Wednesday, February 16, 2011

DailyMarkets.com - American Medical Beats Forecasts

DailyMarkets.com - American Medical Beats Forecasts

American Medical Beats Forecasts

Posted: 16 Feb 2011 11:35 AM PST

Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) posted fourth-quarter fiscal 2010 adjusted (excluding one-time items such as amortization charges) earnings per share of 40 cents, ahead of the Zacks Consensus Estimate of 36 cents while exceeding the year-ago adjusted earnings of 35 cents.
The results also beat the Minnesota-based company's guidance range of 35 to 38 cents. Profit for the quarter climbed 16.7% year over year to $27.2 million (or 35 cents a share).
For … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Portfolio Recovery Profits Soar

Posted: 16 Feb 2011 11:25 AM PST

Portfolio Recovery Associates Inc. (NASDAQ:PRAA) reported its fourth-quarter income from continuing operations of $20.6 million or $1.20 per share, surpassing the Zacks Consensus Estimate of $1.12 and the prior-year earnings of $12.4 million or 80 cents.
Net income in fiscal 2010 was $73.5 million or $4.35 per share, exceeding the Zacks Consensus Estimate of $4.26. Results in the reported quarter increased favorably from fiscal 2009 earnings of $44.3 million or $2.87 per share.
The strong earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fossil Beats; Outlook Optimistic

Posted: 16 Feb 2011 11:25 AM PST

Fossil (NASDAQ:FOSL) reported results for the fourth quarter of 2010 with earnings of $1.46 per share, which were well above the Zacks Consensus Estimate of $1.35. The earnings were significantly above the previous year's earnings of $1.03, driven by the successful execution of its key strategies.
Revenue Details
Worldwide net sales during the quarter grew 32.8% to $701.1 million; representing sales growth ranging from 27% to 48% across all of the company's operating segments. Strong increases … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up On Economic Data

Posted: 16 Feb 2011 11:15 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production.

EUR/USD was trading at 1.3541, up 0.41% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3621, Friday's high.

Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.10% last month, from 1.20% in the preceding month whose figure was revised up from 0.80%.

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

Dean Foods Beats By A Penny

Posted: 16 Feb 2011 11:05 AM PST

Dean Foods Company’s (NYSE:DF) adjusted earnings per share for the fourth quarter fiscal 2010 came in at 15 cents, well behind 31 cents recorded in the year-ago quarter but beat the Zacks Consensus Estimate by a penny.
Dean Foods’ full-year 2010 earnings of 80 cents per share fell 49.7% from the prior-fiscal earnings of $1.59 but surpassed the Zacks Consensus Estimate by a penny.
Financial Discussion
Dean Foods faces an exceptionally tough fiscal 2010, as the wholesale pricing of its private label … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ValueClick Beats, Shares Rise

Posted: 16 Feb 2011 11:05 AM PST

ValueClick Inc.'s (NASDAQ:VCLK) fourth quarter 2010 earnings beat the Zacks Consensus Estimate of 23 cents per share by 6 cents. Earnings (including stock-based compensation but excluding amortization of intangibles) were 29 cents per share, up 26.1% year over year from 23 cents per share reported in the prior-year quarter.
Earnings on a non-GAAP basis (excluding both amortization of intangibles and stock-based compensation expense) came in at 31 cents per share, well above management's guidance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Utilities Drag Down Industrial Production

Posted: 16 Feb 2011 11:05 AM PST

Total Industrial Production fell 0.1% in January, which was well below the expected 0.6% increase. While on first blush the decline and the miss are big disappointments, if one digs deeper, it really was not a bad report.

The increase comes after a 1.2% rise in December, and that was revised up by 0.4% from 0.8%. Thus relative to where we thought industrial production was in December, output is actually up, not down. In November, total production increased by 0.3%, and was not revised. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Genomic Progresses On Gene Study

Posted: 16 Feb 2011 10:35 AM PST

Recently, Genomic Health (NASDAQ:GHDX), an oncology based biotech company, presented encouraging data at the American Society of Clinical Oncology (ASCO). It included complete results from its prostate cancer gene identification study, which identified 295 genes strongly associated with recurrence following radical prostatectomy (RP).
On the basis of another deduction from the gene identification study, prostate cancer gene expression provides significant information that helps in deciding the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PPI Stokes Inflation Fears

Posted: 16 Feb 2011 10:35 AM PST

Before the Producer Price Index (PPI) report was released before the bell today, analysts had been looking for a slight increase in prices — but by and large were attributing them to higher food and energy costs. However, with the January PPI posting the highest core production price levels in over 2 years — up 0.5% not counting food and energy — suddenly fears about inflation are back in play.

Inflation is something the Federal Reserve has done little or nothing to address in the aftermath … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Whole Foods To Outperform

Posted: 16 Feb 2011 10:35 AM PST

Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (NASDAQ:WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image and marketing and merchandising expertise. The stock is poised to surge as the demand for healthier and natural food improves.
Whole Foods has been spurring its revenues through new store openings, acquisitions and comparable-store sales growth. Given the food retailing industry is highly fragmented, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In U.S. Trade

Posted: 16 Feb 2011 10:35 AM PST

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

AUD/USD was trading at 1.0000, up 0.35% at time of writing.

The pair was likely to find support at 0.9944, Tuesday's low, and resistance at 1.0074, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.20% to hit 1.3564 and AUD/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session

Posted: 16 Feb 2011 10:00 AM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.

NZD/USD was trading at 0.7524, up 0.07% at time of writing.

The pair was likely to find support at 0.7504, Tuesday's low, and resistance at 0.7628, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.12% to hit 1.3269 and EUR/NZD rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bulls Scoop Up Valero Energy Corp. Calls

Posted: 16 Feb 2011 09:59 AM PST

Bulls scoop up Valero Energy Corp. calls
Today’s tickers: VLO, MRVL, CHS & MU
Valero Energy Corp. (NYSE:VLO) – Traders flocked to the options playing field on Valero Energy Corp. this morning after the operator of refineries was raised to ‘Top Pick’ from ‘Sector Perform’ with a 12-month target share price of $35.00 at RBC Capital Markets. Shares in Valero are up 3.35% to stand at $29.40 just after 11:40am in New York. Earlier in the session the price of the underlying increased as much as 4.1% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Health Care REIT Stumbles

Posted: 16 Feb 2011 09:55 AM PST

Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported fourth quarter 2010 FFO (funds from operations) of $82.7 million or 60 cents per share, compared to $56.3 million or 46 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding one-time items, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GENZ Results Eclipsed By SNY Deal

Posted: 16 Feb 2011 09:55 AM PST

Genzyme Corporation (NASDAQ:GENZ) reported fourth quarter earnings of 71 cents per share (excluding one-time items but including the impact of stock-based compensation expense), a couple of cents below the Zacks Consensus Estimate, but significantly above the year-earlier earnings of 17 cents.
Excluding the impact of stock-based compensation expense, fourth quarter earnings came in at 82 cents, well above the year-ago period earnings of 29 cents. Results were in line with the preliminary outlook … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.19%

Posted: 16 Feb 2011 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Wednesday.

At the close of European trade, Germany's DAX rose 0.19%, London's FTSE 100 gained 0.80%, France's CAC 40 climbed 1.00% and the EURO STOXX 50 was up 1.04%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.31%; the S&P 500 index gained 0.37%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Using Intraday TICK Signals To Forecast Reversals

Posted: 16 Feb 2011 09:41 AM PST

I wanted to document what the TICK had to say about today's sharp reversal and lunch-time market drop.
The TICK gave a classic "One-Two" Punch Warning Signal… and if you missed the signal, take a moment to look at the chart of the SPY and TICK and learn what the TICK had to say and when it said it in advance of the turn.
SPY and TICK – 1-min chart:

To learn this important concept – applicable mostly to intraday index futures or ETF traders – take a close look at the chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Runs Into Trendline Resistance

Posted: 16 Feb 2011 09:39 AM PST

Forex Trading: USDCAD Fails To Break The Full Support Level.

Posted: 16 Feb 2011 09:35 AM PST

The USDCAD fell below support level 1 at 0.9858, but could move to support level 2 at 0.9850 level.  The price has moved back above the 0.9858 level and should lead to bulls wrestling some control again.  A move below 0.9850 should not be faded … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Talisman Falters On Earnings

Posted: 16 Feb 2011 09:35 AM PST

Canadian energy explorer Talisman Energy Inc. (TLM) reported weaker-than-expected fourth quarter 2010 results, hampered by higher cash taxes.
Earnings per share from continuing operations, excluding non-operating items, came in at 8 Canadian cents (8 U.S. cent), significantly below the Zacks Consensus Estimate of 14 cents.
However, Alberta-based Talisman's adjusted income improved slightly from the year-ago level of 7 Canadian cents, while revenue of C$1.9 billion was up 8.8% year over year, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Multi-family Housing Starts Soar

Posted: 16 Feb 2011 09:35 AM PST

Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down 2.6%.

Quite frankly, a year ago was also a pretty lousy time for homebuilders, so the increase is off a pretty easy comp. If one looks at only single-family houses, the picture was worse, falling to 413,000 from 417,000 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Tests Upside Resistance

Posted: 16 Feb 2011 09:22 AM PST

The price in GBPUSD breached the 100 hour MA at the 1.6064 level (38.2% was also at 1.6061) but found sellers against the 200 hour MA and the 50% of the days trading range. That area comes in at 1.6080-85.  So far sellers have come in against the level. I would expect that to continue with stops on a move above.  However, I would also expect buyers against the 100 hour MA as the bulls and bears fight it out at these levels. The battle lines are drawn for the market.
On the downside … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Simon Property

Posted: 16 Feb 2011 09:10 AM PST

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported fiscal 2010 fourth quarter funds from operations (FFO) of $1.78 per share, which beat the Zacks Consensus Estimate by 4 cents. Fund from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: BJRI

Posted: 16 Feb 2011 09:05 AM PST

BJ’s Restaurants Inc. (NASDAQ:BJRI) posted in line fourth-quarter 2010 results on February 10, 2011, driven by comparable store sales growth. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over the short and long-term periods.
Earnings Report Flashback
BJ's Restaurants reported fourth quarter adjusted earnings of 22 cents per share, in line with the Zacks Consensus Estimate, but soared more than three fold from 12 cents earned in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldman To Shut Macro Trading Desk?

Posted: 16 Feb 2011 09:05 AM PST

In an effort to comply with the financial regulations, Goldman Sachs Group Inc. (NYSE:GS) is said to be shutting down its Global Macro Proprietary Trading desk, according to a Wall Street Journal report. The trading desk deals with foreign-exchange markets, interest-rate markets, stocks, commodities and other fixed-income markets.
The Dodd-Frank financial reform bill, which was signed into law by President Obama in July 2010, has a number of provisions that would affect the business model of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Rises On Strong Data

Posted: 16 Feb 2011 09:00 AM PST

02/16/11 The US dollar rallied against its major counterparts this session following strong housing figures in the … [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: 16 Feb 2011 09:00 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production.

EUR/USD was trading at 1.3546, up 0.44% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3621, Friday's high.

Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.10% last month, from 1.20% in the preceding month whose figure was revised up from 0.80%.

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

Stocks To Watch On Wednesday: Exxon Mobil, Monsanto, JDS Uniphase, Dell, Siemens, BHP Billiton, Sanofi-Aventis, Genzyme

Posted: 16 Feb 2011 08:39 AM PST

U.S. stocks retreated, pulling the S&P 500 Index down from a 32-month high, after a report showed retail sales increased less than forecast, the NAHB index still very close to "crisis" levels  and Exxon Mobil (NYSE:XOM) led a decline in energy producers. Exxon Mobil, the world's largest company, shed 2.3% for its biggest drop since August as investors analyzed data on its proved reserves. And Monsanto (NYSE:MON) sank 4.8% as billionaire investor George Soros's hedge fund cut its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURGBP Falls Hard Yesterday, Rallies Back Up Today

Posted: 16 Feb 2011 08:31 AM PST

The EURGBP fell hard yesterday on the back of the UK 4% CPI inflation numbers. Today the EURGBP rallied back up on the BOE inflation report saying although inflation might rise higher, they expect that inflation would come down later in 2012 due to spare capacity.   The report was filled, however, with a lot of uncertainty with the balance being toward higher inflation ("..risks around the most likely outcome are skewed to the upside"). Nevertheless, the market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Policymakers Quell Inflationary Concerns

Posted: 16 Feb 2011 08:25 AM PST

European government bonds rose after inspiration came from the Bank of England’s four-times a year report on inflation. The central bank scotched concerns that it should raise rates immediately to address price pressures created by surging commodity costs. Governor King made the immediate point in his opening remarks at a press conference that monetary policy must be forward-looking rather than dealing with the here-and-now. His thought process was later echoed by a continental speaker who also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Profitable Quarter For Dell

Posted: 16 Feb 2011 08:22 AM PST

Dell Inc. (NASDAQ:DELL) delivered fourth quarter fiscal 2011 earnings per share (EPS) of 53 cents, handily beating the Zacks Consensus Estimate of 37 cents.
Revenues
Revenues for the fourth quarter were $15.7 billion, up 5.0% from $14.9 billion reported in the year-ago quarter. Revenue growth was driven by an improvement in the Enterprise Solutions and Services businesses, as well as strong commercial client growth led by the Large Enterprise and the Small and Medium Business (SMB) segments.
Revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Get Your Free Digital Copy Of The Elliott Wave Principle

Posted: 16 Feb 2011 08:22 AM PST

I'm pleased to mention that Club EWI's newest promotion is a full, free digital copy of the classic Elliott Wave Principle book/text from A.J. Frost and Robert Prechter.
I'm surprised that they would offer the entire book as a give-away for Club EWI members (free registration) so I wanted to do a link post mentioning the opportunity for you if you are interested at all in Elliott Wave.

I'm an affiliate of Club EWI and myself took advantage of this opportunity and it's the entire book … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails

Posted: 16 Feb 2011 08:21 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: 16 Feb 2011 08:21 AM PST

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

Three ETFs To Play Water Shortage

Posted: 16 Feb 2011 08:20 AM PST

Both macro and microeconomic forces suggest that the global water sector is destined to see exponential growth paving the path to opportunity for the PowerShares Water Resources (PHO), the PowerShares Global Water (PIO) and the Guggenheim S&P Global Water (CGW).
From a macro perspective, incomes in developing nations are expected to rise and populations around the world are expected to continue to expand pushing up demand for water. In fact, at current growth rates, it is expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comcast Beats, Dividend Raised

Posted: 16 Feb 2011 08:17 AM PST

Comcast Corp. (NASDAQ:CMCSA) reported excellent fourth quarter 2010 financial results, which surpassed the Zacks Consensus Estimate. In a significant drive to raise its shareholders' wealth, the board of directors has raised the annualized dividend rate by 19% to 45 cents per share.
Additionally, the board of Comcast declared its intention to speed up the share buy-back program and may repurchase the remaining $2.1 billion share under the existing authorization by the end of 2011. This will be an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PMI Group Widens Loss

Posted: 16 Feb 2011 08:17 AM PST

PMI Group Inc. (NYSE:PMI) reported fourth-quarter net loss from continuing operations of $1.14 per share, much wider than the Zacks Consensus Estimate of a loss of 73 cents per share. 
Results however narrowed from a loss of $2.76 per share in fourth-quarter 2009. Loss from continuing operations was $184.4 million compared with a loss of $228.2 million in the prior-year quarter.
Full year 2010 loss from continuing operations was $5.70 per share, higher than the Zacks Consensus Estimate of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deere Outperforms Zacks Estimates

Posted: 16 Feb 2011 08:17 AM PST

Deere & Co. (NYSE:DE) delivered earnings of $1.20 per share in its first quarter ended January 31, 2011, striding ahead of the Zacks Consensus Estimate of $1.00 and more than double of 57 cents earned in the year-ago quarter. Net income was more than double from $243.2 million in first quarter of 2010.
The outperformance was largely driven by strong demand for farm machinery coupled with improved conditions in construction and forestry markets.
Revenue
Deere's worldwide total sales increased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Capella Misses, Enrollment Sinks

Posted: 16 Feb 2011 08:17 AM PST

Capella Education Company (NASDAQ:CPLA), the provider of online education, recently delivered lower-than-expected fourth-quarter 2010 results as new enrollment declined. Quarterly earnings of $1.09 per share missed the Zacks Consensus Estimate of $1.11, but grew 23.9% from 88 cents posted in the prior-year quarter. The Zacks Consensus Estimate was stable prior to the earnings announcement.
Behind the Headline
Total active enrollment climbed 16.2% to 39,477 from the year-ago quarter. However, new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Profits Dip For Cincinnati Bell

Posted: 16 Feb 2011 08:17 AM PST

Cincinnati Bell (NYSE:CBB) reported fourth quarter 2010 adjusted earnings of 3 cents per share, missing the Zacks Consensus Estimate of 7 cents and well below 10 cents earned in the year-ago quarter. Higher depreciation, amortization and interest expense associated with the acquisition of CyrusOne in June 2010 led to the decline.
Fiscal 2010 adjusted earnings were 31 cents compared with 42 cents in the prior year.
Revenues upped 5% year over year to $362.8 million in the fourth and surpassed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIT Lags Estimates, Profit Falls

Posted: 16 Feb 2011 08:16 AM PST

CIT Group Inc.'s (NYSE:CIT) fourth quarter 2010 earnings came in at 37 cents per share, lagging the Zacks Consensus Estimate of 42 cents. This also compares unfavorably with the prior quarter's revised earnings of 58 cents.
For full-year 2010, CIT reported earnings per share of $2.58, which was ahead of the Zacks Consensus Estimate of $2.51.
Though the quarter’s results benefited primarily from lower interest and non-interest expenses, decline in net interest revenue and increase in provision … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises On Risk Appetite, API Figures

Posted: 16 Feb 2011 03:00 AM PST

02/16/11 Prior to the release of the EIA’s inventory data, front month crude prices were on the upside on a stronger euro and strong API … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals Fed Policy Meeting Minutes Eyed

Posted: 16 Feb 2011 07:57 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, ahead of the release of the minutes of the Federal Reserves most recent policy setting meeting.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.18% to hit 1.351.

But the greenback was up against the pound, with GBP/USD shedding 0.51% to hit 1.6041.

Earlier Wednesday, the Bank of England raised its forecasts for inflation for 2011 but said economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Losses Ahead Of Fed FOMC Minutes

Posted: 16 Feb 2011 07:51 AM PST

Forex Pros – The euro erased modest losses against the U.S. dollar on Wednesday, ahead of the release of the minutes of the Federal Reserves most recent monetary policy committee meeting.

EUR/USD clawed back up from 1.3463, the daily low, to hit 1.3511 during European late afternoon trade, gaining 0.17%.

The pair was likely to find short-term support at 1.3427, Monday's low and a three-week low and resistance at 1.3734, last Thursday's high.

The euro's earlier losses came after U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, February 16, 2011 Special Alert

Posted: 16 Feb 2011 07:51 AM PST

We are going to add to our watch list additional positions in the ProShares Short S&P Fund (symbol: SH) at the current price of $41.10, the ProShares Short QQQ Fund (symbol: PSQ) at the current price of $31.91, and the Short Russell 2000 Fund (symbol: RWM) at the current price of $30.20. We have now added positions to our watch list in each of these ETFs four times now. We will update the average cost in our blog post later … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OfficeMax Impresses With Strong Earnings

Posted: 16 Feb 2011 02:45 AM PST

02/16/11 OfficeMax reported an improvement in its quarterly profits this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses Ahead Of Fed Meeting Minutes

Posted: 16 Feb 2011 07:42 AM PST

Forex Pros – The pound trimmed losses against the U.S. dollar on Wednesday, ahead of the publication of the minutes of the Federal Reserves most recent policy setting meeting.

GBP/USD clawed back up from 1.5987, the pair's lowest since Monday; to hit 1.6037 during European late afternoon trade, shedding 0.53%.

Cable was likely to find support at 1.601, Friday's low and resistance at 1.623, the high of February 2.

The pound's earlier losses came after the BOE raised its forecasts for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests Resistance. Will It Hold?

Posted: 16 Feb 2011 07:40 AM PST

The EURUSD has moved back higher after failing to break through the low from yesterday. THe price is now up testing the underside of the trendline that was broken in early NY trading at 1.3505 level. If the level holds and finds sellers, it keeps the door open for another test and break of the days low (and yesterdays low at the 1.3459 level). If the price moves above the level, the 100 hour MA (blue line in the chart above) at the 1.3528 level is the next target. 1.3539 is the 100 day MA and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Contained In A Narrow Range, But Does It Provide An Opportunity?

Posted: 16 Feb 2011 07:33 AM PST

A reader of the commentary emailed me with the following comment
"USD/CAD is in 3rd day in this 53 pip or less range. The last time this happend started on February 14 2007 for 4 days and than on March 22 2007 for 3 days. That's the 2 times since 2006. I guess in February traders don't like USD/CAD…"
When the range is contained and non-trending, it increases the chances for a trend type move.  The reason is non-trending markets tend to transition into … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: BGP, DE, DELL, GENZ, SNY

Posted: 16 Feb 2011 07:29 AM PST

02/16/11 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

Key Level To Watch On Weekly And Daily Emerging Markets EEM

Posted: 16 Feb 2011 07:19 AM PST

The popular Emerging Markets ETF – symbol EEM – is currently sitting on key weekly and daily support, or more specifically, a key turning point in structure, so let's take a look at this level and the immediate targets to watch depending on what happens here at this key point.
First, the Weekly Chart shows the level we're watching:

Keeping it simple, the rising 20 week EMA is situated at $45.60, which is the "last" price we see on the chart above.  That means price is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Loses Momentum After Double Top; 29.60 Is Key Support

Posted: 16 Feb 2011 07:18 AM PST

Gold and Silver Update 2/11 – Stalking Bearish Attempts
Silver (XAG/USD)

- Silver is sliding sharply today in the US session after forming a double top. The decline from that has already materialized, and the bullish momentum has been technically violated. The RSI plunged below 40, reflecting a loss of the bullish momentum. A break below 30 suggests bearish momentum.
- Testing 30.25 minor pivot, a break below this is looking at the 29.60-29.65 support. A break below this as we see in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 2.16.11

Posted: 16 Feb 2011 06:31 AM PST

The morning news notes as prepared by TL…Citigroup on global economy, JPMorgan on emerging markets, China’s appetite for US Treasuries on the wane, capital spending increasing, demand for gold in China, Middle East unrest, will the government shut down?, municipal bonds, farm prices surge, and Fed’s Fisher on unwinding current easy monetary policy.

“Morning News Notes: February 16, 2011″

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

Atlantic Coal Digs Deep To Fund Expansion Plans

Posted: 16 Feb 2011 03:07 AM PST

When the BlackRock UK Smaller Companies Fund started selling off its stake in AIM listed Atlantic Coal (LON:ATC) last summer, the company's managing director Stephen Best was quick to respond. A meeting between the two sides led to a u-turn by the fund manager, which went on to double its stake in the US focused coal miner. For Best, the renewed vote of confidence was the prelude to a £12m fundraising that looks set to fund a shopping list far beyond the equipment he needs to expand the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Norseman Gold Raises New Cash And Sets Sights On Production Targets

Posted: 16 Feb 2011 02:33 AM PST

Norseman Gold (LON:NGL) , the AIM-listed and ASX-listed Australian gold producer, has raised £10m in a private share placing priced at 45p per share. Funds from the deal have been earmarked to bring its North Royal open pit into production – the company's fourth mine at its Norseman Gold project in the Eastern Goldfields of Western Australia. The fundraising follows an £11.25m share placing last October, which was also priced at 45p, to pay for work at North Royal.

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

Two New Contracts Push Hydro International Shares Higher

Posted: 16 Feb 2011 01:37 AM PST

Hydro International (LON:HYD) , the AIM listed engineering group whose products are used in the control and treatment of water, has been awarded two major contracts worth around £5m. The deals include one in the UK with Tamesis and one in the US with Peyronnin Construction Company. They follow a £15.6m contract announced last November with GBM, the joint venture between Galliford Try, Biwater Treatment and Mott MacDonald. News of the contracts pushed the Hydro International share price up by … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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