Wednesday, February 9, 2011

DailyMarkets.com - Review Of Capital One Business Platinum Credit Card: For Businesses With Poor Or Fair Credit

DailyMarkets.com - Review Of Capital One Business Platinum Credit Card: For Businesses With Poor Or Fair Credit

Review Of Capital One Business Platinum Credit Card: For Businesses With Poor Or Fair Credit

Posted: 09 Feb 2011 07:35 AM PST

Before you apply for the Capital One Business Platinum credit card, read this!

If you own a small business, you may already know it can be quite difficult to get a business credit line nowadays in the US, especially if you don’t have a good or excellent business credit score. Capital One (NYSE:COF) understands that, so with its Capital One Business Platinum, it considers businesses with poor to fair credit. This business credit card is ideal for any entrepreneur or business owner who wants a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Gains As Bernanke Testimony Eyed

Posted: 09 Feb 2011 07:12 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Wednesday, rising to a four day high ahead of testimony by Federal Reserve chief Ben Bernanke before the Budget Committee in Washington.

EUR/USD hit 1.3718 during European late afternoon trade, the pair's highest since February 3; the pair subsequently consolidated at 1.3704, up 0.59%.

The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3824, the high of February 3.

Earlier in the day, the euro … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UDR Reports In Sync

Posted: 09 Feb 2011 07:10 AM PST

UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), reported fourth quarter 2010 FFO (fund from operations) of $53.4 million or 28 cents per share compared to $47.1 million or 29 cents 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. The reported FFO per share was in line with the Zacks Consensus Estimate.
For full … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Decline Ahead Of Bernanke; Dow Jones Sheds 0.03%

Posted: 09 Feb 2011 06:58 AM PST

Forex Pros – U.S. stocks were modestly lower after the open on Wednesday, amid a flurry of mixed corporate earnings results and as markets awaited comments from Federal Reserve Chairman Ben Bernanke. 

During early U.S. trade, the Dow Jones Industrial Average was down 0.03%, the S&P 500 index slumped 0.24%, while the Nasdaq Composite index shed 0.11%.

Shares in hotel operator Wyndham Worldwide dropped 3.34% after it said fourth quarter revenue totaled USD937 million, falling short … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Stable In Quiet Start Ahead Of Bernanke Testimony

Posted: 09 Feb 2011 06:49 AM PST

Forex markets have little fresh meat to devour midweek. Asian investors gave a thumbs-down to the latest Chinese measure to cool its domestic economy souring the European tone for stock markets. A market story that Bundesbank hawk Axel Weber won’t attempt to step into the shoes of President Trichet when he steps down as head of the ECB prompted a flurry of selling in the euro. But when all is said and done, there is very little action going on.
U.S. Dollar – Investors will be keen to hear Fed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cousins Properties Ahead Of Est.

Posted: 09 Feb 2011 06:45 AM PST

Cousins Properties Inc. (NYSE:CUZ), a real estate investment trust (REIT), reported fourth quarter 2010 FFO (fund from operations) of $10.0 million or 10 cents per share, compared with $7.3 million or 7 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization and other non-cash expenses to net income.
Excluding certain non-recurring items, recurring FFO for the reported quarter was $16.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Bank Of America, Boyd Gaming, Citigroup, Coventry Health Care, Walt Disney Company, Fidelity National Information Services, Illumina, McDonald’s, Temple-Inland, Urban Outfitters, Warner Music Group Corp.

Posted: 09 Feb 2011 06:45 AM PST

 Temple-Inland Inc. (NYSE:TIN) reported Q4 EPS of $0.31 ex-items, ahead of the Zacks Consensus Estimate of $0.29 per share. Revenues for the quarter rose 12.7% year-over-year to $952.0 million, lower than the Zacks Consensus Estimate of $969.0 million

 Warner Music Group (NYSE:WMG) reported a Q1 loss of $0.12 per share, higher than the Zacks Consensus Estimate for a loss of $0.16 per share. Revenues for the quarter rose 14.1% year-over-year to $789 million, lower than the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDonald’s January Comps Up

Posted: 09 Feb 2011 06:40 AM PST

McDonald’s Corp. (NYSE:MCD) posted global comparable sales growth of 5.3% in January, on the heels of strong sales of beverage and core menu products. Comparable sales growth stepped up from 2.6% in January 2010.
The fast-food restaurant operator witnessed an uptrend across its domestic and international markets on a year-over-year basis. Geographically however, Europe was the major contributor to the month's growth followed by Asia/Pacific, Middle East and Africa (APMEA) region and the United … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disney Beats Expectations

Posted: 09 Feb 2011 06:40 AM PST

The Walt Disney Company (NYSE:DIS) recently posted first-quarter 2011 results that beat the Zacks Consensus. The quarterly earnings of 68 cents a share outpaced the Zacks Consensus Estimate of 56 cents, and surged 45% from 47 cents earned in the prior-year quarter.
The increase in the bottom line was powered by growth across Media Networks, Studio Entertainment, Parks and Resorts and Consumer Products. Following the better-than-expected results a positve sentiment may be palpable among the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Moves Toward Support. Range Tight Today.

Posted: 09 Feb 2011 06:39 AM PST

The 200 hour MA at the 0.9923 level is the target support for the USDCAD.  This level should provide support but if it gives way, expect further selling. 
The pair has been mired in a narrow trading range today with a high at 0.9954 and a low at 0.9928.  The Average True Range over the last 22 trading days (a proxy for a month of trading) is at 73 pips (see daily chart below) .  The 26 pip range today, suggests that there likely will be an extension at some point today. As … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Breakout Year For San Miguel Corporation (SMC)?

Posted: 09 Feb 2011 06:33 AM PST

Ramon Ang-led San Miguel Corporation of SMC in the Philippine Stock Exchange was under the spotlight during the last quarter of 2010. From around PHP 74.00 in October 2010, SMC had risen in a relatively fast pace to end the year at PHP 163.80. Now, that's a gain of almost 120% in less than two months! Anyway, opened 2011 on a positive note when it reached a high of PHP 189.50 during the first 2 days of trading. However, the once 'on-fire' stock has apparently lost some of its steam. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Dips To Daily Low As Crude Oil Edges Higher

Posted: 09 Feb 2011 06:21 AM PST

Forex Pros – The U.S. dollar was slightly lower against its Canadian counterpart on Wednesday, as the price of crude oil, Canada's largest export, edged higher in quiet trade.

USD/CAD hit 0.9932 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.9936, dipping 0.15%.

The pair was likely to find support at 0.9867, Tuesday's low and short-term resistance at 0.9977, Tuesday's high and a one-week high.

Earlier in the day, crude oil prices edged up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple Upgraded To Outperform

Posted: 09 Feb 2011 06:20 AM PST

We are upgrading Apple Inc. (NASDAQ:AAPL) to Outperform from Neutral, as we believe Apple has further room for expansion. The investment case for Apple is based on its earnings momentum and accelerated revenue growth.
Apple has grown leaps and bounds, driven by the success of its iPhones, iPad and increased Mac shipments. We expect the iPhone-driven momentum to continue. Stronger-than-expected iPhone and iPad sales will help Apple grab a larger share of the smartphone market.
In our opinion, this is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests Upside Resistance Pre-Bernanke

Posted: 09 Feb 2011 06:19 AM PST

Prior to the FOMC Bernanke testimony on Capital Hill, the EURUSD has moved to test resistance against the 200 hour MA and the 50% retracement of the move down from the February 1st high to the low on February 4th. Those levels come in at the 1.3677 and the 1.3684 level respectively.

On the downside the 1.3661 level was the high for the day prior to the last move higher.  The correction off the high came down to this level and found buyers. If the price can stay above this level the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Capped By A Negative Trend Line

Posted: 09 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: 09 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: 09 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: 09 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

How Long Can BOE Hold Out Before Hiking Rates? What A New CBI Report Tells Us

Posted: 09 Feb 2011 06:10 AM PST

The UK is facing some strong headwinds in 2011 according to the Confederation of British Industry (CBI) which put out a report in which they raised their outlook for inflation and unemployment, while lowering their forecasts for growth. The CBI is the UK's biggest business lobby.
Higher inflation would mean more interest rate increases from the Bank of England which would help the strength of the GBP, but higher unemployment and weaker growth works in the opposite direction.
Let's look at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pitney Bowes Underperforms Estimate

Posted: 09 Feb 2011 06:10 AM PST

Pitney Bowes Inc. (NYSE:PBI) reported its fourth quarter 2010 earnings per share from continuing operation of 36 cents, underperforming the Zacks Consensus Estimate of 61 cents and prior-year estimate of 54 cents.
For full-year 2010, the company reported earnings per share from continuing operations of $1.51 compared with $2.09 in 2009.
Revenue
Total revenue was $1.4 billion in the quarter, a decrease of 1% year over year. For full-year 2010, total revenue was $5.4 billion, down 3% year over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Franklin’s January AUM Improves

Posted: 09 Feb 2011 06:10 AM PST

Franklin Resources Inc. (NYSE:BEN) reported preliminary assets under management (AUM) of $681.0 billion by its subsidiaries for the end of January. Results were up 1.5% from $670.7 billion as of December 31, 2010 and 24.3% from $548.0 billion as of January 31, 2010.
At the end of the month, total equity assets were $300.8 billion, up 1.6% sequentially and 22.2% year over year. Of the total equity assets, roughly 74% were from international sources while the rest 26% were from the U.S.
Total fixed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/CHF – Bearish Divergence Targets 1.5360; Positive Reversal Targets 1.56

Posted: 09 Feb 2011 06:01 AM PST

GBP/CHF

- A bearish divergence is spotted in the 4H chart.
- If a decline materializes, even a minor one should test the 1.5360 level.
- If the decline fails to break below 1.5360, it is still targeting 1.56 in the intermediate term, suggested by the positive reversal signal in the 4H chart.
- The bearish divergence can be seen in the 1H chart as well. Note the prior to the current resistance near 1.5530, the market showed a positive reversal signal that targeted this area.
- Now that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Regains Ground After Slipping On ECB Uncertainty

Posted: 09 Feb 2011 05:47 AM PST

Forex Pros – The euro regained ground against the yen on Wednesday, after slipping following reports that German central bank head Axel Weber won't succeed Jean-Claude Trichet as president of the European Central Bank.

EUR/JPY clawed back up from 112.36, an intra-day low, to hit 112.67 during European afternoon trade, gaining 0.4%.

The pair was likely to find support at 111.58, Tuesday's low and resistance at 113.87, the high of January 28.

The euro slid after Reuters reported that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Church & Dwight Misses Estimate

Posted: 09 Feb 2011 05:30 AM PST

Church & Dwight Co. Inc. (NYSE:CHD), a leading consumer products company, posted fourth-quarter 2010 earnings of 86 cents a share, falling behind the Zacks Consensus Estimate of 89 cents a share but up 4.0% from 83 cents earned in the prior-year quarter.
On a reported basis, including one-time items, earnings came in at 65 cents per share, down 12.0% from the year-ago quarter. The Zacks Consensus Estimate was stable prior to the earnings release.
Church & Dwight's top line inched down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY – Positive Reversal Signal Targets 134

Posted: 09 Feb 2011 05:21 AM PST

Most Recent GBP/JPY update (video 2/7/2011): A Look at Some USD and JPY Crosses
GBP/JPY

- The GBP/JPY pair has been choppy, remaining in sideways action. After an initial bearish tilt, the market now shows bullish bias.
- Note however that the RSI in the 4H chart has not broken above 70, so any bullish outlook need to be cautioned and seen in the context of a ranging mode, not bullish mode.
- However, the RSI does show a positive reversal signal, and again without having the RSI tag 70 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Chart Analysis Gives The Housing Sector A Strong Buy Rating- BZH, NVR, MDC, SPF, DHI, NVR, HOV

Posted: 09 Feb 2011 05:01 AM PST

We are initiating a strong buy on the housing sector. We are seeing several signs of bottoming action and favor the following stocks: BZH, NVR, MDC, SPF, DHI, NVR and HOV.

Hovnanian Enterprises (NYSE:HOV)

DR Horton (NYSE:DHI)

Standard Pacific (NYSE:SPF)

M.D.C. Holdings (NYSE:MDC)

NVR (NYSE:NVR)

Beazer Homes (NYSE:BZH)

We have seen some solid technical indications of a bottom  including favorable action around support and resistance levels, volume patterns and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: U.K.’s Trade Deficit Widens In December, Forex Traders Countdown To The BoE Rate Decision

Posted: 09 Feb 2011 05:00 AM PST

        
Fundamental Headlines
• Korean Talks End Without Agreement – Wall Street Journal
•Inflation Worries Spread – Wall Street Journal
•North – South Korea Military Talks Collapse – Financial Times
•Two Fed Skeptics of QE Say Inflation Underscores Risks – Bloomberg
•Cameron's Government Retreats on Bank Bonus – Cut Demands – Bloomberg
GBPUSD: The trade deficit in the U.K. widened in December to 9.2 billion pounds from 8.5 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals As U.S. Treasury Yields Support

Posted: 09 Feb 2011 04:53 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as rising U.S. Treasury yields supported the greenback against the yen and the Swiss franc.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD easing up 0.09% to hit 1.3637.

Earlier in the day, media outlets reported that Deutsche Bundesbank President Axel Weber was not a candidate to replace Jean-Claude Trichet as European Central Bank President when his contract … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Is Forming A Double Top Below 1.02

Posted: 09 Feb 2011 04:51 AM PST

AUD/USD

- The AUD/USD might have topped off at 1.02 area as the market failed to break this in a second attempt. In doing so, it is forming a double top, if the base at 1.01 is broken. The market is currently hammering at this level.
- A break below looks at the 1.0050-1.0070 zone as support.
- Below that the parity level, at 1.0 continues to keep the AUD/USD bullish.
-Meanwhile, the bullish scenario is made stronger if the RSI remains above 40.
- A break below 40 in RSI, with price action … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ARS ‘Penalty Does Not Fit The Crime’

Posted: 09 Feb 2011 04:38 AM PST

Why is it that so many people in our nation do not trust our government, our media, and our banking system?
In my opinion, America continues to look and search for people and programs that truly represent their interests. In the course of a conversation yesterday with a former colleague, he spoke cogently as to why he is moving toward being a libertarian and why he believes so many others are as well. I found myself agreeing with him on so many fronts.  
When the aforementioned entities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is EUR/USD Topping At 1.37?

Posted: 09 Feb 2011 04:27 AM PST

EUR/USD

- The EUR/USD rallied as expected from 1.35, and has topped off near 1.37 as anticipated in our previous report on the EUR/USD as well as in our video post yesterday.
- The 1H chart shows the rally held at 50% retracement at 1.37, where the 200SMA resided as well.
- The decline so far has been unconvincing as it broke the rising channel sideways instead of sharply downwards, so the bearish continuation scenario still looks weak and premature at the moment.
- The 1.36 clip remains as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Wednesday: Walt Disney, 3M, JPMorgan Chase, Toyota, Siemens

Posted: 09 Feb 2011 04:18 AM PST

U.S. stocks advanced again Tuesday, giving the Dow its longest streak of gains since July, and shorter term Treasuries retreated (pushing yields to their highest yield levels since April, after a tepid response to an auction of three-year notes), improving retail sales and optimism in the homebuilding industry overshadowed China's interest-rate increase.  Markets seemed to have taken the latest Chinese interest rate hike in their stride as investors have tended to see the latest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains After U.K. Trade Deficit Rises To Record

Posted: 09 Feb 2011 04:03 AM PST

Forex Pros – The pound erased gains against the U.S. dollar on Wednesday, after official data showed that the U.K.’s goods trade deficit widened again in December from November’s record gap.

GBP/USD retreated from 1.61, the daily high, to hit 1.606 during European late morning trade, dipping 0.04%.

Cable was likely to find support at 1.6027, Tuesday's low and a one-week low and resistance at 1.6161, Tuesday's high.

The Office for National Statistics said that Britain’s goods trade gap … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Dips On Reports That Weber Is Out Of ECB Race

Posted: 09 Feb 2011 03:30 AM PST

Forex Pros – The euro dipped against the U.S. dollar on Wednesday, following media reports that Bundesbank president Axel Weber is not a candidate to replace Jean-Claude Trichet as European Central Bank President.

EUR/USD hit 1.3662 during European morning trade, the daily high; the pair subsequently consolidated at 1.3636, up 0.08%.

The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3824, the high of February 3.

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

Matra Petroleum Raises New £1.55m In Share Placing

Posted: 09 Feb 2011 01:03 AM PST

Matra Petroleum (LON:MTA), the AIM listed oil and gas group operating in Russia, has raised £1.55m before expenses in a placing of 50m new shares priced at 3.1p each. Matra said the funds had been earmarked for working capital. It is currently working on bringing two wells into production on its Sokolovskoe field near the city of Orenburg in Russia. Delek-International Energy, the Israeli congolomorate and a long-term backer of Matra, is subscribing for 14.5m of the placing shares. The Matra … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Despite Weak 4Q Profits,Toyota Rallies After Raising Profit Forecasts

Posted: 08 Feb 2011 09:00 PM PST

02/08/11 The Toyota Motor Corp. announced weak 4Q profits on Tuesday. However, shares rallied after it lifted its fiscal full year profit and revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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