Monday, January 24, 2011

DailyMarkets.com - Review Of Blue Sky Preferred Card From American Express: Is This Travel Rewards Credit Card Worth $75 Annual Fee?

DailyMarkets.com - Review Of Blue Sky Preferred Card From American Express: Is This Travel Rewards Credit Card Worth $75 Annual Fee?


Review Of Blue Sky Preferred Card From American Express: Is This Travel Rewards Credit Card Worth $75 Annual Fee?

Posted: 24 Jan 2011 07:35 AM PST

Blue Sky Preferred Card from American Express is a travel rewards credit card issued by American Express (NYSE:AXP) for those of you who love traveling or travel frequently and want to be rewarded for your spending. As a premium version of the standard Blue Sky from American Express, this card lets you earn double points on travel expenses, and also offers points that are worth 33% more than that of other cards, meaning that for every 7,500 points earned, you can earn a statement credit worth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Confirms Head And Shoulder; Sliding Towards 0.9430

Posted: 24 Jan 2011 07:11 AM PST

USD/CHF

- The Swiss Franc is gaining today, sharply against the USD.The market rallied from 0.9520 (50% retracement) in a pullback after the a possible head and shoulder. The strength was immediately followed by a bearish attempt, which has now completely pared those gains from the 0.9520 rally. A close below 0.9520 in the 1H chart should open up the bearish scenario in the very short-term.
- Now, the market looks slightly bearish, within the context of a corrective decline (after which we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Explosion Reported In Moscow’s Busiest Airport Prompts CHF Buying

Posted: 24 Jan 2011 07:10 AM PST

In a development that hurts investor confidence and will undermine confidence in Russia, it seems that a terrorist suicide bomber exploded himself in the baggage claim area of the main Moscow airport.
From the NYTimes: Deadly Blast Strikes in Moscow's Main Airport

"An explosion rocked an international terminal of Moscow's busiest airport on Monday afternoon. There were conflicting reports on the number of dead and injured, but the toll appeared to be rising rapidly. The authorities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dynegy Crosses Another Hurdle

Posted: 24 Jan 2011 07:10 AM PST

Dynegy Inc. (NYSE:DYN) has received regulatory approval from the New York Public Service Commission (NYPSC), for its proposed transaction with an affiliate of Icahn Enterprises L.P. (NYSE:IEP). Per the transaction, Icahn Enterprises will acquire Dynegy for $5.50 per share in cash, or approximately $665 million.
Under the terms of the agreement, Dynegy stockholders will receive $5.50 in cash for each outstanding share of Dynegy common stock they own, which is $0.50 per share and represents a 10% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


McDonald’s Reports In Line

Posted: 24 Jan 2011 07:10 AM PST

McDonald's Corporation (NYSE:MCD), the world’s largest hamburger chain, posted fourth quarter 2010 earnings of $1.16 per share, in line with the Zacks Consensus Estimate. Fourth quarter earnings increased 5% from $1.11 per share reported in the prior-year quarter. However, excluding the unfavorable currency impact of 2 cents in the reported quarter, earnings grew 6.0% year over year.
The earnings growth was driven by value offerings and premium products along with a rise in comparable-store … [visit site to read more] or compare Best Credit Cards and Best CD Rates


There’s A Coming Doctor Shortage. But Why?

Posted: 24 Jan 2011 07:10 AM PST

From a recent Wall Street Journal editorial by Dr. Herbert Pardes, president and CEO of New York-Presbyterian Hospital:

“The doctor shortage was fostered in 1996 when Congress capped the number of new doctors Medicare would pay to train, a practice that continues to this day.

Health-care reform will add an estimated 32 million people to the ranks of the insured, driving them to seek medical attention that in the past they may have avoided due to expense. The aging population will also create … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: BB&T, Hewlett-Packard Company, Hospira Inc, SunTrust Banks, Warner Music Group Corp.

Posted: 24 Jan 2011 07:05 AM PST

 SunTrust Banks Inc (NYSE:STI) increased 5.9% after the bank posted good earnings number resulting from lower loan-loss provisions, beating analysts' estimates

 Share prices of BB&T Corp (NYSE:BBT) rose 4.8% after its revenue increased by 12%

 Share prices of Drug maker Hospira (NYSE:HSP), the sole manufacturer of drugs through which death penalty executions are carried out decreased 0.7% after the company has announced to permanently halt its production. The shares of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Starwood Spreads To Panama

Posted: 24 Jan 2011 07:05 AM PST

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced its intention to open an Aloft hotel in Panama City. This will mark the entry of the Aloft brand of Starwood in that country. The hotel will feature 312 guest rooms and a meeting space more than 4,000 square feet along with other amenities. It is slated for inauguration in December 2012.
The new hotel is being developed by Nuevos Hoteles de Panama S.A. The developing partner will also operate the hotel under a franchise … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Modestly Higher After The Open; Dow Jones Up 0.21%

Posted: 24 Jan 2011 07:00 AM PST

Forex Pros – U.S. stocks were modestly higher after the open on Monday, as market sentiment was boosted by increased merger and acquisition activity and as investors digested a flurry of corporate earnings reports.   

During early U.S. trade, the Dow Jones Industrial Average climbed 0.21%, the S&P 500 index was up 0.06%, while the Nasdaq Composite index climbed 0.10%.

Shares in paper and packaging manufacturer Rock Tenn jumped 6.93% after it agreed to acquire rival … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Test Target Resistance At 1.3621

Posted: 24 Jan 2011 06:44 AM PST

A break above would next target the high for the day at 1.3641 and signal a more bullish bias for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Philips And Autos Drag On European Markets

Posted: 24 Jan 2011 06:44 AM PST

US equities advanced Friday with major indices reacting to better than expected corporate earnings, strength in European bourses, and a weaker dollar. Google, General Electric , and Schlumberger all beat 4Q consensus estimates and a record high German IFO contributed to the strength.

Today's Market Moving Stories

Tales of A Euro Push Back

There is a faint rustling sound in the Euro area, which sounds suspiciously like the Germans opening their chequebook (or at least … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Moves Higher As Crude Oil Prices Slump

Posted: 24 Jan 2011 06:37 AM PST

Forex Pros – The U.S. dollar was up against its Canadian counterpart on Monday, as crude oil prices weakened in quiet trade with no major U.S. or Canadian economic releases scheduled to take place.

USD/CAD hit 0.9982 during European afternoon trade, the daily high; the pair subsequently consolidated at 0.9964, gaining 0.33%.

The pair was likely to find support at 0.9908, Friday's low and resistance at 0.9986, Friday's high.

Earlier in the day, crude oil prices slumped, tumbling 1.56% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Family Dollar Raises Dividend

Posted: 24 Jan 2011 06:36 AM PST

After The McGraw-Hill Companies Inc. (NYSE:MHP), which recently raised its quarterly dividend by 6.4% to 25 cents from 23.5 cents, and Tiffany & Company (NYSE:TIF), which recently announced a share repurchase program of $400 million, it is now the turn of Family Dollar Stores Inc. (NYSE:FDO) to utilize its free cash to enhance shareholders' return, thereby boosting investor confidence in the stock.
The North Carolina-based Family Dollar raised its quarterly dividend for the 35th successive year by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Rig Count Up By 13 Units

Posted: 24 Jan 2011 06:36 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


Halliburton Posts Big Gain

Posted: 24 Jan 2011 06:36 AM PST

Major oilfield services provider Halliburton Co. (NYSE:HAL) reported better-than-anticipated fourth-quarter 2010 results. This was helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily exposed through its market-share-leading pressure-pumping business).
Earnings per share, excluding special items, came in at 68 cents, beating the Zacks Consensus Estimate of 63 cents and were comfortably ahead of the year-ago adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Failures Rise To 7

Posted: 24 Jan 2011 06:36 AM PST

Last Friday, U.S. regulators shuttered four more banks in North Carolina, South Carolina, Georgia and Colorado, pushing up the failed U.S. banks figure to 7 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 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 continue to cast a shadow on such … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Philips In Good Stead

Posted: 24 Jan 2011 06:35 AM PST

Royal Philips Electronics(NYSE:PHG) posted revenues of €7.4 billion ($10 billion) for the fourth quarter of 2010 with earnings per share at €0.49 (66 cents). 
Healthcare sales increased by 2% and were helped by robust performance at Home Healthcare Solutions but tempered by weak performance at Imaging Systems . Consumer Lifestyle sales declined by 11% due to Television, while there was growth in Health & Wellness. Lighting sales were flat compared to the prior year driven by LED and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Peabody-China’s Go Green Mission

Posted: 24 Jan 2011 06:35 AM PST

U.S. coal miner Peabody Energy Corporation (NYSE:BTU) has been shouldering the carbon control initiatives over the years. The company continues to play an important role as the founder as well as executive committee member of the U.S. Energy Cooperation Program (ECP). Recently, Peabody got into two Chinese agreements taking the alliance between China and the United States for clean energy a step forward and materialize the carbon initiatives.
Peabody Energy's newly entered ventures in China … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mixed Start For Dollar Ahead Of FOMC

Posted: 24 Jan 2011 06:24 AM PST

The euro eased back from an eight-week high propelled by bearish investors closing out huge short bets against a systemic breakdown across the Eurozone. Over the weekend the Irish Prime Minister announced he’d soon throw in the towel amid deepening unpopularity across the nation leaving the fate of the budget in jeopardy. Last year’s EUR85 billion promise of financial assistance to Ireland from fellow members requires the safe passage as a prequalification of aid. Elsewhere the underlying theme … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold And Silver Update 1/24 – Bears March On

Posted: 24 Jan 2011 06:19 AM PST

Previous Gold and Silver Update: Will the Bulls Take Back Control? (1/21)
Gold (XAU/USD)

- The retracement of 38.2% seen in the 1H gold chart was sharp, but there is topping.
- This did not break above the 1355 level, which should act as resistance.
- The RSI remained below 60 after a minor violation.
- The market still looks bearish towards 1330 area. A break below 1329.50 then looks at 1315.
- If the market decides to rally, and DOES break above 1355, we have a kilroy or reverse head and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: AUDUSD Tests 38.2% Retracement On Hourly Chart

Posted: 24 Jan 2011 06:19 AM PST

The AUDUSD is bumping against the 38.2% retracement resistance at the 0.9924  level. Above that is the 200 and 100 hour MA at the 0.9936-39 level. The levels should be used by buyers from below to take profit. Stops should be eyed on a break above 0.9940 as it increases the bullish bias for the pair.
On the downside, look for intraday support against the 0.9900-04 area (see chart below). A move below this level, likely leads to a new move toward the most recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Capped By A Negative Trend Line

Posted: 24 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: 24 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: The Downside Prevails

Posted: 24 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: Under Pressure

Posted: 24 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


Perrigo To Acquire Paddock’s Assets

Posted: 24 Jan 2011 06:08 AM PST

Perrigo Company (NASDAQ:PRGO) recently entered into a definitive agreement to acquire substantially all the assets of Paddock Laboratories Inc. for a cash consideration of $540 million. The deal would boost the company's generic business.
Paddock Labs is a privately owned, Minneapolis based company that focuses on the manufacturing and marketing of generic prescription specialty products. The transaction is expected to close in the fourth quarter of fiscal 2011, pending regulatory approval. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What’s Next For EUR/USD 2-Week Rally? Trichet Talks To Wall Street Journal About Inflation

Posted: 24 Jan 2011 05:53 AM PST

The EUR/USD and the USD/JPY both fell back from 2-month highs to start this week's trading. Traders are cautious at these levels after the sparkling 2-week rally. Investors have been focusing on the steps being taken by European officials to move beyond the current status quo when it comes to the precarious condition of Portugal and even Spain in the sovereign debt crisis.
There has been talk of expanding the role of the EFSF (European Financial Stability Facility) rescue fund – either by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/CHF Finds A Rare Diamond At 1.54

Posted: 24 Jan 2011 05:47 AM PST

GBP/CHF

- The GBP/CHF might finally have topped off after a sharp rally from 1.44 to 1.54 (a 1000-pip swing).
- There is a cluster of 61.8% fibonacci retracement level, psychological resistance at 1.54, as well as a previous support for a double top that was broken (after which, the slide from 1.60 extended to 1.44.
- This volatile pair also has the RSI now failing to sustain a break above 60 – all these are signs of topping.
- The 4H chart also shows the topping action in more detail, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Moves Higher In Early NY Trade

Posted: 24 Jan 2011 05:42 AM PST

The EURUSD has found it's bullish bias again in early NY trading as it moves above the 1.3577 level (50% of 1.4281 high/1.2873 low), and the 100 and 200 bar MA on the 5 minute intraday chart. The next targets come in between 1.3613-22.  If the price stays above the 1.3577 level where the 100 bar MA on the 5 minute chart and the 38.2% of the days range are found, and the price bias remains bullish (see chart below).

The next key target above the 1.3622 level is the high for the day at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pebblebrook Obtains Secured Loan

Posted: 24 Jan 2011 05:36 AM PST

Pebblebrook Hotel Trust (PEB), a lodging real estate investment trust (REIT), has recently executed a new secured loan of $36 million, collateralized by the Doubletree Bethesda Hotel in Bethesda, Maryland. The five-year secured loan was obtained from Goldman Sachs Commercial Mortgage Capital, L.P., a wholly-owned subsidiary of The Goldman Sachs Group, Inc. (NYSE:GS), a leading full-service commercial mortgage lender.
Pebblebrook expects to utilize the proceeds from the debt financing to fund … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Platinum For Sheraton Bloomington

Posted: 24 Jan 2011 05:36 AM PST

LaSalle Hotel Properties (NYSE:LHO), a lodging real estate investment trust (REIT), has recently revealed the name of the new owner of Sheraton Bloomington Hotel, a 564-room premium hotel near Minneapolis/St. Paul International Airport. LaSalle Hotel Properties had earlier sold the property without disclosing the identity of the buyer for $20.0 million (net proceeds of $19.6 million), bulk of which was utilized to repay debt under its senior unsecured credit facility. The hotel is currently owned … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro’s Reversal Of Fortune & Outlook

Posted: 24 Jan 2011 05:24 AM PST

The Euro closed up Friday`s session at 136.13, and looks poised to make a run up to test the 140 level in February. I, among many, was thinking the Euro would next test the 125 level, and things started heading well in that direction with the Euro moving down to 129, and appearing on a downward slope.

So what happened? Well, there have been quite a few new developments that prompted this reversal of the euro fortune.  

PIIGS Bond Sale Surprise 

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


EUR/USD Might See One More Rally Before Topping

Posted: 24 Jan 2011 04:56 AM PST

EUR/USD 4H

EUR/USD 1H
- We saw the EUR/USD possibly topping to start the week, and the market has brought the pair from its high to start the week near 1.3640 down 100 pips to the 1.3540 area.
- The wave count suggests we can have 1 more rally attempt, before topping is complete.
- If the market tops, a big early clue is a break below 1.3520.
- A break below 1.3490 also helps confirm, along with the RSI in the 1H chart breaking below 40.
- If the rising trendline is broken, we can also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Broadly Higher Vs. Rivals As Euro Rally Loses Momentum

Posted: 24 Jan 2011 04:53 AM PST

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as the euro declined after earlier hitting two month highs against the dollar and the yen.

During European early afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.4% to hit 1.3564.

Earlier in the day, preliminary data showed that the euro zone purchasing manager services index rose more-than-expected in January while the manufacturing PMI unexpectedly fell to a two month … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro-zone Data Showing Strong Fundamentals, But Euro Starts Week Lower

Posted: 24 Jan 2011 04:47 AM PST

Overnight, we had two reports showing that the Euro-zone economy – and especially Germany – posting strong levels of activity in manufacturing and services.
We had the preliminary readings come out for January in both of those sectors. The manufacturing PMI for the Euro-zone came in at 56.9, a bit lower 57.1 reading we had in December, but it still shows modestly strong growth in activity. The surprise was a jump in the Euro-zone services PMI to 55.2 from December's 54.2. It was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Slips On Profit Taking, Rate Increase Doubts

Posted: 24 Jan 2011 04:40 AM PST

Forex Pros – The pound slipped against the U.S. dollar on Monday, as investors took profits after the currency advanced to two-month highs and as doubts grew over the possibility of an interest rate hike by the Bank of England in the near term.

GBP/USD hit 1.5921 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.5947, shedding 0.32%.

Cable was likely to find support at 1.5866, Friday's low and resistance at 1.6058, the high of January 18 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Off 1-month High Amid Profit Taking

Posted: 24 Jan 2011 04:21 AM PST

Forex Pros – The euro eased against the Swiss franc on Monday, amid profit taking after the single currency reached a one-month high and after data painted an uneven picture of the economic recovery in the single currency bloc.

EUR/CHF hit 1.2978 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.2993, shedding 0.44%.

The pair was likely to find support at 1.2812, last Thursday's low and resistance at 1.3067, the day's high and a one-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates


John Lounsbury: “A Very Low Opinion Of FINRA”

Posted: 24 Jan 2011 04:00 AM PST

"Who will protect me?"
How many investors in our nation continue to ask that question?
A lot!!
Throughout the crisis of the past few years and certainly well beyond that, investors have come to appreciate that they really need to learn to protect themselves. Why is that? We have rampant evidence  that neither Wall Street nor the financial regulators overseeing Wall Street have truly protected investors. So now what?
This question of investor protection is perhaps the most critical … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Active ETF Growth Will Not Parallel Index ETFs

Posted: 24 Jan 2011 04:00 AM PST

Many market observers have suggested that actively-managed ETFs will be the ones to look out for in 2011. Some believe that their growth will accelerate in the coming year as investors recognize their benefits and advantages over actively-managed mutual funds that still hold the vast majority of investor assets. Others see a slower transition into primetime because of continued regulatory and structural hurdles faced by the industry. Whatever the stance might be, Active ETFs are definitely … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits Fresh Daily Low After Mixed Euro Zone PMI Data

Posted: 24 Jan 2011 03:51 AM PST

Forex Pros – The euro extended early losses against the U.S. dollar on Monday, falling to a fresh daily low, following the release of mixed euro zone economic data and as political uncertainty in Ireland weighed.

EUR/USD hit 1.354 during European late morning trade, the daily low; the pair subsequently consolidated at 1.3558, shedding 0.45%.

The pair was likely to find support at 1.3482, Friday's low and short-term resistance at 1.3641, the day's high and a nine-week high.

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


Minera IRL Upbeat On Full Year Results From Corihuarmi Gold Mine In Peru

Posted: 23 Jan 2011 11:45 PM PST

Latin American focused gold mining company Minera Irl (LON:MIRL) this morning announced the operating results for its Corihuarmi gold mine in Peru during the December quarter and 2010 full year. Total gold production for 2010 came in at 32,533 ounces at a cash cost of $383 per ounce. Gold production for the fourth quarter was 8,615 ounces, exceeding budget by 39%, while the quarterly cash operating cost of $366 per ounce was 21% below budget due to no waste stripping and the higher gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What A Difference A Week Makes

Posted: 23 Jan 2011 03:07 PM PST

Two weeks ago, the extremes in sentiment did little to deter investors from chasing prices higher.  This is the “this time is different” scenario where prices move higher despite the increasing number of bulls.  At the start of last week, this scenario seem highly likely, and for the bears, it was best to get out of the way of such an advance.  But over the past week, the “this time is different” seems less likely to play out, and an intermediate term market top is likely to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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