Tuesday, February 15, 2011

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session

DailyMarkets.com - Forex – EUR/USD Up During The Asian Session


Forex – EUR/USD Up During The Asian Session

Posted: 15 Feb 2011 06:05 PM PST

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

EUR/USD was trading at 1.3526, up 0.30% 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.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8376 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4 Reasons To Buy CapitaCommerical Trust

Posted: 15 Feb 2011 05:45 PM PST

CapitaCommercial Trust (CCT) is Singapore's first commercial real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited. CCT owns 9 quality commercial buildings in Central Singapore and has 30% stake in Quill Capita Trust, a commercial REIT listed on Bursa Malaysia Securities Berhad. CCT also has a 7.4% stake in Malaysia Commercial Development Fund, Capitaland's first and largest private real estate fund.

4 Reasons to buy CCT

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


Forex – EUR/JPY Up During Asian Trade

Posted: 15 Feb 2011 05:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Wednesday.

EUR/JPY was trading at 113.33, up 0.30% at time of writing.

The pair was likely to find support at 112.10, Monday's low, and resistance at 113.44, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.30% to hit 1.3527 and EUR/GBP rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NY Fed: Delinquent Loans Fall Back To 2007 Levels

Posted: 15 Feb 2011 04:47 PM PST

The NY Federal Reserve recently released it “Quarterly Report on Household Debt and Credit,” and here are some key points:

1. Aggregate consumer debt continued to decline in the fourth quarter, continuing its trend of the previous two years. As of December 31, 2010, total consumer indebtedness was $11.4 trillion, a reduction of $1.08 trillion (8.6%) from its peak level at the close of 2008Q3, and $155 billion (1.3%) below its September 30, 2010 level.  This was the lowest level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Up During The Asian Session

Posted: 15 Feb 2011 04:45 PM PST

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

GBP/JPY was trading at 135.17, up 0.07% at time of writing.

The pair was likely to find support at 133.19, Monday's low, and resistance at 135.45, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.10% to hit 1.6142 and EUR/GBP rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Why I’m Right About Raising Taxes On The Very Rich (and Why My Progressive Critics Are Wimps)

Posted: 15 Feb 2011 04:40 PM PST

My proposal to raise the marginal tax to 70 percent on incomes over $15 million, to 60 percent on incomes between $5 million and $15 million, and to 50 percent on incomes between $500,000 and $5 million, has generated considerable debate. Some progressives think it's pie-in-the-sky. Here, for example, is Andrew Leonard, a staff writer for Salon:

A 70 percent tax bracket for the richest Americans is pure fantasy – even suggesting it represents such a fundamental disconnect with the world as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Barclays Halts Creation Of Its No-Reset -3x S&P ETN

Posted: 15 Feb 2011 04:38 PM PST

Barclays announced 2/9/11 that it has temporarily suspended "sales from inventory" of the Barclays ETN+ Short D Leveraged Exchange Traded Notes Linked to the Inverse Performance of the S&P 500® Total Return Index (BXDD).  If you know what those are, you are part of a very small group. Since these are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Buy SFEG – $0.95

Posted: 15 Feb 2011 04:37 PM PST

This is Santa Fe Gold Mining Corp (SFEG) which I bought today for 95 cents.  Not shown on the chart are the 200 and 50 day moving averages which are now at about 99 cents and $1.10 respectively. The stock has been bobbing and weaving for a few days now between 90 cents and a buck.  I just hope to make a fast modest return on my investment but who knows, if gold gets in gear, maybe more.

Click on the chart to ENLARGE

Palladium did make a new all time high (last 10 years, that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Is Wrong With The U.S. Economy? Here Are 10 Economic Charts That Will Blow Your Mind

Posted: 15 Feb 2011 04:24 PM PST

The 10 economic charts that you are about to see are completely and totally shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Is Wrong With The U.S. Economy? Here Are 10 Economic Charts That Will Blow Your Mind

Posted: 15 Feb 2011 04:24 PM PST

The 10 economic charts that you are about to see are completely and totally shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Is Wrong With The U.S. Economy? Here Are 10 Economic Charts That Will Blow Your Mind

Posted: 15 Feb 2011 04:24 PM PST

The 10 economic charts that you are about to see are completely and totally shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Is Wrong With The U.S. Economy? Here Are 10 Economic Charts That Will Blow Your Mind

Posted: 15 Feb 2011 04:24 PM PST

The 10 economic charts that you are about to see are completely and totally shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Home Depot To Hire More Than 60k Seasonal Workers

Posted: 15 Feb 2011 04:15 PM PST

02/15/11 Home Depot Incorporated announced plans Tuesday to hire more than 60,000 seasonal workers in preparation for the busy spring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Barack Obama’s Budget For 2012: A Complete And Total Joke

Posted: 15 Feb 2011 03:57 PM PST

Courtesy of Michael Snyder of Economic Collapse
Is Barack Obama trying to play a joke on all of us?  The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for “Narnia”, “Fantasy Island”, “Atlantis” or some other mythical land.  You can view the hard numbers for Barack Obama's 2012 budget right here.  Obama's budget assumes that the U.S. will experience economic growth of over 5 percent for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: Earnings, BoE Inflation Report, US Housing Starts, PPI, Industrial Production, FOMC Minutes

Posted: 15 Feb 2011 10:50 AM PST

02/16/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up In Asian Trade

Posted: 15 Feb 2011 03:50 PM PST

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

NZD/USD was trading at 0.7521, up 0.03% at time of writing.

The pair was likely to find support at 0.7504, today's low, and resistance at 0.7720, Thursday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.3256 and EUR/NZD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


3 Good Reasons To Consider The Germany ETF

Posted: 15 Feb 2011 03:46 PM PST

The closest thing to a government debt crisis in the U.S. has been the exodus from muni bonds. Yet very few people talk about the possibility of the U.S. actually defaulting on federal obligations. Rising rates aside, the world seems to believe… at least for the moment… that Americans…
… [visit site to read more] or compare Best Credit Cards and Best CD Rates


La-Z-Boy Works Harder To Beat

Posted: 15 Feb 2011 03:35 PM PST

La-Z-Boy Inc. (NYSE:LZB) reported fiscal third quarter 2010 net earnings per share of 19 cents and comprehensively surpassed the Zacks Consensus Estimate of 10 cents per share.
EPS in the prior year quarter was 21 cents, which, however, included 5 cents per share of anti-dumping duties. Reported EPS for the quarter includes 6 cents of tax benefit and 1 cent of anti-dumping duties.
Management said that though macroeconomic challenges continue to impact the business, the company is cautiously … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Everest Re Expands In Canada

Posted: 15 Feb 2011 03:35 PM PST

Late last week, Everest Re Group Ltd., (NYSE:RE) announced that its subsidiary Everest Reinsurance Co. had purchased Premiere Underwriting Services (Premiere) based in Toronto, Canada.
Premiere is a managing general agent specializing in Entertainment, Sports and Leisure related risks.
In addition, Everest also announced the purchase of renewal rights and operations of financial lines business of Executive Risk Insurance Services, Ltd. which is also based in Toronto, Canada.
The value of the deals … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sohu Remains Neutral

Posted: 15 Feb 2011 03:35 PM PST

We maintain our Neutral rating on Sohu.com Inc. (NASDAQ:SOHU). Although Sohu continues to face cut-throat competition from NetEase.com Inc. (NASDAQ:NTES) and Take-Two Interactive Software Inc. (NASDAQ:TTWO), we believe that its promising games portfolio and the continued popularity of Changyou.com Ltd. (CYOU) games will drive profitability over the long term. 
Sohu reported strong fourth quarter 2010 results,primarily driven by growth in brand advertising, search ad business and online gaming. Both … [visit site to read more] or compare Best Credit Cards and Best CD Rates


RLI Corp. Forms New Treaty Group

Posted: 15 Feb 2011 03:35 PM PST

In an effort to widen its exposure in the reinsurance marketplace, RLI Corp. (NYSE:RLI) has created a new Property Treaty Group within its RLI Reinsurance Division. A select group of insurance companies will be offered tailor-made assumed property reinsurance solutions.
The group will offer per risk, quota share and catastrophe coverages. It is led by George Dragonetti and is based in Stamford, Connecticut.
In the fourth quarter, RLI Corp. wrote higher premiums in Property. We expect such new … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Green Mountain Coffee: The Dr. Jekyll & Mr. Hyde Of SRI

Posted: 15 Feb 2011 03:26 PM PST

Courtesy of Dominic Lombardo, CFA, Socially Responsible Investing
Green Mountain Coffee: The Dr. Jekyll & Mr. Hyde of SRI
Like Robert Louis Stevenson's  1886 novella entitled the The Strange Case of Dr. Jekyll and Mr. Hyde, Green Mountain Coffee Roasters has a split-personality.
 

Company Description:
Green Mountain Coffee Roasters (GMCR) is a specialty coffee company based in Waterbury, Vermont. The company roasts 100% Arabica coffees and offers … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Narrow Trading Range

Posted: 15 Feb 2011 03:18 PM PST

Cusick's Corner
The activity was tight today, as a matter of fact from a trading perspective it was a nothing day. The weakness in Crude continued. The Small Caps also showed some weakness on the close, while the market in general held critical levels of 1324 on the SPX. One market that I have not discussed in a while (but has been on my radar) is Gold, which looks to have garnered enough of a base where bids are starting to gain some momentum. GLD finished the day above mid-term support, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Trade Ideas For Wednesday, February 16

Posted: 15 Feb 2011 03:16 PM PST

( click to enlarge )

Last week, I wrote a post that there might be a buying opportunity present in Rambus, as it bounced from its uptrend line support again. Today, the stock broke out above the $21.50 level on huge volume of over 1.75 Million shares.  RMBS closed out at 21.85 up 0.67 on the day.  The stock showed a lot of strength and I expect to see another round of buying. On the technical side, the chart looks very good here. It looks Bullish with both 20 and 50 daily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Tuesday, February 15, 2011 Special Alert On FDO

Posted: 15 Feb 2011 03:09 PM PST

It was announced after the close tonight that Family Dollar Stores (symbol: FDO) a stock on our watch list is being acquired (taken private) for between $55-$60 per share. As a result, we are removing it from the watch list at tomorrow’s market open price. This will represent between a 23.2% to 34.4% gain (depending on where it opens tomorrow) while FDO was on our watch list. Congratulations to anyone who followed along with us and bought shares. We will have more on FDO in our daily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: School Specialty

Posted: 15 Feb 2011 03:05 PM PST

School Specialty Inc. (NASDAQ:SCHS), an education company offering supplemental educational products and equipment, is scheduled to report its third-quarter 2011 financial results on February 17, 2011. The current Zacks Consensus Estimate for the quarter is a loss of $1.20 per share. For the quarter under review, revenue is $92 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
The quarterly earnings of 96 cents a share missed the Zacks Consensus Estimate of $1.23, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Analog Devices Beats By A Penny

Posted: 15 Feb 2011 03:05 PM PST

Analog Devices Inc. (NYSE:ADI) reported first quarter 2011 non-GAAP diluted earnings per share from continuing operations of 66 cents, a penny more than the Zacks Consensus Estimate of 65 cents. When compared on a sequential basis, earnings were down 9.6% but was up 53.5% from the year ago quarter.
Quarterly Highlights
Revenue for the quarter of $729.0 million came in line with the Zacks Consensus Estimate. The reported revenue compares favorably with an increase of 21.0% from the previous year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PMI Group Downgraded

Posted: 15 Feb 2011 03:05 PM PST

We have recently downgraded PMI Group Inc. (NYSE:PMI) to Underperform, as we expect losses and loss adjustment expenses from mortgage insurance operations, increased valuation allowances, lower premiums earned and shrunken investment income will continue to pressure PMI Group's earnings.
PMI Group's default inventory and default rate increased significantly in 2009 to 2010 due to delinquencies in certain adjustable rate mortgage and high loan-to-value loans, declining home prices, higher rates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dr Jim Taylor-Sports: Building Confidence: Part II

Posted: 15 Feb 2011 02:42 PM PST

Negative thinking that hurts confidence can become a bad habit. Bad confidence habits are just like bad technical habits; the more you practice them, the more ingrained they become and the better you get at being negative. And that negativity is what will come out in competition. Also like a bad technical habit, negative thinking [...]
By Dr Jim Taylor
… [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tuesday, February 15th ETF Movers: (BAL, JFT, VZZ, BHH, GRU, MOO)

Posted: 15 Feb 2011 02:41 PM PST

In trading on Tuesday, the iPath DJ-UBS Cotton TR Sub-Idx ETN (BAL) is outperforming other ETFs, up about 3.75% on the day. Also up on the day are the (…)
Read the rest of Tuesday, February 15th ETF Movers: (BAL, JFT, VZZ, BHH, GRU, MOO)
Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: X, SF, NYX

Posted: 15 Feb 2011 02:30 PM PST

02/15/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Analyst Interviews: Non-U.S. Banks Stock Update

Posted: 15 Feb 2011 02:25 PM PST

Aided by worldwide regulatory reform, the global banking industry has reached a phase of a transformation in 2011. Since 2010, the industry has been recovering at a moderate pace from the worst financial crisis in history that started as a credit issue in the subprime enclave of the U.S. mortgage market in mid-2007 and spilled over to every corner of the globe.

Though the malice spread by the financial crisis is behind us, banks are now dealing with regulatory pressures now that they have been … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Honeywell Issues Senior Debt

Posted: 15 Feb 2011 02:25 PM PST

Honeywell International Inc (NYSE:HON) announced the public offering of $800 million 4.250% senior notes due 2021 and $600 million 5.375% senior notes due 2041.
Honeywell intends to utilize the proceeds of the offering to repay outstanding debt, including the repurchase of up to $400 million of senior notes due 2012. It also intends to  repay commercial paper and spend the remaining for general corporate purposes.
The Notes will be senior and unsecured obligations of Honeywell and will rank … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Watsco Reports In Line

Posted: 15 Feb 2011 02:25 PM PST

Watsco Inc. (NYSE:WSO) reported fourth-quarter 2010 earnings per share (EPS) of 31 cents, in line with the Zacks Consensus Estimate and 48% above the prior-year quarter EPS of 21 cents.
Revenues increased 17% year-over-year to $657 million, ahead of the Zacks Consensus Estimate of $605 million. Air conditioning and heating (HVAC) equipment (contributing 63% of sales) grew 23% driven by strong replacement demand, market share growth and an improved sales mix of higher-efficiency replacement HVAC … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Can Your ETFs Benefit From President Obama’s Proposed Budget?

Posted: 15 Feb 2011 02:06 PM PST

To some, cutting $1 trillion in national debt over a decade sounds wonderful. To others, taking 10 years to pay off a minisule fraction of sovereign debt borders on negligence. Obviously, neither Democrats nor Republicans will get exactly what they want on the U.S. budget. Yet, regardless of the…
… [visit site to read more] or compare Best Credit Cards and Best CD Rates


ZOLL’s LifeVest Hits Milestone

Posted: 15 Feb 2011 02:05 PM PST

Resuscitation devices maker ZOLL Medical's (NASDAQ:ZOLL) popular LifeVest wearable defibrillator has reached another key milestone as it has been reportedly prescribed to over 35,000 patients at high risk of sudden cardiac arrest ("SCA") by their physicians. The achievement underscores the sustained adoption of the device for treating this condition.
SCA, an abrupt loss of cardiac function, is one of the major causes of unexpected deaths. According to the American Heart Association, more than … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dell Beats On EPS, Misses Revs

Posted: 15 Feb 2011 02:05 PM PST

Dell Inc. (NASDAQ:DELL) reported fiscal 4th quarter 2011 and full-year results after the bell, touting its January-ended quarter as one of its “best ever.” GAAP earnings came to 48 cents per share on revenues of $15.69 billion in the quarter. This beat the Zacks Consensus Estimate of 37 cents per share, but missed the revenue estimate of $15.76 billion.

The company saw 7% growth on the enterprise side in the quarter, to $4.6 billion. And while the business PC market has strengthened of late, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: IFF

Posted: 15 Feb 2011 02:05 PM PST

International Flavors & Fragrances Inc. (NYSE:IFF) posted good results in the fourth quarter compared with a year-ago comparable quarter but failed to outperform the Zacks Consensus Estimate.
Earnings Review
International Flavors & Fragrances' fourth quarter adjusted earnings per share increased 10% year over year to 69 cents compared with 63 cents in the year-ago quarter. Results were, however, below the Zacks Consensus Estimate of 74 cents.
For the fiscal year, adjusted earnings per … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of U.S. Session

Posted: 15 Feb 2011 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3486, down 0.02% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3728, Thursday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose less-than-expected to a seasonally adjusted 0.30% last month, from 0.50% in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Average Joe Says Still Says No…

Posted: 15 Feb 2011 01:45 PM PST

…to the notion that the economy is on the mend, according to the latest poll from CBS News, entitled “The President, the Recession and the Deficit”:
The Recession – No Recovery Yet
The National Bureau of Economic Research stated that the most recent economic recession ended in June 2009, but most Americans do not see it that way. 57% of Americans think it is not true that the recession is almost over and the economic recovery has begun, while 37% think that is true.
I guess all that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dr Jim Taylor-Sports: Building Confidence: Part II

Posted: 15 Feb 2011 01:42 PM PST

Courtesy of John Nyaradi
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Dr Jim Taylor-Sports: Building Confidence: Part II
Ask the Experts, eWallstreeter | mitchell | February 15, 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Manulife Acquires Optique Capital

Posted: 15 Feb 2011 01:40 PM PST

Manulife Asset Management, the global asset management arm of  Manulife Financial Corporation (NYSE:MFC), acquired the assets of Milwaukee based investment adviser Optique Capital Management. The acquisition closed on February 11, 2011.
A new equity team, based in Milwaukee will be formed with eight members of Optique Capital joining Manulife Asset Management.
At the end of the fourth quarter, assets managed for external clients by Manulife Asset Management and its affiliates totaled $182 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 15 Feb 2011 01:40 PM PST

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

USD/JPY was trading at 83.79, up 0.57% at time of writing.

The pair was likely to find support at 82.39, Thursday's low, and resistance at 83.92, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.01% to hit 1.3488 and GBP/USD rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chesapeake Plans Asset Sale

Posted: 15 Feb 2011 01:35 PM PST

Independent oil and natural gas company Chesapeake Energy Corporation (NYSE:CHK) announced plans to divest its Fayetteville Shale properties along with its stakes in two private companies, Frac Tech Holdings, LLC and Chaparral Energy Inc in order to reduce its long-term debt level by 25% over the next two years. The sale is expected to be completed within the first half of 2011.
This initiative forms a part of the company's 2011–12 strategic and financial “25/25 Plan'" and is expected to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Spate Of New Deals For CSC

Posted: 15 Feb 2011 01:35 PM PST

Computer Sciences Corp. (NYSE:CSC) recently renewed a 5-year information technology (IT) outsourcing contract with the Italy-based defense electronics company SELEX Galileo, valued at $200.0 million.
Per the contract, Computer Sciences will extend its full range of IT services in support of SELEX Galileo's IT eco-system. This contract is indicative of a long-standing relationship between the two and the latter's trust in Computer Sciences' services.
SELEX Galileo is owned by an Italian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Update On Cosan-Shell JV

Posted: 15 Feb 2011 01:35 PM PST

Cosan Limited's (NYSE:CZZ) joint venture with Shell International Petroleum Company Limited is given the name Raizen, a combination of Portugese words for root and energy. Raizen recently received unconditional regulatory approval from the European Union. Cosan and Shell anticipate that the transaction would consummate in the first half of 2011.
Raizen was formed on August 25, 2010 through a binding agreement between Cosan and Shell. The company will employ over 40,000 people and is estimated to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 15 Feb 2011 01:25 PM PST

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

EUR/USD was trading at 1.3488, down 0.01% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3728, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.55% to hit 0.8364 and EUR/JPY rising 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Close Lower; Dow Jones Down 0.34%

Posted: 15 Feb 2011 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.34%, the S&P 500 index shed 0.32%, while the Nasdaq 100 index declined 0.15%.

Earlier in the day, official data showed that retail sales in the U.S. rose less-than-expected to a seasonally adjusted 0.30% last month, from 0.50% in the preceding month whose figure was revised down from 0.60%.

Analysts had expected retail sales to rise 0.50% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Northern Trust Alters Top Positions

Posted: 15 Feb 2011 12:55 PM PST

In an effort to improve strategic growth opportunities, Northern Trust Corporation's (NASDAQ:NTRS) has announced a number of leadership changes, which will be effective March 1.
The President of the Personal Financial Services business unit at Northern Trust, Sherry Barrat, will become the Vice Chairman and be responsible for promoting and developing Northern Trust's relationship with select clients and prospects around the world.
The current President of Operations and Technology, Jana … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hewlett-Packard To Get Vertica

Posted: 15 Feb 2011 12:55 PM PST

Hewlett Packard Company (NYSE:HPQ) recently disclosed at a press release that it will acquire database technology maker Vertica, but did not divulge pecuniary details. The company will try to wrap up this transaction during the second quarter of fiscal 2011.
The technology major is of the opinion that this deal will add sophisticated, real-time business analytics technology to HP's portfolio for large and complex sets of data in physical, virtual and cloud environments. This in turn, will help … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 15 Feb 2011 12:45 PM PST

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

GBP/USD was trading at 1.6127, up 0.54% at time of writing.

The pair was likely to find support at 1.5964, Friday's low, and resistance at 1.6170, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.58% to hit 0.8361 and GBP/JPY rising 1.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ETF Stripping: The Latest Insider Trading Scheme Uses ETFs (QQQQ, AAPL)

Posted: 15 Feb 2011 12:42 PM PST

ETF Stripping is the latest financial innovation coming out of Wall Street – but not as a retail investor vehicle.  Evidently, insider trading schemes have continued to evolve in efforts to evade(…)
Read the rest of ETF Stripping: The Latest Insider Trading Scheme Uses ETFs (QQQQ, AAPL)
Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Buy The Rumor Sell The Fact 2/15/11

Posted: 15 Feb 2011 12:40 PM PST

A valuable trading lesson that needs to be applied when making trading decisions are made especially in commodities. Chart damage was done on Crude oil in the last two sessions as we should see another $3-5 of downside before we see significant buying come in. We will be establishing longs in July $5 call spreads over the next several sessions not trying to time an absolute bottom but we suggest holding off on any futures trades for the time being. We continue to like layering in bull call … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Everything: $200 Concierge Medicine

Posted: 15 Feb 2011 12:37 PM PST

The NY Times recently featured One Medical Group which is:

“A new model for primary care that aims to set a nationwide example. With 31 physicians in San Francisco and New York, it offers most of the same services provided by personalized "concierge" medical practices, but at a much lower price: $150 to $200 a year. 

One Medical Group doctors see at most 16 patients a day; the nationwide average for primary-care physicians is 25. They welcome e-mail communication with patients, for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Comcast

Posted: 15 Feb 2011 12:35 PM PST

Comcast Corp. (NASDAQ:CMCSA) is slated to release its fourth quarter 2010 results on Wednesday, February 16 before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 32 cents per share, representing annualized growth of 11.13%.
With respect to earnings surprise, over the trailing four quarters, Comcast has outperformed the Zacks Consensus Estimate for all four quarters. The average earnings surprise was a positive 5.14%, implying that the company has outdone the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Homebuilder Index Unchanged (Still Awful)

Posted: 15 Feb 2011 12:35 PM PST

The National Association of Home Builders (NAHB) Housing Market Index (HMI) was unchanged in February, holding at 16 for the fourth month in a row. The index is a "magic 50" index, where 50 is the dividing line between homebuilders seeing the conditions as been good and being poor. As such, 16 is an extremely weak reading.

The index is made up of three sub-indexes. The index tracking current sales improved by 2 points, but that only brought it up to a level of 17. The index that tracks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Digging Deep: Time For Precious Metals Miners? (GLD, GDX, GDXJ, PLTM, PSAU, KGC, PAAS, ABX, PLG)

Posted: 15 Feb 2011 12:09 PM PST

This morning, the market crackled with news that billionaire investor George Soros had bumped up his holdings of the SPDR Gold Trust (GLD) 0.5 percent in the 4th quarter of 2010.(…)
Read the rest of Digging Deep: Time For Precious Metals Miners? (GLD, GDX, GDXJ, PLTM, PSAU, KGC, PAAS, ABX, PLG)
Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In U.S. Trade

Posted: 15 Feb 2011 12:05 PM PST

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

USD/CAD was trading at 0.9891, up 0.01% at time of writing.

The pair was likely to find support at 0.9851, Monday's low, and resistance at 0.9988, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.001% to hit 1.3489 and GBP/USD rising 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Spotlight: Metals & Materials ETFs In Focus (XLB, XME, SLX, JJC, SLV, FCX, AA, RIO)

Posted: 15 Feb 2011 11:56 AM PST

The "stuff" of industry and manufacturing is at the core of base metals and materials generally. From companies producing raw base metals to end users comprise the constituents for many(…)
Read the rest of Spotlight: Metals & Materials ETFs In Focus (XLB, XME, SLX, JJC, SLV, FCX, AA, RIO)
Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


StockSpotter

Posted: 15 Feb 2011 11:48 AM PST

By Ilene
StockSpotter.com is an intriguing new trading signal service developed by veteran trader John F. Ehlers, author of Rocket Science for Traders.  The StockSpotter service analyses over 3,000 stocks daily, provides daily short-term buy/sell signals, and then tracks its subsequent performance. Its features include:  
1.  Precision – Exact entry and exit timing for both long and short positions.
2.  Simplicity – Easy to learn. 
3.  Accountability … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Housing Crash Bites Deeper; Economic Reality Trumps “It’s Different Here”; Unprecedented Double-Dip

Posted: 15 Feb 2011 11:38 AM PST

Courtesy of Mish
The popular housing notions “It's different this time” as well as the highly regarded corollary “It's different here” continue to bite the big one.
While housing in some cities will always carry a premium, fundamentals, especially price-to-rent ratios, property taxes, and wage growth will eventually matter.
Those fundamentals caught up to cities thought to be immune to a housing slump.
Please consider Housing Crash Is Hitting Cities Once Thought to Be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Investors Flock To Inverse Gold ETFs (DGZ, DZZ, GLL, DUST)

Posted: 15 Feb 2011 11:25 AM PST

Precious metals have been on a tear for much of the last year, no doubt delivering huge profits to some of the hedge fund managers who began stocking up on bullion in early 2010. (…)
Read the rest of Investors Flock To Inverse Gold ETFs (DGZ, DZZ, GLL, DUST)
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(Canada) BMO Financial Group Announces Monthly Cash Distributions For BMO Exchange Traded Funds

Posted: 15 Feb 2011 11:15 AM PST

BMO Financial Group today announced the February 2011 cash distributions for the 20 BMO Exchange Traded Funds (ETFs)* that pay monthly distributions. Unitholders of record at close of(…)
Read the rest of (Canada) BMO Financial Group Announces Monthly Cash Distributions for BMO Exchange Traded Funds
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What’s Behind Call Selling In The MSCI Emerging Markets ETF (EEM)

Posted: 15 Feb 2011 11:06 AM PST

"Emerging-market stocks have been pushing against a major resistance level, and one investor is using options to profit from the passage of time. Our tracking programs detected the sale of 11,250(…)
Read the rest of What's Behind Call Selling In The MSCI Emerging Markets ETF (EEM)
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