Friday, February 4, 2011

DailyMarkets.com - “New” Brave New World Of 2011

DailyMarkets.com - “New” Brave New World Of 2011


“New” Brave New World Of 2011

Posted: 04 Feb 2011 05:45 PM PST

This is not the "Brave New World" of Aldous Huxley's 1932 book. It is the Brave New World of Facebook and Twitter, ushered in with the evolution of the internet and instant communications.

It burst upon the world on January 25, 2011 when the citizens of Egypt followed the lead of citizens in Tunis that started mass protests to overthrow a totalitarian government.

It is possible to argue that it actually started earlier in January when, on the 13th, protesters filled the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


MMP Trumps Profit Forecast

Posted: 04 Feb 2011 05:26 PM PST

Magellan Midstream Partners L.P. (MMP), a master limited partnership ("MLP"), announced significantly better-than-expected fourth quarter 2010 results, aided by strong transportation volumes.
The oil distributor reported earnings per unit (EPU) of 93 cents (excluding mark-to-market commodity-related pricing adjustments), 16 cents ahead of both the Zacks Consensus Estimate and the year-ago profit.
Revenues came in at $398.5 million, up 12.8% year over year, though it was slightly below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Quest Diagnostics

Posted: 04 Feb 2011 05:26 PM PST

The announcement of Quest Diagnostics' (NYSE:DGX) fourth quarter and fiscal 2010 results on January 25, 2011, has triggered analysts to revise estimates upwards.
Fourth quarter highlights
Quest Diagnostics reported an EPS of 97 cents during the fourth quarter of fiscal 2010, surpassing the Zacks Consensus Estimate of 91 cents although unchanged from the year-ago quarter. Earnings during the quarter included charges associated with workforce litigation and employment reduction, offset by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vicor Technologies (VCRT)

Posted: 04 Feb 2011 05:26 PM PST

Brian Marckx, CFA

Vicor Technologies (VCRT)  -  Our 2011 Preview

While 2010 ended up being somewhat of a disappointment for Vicor from a revenue perspective, we are optimistic that this will not be repeated in 2011.  We look for approximately 50 units placed through the end of 2010 but for this to significantly accelerate through 2011 (we model an installed base of 230 units at FYE 2011).  We believe several catalysts will fuel this more rapid placement rate during 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tyson Tops Estimates

Posted: 04 Feb 2011 05:26 PM PST

Tyson Foods Inc. (NYSE:TSN) delivered first-quarter 2011 adjusted earnings of 81 cents a share, exceeding the Zacks Consensus Estimate of 62 cents by 30.6% and the year-ago earnings of 41 cents by 97.6%.
Revenue and Margins
Net sales recorded a growth of 14.8% to $7.6 billion from $6,662 million in the year-ago quarter, but slightly missed the Zacks Consensus Estimate of $7,306 million. The upswing came as an outcome of sales growth across all its segments.
Tyson's operating income shot up 83.7% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


YRC Worldwide Improves In 4Q10

Posted: 04 Feb 2011 05:26 PM PST

YRC Worldwide Inc. (NASDAQ:YRCW) reported better-than-expected fourth quarter 2010 financial results. Quarterly GAAP net income from continuing operations was $27.9 million or 60 cents per share, compared with net income of $108.3 million (including $120 million of tax benefit) or $38.5 in the year-ago quarter.
YRC Worldwide received a $52 million benefit from an income tax settlement. Excluding this, the company lost 51 cents per share in the quarter, which significantly narrowed the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ABC Tops Earnings; Backs View

Posted: 04 Feb 2011 05:26 PM PST

AmerisourceBergen Corporation's (NYSE:ABC) first quarter fiscal 2011 earnings of 57 cents per share surpassed the Zacks Consensus Estimate by 4 cents. Earnings also increased 9.6% from the year-ago period. Higher revenues and lower share count helped to boost earnings.
Total revenue for the quarter climbed 2.9% to $19.9 billion, in line with the Zacks Consensus Estimate. The year-over-year increase was the result of a 4.8% climb in AmerisourceBergen Drug Corporation revenues, partly offset … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Perrigo Excels, Lifts Outlook

Posted: 04 Feb 2011 05:26 PM PST

Perrigo Company (NASDAQ:PRGO) reported earnings per share of $1.05 for the second quarter of fiscal 2011, easily beating the Zacks Consensus Estimate of 95 cents and the year-earlier earnings of 73 cents per share. Results were driven by a solid top-line and gross margin performance.
Second quarter revenues increased 23% over the prior year to $718 million. Total revenues were also above the Zacks Consensus Estimate of $708 million. The year-over-year revenue growth was aided by strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fiserv Misses By A Penny

Posted: 04 Feb 2011 05:26 PM PST

Fiserv Inc. (FISV) reported adjusted income from continuing operations of $159 million (excluding items) or $1.06 per share in the fourth quarter of 2010, up 13% year over year. The reported figure missed the Zacks Consensus Estimate by a penny.
Including one-time items, net income from continuing operations came in at $119 million, down 7% year over year.
For full year 2010, adjusted income from continuing operations came in at $614 million or $4.05 per share, up 11% year over … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aetna Beats, Raises Dividend

Posted: 04 Feb 2011 05:25 PM PST

Aetna Inc.'s (NYSE:AET) fourth quarter earnings of 63 cents per share came in a couple of pennies ahead of the Zacks Consensus Estimate. The company had earned 40 cents in the prior-year quarter.
Better-than-expected results stemmed from higher commercial underwriting margin due to lower utilization, partially offset by lower Commercial Insured membership. Results were also buoyed by lower share count due to share repurchase activity.
However, including net realized capital gains and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Conmed 4Q Profit Beats, Sales Miss

Posted: 04 Feb 2011 05:25 PM PST

This article has been unpublished. Walter, need new message.
 
CONMED CORP (CNMD): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vodafone Posts Solid 3Q11

Posted: 04 Feb 2011 05:25 PM PST

Vodafone Group plc. (NYSE:VOD) reported strong preliminary results for the third quarter of fiscal 2011. Total group revenue was 11.89 billion GBP (approximately $19.25 billion), up 3.5% year over year. The company is the largest wireless service provider of the world by revenue and second largest by total number of subscribers.
Group Service revenue was 10.96 billion GBP (approximately $17.78 billion), up 2.5% year over year. Significant growth in Service revenue was primarily attributable to an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vertex Loss Lower Than Expected

Posted: 04 Feb 2011 05:25 PM PST

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) posted a lower fourth-quarter 2010 loss (including stock-based compensation expense) of 85 cents per share, compared with the Zacks Consensus Estimate of a loss of 92 cents, but wider than the year-ago loss of 76 cents.
The 2010 loss per share of $3.48 was narrower than the Zacks Consensus Estimate loss of $3.71, but wider than the year-ago loss of $3.46.
Increased expenses related to the potential launch of telaprevir (being developed for the treatment of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: WellPoint

Posted: 04 Feb 2011 05:25 PM PST

Following the release of fourth quarter results on January 26, 2011, majority of the analysts covering WellPoint, Inc. (NYSE:WLP) have made downward revisions to their first and second quarters of 2011 and their annual estimates. However, the annual estimates of 2012 witnessed more of an upward trend among the analysts over the last 7-day and 30-day periods.
Earnings Report Review
The company performed impressively in the fourth quarter, beating the Zacks Consensus Earnings Estimate by 12 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tenneco Misses, Raises Volume

Posted: 04 Feb 2011 05:25 PM PST

Tenneco Inc. (NYSE:TEN) posted a profit of $19 million or 31 cents per share in the fourth quarter of 2010, which was lower than the Zacks Consensus Estimate by 6 cents per share. However, profits rose from $7 million or 13 cents per share in the fourth quarter of 2009 on higher production volumes and improved aftermarket revenues.
Revenues in the quarter grew 19% to $1.58 billion on the back of higher original equipment (OE) production volumes (particularly in North America) and strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fortune Brands Ups, Biz To Spin Off

Posted: 04 Feb 2011 05:25 PM PST

Fortune Brands Inc.'s (NYSE:FO) adjusted earnings for the fourth quarter of fiscal 2010 came in at 63 cents a share, beating the Zacks Consensus Estimate of 58 cents but falling short of the year-ago adjusted figure of 66 cents. Earnings, on a GAAP basis, were 55 cents per share compared with 8 cents per share posted in the year-ago quarter.
For fiscal 2010, the company reported adjusted earnings per share of $2.81, comfortably ahead of the Zacks Consensus Estimate of $2.77. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Siemens Beats Estimates

Posted: 04 Feb 2011 05:25 PM PST

Siemens AG (NYSE:SI) reported earnings per share from continuing operations of €2.00 ($2.71 per ADR) for the first quarter of fiscal 2011 compared with €1.70 per ADR in the year-ago quarter. The Zacks Consensus Estimate for the quarter was earnings per ADR of $2.33.
Revenue 
The company recorded strong growth in orders and revenue, positively affected by currency translation impacts. Total revenue was €19.49 billion ($26.47 billion) compared with €17.35 billion in the first quarter of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Auto Races With Rising Sales

Posted: 04 Feb 2011 05:25 PM PST

The U.S. saw a significant rise in light vehicle sales in January. It grew significantly by 17% to a seasonally adjusted annual rate (SAAR) of 12.6 million units in January, reflecting a strong uplift in the industry. SAAR reached the highest level during the month since the cash-for-clunkers program in the summer of 2009.
All the major automakers posted double-digit gain in sales. Sales at General Motors Co. (NYSE:GM) and Toyota Motor Corp. (NYSE:TM) were mainly driven by higher incentives to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ON Semi Misses By A Sliver

Posted: 04 Feb 2011 05:25 PM PST

ON Semiconductor (NASDAQ:ONNN) reported fourth quarter earnings that were a penny short of the Zacks Consensus Estimate. Revenues were more or less in line, exceeding the Zacks Consensus by 0.4%. As a result, shares dropped 0.04% in after-market trading after sliding 2.91% during the day. We had expected weak results at ON Semi given its high exposure to the computing market, which remained soft in the fourth quarter.
Revenue
ON Semi reported revenue of $579.2 million, which was down 3.6% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WY Strikes Again, Ups Guidance

Posted: 04 Feb 2011 05:25 PM PST

Weyerhaeuser Co. (NYSE:WY) reported its financial results for the fourth quarter and the fiscal year 2010 on February 4. Adjusted net income in the quarter was $52 million, or 10 cents per share compared with a net loss of $109 million, or 52 cents per share in the corresponding quarter of 2009. Earnings per share (EPS) surpassed the Zacks Consensus Estimate of 5 cents.
Earnings per share in the quarter exclude income tax adjustments of approximately $177 million, $31 million gain on sale of rail … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Trimble Tops, Sees Stronger 2011

Posted: 04 Feb 2011 05:25 PM PST

Trimble Navigation's (NASDAQ:TRMB) fourth quarter earnings exceeded the Zacks Consensus Estimate by 5 cents, or 16.1%. GAAP earnings were well ahead of management expectations, while non-GAAP earnings were in-line. Shares gained 3.14% in after-market trading, after losing 1.82% during the day.
Seasonality typically causes huge sequential fluctuations in both revenue and margins. As a result, management generally compares results on a year-over-year basis. We have included sequential comparisons, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


TECO Energy Lags Estimates

Posted: 04 Feb 2011 05:25 PM PST

Energy utility TECO Energy Inc. (NYSE:TE) announced its fourth-quarter 2010 operating earnings of 23 cents per share ($48.9 million), which missed the Zacks Consensus Estimate of 24 cents. The results of the company were also lower than 25 cents ($53.9 million) reported in the year-ago quarter.
GAAP earnings in the quarter were 26 cents per share versus 25 cents per share in the fourth quarter of 2009. The difference between the GAAP and operating earnings during the quarter was due to a $21 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Abiomed Losses Shrink, Shares Up

Posted: 04 Feb 2011 05:25 PM PST

Abiomed (NASDAQ:ABMD) beat expectations in the third-quarter fiscal 2011, raised its revenue outlook for the full year and the stock jumped following the earnings release. The company's third quarter adjusted (excluding one-time items) net loss per share of 1 cent was considerably lower than the Zacks Consensus Estimate of a loss of 9 cents and the year-ago loss of 11 cents.
Net loss (as reported) pared down a staggering 82% year over year to $0.8 million (or 2 cents per share) on the heels of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Big Debate

Posted: 04 Feb 2011 03:53 PM PST

No matter which side of the issue you’re on, I reckon this event, featuring two commentators whose work I regularly follow and enjoy, shouldn’t be missed:
 
Where is the United States headed?
• A 1930s-style deflationary depression?
• Or a Weimar-style hyperinflationary crisis?
For the first time ever, two of the most prominent writers on this issue will face one another in a live online debate, to be held on Thursday, February 10, 2011, at 9pm EST.

Nicole Foss, a.k.a. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Market Grind Wearing On Traders

Posted: 04 Feb 2011 03:18 PM PST

Cusick's Corner
While the market sentiment and trend is bullish, this grinding consolidation is starting to wear on traders. The market needs Financials to break consolidation in order to be in full on bull mode. Tech, QQQQ/XLK, have been leaders, but looks like put activity is picking up (see ETF Action). Lastly, all eyes are on the Middle East and Egypt. The current situation seems to be priced into the markets but any regional escalation could add volatility. Not much on the earnings and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4 Hot Stock Movers To Watch Next Week

Posted: 04 Feb 2011 03:16 PM PST

 ( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) - The recent pull back created a great buying opportunity. IDCC closed again above the $50 mark and is registering a Bullish signal. The 50-day moving average is showing a positive gradient and is rising since the beginning of December. Let's see whether the stock can gather enough momentum to break through $51.03. If the Bulls are able to push through this level, there will be another strong rally.

( click to enlarge )

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


Bearish Engulfing Candles And Trend Structure In Cotton

Posted: 04 Feb 2011 03:06 PM PST

Did you know that Cotton prices have more than doubled since the September period when the first rumors of QE2 were released?
Cotton is a market most of us never chart, but it's doing something interesting right now in terms of a Three Push Pattern and nice Bearish Engulfing Candles.
Let's take a look at the past few months in Cotton, see it double in price, and take a look at the current and past bearish engulfing candle patterns which are rare but fun when they form.

First of all, Cotton … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Ain't Over Yet

Posted: 04 Feb 2011 02:25 PM PST

Earnings Preview 2/04/11

Next week the fourth quarter earnings season is in full swing. A total of 492 firms are due to report, including 61 S&P 500 firms.

So far the earnings season seems to be going well. The firms reporting this week include several icons of U.S. business, including Cisco (NASDAQ:CSCO), Allstate (NYSE:ALL), Phillip Morris (NYSE:PM), Kraft Foods (NYSE:KFT), Disney (NYSE:DIS), Coca Cola (NYSE:KO) and Pepsico (NYSE:PEP).

It will be a relatively light week for economic data, but we will get … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Market Not Motivating

Posted: 04 Feb 2011 02:18 PM PST

Cusick's Corner
To say that this market is highly motivating at this stage would be a stretch. The data out this morning was encouraging on the surface, but when you cut through the twisted adjustments and the twisted statistical calculations, you are hard pressed to make a case for a big data-moved market. With a flat labor market, Fed policy still firmly in place and earnings still strong — the trend is the friend. See you Midday.
Stock market averages have traded in a narrow range … [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: 04 Feb 2011 02:10 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.3581, down 0.39% at time of writing.

The pair was likely to find support at 1.3544, today's low, and resistance at 1.3862, Wednesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 04 Feb 2011 02:05 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.6109, down 0.17% at time of writing.

The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6278, Thursday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Any Statistics Are Good Statistics

Posted: 04 Feb 2011 02:02 PM PST

Any press is good press.
–Public relations aphorism
Given how the stock market responded to this morning’s monthly jobs report from the Bureau of Labor Statistics — which, as noted in the following reports, was less than it seemed — it would appear that the mantra of the modern day equity investor is somewhat akin to that of the PR industry.
That is, any statistics are good statistics.
“Unemployed Still Far More Likely to Drop Out Than Find a Job” (Rortybomb)
While today's jobs numbers … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: AET, TSN, LVS

Posted: 04 Feb 2011 02:00 PM PST

02/04/11 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


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

Posted: 04 Feb 2011 02:00 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/JPY was trading at 82.18, up 0.66% at time of writing.

The pair was likely to find support at 81.13, today's low, and resistance at 82.46, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised up from … [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: 04 Feb 2011 01:40 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.

EUR/USD was trading at 1.3586, down 0.35% at time of writing.

The pair was likely to find support at 1.3544, today's low, and resistance at 1.3862, Wednesday's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 9.00% last month, from 9.40% in the preceding month.

Analysts had expected the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 04 Feb 2011 01:30 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.

GBP/USD was trading at 1.6104, down 0.20% at time of writing.

The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6278, Thursday's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 9.00% last month, from 9.40% in the preceding month.

Analysts had expected the … [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: 04 Feb 2011 01:20 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Unemployment Rate.

USD/JPY was trading at 82.19, up 0.68% at time of writing.

The pair was likely to find support at 81.13, today's low, and resistance at 82.46, today's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 9.00% last month, from 9.40% in the preceding month.

Analysts had expected the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three ETFs To Play Emerging Market Debt

Posted: 04 Feb 2011 01:18 PM PST

As developing nations continue to draw investor attention, opportunities in developing market debt may present a viable opportunity.
To not much surprise, many have been turning to developing nations mainly due to their aggregate, or combined, size and expected exponential growth compared to the United States in the near future.   In fact, a recent study indicates that 97% of the world's population, 75% of its economic production and nearly 67% of stock market capitalization is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Close Higher; Dow Jones Up 0.25%

Posted: 04 Feb 2011 01:10 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.25%, the S&P 500 index gained 0.29%, while the Nasdaq 100 index climbed 0.65%.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised up from 103.00K.

Analysts had expected U.S. non-farm payrolls to rise 150.00K … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Employment Report In Depth, Pt. 2

Posted: 04 Feb 2011 12:55 PM PST

Demographics of Joblessness

Men vs. Women

This recession has hit men harder than it has hit women. However, over the past year, things seem to be "evening out" between the genders. This month the news was good for almost all demographic groups.

In January, the unemployment rate for adult men (over 20) fell to 8.8% from 9.4% in December and from 9.9% November. It is down from 10.0% a year ago. A bit of the decline is an illusion though as the participation rate for men fell from 74.0% a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 04 Feb 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.6102, down 0.21% at time of writing.

The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6278, Thursday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 04 Feb 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/CAD was trading at 0.9883, down 0.29% at time of writing.

The pair was likely to find support at 0.9832, today's low, and resistance at 1.0058, Monday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 36.00K last month, from 121.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mixed Economic Reports Lead To Slight Rise In Risk Aversion

Posted: 04 Feb 2011 12:00 PM PST

02/04/11 Mixed jobs reports out of the US have paved the way for investors to shy away from higher-yielding, riskier assets this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Option Strategies And Spreads Suggest Good Times On The Horizon For JPMorgan

Posted: 04 Feb 2011 11:06 AM PST

Option strategies and spreads suggest good times on the horizon for JPMorgan
Today’s tickers: JPM, GG, CVA & RSH
JPMorgan Chase & Co. (NYSE:JPM) – Bullish sentiment on JPMorgan is alive, well and flourishing by the looks of transactions taking place in April contract call and put options this afternoon. Shares in the name are down 1.7% at $44.69 as of 1:00pm in New York, but some strategists are positioning for the stock to rally during the next few months. JPM-bulls are taking advantage … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rises On Egypt, Again

Posted: 04 Feb 2011 06:00 AM PST

02/04/11 Growing concern over crude supplies due to political tensions in Egypt have helped push crude above $91 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Broker Watch Featuring Conygar, Monitise, Modern Water, Pace And RPS Group

Posted: 04 Feb 2011 05:29 AM PST

Cenkos Securities this week rated real estate investor Conygar Investment Company (LON:CIC) a BUY on grounds that the shares look "outstandingly cheap" given the group's significant cash war chest, strong management and track record for making strong returns on investments. Conygar's strategy is to buy undervalued investment-based companies, assets or portfolios and then apply appropriate leverage, asset-manage and recycle capital into new opportunities with the objective of generating … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Breadbasket Of Europe

Posted: 03 Feb 2011 10:00 PM PST

Tim Steinle, co-manager of the Eastern European Fund (EUROX), was in Kiev, Ukraine this week doing some field research on growing investment opportunities in the former breadbasket of the Soviet Union.
With a territory larger than France and a population more than half of Germany's, Ukraine has the potential for becoming a major European economy.
Ukraine was one of the worst-hit economies in Europe during the economic downturn, as the country's GDP fell 15 percent in 2009 on a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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