DailyMarkets.com - Why The Gold “Trade” Will Only Become Larger And Stronger |
- Why The Gold “Trade” Will Only Become Larger And Stronger
- Flooding Curbs Peabody Outlook
- Bristol-Myers Inks Deal
- Forex – EUR/USD Up During The U.S. Session
- Stryker Rises On Buoyant View
- Accenture: Good Start To The Year
- KB Home’s Lackluster 4Q
- “Overall Focus Is On Bonds…it’s A Bond Week”
- Wynn Resorts Upped To Outperform
- Forex – AUD/USD Down During The U.S. Session
- Euro Rises On Japan Bond Purchase
- Genworth Bulls Abound As Shares Rally
- InTEST (INTT) Revises Guidance Upward
- Auxilium’s Prelim Results Impress
- Morgan Vends PDT: Boon Or Bane?
- Intel-NVIDIA Deal A Win-Win
- Cyclical Sector Overview
- Forex – NZD/USD Down During The U.S. Session
- European Markets Close Higher; Dax Up 1.23%
- Central Bank Of Armenia Holds Benchmark Rate At 7.25%
- N.D. Tops 350,000 Bbls/Day, Could Double By 2015
- Bank Of Angola Cuts Overnight Lending Rate 50bps To 17%
- Crude Rises Above $90
| Why The Gold “Trade” Will Only Become Larger And Stronger Posted: 11 Jan 2011 11:56 AM PST Yesterday I came across a clip from one of the business channels. The discussion was about "king dollar" and Gold. (The king dollar probably gives it away). Anyway, one of the guests quipped, "I'm on record that Gold is a dumb trade. It is rising based on fear and confusion and when that subsides, the Gold trade ends." First of all, Gold has been rising for ten years. It went down the twenty years prior. It is now in a structural bull market. This fact cannot be … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Flooding Curbs Peabody Outlook Posted: 11 Jan 2011 11:35 AM PST Coal miner Peabody Energy Corporation (NYSE:BTU) cut its 2010 earnings forecast due to heavy rains and flooding in Australia. Notably, Australia accounts for nearly one-third of the company's net revenue. Peabody Energy is scheduled to report its full-year 2010 results on January 25, 2011.
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| Posted: 11 Jan 2011 11:35 AM PST Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a deal with Pharmasset, Inc. (NASDAQ:VRUS), a clinical-stage pharmaceutical company, to develop a combination of two candidates, Bristol-Myers' BMS-790052 and Pharmasset's PSI-7977, for treating patients suffering from the hepatitis C virus (HCV). Both candidates are currently undergoing mid-stage studies.
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| Forex – EUR/USD Up During The U.S. Session Posted: 11 Jan 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.2957, up 0.04% at time of writing. The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3171, Thursday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8302 and EUR/JPY rising 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Jan 2011 11:05 AM PST Shares of orthopedic devices major Stryker (NYSE:SYK) rose following the company's upbeat guidance and encouraging fourth-quarter fiscal 2010 revenues, which topped Street expectations. The company is slated to release final results for the quarter and fiscal 2010 on January 25, 2011.
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| Accenture: Good Start To The Year Posted: 11 Jan 2011 11:05 AM PST Technology outsourcing and consulting service provider Accenture plc (NYSE:ACN) has kick-started the new year with yet another acquisition. Recently, it completed the acquisition of Germany-based customer relationship management (CRM) and mobility software provider CAS Computer AG. Financial terms of the deal were not disclosed.
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| Posted: 11 Jan 2011 11:05 AM PST KB Home (NYSE:KBH) reported a net income of $17.4 million, or 23 cents per share in its fourth quarter ended November 30, 2010, substantially down from $100.7 million or $1.31 per share in the year-ago quarter. The year-over-year drop was due to lower housing and land sale revenues, which offset higher margins and lower selling, general and administrative expenses.
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| “Overall Focus Is On Bonds…it’s A Bond Week” Posted: 11 Jan 2011 10:40 AM PST 01/11/11 Sunrise Securities’ Ben Willis discusses Portugal’s upcoming debt auction, and the beginning of the earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Wynn Resorts Upped To Outperform Posted: 11 Jan 2011 10:35 AM PST We are upgrading our rating on Wynn Resorts, Limited (NASDAQ:WYNN) — a developer and operator of high-end hotels and casinos in Las Vegas and Macau — to Outperform from Neutral.
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| Forex – AUD/USD Down During The U.S. Session Posted: 11 Jan 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9866, down 0.90% at time of writing. The pair was likely to find support at 0.9821, today's low, and resistance at 1.0015, Thursday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.01% to hit 1.3142 and AUD/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Rises On Japan Bond Purchase Posted: 11 Jan 2011 10:14 AM PST 01/11/11 The euro has continued its rise this session against the yen after Japan supported buying eurozone bonds to support … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Genworth Bulls Abound As Shares Rally Posted: 11 Jan 2011 10:13 AM PST Genworth bulls abound as shares rally
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| InTEST (INTT) Revises Guidance Upward Posted: 11 Jan 2011 10:05 AM PST Ken Nagy, CFA inTEST (INTT) Revises Guidance Upward Yesterday after the market close inTEST provided an update to the Company’s outlook for the 2010 fourth quarter. The firm revised up net revenue, bookings and pre-tax income for the fourth quarter 2010. Net revenue for the fourth quarter is now expected to be approximately $10.0 million. (Originally $8.8 million to $9.5 million)
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| Auxilium’s Prelim Results Impress Posted: 11 Jan 2011 10:05 AM PST Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) shares gained almost 16% with the company reporting better-than-expected preliminary revenue results for the fourth quarter of 2010. The company said that preliminary fourth quarter revenues increased 28.7% year-over-year to $61.8 million, $4.8 million above the Zacks Consensus Estimate. Full year preliminary revenues were $211.4 million, up 28.9% year-over-year, well above the Zacks Consensus Estimate of $206 million.
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| Morgan Vends PDT: Boon Or Bane? Posted: 11 Jan 2011 10:05 AM PST As part of its effort to comply with the financial regulations, Morgan Stanley (NYSE:MS) is planning to spin off its proprietary trading business – Process Driven Trading (PDT) – by the end of 2012. Announcing the divesture on Monday, the company stated that the unit would be turned into an independent firm which will be known as PDT Advisers.
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| Posted: 11 Jan 2011 10:05 AM PST Intel Corp (NASDAQ:INTC) and NVIDIA Corp (NASDAQ:NVDA) have at last come to a settlement regarding the legal disputes between them. The two companies have released each other from all previous claims and agreed to cross license some technologies, the whole thing costing Intel $1.5 billion.
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| Posted: 11 Jan 2011 10:05 AM PST In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual Earnings Growth or P/E, it can be hard to get an overall picture of a given economic sector. In these posts I will try to rectify that. Since there is a lot to write about in each sector, I will cover four sectors in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down During The U.S. Session Posted: 11 Jan 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7594, down 0.54% at time of writing. The pair was likely to find support at 0.7552, Thursday's low, and resistance at 0.7647, Monday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.26% to hit 1.3005 and EUR/NZD rising 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 1.23% Posted: 11 Jan 2011 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 1.23%, London's FTSE 100 gained 0.97%, France's CAC 40 climbed 1.58% and the EURO STOXX 50 was up 1.29%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.53%; the S&P 500 index gained 0.57%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Central Bank Of Armenia Holds Benchmark Rate At 7.25% Posted: 11 Jan 2011 09:26 AM PST The Central Bank of Armenia announced it would leave its benchmark refinancing rate unchanged at 7.25%, as it weighs a slow recovery in aggregate demand with rising inflationary pressures. Armenia has seen rising inflation; driven by a surge in food and energy commodity prices. December inflation was recorded at 9.4% vs 7.5% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| N.D. Tops 350,000 Bbls/Day, Could Double By 2015 Posted: 11 Jan 2011 09:23 AM PST North Dakota pumped another record amount of oil in November, at an average daily rate of 355,038 barrels, which is double the amount of oil produced as recently as the summer of 2008, and 44% higher than a year ago (data here). Experts predict that production could double to 700,000 barrels per day within four to seven years in the Peace Garden State, which would put North Dakota ahead of both Alaska and California, and second only to Texas in oil production for American … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bank Of Angola Cuts Overnight Lending Rate 50bps To 17% Posted: 11 Jan 2011 09:21 AM PST The Banco Nacional de Angola reduced the overnight lending rate by 50 basis points to 17.00%. This follows its previous move where it also cut the rate 50 basis points to 17.50% on the 5th of January. Inflation in Angola was last reported as 16% … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 11 Jan 2011 03:31 AM PST 01/11/11 Monday’s Alaskan pipeline shutdown teamed with optimism that the recovering US economy will boost energy demand has paved the way for another session of gains in crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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