DailyMarkets.com - 4Q GDP Growth Revised Down To 2.8% (pt. 1)

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• 4Q GDP Growth Revised Down To 2.8% (pt. 1)
• 4Q GDP Growth Revised Down To 2.8% (pt. 2)
• EIA: Crude Stocks Up, Products Down
• CME Strong, Dividend Stronger
• Enterprise To Buy Duncan Energy?
• Par Earns Less On Steeper Costs
• Onyx Misses Q4; Gives Outlook
• Magna Misses, Reverts To Profit
• Forex – EUR/USD Down At The End Of European Session
• Forex – EUR/USD Down Toward The End Of European Session
• Forex Trading: USD/CAD Holding Against Key Support Level Near 0.9794
• Symmetry EPS Misses, Profit Jumps
• Forex – USD/JPY Down Toward The End Of European Session
• Australian Dollar: The Downside Prevails
• Canadian Dollar: The Downside Prevails
• Gap Rises On Healthy Sales
• Omnicare Misses Sales, Incurs Loss
• Dollar Declines On 4Q GDP Revision
• Forex – GBP/USD Down Toward The End Of European Session
• USD/CHF Rounding Out A Bottom
• Opening Bell Market Monitor: AIG, BA, JCP
• Forex – EUR/USD Down During The European Session
• Bonds Temper Gains In To The Weekend As Crude Oil Steadies
• U.S. UoM Consumer Sentiment Rises Unexpectedly
• Forex – GBP/JPY Down In European Trading Hours
• Forex – NZD/USD Up During The European Session
• Forex – EUR/CHF Down In European Trade
• Forex – USD/CAD Down In European Trading Hours
• Forex – EUR/GBP Up During The European Session
• Forex – GBP/CHF Down In European Trade
• Forex – USD/CHF Up During The European Session
• Chariot Oil Amp; Gas Upgrades Resource Estimates For Northern Licence Areas In Namibia
• Connemara Mining Raises New Cash While Xstrata And Minco Push On In Ireland

4Q GDP Growth Revised Down To 2.8% (pt. 1) Posted: 25 Feb 2011 10:05 AM PST This is essentially the same report that I put out when the initial look at GDP was released last month. The new revised numbers are in bold, the original estimates are in normal type and in parenthesis right after them. Thus it will be easy to see where the changes in GDP came from, not just relative to prior quarters, but relative to the first estimate. New commentary will be in italics. In the fourth quarter, the economy grew at an annual rate of 2.8% (3.2%), up from 2.6% in the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

4Q GDP Growth Revised Down To 2.8% (pt. 2) Posted: 25 Feb 2011 10:05 AM PST Natural Gas Could Lessen Our Oil Reliance However, if we can start to replace imported oil with domestically-produced energy we could substantially boost the overall rate of economic growth. While ultimately we would want to do that with renewable sources, such as wind and solar, they mostly produce electricity, and oil is mostly used as a transportation fuel. We do, however, have very abundant supplies of natural gas, and the technology for using natural gas as a transportation fuel is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EIA: Crude Stocks Up, Products Down Posted: 25 Feb 2011 09:55 AM PST The U.S. Energy Department’s weekly inventory release showed another build-up in crude stockpiles, though less-than-expected. The agency's report further added that fuel inventories fell and refinery run-rates dropped to a 12-month low. 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 produced by the U.S., both locally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CME Strong, Dividend Stronger Posted: 25 Feb 2011 09:35 AM PST On Wednesday, leading US futures trading exchange operator, CME Group Inc. (NASDAQ:CME), announced a substantial dividend increment of 22% from the prior $1.15 per share, increasing the dividend payout ratio to 35% from 30%. The hiked quarterly cash dividend of $1.40 per share will be paid on March 25, 2011 to the shareholders of record as on March 10, 2011. Over the last few quarters, CME has been posting strong trading volumes, which has also helped in strengthening the cash flow and capital … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enterprise To Buy Duncan Energy? Posted: 25 Feb 2011 09:35 AM PST Energy storage and transportation firm Enterprise Products Partners L.P. (EPD) has offered to acquire midstream energy partnership Duncan Energy Partners L.P. (DEP) for about $1.8 billion in stock and debt. The impending proposal, which is being reviewed by Duncan Energy, will create an outfit with a diverse asset base, significant distribution payout and a more liquid security. Houston-based Enterprise Products already owns 58% of Duncan Energy and its general partner, DEP Holdings LLC. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Par Earns Less On Steeper Costs Posted: 25 Feb 2011 09:05 AM PST Par Pharmaceutical Companies Inc. (NYSE:PRX) posted earnings of 61 cents per share during the fourth quarter of 2010, missing the Zacks Consensus Estimate of 67 cents per share, and the year-ago earnings of 74 cents per share. 2010 earnings of $2.95 per share also missed the Zacks Consensus Estimate of $3.01, but was ahead of the year-ago earnings of $2.93 per share. Though higher margins boosted earnings, increased selling, general and administrative (SG&A) expenses during the fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Onyx Misses Q4; Gives Outlook Posted: 25 Feb 2011 09:05 AM PST Onyx Pharmaceuticals' (NASDAQ:ONXX) fourth quarter 2010 loss of 37 cents per share was way below the year-ago earnings of 4 cents. Results missed the Zacks Consensus Estimate of a loss of 11 cents per share. For 2010, Onyx Pharma's earnings came in at 27 cents per share, beating the Zacks Consensus Estimate of a loss of 42 cents, but falling short of 2009 earnings of 57 cents. Higher operating expenses led to the decline in earnings. Revenues Quarterly revenues increased 2.5% to $70 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Magna Misses, Reverts To Profit Posted: 25 Feb 2011 09:05 AM PST Magna International Inc. (NYSE:MGA) showed a profit of $243 million or 99 cents per share (before unusual items) in the fourth quarter of 2010 in sharp contrast to a loss of $5 million or 2 cents per share (before unusual items) in the corresponding quarter of 2009. However, the company failed to meet the Zacks Consensus Estimate of $1.02 per share. The improved results were attributable to better margins earned on increased sales on the back of significantly higher vehicle production volumes. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 25 Feb 2011 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3759, down 0.30% at time of writing. The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8557 and EUR/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of European Session Posted: 25 Feb 2011 08:40 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3755, down 0.33% at time of writing. The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8556 and EUR/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/CAD Holding Against Key Support Level Near 0.9794 Posted: 25 Feb 2011 08:25 AM PST The USD/CAD is holding against a key support level near 0.9794, during Friday morning's trading. There is tremendous pressure with a long term bias to the downside. The next major level below this comes into view near 0.9707. On the top side there is a double area of resistance at 0.9927, which coincides with the blue downward sloping trend line. Above this the 38.2% fibonaci level is holding at 0.9950. Above that the 50% level is seen at 0.9999 PAR. It will likely take fresh activity in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Symmetry EPS Misses, Profit Jumps Posted: 25 Feb 2011 08:25 AM PST Symmetry Medical (NYSE:SMA) reported fourth-quarter fiscal 2010 adjusted earnings per share of 14 cents, missing the Zacks Consensus Estimate of 16 cents while exceeding the year-ago earnings of 5 cents per share. For fiscal 2010, adjusted earnings of 42 cents per share missed the Zacks Consensus Estimate by a penny and were well below the year-ago earnings of 66 cents per share. Adjusted earnings exclude facility consolidation costs, employee severance payments and debt extinguishment charges. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down Toward The End Of European Session Posted: 25 Feb 2011 08:20 AM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 81.73, down 0.19% at time of writing. The pair was likely to find support at 81.63, Thursday's low, and resistance at 83.53, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.35% to hit 1.3752 and GBP/USD falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails Posted: 25 Feb 2011 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 25 Feb 2011 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gap Rises On Healthy Sales Posted: 25 Feb 2011 08:05 AM PST Gap Inc.'s (NYSE:GPS) fourth-quarter 2010 earnings of 60 cents per share rose 17.6% from last year’s 51 cents and beat the Zacks Consensus Estimate of 57 cents a share. For the fiscal 2010, the company reported earnings growth of 19% to $1.88 per share from $1.58 per share reported in fiscal 2009. Earnings also beat the Zacks Consensus Estimate of $1.86 per share. Quarter in Details During the quarter, net sales grew 3.0% to $4,364 million from $4,236 million in the year-ago quarter. Same-store … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Omnicare Misses Sales, Incurs Loss Posted: 25 Feb 2011 08:05 AM PST Omnicare Inc. (NYSE:OCR), which sells drugs to long-term care facilities and nursing homes, reported fourth-quarter fiscal 2010 adjusted (excluding one-time expenses) earnings per share of 51 cents, matching the Zacks Consensus Estimate, and lower than the year-ago earnings of 74 cents. For fiscal 2010, the company stated adjusted earnings of $2.10 per share, beating the Zacks Consensus Estimate of $2.08, and way below the prior-year earnings of $2.78. Reported net loss for the quarter was $65.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Declines On 4Q GDP Revision Posted: 25 Feb 2011 08:00 AM PST 02/25/11 The US dollar took another dive this session following a downward revision in 4Q GDP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down Toward The End Of European Session Posted: 25 Feb 2011 07:55 AM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.6068, down 0.44% at time of writing. The pair was likely to find support at 1.6032, today's low, and resistance at 1.6274, Wednesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8554 and GBP/JPY falling 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Rounding Out A Bottom Posted: 25 Feb 2011 07:39 AM PST USD/CHF Cracks 0.93 and Has 0.89 in Sight (2/24) USD/CHF - The USD/CHF pair has broken its bearish momentum at least in the short-term, as we see the RSI break above 60, and now threatening to reach 70 and above. - That would reflect a meaningful correction. This comes after a break below 0.93, which means this is going to be treated as a pullback. This pullback should continue higher, as long as it remains above a near-term pivot at 0.9290. - This pullback is in the context of a strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: AIG, BA, JCP Posted: 25 Feb 2011 07:32 AM PST 02/25/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The European Session Posted: 25 Feb 2011 07:30 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3742, down 0.42% at time of writing. The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8556 and EUR/JPY falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Temper Gains In To The Weekend As Crude Oil Steadies Posted: 25 Feb 2011 07:09 AM PST Fortunes for global bond prices remain mixed. OPEC’s promise to replace any oil shortfall created by a potential vacuum in Libyan oil output took pressure off investors’ appetite for government paper. Yields are generally higher to close a week of net lower yields. Eurodollar futures – A miss-on GDP report saw bond prices recover from earlier losses after state and local governments further reduced spending. Treasury futures expiring in March are trading at exactly 120-00 although remain … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. UoM Consumer Sentiment Rises Unexpectedly Posted: 25 Feb 2011 07:05 AM PST Forex Pros – U.S. UoM consumer sentiment rose unexpectedly last month, data showed on Friday. In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 77.50, from 75.10 in the preceding month. Analysts had expected UoM consumer sentiment to remain unchanged at 75.10 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down In European Trading Hours Posted: 25 Feb 2011 06:40 AM PST Forex Pros – The British Pound was lower against the Japanese Yen on Friday. GBP/JPY was trading at 131.49, down 0.50% at time of writing. The pair was likely to find support at 131.38, today's low, and resistance at 135.46, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.36% to hit 1.6082 and EUR/GBP falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The European Session Posted: 25 Feb 2011 05:50 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday. NZD/USD was trading at 0.7510, up 0.49% at time of writing. The pair was likely to find support at 0.7428, Wednesday's low, and resistance at 0.7652, Monday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.14% to hit 1.3516 and EUR/NZD falling 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In European Trade Posted: 25 Feb 2011 05:25 AM PST Forex Pros – The Euro was lower against the Swiss Franc on Friday. EUR/CHF was trading at 1.2775, down 0.07% at time of writing. The pair was likely to find support at 1.2707, Thursday's low, and resistance at 1.2977, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.24% to hit 1.3767 and EUR/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In European Trading Hours Posted: 25 Feb 2011 05:00 AM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday. USD/CAD was trading at 0.9799, down 0.27% at time of writing. The pair was likely to find support at 0.9798, today's low, and resistance at 0.9960, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.3778 and GBP/USD falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The European Session Posted: 25 Feb 2011 04:00 AM PST Forex Pros – The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8564, up 0.14% at time of writing. The pair was likely to find support at 0.8384, Tuesday's low, and resistance at 0.8593, today's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3786 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down In European Trade Posted: 25 Feb 2011 03:30 AM PST Forex Pros – The British Pound was lower against the Swiss Franc on Friday. GBP/CHF was trading at 1.4939, down 0.08% at time of writing. The pair was likely to find support at 1.4892, Thursday's low, and resistance at 1.5400, Monday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.35% to hit 1.6082 and EUR/GBP rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The European Session Posted: 25 Feb 2011 03:00 AM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators. USD/CHF was trading at 0.9291, up 0.29% at time of writing. The pair was likely to find support at 0.9234, Thursday's low, and resistance at 0.9506, Tuesday's high. Earlier in the day, data showed that Switzerland's KOF economic barometer rose unexpectedly to a seasonally adjusted 2.18 last month from 2.16 in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chariot Oil Amp; Gas Upgrades Resource Estimates For Northern Licence Areas In Namibia Posted: 25 Feb 2011 02:33 AM PST Shareholders in Chariot Oil Gas (LON:CHAR) responded positively today to news that the Africa focused exploration company had added a further 700 million barrels of estimated gross unrisked mean prospective resources in its Northern licence offshore Namibia. The upgrade represents a 36% rise, taking the figures from 1.940 to 2.631 billion barrels. In response, the Chariot Oil amp; Gas share price rose by 4.6% to 241p. Chariot said the increase had resulted from continued technical work … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Connemara Mining Raises New Cash While Xstrata And Minco Push On In Ireland Posted: 25 Feb 2011 01:51 AM PST Connemara Mining (LON:CON) , the Irish mining group led by entrepreneur John Teeling, has raised £1.05m in a share placing priced at 20p. Under the terms of the deal, which represents 20.42% of Connemara's enlarged share capital, each new share has a 12-month warrant attached to it, exercisable at 35p. The company said the funds would be used to fund an expanded drilling programme in Ireland. The Connemara Mining share price was unmoved today ay 22p. Connemara holds a 25% interest in 16 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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