Monday, February 7, 2011

DailyMarkets.com - Review Of Capital One Orbitz Visa Platinum Credit Card: Earn Up To 3 Points Per Dollar On Travel Booking

DailyMarkets.com - Review Of Capital One Orbitz Visa Platinum Credit Card: Earn Up To 3 Points Per Dollar On Travel Booking


Review Of Capital One Orbitz Visa Platinum Credit Card: Earn Up To 3 Points Per Dollar On Travel Booking

Posted: 07 Feb 2011 07:35 AM PST

Before you apply for this travel rewards card, read this!

The Capital One Orbitz Visa Platinum credit card is a travel rewards card that rewards you with points whenever you book vacation packages, hotels, flights and all types of travel related services on online travel booking site Orbitz.com (NYSE:OWW). This card, issued by Capital One Financial (NYSE:COF), also gives you points for practically everything else you buy with your credit card. As a Visa (NYSE:V) Platinum card, it has many exclusive … [visit site to read more] or compare Best Credit Cards and Best CD Rates


7 Rigs Added To U.S. Drilling Count

Posted: 07 Feb 2011 07:20 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Pride International (PDE), Nabors Industries (NBR), Patterson-UTI Energy (PTEN) … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Action Date For AZN’s Brilinta

Posted: 07 Feb 2011 07:20 AM PST

AstraZeneca (NYSE:AZN) recently announced that the US Food and Drug Administration (FDA) has issued a new action date for Brilinta (ticagrelor). The FDA is treating AstraZeneca's response to the agency's Complete Response Letter (CRL) as a class II resubmission and has set a target date of July 20, 2011. AstraZeneca is looking to get Brilinta approved for the treatment of acute coronary syndrome (ACS).
CRL Issued in Dec 2010
The FDA had issued a CRL on Dec 16, 2010 for Brilinta. At that time, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: MannKind

Posted: 07 Feb 2011 07:20 AM PST

MannKind Corporation (NASDAQ:MNKD) is all set to announce its fourth quarter and full year 2010 results on February 10, 2011. The Zacks Consensus Estimate for the fourth quarter of 2010 hints at a loss of $0.40 per share, as against a loss of $0.53 incurred in the year ago quarter. The Zacks Consensus Estimate for 2010 suggests a loss of $1.57, which is $0.50 narrower than the 2009 loss.
Third quarter 2010 recap
MannKind's third quarter 2010 net loss of $0.40 per share was wider than the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Northrop Gears Up For F-35 Fighter

Posted: 07 Feb 2011 07:20 AM PST

Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NYSE:NOC) signed a long-term F-35 Joint Strike Fighter (JSF) program parts agreement with an Australian advanced materials company Quickstep Technologies. Per the agreement, Quickstep Technologies will supply components for the JSF program that includes F-35 lower side skins, maintenance access panels and fuel tank covers. Northrop expects first delivery of production parts in May 2012.
The F-35 is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


C.R. Bard Reaffirmed ‘Neutral’

Posted: 07 Feb 2011 07:20 AM PST

We reiterate our Neutral recommendation for leading medical devices maker C.R. Bard (NYSE:BCR). The company posted mixed fourth quarter and fiscal 2010 results with earnings topping the Zacks Consensus Estimates while revenues missing the forecasts. Profit for the quarter soared 29% year over year riding on higher sales and lower tax.
The company's core Vascular segment saw yet another strong quarter with revenues growing at a double-digit clip, buoyed by healthy sales from both domestic and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nippon Outperforms

Posted: 07 Feb 2011 07:20 AM PST

Nippon Telegraph & Telephone Corp. (NYSE:NTT) declared its third quarter fiscal 2011 (ending March 31, 2011) financial results that were better than the company's revised guidance. On a GAAP basis, net income in the reported quarter was approximately $1,734.3 million, up 4.6% year over year. Quarterly ADS (American Depository Share) was nearly 66 cents, up 4.7% year over year. Quarterly total revenue of $30,828.8 million was an increase of 0.6% year over year. The increase was primarily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bought SFMI – $0.1670

Posted: 07 Feb 2011 07:16 AM PST

I just remembered that my only purchase last Friday, Silver Falcon Mines (SFMI) at $0.1670, I forgot to post…..so here it is!

Click on the chart to ENLARGE

My TSI Trading record has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: AOL, BEC, DHR, HAS, L

Posted: 07 Feb 2011 07:15 AM PST

02/07/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/JPY Targets 110.30; 109.50

Posted: 07 Feb 2011 07:05 AM PST

Forex Video Technical Update 2/3/2011 – Euro's Topping Action Spreads: Will it Sustain?
EUR/JPY

- The EUR/JPY pair confirms the downtrend as the rally to start the week failed sustain a break back above the 112.00 pivot.
- The candlestick action also suggests bears are in control. Projections look towards 111.30, between the 50 and 61.8% retracement level. It is also where the 200SMA resides.
- The decline can extend to 109.50 to test the 61.8% retracement level and an important pivot as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Know For Monday: Research In Motion, BHP Billiton, Vale, Rio Tinto Group, Tyson Foods, JDS Uniphase, Aetna

Posted: 07 Feb 2011 06:51 AM PST

U.S. stocks rose Friday, reversing losses and sending the S&P 500 Index to the highest level since June 2008, after the unemployment rate unexpectedly dropped and more companies beat earnings estimates. Tyson Foods (NYSE:TSN), the largest U.S. meat processor, and JDS Uniphase (NASDAQ:JDSU), the nation's biggest network analysis company, both advanced at least 5.6% as profits beat analyst estimates.  Aetna (NYSE:AET), the health insurer whose earnings also exceeded projections, jumped 12% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Market Watch – The Book Of (ELI)

Posted: 07 Feb 2011 06:42 AM PST

An Andrew Tan-led company, Empire East Land Holdings, Inc. or ELI in the Philippine Stock exchange caught the market's attention in today's (February 7) trading when it rose by more than 14.52% from an opening of PHP 0.64 to a to close at its daily high of PHP 0.71. So looking at its price canvas above, you will see that ELI had already broken out from a complex cup and handle pattern about three weeks ago before making a return trip back towards the formation's neckline. for awhile … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Apple, Biodel, Coinstar, FEI Company, Gamestop, JDS Uniphase, TECO Energy, Verizon Communications

Posted: 07 Feb 2011 06:35 AM PST

 TECO Energy (NYSE:TE) reported Q4 diluted EPS of $0.26, slightly above the Zacks Consensus Estimate of $0.25 per share. Revenues for the quarter rose 1.3% year-over-year to $775.0 million, lower than the Zacks Consensus Estimate of $932.0 million

 GameStop (NYSE:GME) said its board of directors has approved $500 million as additional funds for its share and debt repurchase program

 Verizon Wireless (NYSE:VZ) reported that it has stopped taking preorders for the iPhone 4, 17 hours … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Slow Start Has Dollar Back-peddling After Earlier Gains

Posted: 07 Feb 2011 06:27 AM PST

It’s a mixed start for currency trading on Monday. The dollar continues to feel the afterglow of a positive response to Friday’s employment report, ambiguous or otherwise. The euro seems a little sloppy in the aftermath of a Brussels meeting of ministers at which Germany seemed to offend everyone with its vision of the euro of the future. Cohesive action has been pushed out for a further six weeks leaving the euro a touch lower.
U.S. Dollar – The dollar stumbled out of the gate on Monday before … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Capped By A Negative Trend Line

Posted: 07 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


Japanese Yen: Under Pressure

Posted: 07 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


British Pound: The Downside Prevails

Posted: 07 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: 07 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


What To Expect In The Week Ahead: Can Recent Data Shift Dynamics In EUR/USD?

Posted: 07 Feb 2011 06:17 AM PST

The second week of the month is much less busy in terms of key macro-economic releases. Market participants will therefore be pricing in and digesting the host of news put out last week including a strange non-farm payroll report in which weather distortions in the headline number – gain of 36K jobs compared to 138K expected – undermined what was a good signal in that the unemployment rate dropped to a 9% from 9.4%.
Stronger employment data benefits that USD as it, along with inflation, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD In Bearish Correction; 1.60 Is Key Support For Elliott Wave Count

Posted: 07 Feb 2011 06:15 AM PST

Previous post on GBP/USD (Video): 2/4/2011
The Sterling is Hanging on to Gains (2/4/2011)
GBP/USD

- The GBP/USD is contained in a declining channel after nearly testing 1.63.  The decline has so far retraced 50% of the previous rally at 1.6050. The market now with a failed rally attempt is declining again towards this low.
A break below 1.6050, suggests a test of 1.60. This will be a cluster of the 61.8% retracement and 78.6% projection of the swing from 2/3/ to 2/5 to the current down … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard

Posted: 07 Feb 2011 06:10 AM PST

Late last month, electric utility firm Southern Company (SO) announced its financial results for the fourth quarter ended December 31, 2010.
Now that the analysts have had some time to ponder over the quarterly performance of Southern Company, they are weighing in 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 January 26, 2011, Southern Company announced in-line … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Erases Losses After Weak Canada Permits Data

Posted: 07 Feb 2011 06:10 AM PST

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Monday, after data showed that the number of Canadian building permits issued in December rose less-than-expected.

USD/CAD rebounded from 0.9857, the daily low to hit 0.9885 during European late afternoon trade, gaining 0.13%.

The pair was likely to find support at 0.9831, Friday's low and a 32-month low and resistance at 0.9939, Friday's high.

Statistics Canada said that the number of new building permits … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Plum Creek

Posted: 07 Feb 2011 06:06 AM PST

Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 fourth quarter recurring earnings of 45 cents per share, which marginally exceeded the Zacks Consensus Estimate by a penny.
We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term outlook for the stock.
Earnings Report Review
Total revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Bristol-Myers

Posted: 07 Feb 2011 06:06 AM PST

Following the release of fourth quarter and full year 2010 results on January 27, 2011, there have been significant revisions to the annual estimates for Bristol-Myers Squibb Company (NYSE:BMY) for 2011 and 2012 by many of the analysts covering the pharma major.
Revisions have a significant downward bias especially for 2011. The downward bias is attributable to concerns regarding Plavix, Avapro/Avalide, negative impact of the US health care reform and pricing pressure in the European Union … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Should See A Correction Before Bearish Continuation

Posted: 07 Feb 2011 05:56 AM PST

Previous post on EUR/USD (Video): 2/4/2011
EUR/USD

- The EUR/USD continues to decline after the NFP, and as noted from last week, was unraveling in a bearish impulse wave.
- The RSI broke below 30, but is now developing bullish divergence as the market attempts to resolve the oversold conditions in the near-term. In the short and intermediate term, the market has shown topping. The important support at 1.3540 looks to be broken today, but I suspect it may not confirm right away. We might … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard

Posted: 07 Feb 2011 05:36 AM PST

Late last month, electric utility firm Southern Company (SO) announced its financial results for the fourth quarter ended December 31, 2010.
Now that the analysts have had some time to ponder over the quarterly performance of Southern Company, they are weighing in 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 January 26, 2011, Southern Company announced in-line … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Reverses Gains After Weak German Factory Data

Posted: 07 Feb 2011 05:36 AM PST

Forex Pros – The euro reversed gains against the yen on Monday, retreating from a two-day high, following the release of weaker-than-expected German manufacturing orders data.

EUR/JPY retreated from 112.19, the pair's highest since Thursday, to hit 111.5 during European afternoon trade, dipping 0.08%.

The pair was likely to find support at 110.76, Friday's low and a two-week low and resistance at 112.86, last Thursday's high.

Earlier in the day, official data showed that German … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Building Permits Rise Less-than-expected In December

Posted: 07 Feb 2011 05:34 AM PST

Forex Pros – The number of new building permits issued in Canada rose less-than-expected in December, following two consecutive months of declines, official data showed on Monday.

In a report, Statistic Canada said the number of new building permits issued rose by a seasonally adjusted 2.4% in December, after tumbling by 10.5% in November, whose figure was revised from a decline of 11.2%.
 
Analysts expected the number of new building permits issued to rise by 2.9% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Should Confirm Bottoming Action And Target 83, 83.30 This Week

Posted: 07 Feb 2011 05:33 AM PST

USD/JPY

- The USD/JPY declined to 81.08 last Friday before breaking above the bottoming action it had been trying to establish.
- The breakout passed an event risk, suggesting the USD has been oversold and is now resilient.
- The RSI broke above 70, and price action broke above 82.00 sharply. Since the start of the week, we saw the USD/JPY attempt to break last week's high.
- With a bearish divergence in the RSI, it is failing to break above, and has returned lower possibly developing a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Regency Beats FFO Estimates

Posted: 07 Feb 2011 05:25 AM PST

Regency Centers Corp. (NYSE:REG), a self-administered and self-managed real estate investment trust (REIT), reported FFO (funds from operations) of $3.3 million or 4 cents per share in the fourth quarter of 2010, compared to $58 million or 71 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding impairments and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals As Trichet Eyed

Posted: 07 Feb 2011 05:03 AM PST

Forex Pros – The U.S. dollar was mixed against its major rivals in quiet trade on Monday, while the euro gave up gains following worse-than-expected German economic data.

During European afternoon trade, the greenback was up against the euro, with EUR/USD slipping 0.16% to hit 1.3555.

Earlier in the day, official data showed that German factory orders fell significantly more-than-expected in December.

But the greenback was down against the pound, with GBP/USD easing up 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Euro Under Pressure Despite Advance In Investor Confidence

Posted: 07 Feb 2011 05:00 AM PST

        
Fundamental Headlines
• Strong Growth Has Its Drawbacks – Wall Street Journal
•Bond Market Flashes Inflation Alert – Wall Street Journal
• New Record for Copper Signals Growth Hopes – Financial Times
•Euro Buys Merkel Time as Bond – Treasury Spread Widens– Bloomberg
•U.K. Can't Rely on Weaker Pound to Boost Exports, Item Club Says – Bloomberg
EURUSD: Sentix investor confidence in the 17 member euro area rose to 16.7 in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Trims Gains, Tracking Euro Lower

Posted: 07 Feb 2011 04:52 AM PST

Forex Pros – The pound trimmed gains against the U.S. dollar on Monday, tracking the euro lower after data showed that German factory orders fell significantly more-than-expected in December.

GBP/USD retreated from 1.6184, the pair's highest since Thursday, to hit 1.6112 during European afternoon trade, gaining 0.02%.

Cable was likely to find support at 1.6036, Friday's low and resistance at 1.6277, last Thursday's high and a 12-week high.

The pound remained supported on the view … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Questions Left Unanswered

Posted: 07 Feb 2011 04:13 AM PST

Some random thoughts and questions in the midst of trying to determine what is really going on in the markets, the economy, and the world:
1. Just how healthy are our major money center banks? How many toxic mortgage related assets remain on their books? Where are those assets marked? With the housing market continuing to erode, and it is, how can those asset valuations not be eroding as well?
2. Will the American public ever truly learn what happened inside Bernard Madoff's operations?
3. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WisdomTree Plans Global Real Return Active ETF

Posted: 07 Feb 2011 04:00 AM PST

WisdomTree Investments has filed a preliminary prospectus for yet another actively-managed ETF as it builds on its successful Active ETF line-up. The latest filing is for a Global Real Return Fund will try to provide returns in excess of inflation over the long-term. Investment options that provide inflation protection are becoming increasingly in demand as many investors see the looming threat of inflation as a result of the unprecedented amounts of liquidity being pumped into the system by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits 2-week Low On Drop In German Factory Orders

Posted: 07 Feb 2011 03:47 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Monday, sliding to hit a two-week low after official data showed that German factory orders fell significantly more-than-expected in December.

EUR/USD hit 1.3538 during European late morning trade, the pair's lowest since January 24; the pair subsequently consolidated at 1.3543, shedding 0.26%.

The pair was likely to find support at 1.3448, the low of January 21 and resistance at 1.3824, last Thursday's high.

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


Forex – Euro Close To 3-week Low Against Broadly Stronger Pound

Posted: 07 Feb 2011 03:33 AM PST

Forex Pros – The euro was trading close to a three-week low against the broadly stronger pound on Monday, as growing expectations that the Bank of England will raise interest rates by the middle of the year drew more investors.

EUR/GBP hit 0.8406 during European morning trade, the pair's lowest since January 19; the pair subsequently consolidated at 0.8412, shedding 0.22%.

The pair was likely to find support at 0.8376, the low of January 19 and resistance at 0.8476, Friday's high.

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


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