Thursday, January 13, 2011

DailyMarkets.com - Review Of Capital One Secured MasterCard: Use This Credit Card To Build Credit

DailyMarkets.com - Review Of Capital One Secured MasterCard: Use This Credit Card To Build Credit

Review Of Capital One Secured MasterCard: Use This Credit Card To Build Credit

Posted: 13 Jan 2011 07:35 AM PST

Do you have a bad credit score or don't have any credit history? If so, don’t damage your credit further by applying for regular credit cards as you will most likely be turned down.

The Capital One Secured MasterCard is a secured credit card which gives an opportunity for people with bad or no credit to improve their credit score while having access to a credit line. This card is issued by Capital One Financial (NYSE:COF), one of the largest card issuers in the U.S. A secured credit card is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Thursday: Citigroup, Intel, Bank Of America, Nvidia, JPMorgan, Hewlett-Packard, Dell, Cliffs Natural Resources

Posted: 13 Jan 2011 07:15 AM PST

Euro is up against USD, GBP and SEK on a moderately hawkish ECB press conference. I would have though this tone would have been expected, but nevertheless it is adding to the short squeeze in EUR that we have been seeing this week. Trichet said “We are taking decisions on support measures independently to Interest Rates”. This is a very interesting way of explaining what the ECB is doing. You can have a hawkish stance on inflation and at the same time print money and buy assets to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Peek Into Big 5′s 4Q Sales

Posted: 13 Jan 2011 07:05 AM PST

Big 5 Sporting Goods Corporation (BGFV ),  a sporting goods retailer, released its fourth quarter and full fiscal 2010 sales results along with earnings guidance. Complete quarterly and full-year results as well as guidance for first quarter of fiscal 2011 are expected to be reported by management in the first week of March 2011.
In the fourth quarter of 2010, the company generated sales of $226.7 million, down slightly from $237.6 million recorded in the comparable period last year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Deere & Company, Goldman Sachs Group, Hershey Foods, J P Morgan Chase & Co, Micron Technology, Unilever NV, Wells Fargo & Company, Cognizant Technology Solutions, E*TRADE Financial, Infosys Technologies Limited, Wynn Resorts, Limited

Posted: 13 Jan 2011 07:05 AM PST

 Baird has upgraded Micron (NYSE:MU) from “neutral” to “outperform” increasing the target price from $8 to $15

 Infosys (NASDAQ:INFY) posted fiscal third quarter earnings of $0.69, above the Zacks Consensus Estimate of $0.66, on revenues of $1.59 billion, slightly lower than the Zacks Consensus Estimate of $1.55 billion

 Goldman Sachs (NYSE:GS) has downgraded E*TRADE (NASDAQ:ETFC) to “neutral” from a “buy” rating with a target price of $18

 JP Morgan (NYSE:JPM) has upgraded Deere (NYSE:DE) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merck & Parexel Enter Pact

Posted: 13 Jan 2011 07:05 AM PST

Merck & Co. Inc. (NYSE:MRK) recently entered into an agreement with Parexel International Corporation (NASDAQ:PRXL). Per the terms of the deal, Merck BioVentures (a division of Merck) will have access to Parexel's range of regulatory, strategic and clinical development planning capabilities for the development of broad classes of biosimilars across various therapeutic areas.
We view the agreement with Parexel as a positive for Merck, given that Parexel has the expertise and resources to conduct … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ITT Corp. To Split Into Three

Posted: 13 Jan 2011 06:35 AM PST

ITT Corporation (NYSE:ITT), with the unanimous consent of its board of directors, has decided to divide into three separately trading public companies. ITT Corp.’s water-related businesses and its Defense & Information Solutions segment will be segregated into two different companies, with its manufacturing and engineering operations remaining in the existing company.
The shares of the new companies will be distributed to the ITT shareholders. The spin-off is expected to be completed before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vornado Realty Sells Assets

Posted: 13 Jan 2011 06:35 AM PST

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently announced the sale of two office buildings in Washington DC spanning 319,000 square feet of space for $127 million. The company expects to raise net proceeds of $107 million from the asset sale, and would record $44 million as profit from the transaction in first quarter 2011.
Vornado Realty sold the properties to Washington Real Estate Investment Trust (NYSE:WRE), a premier REIT in the greater Washington … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 13 Jan 2011 06:19 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: 13 Jan 2011 06:19 AM PST

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

British Pound: Rebound Expected

Posted: 13 Jan 2011 06:19 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: 13 Jan 2011 06:19 AM PST

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

Forex Trading: EURUSD Continues March Higher On Weak US Employment And Trichet Positive Comments

Posted: 13 Jan 2011 06:08 AM PST

The weaker Initial Claims is a disappointment. Meanwhile with better auctions as a backdrop, Trichet has brought up higher short term inflation which has gotten the market worried about a possible tightened – despite the insistency that rates are appropriate. 
In the chart above the upper channel trendline is being tested.  This may prompt some slowing of the surge higher. Support now comes in at 1.3235-45 for the pair … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Infosys Beats Estimates

Posted: 13 Jan 2011 06:05 AM PST

Infosys Technologies Limited (NASDAQ:INFY) reported third quarter 2011 earnings per ADS from continuing operations of 69 cents, which surpassed the Zacks Consensus Estimate of 66 cents. Earnings increased by 6.1% sequentially and 18.9% year over year, led by growth in all areas and across the customer base.
Business Details
Total revenue for the quarter was $1,585 million, representing a year-over-year growth of 28.7%. The company saw growth in retail and manufacturing, and also in banking, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Campbell & Swire In Chinese JV

Posted: 13 Jan 2011 06:05 AM PST

The world's largest seller of ready-to-eat soups, Campbell Soup Co. (NYSE:CPB), is striking a joint venture deal with Swire Pacific Ltd to give a new stature to its business in the world’s most heavily populated country, China. The company is not new to the Chinese market with operations in the country dating back to 2007. Interestingly it further seeks to expand its soup business in a country where people still prefer homemade soups. The new joint venture company, due to begin operations in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Tumbles To 6-day Low After U.S. Jobless Claims Rise

Posted: 13 Jan 2011 05:51 AM PST

Forex Pros – The U.S. dollar erased early gains against the yen on Thursday, falling to a six day low after official data showed that the number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly.

USD/JPY retreated from 83.15, the daily high to hit 82.56 during European afternoon trade, tumbling 0.53%.

The pair was likely to find support at 81.87, the low of January 5 and resistance at 83.15, the days high.

The Department of Labor said that said initial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. PPI Rises More-than-expected In December

Posted: 13 Jan 2011 05:48 AM PST

Forex Pros – Producer price inflation in the U.S. rose more-than-expected in December, official data showed on Thursday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 1.1% in December, after rising by 0.8% in November.

Analysts had expected PPI to increase by 0.7% in December.

The report also showed that core PPI, which excludes food and energy costs, rose in line with expectations, rising by 0.2% in December, after increasing by 0.3% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD 50% Being Tested On Dollar Selling

Posted: 13 Jan 2011 05:47 AM PST

Forex Trading: USDJPY Breaks Below Support At 82.80

Posted: 13 Jan 2011 05:46 AM PST

U.S. Initial Jobless Claims Rise Unexpectedly

Posted: 13 Jan 2011 05:43 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, posting the biggest weekly increase in six months, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 8 rose to a seasonally adjusted 445K, after rising to 410K in the preceding week, whose figure was revised up from 409K.

Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Trade Deficit Narrows Unexpectedly In November

Posted: 13 Jan 2011 05:39 AM PST

Forex Pros – The U.S. trade deficit unexpectedly narrowed in November, official data showed on Thursday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD38.3 billion, compared to a deficit of USD38.4 billion un October, whose figure was revised down from a deficit of USD38.7 billion.

Analysts had expected the U.S. trade deficit to widen to USD40.6 billion in November.

Following the release of the data, the U.S. dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top Stories (1/13): Spain’s Auction Helps Euro, Swiss GDP Predictions Hurt CHF, GBP Higher On Manufacturing, BOE Expectations

Posted: 13 Jan 2011 05:36 AM PST

1. Spanish and Italian Auctions Successful, Euro Extends Rally
Today the European markets were focused on debt auctions from Spain and Italy. Spain managed to sell €3 billion of bonds, paying a yield that was close to 4.590%. That was higher than in previous auctions but a level that was below that in the secondary market and left investor feeling more optimistic. Italy's auction was also successful.
The news, in addition to what we reported yesterday in regards to developments … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lucentis Gains EU Approval For DME

Posted: 13 Jan 2011 05:35 AM PST

Novartis AG (NVS) recently received European approval for Lucentis to treat patients with certain forms of diabetic macular edema (DME). It is an eye condition related to long-standing diabetes that may lead to blindness, particularly in working-age population in most developed countries. Lucentis led to an improvement in vision and vision related quality of life in patients with visual impairment due to DME. Lucentis is currently marketed for the treatment of wet AMD.
The current standard of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Restructures Debt

Posted: 13 Jan 2011 05:35 AM PST

Energy generation company NRG Energy Inc. (NYSE:NRG) issued $1.2 billion 7.625% senior unsecured notes due January 15, 2018, to qualified institutional buyers. The offering is expected to close on January 26, 2011.
NRG Energy intends to utilize the net proceeds of the issue to buy back its outstanding $1.2 billion 7.250% senior notes due 2014. The company will also pay fees and expenses incurred in connection with the repurchase of such notes.
NRG Energy ended the third quarter 2010 with long-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Approaches 61.8% Fibo Retracement

Posted: 13 Jan 2011 05:29 AM PST

THe EURUSD approaches 61.8% Fibo Retracement.  I would expect to see some profit taking selling against this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sold PAL $7.20

Posted: 13 Jan 2011 05:26 AM PST

Click on the chart to ENLARGE

In this morning’s pre-market I sold my position in North American Palladium (PAL) at $7.20.  I had a very nice gain that I chose to put in my pocket.  The negative divergence of the price action vs. True Strength Index (TSI) indicator gave me pause for concern.

However, this is a trade and I will be back, as I have every confidence that PAL is going to go much much higher in the next couple of months.  

My TSI Trading record has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Hits 6-day High After Spanish, Italian Bond Auctions

Posted: 13 Jan 2011 05:10 AM PST

Forex Pros – The euro surged to a six day high against the yen on Thursday, after successful bond auctions by Spain and Italy boosted sentiment and as investors awaited the European Central Bank's monthly news conference.

EUR/JPY hit 109.51 during European afternoon trade, the pair's highest since January 5; the pair subsequently consolidated at 109.47, surging 0.44%.

The pair was likely to find support at 1.3088, the days low and resistance at 1.3324, the high of January 5.

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

Bank Of England Refrains From Raising Is Interest Rate And Its Asset Purchase Target In January

Posted: 13 Jan 2011 05:00 AM PST

        
Fundamental Headlines
• S&P, Moody's Warn on U.S. Credit Rating – Wall Street Journal
• Europe Markets Mixed Before Auctions – Wall Street Journal
• Stocks Rally as Eurozone Worries Ease– Financial Times
• Trichet Faces "Annus Horribilis" as Crisis Strains ECB Policy – Bloomberg
• EU's New Drive to Contain Euro Debt Fire May Still Fall Short – Bloomberg
GBPUSD: U.K.'s industrial production in November rose 0.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Making New Highs As It Awaits Trichet

Posted: 13 Jan 2011 04:54 AM PST

The ECB kept rates unchanged, bond auctions went well, and NY/London can not wait for Trichets comments and as a result, have taken the EURUSD to new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Central Bank Keeps Interest Rate At 1.00%

Posted: 13 Jan 2011 04:48 AM PST

Forex Pros – The European Central Bank kept its benchmark interest rate unchanged for the 20th consecutive month in January, it announced on Thursday.

The ECB said it was maintaining the benchmark interest rate at 1.00%, in a widely expected move.

ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day.

Following the announcement, the euro was up against the U.S. dollar, with EUR/USD climbing 0.31% to hit 1.3170.

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

Forex – GBP/USD Hits Fresh 1-month High As BoE Holds Steady

Posted: 13 Jan 2011 04:24 AM PST

Forex Pros –The pound erased losses against the U.S. dollar on Thursday, advancing to a fresh one month high after the Bank of England made no changes to current monetary policy.

GBP/USD hit 1.5792, during European early afternoon trade, the pair's highest since December 14; the pair subsequently consolidated at 1.5789, gaining 0.16%.

Cable was likely to find support at 1.5719, the days low and resistance at 1.591, the high of December 14.

The BoE kept its benchmark interest rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of England Maintains Benchmark Interest Rate At 0.50%

Posted: 13 Jan 2011 04:04 AM PST

Forex Pros – The Bank of England kept its benchmark interest rate unchanged for the 22nd consecutive month in January, it announced on Thursday.

The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.

The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion in January.

The minutes of the meeting of the bank's monetary policy committee will be published on Wednesday, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Russell Plans Acquisition Of Active ETF Provider U.S. One

Posted: 13 Jan 2011 04:00 AM PST

Russell Investments has announced that is intending to acquire U.S. One Inc., a provider of actively-managed ETFs in the US and the advisor behind One Fund (ONEF: 28.325 0.00%), an active equity ETF with $11.4 million in assets. According to Jim Polisson, Managing Director of Russell's global ETF business, "The acquisition of U.S. One provides Russell with a platform to play a unique role in this dynamic and fast moving growth arena. By acquiring U.S. One, we can more immediately leverage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As Rates, Jobless Claims Eyed

Posted: 13 Jan 2011 03:54 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, ahead of interest rate announcements by the European Central Bank and the Bank of England and as investor's awaited U.S. employment data.

During European late morning trade, the greenback was down slightly against the euro, with EUR/USD easing up 0.09% to hit 1.3141.

Earlier Thursday, Spain sold the maximum targeted amount of five year bonds amid strong demand in its first debt auction of the year.

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

Our ‘Walking Pneumonia’ Economy

Posted: 13 Jan 2011 03:44 AM PST

Sense on Cents Hall of Famer Rick Davis of Consumer Metrics Institute provides fabulous insights on our "walking pneumonia" economy. Rick writes:

2010 was a year that contained a number of disappointments. First and foremost, at a macro level the economy was not growing as quickly as we should expect after more than a year of "official" recovery. But frankly, our greatest disappointment was how the most commonly reported measures of the tepid recovery began to diverge significantly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Trims Gains Ahead Of ECB Rate Decision

Posted: 13 Jan 2011 03:42 AM PST

Forex Pros – The euro trimmed gains against the Swiss franc on Thursday, easing back from a one month high ahead of the European Central Bank's benchmark interest rate announcement.

EUR/CHF retreated from 1.2836, the pair's highest since December 16, to hit 1.2785 during European late morning trade, gaining 0.71%.

The pair was likely to find support at 1.2683, the daily low and resistance at 1.2868, the high of December 16.

The franc's earlier losses came after Swiss National Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits Fresh 4-day High After Spanish Treasury Auction

Posted: 13 Jan 2011 02:57 AM PST

Forex Pros – The euro hit a fresh four day high against sterling on Thursday, after Spain sold the maximum targeted amount of five year bonds amid strong demand in its first debt auction of the year.

EUR/GBP hit 0.8359 during European morning trade, the pair's highest since January 7; the pair subsequently consolidated at 0.8343, gaining 0.18%.

The pair was likely to find support at 0.8299, Wednesday's low and resistance at 0.8425, the high of December 7.

The Bank of Spain said the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits 5-day High After Strong Spain Debt Auction

Posted: 13 Jan 2011 02:38 AM PST

Forex Pros – The euro erased early losses against the U.S. dollar on Thursday, edging up to a five day high after an auction of Spanish government debt attracted strong demand.

EUR/USD clawed up from 1.3089, the daily low to hit 1.3146 during European morning trade, gaining 0.12%.

The pair was likely to find support at 1.2961, Wednesday's low and resistance at 1.3324, the high of January 5.

Spain sold the maximum targeted amount of EUR3 billion of five year bonds in its first debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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