Wednesday, February 16, 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: 16 Feb 2011 06:05 PM PST

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

EUR/USD was trading at 1.3604, up 0.26% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3608, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8442 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Fog Of Currency War

Posted: 16 Feb 2011 05:45 PM PST

Criticism of China's exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing quantitative easing. What the US needs to do for a sustainable turnaround is to learn from other successful economies like China and Germany – not de-rail them.

One way to expose the economic mumbo-jumbo that is applied to the Chinese exchange rate by otherwise respectable economists is to look at it from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During Asian Trade

Posted: 16 Feb 2011 05:35 PM PST

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

EUR/JPY was trading at 113.59, up 0.04% at time of writing.

The pair was likely to find support at 112.10, Monday's low, and resistance at 113.65, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.17% to hit 1.3592 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The Asian Session

Posted: 16 Feb 2011 04:45 PM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Thursday.

GBP/JPY was trading at 134.55, down 0.10% 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 down against the Euro, with GBP/USD gaining 0.01% to hit 1.6098 and EUR/GBP rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boston Mayor’s Wal-Mart Jihad

Posted: 16 Feb 2011 04:36 PM PST

"Wal-Mart does not suit the clientele we have in the city of Boston. I don't need employers like that in our city."

From Michael Graham in The Boston Herald:

“Will Mayor Tom Menino save Boston's poorest families from the scourge of  . . . everyday low prices? Yes, the wolves of Wal-Mart are again at the city's door. They want to spend millions building a store, hiring construction workers and creating hundreds of permanent jobs. No wonder the mayor hates them.

I'd love to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEO Spotlight: Super Bowl XLV Champion Green Bay Packers

Posted: 16 Feb 2011 04:05 PM PST

02/16/11 Following their Super Bowl XLV victory, Green Bay Packers CEO Mark Murphy alongside players Charles Woodson, Ryan Grant, and John Kuhn give us an interview on team finance, visiting the NYSE, & how it feels to win the Super … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shutterfly Lowered To Neutral

Posted: 16 Feb 2011 03:55 PM PST

We recently downgraded our rating on Shutterfly Inc. (NASDAQ:SFLY) from Outperform to Neutral. The rating was downgraded primarily due to lower seasonal demand, which would lead to losses in the first quarter and siften the impact of the WMSG acquisition.
Fourth Quarter Flashback
Shutterfly's adjusted fourth-quarter 2010 earnings of $1.18 per share fsurpassed the Zacks Consensus Estimate of 95 cents. The company's earnings also topped its own guidance range of 97 cents to $1.04.
In the quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Earnings, Euro-zone Construction Output, USCPI, Jobless Claims, Leading Indicators, Philadelphia Fed Survey

Posted: 16 Feb 2011 10:50 AM PST

02/17/11 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 Down In Asian Trade

Posted: 16 Feb 2011 03:50 PM PST

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

NZD/USD was trading at 0.7546, down 0.01% 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 0.03% to hit 1.3290 and EUR/NZD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard

Posted: 16 Feb 2011 03:35 PM PST

Earlier this month, oil refiner and marketer Sunoco Inc. (NYSE:SUN) announced its financial results for the fourth-quarter and year-end 2010.
Now that the analysts have had some time to ponder over the quarterly performance of Sunoco, they are weighing their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook.
Earnings Review
On February 3, 2011, Sunoco reported better-than-expected fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Bag From Gen-Probe

Posted: 16 Feb 2011 03:35 PM PST

Diagnostic products maker Gen-Probe Inc (NASDAQ:GPRO) reported fourth-quarter fiscal 2010 adjusted (excluding one-time gains and charges) earnings of 61 cents, surpassing the Zacks Consensus Estimate of 55 cents and the year-ago earnings of 52 cents.
Net income (as reported) for the quarter jumped 13% year over year to $27.2 million (or 56 cents a share) as lower costs and tax offset a decline in sales. For the full year, adjusted earnings of $2.19 per share also topped the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Data Points To Inflation

Posted: 16 Feb 2011 03:18 PM PST

Cusick’s Corner
Inflation. The market this morning seems to think that inflation may be coming faster than originally anticipated. This was reflected in the PPI numbers that came in shockingly high, mostly due to commodity inflation. This puts further constraints on the consumer and whether or not they can absorb more at the checkout counters while there is still little income growth. In the short-term I am watching the 1337 on the SPX cash and 1334 on the S&P e-mini March futures, these … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: FOMC Minutes Optimistic

Posted: 16 Feb 2011 03:18 PM PST

Cusick's Corner
The S&P 500 has now doubled its value from two years ago and the tone of the overall market remains upbeat. Corporate earnings are staying positive. The FOMC Minutes that were released today sounded more optimistic about the nation's recovery; however they were not satisfied with job growth. On the economic calendar for tomorrow — economists project that the CPI probably increased 0.3% for January mostly due to increases in energy and food costs, but we will know the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Advance Auto Posts Escalating Profit

Posted: 16 Feb 2011 03:10 PM PST

Advance Auto Parts Inc. (NYSE:AAP) reported a 40% rise in profit to $48.1 million or 57 cents per share for the fourth quarter fiscal 2010 ended January 1, 2011 from $34.5 million or 36 cents per share in the same period a year ago. The profit even exceeded the Zacks Consensus Estimate by 2 cents per share.
The increase in profit was driven by the company's aggressive store expansion strategy, enabling better availability of parts to its customers, thereby leading to higher comparable store … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FirstEnergy Falls Short Of Ests

Posted: 16 Feb 2011 03:05 PM PST

Diversified energy company FirstEnergy Corp. (NYSE:FE) announced its fourth-quarter 2010 operating earnings of 70 cents per share, falling short of the Zacks Consensus Estimate of 78 cents per share. The results were also lower by 7 cents over the year-ago earnings of 77 cents per share.
The GAAP earnings of the company during the quarter were 61 cents per share versus 78 cents per share reported in the fourth quarter of 2009. The difference between the basic GAAP and operating earnings was due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How The Fed Staff Sees The Economy

Posted: 16 Feb 2011 03:05 PM PST

The Federal Reserve just released the minutes to its most recent meeting, held on January 25th and 26th. Below we present the Staff's assessment of the current economic environment. My commentary/translation of their assessment is interspersed throughout. I have also included links to posts that have discussed the more recent data that has come out since the Fed meeting, below were they discuss the older data.

“The information reviewed at the January 25–26 meeting indicated that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Thermo Raises Fund For Buyout

Posted: 16 Feb 2011 03:05 PM PST

Thermo Fisher Scientific (NYSE:TMO) plans to raise funds in three installments – $300 million of 2.05% senior notes due 2014 (issued at 99.971% of the principal amount), $900 million of 3.2% senior notes due 2016 (issued at 99.939% of the principal amount), and $1 billion of 4.5% senior notes due 2021 (issued at 99.353% of the principal amount).
Apart from general corporate purposes, proceeds from the issue will be utilized to meet the company's proposed acquisition of Dionex Corporation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manila Water Company (MWC) Causes Traffic But Brings Money?

Posted: 16 Feb 2011 03:04 PM PST

Manila Water Company or MWC in the Philippine Stock Exchange, a subsidiary of Ayala Corporation, is in the business of water delivery and sewerage sanitation services to the East block of Metro Manila. MWC, however, is notorious to a lot of people who lives and do business in Quezon City, Makati, San Juan, Taguig, Mandaluyong, Manila, Pateros, and Marikina because of the traffic congestion that they company cause on the roads. As if Metro Manila's streets aren't congested enough, here's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Agilent Tops, Lifts 2011 Outlook

Posted: 16 Feb 2011 02:35 PM PST

Agilent Technologies' (NYSE:A) first quarter earnings beat the Zacks Consensus by 3 cents, or 5.3%. Revenue growth, expansion in Electronic Measurement segment margins, a lower interest expense and a lower tax rate helped drive results in the last quarter.
Revenue
Agilent's revenue was down 3.3% sequentially (normal seasonality) and up 25.6% year over year. Excluding the impact of Varian, Agilent's revenues were down 3.6% sequentially and up 25.2% from last year, more or less in line with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Genzyme-Sanofi In Agreement

Posted: 16 Feb 2011 02:25 PM PST

After months of negotiations, Sanofi-Aventis (NYSE:SNY) and Genzyme Corporation (NASDAQ:GENZ) finally entered into a definitive agreement for the acquisition of Genzyme. Per the terms of the agreement, Genzyme shareholders will receive $74 per share in cash (or $20.1 billion) in addition to a contingent value right (CVR) for each share.
The CVR will allow each shareholder to receive additional payments related to Lemtrada (alemtuzumab for multiple sclerosis) and the achievement of specified production … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Devon Shines With Good Volumes

Posted: 16 Feb 2011 02:25 PM PST

Devon Energy Corp. (NYSE:DVN) reported fourth-quarter 2010 adjusted EPS of $1.57, which was above the Zacks Consensus Estimate of $1.39. On a GAAP basis, the company reported an EPS of $1.29 versus $1.49 in the year-ago quarter, including one-time items relating to the sale of assets.
For full year 2010, Devon Energy posted earnings of $6.39 per share, beating the Zacks Consensus Estimate of $6.00 by 39 cents. GAAP earnings for the full year were $10.31 per share compared with a net loss of $5.58 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trade Ideas For Thursday, February 17

Posted: 16 Feb 2011 02:22 PM PST

( click to enlarge )

Sirius XM Radio Inc. (NASDAQ:SIRI) broke out last week with very good volumes. The stock could touch an upside target of $2 in the medium term. SIRI will face some resistance in the zone between $1.85 and $1.88. Once this zone is surpassed, there can be a rally to $2 and then $2.15. Hold with a stop at $1.61. Fresh buying can also be done with the same stop.

( click to enlarge )

Level 3 Communications, Inc. (NASDAQ:LVLT) has been on fire the past few weeks, and looks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

02/16 FX Options Report

Posted: 16 Feb 2011 02:10 PM PST

The USD pared earlier session gains vs. the EUR. The BoE inflation report eased expectations of an immediate rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADI Reports In-Line Quarter

Posted: 16 Feb 2011 02:05 PM PST

Analog Devices' (NYSE:ADI) fiscal first quarter earnings beat the Zacks Consensus Estimate by a penny. Revenue was more or less in line with expectations. Results were within management's expectations on revenue and slightly exceeded on the gross and operating margin lines.
Analog Devices shares reacted positively in after-hours trading, rising 1.5%. We also note that while earnings continue to beat the Zacks Consensus, the surprise percentage has been trending down over the past few quarters. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Penske Profit Jumps 52%

Posted: 16 Feb 2011 02:05 PM PST

Penske Automotive Group Inc. (NYSE:PAG) posted a whopping 52% increase in profit to $29.5 million or 32 cents per share (excluding a net after-tax gain) in the fourth quarter of 2010 from $19.4 million or 21 cents per share in the corresponding quarter of previous year. With this, the company also beats the Zacks Consensus Estimate of 26 cents per share.
The higher profit was attributable to an improvement in retail environment in the U.S. as reflected in a 9.4% increase in same store retail units … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 16 Feb 2011 01:55 PM PST

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

EUR/USD was trading at 1.3570, up 0.62% 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 0.80% to hit 0.8431 and EUR/JPY rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 16 Feb 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.

USD/JPY was trading at 83.66, down 0.13% at time of writing.

The pair was likely to find support at 83.10, Monday's low, and resistance at 83.97, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.60% to hit 1.3567 and GBP/USD falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Air Products Withdraws Airgas Bid

Posted: 16 Feb 2011 01:36 PM PST

Air Products and Chemicals (NYSE:APD) withdrew its $5.9 billion offer to acquire Airgas Inc. (NYSE:ARG) after a Delaware Judge upheld Airgas' poison pill defense. Air Products had taken the case to the Delaware court so that it would be allowed to buy the company for $70 per share.
According to management of Air Products, the Board of Directors of Airgas barred its shareholders from deciding whether they wanted to accept the all cash offer of $70.00. Subsequently, Air Products decided to withdraw … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Delphi Drives Ahead

Posted: 16 Feb 2011 01:36 PM PST

Delphi Financial Group, Inc.’s (NYSE:DFG) fourth quarter 2010 core operating income of 96 cents per share was a dime ahead of the Zacks Consensus Estimate of 86 cents. The company had reported earnings of 86 cents in the prior-year quarter. Operating earnings benefited from high sales of fixed annuities and a higher net investment income.
Delphi, an integrated employee benefits services company, reported FY10 core earnings of $3.50 per shares, falling in line with the upper end of its guidance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

RC2 Misses Zacks Estimate

Posted: 16 Feb 2011 01:36 PM PST

RC2 Corporation (NASDAQ:RCRC) reported fourth quarter 2010 adjusted earnings of 49 cents per share, below the Zacks Consensus Estimate of 55 cents, but above 43 cents in the prior-year quarter. The earnings results were driven by top line growth and operating margin expansion.
On a reported basis, including the impact of litigation settlement cost and acquisition-related costs, RC2's earnings were 45 cents per share, up 18.4% year over year.
For the quarter, net sales upped 2.3% from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caplan, Lindsey, Boudreaux: The “Slight Stagnation” Using Machine-Age National Income Accounting

Posted: 16 Feb 2011 01:30 PM PST

Brink Lindsey writes on the Growthology blog about Tyler Cowen’s e-book “The Great Stagnation,” and Bryan Caplan comments here on Econlog in a post titled “Lindsey on the Great Slight Stagnation.” 

Brink provides some data on real GDP per-capita in different periods back to 1820, and Bryan reproduces those data in his post.  The charts above (unadjusted dollars and semi-log form) show annual real GDP per-capita back to the year 1800 using data from Global Financial Data (paid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 16 Feb 2011 01:25 PM PST

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

EUR/USD was trading at 1.3563, up 0.57% 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 0.80% to hit 0.8430 and EUR/JPY rising 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Budget Baloney (1): Why Social Security Isn’t A Problem, And The Best Way To Fix The Small Piece Of It That Needs Fixing

Posted: 16 Feb 2011 01:15 PM PST

New Jersey Governor Chris Christie, a Republican presidential hopeful, says in order to "save" Social Security the retirement age should be raised. The media are congratulating him for his putative "courage." Deficit hawks are proclaiming Social Security one of the big entitlements that has to be cut in order to reduce the budget deficit.
This is all baloney.
In a former life I was a trustee of the Social Security trust fund. So let me set the record straight.
Social Security isn't … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 0.50%

Posted: 16 Feb 2011 01:10 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.50%, the S&P 500 index gained 0.63%, while the Nasdaq 100 index climbed 0.67%.

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 expected U.S. industrial production to rise 0.60% last month.

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

Closing Bell Market Monitor: DE, SNY, FDO

Posted: 16 Feb 2011 08:00 AM PST

02/16/11 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

Nabors Tops Zacks Consensus

Posted: 16 Feb 2011 12:55 PM PST

Global land drilling contractor Nabors Industries Ltd (NYSE:NBR) reported better-than-expected fourth quarter and full-year 2010 results benefiting from the addition of the Superior Well Services and a strong North American market.
Earnings per share from continuous operations (excluding special items) came in at 44 cents, surpassing the Zacks Consensus Estimate of 37 cents and above 12 cents earned in the year-ago quarter.
Full-year 2010 earnings from continuous operations were $1.03 per share, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pipeline At Alkermes Advances

Posted: 16 Feb 2011 12:55 PM PST

Alkermes Inc.'s (NASDAQ:ALKS) pipeline received a shot in the arm with its candidate ALKS 37 faring well in a mid-stage study (n=87) in patients suffering from opioid induced constipation.
Results revealed that treatment with ALKS 37 reduced constipation arising out of the intake of opioid pain therapies without compromising on the efficacy of the drugs. Alkermes intends to present complete results from the study at an upcoming medical conference.
The multi-center, randomized, double-blind, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 16 Feb 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.6101, down 0.16% at time of writing.

The pair was likely to find support at 1.5964, Friday's low, and resistance at 1.6186, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.76% to hit 0.8428 and GBP/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Billiton’s Strong Results

Posted: 16 Feb 2011 12:35 PM PST

BHP Billiton Ltd. (NYSE:BHP) has reported strong interim results for fiscal 2011 with net income (excluding special items) of $10.5 billion, almost double from $6.1 billion in the first half of fiscal 2010. Earnings per ADR excluding special items also grew to $1.89 from $1.10 in the previous half.
Revenues increased 45.8% to $32.35 billion from $22.20 billion in the first half of fiscal 2010. Adjusted EBIT was $14.8 billion, an increase from $8.5 billion and EBITDA grew to $17.3 billion from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rogers Communications In Line

Posted: 16 Feb 2011 12:35 PM PST

Rogers Communications Inc. (NYSE:RCI) declared financial results for the fourth quarter of 2010, which were almost in line with the Zacks Consensus Estimates. However, in order to increase its shareholders' wealth, the Board of Directors has taken two important decisions.
Firstly, Rogers Communications raised its annualized dividend rate by 11% to $1.42 from its existing $1.28 for every Class A Voting and Class B non-Voting shares, effective immediately. Secondly, the Board of Directors also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Of The Day: If Economics Were A Hobby…

Posted: 16 Feb 2011 12:23 PM PST

“Few [economists] intrinsically enjoy academic economics. Don’t believe me? Ask yourself this: If economics were a hobby rather than a profession, how many leading economists would do conventional research in their spare time for free? If you can say “10%” with a straight face, let me know.”

From Bryan’s blog post yesterday: “Why Do So Many GMU Economists Blog?”
  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Breaks 100 Hour MA/trendline And RUNS

Posted: 16 Feb 2011 12:07 PM PST

As per an earlier post today (CLICK HERE), the 100 hour MA and trendline resistance was a key "borderline" level for the AUDUSD.  The price – true to form – moved above the two key levels and a wave of buying sent the price higher. 
The pair has moved above the 38.2% of the recent move down at 1.0049 and looks toward the 200 hour MA as the next key target level for the pair. That level currently comes in at the 1.0066 level.
On the downside, look for corrections to find buyers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Abercrombie Tops On Price Cuts

Posted: 16 Feb 2011 12:05 PM PST

Abercrombie & Fitch Co. (NYSE:ANF) registered earnings of $1.38 per share in the fourth quarter of fiscal 2010, thereby surpassing the Zacks Consensus Estimate of $1.32 per share and handily beating the prior-year net income of 91 cents per share.
The teen retailer's strong results primarily emanated from the company's strategy of price cuts and promotions, which boosted top-line growth. On a GAAP basis, the company reported earnings per share of $1.03 versus 53 cents earned in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stanley Black & Decker Ups Dividend

Posted: 16 Feb 2011 12:05 PM PST

StanleyBlack & Decker's (NYSE:SWK) Board of Directors recently approved a 21.0% hike in the company's quarterly dividend rate. The revised quarterly rate now stands at 41 cents per common share compared with 34 cents in the previous quarter, resulting in annual rate of $1.64 per common share. The new dividend will be paid on March 22, to shareholders as of the close of business on March 2, 2011.  
The revision reflects the company's 44th consecutive annual dividend increase and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In U.S. Trade

Posted: 16 Feb 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9854, down 0.44% at time of writing.

The pair was likely to find support at 0.9850, today's low, and resistance at 0.9987, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.56% to hit 1.3562 and GBP/USD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wal-Mart Deserves The 2011 Nobel Peace Prize

Posted: 16 Feb 2011 12:01 PM PST

Wal-Mart is frequently criticized for putting local merchants out of business when it opens a new store, but the video above shows a much different story of what happened in Chicago – the neighborhood became safer, it attracted 22 new stores and businesses to the area, it created hundreds of new jobs at Wal-Mart, and also helped to generate a net increase of hundreds of new jobs in the neighborhood at other stores and businesses.

Inspired by this Vancouver Sun article, I herby nominate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Back Above The 200 Hour MA

Posted: 16 Feb 2011 11:39 AM PST

The 1.3585 level is the 50% retracement. The high for the day comes in at 1.3586.  Trendline resistance comes in at the 1.3597 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“We’ve Doubled Off Lows Of Two Years Ago”

Posted: 16 Feb 2011 10:48 AM PST

02/16/11 Cuttone & Company’s Bernie McSherry discusses the latest equity market action, and weighs in on fundamentals and individual … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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