Tuesday, February 8, 2011

DailyMarkets.com - Review Of Starwood Preferred Guest Business Credit Card From American Express OPEN: Free Hotel Nights After First Purchase

DailyMarkets.com - Review Of Starwood Preferred Guest Business Credit Card From American Express OPEN: Free Hotel Nights After First Purchase


Review Of Starwood Preferred Guest Business Credit Card From American Express OPEN: Free Hotel Nights After First Purchase

Posted: 08 Feb 2011 07:35 AM PST

Before you apply for the Starwood Preferred Guest Business Credit Card from American Express OPEN, read this!

The Starwood Preferred Guest Business Credit Card from American Express OPEN is designed for business owners who like staying at the Starwood Hotels & Resorts (NYSE:HOT) worldwide (including Sheraton, Westin, Le Meridien, St Regis, etc), and have a business that is more than two years old with strong credit history. This card, issued by American Express (NYSE:AXP), lets you earn points on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sanofi Diabetes Drug Encourages

Posted: 08 Feb 2011 07:20 AM PST

Sanofi-Aventis (NYSE:SNY) recently presented positive top-line results on its type II diabetes candidate, lixisenatide (AVE 0010). Results from a phase III study (GetGoal-X) showed that lixisenatide once-daily met its primary efficacy endpoint and demonstrated fewer number of hypoglycemic events compared to Eli Lilly/Amylin's (NASDAQ:AMLN) Byetta (exenatide twice-daily).
The open-label, active-controlled, two-arm parallel-group, multi-center study was conducted with 639 patients who were randomized … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Newfield’s 2011 Key Goals Outlined

Posted: 08 Feb 2011 07:05 AM PST

Independent oil and gas company Newfield Exploration Company (NYSE:NFX) provided insights into its 2011 capital investment program and production growth profile. The company also came out with findings from initial drilling at the Woodford Shale play in the Arkoma Basin of Oklahoma.
Newfield has allotted $1.7 billion for capital spending for 2011, marginally lower than the 2010 level of $1.83 billion. The 2011 spend on capital is more skewed toward oil, as 67% of the planned expenses are for oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Toyota Topples, Hopes To Revive Fast

Posted: 08 Feb 2011 06:46 AM PST

Toyota Motor Corp. (NYSE:TM) posted a 39% fall in profit to ¥93.63 billion ($1.14 billion) or ¥29.86 (36 cents) per share in the third quarter of fiscal 2011 from ¥153.22 billion ($1.86 billion) or ¥48.86 (59 cents) per share in the year-ago quarter. The fall in profit was attributable to lower sales in Japan, North America and Europe as well as a stronger yen.
Consolidated revenues in the quarter dipped 12% to ¥4.67 trillion ($56.74 billion) on the back of a 13% fall in global sales volume … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Petrobras Abandons Galp Stake Bid

Posted: 08 Feb 2011 06:46 AM PST

Brazil’s state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., has confirmed that it has pulled out of talks regarding the purchase of Italian oil major Eni SpA's (E) 33.34% stake in Portugal's Galp Energia. In a regulatory filing, the company revealed that it has ended discussions with Eni without reaching an agreement to buy shares in the Portuguese explorer. 
A potential deal with the Italian oil group could have cost approximately €3.8 billion ($5.2 billion) … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Universal Forest

Posted: 08 Feb 2011 06:46 AM PST

Universal Forest Products Inc. (NASDAQ:UFPI) is slated to release its fourth quarter and fiscal year 2010 results on Thursday, February 10. The current Zacks Consensus Estimate for earnings per share (EPS) is a loss of 2 cents, representing an annualized growth of 41.67%.   
With respect to earnings surprises, over the trailing four quarters, Universal Forest lagged behind the Zacks Consensus Estimate in two quarters, outperformed in one quarter and was in line with another quarter. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Bank Of America, Beckman Coulter, Danaher, ENSCO International Incorporated, Glu Mobile, Loews, Mastercard Incorporated, Pride International, Veeco Instruments

Posted: 08 Feb 2011 06:46 AM PST

 Loews Corp. (NYSE:L) reported Q4 EPS of $1.12, ahead of the Zacks Consensus Estimate of $0.88 per share. Revenues for the quarter fell 3% year-over-year to $3.72 billion.

 AOL (AOL) announced its plans to acquire online news site Huffington Post for $315 million

 Ensco Plc (NYSE:ESV) and Pride International (NYSE:PDE) reported they have entered into a merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share

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


Patterson-UTI Rig Count Tops 200

Posted: 08 Feb 2011 06:46 AM PST

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared that its January 2011 drill rig count averaged 204, up from 196 in the previous month. The company operated 188 rigs in the U.S. and 16 in Canada in January, compared with 184 rigs in the U.S. and 12 rigs in Canada during December last year.
Patterson-UTI's activity levels in the U.S. peaked in early October 2008 with a rig count of 275. Since then through the second quarter of 2009, the company witnessed a steep and rapid … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Everything: Polish Board Game Recreates Communist Shopping Hell

Posted: 08 Feb 2011 06:26 AM PST

BBC — “Poles have been queuing to buy a new board game called “Kolejka” (The Queue), which recreates the tedious shopping experience of communist-era Poland. Crowds of people, including those who remember standing for days in queues and teenagers who were not even born in the 1980s, lined up at the state-run Institute of National Remembrance (IPN) to buy the game.

The game’s functional box (pictured above) also mimics no-frills communist shopping.”   

MP: Interesting that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Stocks To Know For Tuesday: AOL, Apple, Wesco, ARM, Ensco, Pride International, Danaher, Beckman Coulter, Monster Worldwide, ArcelorMittal

Posted: 08 Feb 2011 06:24 AM PST

And there was me thinking that most of the money had come into equities this month, well it seems plenty more to come in not just from Bonds (akin to Exodus).  But also from Emerging markets as Egypt’s deal breaking down. The US M+A cavalry coming over the hill Monday.  Maybe it's a sign of a bull market when a bunch of companies most folks have never heard of start throwing billions around.  Danaher (NYSE:DHR) is buying lab equipment maker Beckman Coulter (NYSE:BEC) for $6.8bln and Ensco … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Capped By A Negative Trend Line

Posted: 08 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: 08 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


British Pound: The Downside Prevails

Posted: 08 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


Euro: Under Pressure

Posted: 08 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


EUR/USD Could Be Getting Ready For A Bearish Attempt To 1.34, 1.3250

Posted: 08 Feb 2011 06:14 AM PST

EUR/USD Should See Another Correction Before a Bearish Continuation (2/7)
EUR/USD

- The 1H chart shows the EUR/USD in our anticipated rally from 1.35. The rally is now heading closer to 1.3680 (50% retracement and 200SMA).
- We should anticipate this to be an area of resistance, where the bears can charge from. We have seen in the last couple of hours bearish candles, but still within the rising channel.
- A break below the channel and a close in the 1H chart below 1.36, might be an early … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pioneer Beats On Higher Output

Posted: 08 Feb 2011 06:10 AM PST

Pioneer Natural Resources Company (NYSE:PXD) reported its fourth quarter 2010 adjusted earnings of 51 cents per share, beating the Zacks Consensus Estimate of 43 cents and the year-earlier income of 18 cents. Better-than-expected results were mainly attributable to production growth in Spraberry field and Eagle Ford Shale.
Revenues in the quarter shot up 57% to $486.7 million from $310.1 million in the year-ago quarter, but remained well below the Zacks Consensus Estimate of $533 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Comstock Loss Narrows

Posted: 08 Feb 2011 06:10 AM PST

Oil and natural gas firm Comstock Resources Inc. (CRK) reported better-than-expected fourth quarter and full-year 2010 results.
The company faced an adjusted loss per share of 8 cents in the quarter, narrower than the Zacks Consensus Estimate of a loss of 19 cents. Comstock also performed better than the loss of 15 cents per share reported in the prior-year quarter, on lower production taxes and lease operating expense.
For full-year 2010, the company's adjusted loss per share was 6 cents, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests And Moves Below 200 Hour MA At 1.6059

Posted: 08 Feb 2011 06:10 AM PST

The 200 hour MA is being testing in the GBPUSD. That level comes in at the 1.6059 level. The GBPUSD has been pressured today on the back of an increase in tax on banks by the Chancellor of the Exchequer George Osborne. This is perceived to be a potential drag on bank lending. 
The next target for the pair comes in at the 1.6035 level. Below that the 1.6013 level.

The price should remain below the 1.6077-87 level in order to keep the bearish bias for the pair. This level represents an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Bounces Off Its Recent 2-Week Lows On ECB Council Member Mersch’s Comments

Posted: 08 Feb 2011 06:04 AM PST

Last week we saw the EUR/USD stumble following the ECB interest rate decision, statement, and press conference with ECB President Trichet in which he disappointed market expectations and was less hawkish than anticipated.
For the most part, the statement saw inflation risks balanced, but that the ECB would be watching for any second-round effects and would act if necessary. These comments were echoed yesterday by ECB governing council member (and the President of Luxembourg's Central … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Major U.S. Stock Market Indices Move To New Highs

Posted: 08 Feb 2011 06:04 AM PST

The major market indexes have been making a move above the January highs to post a new high. The NASDAQ confirmed the move above the 2765 mark and the S&P 600 Small Cap index made a move above 426. The only major index not making a new high at this point is the Dow Jones Transportation index which remains below the 50 day moving average. This puts the broad market in position to continue the upward trend, but the question marks remains relative to strength and continuation of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Trims Losses After China Interest Rate Increase

Posted: 08 Feb 2011 06:03 AM PST

Forex Pros – The U.S. dollar trimmed losses against its Canadian counterpart on Tuesday, as the price of crude oil, Canada's largest export, tumbled after China raised interest rates for the second time in just over a month.

USD/CAD retreated from 0.987, the daily low, to hit 0.9892 during European afternoon trade, shedding 0.15%.

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

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


Canada Housing Starts Rise Less-than-expected In January

Posted: 08 Feb 2011 06:01 AM PST

Forex Pros – Canadian housing starts rose less-than-expected in January, industry data showed on Tuesday.

In a report, the Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 170K units in January, compared to 168K units in December, whose figure was revised down from 172K.

Economists had expected housing starts to rise to 171K in January.

Commenting on the report, chief economist at CMHC's Market Analysis Centre Bob Dugan said, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will Cuba Be The Next Egypt Or Have Market-Based Reforms There Delayed An Egyptian-Like Rebellion?

Posted: 08 Feb 2011 06:00 AM PST

Mary Anastasia O’Grady asks in yesterday’s WSJ: “Will Cuba Be the Next Egypt?”, here are the opening and ending paragraphs:

“Developments in Egypt over the last two weeks brought Cuba to my mind. Why does a similar rebellion against five decades of repression there still appear to be a far-off dream? Part of the answer is in the relationship between the Castro brothers—Fidel and Raúl—and the generals. The rest is explained by the regime’s significantly more repressive model. In the art of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Buy Opportunity In Mack-Cali Realty (CLI)

Posted: 08 Feb 2011 05:53 AM PST

Mack-Cali Realty Corp. (NYSE:CLI) has enjoyed an 18% rally over the last two months, and has recently pulled back from highs. Since every pull-back during this time has offered a nice opportunity to buy at a discount, we could see another round of buying soon…

Buy Signal

The Modified PEMA Crossover has fired a buy signal after today's trading in $CLI. As you may know, this signal is great for spotting highly confirmed pull-back opportunities within trending markets.

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


Earnings Scorecard: Yum! Brands

Posted: 08 Feb 2011 05:40 AM PST

Yum! Brands Inc. (NYSE:YUM) posted better-than-expected, fourth-quarter 2010 results on February 2, 2011, driven by robust performance in the China division. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over the short and long-term periods.
Earnings Report Flashback
Yum! Brands reported fourth quarter 2010 adjusted earnings of 63 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents. Earnings increased 27% year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Another Gender Gap: Book Reviews In 2010

Posted: 08 Feb 2011 05:33 AM PST

The organization VIDA: Women in Literary Arts was founded in August 2009 “to address the need for female writers of literature to engage in conversations regarding the critical reception of women's creative writing in our current culture.”

The organization has completed a gender analysis of book reviewers and books reviewed for 2010, and has uncovered gender gaps for both – a disproportionate number of book reviewers are male, and a disproportionate number of books reviewed are written by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China’s Central Bank Welcomes New Year With Rate Hike, AUD Recedes

Posted: 08 Feb 2011 05:30 AM PST

China's central bank surprised markets by raising its benchmark interest rate in European trading Tuesday, which caused a short term move in favor of the USD. The news hurt the Australian Dollar as its export led growth is fed by China's appetite for its raw materials like coal and iron ore.
The Chinese authorities increased their benchmark rate by 25 basis points, bringing the one-year lending rate to 6.06% from 5.81%, and boosting the one-year deposit rate to 3% from 2.75%. A higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chinese Rate Increase Revives Greenback

Posted: 08 Feb 2011 05:25 AM PST

China once again hid behind holiday festivities to announce its third interest rate increase since mid-October in an effort to boost savings channeling surplus cash away from investments and new construction. Asian stocks had continued to rally and had no chance to respond after hours as the Peoples Bank announced its decision towards the end of celebrations surrounding the new lunar year. Copper and oil prices accelerated a recent reversal on fears that China is unhappy about prices of raw … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Pauses While Silver Pushes On

Posted: 08 Feb 2011 05:23 AM PST

Weekly Gold and Silver Updates 2/4/2011 – Resistance at Important Fibonacci Retracement
Gold (XAU/USD)

- The rally in gold since the end January hit an impasse at 1357. This was coming up on the 61.8% retracement level at 1361, and the market has topped off.
- It can confirm a top if it closes below 1343 in the 1H chart.
- The 1H chart should also see the RSI dip below 30 for a bearish signal. The RSI in the 4H chart almost invalidated the bearish mode, but the readings have remained … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Lower Vs. Most Rivals After China Hikes Interest Rate

Posted: 08 Feb 2011 05:23 AM PST

Forex Pros – The U.S. dollar was lower against most of its major counterparts on Tuesday, after China raised interest rates for the second time in six weeks, amid intensifying efforts to curb spiraling inflation and ward off a property bubble.

During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.41% to hit 1.3638.

Earlier in the day, official data showed that German industrial production fell in December, for the second time in as many months, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Dips To 2-day Low As U.K. Bank Levy Hits Sentiment

Posted: 08 Feb 2011 05:09 AM PST

Forex Pros – The pound dipped to a two-day low against the U.S. dollar on Tuesday, after an increase in U.K. bank taxes lead to decreased demand for the pound.

GBP/USD hit 1.6082 during European afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.6084, shedding 0.15%.

Cable was likely to find support at 1.6036, last Friday's low and resistance at 1.6277, the high of February 3 and a 12-week high.

Earlier Tuesday, the Chancellor of the Exchequer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Markets To Face A Quiet North American Session Amid Light Economic Docket

Posted: 08 Feb 2011 05:00 AM PST

        
Fundamental Headlines
• China Raises Interest Rates – Wall Street Journal
•Cash Buyers Lift Housing Market – Wall Street Journal
• Stocks Shrug Off China Interest Rate Hike – Financial Times
•China Raises Key Interest Rate to Counter Inflation – Bloomberg
•Goldman Sachs Turns Bullish on European Banks Bond Market Shuns – Bloomberg
EURUSD: German industrial production in December fell 1.5 percent after declining 0.6 percent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits 3-day High On U.K. Bank Tax Increase

Posted: 08 Feb 2011 04:12 AM PST

Forex Pros – The euro rose to a three-day high against the pound on Tuesday, after the U.K. Chancellor of the Exchequer increased a tax on banks, dampening sentiment towards the pound.

EUR/GBP hit 0.848 during European early afternoon trade, the pair's highest since Friday; the pair subsequently consolidated at 0.8476, gaining 0.54%.

The pair was likely to find support at 0.8418, the days low and resistance at 0.8531, last Thursday's high.

The U.K. will temporarily charge banks 0.1% on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pros And Cons Of Actively-Managed ETFs

Posted: 08 Feb 2011 04:00 AM PST

With ETF assets now exceeding $1 trillion in the United States itself, the traditional mutual fund industry continues to be increasingly marginalized. However, one stronghold that the mutual fund industry was able to maintain was in active management. For the longest time, investors that wanted to access active management only had mutual funds or hedge funds to look to. That changed with the arrival of actively-managed ETFs, almost 3 years ago now. However, despite that time, they still remain … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Extends Gains, Shrugging Off Weak German Data

Posted: 08 Feb 2011 03:48 AM PST

Forex Pros – The euro extended gains against the U.S. dollar on Tuesday, shrugging off weak German industrial production data after China raised interest rates for the second time in just over a month.

EUR/USD hit 1.3666 during European late morning trade, the pair's highest since Friday; the pair subsequently consolidated at 1.366, gaining 0.57%.

The pair was likely to find support at 1.3573, the days low and resistance at 1.3824, the high of February 3.

The euro's gains came as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Conygar CEO, Robert Ware Discusses The Company’s Property Development Projects In Wales

Posted: 07 Feb 2011 04:13 PM PST

[video]http://videos.stockopedia.co.uk.s3.amazonaws.com/Conygar/Conygar.flv[/video]
CEO Robert Ware gives an overview of the plans for Conygar Investment Company (LON:CIC)’s marina and leisure development Projects in Wales (Holyhead, Fishguard amp; Pembroke … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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