Tuesday, January 18, 2011

DailyMarkets.com - Worst Investment You Can Make In 2011

DailyMarkets.com - Worst Investment You Can Make In 2011

Worst Investment You Can Make In 2011

Posted: 18 Jan 2011 09:53 AM PST

In each PROFIT CONFIDENTIAL editorial, we quote an older edition of this e-letter, usually an exact prediction I made and the forthcoming outcome. You'll find this daily in a section below entitled, "What He Said."

Today's "What He Said" paragraph is a quote from the summer of 2006, when I said that bonds were a buy. That prediction was quite timely. By the time the financial crisis hit in 2008, interest rates fell to zero and bonds enjoyed some of their best returns in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Earnings Season To Pick Up Steam

Posted: 18 Jan 2011 09:35 AM PST

Earnings Preview 1/18/11

This week, the fourth quarter earnings season really starts to get rolling. A total of 128 firms are due to report, including 50 S&P 500 firms. We define any fiscal period ending in November, December and January to be the fourth quarters.

By the end of the week we should have a reasonably good idea of how the fourth quarter earnings season will go. The firms reporting this week include several icons of U.S. business, including:  Apple (NASDAQ:AAPL), Google … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comp Valuations Warrant Higher Price Target

Posted: 18 Jan 2011 09:35 AM PST

Brian Marckx, CFA

Comp Valuations Warrant Higher Price Target
 
Outlook
We expect combined domestic and international sales of Chembio’s (CEMI) lateral flow products to come in about 9% higher in 2010 compared to 2009 as a result of a resurgence in sales in both Africa and the U.S. during Q3 and expected during Q4.  We model total revenue to grow 18.3% in 2010 and despite the spike in R&D expenses, Chembio should generate positive net income for the full year (we model … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Core Laboratories Boosts Dividend

Posted: 18 Jan 2011 09:35 AM PST

Oilfield services provider Core Laboratories N.V. (CLB) raised its quarterly cash dividend to 25 cents per share ($1.00 per share annually), partly reflecting a decision to continue with its practice of paying an annual special dividend into its quarterly payouts.
On an annualized basis, the new dividend – payable on February 25 to shareholders of record as on January 25, 2011 – represents a 12% hike compared to the total dividend of 89 cents per share paid in 2010 that comprised four 6 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi Lags Estimates, Shares Slide

Posted: 18 Jan 2011 09:35 AM PST

Citigroup Inc.'s (NYSE:C) fourth quarter 2010 earnings came in at 4 cents per share, lagging the Zacks Consensus Estimate of 8 cents. Full year 2010 earnings of 35 cents per share also fell short of the Zacks Consensus Estimate of 39 cents.
The lower-than-expected results were primarily due to a drop in revenues. Citi reported a decrease in both interest and non-interest revenues. The revenue figure includes a negative Credit Value Adjustment (CVA) of $1.1 billion that resulted from tightened … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Petrobras Reserves Up On Pre-Salt

Posted: 18 Jan 2011 09:35 AM PST

Brazil’s state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., has announced a surge in its oil and natural gas reserves in 2010, fueled by massive pre-salt finds in the country's offshore basins.
Per a regulatory filing made by the company, year-end proven reserves – based on the criteria of the Society of Petroleum Engineers – rose to approximately 15.986 billion barrels of oil equivalent in 2010, up 7.5% from 2009. Of the total, 15.283 billion barrels (or 96%) are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nokia Siemens Looses To China Gaint

Posted: 18 Jan 2011 09:35 AM PST

Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI) recently suffered a huge setback in the Nordic region. TeliaSonera AB, the pioneer telecom carrier in the world to install next-generation (4G) Long Term Evolution (LTE) wireless networks, has decided to replace all 2G and 3G network equipments it installed through Nokia Siemens Network in Norway with new infrastructures from LM Ericsson AB (NASDAQ:ERIC) and Huawei Technologies Co. Ltd.
The recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gabby Wp

Posted: 18 Jan 2011 09:14 AM PST

"Be careful of yourself," I told Gabby last March, after the front glass door and a window at her Tucson congressional office were shattered. The attack came the same evening — Sunday, March 21 — she and other House Democrats voted for the health care law.
She laughed. "I'm tougher than nails. Nothing's gonna stop me."
This week House Republicans have scheduled a vote to repeal that same health care law. Unfortunately Gabby won't be there to reaffirm her original vote. Ten … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EMC Unveils New Products

Posted: 18 Jan 2011 09:05 AM PST

A leading provider of information infrastructure solutions, EMC Corp (NYSE:EMC), recently unveiled a number of new products aimed at extending its lead in all major storage markets.
EMC released more than 40 new technologies and products catering to every sphere and category of its business.
VNX Family of Products
EMC unveiled EMC VNX family of products that scales from entry-level to datacenter-class systems. The VNX family is developed by putting together EMC CLARiiON storage area network (SAN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BSX Pins Hopes On Neuro (revised)

Posted: 18 Jan 2011 09:05 AM PST

Boston Scientific Corporation (NYSE:BSX) is currently in an acquisition spree, the latest being Boston based Intelect Medical for $78 million. Intellect is presently developing advanced neuromodulation technologies for deep brain stimulation (DBS) therapy. However, considering the company's current holding in Intelect, the total cash payment will sum up to around $60 million.

While the deal is not expected to have any meaningful impact through 2013, it should be accretive to the bottom line … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of European Session

Posted: 18 Jan 2011 09:00 AM PST

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

EUR/USD was trading at 1.3399, up 0.79% at time of writing.

The pair was likely to find support at 1.3089, Thursday's low, and resistance at 1.3466, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8375 and EUR/JPY rising 0.76% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Stocks: Stick With Juniors And Avoid Large Caps

Posted: 18 Jan 2011 08:47 AM PST

In covering the gold sector for my premium subscribers, I have noticed something lately. The large-caps really suck! Ok, that is harsh but it is the truth.

In the chart below I show the large-cap indices. What do you see?

The Dow Jones Precious Metals Index hasn't gone anywhere for five years, while Gold has more than doubled. The next two (the XAU and Market Vectors Gold Miners ETF (GDX)) are trading right at their 2008 peaks. Since then, I quickly calculate that Gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD: Time To Decide Which Way To Go

Posted: 18 Jan 2011 08:46 AM PST

The USDCAD broke above the 200 hour MA and the 38.2% retracement at the 0.9906 and 0.9911 levels respectively. The price moved up to test the next key level at te 0.9929 level but fell short – rising only to 0.9925. The price has reversed back down currently trades near the key support level – once again (at 0.9906-11).
The time has come for the market to decide what to do. Will it rotate back higher, getting through 0.9929. If it does the next target will be 0.9976 high from last week (it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Office Depot Balances Risk-Reward

Posted: 18 Jan 2011 08:35 AM PST

Office Depot Inc. (NYSE:ODP) is repositioning itself to remain afloat in a difficult consumer environment. The company is containing costs, closing underperforming stores, reducing exposure to higher dollar-value inventory items, shuttering non-critical distribution facilities and focusing on providing innovative products and services, which should all contribute to margin improvement.
Furthermore, the company has always been looking for growth opportunities to enhance its global footprint. Office … [visit site to read more] or compare Best Credit Cards and Best CD Rates

REGN’s Pipeline Advances

Posted: 18 Jan 2011 08:35 AM PST

Recently, Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) and partner Bayer (BAYRY) announced the commencement of a late-stage study (n~250), MYRROR, in conjunction with the Singapore Eye Research Institute (SERI).
The study is aimed at evaluating the safety and efficacy of its VEGF (vascular endothelial growth factor) trap-eye (aflibercept ophthalmic solution) therapy in patients suffering from choroidal neovascularisation (CNV) of the retina because of pathologic myopia.
The late-stage study is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble To Switch Rigs

Posted: 18 Jan 2011 08:35 AM PST

Noble Corporation (NYSE:NE) signed a memorandum of understanding (MoU) with Petroleo Brasileiro SA (PBR or Petrobas), to swap Noble Muravlenko with Noble Phoenix due to below par performance by the former.
Under the terms of the MoU, Noble Phoenix, currently under contract with Royal Dutch Shell Plc (RDS.A) in Southeast Asia, would be moved to Brazil to substitute Noble Muravlenko later this year. Noble expects an estimated non-cash impairment charge of $40 million, which will likely be included … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On TSS Despite FNMS Deal

Posted: 18 Jan 2011 08:31 AM PST

Yesterday, we reiterated our ‘Neutral’ recommendation on Total System Services Inc. (NYSE:TSS) given the company's penetration in the merchant acquiring services market, though partially subdued by a negative 2010 earnings outlook.
Besides, the ongoing market recovery is regaining the confidence of consumers, which in turn is fostering improved client activity. Consequently, TSS stands to gain from a recent spurt in total acquiring services. Early this month, TSS acquired the remaining 49% of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sunoco Ancillary Buys Coal Company

Posted: 18 Jan 2011 08:31 AM PST

Leading transportation fuel retailer Sunoco Inc. (SUN) announced that its subsidiary, SunCoke Energy, has acquired Virginia's Harold Keene Coal Co. along with its affiliated entities and related assets. Sunoco will pay approximately $40 million in cash, including working capital, for the acquisition.
The deal comprises two active underground mines and one active surface and high wall mine. Although the current output from the assets is about 250,000 to 300,000 tons of coal per year, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northrop Signs Coast Guard Deal

Posted: 18 Jan 2011 08:31 AM PST

Defense contractor Northrop Grumman Corporation (NYSE:NOC) won an $89 million contract from the U.S. Coast Guard. The contract has certain options that can increase the potential value of the contract to $94 million.
Under the contract, Northrop will supply long-lead materials for the fifth National Security Cutter (NSC) – the Legend-Class cutters. These Legend-Class cutters will replace the 378-ft Hamilton class High Endurance Cutters, which entered service during the 1960s. Northrop will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Capital Prices Shares

Posted: 18 Jan 2011 08:30 AM PST

American Capital Agency Corp. (NASDAQ:AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently priced the secondary offering of 23.4 million common shares at $28.00 each. The company has also granted the underwriters an option to purchase an additional 3.5 million shares to cover any over-allotments.
American Capital Agency expects to raise approximately $625 million in net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nasdaq Strength Priced In?

Posted: 18 Jan 2011 08:28 AM PST

Today’s Idea
The fundamentals driving the Nasdaq are unique to the companies that comprise the index. Consumers have been stingy with the exception of technology. However, the S&P and Nasdaq may converge. For this reason, some traders may wish to consider legging into a Nasdaq-S&P spread, selling the March E-mini Nasdaq and buying the March E-mini S&P. Traders may possibly want to look for this spread to narrow to 950 points.
Fundamentals
Nasdaq futures are lower this morning on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower As Euro And Pound Advance

Posted: 18 Jan 2011 08:09 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, with the euro and pound posting strong gains as U.S. markets resumed trading after a three day break.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.73% to hit 1.339.

Earlier Tuesday, the ZEW Centre for Economic Research said its index of German economic sentiment jumped to a six-month high in January.

The greenback was also down against sterling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Sovereign Woes Diminish

Posted: 18 Jan 2011 08:09 AM PST

Continued strength in a global rally for equities was further inspired in the Eurozone lifting the Stox Europe 600 index 1.1% to its highest since September 2008. Meetings between European ministers continue delivering further confidence in the outlook for the single currency as investors anticipate a positive outcome from official efforts to strengthen the Eurozone’s safety net. The euro rose towards a five-week high propelled also by an afterglow from last week’s suggestion from the ECB that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rally Continues On Debt Plan Optimism

Posted: 18 Jan 2011 08:05 AM PST

01/18/11 Growing beliefs that the EU’s plan to fight the debt crisis will succeed has helped pave the way for yet another rise for the higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Falls Below Key Levels And The Tide Turns

Posted: 18 Jan 2011 08:02 AM PST

If the market is serious about a break of the 100 hour MA (at 1.3423) and other key technical levels (like the 38.2% retracement at 1.3413), it is imperative that the price stays above the levels on the break. Typically, the buyers will be happy to buy against the level on any corrective dip. That did not happen.
The EURUSD broke back below the important 1.3413-23 level and it was not long before the price was trading at 1.3378. The price has rebounded off the low but some of the bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Remains Above $91

Posted: 18 Jan 2011 03:00 AM PST

01/18/11 Front month crude prices remained near $91 a barrel following reports showing that crude demand will rise in 2011 due to cold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Markets In Everything: “Invasivore” Dinner Menu

Posted: 18 Jan 2011 07:55 AM PST

Let Them Eat Carp.

HT: Matt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Delta’s Takes Off: Posts Strong 4Q Results

Posted: 18 Jan 2011 07:45 AM PST

01/18/11 Delta Air Lines Inc. announced a 419 million porfit for the 4Q. However, Delta added that it will add more flying capacity during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains, Easing Off 8-week High

Posted: 18 Jan 2011 07:42 AM PST

Forex Pros – The pound trimmed gains against the U.S. dollar on Tuesday, but remained close to an eight week high after a surge in consumer price inflation fuelled expectations that U.K. interest rates will soon rise.

GBP/USD retreated from 1.6059, the pair's highest since November 22, to hit 1.6001 during European late afternoon trade, gaining 0.72%.

Cable was likely to find support at 1.5876, the days low and resistance at 1.6083, the high of November 22.

The Office for National … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What The (PAX)?!

Posted: 18 Jan 2011 07:40 AM PST

Paxys, Inc. or PAX in the Philippine Stock Exchange is a firm that is engaged in the business process outsourcing (BPO) industry within the Asia Pacific. It deals with a wide range of services in BPO such as contact center, data conversion, salary packaging, and software solutions. One of its better known subsidiaries at least in the Philippines is Advance Contact Solutions. Industry-wise, the Philippines' BPO sector has been expanding on a fast pace due to the sufficient amount of quality … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Moves Above The 200 Hour MA And Fibo Resistance

Posted: 18 Jan 2011 07:38 AM PST

The 200 hour MA comes in at 0.9906 the 38.2% comes in at 0.9911. The move above the key levels should solicit additional buying momentum. A move above the 0.9929 level is needed to further confirm the bullish bias for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Back Down Testing The 100 Day MA

Posted: 18 Jan 2011 07:35 AM PST

The 100 day MA is at 1.3423. The Fibo support is at 1.3413. A break is indicative of lack of bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Surges To 1-month High On Strong Demand, ZEW

Posted: 18 Jan 2011 07:30 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, advancing to a one month high, amid buying by sovereign funds and after strong German economic sentiment data.

EUR/USD hit 1.3466 during European late afternoon trade, the pair's highest since December 14; the pair subsequently consolidated at 1.3432, jumping 1.04%.

The pair was likely to find support at 1.3252, the days low and resistance at 1.3497, the high of December 14.

The ZEW Centre for Economic Research said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Remains Bearish Below 0.9604

Posted: 18 Jan 2011 07:28 AM PST

The USDCHF broke below what has been solid support at the 0.9604 level and apart from one hourly bar has remained below the floor. The next targets include the 0.9541 and the 0.9484 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of Canada Maintains Overnight Target Rate At 1.00%

Posted: 18 Jan 2011 06:11 AM PST

The Bank of Canada held the overnight target rate at 1.00%, with the Bank Rate also remaining at 0.25% and the deposit rate at 0.75%. The Bank signalled no intentions to ease policy but also noted that “Inflation expectations remain well-anchored” as a relatively solid recovery still has plenty of spare capacity (excess supply) to use up; with the Bank not expecting core inflation to reach its target 2% until later in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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