Thursday, January 27, 2011

DailyMarkets.com - Review Of Capital One Platinum Prestige Credit Card: Save Money With Low Interest Rates & No Annual Fee

DailyMarkets.com - Review Of Capital One Platinum Prestige Credit Card: Save Money With Low Interest Rates & No Annual Fee

Review Of Capital One Platinum Prestige Credit Card: Save Money With Low Interest Rates & No Annual Fee

Posted: 27 Jan 2011 07:35 AM PST

The Capital One Platinum Prestige Credit Card, issued by Capital One Financial (NYSE:COF), has one of the lowest ongoing interest rates with 0% introductory APR among credit cards in the U.S. This low interest credit card is designed for people with good to excellent credit score who want to save money and enjoy other benefits that come with a Platinum MasterCard (NYSE:MA).

Here I'll do a detailed review of the Capital One Platinum Prestige Credit Card, one of the best low interest credit cards, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bond Range Continues

Posted: 27 Jan 2011 07:18 AM PST

Today’s Idea
Bonds may continue to trade range bound due to mixed economic indicators. There does seem to be a slight bias toward the downside, given the fact that many commodities continue to push higher. Some traders may wish to consider taking on a bear call spread by buying the March Bond 124 calls and selling the March 123 calls for a 0-16, or $250, premium to the sell side. The max profit on the trade would be the initial credit, and the total risk would be $1,750.
Fundamentals
The Fed’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S Pending Home Sales Jump More-than-expected In December

Posted: 27 Jan 2011 07:05 AM PST

Forex Pros – Pending home sales in the U.S. jumped more-than-expected in December, official data showed on Thursday.

In a report, the National Association of Realtors said its pending home sales index rose by 2.0% in December, after increasing by 3.1% in November, whose figure was revised down from 3.5%.

Analysts had expected the pending home sales index to rise by 0.8% in December.

Year-on-year, the National Association of Realtors pending home sales index fell by 3.6% in December, after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Thursday: Starbucks, Nokia, Alcoa, Netflix, Qualcomm, Lennar, Standard Pacific, AstraZeneca

Posted: 27 Jan 2011 07:02 AM PST

U.S. stocks rose, sending the Dow above 12,000 for the first time since June 2008, after the Federal Reserve maintained stimulus measures and new-home sales topped projections. Lennar (NYSE:LEN) and Standard Pacific (NYSE:SPF) both rallied at least 2.1% while Alcoa (NYSE:AA) and Schlumberger advanced more than 2.2% as commodities prices climbed. Elsewhere DeVry., the owner of for-profit schools, jumped 13% after profit beat analysts' estimates. But Boeing Co. slumped 3.1% after forecasting 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks Below The 1.3743 Level

Posted: 27 Jan 2011 07:00 AM PST

The EURUSD fell below the 1.3743 level but has found support buyers against the 38.2% retracement of the days trading range. That level comes in at the 1.3711 level and the low come in at 1.3712. The corrective lows on an earlier move went to 1.3710.
On the topside, the move above 1.3743 should have been a bullish event but the high at the 1.3757 level formed a double top. Traders overall are likely to think the EURUSD is too high. Hence the selling on moves higher.
With the price below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Rise On Upbeat Earnings, Netflix; Dow Jones Up 0.10%

Posted: 27 Jan 2011 06:56 AM PST

Forex Pros – U.S. stocks were up after the open on Thursday, as strong corporate earnings reports outweighed disappointing data on initial jobless claims.

During early U.S. trade, the Dow Jones Industrial Average was up 0.10%, the S&P 500 index climbed 0.19%, while the Nasdaq Composite index jumped 0.58%.

Earlier in the day, U.S. Department of Labor said that the number of people who filed for unemployment assistance in the U.S. last week rose more-than-expected, climbing to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cooper Matches Estimates

Posted: 27 Jan 2011 06:36 AM PST

Cooper Industries plc (NYSE:CBE) reported fourth quarter 2010 earnings per share from continuing operations of 85 cents, in line with the Zacks Consensus Estimate. Earnings in the quarter increased by 12% year over year.
For 2010, earnings per share were $3.20, an increase of 30.1% year over year. Earnings for the year were also in line with the Zacks Consensus Estimate.
Revenue
Total revenue in the quarter was $1.26 billion, representing a year-over-year increase of 14.1%, driven by strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Danaher Corp. Matches Estimates

Posted: 27 Jan 2011 06:36 AM PST

Danaher Corporation (NYSE:DHR) reported fourth quarter 2010 earnings from continuing operations of 66 cents per share, excluding one-time income tax gains. This matches the Zacks Consensus Estimate.
Revenues for the quarter were $3.6 billion, 15% higher than the $3.1 billion reported for the corresponding prior-year quarter.  Core revenue growth was 13% on a year-over-year basis. Revenues were higher than the Zacks Consensus Revenue Estimate of $3.49 billion.
Gross margin was 50.9% in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Trims Gains After Weak U.S. Jobs, Durables Data

Posted: 27 Jan 2011 06:21 AM PST

Forex Pros – The U.S. dollar trimmed gains against its Canadian counterpart on Thursday, following the release of worse-than-expected U.S. data on initial jobless claims and durable goods orders.

USD/CAD retreated from 0.9987, the pair's highest since Tuesday, to hit 0.9946 during European afternoon trade, up 0.06%.

The pair was likely to find support at 0.9911, Tuesday's low and resistance at 1.0003, Tuesday's high.

The U.S. Department of Labor said that the number of people who … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Capped By A Negative Trend Line

Posted: 27 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: 27 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: The Downside Prevails

Posted: 27 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: Under Pressure

Posted: 27 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

Bank Negara Malaysia Holds Rate At 2.75%

Posted: 27 Jan 2011 06:09 AM PST

Bank Negara Malaysia held its key monetary policy rate, the Overnight Policy Rate (OPR), at 2.75 percent. The Bank noted that inflation increased through 2010, driven by rising commodity prices, registering at 2.2% for the year. The Bank sees inflation rising at a ‘modest pace’ through 2011, driven by rising food and energy prices, but mostly as a result of supply factors, rather than excess demand. The Bank also acknowledged that a ‘a build up of liquidity’ may need to be addressed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SK Telecom’s Profit Climbs

Posted: 27 Jan 2011 06:07 AM PST

SK Telecom Corp. Ltd. (NYSE:SKM), a leading South Korean telecom operator, declared fourth quarter and fiscal 2010 results. Net income shot up 48% year over year to KRW 361.4 billion ($318 million) in the fourth quarter attributable to a healthy growth in smartphone subscribers. Fiscal 2010 net income grew 9.5% year over year to KRW 1.41 trillion ($1.23 billion).
Revenues
Revenues spiked 2.3% year over year to KRW 3.172 trillion ($2.79 billion) in the reported quarter. Total cellular service … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong 4Q For Netflix

Posted: 27 Jan 2011 06:07 AM PST

Netflix Inc. (NASDAQ:NFLX) reported strong fourth quarter 2010 earnings of 87 cents per share that handily surpassed the Zacks Consensus Estimate of 71 cents. Netflix posted strong revenue growth based on robust net subscriber additions. Shares were up $19.07 (10.42%) in after hours trading.
Operating Performance
Earnings per share were 87 cents in the fourth quarter, up 55.4% year over year and 24.3% sequentially.
In fiscal 2010, earnings increased 49.5% year over year to $2.96 per share, beating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EIA: Crude Supplies Jump Further

Posted: 27 Jan 2011 06:07 AM PST

The U.S. Energy Department’s weekly inventory release showed a steep build in crude and gasoline stockpiles, while refinery run-rates decreased from the previous week. The agency's report further added that distillate supplies logged a smaller-than-expected decline.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on Friday – outlines information regarding the weekly change in petroleum inventories held and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Pares Gains After Poor U.S. Jobs, Durables Data

Posted: 27 Jan 2011 05:59 AM PST

Forex Pros – The U.S. dollar pared gains against the yen on Thursday, following the release of worse-than-expected U.S. data on initial jobless claims and durable goods orders.

USD/JPY retreated from 83.2, the pair's highest since January 12, to hit 82.81 during European afternoon trade, gaining 0.8%.

The pair was likely to find support at 82.01, the day's low and resistance at 83.45, the high of January 12.

The U.S. Department of Labor said that the number of people who filed for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Torn At These Levels.

Posted: 27 Jan 2011 05:58 AM PST

1.3743 is the 61.8% retracement. High for the day finds profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Initial Jobless Claims Rise More-than-expected

Posted: 27 Jan 2011 05:42 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose more-than-expected, 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 22 jumped to a seasonally adjusted 454K, after falling to 403K in the preceding week, whose figure was revised down from 404K.

Analysts had expected initial jobless claims to rise to 408K in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Blockbuster 1Q11 For Qualcomm

Posted: 27 Jan 2011 05:39 AM PST

Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm Inc. (NASDAQ:QCOM) reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35% sequentially,  suggesting the strength of operating efficiency of Qualcomm. The company's state-of-the-art Snapdragon platform and product diversification make management more confident about fiscal 2011 prompting a financial outlook that beats the current Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tractor Prospers On Top-Line Growth

Posted: 27 Jan 2011 05:39 AM PST

Tractor Supply Co. (TSCO ) , a leading retail firm and ranch store brand, recorded another quarter of good growth. Earnings per share in the fourth quarter of fiscal 2010 came in at 67 cents a share, breezing past the Zacks Consensus Estimate of 37 cents a share as well as the prior-year earnings of 62 cents per share.
For the fiscal 2010, the company reported earnings per share of $2.25 outpacing the Zacks Consensus Estimate of $2.20 and the prior-year figure of $1.63 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Core Durable Goods Orders Rise Less-than-expected In December

Posted: 27 Jan 2011 05:38 AM PST

Forex Pros – U.S. core durable goods orders rose less-than-expected in December, official data showed on Thursday.

In a report, the U.S. Census Bureau said core durable goods orders rose by a seasonally adjusted 0.5% in December, after rising by 4.5% in November, whose figure was revised up from 2.4%.

Analysts had expected core durable goods orders to rise by 0.6% in December.

The report also showed that durable goods orders, which include transportation items, tumbled unexpectedly in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Much Do We Trust Our Banks, Media, And Government? NOT MUCH!

Posted: 27 Jan 2011 05:26 AM PST

If you do not trust somebody, how can you do business with them?
Why are banks, the media, and our government finding it so difficult to get things done and grow their footprint and influence with American consumers? To an ever increasing extent, Americans do not trust our banks, our media, and our government. Why is that? Americans know and feel that these industries and bodies have violated their trust. Once, twice, multiple times burned, Americans are now not so quick to trust. Can you blame … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Euro Zone Economic Confidence Falls In January, Focus Shifts To U.S. Durable Goods Orders

Posted: 27 Jan 2011 05:00 AM PST

Fundamental Headlines
• Rising Price Pressures Spur Concerns – Wall Street Journal
• S&P Cuts Japan rating as Budget Woes Linger – Wall Street Journal
• Yen Slumps After S&P Cuts Japan Rating – Financial Times
• European Economic Confidence Holds Near Three Year Peak – Bloomberg
• U.K. January Home Prices Fall on Drop in Demand, Hometrack Says – Bloomberg
EURUSD: Eurozone economic confidence in January fell to 106.5 from a revised 106.6 the month prior amid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver Offer Bearish Negative Reversal Signals

Posted: 27 Jan 2011 04:59 AM PST

Previous Post on gold and silver (1/26): Gold and Silver Dig at Support Levels Further
Gold (XAU/USD)
- The bearish scenario did not pan out as we anticipated yesterday, but the rally yesterday failed to even test the 1355 level, a break above which would suggest a possible end to the current decline.
- Instead the market failed to break even test the high from the previous consolidation zone. The 4H chart shows the RSI making a new high, but price failing to do so.
- This suggests another … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher Vs. Rivals As U.S. Data Eyed

Posted: 27 Jan 2011 04:50 AM PST

Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Thursday, amid choppy trade ahead of the release of a flurry of U.S. economic data.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD edging up 0.05% to hit 1.3719.

Earlier in the day, European Central Bank policymaker Lorenzo Bini Smaghi warned that an expected rise in imported goods inflation could not be ignored, adding to speculation over a near-term ECB interest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Thursday: Starbucks, Qualcomm, Symantec, Citrix Systems, HSBC, BP, GlaxoSmithKline, Deutsche Bank, Novartis, Astrazeneca

Posted: 27 Jan 2011 04:26 AM PST

HSBC (NYSE:HBC) – Co. is said to be the UK bank involved in US tax conspiracy case. (Sources)

UK

BP (NYSE:BP) – Co. agreed with Russia's Rosneft to expand their strategic alliance beyond a share swap. Co.'s Chief Executive says the pair would work together on projects in the European refining sector and upstream projects in third world countries. (RTRS)

GlaxoSmithKline (NYSE:GSK) – US health regulators declined to approve Co.'s Avodart enlarged prostate drug for reducing the risk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY – Another Crack At The Bullish Attempt From 82.00 To 84.50

Posted: 27 Jan 2011 04:21 AM PST

USD/JPY

- The USD/JPY has been choppy, but looking at price action in the 4H chart, the pair looks ripe for a rally towards 84.50.
- The 82.00 level was 61.8% retracement and the market showed respect to this level witha sharp rebound here last 3 time it was being tested.
- Look for the market to break above the declining resistance.
- Otherwise, the market should stay in its current consolidation mode.Look for a declined to fail at breaking below 82.50. If the market gets close to this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Edges Higher, Still Supported By BOE Minutes

Posted: 27 Jan 2011 04:02 AM PST

Forex Pros – Sterling edged higher against the U.S. dollar on Thursday, as the currency continued to be supported by expectations of a near-term rate increase by the Bank of England.

GBP/USD hit 1.5963 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.596, gaining 0.17%.

Cable was likely to find support at 1.5768, Wednesday's low and resistance at 1.6016, Tuesday's high.

Earlier, the pound slipped lower against the dollar after ratings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Short-Only Fund From AdvisorShares Hits Markets

Posted: 27 Jan 2011 04:00 AM PST

The very first short-only actively-managed ETF is being launched by AdvisorShares today, January 27th, and it is called the Active Bear ETF (HDGE: 0.00 N/A). HDGE will be the sub-advised by Ranger Alternative Management, a Dallas-based investment manager that will implement a short-only, large-cap domestic equity investment strategy by utilizing a bottom-up, fundamental, research driven security selection process.
This Active ETF is the first of its kind given its strategy of developing a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Hits Fresh 10-week High After Sarkozy Comments

Posted: 27 Jan 2011 03:50 AM PST

Forex Pros – The euro erased losses against the U.S. dollar on Thursday, climbing to a fresh 10-week high after French President Nicolas Sarkozy said France and Germany were utterly determined to defend the single currency.

EUR/USD hit 1.3757 during European late morning trade, the pair's highest since November 22; the pair subsequently consolidated at 1.3733, gaining 0.1%.

The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3785, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Tumbles To 17-day Low After Japan Rating Downgrade

Posted: 27 Jan 2011 03:21 AM PST

Forex Pros – The U.S. dollar tumbled to a 17-day low against the Swiss franc on Thursday, after Standard & Poor's cut Japan's sovereign debt rating, fuelling demand for the safe haven franc.

USD/CHF hit 0.9391 during European morning trade, the pair's lowest since January 4; the pair subsequently consolidated at 0.9408, shedding 0.12%.

The pair was likely to find support at 0.9325, the low of January 4 and resistance at 0.9522, Tuesday's high.

Earlier Thursday, S&P lowered … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Britain’s CBI Realized Sales Fall More-than-expected In January

Posted: 27 Jan 2011 03:07 AM PST

Forex Pros – Retail sales in Britain fell more-than-expected in January, industry data showed on Thursday.

In a report, the Confederation of British Industry said the result of its index of U.K. retailers dropped to 37 in January, down from 56 in December.

Analysts had expected the index to decline to 39 in January.

On the index, a reading above zero indicates higher sales volume, below indicates lower. 

Commenting on the report, CBI Chief Economic Adviser Ian McCafferty said, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Pares Losses As Markets Remain Cautious

Posted: 27 Jan 2011 03:01 AM PST

Forex Pros – The New Zealand dollar trimmed losses against the U.S. dollar on Thursday, but gains were limited as markets remained cautious after Standard & Poor's cut Japan's sovereign credit rating.

NZD/USD clawed back up from 0.7627, the daily low, to hit 0.7713 during European morning trade, shedding 0.14%.

The pair was likely to find support at 0.764, Wednesday's low and resistance at 0.7786, the high of January 19.

Earlier Thursday, S&P downgraded Japan’s long-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Trims Losses But Remains Under Pressure

Posted: 27 Jan 2011 02:16 AM PST

Forex Pros – The Australian dollar trimmed losses against its U.S. counterpart on Thursday, but remained under pressure after a cut to Japan's sovereign debt rating sparked a broad rise in the greenback.

AUD/USD clawed back up from 0.9874, the pair's lowest since Monday, to hit 0.9913 during European morning trade, tumbling 0.76%.

The pair was likely to find support at 0.983, the low of January 20 and resistance at 1.0021, Monday's high.

Earlier Thursday, ratings agency Standard and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cobham Secures Middle East Deal To Supply Communications Systems

Posted: 26 Jan 2011 11:52 PM PST

FTSE 250 defence group Cobham (LON:COB) this morning reported that it will provide its military Vehicle Intercom System and Eagle Close Combat Radio to an undisclosed Middle East customer through two contracts totalling US$21 million (£13.2 million).

Integrating the Eagle Close Combat Radio with the Vehicle Intercoms allows dismounted soldiers to communicate with vehicle crews and remotely access the Combat Net Radio system. The Eagle Radio is designed as a short range squad radio and as a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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