Tuesday, February 15, 2011

DailyMarkets.com - Business Credit Card Review: Chase Ink Bold With Ultimate Rewards – $100 Bonus Cash Back

DailyMarkets.com - Business Credit Card Review: Chase Ink Bold With Ultimate Rewards – $100 Bonus Cash Back

Business Credit Card Review: Chase Ink Bold With Ultimate Rewards – $100 Bonus Cash Back

Posted: 15 Feb 2011 07:35 AM PST

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If you came here looking for a personal credit card then read our review of the Chase Freedom $100 Cash Back 0% APR card.

Are you a business owner who spends at least $100,000 a year on business expenses, travels often and doesn’t want to pay any interest charges? If you are, the Ink Bold with Ultimate Rewards – $100 Bonus Cash Back card from Chase (NYSE:JPM) is just the card for you. It is a business charge card that offers numerous rewards and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Tuesday: Netflix, Wal-Mart, GameStop, Fedex, Chevron, Barclays

Posted: 15 Feb 2011 07:12 AM PST

A sideways start to the week with the S&P 500 opening on its lows (1325) Monday,  rallied 5 points by midday to an almost 32 month high and did nothing for the rest of the session as optimism about Egypt's democratic transition plan and China's jump in exports overshadowed concern valuations climbed too far. Volumes though were the worst of the year by a wide margin (6.5b). Commodities were reasonably well bid as Copper (+2%) made a new high and Gold traded up a half a percent. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Barrick Gold Corp.

Posted: 15 Feb 2011 07:05 AM PST

Barrick Gold Corporation (NYSE:ABX) is slated to release its fourth quarter 2010 results on Thursday, February 17 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 85 cents, representing a significant annualized growth of 41.39%.
With respect to earnings surprise, over the trailing four quarters, Barrick Gold has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was a positive 9.74%, implying that the company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MGM Beats, Loss Shrinks

Posted: 15 Feb 2011 06:50 AM PST

MGM Resorts International (NYSE:MGM) reported its fourth-quarter 2010 adjusted loss of 20 cents per share as compared with the Zacks Consensus Estimate of 22 cents loss per share and the year-earlier loss of 21 cents.
On a GAAP basis, net loss per share was 29 cents compared with a loss of 98 cents in the comparable quarter prior year. The reported quarter's loss includes a 7-cent per share reduction in the company's income tax benefit from providing reserves for certain state-level deferred … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Revised Label For GSK’s Avandia

Posted: 15 Feb 2011 06:36 AM PST

GlaxoSmithKline plc (NYSE:GSK) recently announced a revision in the US prescribing information and medication guides for all rosiglitazone-containing medicines, which include Avandia, Avandamet and Avandaryl. The revised labels of these type II diabetes treating drugs are required to include additional safety information and restrictions on the use of these medicines.
The revised labels restrict the use of these drugs to patients who are already taking a rosiglitazone-containing medicine or new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thoratec Downgraded To Underperform

Posted: 15 Feb 2011 06:20 AM PST

We recently downgraded our rating for Thoratec Corporation (NASDAQ:THOR), a leading provider of devices which address advanced-stage heart failure, to Underperform. Both revenues and earnings for fourth-quarter fiscal 2010 missed the Zacks Consensus Estimates.
We believe that the company's HeartMate II faces an end to its monopoly, in the foreseeable future, in the Bridge-to-Transplantation ("BTT") indication following HeartWare International's (HTWR) filing of Premarket Approval … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Agilent Technologies, Atlas Air Worldwide Holdings, AXT Inc, Clorox Company, Green Mountain Coffee Roasters, Google, Marriot International, Netflix

Posted: 15 Feb 2011 06:20 AM PST

 According to Nielson, Netflix (NASDAQ:NFLX) became a top-ten video service based on total number of streams and unique visitors

 Motorola Mobility Holdings (MMI) reported it will buy a small company which develops software that boosts the security of mobile devices using Google's (NASDAQ:GOOG) Android operating system

 Agilent Technologies (NYSE:A) reported Q1 EPS of $0.60, topping the Zacks Consensus Estimate of $0.57 per share. Revenues rose 25% year-over-year to $1.52 billion, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Caution

Posted: 15 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: 15 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: 15 Feb 2011 06:18 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: 15 Feb 2011 06:18 AM PST

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

Wheat Rolls

Posted: 15 Feb 2011 06:18 AM PST

Today’s Idea
Given the strong Wheat fundamentals and the fact that the grain is a consumer staple, it is difficult to find reasons to go against the trend. While feed use may suffer, it is hard to imagine consumers cutting bread out of their diets due to rising costs. Wheat is entering into an area of congestion, but if it can cross through the near-term hurdles, most notably resistance near the 1000 level, prices could test all-time highs. Some traders may wish to consider getting into bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Avon Products

Posted: 15 Feb 2011 06:06 AM PST

Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2010 adjusted earnings of 59 cents a share, which fell short of the Zacks Consensus Estimate of 67 cents and dipped 13.2% from the year-ago figure of 68 cents a share.  
For fiscal 2010, the company reported adjusted earnings per share of $1.80 compared with $1.75 in the prior year. Earnings also failed to meet the Zacks Consensus Estimate of $1.89 per share.
On a reported basis, including one-time items, earnings dropped 15% to 53 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. TIC Long Term Purchases Plunge Unexpectedly In December

Posted: 15 Feb 2011 06:06 AM PST

Forex Pros – U.S. Treasury International Capital purchases fell unexpectedly in December, official data showed on Tuesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities plunged to USD65.9 billion in December, after rising to USD85.1 billion in November.

Analysts had expected purchases of long-term securities to increase to USD91.3 billion in December.

Following the release of the data the U.S. dollar was down against the euro, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD – Stalking A Pullback

Posted: 15 Feb 2011 06:05 AM PST

EUR/USD to Form Gartley Near 1.34 (2/14)
EUR/USD

- The EUR/USD started the week breaking below the 1.35 support, but since support at 1.3430, the market has rallied back above the 1.35 pivot, and now testing the 1.3550 resistance area and 38.2% retracement level.
- This pullback's structure it not very clear, but it is possible that it is in a second corrective swing.
- Looking at the 4H chart, we see that the current rally has been very laborious, suggesting it is merely a pullback.
- … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Retail Sales Weaker Than Expected, USD Should Soften

Posted: 15 Feb 2011 05:56 AM PST

US retail sales came in weaker than expected for the January period.
Headline retail sales rose 0.3% in the month, smaller than forecasts of a 0.5% gain. While its the 7th straight month that sales were up, it is also the weakest reading in 6 months, going back to last July.

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Taking autos out of the equation sales were up 0.3%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Connecting The Dots: Our Dollar Continues Multi-Year Decline As Both Political Parties Are “On The Take”

Posted: 15 Feb 2011 05:55 AM PST

In the course of my regular early morning reading (thank you to the regular readers who feed me these resources), I came across some fabulous work.
1. The Dallas Federal Reserve puts forth an enlightening piece entitled Global Economic Conditions. The 43 page treatise covers a wealth of information but my attention was grabbed primarily by the graph highlighting the continued decline in the core rate of inflation on page 11, and the ~20% decline in the value of our U.S. dollar over the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Slows NY Decline And Rallies Back Toward Upside Resistance

Posted: 15 Feb 2011 05:53 AM PST

The data at 8:30 AM out of the US was mixed. Retail Sales were weaker (revisions were also lowered a touch). The Empire Manufacturing report was a touch stronger. Import prices showed increased prices for goods. Oil prices rising will of course lead to that result as will a weaker dollar.
The EURUSD prior to the report was falling. The price moved below support at the 50% of the days trading range at the 1.3505 level – falling to 1.3498. However, the price has moved back higher and trades … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing’s Tech-Savvy 747-8 Is Here

Posted: 15 Feb 2011 05:50 AM PST

Aerospace and defense giant The Boeing Company (NYSE:BA) unveiled the new 747-8 Intercontinental on Sunday, February 13. The latest from Boeing's 747 line of airplanes, the 747-8 International is touted as the largest passenger aircraft built by the company that is all set to revolutionize air travel.
This new 747-8 model only retains the iconic shape of the first 747, but is by far more advanced than the initial 747′s rolled out from Boeing’s factory. The latest from Boeing features … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Soft U.S. Retail Sales Data

Posted: 15 Feb 2011 05:48 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, following official data showing that U.S. retail sales rose less-than-expected in January.

During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.21% to hit 1.3517.

Earlier Tuesday, preliminary data showed that the euro zone's economy expanded less-than-expected in the fourth quarter, while a separate report showed that German economic sentiment rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Empire State Manufacturing Index Rises More-than-expected

Posted: 15 Feb 2011 05:42 AM PST

Forex Pros – The New York Federal Reserve's index of manufacturing conditions rose more-than-expected in February, official data showed on Tuesday.

In a report, the Federal Reserve Bank of New York said that its general business conditions index rose to 15.4 in February, after rising to 11.9 in January.

Analysts had expected the index to rise to 15.0 in February.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

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

U.S. Retail Sales Rise Less-than-expected In January

Posted: 15 Feb 2011 05:38 AM PST

Forex Pros – Retail sales in the U.S. rose less-than-expected in January, official data showed on Tuesday.

In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.3% in January, after rising by 0.5% in December, whose figure was revised down from 0.6%.

Analysts had expected retail sales to increase by 0.5% in January.

The report added that core retail sales, which exclude automobile sales, rose less-than-expected, increasing by a seasonally adjusted 0.3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Ecolab

Posted: 15 Feb 2011 05:36 AM PST

Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) is slated to release its fourth-quarter fiscal 2010 results on February 17. In its third quarter call, the Minnesota-based company stated that it envisions adjusted earnings per share for the fourth quarter in the range of 59 cents to 61 cents. The current Zacks Consensus Estimate for the quarter is 61 cents, representing an estimated 10.55% annualized growth.
The company expects sustained revenue growth at constant currency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY’s Bullish Scenario Under Possible Elliott Wave Count

Posted: 15 Feb 2011 05:36 AM PST

GBP/JPY's Bullish Momentum Being Tested
GBP/JPY

- The GBP/JPY is finally accelerating. Looking at the Daily, we see that a swing projection targets 136.40, and has the 137.75 resistance in sight.
- The RSI in the 4H chart shows a bullish momentum breakout, and the daily chart is about to do the same.
- This suggests that we are now in a wave 3 of C, and 134.30 should hold as support for a rally towards these targets. This would make the rising wedge we broke out of a leading triangle, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pound Lifted By Tone In Inflation Letter

Posted: 15 Feb 2011 05:32 AM PST

Overnight the UK released its inflation data and it showed CPI climbing 0.1% m/m while the annual rate rose to 4.0%. Both hit economists' forecasts and now the annual rate is double the Bank of England's target of 2%.
From Reuters: Inflation surges to double Bank's target.
That meant that BoE Governor King had to write an "Inflation Letter" explaining why inflation is running so hot and what the bank is ready to do about it.
Here is the letter if you want to read it yourself: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Failures Continue

Posted: 15 Feb 2011 05:25 AM PST

The ongoing economic volatility took its toll on a few more small banks last week. On Friday, four more were shuttered by the U.S. regulators. These banks were based in Florida, Michigan, Wisconsin and California. This takes the total number of bank failures to 18 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008.
While the various programs launched by the government worked in favor of the bigger banks, the struggle for survival continues for many smaller banks. Plunging home … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold: Looks Like It Is GAME ON

Posted: 15 Feb 2011 05:10 AM PST

Overnight gold broke out of what appears to me to be the bullish inverted head and shoulders pattern on this 4 hour chart.  This means we have a higher high again today for the current daily cycle, strongly in favor of being a right translated and bullish daily cycle, also strongly in favor of the notion that 1307 was the bottom of the previous intermediate cycle, and strongly suggesting that it is now GAME ON for gold.

A common behavior of head and shoulders patterns is to break … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Surges To 3-day High After BOE Inflation Letter

Posted: 15 Feb 2011 04:09 AM PST

Forex Pros – The pound surged to a three-day high against the U.S. dollar on Tuesday, after Bank of England governor Mervyn King said that rising U.K. inflation was due to tax hikes and higher commodity prices.

GBP/USD hit 1.6133 during European early afternoon trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.6123, gaining 0.53%.

Cable was likely to find support at 1.5981, Monday's low and resistance at 1.6185, the high of February 7.

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

Forex – EUR/USD Moves Higher But Debt Concerns Limit Gains

Posted: 15 Feb 2011 03:42 AM PST

Forex Pros – The euro moved higher against the U.S. dollar on Tuesday, as risk sentiment improved but doubts remained over whether euro zone leaders would reach an agreement on measures to tackle the regions debt crisis.

EUR/USD hit 1.3547 during European late morning trade, the daily high; the pair subsequently consolidated at 1.3541, climbing 0.38%.

The pair was likely to find short-term support at 1.3427, Monday's low and resistance at 1.362, last Thursday's high.

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

Morrisons Launches E-commerce Strategy With Kiddicare Acquisition

Posted: 14 Feb 2011 11:47 PM PST

Supermarket group Morrisons (LON:MRW) has acquired Kiddicare, the award winning multi channel online retailer, together with the rights to its highly regarded technology platform, for £70m. The acquisition is the first step in developing Morrisons online business. The group said it intended to build its online non-food business, developing the kiddicare.com platform and management team, and launching its first products in 2012.

Kiddicare will continue to trade separately as kiddicare.com, led … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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