Wednesday, February 16, 2011

DailyMarkets.com - How To Use The Schumer Box In Credit Card Offers To Find The Best Credit Card Deal

DailyMarkets.com - How To Use The Schumer Box In Credit Card Offers To Find The Best Credit Card Deal


How To Use The Schumer Box In Credit Card Offers To Find The Best Credit Card Deal

Posted: 16 Feb 2011 07:35 AM PST

How much do you understand about the credit card offers you get in the mail? Yes, there’s the fancy artwork, lines saying you’ve been “pre-approved” for the card, and that irresistible sign-up incentive which could be cash, a free air ticket or a free hotel stay. But – do you understand what’s inside the Schumer Box in the credit card offer? Oh, and by the way, what’s a Schumer Box?

"Schumer Box? What's that?" That is the most common reaction I've gotten from people when asking them … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Producer Price Food Inflation: Crude Vs. Consumer Goods

Posted: 16 Feb 2011 07:18 AM PST

The chart above shows the annual inflation rates for: a) crude foodstuffs and feedstuffs (e.g. wheat, corn, animals for slaughter, peanuts, cottonseed, and soybeans), and b) finished consumer foods (pasta products, processed meats, and bakery products, fresh fruits and vegetables, tree nuts, and eggs), based on today’s BLS report on Producer Price Indexes through January.  

It’s interesting to note the following:

1. Inflation for crude foodstuffs and feedstuffs is much more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Theravance Posts Lower Loss

Posted: 16 Feb 2011 07:05 AM PST

Theravance Inc.'s (NASDAQ:THRX) fourth quarter 2010 loss per share of $0.25 was narrower than the Zacks Consensus Estimate of a loss per share of $0.28 and the year-ago loss of $0.35. Earnings improvement was driven by better top-line performance and lower research and development costs. Revenue at Theravance increased 80% over the prior year to $6.9 million. Revenue was also slightly above the Zacks Consensus Revenue Estimate of $6 million.
For full year 2010, Theravance reported loss per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Wednesday, February 16, 2011 FDO Update

Posted: 16 Feb 2011 07:01 AM PST

We officially removed Family Dollar Stores (symbol: FDO) from our watch list at today’s market open price of $55.50.  FDO returned 24.3% in 26 days while included in our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Advance On Dell, Genzyme; Dow Jones Up 0.37%

Posted: 16 Feb 2011 06:58 AM PST

Forex Pros – U.S. stocks were up after the open on Wednesday, as a flurry of upbeat earnings reports boosted market sentiment and as markets awaited the minutes of the most recent Federal Reserve policy meeting. 

During early U.S. trade, the Dow Jones Industrial Average climbed 0.37%; the S&P 500 index added 0.37%, while the Nasdaq Composite index was up 0.37%.

The world's second largest personal computer maker Dell saw shares rally 7.15% after it reported fourth quarter profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Masimo Beats On Higher Sales

Posted: 16 Feb 2011 06:55 AM PST

Masimo Corporation (NASDAQ:MASI) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time expenses) earnings per share of 29 cents and $1.03, respectively, beating the corresponding Zacks Consensus Estimates of 26 cents and $1.02, and surpassing the year-ago earnings of 23 cents and 88 cents.
Reported net income rose 14.6% year over year to $16.1 million (or 26 cents per share) after taking into account a 2 cent per share one-time marketing and associated expense, which the company had … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aaron’s Profits Up On Lease Sales

Posted: 16 Feb 2011 06:55 AM PST

Aaron’s Inc. (AAN) registered an earnings per share growth of 23.0% in the fourth quarter of 2010, climbing to 38 cents a share from the year-ago quarter earnings of 31 cents. Aaron also outpaced the Zacks Consensus Estimate of 34 cents a share.
For the fiscal 2010, earnings per share came in at $1.44, ahead of the Zacks Consensus Estimate of $1.41 and prior-year earnings of $1.37 per share.
Quarterly Details
Aaron's top line jumped 9.0% to $484.4 million from $446.3 million in the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Eyes 1395 Pending Break Above 1378

Posted: 16 Feb 2011 06:45 AM PST

Gold's Corrective Wave Count to Complete at Fibonacci Cluster (2/15)
Gold (XAU/USD)

- We mentioned yesterday that we are in a corrective rally in gold, but the structure is not clear, and a bullish wave count is valid as well.
- The momentum is bullish in the 1H chart where the RSI shows a bearish divergence, and the price action has flattened out, but another bullish attempt is pending as the RSI remains above 50, reflecting strength in the near-term.
- The 4H RSI shows the market is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down As Crude Oil Prices Rise On Mid East Unrest

Posted: 16 Feb 2011 06:33 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Wednesday, as the price of crude oil, Canada largest export, advanced to a daily high.

USD/CAD hit 0.9858 during European late afternoon trade, the daily low; the pair subsequently consolidated at 0.9868, shedding 0.29%.

The pair was likely to find support at 0.982, the low of February 14 and a 32-month low and resistance at 0.9902, the day's high.

Earlier in the day, crude prices with the March contract on the New … [visit site to read more] or compare Best Credit Cards and Best CD Rates


JAKKS Beats, Outlook Falls Short

Posted: 16 Feb 2011 06:31 AM PST

JAKKS Pacific Inc. (NASDAQ:JAKK) reported fourth quarter 2010 earnings of 30 cents per share, beating the Zacks Consensus Estimate of 25 cents and adjusted earnings of 22 cents in the prior-year quarter. On a GAAP basis, the company reported earnings of 30 cents compared to a loss of 7 cents in the fourth quarter of 2009.
During the quarter, the company reported a 0.4% year-over-year decrease in revenues to $198.0 million. However, the reported revenues were below the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Capella Education Company, DG FastChannel, Fossil, JDS Uniphase, Microvision, Sirius XM Radio, ValueClick, Watson Pharmaceuticals

Posted: 16 Feb 2011 06:31 AM PST

 Fossil (NASDAQ:FOSL) reported Q4 EPS of $1.46, above the Zacks Consensus Estimate of $1.34 per share. Revenues for the quarter rose 32.8% year-over-year to $701.1 million, beating the Zacks Consensus Estimate of $485.0 million

 Watson Pharmaceuticals (NYSE:WPI) reported Q4 EPS of $0.93, in line with the Zacks Consensus Estimate. Revenues for the quarter rose 21.3% year-over-year to $952.7 million, above the Zacks Consensus Estimate of $908.0 million

 LogMeIn (LOGM) reported Q4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US Housing Data Helps Extend USD Strength Vs EUR, GBP, JPY

Posted: 16 Feb 2011 06:27 AM PST

In a surprise result, housing starts in the US jumped 14.6% from a month earlier, putting it at a seasonally adjusted rate of 596,000. That was the best reading since September.

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The news is an indication of life for the battered housing markets. The gains were led by a 77.7% gain in multifmaily constructions. Single-family … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Caution

Posted: 16 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: 16 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


U.S. Industrial Production Falls Unexpectedly In January

Posted: 16 Feb 2011 06:19 AM PST

Forex Pros – Industrial production in the U.S. fell unexpectedly in January, official data showed on Wednesday.

In a report, the U.S. Federal Reserve said that industrial production declined by 0.1% in January, after rising by 1.2% in December, whose figure was revised up from 0.8%.

Analysts had expected industrial production to rise by 0.6% in January.

The report also showed that the capacity utilization rate rose less-than-expected in January, increasing by a seasonally adjusted 76.1%, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


British Pound: The Downside Prevails

Posted: 16 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: 16 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


Gold Traders Ask “What Have You Done For Me Lately?”

Posted: 16 Feb 2011 06:18 AM PST

Today’s Idea
As mentioned in the Fundamentals section of today’s Xpresso, given the sideways action of Gold prices lately, some traders may wish to explore trading strategies that would benefit if prices remain within the approximately $125 trading range. On e such strategy would be selling a strangle using Gold futures options with a call strike price above the recent high of 1434.10 and a put strike price below the recent low of 1309.10. For example, with April Gold trading at 1372.40 as of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Capital Runs Ahead Ests

Posted: 16 Feb 2011 06:06 AM PST

American Capital Ltd.'s (NASDAQ:ACAS) fourth-quarter 2010 operating income of 19 cents per share surpassed the Zacks Consensus Estimate by 2 cents. The results were also ahead of the prior-year quarter's earnings of 7 cents per share. The favorable outcome was due to a drop in operating expenses, though partially offset by a decline in interest and dividend income in the reported quarter.
For fiscal 2010, operating income of 62 cents per share outpaced the Zacks Consensus Estimate of 60 cents. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Peltz To Acquire Family Dollar

Posted: 16 Feb 2011 06:06 AM PST

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently acknowledged that it has received a voluntary offer from Trian Group, led by Nelson Peltz, to acquire the company.
Trian Group, the largest shareholder of the company with approximately 8.0% stake, has offered $55.0 to $60.0 per share or approximately $7.0 billion to Family Dollar.
Prior to it, Peltz's Trian also made major investments in Wendy’s/Arby’s Group Inc. (NYSE:WEN), a fast-food chain … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New LED From Philips

Posted: 16 Feb 2011 06:06 AM PST

Philips Lumileds, a company under Koninklijke Philips Electronics N.V. (NYSE:PHG) and Agilent Technologies, announced the launch of its latest mid-power Light Emitting Diodes (LEDs), called SignalSure, to be used in automotive signaling purpose. The new surface mount LED is available in red-orange and amber colors.
Philips Lumileds' latest LED is designed to be strongest and most dependable surface mount LED, presently used in the automobile industry. The new device is efficient enough to meet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Moves Higher On Swiss Government Support

Posted: 16 Feb 2011 06:05 AM PST

The USDCHF moved higher today and looks toward the next longer term targets . The price has moved higher on the back of the Swiss Government support for exporters and other industries such as tourism which are being hurt by the strength in the CHF.  Although the governments moves are designed to help as a result of the currency strength, the announcement has helped weaken the CHF in the process as well (at least for today).  The SNB tried unsuccessfully to stem the strength of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/JPY In A Throwback; 133.10 Is Key Pivot

Posted: 16 Feb 2011 06:00 AM PST

GBP/JPY's Bullish Scenario Under Possible Elliott Wave Count (2/16)
GBP/JPY

- The GBP/JPY pair has been choppy, with a bullish bias, and finally accelerated higher yesterday. However, the rally is having trouble at the 135.00 resistance level, and the market has brought the pair down towards 134.00 so far today.
- A very healthy bullish trend should see the 134.15 level support another rally. But if it does not, look for the market to find support at the 133.10 key pivot seen in the 4H … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Inflation Report Sends British Pound Sliding

Posted: 16 Feb 2011 06:00 AM PST

The Bank of England today dampened recent speculation that it will meet market demands for any interest rate increase and in the process sent the pound tumbling. A positive session for Asian equities maintained pressures on the Japanese yen, which fell against 12 of its 16 major partners.
U.S. Dollar – An unchanged dollar index means the dollar feels as though it’s less in focus these days as the global economy recovers. Rising equity prices have the potential to unsettle the dollar since the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Reverses Gains After Strong U.S. Housing Data

Posted: 16 Feb 2011 05:59 AM PST

Forex Pros – The euro reversed gains against the U.S. dollar on Wednesday, falling from a three-day high, as stronger-than-expected U.S. housing data fuelled optimism about the U.S. economic recovery.

EUR/USD fell from 1.357, the pair's highest since Friday, to hit 1.3471 during European afternoon trade, slipping 0.09%.

The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.3734, last Thursday's high.

U.S. housing starts climbed 14.6% in January, to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CHF Still Has Parity In Sight

Posted: 16 Feb 2011 05:41 AM PST

US Dollar Strength Being Tested (2/15 Video)
USD/CHF

- The USD/CHF has been very strong in February rallying from 0.9330 to 0.9780, 450 pips. The decline from 0.9780 has not even been a 38.2% retracement and the 0.96 level held as support.
- The RSI has broken above 70, and is now failing to break below 40. A break back above 60, should suggest bullish continuation, confirmed with a reading above 70.
- Did the USD/CHF just complete its correction, ready to head on the parity level?
- The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. PPI Rises In Line With Expectations In January

Posted: 16 Feb 2011 05:41 AM PST

Forex Pros – Producer price inflation in the U.S. rose in line with expectations in January, official data showed on Wednesday.

In a report, the Bureau of Labor Statistics said that PPI rose broadly in line with expectations by a seasonally adjusted 0.8% in January, after rising by 0.9% in December, whose figure was revised down from 1.1%.

The report also showed that core PPI, which excludes food and energy costs, rose more-than-expected, increasing by 0.5% in January, after rising by 0.2% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Building Permits Fall More-than-expected In January

Posted: 16 Feb 2011 05:37 AM PST

Forex Pros – The number of building permits issued in the U.S. fell slightly more-than-expected in January, official data showed on Wednesday.

In a report, the U.S. Census Bureau said the number of building permits issued in January was a seasonally adjusted 0.56 million, down from 0.63 million in December, whose figure was revised down from 0.64 million.

Analysts had expected building permits to fall to 0.57 million in January.

The report also said that U.S. housing starts rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: AUDUSD Maintains Price Below 100 Hour MA

Posted: 16 Feb 2011 05:31 AM PST

The AUDUSD keeps its bearish bias as the price remains below the 100 hour MA and trendline resistance at the 1.0015 area.  If the price stays below this level, the downside is the preferred. direction.
On the downside, the targets become important to surpass. Moving below the levels are needed to satisfy shorts. In the hourly chart above the 0.9972 level is the 61.8% of the move up from the January 20th low to the high reached on February 4th. The price moved below that level yesterday … [visit site to read more] or compare Best Credit Cards and Best CD Rates


J2 Global Beats, Outlook Strong

Posted: 16 Feb 2011 05:25 AM PST

Yesterday, after market close ,j2 Global Communications Inc. (NASDAQ:JCOM) reported excellent financial results for the fourth quarter of 2010.  GAAP net income was $26.9 million or 58 cents per share compared with $17.7 million or 39 cents per share in the year-ago quarter. Fourth-quarter adjusted EPS of 56 cents was significantly higher than the Zacks Consensus Estimate of 40 cents. As a result, in the after-market trade on NASDAQ, stock price of j2 Global was up by 20 cents (0.69%) to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP Slides Following BoE Inflation Report; King Tries To Toning Down Expectations

Posted: 16 Feb 2011 05:23 AM PST

The Bank of England – in its Quarterly Inflation Report – said that its central forecast for inflation is for inflation to peak at 4.4% this year before easing to the 2 % goal by the middle of 2012. It would then actually fall below the target by the end of the forecast period.
We saw yesterday, consumer prices were up 4%, which is double the target rate.

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‘indicator’: … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Fails To Establish Bullish Momentum And Plunges

Posted: 16 Feb 2011 05:14 AM PST

GBP/USD Breaks from Bearish Momentum; Confirms Wave Count (2/15)
GBP/USD

- The Cable started the week in a very choppy manner, first breaking away from the bearish momentum, but now a throwback looks took sharp a decline for the bullish outlook towards 1.63.
- Price action above all suggests a bearish attempt could be kicked off. But I have reasons to believe there is still another rally attempt towards 1.63, even if this becomes a failure of 1.6277, an attempt is anticipated.
- This theory … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests Trendline Support. Back Below 100 Day MA

Posted: 16 Feb 2011 05:13 AM PST

Forex – Dollar Mixed Vs. Rivals As U.S. Economic Releases Eyed

Posted: 16 Feb 2011 05:09 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, ahead of the release of a flurry of U.S. economic data as the Federal Reserve prepared to publish the minutes of its most recent policy setting meeting.

During European 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 0.44% to hit 1.6053.

In its February inflation report, the Bank of England … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Could Be Done With Pullback

Posted: 16 Feb 2011 04:47 AM PST

EUR/USD – Stalking a Pullback (2/11)
EUR/USD

- The EUR/USD may have completed a correction rally. The structure would be a double 3 wave correction.
- The RSI did poke above 60, but there was a quick throwback, and if it breaks below 40 it should reflect bearish continuation.
- Market action is breaking below the rising channel, and should then target 1.3430.
- The 4H chart shows the candle leading into the US session to be a very convincing bearish attempt. The pullback being very minor … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Trims Gains Ahead Of U.S. Economic Data

Posted: 16 Feb 2011 04:41 AM PST

Forex Pros – The euro trimmed gains against the U.S. dollar on Wednesday, easing off the daily high, ahead of the release of a flurry of U.S. economic data.

EUR/USD retreated from 1.357, the daily high, to hit 1.3505 during European early afternoon trade, gaining 0.14%.

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

Earlier in the day, Portugal bought back EUR215 million of bonds due to expire in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bernie Madoff Targets Banks And Hedge Funds: “They Had To Know”

Posted: 16 Feb 2011 04:04 AM PST

Bernie Madoff deserves little sympathy and less attention. That said, those seriously impacted by his crimes deserve not only sympathy but also recompense. Irving Picard, the trustee pursuing that recompense on behalf of Madoff investors, is making some high profile claims and has generated substantial results. That said, selected Madoff investors have informed me that they give Picard very mixed reviews.
While Bernie rots away, he did speak out recently and slightly opened the window into his … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Surges To Daily High After BOE Inflation Report

Posted: 16 Feb 2011 03:29 AM PST

Forex Pros – The euro extended gains against the pound on Wednesday, after the Bank of England indicated that it did not intend to raise interest rates as rapidly as market participants had previously expected.

EUR/GBP hit 0.843 during European morning trade, the daily high; the pair subsequently consolidated at 0.8425, surging 0.74%.

The pair was likely to find support at 0.8354, Tuesday's low and a three-week low and resistance at 0.8476, the high of February 11.

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


GLD: Making A Bottom

Posted: 16 Feb 2011 03:26 AM PST

The SPDR Gold Trust (symbol: GLD) is making an intermediate bottom making support and stop loss levels easily identifiable.
  

Figure 1 is a daily chart of the GLD.  The yellow (and sometimes red and yellow) dots on the price charts represent key pivot points.  Key pivot points represent the most intense zones of buying (support) and selling (resistance).  A “typical” bottoming pattern would be for GLD (and most assets) to trade below a key pivot point or support level … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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