Friday, February 4, 2011

DailyMarkets.com - Should I Get A Visa Credit Card Or MasterCard?

DailyMarkets.com - Should I Get A Visa Credit Card Or MasterCard?

Should I Get A Visa Credit Card Or MasterCard?

Posted: 04 Feb 2011 07:31 AM PST

When applying for credit cards, you may be wondering if it’s better for you to get a Visa (NYSE:V) card or MasterCard (NYSE:MA). Are there any big differences between a Visa or Mastercard? Are they different card issuers?

First of all, when shopping around for credit cards, it helps to know that Visa and MasterCard are in effect very similar. For me, it doesn’t really matter if the card is a Visa or MasterCard. The reason for this is because neither Visa nor MasterCard issue credit cards or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 04 Feb 2011 07:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails

Posted: 04 Feb 2011 07:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down During The European Session

Posted: 04 Feb 2011 07:15 AM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 131.37, down 0.28% at time of writing.

The pair was likely to find support at 129.91, Monday's low, and resistance at 132.95, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.54% to hit 1.6050 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hain Celestial Tops Estimate

Posted: 04 Feb 2011 07:05 AM PST

The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products, recently posted better-than-expected second-quarter 2011 financial results.
The quarterly earnings of 39 cents a share beat the Zacks Consensus Estimate of 37 cents, and climbed 39.3% from 28 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 37 cents a share, up 37% from 27 cents earned in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Heads To New Lows. 100 Day MA A Focus

Posted: 04 Feb 2011 07:04 AM PST

The EURUSD has moved to new lows and is approaching the key 100 day MA level. The market will be watching the 1.3566 level and the 38.2% of the move down at the 1.3595 for bias clues. IF the levels can hold, the downside pressure should remain. If the price moves above each, the bearishness loses some of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Sterling Is Hanging On To Gains – A Look At GBP/USD, GBP/JPY, GBP/CHF

Posted: 04 Feb 2011 06:55 AM PST

GBP/USD

- The  GBP/USD looks the weakest of the 3. The USD is strong to end the week pushing the cable lower in a second swing down.
- The 1H chart shows the decline starting, and the RSI tagging 30, a sign of bearish momentum.
- The daily chart shows the market after a 5-wave rally, suggesting a decline towards somewhere between 1.57 and 1.58 (1.5750?).
- The current decline looks to find support near 1.60 (61.8% retracement). A break below that then suggests the targets near 1.5750.
- … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: American Eagle Outfitters, AMERIPRISE FINANCIAL SERVICES, Estee Lauder Companies, Harman International Industries, Incorporated, Kellogg Company, Macy’s Inc, Mastercard Incorporated, NCR, THQ

Posted: 04 Feb 2011 06:55 AM PST

 MasterCard (NYSE:MA) reported Q4 EPS of $3.16, lower than the Zacks Consensus Estimate of $3.98 per share. Revenues for the quarter rose 10.7% year-over-year to $1.44 billion, beating the Zacks Consensus Estimate of $1.436 billion

 Kellogg Company (NYSE:K) reported Q4 EPS of $0.51, lower than the Zacks Consensus Estimate of $1.06 per share. Revenues for the quarter fell 1% year-over-year to $2.86 billion, below the Zacks Consensus Estimates of $3.350 billion

 Macy’s (NYSE:M) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Universal Tops, Enrollment Falls

Posted: 04 Feb 2011 06:55 AM PST

Universal Technical Institute Inc. (NYSE:UTI) recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of 42 cents a share outdid the Zacks Consensus Estimate of 40 cents, and climbed 10.5% from 38 cents earned in the prior-year quarter.
The Zacks Consensus Estimate for the quarter was stable prior to the earnings release.
Behind the Headline
Net revenue for the quarter climbed 13.5% to $117.4 million from the prior-year quarter, and remained at par with the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down On Economic Data

Posted: 04 Feb 2011 06:45 AM 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 1.6083, down 0.33% 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

Airgas Buyout Offer Extended

Posted: 04 Feb 2011 06:35 AM PST

Air Products & Chemicals Inc. (NYSE:APD) continues to court Airgas Inc. (NYSE:ARG) and has extended the expiration date of its tender offer of $70 per share for all of Airgas' outstanding common shares. Air Products in the hope to garner more shareholder support for the takeover extended the expiration date from February 4, 2011 to February 15, 2011.
Air Products stated that out of Airgas' 84.06 million shares outstanding, 7.1 million shares had been validly tendered and not withdrawn from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PTEN Prospers On High Rig Count

Posted: 04 Feb 2011 06:35 AM PST

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) reported notable fourth-quarter and full-year 2010 results, benefiting from strong drilling and pressure pumping activities along with an efficient rig fleet.
Earnings per share, excluding transaction-related costs and disposition expense, came in at 37 cents, ahead of the Zacks Consensus Estimate of 32 cents. The quarter's results also improved significantly from the adjusted net loss of 17 cents per share in the year-ago period.
On a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up On Economic Data

Posted: 04 Feb 2011 06:20 AM 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 81.76, up 0.15% at time of writing.

The pair was likely to find support at 81.13, today's low, and resistance at 82.26, 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 from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Capped By A Negative Trend Line

Posted: 04 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: 04 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: 04 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: 04 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

EUR/USD To Complete Bearish Impulse Wave After Non-Farm Payroll

Posted: 04 Feb 2011 06:14 AM PST

EUR/USD

- The Non-Farm Payroll was more or less USD-negative, coming in at 36K, lower than the expected 133K, and much lower than the 103K last month.
- As I mentioned in yesterday's Chartist Corner, the USD did not need real great numbers to gain at these low levels. (USD index hit 77 before rebounding). However this is the type of reading that could be really bad for the USD. The fact that it is withstanding this poor data could be a suggestion of strength in the upcoming weeks.
- Does … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Jobs Disappointment

Posted: 04 Feb 2011 06:10 AM PST

In a disappointing nonfarm payroll report for January, fewer than expected jobs were created. The 'miss' was particularly striking given the many other reports that were pointing otherwise.

On the positive side, the unemployment rate dropped significantly and the originally reported number for the prior month was revised upwards. However, even accounting for the very unfavorable weather we have been getting recently, these numbers are very disappointing.

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

Sound Fiscal 2010 At Stericycle

Posted: 04 Feb 2011 06:05 AM PST

Stericycle Inc. (NASDAQ:SRCL) delivered earnings per share (EPS) of 69 cents in its fourth quarter ended December 31, 2010, beating the Zacks Consensus Estimate of 64 cents, and surpassing the year-ago result of 55 cents by 25%.
The reported and year-ago quarters' EPS excluded expenses related to acquisitions and restructuring costs. Including these items, EPS stood at 57 cents in the reported quarter and at 52 cents in the year-earlier quarter.
Revenues
Revenues climbed 25% to $393.5 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Las Vegas Sands Beats On EPS

Posted: 04 Feb 2011 06:05 AM PST

Las Vegas Sands Corp. (NYSE:LVS) recorded adjusted earnings of 42 cents per share in the fourth quarter of 2010, beating the Zacks Consensus Estimate of 38 cents and 3 cents in the year-earlier quarter.
On a GAAP basis, the company reported net income of $273.0 million or 34 cents, compared with a loss of $113.9 million or 17 cents in the year-ago quarter, primarily reflecting an rise in operating income and decline in net interest expense.
Quarterly revenues climbed 56.9% year over year to $2.02 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PerkinElmer Beats On All Fronts

Posted: 04 Feb 2011 06:05 AM PST

PerkinElmer (NYSE:PKI) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time expenses) earnings per share of 44 cents and $1.33, beating the corresponding Zacks Consensus Estimate of 41 cents and $1.31, and surpassing the year-ago earnings per share of 37 cents and $1.07, respectively. The quarterly results surpassed the company's previously issued guidance of 40-42 cents.
Net income (as reported) climbed roughly seven-fold year over year to $288.5 million (or $2.46 a share) in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BJ’s For Possible Sale, Revenue Up

Posted: 04 Feb 2011 06:05 AM PST

Following the recommendation given by the committee of autonomous directors, BJ’s Wholesale Club Inc. (NYSE:BJ) recently announced that it is looking for strategic choices, which might include a possible sale of the company.
The leading warehouse club operator, which has been constantly falling behind Costco Wholesale Corporation (NASDAQ:COST) in terms of comparable sales growth, has hired Morgan Stanley to guide the autonomous committee during the evaluation process.
However, the company has not made … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Traders See Strong U.S. Growth Through The Blizzards

Posted: 04 Feb 2011 06:02 AM PST

Canadian employers delivered a sharp repost to Finance Minster Jim Flaherty’s observation that the economy faces a “challenging labor market” that saw a surge on job growth. The report set the stage for a similar outcome form the U.S. employment report where employers had been expected to add the most jobs in three months. In the event the January employment report was hamstrung by bad weather leaving foreign exchange markets swinging wildly in its wake, desperate to believe in a bigger picture … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manufacturing Remains “Shining Star” Of Recovery

Posted: 04 Feb 2011 05:57 AM PST

From today’s BLS report: “Manufacturing added 49,000 jobs in January. Over the month, job gains occurred in durable goods, including motor vehicles and parts (+20,000), fabricated metal products (+13,000), machinery (+10,000), and computer and electronic products (+5,000).”

MP: That’s the largest monthly increase in manufacturing employment since August of 1997 ( except for the +142,000 spike in August 1998 after the UAW strike ended following a -188,000 decline in July, see chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 04 Feb 2011 05:45 AM 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 1.3591, down 0.32% at time of writing.

The pair was likely to find support at 1.3570, Monday'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 On Economic Data

Posted: 04 Feb 2011 05:40 AM 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 1.6066, down 0.44% 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

U.S. Non-farm Payrolls Rise Less-than-expected

Posted: 04 Feb 2011 05:35 AM PST

U.S. non-farm payrolls rose less-than-expected last month, official data showed on Friday.

In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 36.00K, 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 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Unemployment Rate Falls Unexpectedly

Posted: 04 Feb 2011 05:35 AM PST

The rate of unemployment in the U.S. last month fell unexpectedly, official data showed on Friday.

In a report, the U.S. Department of Labor said the unemployment rate fell to a seasonally adjusted 9.00%, from 9.40% in the preceding month .

Analysts had expected the U.S. unemployment rate to rise to 9.60% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Did JP Morgan Aid And Abet Bernie Madoff? Time For Jamie Dimon ‘To Put Up Or Shut Up’

Posted: 04 Feb 2011 05:33 AM PST

Just the facts.
A week ago at The World Economic Forum in Davos, Switzerland Jamie Dimon, chief of JP Morgan (NYSE:JPM), railed on the widespread vilification of bankers by the general public. The Wall Street Journal highlighted Dimon's comment in writing, A Banker's Plaintive Wail,

"A plaintive cry from one of the world's top bankers on behalf of his industry pierced through an otherwise tame Thursday morning panel discussion here in Davos:
"I don't lump all media … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The European Session

Posted: 04 Feb 2011 05:30 AM PST

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

USD/CAD was trading at 0.9860, down 0.53% at time of writing.

The pair was likely to find support at 0.9850, today's low, and resistance at 1.0058, Monday's high.

Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a seasonally adjusted 69.20K last month from 30.40K in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Gilead Sciences

Posted: 04 Feb 2011 05:25 AM PST

Following the release of fourth quarter and full year 2010 results on January 25, 2011, the number of analysts making downward revisions to their earnings estimates for Gilead Sciences Inc. (NASDAQ:GILD) for 2011 and 2012 is higher than those making upward revisions. The downward revisions are mainly in response to poor top-line performance in the fourth quarter and an unfavorable guidance for 2011 with revenues expected to disappoint and expenses accelerate.
Fourth Quarter Review
Gilead reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The European Session

Posted: 04 Feb 2011 05:05 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3631, down 0.03% at time of writing.

The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3862, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.30% to hit 0.8475 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Canadian Employment Soars 69.2K In January, Unemployment Rises To 7.8%

Posted: 04 Feb 2011 05:00 AM PST

        
Fundamental Headlines
• Egypt Girds for Showdown – Wall Street Journal
•Respect for ADP – Brighter Jobs Picture – Wall Street Journal
• European Markets Edge Higher Ahead of U.S. Jobs Data – Financial Times
• Payrolll Gains Probably Picked Up as U.S. Economy Accelerated – Bloomberg
•BOE Faces Close Call as Sentence Keeps Up Rate Fight – Bloomberg
USDCAD: Employment in Canada rose 69.2K in January after climbing 22.0K the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up During The European Session

Posted: 04 Feb 2011 04:50 AM PST

Forex Pros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2928, up 0.28% at time of writing.

The pair was likely to find support at 1.2780, Monday's low, and resistance at 1.3037, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3629 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Employment Change Rises More-than-expected

Posted: 04 Feb 2011 04:15 AM PST

Canadian employment change rose more-than-expected last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian employment change rose to a seasonally adjusted 69.20K, from 30.40K in the preceding month whose figure was revised up from 22.00K.

Analysts had expected Canadian employment change to rise 21.20K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data

Posted: 04 Feb 2011 04:15 AM PST

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

USD/CAD was trading at 0.9858, down 0.55% at time of writing.

The pair was likely to find support at 0.9850, today's low, and resistance at 1.0058, Monday's high.

Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a seasonally adjusted 69.20K last month from 30.40K in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Unemployment Rate Rises Unexpectedly

Posted: 04 Feb 2011 04:10 AM PST

The rate of unemployment in Canada rose unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian unemployment rate rose to a seasonally adjusted 7.80%, from 7.60% in the preceding month.

Analysts had expected Canadian unemployment rate to remain unchanged at 7.60% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The European Session

Posted: 04 Feb 2011 04:00 AM PST

Forex Pros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8456, up 0.07% at time of writing.

The pair was likely to find support at 0.8424, today's low, and resistance at 0.8620, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.04% to hit 1.3629 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Up During The European Session

Posted: 04 Feb 2011 03:30 AM PST

Forex Pros – The British Pound was higher against the Swiss Franc on Friday.

GBP/CHF was trading at 1.5283, up 0.16% at time of writing.

The pair was likely to find support at 1.4898, Monday's low, and resistance at 1.5372, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.10% to hit 1.6121 and EUR/GBP rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SuperGroup Sets Sights On European Growth Markets With Franchise Acquisition

Posted: 04 Feb 2011 01:00 AM PST

SuperGroup (LON: SGP), the owner of the Superdry fashion brand and one of the UK's fastest growing international branded retailers, has acquired its Benelux and France franchise and distribution partner, CNC Collections BVBA, from its principal Luc Clément. The move is important to SuperGroup because CNC is the leading franchisee globally for the Superdry brand. This means that the group will be able to capture greater margins on growing sales within Belgium, the Netherlands, Luxembourg and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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