Friday, January 21, 2011

DailyMarkets.com - Tax China To Fix Our Problems? Trump Says YES!

DailyMarkets.com - Tax China To Fix Our Problems? Trump Says YES!


Tax China To Fix Our Problems? Trump Says YES!

Posted: 21 Jan 2011 03:30 AM PST

Donald Trump seems to have a solution to many of our problems. Tax China's imports to us until they play fair.  He makes some great arguments on the Kudlow Report but, it will surely have some short-term pain for some US companies that rely on these imports.  However, no matter what choice we make, we will have pain and it appears to me that America desperately needs to export more without devaluing our currency to do so.  This would require taxing China to ensure they fairly value … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Oil To $150? Believe It!

Posted: 21 Jan 2011 03:20 AM PST

Dan Dicker, energy guru over on the street.com, explains why crude oil and natural gas could be reaching record highs soon enough.  Usually, I will give my thoughts on the matter but, Dicker says it all below.  I have been very bullish on oil and other commodities but, this concerns me for our economy.  This is very concerning to me since I care about our economic recovery yet, great for commodity-related stocks.

Dicker explains:
In my upcoming book, Oil's Endless Bid, due out … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The European Session

Posted: 21 Jan 2011 03:00 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9873, up 0.03% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0078, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.38% to hit 1.3703 and AUD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The European Session

Posted: 21 Jan 2011 02:20 AM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9635, down 0.40% at time of writing.

The pair was likely to find support at 0.9522, Wednesday's low, and resistance at 0.9688, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.45% to hit 1.3534 and USD/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down On Economic Data

Posted: 21 Jan 2011 01:45 AM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Retail Sales.

GBP/USD was trading at 1.5879, down 0.11% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected to a seasonally adjusted -0.80% last month, from 0.40% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.K. Retail Sales Fall More-than-expected

Posted: 21 Jan 2011 01:40 AM PST

Retail sales in the U.K. fell more-than-expected last month, official data showed on Friday.

In a report, U.K. Office for National Statistics said that retail sales fell to -0.80%, from 0.40% in the preceding month whose figure was revised up from 0.30%.

Analysts had expected retail sales to fall -0.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During The European Session

Posted: 21 Jan 2011 01:30 AM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 82.80, down 0.24% at time of writing.

The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.53% to hit 1.3544 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


German Ifo Business Climate Rises More-than-expected

Posted: 21 Jan 2011 01:10 AM PST

Germany's Ifo business climate rose more-than-expected last month, data showed on Friday.

In a report, the Ifo Institute for Economic Research said its index of German business climate rose to 110.30, from 109.90 in the preceding month .

Analysts had expected the index to rise to 110.10 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up On Economic Data

Posted: 21 Jan 2011 01:10 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index.

EUR/USD was trading at 1.3547, up 0.55% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3565, today's high.

Earlier in the day, data showed that Germany's Ifo business climate rose more-than-expected to 110.30 last month, from 109.90 in the preceding month.

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


Forex – EUR/USD Up During The European Session

Posted: 21 Jan 2011 12:55 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3551, up 0.58% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3556, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8508 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The European Session

Posted: 21 Jan 2011 12:10 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5940, up 0.27% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8499 and GBP/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Wynn Resorts, Ltd. (WYNN)

Posted: 20 Jan 2011 11:05 PM PST

Wynn Resorts (NASDAQ:WYNN) third quarter 2010 earnings were below the Zacks Consensus Estimate, but results improved on a year-over-year basis primarily driven by higher-than-expected top-line growth. With the global economy showing gradual recovery, the company is experiencing an increase in demand.
Its Las Vegas business is also rebounding with Increased room rates and conventional bookings. Additionally, with strong momentum in Macau we expect the earnings of the company to increase, going … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: NewMarket Corp.

Posted: 20 Jan 2011 11:05 PM PST

NewMarket Corp (NYSE:NEU) carried its momentum into the third quarter and delivered a 5% positive earnings surprise on solid revenue growth.
Estimates continue to climb as the economy improves and NewMarket outperforms expectations. Valuation is cheap, too, with a PEG ratio of just 0.6.
It is a Zacks #2 Rank (Buy) stock.
Third Quarter Results
NewMarket reported third quarter earnings per share of $3.41, beating the Zacks Consensus Estimate by 5%.
Total revenue increased 12.9% over the same quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: O'Reilly Automotive, Inc.

Posted: 20 Jan 2011 11:05 PM PST

O’Reilly Automotive, Inc. (NASDAQ:ORLY) continues to trade within striking distance of its multi-year high at $63.05 in spite of a small pull back over the last few weeks. But with estimates on the rise and a bullish growth projection, this Zacks #2 rank stock provides the right parts for a momentum upgrade.
Our last update on O’Reilly came in late October when the company reported strong Q3 results that came in well ahead of expectations.
Third-Quarter Results
Revenue for the period was up 13% from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: SUPERVALU Inc. (SVU)

Posted: 20 Jan 2011 11:05 PM PST

SUPERVALU Inc. (NYSE:SVU) reported lower-than-expected earnings of $0.24 per share in the third quarter of fiscal 2010. Earnings declined 52.9% year-over-year and were 22.6% lower than the Zacks Consensus Estimate of $0.31.
Net sales for the quarter declined 5.9% year-over-year to $8,673 million, primarily because of declines in the retail food segment and supply chain services segment. Therefore, the company lowered its guidance for fiscal 2011.
Furthermore, intense competition in the retail food … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: AutoNation, Inc

Posted: 20 Jan 2011 11:05 PM PST

AutoNation, Inc. (NYSE:AN) analysts are expecting fantastic growth rates over the next few years. Even though shares have rallied to the highest levels in 10 years, shares for this Zacks #2 Rank (Buy) are still trading at a great value.
Company Description
AutoNation, Inc. owns about 250 automotive retail locations. The company sells new and used cars in addition to providing services, financing, body work etc.
Double-Digit Sales Growth
On Jan 11 AutoNation announced December sales figures that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Close Lower; Nikkei Down 1.56%

Posted: 20 Jan 2011 11:00 PM PST

Forex Pros – Asian stocks were down after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index fell 1.56%, Australia's S&P/ASX 200 index shed 0.59%, while Hong Kong's Hang Seng Index was trading 0.45% down.

Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.13%, S&P 500 futures pointed to a decrease of 0.10% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USD/JPY Tests 200 Hour MAVG

Posted: 20 Jan 2011 10:42 PM PST

Some selling in the USD/JPY brought the pair lower, but it rebounded after touching the 200 hour moving average at the session low of 82.743. Bullish movement may see the pair re-visit the 83 handle, but continued selling may see it continue to the 38.2% line at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The Asian Session

Posted: 20 Jan 2011 10:20 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3486, up 0.10% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8476 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The Asian Session

Posted: 20 Jan 2011 09:55 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5898, up 0.001% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8474 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up During The Asian Session

Posted: 20 Jan 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.3047, up 0.10% at time of writing.

The pair was likely to find support at 1.2774, Tuesday's low, and resistance at 1.3047, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3487 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CapitaCommercial Trust FY2010 Result

Posted: 20 Jan 2011 09:13 PM PST

CapitaCommercial Trust (CCT) is Singapore's first commercial real estate investment trust (REIT) listed on the SGX exchange, and is currently one of my favourite counter for dividend play. CCT owns 9 quality commercial buildings in the Central Area of Singapore. In addition, CCT has a 30% stake in Quill Capita Trust, a commercial REIT listed on Bursa Malaysia Securities Berhad that owns commercial properties in Malaysia. CCT also has a 7.4% stake in Malaysia Commercial Development … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Falls On China Rate Hike Fears, Gold Plunges Below Support

Posted: 20 Jan 2011 08:51 PM PST

Commodities – Energy
Crude Oil Falls on China Rate Hike Fears
Crude Oil (WTI) – $89.73 // $0.87 // 0.98%
Commentary: WTI fell $2, or 2.2% to settle at $88.86 and Brent fell $1.58, or 1.61%, to settle at $96.58 on Thursday. The theme for the day was China rate hike fears after GDP figures for the fourth quarter came out better than expected. The Chinese economy grew 9.8% in the quarter, much better than the 9.4% expected.
Obviously, all else equal, a robust Chinese economy is a bullish factor … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The Asian Session

Posted: 20 Jan 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9668, down 0.06% at time of writing.

The pair was likely to find support at 0.9522, Wednesday's low, and resistance at 0.9688, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.14% to hit 1.3493 and USD/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Morgan Stanley Stands Tall

Posted: 20 Jan 2011 08:35 PM PST

Morgan Stanley's (NYSE:MS) fourth quarter earnings from continuing operationscame in at 43 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. This represents Morgan Stanley's sixth consecutive quarter of income from continuing operations, post economic crisis. Results also compare favorably with earnings from continuing operations of 18 cents in the year-ago quarter.
Earnings for the reported quarter included negative revenue of 36 cents related to Morgan Stanley's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 20 Jan 2011 08:20 PM PST

Forex Pros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8480, up 0.05% at time of writing.

The pair was likely to find support at 0.8332, Tuesday's low, and resistance at 0.8483, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3503 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During The Asian Session

Posted: 20 Jan 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 82.94, down 0.08% at time of writing.

The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3500 and GBP/USD rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Is AUD/NZD Turning Bullish Again?

Posted: 20 Jan 2011 07:12 PM PST

AUD/NZD

- We have been following the AUD/NZD, the latest article being AUD/NZD at the Crossroads Looking at a Possible Correction Rally (1/18/2011). The market did continue to rally, so let's first take a step back and look at the higher time-frames.
- The weekly shows the market in a bullish mode, but also very choppy. The RSI showed a bearish divergence, but as the RSI made a lower low, price level did not, suggesting there is still bullish momentum left. This week's candle (if … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The Asian Session

Posted: 20 Jan 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9958, down 0.15% at time of writing.

The pair was likely to find support at 0.9838, Tuesday's low, and resistance at 1.0031, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.29% to hit 1.3512 and GBP/USD rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During The Asian Session

Posted: 20 Jan 2011 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9851, down 0.19% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0078, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.19% to hit 1.3678 and AUD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ETF Daily News Update: A Whiff Of Smoke In A Crowded Theatre (TLT, FXI, DBA, GOOG, AMD)

Posted: 20 Jan 2011 06:16 PM PST

The unmistakable smell of inflationary smoke wafted across world markets today as inflationary numbers sprang up in economic reports and global bond markets, spooking investors across the globe. 
Starting in China, the red hot economy grew 9.8% in the 4th Quarter, faster than expected, and registered a 4.6% inflation rate, prompting fears of further tightening measures to slow growth and rising prices in that country. 
The Shanghai Composite (SSEC) (FXI) continues to respond, dropping … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pivot Points And Sell-Fulfilling Prophesies

Posted: 20 Jan 2011 05:37 PM PST

Humans are habitual animals and perhaps investors are some of the most habitual of all humans. For example, we’ve become so accustomed since Labor Day to the market going higher that whenever it takes a couple of days off and retreats we start getting common withdrawal symptoms.
I guess it doesn’t help much knowing that as since it has moved moved higher so consistently and rapidly, the market is edging ever closer to a zone (1300-1350) that has seen six pivots since 1999. As a matter of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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