Friday, February 18, 2011

DailyMarkets.com - 5 Things To Ask Before Co-signing For A Credit Card

DailyMarkets.com - 5 Things To Ask Before Co-signing For A Credit Card

5 Things To Ask Before Co-signing For A Credit Card

Posted: 18 Feb 2011 07:35 AM PST

Have you ever been asked to co-sign for a credit card? When receiving such a request, what was your response?

Many people, when asked to co-sign for a credit card for a family or friend, do it without thinking twice. That, in my opinion, is a very hasty thing to do, especially since it comes with huge financial responsibilities.

Being a co-signer to someone else's credit card means that if they fail to pay off their balance, then it will be your responsibility to make sure it gets paid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR Climbs Higher In Choppy Upmove, ECB Member Smaghi’s Comments Regarding Rates Reverse Overnight Losses

Posted: 18 Feb 2011 07:11 AM PST

Euro Climbs on Hawkish Comments from ECB Smaghi
The EUR/USD continued to extend its laborious climb upward in this week's trading. Overnight, the pair slid, giving back yesterday's gain, as we had China boosting its bank reserve ratio requirement yet again in its battle against inflation and concern remain about Portugal being pressured to take a bailout.
However, as we entered the NY session, hawkish comments from ECB Executive Board Member Lorenzo Bini Smaghi helped the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Remains Between The “Goal Posts”

Posted: 18 Feb 2011 07:07 AM PST

USDJPY is in between the Goal Post as defined by the 100 hour MA aat the 83.50 level and the 200 hour MA at the 83.14 level currently. When it trades in between these levels I call the situation "trading between the Goal Posts".  The levels become support and resistance but on a break higher or lower, the market should find momentum in the direction of the break. The price has been contained between the Goal Posts for the last 24 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PDL Settles MedImmune Dispute

Posted: 18 Feb 2011 07:05 AM PST

PDL BioPharma Inc.(NASDAQ:PDLI) recently resolved all legal disputes with MedImmune, a subsidiary of AstraZeneca (NYSE:AZN), for $92.5 million including payments related to royalties on sales of MedImmune's product Synagis (a respiratory virus treatment) and PDL's patents. This dispute has been ongoing since December 2008.
Under the definitive settlement agreement, PDL paid MedImmune $65 million and will pay another $27.5 million by February 10, 2012. MedImmune has not paid any royalties to PDL … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In European Trading Hours

Posted: 18 Feb 2011 07:00 AM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Core CPI.

USD/CAD was trading at 0.9839, down 0.06% at time of writing.

The pair was likely to find support at 0.9816, Thursday's low, and resistance at 0.9904, Tuesday's high.

Earlier in the day, official data showed that Canadian core consumer price inflation remained unchanged unexpectedly at a seasonally adjusted 0.00% last month from -0.30% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Eases Back Down And Finds Buyers

Posted: 18 Feb 2011 06:58 AM PST

The EURUSD eased back down after the NY surge higher. The move to the highs stalled a the 1.3644 where three separate attempts above the level were tried and failed. Omie, a FXDD fan, pointed out, the level corresponded with the 50% retracement of the move down from the February high to the February low (see chart above).
The correction to the downside has found support buyers against the 38.2% retracement of the days move (1.3609 low versus 38.2% level at 1.3607).  The price  found … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allscripts Beats Squarely

Posted: 18 Feb 2011 06:55 AM PST

Allscripts Healthcare Solutions (NASDAQ:MDRX), a leading player in the healthcare information technology ("HCIT") market, reported fourth quarter adjusted (excluding one-time items) earnings  per share of 20 cents, beating the Zacks Consensus Estimate of 16 cents and surpassing the year-ago earnings of 17 cents. Reported net loss for the quarter was $6.2 million (3 cents per share), partly due to merger-related charges.  
On August 24, 2010, Allscripts accomplished its merger with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up In European Trading Hours

Posted: 18 Feb 2011 06:40 AM PST

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

GBP/JPY was trading at 135.21, up 0.35% at time of writing.

The pair was likely to find support at 133.19, Monday's low, and resistance at 135.46, Wednesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.38% to hit 1.6235 and EUR/GBP falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nordstrom Acquires Online Retailer

Posted: 18 Feb 2011 06:36 AM PST

One of the leading fashion specialty retailers in the United States, Nordstrom Inc. (NYSE:JWN), in its streak to optimize shareholders' return, has entered into an agreement to acquire the online private sale leader HauteLook Inc.
Nordstrom will pay up to $270.0 million in stock to conclude the deal, of which $180.0 million will be an upfront stock transfer and $90.0 million will be a three-year-earn-out based on the company's performance.
As per the agreement, HauteLook will operate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nordstrom Tops Profit, Ups Top Line

Posted: 18 Feb 2011 06:35 AM PST

Nordstrom Inc. (NYSE:JWN) posted earnings growth of 35.0% to reach $1.04 per share in the fourth quarter of fiscal 2010 from 77 cents per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of $1.00 per share.
For fiscal 2010, earnings per share came in at $2.75 per share, up 36.8% year over year and ahead of the Zacks Consensus Estimate of $2.71 per share.
Quarterly Details
Nordstrom's same-store sales and top-line trends were also encouraging. Total … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Dr Pepper Snapple Group, Inc, Coca-Cola Company, Liz Claiborne, NetApp, Virgin Media

Posted: 18 Feb 2011 06:35 AM PST

 Hyatt Hotels (H) reported Q4 EPS of $0.07, in line with the Zacks Consensus Estimate. Revenues for the quarter rose 3.3% year-over-year to $918.0 million, above the Zacks Consensus Estimate of $878.0 million

 Liz Claiborne (NYSE:LIZ) reported a Q4 loss of $0.03 per share, narrower than the Zacks Consensus Estimate for a loss of $0.15 per share

 Virgin Media (NASDAQ:VMED) reported Q4 revenues for the quarter rose 6.6% year-over-year to $1.61 billion, above the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 18 Feb 2011 06:29 AM PST

02/18/11 A breakdown of what investors need to know prior to the open of the US equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 18 Feb 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: 18 Feb 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: 18 Feb 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: 18 Feb 2011 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bond Prices Bounce From Recent Lows

Posted: 18 Feb 2011 06:18 AM PST

Today’s Idea
After having traded at its lowest levels in 10 months, the lead month Bond futures contract seems to be putting in a near-term bottom, as prices appear poised to re-enter the consolidation area seen on the daily chart. Looking at the June Bond futures which will become the lead month in the next week, we see the market making a near-term low at 115-07. Some traders looking for Treasury bond prices to rally, or at least hold above the recent lows, may wish to explore selling puts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/GBP Respects Support At 0.8360; 0.8415 Is Resistance

Posted: 18 Feb 2011 06:17 AM PST

There's No Love for the Euro on This Valentine's Day (2/15 Video)
EUR/GBP

- The bearish targets 0.8340 and 0.8250 are on  hold, as the market was supported at the 0.8360 level. The 1H chart shows that this area is indeed an previous support area as well.
- Note however, the RSI, after barely kissing 70 in the 1H chart, broke way below 30 on the decline, let's see if the follow-through of today's rally can push above 0.8415 area because that is where 61.8% retracement and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For Some Products, Prices Have Been Falling

Posted: 18 Feb 2011 06:15 AM PST

Item
%Change Last Year

TVs
-17.81%

Photographic Equipment and Supplies
-10.50%

Software
-10.34%

Computers
-6.86%

Toys
-4.65%

Cell Phone Service
-4.03%

Leased Cars
-3.86%

Appliances
-3.39%

Audio Disks
-2.81%

Clothing: Infant and Toddler
-2.78%

Video Audio
-2.62%

Pets and Pet Supplies
-2.54%

Tools and Hardware
-2.12%

Video Disks
-1.95%

Stationery
-1.54%

Nonprescription Medical Supplies
-1.43%

Cothing: Womens and Girls
-0.88%

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

Cabela Surpasses Estimates

Posted: 18 Feb 2011 06:05 AM PST

Cabela's Inc. (NYSE:CAB), one of the leading specialty retailers of hunting, fishing, camping, and related outdoor merchandise, recently posted fourth-quarter 2010 results, which surpassed the Zacks' expectations for both the top and bottom lines.
The quarterly earnings of 86 cents a share beat the Zacks Consensus Estimate of 79 cents, and rose 11.7% from 77 cents delivered in the prior-year quarter. The Zacks Consensus Estimate remained stable in the last 30 days.
On a reported basis, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novatel Downgraded To Underperform

Posted: 18 Feb 2011 06:05 AM PST

We downgrade our recommendation on Novatel Wireless Inc. (NASDAQ:NVTL) to Underperform, ahead of its fourth-quarter 2010 financial results. The recent trend of the 3G USB modem industry is indicating a glut of inventory on the part of the wireless carriers. Several industry sources predicted that Verizon Wireless (NYSE:VZ), a important customer of Novatel for its MiFi intelligent hotspot, may generate lukewarm demand in the first quarter of 2011 attributable to its huge modem inventory.
A recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

E*TRADE Sees Improved Activity

Posted: 18 Feb 2011 06:05 AM PST

Online broker E*TRADE Financial Corporation (NASDAQ:ETFC) released its Monthly Activity Report for January 2011 on Wednesday, recording a sequential gain of 22.0% in average U.S. trades.
For the month of January 2011, Daily Average Revenue Trades (DARTs) were 180,967, up 22% sequentially and 5% on a year-over-year basis. Broker performance is generally measured through DARTs. DARTs represent a number of trades from which brokers can expect commissions or fees.
At the end of the month, total accounts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY Maintains Bullish Momentum Towards 136.40, 137.75

Posted: 18 Feb 2011 05:57 AM PST

GBP/JPY Forms Flag Pattern after Declining; Targets 130.50 if Broken (2/16)
GBP/JPY

- The flag pattern was never broken to the downside and confirmed for a decline to 130.50. The RSI in the 4H chart remained above 40 after cracking it temporarily. The sharp move on Wednesday has already be pared, and the high of the week at 135.44 is about to be tested.
- The RSI breaking back above 60 and now kissing 70 shows the bullish momentum maintained, and some resumed. A break above the 135.44 high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rebounds After Comment From ECB Member

Posted: 18 Feb 2011 05:53 AM PST

After a rocky start to Friday’s trading, the dollar has regained its poise and is flitting between gains and losses against a basket of currencies on the session. The greenback had lost some appeal throughout the week following a steadfast showing from the central bank where it appears there is little chance that monetary policy is about to be changed. Global tensions dimmed after the Egyptian overthrow of its President while there was little further safe haven demand for the dollar as tensions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The European Session

Posted: 18 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 0.7612, up 0.28% at time of writing.

The pair was likely to find support at 0.7504, Tuesday's low, and resistance at 0.7643, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.40% to hit 1.3280 and EUR/NZD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BUY PAL At $7.80 In Pre-Market

Posted: 18 Feb 2011 05:41 AM PST

I decided to buy North American Palladium (PAL) in this morning’s pre-market for $7.80.

Click on the chart to ENLARGE

My TSI Trading record has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver’s Bullish Continuation Targets The 33.55 Area

Posted: 18 Feb 2011 05:34 AM PST

Silver Loses Momentum After Double Top; 29.60 is Key Support (2/16)
Silver (XAG/USD)

- After losing some momentum mid-week, silver has resumed the uptrend without cracking our noted support.
- The 1H chart shows this momentum now being overbought, and there is a bearish divergence.
- A correction can bring this pair back to the 30.80 level, and the market is still in a healthy bullish trend.
- The daily chart shows extension retracement levels. The 150%  extension is at 33.55. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ericsson In A Spanish 3G Network

Posted: 18 Feb 2011 05:25 AM PST

LM Ericsson Telephone Company (NASDAQ:ERIC) has formed an agreement with Spain's fourth-largest operator and a subsidiary of TeliaSonera, called Yoigo, to jointly expand the existing 3G HSPA mobile broadband network of Yoigo. With this deed, Yoigo makes Ericsson its sole vendor of the newest technology in the radio access and core network and an individual managed services partner.
Expanding of the existing 3G network will further spread out the network coverage of Yoigo and will fulfill the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up In European Trade

Posted: 18 Feb 2011 05:25 AM PST

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

EUR/CHF was trading at 1.2975, up 0.39% at time of writing.

The pair was likely to find support at 1.2894, today's low, and resistance at 1.3202, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.18% to hit 1.3634 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURGBP Rises With The EURUSD

Posted: 18 Feb 2011 05:18 AM PST

The EURGBP surged higher with the EURUSD but is running into 100 hour MA and the 50% midpoint of the 4 day trading range (at 0.8401-03) that has contained the up and down trading of late in the currency pair.  This level should be an area that traders lean against to take profit, with stop buying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Surges On ECB Comment. Resistance At 1.3637

Posted: 18 Feb 2011 05:10 AM PST

ECB Bini Smaghi has commented that the ECB may have to tighten rates in a Bloomberg report, and this caused the EURUSD to surge higher. The price moved above the 200 hour MA in the process and is currently taking out the high for the day at the 1.3626 level. The next target resistance comes in at the 1.3637 level and above that the 1.3661 level (trendlines in the chart below). Earlier today the EURUSD was sold off on the back of banking concerns. Borrowings from banks at the ECB were elevated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD To Test Resistance As It Nears 1.63

Posted: 18 Feb 2011 05:07 AM PST

GBP/USD Fails to Establish Bullish Momentum and Plunges (2/15)
GBP/USD

- In our previous cable post, we saw it fall sharply on the 15th, but you read that I had my beliefs another attempt at 1.63 was pending.
- This is materializing, as the sharp decline earlier in the week has been completed pared, and the market broke above this week's high, reaching now towards the previous high at 1.6277 or the 1.63 resistance.
- The RSI in the 4H chart reflects bullish continuation, but still the 1.63 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Showing Bearish Continuation After 61.8% Retracement

Posted: 18 Feb 2011 04:43 AM PST

EUR/USD Forming Head and Shoulder … (2/17)
EUR/USD

- The EUR/USD tested the 61.8% retracement level at 1.3630 and respected it by providing 2 bearish 4H candles that basically signaled a bearish continuation.
- This is an early signal, and the pivot at 1.3535 area is the current near-term support. The 1.35 area will be that psychological support as well as the rising trendline seen in the 4H chart.
- A break below that eyes the 1.3430. A break below 1.3400 targets 1.3250.
- For a longer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data

Posted: 18 Feb 2011 04:15 AM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Core CPI.

USD/CAD was trading at 0.9842, down 0.04% at time of writing.

The pair was likely to find support at 0.9816, Thursday's low, and resistance at 0.9904, Tuesday's high.

Earlier in the day, official data showed that Canadian core consumer price inflation remained unchanged unexpectedly at a seasonally adjusted 0.00% last month from -0.30% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Core CPI Remains Unchanged Unexpectedly

Posted: 18 Feb 2011 04:10 AM PST

Forex Pros – Canadian core consumer price inflation remained unchanged unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian core CPI remained unchanged at a seasonally adjusted 0.00%, from -0.30% in the preceding month.

Analysts had expected Canadian core CPI to rise 0.20% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: CAD Core CPI (m/m) 0.3% And Core CPI 0.0%

Posted: 18 Feb 2011 04:01 AM PST

Forex – EUR/GBP Down During The European Session

Posted: 18 Feb 2011 04:00 AM PST

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

EUR/GBP was trading at 0.8361, down 0.63% at time of writing.

The pair was likely to find support at 0.8356, Tuesday's low, and resistance at 0.8450, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.44% to hit 1.3549 and EUR/JPY falling 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Highs Overnight: Silver And Palladium

Posted: 18 Feb 2011 03:47 AM PST

Silver and Palladium made new highs overnight.  Here is a chart of each. 

Click on the chart to ENLARGE

I think a person could do very well simply buying select miners of either/both these two metals and sitting still for at least a couple months.  The show is just getting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Up In European Trade

Posted: 18 Feb 2011 03:30 AM PST

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

GBP/CHF was trading at 1.5428, up 0.44% at time of writing.

The pair was likely to find support at 1.5325, Thursday's low, and resistance at 1.5693, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.22% to hit 1.6209 and EUR/GBP falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 2.17.11

Posted: 17 Feb 2011 05:57 AM PST

The morning news notes as prepared by TL… bank stress tests, US companies repatriating cash, municipal bonds, Middle East tensions ease, politics including spending  and budget cuts, and government shutdown?

“Morning News Notes: February 17, 2011″

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