Monday, January 10, 2011

DailyMarkets.com - Review Of American Express Simply Cash Business Card: One Of The Best Business Cashback Credit Cards

DailyMarkets.com - Review Of American Express Simply Cash Business Card: One Of The Best Business Cashback Credit Cards


Review Of American Express Simply Cash Business Card: One Of The Best Business Cashback Credit Cards

Posted: 10 Jan 2011 07:35 AM PST

Business cash back credit cards are an excellent way to get huge savings on your business expenses as they let you get back a certain percentage of what you’ve spent in the form of cash rebates. The SimplyCash Business Card from American Express OPEN is one of the best cash back credit cards in the US for businesses with revenue of more than $200,000 as it gives you up to 5% cash back, and doesn’t have any annual fee.

Here we do a detailed review of SimplyCash Business Card from American … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Know For Monday: Wells Fargo, UBS, Alcoa, DuPont, Johnson & Johnson, BP, ConocoPhillips, ExxonMobil

Posted: 10 Jan 2011 07:16 AM PST

Non-Farm Payrolls came in below estimates  Friday (103k vs 150k), but an upward revision to Novembers number and a lower Unemployment Rate (9.4 percent vs 9.7 percent) softened the blow.  The S&P futures fell 5pts following the figures, stabilized, but then fell another half percent after Wells Fargo (NYSE:WFC) and UBS (NYSE:UBS) lost a foreclosure case in Massachusetts.  Financials fell 1.25 percent and were the worst performer of the major S&P indices. Alcoa (NYSE:AA) kicks off the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lockheed Wins $424.7M Contract

Posted: 10 Jan 2011 07:05 AM PST

Lockheed Martin Corporation (NYSE:LMT) announced that it received a contract worth $424.7 million from the U.S. Air Force to produce geosynchronous orbit  (GEO) Satellite 4. The work will be done by the company's Space Systems Company of Sunnyvale, California.
Lockheed is working on this Satellite project for quite some time and the previous order for satellites came in June 2009. The company had then received a $1.5 billion contract for the third highly elliptical orbit payload, the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dendreon Rises On Provenge Update

Posted: 10 Jan 2011 07:05 AM PST

Dendreon Pharmaceuticals (NASDAQ:DNDN) shares went up after it provided a detailed corporate outlook. It discussed plans for US commercialization, expansion and European filing for Provenge vaccine, for the treatment of prostrate cancer. The company also announced that it will start phase II studies for Neuvenge for the treatment of invasive bladder cancer soon.
Unlike traditional vaccines that prevent diseases, Provenge, which has blockbuster potential, treats by stimulating the body’s own immune … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hess Boosts 2011 Capex

Posted: 10 Jan 2011 06:35 AM PST

The U.S. oil production and refining company, Hess Corporation (HES ),  boosted its 2011 capital and exploratory budget to $5.6 billion, representing a 44% increase from plans to spend $3.9 billion in 2010. The company's capital and exploratory budget for the year constitutes $3.1 billion for production, $1.6 million for developments and $900 million for exploration.
In comparison, Hess' 2010 capital program included $2.4 billion for production, $600 million for developments as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Intel

Posted: 10 Jan 2011 06:35 AM PST

We expect few surprises when Intel Corp (NASDAQ:INTC) reports earnings later this week, as reflected in the limited number of estimate revisions over the past few months.
Third Quarter Highlights
Intel Corp's third quarter earnings were slightly better than the company's expectations, exceeding the Zacks Consensus by a couple of cents. Revenue was also more or less in line, helped by stronger demand from China and other emerging markets. However, management had lowered guidance significantly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Advanced Micro Devices, Duke Energy, E.I. Du Pont De Nemours And Company, General Electric Company, Goldman Sachs Group, Morgan Stanley, Parker-Hannifin, Playboy Enterprises, Progress Energy Inc, Target, UBS AG, Wal-Mart Stores

Posted: 10 Jan 2011 06:35 AM PST

 DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share

 Playboy Enterprises (NYSE:PLA) is reportedly going private at $6.15 per share

 Duke Energy (NYSE:DUK) announced plans to buy Progress Energy (NYSE:PGN) for $13.7 billion, or $46.48 per share

 UBS (NYSE:UBS) upgraded General Electric (NYSE:GE) from “neutral” to “buy” rating, increasing the target price from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 10 Jan 2011 06:18 AM PST

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


Japanese Yen: Under Pressure

Posted: 10 Jan 2011 06:18 AM PST

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


British Pound: Rebound

Posted: 10 Jan 2011 06:18 AM PST

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


Euro: The Upside Prevails

Posted: 10 Jan 2011 06:18 AM PST

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


Forex Trading: EURUSD Tries The Upside

Posted: 10 Jan 2011 06:10 AM PST

The EURUSD remains contained but now supported after the triple bottom at the 1.2873 area.  The 100 and 200 bar MA on the 5 minute chart are converged at the 1.2904 level and should provide support.  The high for the day at the 1.2938 level now becomes the next target to get through.
The 65 pip low to high range is simply too narrow for today.  I am looking for an extension of the range. Staying above the 1.2904 level keeps the bulls in charge. Above the 1.2948 targets … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Verizon IPhone Coming Soon

Posted: 10 Jan 2011 06:06 AM PST

Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc (NYSE:VOD), is expected to announce the timing of its long-awaited sale of Apple Inc.’s (NASDAQ:AAPL) iPhone on January 11. Verizon will also announce the sale price of the iPhone on the same date.
The sale of iPhone by Verizon will mark the end of exclusivity that its largest competitor AT&T Inc. (NYSE:T) iPhone has been enjoying since 2007. The expected sale of iPhone and the recent launch of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Regis’ Second Quarter Sales Slip

Posted: 10 Jan 2011 06:06 AM PST

Based in Edina, Regis Corporation (NYSE:RGS) recently reported its second quarter 2011 revenues of $574 million, down 0.2% over the year in a pre-earnings announcement. Regis owns franchises or has stakes in more than 12,700 salons, hair restoration centers and cosmetology education services. 
The same-store sales for the second quarter fell 1.3% year over year. However, this rate of decline was lower than the year-ago quarter's drop of 3.7% as well as first quarter's drop of 1.5%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Limited Brands Sales Rise

Posted: 10 Jan 2011 06:06 AM PST

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted sales results for the five-week period ended January 1, 2011.
The owner of Victoria’s Secret and Bath & Body Works chains sustained its growth momentum. Limited Brands' comparable-store sales for December rose 5%, following a 10% increase registered in November 2010, and reflecting a sharp improvement from a decline of 2% in December 2009. Limited … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Pares Gains As Crude Oil Prices Advance

Posted: 10 Jan 2011 06:05 AM PST

Forex Pros – The U.S. dollar trimmed gains against its Canadian counterpart on Monday, retreating from a daily high as crude oil prices, Canada's largest export, advanced.

USD/CAD retreated from 0.9983, the daily high to hit 0.9957 during European afternoon trade, gaining 0.23%.

The pair was likely to find support at 0.9899, Friday's low and resistance at 1.0003, the high of the same day.

Earlier in the day, crude oil prices rose 0.63% to hit USD 88.97 a barrel, a two day high. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Today’s Top Story: Speculation Builds Around Portugal Needed Irish-Style Rescue

Posted: 10 Jan 2011 05:44 AM PST

Markets Worry About Portugal Meeting its Funding Needs for 2011
We start the new week, and before markets even open in NY we have our latest sovereign-debt rumblings. There was some pick-up in speculation that Portugal will be forced to seek external financial assistance. There was press reports that France and Germany were putting pressure on Portugal to accept some kind of loan rescue deal – structured on what happened with Ireland. Officials denied the report, but yields on Portuguese … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Kicks Off 2011 With 1,700 Rigs

Posted: 10 Jan 2011 05:35 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (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. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), Patterson-UTI Energy (PTEN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Expectations: 4Q, 2010 & 2011

Posted: 10 Jan 2011 05:35 AM PST

With the strong third quarter earnings season now well behind us, the focus turns to the forth quarter season which kicks off this week when Alcoa (NYSE:AA), Intel (NASDAQ:INTC) and J.P. Morgan (NYSE:JPM) report. We have already had a handful (24) of S&P 500 firms report, but they were mostly firms with November fiscal period ends, with a high proportion of retailers in the mix.

While far from a representative sample, the early reports are encouraging, with total net income for those firms rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Building Permits Plunge Unexpectedly In November

Posted: 10 Jan 2011 05:35 AM PST

Forex Pros – The number of new building permits issued in Canada plunged unexpectedly in November, falling for the second consecutive month official data showed on Monday.

In a report, Statistic Canada said the number of new building permits issued fell by a seasonally adjusted 11.2% in November, after tumbling by 6.2% in October, whose figure was revised from a decline of 6.5%.
 
Analysts expected the number of new building permits issued to rise by 0.8% in November. 

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


Forex – GBP/USD Trims Losses But Remains Under Pressure

Posted: 10 Jan 2011 05:32 AM PST

Forex Pros – Sterling trimmed losses against the dollar on Monday, but remained under pressure, following an earlier report showing that U.K. house prices fell for a second consecutive month in December.

GBP/USD retreated from 1.5473, the daily low to hit 1.5512 during European afternoon trade, shedding 0.2%.

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

British mortgage lender Halifax said its house price index fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURO Auctions Will Be A Focus This Week

Posted: 10 Jan 2011 05:30 AM PST

Tuesday: Greece – 1.5 billion Euro of 26 week treasury bills
Wednesday: Portugal – 750 million Euro 3 year notes, 1.25 billion 9 year bonds. The coupons previously were 3.6% and 4.8% respectively. Yields are much higher now with 3 year yields at 4.94% and 10 year yields at 7% currently
Thursday: Spain – 5 year notes to be auctioned with the maturing bonds having a 3.25% yield
Thursday: Italy – 4 year notes to be auctioned with the maturing bonds having a 3% yield. Also they will auction 15 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chinese Rote Reptition Vs. American Self-Esteem

Posted: 10 Jan 2011 05:13 AM PST

From the WSJ article “Why Chinese Mothers Are Superior” by Yale law professor Amy Chua:

“A lot of people wonder how Chinese parents raise such stereotypically successful kids. They wonder what these parents do to produce so many math whizzes and music prodigies, what it’s like inside the family, and whether they could do it too. Well, I can tell them, because I’ve done it. Here are some things my daughters, Sophia and Louisa, were never allowed to do:

• attend a sleepover
• have a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Re-approaches Record Low As Debt Worries Intensify

Posted: 10 Jan 2011 05:09 AM PST

Forex Pros – The euro re-approached its all-time low against the Swiss franc on Monday, as worries about Europe’s debt crisis intensified, following reports that Portugal was under pressure to accept a bailout.

EUR/CHF hit 1.2433 during European afternoon trade, the pair's lowest since January 3; the pair subsequently consolidated at 1.2454, shedding 0.24%.

The pair was likely to find support at 1.2399, the low of December 30 and the euro-lifetime low and resistance at 1.2563, last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: British Pound Drops Against Most Major Currencies As U.K. House Prices Falls The Most In Three Months

Posted: 10 Jan 2011 05:00 AM PST

   

Fundamental Headlines
• Fed Chief Gets a Likely Backer – Wall Street Journal
• 2011 Earnings Face Headwinds – Wall Street Journal
• Eurozone and Inflation Worries Stymie Bull Run – Financial Times
• China Reports Smaller Trade Surplus Before Obama Meeting – Bloomberg
• U.K. House Prices Decline 1.3%, Most in Three Months – Bloomberg
GBPUSD: U.K. Halifax house prices in December plunged 1.3 percent after falling a revised 0.2 percent in November amid … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Abercrombie’s Positive Comparables

Posted: 10 Jan 2011 04:52 AM PST

This article has been unpublished. Walter, need new message.
 
ABERCROMBIE (ANF): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Here Comes The Stock Earnings Season

Posted: 10 Jan 2011 04:32 AM PST

ETF action was mixed last week as the New Year got off to a fast start but enthusiasm waned towards the end of the week after a less positive than expected employment report.

This week marks the start of the all important earnings season and also includes some important economic reports with a particularly significant wave on Friday. Together these events should set the tone for stock markets and exchange traded funds in January.

The View From 35,000 Feet

Last week's action was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market’s Yearly Cycle Low Approaching

Posted: 10 Jan 2011 04:26 AM PST

Sometime between early February and early April the market should drop down into a major yearly cycle low. Last year that cycle low came during the first week of February.

Since the current daily cycle is now in the timing band for a bottom we should see an intermediate top fairly soon.

Yearly cycle corrections are major corrections, only exceeded by the four year cycle low in severity. So once the correction begins it should be a doozie. The severity of the impending … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. Most Rivals As Euro Remains Under Pressure

Posted: 10 Jan 2011 04:14 AM PST

Forex Pros – The U.S. dollar was higher against almost all of its major rivals on Monday, amid signs that the euro zone sovereign debt crisis which began in Greece looked likely to spread to Portugal.

During European early afternoon trade, the greenback was up against the euro, with EUR/USD dipping 0.03% to hit 1.2901.

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


Where The Experts See Active ETFs Going In 2011

Posted: 10 Jan 2011 04:00 AM PST

As industry experts take out their crystal balls at the beginning of a new year and try to see where the rapidly growing ETF industry is headed, actively-managed ETFs are on the radar screens of many. But the debate regarding the level of success Active ETFs will achieve remains just as polarized. One thing though that most observers agree upon is that, like it or not, more Active ETFs are going to hit the markets in 2011. Here's what the experts think –
Scott Burns, Director of ETF … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Claws Back From 4-month Low On China Remarks

Posted: 10 Jan 2011 03:50 AM PST

Forex Pros – The euro remained under pressure against the dollar on Monday but clawed back up from an earlier four month low after China indicated that it will continue to buy the single currency.

EUR/USD clawed up from 1.2875, the pair's lowest since September 14, to hit 1.2913 during European late morning trade, gaining 0.05%.

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

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


Forex – EUR/GBP Rebounds From 4-month Low After Halifax Data

Posted: 10 Jan 2011 02:47 AM PST

Forex Pros – The euro rebounded from a four month low against sterling on Monday after U.K. mortgage lender Halifax said that British house prices fell at the fastest rate in over a year in December.

EUR/GBP clawed up from 0.8285, the pair's lowest since September 13 to hit 0.8325 during European morning trade, gaining 0.28%.

The pair was likely to find support at 0.8269, the low of September 13 and resistance at 0.8425, last Friday's high.

The Halifax house price index fell 1.3% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Hits Daily Low As Swiss To Discuss Strong Franc

Posted: 10 Jan 2011 02:21 AM PST

Forex Pros – The U.S. dollar was down against the Swiss franc on Monday, as lingering concerns over sovereign debt contaigon in the euro zone and Friday's disappointing U.S. jobs data boosted demand for the safe haven franc.

USD/CHF hit 0.9632 during European morning trade, the daily low; the pair subsequently consolidated at 0.9662, shedding 0.1%.

The pair was likely to find support at 0.9609, last Thursday's low and resistance at 0.9733, the high of December 16.

Over the weekend, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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