Monday, March 14, 2011

DailyMarkets.com - Align Reaffirmed At Neutral

DailyMarkets.com - Align Reaffirmed At Neutral

Align Reaffirmed At Neutral

Posted: 14 Mar 2011 10:05 AM PDT

Recently, we reiterated our 'Neutral' recommendation for Align Technology (NASDAQ:ALGN) with a target price of $22.00.
Align reported fourth quarter adjusted EPS of 14 cents missing both the Zacks Consensus Estimate of 17 cents and the year-ago quarter's 16 cents. For fiscal 2010, adjusted EPS came in at 80 cents, missing the Zacks Consensus Estimate by 2 cents, but higher than 41 cents in 2009.
Total revenue increased 7.3% year over year to $92.9 million (within the company's guidance of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Looking Beyond The Obvious At Sierra Monitor

Posted: 14 Mar 2011 09:35 AM PDT

Looking Beyond the Obvious at Sierra Monitor
On March 8th 2011SRMC announced financial results for the fourth quarter and twelve months ended December 31, 2010.  The firm delivered record sales and record net income in both the fourth quarter and the full year of 2010. This was the fifth consecutive year of positive net income.
The firm introduced new products in each of its product lines, repurchased and retired approximately thirteen percent of outstanding shares and ended the year with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Up By 8 Units

Posted: 14 Mar 2011 09:35 AM PDT

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

BioScrip Misses On EPS

Posted: 14 Mar 2011 09:35 AM PDT

BioScrip Inc. (NASDAQ:BIOS), a specialty pharmacy services provider, reported a loss per share of $1.25 in the fourth-quarter of fiscal 2010 compared with the previous year's earnings of 99 cents. However after adjusting for certain one-time expenses, the company recorded a loss of $1.07, well below the Zacks Consensus Estimate of earnings of 4 cents and the year -ago quarter's $1.03.
This huge fall in EPS was driven by the loss on extinguishment of debt related to term loan ($9.5 million) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails

Posted: 14 Mar 2011 09:20 AM PDT

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: 14 Mar 2011 09:20 AM PDT

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

Bank Of Japan Holds Rate At 0.10%, Expands Asset Purchase Program

Posted: 14 Mar 2011 09:09 AM PDT

The Bank of Japan announced an expansion to its asset purchase program of 5 trillion yen, taking the total to 40 trillion yen ($486 billion), while holding its monetary policy rate unchanged at 0-0.10%. The move followed the powerful 8.9 earthquake which struck Japan on Friday, causing tsunamis and damage to nuclear power plants. Japanese stocks fell about 5% when the market opened on Monday. The Bank also said it would inject as much as 15 trillion yen ($183.8 billion) into money markets to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Research On Changes In TICK Extremes Over Last 10 Years

Posted: 14 Mar 2011 09:08 AM PDT

How has the TICK changed over the last 10-years?  And is a reading of 1,000 as significant today as it was 5 or 10 years ago?
These are questions you need to know if you're using the TICK in any capacity in terms of absolute values (such as "fade the TICK intraday when it hits 1,000″).
Let's take a look at a simple comparison of TICK Extreme Highs and Lows from 2000 to 2010 in terms of changes over time – you might be surprised.
Here's the method – I imported NYSE Tick Data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

XL Group’s Preliminary Loss Est.

Posted: 14 Mar 2011 09:05 AM PDT

XL Group plc (NYSE:XL) expects its preliminary net loss to range from $70 million to $85 million, pretax and net of reinsurance and reinstatement premium, attributable to the earthquake in New Zealand in February 2011. The company also stated that the majority of the losses are attributable to XL’s reinsurance segment.
The company also stated these preliminary loss estimates could translate into insured market losses for the New Zealand Earthquake in the range of $8 billion to $12 billion.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Two Harbors To Offer Shares

Posted: 14 Mar 2011 09:05 AM PDT

Two Harbors Investment Corp. (TWO), a real estate investment trust (REIT) that primarily invests in residential mortgage-backed securities (RMBS), has recently announced its offer of 25 million shares at $10.25 each. The company will also grant the underwriters an option to purchase an additional 3.75 million shares to cover any over-allotments.
Credit Suisse Securities (USA) LLC, the investment banking division of Credit Suisse Group (NYSE:CS), is acting as the leading book-running manager for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY Has Key Resistance At 132.80

Posted: 14 Mar 2011 08:54 AM PDT

A Look at Japanese Yen Crosses (3/12 Video)
GBP/JPY

- The GBP/JPY fell to start the week, reaching almost the 129.50 area, rejected sharply after touching 129.63.
- The rejection was sharp, but the rally did not have much force neither. The market remains bearish below 132.80, which was the neckline of the broken head and shoulder.
- If the market can remain below 132.80, and attempt another bearish swing, we can expect further bearish/sideways action to follow.
- Otherwise, we should … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Continues The Downside Roam.

Posted: 14 Mar 2011 08:52 AM PDT

The USDJPY has moved below the 38.2% retracement of the days range after holding trendline resistance and the 100 bar MA on the 5 minute chart (at 81.88 currently).  The price ability to stay below the MA and the trendline, has given traders more confidence to sell the market. However, the urgency from Friday's trading is lacking today.  This suggests that although bearish, the move might have some limitations as the market treads cautiously. The next support target comes in at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower As Global Recovery Fears Weigh

Posted: 14 Mar 2011 08:50 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Monday, amid fears over the impact on the global economic recovery from Friday's devastating earthquake and tsunami in Japan.

During European late afternoon trade, the greenback was down against the yen, with USD/JPY shedding 0.20% to hit 81.86.

The Bank of Japan announced earlier that it was pumping a record JPY15 trillion into the financial system and doubling the size of its asset-purchase program to JPY10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Using 100 Hour MA As Resistance And Now Support

Posted: 14 Mar 2011 08:40 AM PDT

The GBPUSD has a day of two halves in the NY session. The first half had resistance at the 100 hour MA (blue line) and the 38.2% of the move down from the March 7th high to the low on March 11th.  The second half has had support at the 100 hour MA and the 38.2% retracement. The defining borderline level is 1.6115 currently. 
With the price in the top half, the bias is to the upside.  The high for the day at 1.6149 is the next level to get through. Then the 1.6158 level which is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Banks’ Dividend Boost On The Cards

Posted: 14 Mar 2011 08:35 AM PDT

On Friday, the Wall Street Journal reported that the much-awaited results of the stress tests conducted by the Federal Reserve would be out soon. The results will demonstrate if large U.S. banks' balance sheets are healthy enough to boost dividends.
In January, all 19 banks, which were subjected to the stress tests in 2009, had submitted their capital plan to the Fed. These banks, including big names such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Wells Fargo & Company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up But Concerns Over Impact Of Japan Quake Weigh

Posted: 14 Mar 2011 08:32 AM PDT

Forex Pros – The pound was higher against the U.S. dollar on Monday, but gains were limited amid concerns over the global economic impact from Japan’s devastating earthquake and tsunami while Japanese officials struggled to contain a nuclear emergency.

GBP/USD hit 1.6150 during European late afternoon trade, the pair's highest since Thursday, the pair subsequently consolidated at 1.6127, gaining 0.29%.

Cable was likely to find support at 1.5976, Friday's low and a three-week low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP’s Ethanol Endeavor

Posted: 14 Mar 2011 08:26 AM PDT

BP Plc. (NYSE:BP) plans to acquire major interests in Brazilian ethanol and sugar producer Companhia Nacional de Acucar e Alcool, or CNAA, pending regulatory approval and other customary closing conditions. This would mark the largest deal to date by the British oil giant's alternative energy unit.
BP intends to acquire 83% stake in CNAA for a total consideration of $680 million. The transaction value includes 100% of CNAA's long-term debt, which is expected to be refinanced by BP, the value … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JDS Uniphase Remains Neutral

Posted: 14 Mar 2011 08:21 AM PDT

We reaffirm our long-term Neutral recommendation on JDS Uniphase Corp. (NASDAQ:JDSU). The company declared blockbuster financial results for the second quarter of fiscal 2011. Both revenue and EPS were significantly above the Zacks Consensus Estimates. JDS Uniphase achieved several operating milestones in the previous quarter. Meanwhile, the stock price has soared nearly 135% in the last one year and currently provides limited scope for any above-market gain.
As a leading supplier of fiber optic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ELP Upgraded To Outperform

Posted: 14 Mar 2011 08:21 AM PDT

We recently upgraded our recommendation on Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, from Neutral to Outperform.
Copel is one of the leading Brazilian electric utility companies, which accounts for approximately 7.0% of total electricity production in the region with nearly 99% of its production derived chiefly from hydroelectric sources.
With the economy reviving gradually from the global crisis, demand for electricity is seen to be rising, especially in emerging countries … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ferrellgas Fails To Match Up

Posted: 14 Mar 2011 08:21 AM PDT

Ferrellgas Partners LP’s (NYSE:FGP) reported earnings per unit of 31 cents for the second quarter of fiscal 2011 was nowhere near the Zacks Consensus Estimate of $1.18. The quarter's results also deteriorated from $1.10 per unit earned in the prior-year quarter.
Operating Highlights
Ferrellgas Partners’ total revenue of $840.9 million in the quarter was 8.1% higher than $777.8 million reported in the comparable year-ago period. On a segmental basis, propane and other gas liquids sales increased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fresenius Advises Kidney Awareness

Posted: 14 Mar 2011 08:21 AM PDT

Fresenius Medical Care (NYSE:FMS), a leading provider of dialysis products and services, recently encouraged victims of high blood pressure and/or diabetes to gain knowledge about kidney disease on World Kidney Day. High blood pressure and diabetes are twin causes of chronic kidney disease, which is a rampant health problem in the U.S.
Some 26 million Americans are afflicted by chronic kidney disease and many more are at heightened risk. Fresenius urges those at risk of chronic kidney disease to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Trading In Narrow Defined Range

Posted: 14 Mar 2011 08:20 AM PDT

The US session is characterized by a narrow, defined trading range. Since 7 AM the high has been contained at 1.3975. The low has come in at 1.3942. The 33 pipss is likely to be extended before the close of trading today.

From a technical perspective, the ceiling at 1.3975-1.3980 is well defined. There has been 4 attempts to move above this area, and all four found sellers.   A break above would likely lead to stop buying and further upside momentum.
ON the downside, the 100 bar MA … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up As EU Fin Mins Meet For Bailout Fund Talks

Posted: 14 Mar 2011 08:17 AM PDT

Forex Pros – The euro was higher against the U.S. dollar on Monday, as European Union finance ministers held talks aimed at working out the details of a deal to shore up the region's bailout fund.

EUR/USD hit 1.3981 during European late afternoon trade, the pair's highest since March 8; the pair subsequently consolidated at 1.3954, rising 0.38%.

The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, the high of March 7 and a four-month high.

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

Word From The Floor: US Stocks Open Lower, Utility Sector Slides

Posted: 14 Mar 2011 07:53 AM PDT

03/14/11 The major US stock averages started the week in negative territory. Utilities are taking a hit after another explosion at a nuclear plant in Northern … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is My Credit Score Good Enough?

Posted: 14 Mar 2011 07:30 AM PDT

A lot of people live in constant worry that their credit score isn't good enough, or are always wondering whether their credit score is sufficiently high. Potential lenders, landlords and even employers gauge your creditworthiness and assess your financial risk profile by looking at your credit report and score.

The FICO score is the best-known and most widely used credit score model in America, and it is a number from 300 to 850 which shows how responsible you have been paying your … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Starts A New Week Stronger Against The Dollar

Posted: 14 Mar 2011 02:30 AM PDT

03/14/11 Investors were seeking out the euro this morning following strong European economic data and leaders of the EU agreeing upon a retooled bailout plan for indebted nations over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Erases Losses As Crude Retreats After Japan Quake

Posted: 14 Mar 2011 07:28 AM PDT

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Monday, as crude oil, Canada's largest export, retreated amid concerns about the economic impact of Friday's devastating earthquake and tsunami in Japan.

USD/CAD clawed back up from 0.9710, the daily low, to hit 0.9742 during European afternoon trade, easing up 0.12%.

The pair was likely to find support at 0.9667, last Wednesday's low and a multi-year low and resistance at 0.9801, Friday's high.

The 8.9 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 14 Mar 2011 07:19 AM PDT

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

Japanese Yen: Under Pressure

Posted: 14 Mar 2011 07:19 AM PDT

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

British Pound: Under Pressure

Posted: 14 Mar 2011 07:19 AM PDT

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

Euro: Under Pressure

Posted: 14 Mar 2011 07:19 AM PDT

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

How Will Markets React To The Japanese Earthquake?

Posted: 14 Mar 2011 07:18 AM PDT

Today’s Idea
Volatility has returned to the Japanese Yen, as the economic effects of the devastating earthquake are yet to be determined. This uncertainty has caused option volatilities to increase, making the purchase of calls or puts in the Japanese Yen more expensive. This increase in volatility may beckon some traders to explore trading strategies that could benefit should the rise in volatility be short-lived. One such strategy would be selling strangles in Japanese Yen futures options. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BOJ Injects Liquidity To Counter-Act Earthquake Fallout

Posted: 14 Mar 2011 07:16 AM PDT

The Yen became the focus of today's market, as the Bank of Japan (BoJ) took unprecedented steps in providing liquidity to banks and stabilizing the JPY in the currency markets following its sharp swing down at the open.
Japan's central bank response to the large earthquake that damaged the North-East part of Japan's mainland by injected 15 trillion yen ($183 billion) into the short-term money markets. That ensures that banks have cash on hand to deal with the costs of this natural … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Falls Below $100

Posted: 14 Mar 2011 02:15 AM PDT

03/14/11 Front month crude prices continued to slide below $100 this session on concerns of sliding Japanese energy demand following last weeks natural … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, March 14, 2011 Special Alert NUAN

Posted: 14 Mar 2011 07:08 AM PDT

We are adding Nuance Communications (symbol: NUAN) to our watch list at the current price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Regions Reiterated Neutral

Posted: 14 Mar 2011 07:05 AM PDT

We maintain our Neutral recommendation on Regions Financial Corp. (NYSE:RF). The decision is based on the company's move toward profitability in the fourth quarter of 2010.
In January, Regions' announced fourth-quarter 2010 operating earnings per share of 3 cents, significantly surpassing the Zacks Consensus Estimate loss of 13 cents per share. Results compared favorably with a loss of 17 cents per share in the prior quarter and 51 cents per share in the year-ago quarter.
Results significantly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bon-Ton Beats On Higher Top Line

Posted: 14 Mar 2011 06:55 AM PDT

Bon-Ton Stores Inc.(NASDAQ:BONT) reported fourth quarter 2010 earnings of $4.41, which outpaced the Zacks Consensus Estimate of $4.29 and the year-ago quarter earnings of $4.34. The better-than-expected results were driven by growth in the top line.

The company's full-year income was $21.5 million or $1.12 per share, compared with a net loss of $4.1 million or 24 cents per share in fiscal 2009.
Total revenue of the departmental store chain inched up 0.8% year over year to $1,010.0 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

POSCO Downgraded To Neutral

Posted: 14 Mar 2011 06:55 AM PDT

We recently downgraded our rating on the South Korean steelmaker POSCO (NYSE:PKX), from Outperform to Neutral.
POSCO is the world's third largest steelmaker on the basis of output. The company primarily manufactures steel for the shipping and construction industries and operates through its two steel production facilities, the Pohang Works and the Gwangyang Works.
POSCO is in an advantageous position to benefit from its wide regional diversification, self-sufficiency in raw materials and higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Weaker As Global Risks Rise After Japanese Quake

Posted: 14 Mar 2011 06:48 AM PDT

Asian markets were gripped by fear overnight as the toll from the Japanese earthquake failed to steady. Stocks in the region slumped led by a 6.2% loss for the Nikkei Dow 225 index of leading companies as one after another halted production. Expectations that a flood of yen returning from deployment overseas would send the yen to a record high were countered by actions from the Bank of Japan, which was swift to expand its asset purchase plan to calm sentiment and encourage a frozen risk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Guess? Inc.

Posted: 14 Mar 2011 06:35 AM PDT

Guess? Inc. (NYSE:GES) is scheduled to report its fourth-quarter and fiscal year 2011 financial results on Wednesday, March 16, 2011. Currently, the Zacks Consensus Estimate for earnings is $1.06 per share and revenue is expected to be $724 million for the reported quarter. For full year, earnings and sales are expected to be $3.12 per share and $2,454 million, respectively.
Third-Quarter 2011, a Synopsis
Guess? delivered record earnings per share of 75 cents in its third quarter ended October 30, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AnnTaylor Stores, Aeropostale Inc, BB&T, CSX, Dresser-Rand Group, Euroseas Ltd., ENSCO International Incorporated, Hansen Natural, Hexcel, Kroger Company, Lime Energy Co., Norfolk Souther, Oracle, Smith & Wesson Holding, Tesoro Petroleum Corporation

Posted: 14 Mar 2011 06:35 AM PDT

 Tesoro Corp. (NYSE:TSO) shares ended 8.5% higher at $24.51 as crude-oil prices fell below $101 a barrel and after analysts said that the earthquake could prompt demand for companies that could offset loss of energy from Japanese nuclear plants shuttered after the quake

 AnnTaylor Stores (NYSE:ANN) reported Q4 EPS of $0.19, ex-items, ahead of the Zacks Consensus Estimate of $0.17 per share. Comparable store sales rose 11%

 Janney Montgomery upgraded BB&T (NYSE:BBT) to Buy from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower, Yen Stable After BoJ Intervention

Posted: 14 Mar 2011 06:34 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Monday, while the yen remained stable after the Bank of Japan took unprecedented steps to boost market liquidity in the wake of Friday’s earthquake and tsunami.

During European afternoon trade, the greenback was slightly higher against the yen, with USD/JPY easing up 0.02% to hit 81.86.

The BoJ announced earlier that it was pumping a record JPY15 trillion into the financial system and doubling the size of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The New Politics Of Nuclear Power

Posted: 14 Mar 2011 06:31 AM PDT

Cards on the table. (1) As readers will know I am strongly opposed to subsidising the building of new nuclear power plants in the UK; (2) I am not any kind of engineer. As such, I very much hope that this sanguine assessment of the situation at Fukushima is correct.

But base-level ‘democratic’ politics is at best lightly concerned with fact, and it is at least a strong possibility that as regards new nukes the terms of trade, only recently minted for the benefit of EDF et al, are set … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Results Of The EU Summit, Pact, Expanding Size And Role Of EFSF, Lower Greek Bailout Terms

Posted: 14 Mar 2011 06:25 AM PDT

Over the weekend, we had some progress in the sovereign debt crisis as a result of the EU Economic Summit.
Countries Agree to Pact of Competitiveness
First, the nations of the Euro-zone agreed on the "pact for competitiveness", which sets out rules and goals on competitiveness, labor, sustainable public finances and the stability of financial system.  It includes such measures as raising the retirement ago, or trying to reduce labor costs.
The original pact that was proposed by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Futures Sharply Lower On Japan; Dow Drops 0.74%

Posted: 14 Mar 2011 06:09 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Monday, as markets assessed the financial impact of the massive earthquake and tsunami that struck Japan's northeastern coast on Friday.

Dow Jones Industrial Average futures fell 0.74%, the S&P 500 futures dropped 0.76%, while futures on the Nasdaq 100 tumbled 0.83%.

Earlier in the day, Japan's Jiji news agency said that a reactor at the Fukushima Daiichi nuclear plant, north of Tokyo, lost its cooling system, following a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lowe’s Tempting Affiliates

Posted: 14 Mar 2011 06:06 AM PDT

Lowe's Companies Inc. (NYSE:LOW), the home improvement retailer, recently announced a bid to tempt the small business houses, who are willing to work with Lowes.com as affiliates. Affiliates are the associate sites, who make money through commissions by promoting or connecting to an online retailer's products and transferring traffic to their sites.
On the other hand, the move will open a wider market for Lowe's as the backdrop of each affiliate vendor will be different. Further, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hibbett’s Profit Surge, Sales Upset

Posted: 14 Mar 2011 06:06 AM PDT

Hibbett Sports Inc.’s (NASDAQ:HIBB) reported fourth-quarter 2011 earnings of 44 cents per share, beating the Zacks Consensus Estimate by a penny. Earnings increased 10% from 40 cents per share reported in the prior-year quarter.
Financial Detail
Net sales in the quarter were $173.2 million, up 3.8% from $166.8 million in the prior-year quarter but fell short of the Zacks Consensus Estimate of $175.0 million. The slow growth in sales was primarily caused by a delay in income tax refunds and closing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Capping Coal Plant Cost

Posted: 14 Mar 2011 06:06 AM PDT

Duke Energy Indiana, a subsidiary of Duke Energy Corporation (NYSE:DUK), filed a testimony with the Indiana state utility regulators and has proposed to limit the construction costs of its Edwardsport power plant.
Under the proposal, Duke Energy has proposed a cap of $2.88 billion including financing on construction costs to be passed to customers. It has also asked the regulators to lower the overall customer rate increase related to the project from approximately 19% to 16%. On an average, this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Law Of Demand: Pirates Cut Ransom Demands

Posted: 14 Mar 2011 06:01 AM PDT

MOGADISHU, March 13 (Reuters) – “Somali pirates said they would lower some of their ransom demands to get a faster turnover of ships they hijack in the Indian Ocean.  Armed pirate gangs, who have made millions of dollars capturing ships as far south as the Seychelles and eastwards towards India, said they were holding too many vessels and needed a quicker handover to generate more income.”

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

Before The Bell

Posted: 14 Mar 2011 06:00 AM PDT

03/14/11 A breakdown of what investors need to know prior to the open of the US equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Edges Up To Hit 2-day High As BoJ In Focus

Posted: 14 Mar 2011 05:50 AM PDT

Forex Pros – The pound edged cautiously higher against the U.S. dollar on Monday, amid concerns that Japanese authorities could take fresh steps if the yen strengthened too far against the dollar in the wake of Friday’s earthquake and tsunami.

GBP/USD rebounded from 1.6027, the daily low; to hit 1.6104 during European afternoon trade, rising 0.17%.

Cable was likely to find support at 1.5976, Friday's low and a three-week low and resistance at 1.6212, Thursday's high.

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

FX Headlines: Euro Gains As Summit Boosts Confidence

Posted: 14 Mar 2011 05:45 AM PDT

Fundamental Headlines
• Nikkei Plunges 6.2% After Deadly Quake – CNBC
• Japan Adds $182 Billion to Economy, Doubles Asset Purchases – Bloomberg
• Rebels Lose Ground in Libya – WSJ
• Risky Loans Stage Comeback – Financial Times
• Euro-zone Leaders Reach Deal on Key Reforms – Financial Times
EURJPY: The EUR/JPY pair gained in the overnight as details of the expanded bailout package for Europe's most indebted nations were well-received by the markets. The summit, which propelled … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Keeps Below Resistance, But Near High

Posted: 14 Mar 2011 05:44 AM PDT

The GBPUSD has moved higher today but has found resistance against a series of resistance points from 1.6115 to 1.6124. The levels correspond with low areas  from March 8th and 10th (1 and 2 in the chart above), the 100 hour MA (at 3), the 38.2% retracement of the move down from the March 7th high to the low on Friday.  The last 4 hours has seen the price use the 100 hour MA as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Holds Gains As BoJ Policy Measures In Focus

Posted: 14 Mar 2011 05:31 AM PDT

Forex Pros – The euro held gains against the U.S. dollar on Monday, boosted by an agreement to shore up the euro zone's bailout fund while concerns that Japanese authorities could intervene if the yen strengthened too far against the dollar lingered.

EUR/USD hit 1.3981 during European early afternoon trade, the pair's highest since March 8; the pair subsequently consolidated at 1.3963, rising 0.43%.

The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi Trend Earnings Drop

Posted: 14 Mar 2011 05:25 AM PDT

Citi Trends Inc.(NASDAQ:CTRN) recently reported sluggish fiscal 2010 fourth-quarter results. The company reported a net income of $9.4 million compared with $11.3 million in the year-ago quarter. Net income per share came in at 52 cents versus earnings per share of 78 cents in the year-ago quarter. However, earnings marginally beat the Zacks Consensus Estimate of 51 cents per share.  Adjusted earnings for the quarter came in at 64 cents a share.
For fiscal 2010, the company reported earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Story: Marvelous Margins

Posted: 14 Mar 2011 05:06 AM PDT

Stick a fork in fourth quarter earnings season — it’s done. We now have 496 or 99.2% of the S&P 500 reports in. However, the early reporting firms tend to be a bit bigger and more profitable than the stragglers, and those 496 firms actually represent 99.9% of the total expected net income.

That, of course, presupposes that the remaining firms report exactly as expected, which is unlikely. But at this point, even if they were to disappoint badly, it would really not change the overall … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Higher After BoJ Intervenes To Steady Markets

Posted: 14 Mar 2011 04:59 AM PDT

Forex Pros – The euro was higher against the yen on Monday, after rebounding from a two-week low, following unprecedented actions by the Bank of Japan to boost liquidity and stem yen gains in the wake of Friday’s earthquake and tsunami.

EUR/JPY rebounded from 112.48, the pair's lowest since February 28, to hit 114.26 during European late morning trade, gaining 0.41%.

The pair was likely to find support at 112.48, the days low and resistance at 115.23, last Thursday's high.

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

USD/JPY Pulls Back After Wave Equality But Is Still Pressured

Posted: 14 Mar 2011 04:55 AM PDT

A Look at Japanese Yen Crosses (3/12 Video)
USD/JPY

- The USD/JPY indeed followed Friday's decline with a further decline to start the week. However, after satisfying wave equality, we saw a tremendous rejection. The daily chart shows the decline crossing below 3 previous lows, but rejected to hover above even the most recent low of 81.60.
- This rally could be a shake out, to be followed by the market "eating away the tail".
- The 4H chart and 1H chart shows that the rejection was very … [visit site to read more] or compare Best Credit Cards and Best CD Rates

It’s Do Or Die Week For Stocks And Gold

Posted: 14 Mar 2011 04:45 AM PDT

The past couple weeks have been choppy in the equities market. While the strong intraday moves are great for day traders, it is extremely difficult for swing/position traders who normally hold positions for 3-60 days in length, which is my focus with this newsletter. That being said, we are reaching a do or die point for the equities market and next week there should be a strong move out of this trading range.

On the volume side of things, we have been seeing distribution taking place. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Sold On Japan Quake, Muted Saudi Protests As Metals Recover

Posted: 14 Mar 2011 04:42 AM PDT

Commodities – Energy
Crude Down on Japan Quake, Muted Saudi Protests
WTI Crude Oil (NY Close): $101.16 // -$1.54 // -1.50%
Commentary: Crude oil closed Friday with the first weekly loss in a month and prices continue today after Japan's Tohoku earthquake – the worst in the island nation's history – shuttered as much as a third of its refining capacity. Furthermore, Japan is the world's third-largest oil consumer, and traders are reasonably concerned that any immediate headwinds to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Stock Market’s Steroid Injections Are Coming To An End

Posted: 14 Mar 2011 04:25 AM PDT

With oversold conditions on Friday, we managed a bounce as the market tried to digest and desensitize itself from the headline risk.  The volume was weak and the bulls were unenthusiastic which was a reminder of the low-volume V-shaped recoveries we have seen so often during QE environments yet go against many rules the market has taught us over the years.  We did find a way to push above the 50-day SMA in the S&P 500 (SPX), a key support level, but bulls are being very cautious at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Get Out Of Stocks!

Posted: 14 Mar 2011 04:13 AM PDT

This is for all you folks out there with retirement accounts in the general stock market. I’ve been warning for many months that the cyclical bull we’ve been in for almost two years is still just a counter trend rally in an ongoing secular bear market. I made that same warning about the last cyclical bull market from `02 to `07. Many people ignored me in November `07 when I said the second leg down in the secular bear had begun. I suspect many people wish they hadn’t.

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

Forex – EUR/GBP Hits 4-month High Boosted By EU Agreement

Posted: 14 Mar 2011 04:04 AM PDT

Forex Pros – The euro advanced to a four-month high against the pound on Monday, boosted by an unexpected agreement to shore the euro zone's bailout fund and expectations of a near-term interest rate hike by the European Central Bank.

EUR/GBP hit 0.8692 during European morning trade, the pair's highest since November 8; the pair subsequently consolidated at 0.8671, gaining 0.30%.

The pair was likely to find support at 0.8588, Friday's low and resistance at 0.8776, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Is Forming An Inverse Head And Shoulder; 1.6150 Is Key Resistance

Posted: 14 Mar 2011 04:00 AM PDT

GBP/USD Testing Support Cluster above 1.61 (3/11)
GBP/USD

- The GBP/USD was seen declining towards 1.5750 area, but is now challenged near the 1.60 pivot. The market cracked it, but then is forming a inverse head and shoulder pattern suggesting at least some correction to the decline if not reversal.
- We see in the 1H chart, that a swing projection targets  1.6150. This is also right between 61.8% retracment of one swing, and 50% retracement of a larger one.  It is also near the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Is In A Bullish Swing Targeting 1.4130

Posted: 14 Mar 2011 03:43 AM PDT

EUR/USD at the Crossroad after Completing a Gartley (3/11)
EUR/USD

- EUR/USD rallied after completing a Gartley pattern Friday. The rally was sharp and didn't pause until crossing the SMA 200 in the 1H chart.
- The market then had a throwback, which tested this moving average and is now heading back up.
- This type of trend continuation (with a confirmation by testing the moving average), is called a sling shot.
- The also showed bullish breakout momentum, and as it re-enters above 70, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Slips Lower As Japan Quake Boosts Safe Haven Demand

Posted: 14 Mar 2011 03:42 AM PDT

Forex Pros – The U.S. dollar slipped lower against the Swiss franc on Monday, after a massive earthquake, a tsunami and a nuclear emergency in Japan boosted demand for safe haven assets.

USD/CHF hit 0.9258 during European morning trade, the daily low; the pair subsequently consolidated at 0.9277, sliding 0.22%.

The pair was likely to find support at 0.9199, the low of March 2 and the pair's all-time low and resistance at 0.9358, Friday's high.

The Bank of Japan announced earlier Monday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Mixed As Japan Quake Weighs; DAX Falls 0.57%

Posted: 14 Mar 2011 03:40 AM PDT

Forex Pros – European stock markets were mixed on Monday, as shares in utility providers and insurers performed poorly following Friday's massive earthquake in Japan, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 added 0.16%, France's CAC 40 dipped 0.13%, while Germany’s DAX slumped 0.57%.

Earlier in the day, Japan's Ministry of Economy, Trade & Industry said that a hydrogen explosion had occurred at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hunting For The Next ASOS – Three Stocks To Watch

Posted: 14 Mar 2011 03:09 AM PDT

ASOS (LON:ASC) has been a stock market phenomenon. While the internet fashion retailer has continued its impressive growth, both domestically and internationally, even more impressive has been the expansion of its P/E ratio which has now reached the nosebleed territory of 100 times 2010 earnings of 18.7p per share to give the company a market capitalisation of £1.4bn. The company floated back in 2001 and first hit most investors radar with a tip at 5p by the renowned city maven Mark Watson … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Industrial Production Rises Less-than-expected

Posted: 14 Mar 2011 03:05 AM PDT

Forex Pros – Industrial production in the euro zone rose less-than-expected in January, official data showed on Monday.

In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 0.3% in January, after rising by 0.3% in December, whose figure was upwardly revised from a decline of 0.1%.

Analysts had expected industrial production in the euro zone to rise by 0.4% in January.

The data showed that year-on-year, the rate of industrial … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro-zone January Ind. Production Rises 6.6% (y/y) And 0.3% Monthly.

Posted: 14 Mar 2011 03:01 AM PDT

Forex – Dollar Broadly Lower Vs. Rivals As BoJ Acts After Quake

Posted: 14 Mar 2011 02:55 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Monday, after the Bank of Japan took unprecedented steps to boost market liquidity following Friday’s earthquake and tsunami.

During European morning trade, the greenback was up against the yen, with USD/JPY rising 0.09% to hit 81.92.

The BoJ announced earlier that it was pumping a record JPY15 trillion into the financial system and doubling the size of its asset-purchase program to JPY10 trillion to bolster … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Losses As Yen Stabilizes

Posted: 14 Mar 2011 02:39 AM PDT

Forex Pros – The pound erased losses against the U.S. dollar on Monday, rebounding from the daily low as the yen stabilized after the Bank of Japan took unprecedented steps to boost market liquidity following Friday’s earthquake and tsunami.

GBP/USD rebounded from 1.6027, the daily low; to hit 1.6099 during European morning trade, easing up 0.12%.

Cable was likely to find support at 1.5976, Friday's low and a three-week low and resistance at 1.6212, Thursday's high.

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

Forex – EUR/USD Pares Gains Amid Risk Aversion After Japan Quake

Posted: 14 Mar 2011 02:08 AM PDT

Forex Pros – The euro trimmed gains against the U.S. dollar on Monday, as reports of an explosion at a Japanese nuclear reactor dampened risk appetite, following Friday's devastating earthquake and tsunami in the northeast of the country.

EUR/USD hit 1.3979 during early European trade, the pair's highest since March 8; the pair subsequently consolidated at 1.3929, rising 0.19%.

The pair was likely to find support at 1.3751, Friday's low and resistance at 1.4035, the high of March 7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down As Japan Reactor Explosion Hits Risk Appetite

Posted: 14 Mar 2011 01:27 AM PDT

Forex Pros – The Australian dollar was down against its U.S. counterpart on Monday, weighed by reports of an explosion at a Japanese nuclear reactor, in the wake of Friday's devastating earthquake and tsunami.

AUD/USD hit 1.0064 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0070, shedding 0.65%.

The pair was likely to find support at 0.9968, Friday's low and a two-week low and resistance at 1.0157, Friday's high.

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

Forex – NZD/USD Down On Japan Quake, Reactor Concerns

Posted: 14 Mar 2011 01:03 AM PDT

Forex Pros – The New Zealand dollar was down against its U.S. counterpart on Monday, after Friday's massive earthquake and tsunami in Japan and the struggle to contain the nuclear accident it triggered weighed on risk appetite.

NZD/USD hit 0.7367 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7387, shedding 0.52%.

The pair was likely to find support at 0.7325, Friday's low and resistance at 0.7480, the high of March 2.

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

Asia Stocks Tumble After Japanese Quake; Nikkei Plunges 6.2%

Posted: 14 Mar 2011 12:55 AM PDT

Forex Pros – Asian stock markets tumbled on Monday, with the Nikkei suffering its worst one-day performance in more than two years, following Friday's devastating earthquake and tsunami that struck northeastern Japan.

During late Asian trade, Hong Kong’s Hang Seng Index shed 0.45%, Australia's S&P/ASX 200 Index slumped 0.40%, while Japan's Nikkei 225 Index plunged 6.18%.

Deaths from the devastating quake and tsunami were expected to exceed 10,000, and the risk of major radiation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coolabi Secures Purple Ronnie Contract Extension With Hallmark

Posted: 14 Mar 2011 12:32 AM PDT

Coolabi (LON:COO) , the AIM listed media company that owns and manages a portfolio of high quality intellectual property assets , has signed a four-year extension to its contract with Hallmark, the UK greetings cards company, for use of the Purple Ronnie brand. Hallmark has sold more than 50 million Purple Ronnie cards in total since becoming the greetings card licensee in 2004 and currently sells in excess of 7 million Purple Ronnie cards every year. The licence covers not only greetings cards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Rebounds From Near Record Low After Japan Quake

Posted: 14 Mar 2011 12:29 AM PDT

Forex Pros – The U.S. dollar rebounded from close to a record low against the yen on Monday, after the Japanese government warned of intervention measures to stem sudden yen gains in the aftermath of Friday's massive earthquake and tsunami in northeast Japan.

USD/JPY clawed back up from 80.64, the pair's lowest since November 9, to hit 82.09 during late Asian trade, gaining 0.32%.

The pair was likely to find support at 80.23, the low of November 1 and the pair's all-time low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Yen Strengthens In Response To Nation’s Worst Disaster Since WWII

Posted: 13 Mar 2011 11:51 PM PDT

Yen Strengthens in Response to Nation’s Worst Disaster since WWII
Speculators have flocked to the yen following the devastating earthquake and Tsunami that struck Japan on Friday. The yen is expected to continue to strengthen as insurers are forced to repatriate funds to pay billions of yen in insurance claims.
Economic News
USD – US Dollar Volatility Continues
In Friday’s volatile trading the US dollar showed that it is still a currency that traders use as a safe haven asset. Traders’ knee … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 13 Mar 2011 11:10 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3935, up 0.24% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.3979, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8671 and EUR/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Monday 14 March

Posted: 13 Mar 2011 11:07 PM PDT

Morning Highlights

There Are No Quick Picks For Today!
Singapore market eased slightly with STI down 12.33 points to open at 3031.16.

Straits Asia up on Japan coal demand hopes

On the other hand, in reaction to last Friday's disasters, Japanese stocks plunge dramatically and on fears of that nuclear radiation could compound the tragedy.
Watch Out For Economic News Release This Week

Tue 15 Mar: Singapore Jan Retails Sales, U.S. FOMC Rates Decision

Wed 16 Mar: U.S. Feb Housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Horsehead Holdings

Posted: 13 Mar 2011 11:05 PM PDT

Horsehead Holding Corp. (NASDAQ:ZINC) has is firing on all cylinders and has analysts growing increasingly bullish.
This Zacks #1 Rank (Strong Buy) operates in a hot sector and the market is providing new comers a chance to get in at a nice entry point.
Company Description
Horsehead Holding Corp. is the holding company for Horsehead Corp, which produces specialty zinc and zinc-based products. They also hold specialized industrial recycling companies and a zinc battery maker.
Easily Ahead of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Monro Muffler Brake, Inc.

Posted: 13 Mar 2011 11:05 PM PDT

The good news just keeps coming for Monro Muffler Brake, Inc. (NASDAQ:MNRO). This Zacks #2 Rank (buy) reported record fiscal third quarter results in January. It is expected to grow earnings by the double digits in fiscal 2011 and fiscal 2012.
Monro Muffler thrived during the recession as more consumers fixed their cars instead of buying new ones.
The company operates a chain of automotive undercar repair and tire services stores in the United States under the brands Monro Muffler Brake, Mr. Tire, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Web.com Group, Inc.

Posted: 13 Mar 2011 11:05 PM PDT

Web.com Group, Inc. (NASDAQ:WWWW) recently hit a new 52-week high after reporting an awesome 58% Q4 earnings surprise in early February. With an average earnings surprise of 38% over the last four quarters and estimates on the rise, this Zacks #1 rank stock is hosting a momentum party.
Company Description
Web.com Group, Inc. is a web site design and services company, offering a wide range of online and marketing tools to small and medium-sized businesses worldwide. The company was founded in 1999 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Avon Products (AVP)

Posted: 13 Mar 2011 11:05 PM PDT

We have downgraded our long-term recommendation on Avon Products (NYSE:AVP) to Underperform following the weak quarterly performance in the fourth quarter of 2010. The quarterly earnings of $0.59 per share fell short of the Zacks Consensus Estimate of $0.67 and dipped 13.2% from the year-ago quarter, battered by increased product costs.
The North American market remained sluggish throughout fiscal 2010. Moreover, the company’s initiatives to change the product mix and reposition the business in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: WPP Group, Plc

Posted: 13 Mar 2011 11:05 PM PDT

WPP Group, Plc – ADS (NASDAQ:WPPGY) is focused on new markets, new media and consumer insights. As WPP has a dominant market share in many areas, we believe it has the pricing power to improve margins and sustain future growth in profit.
WPP Group continues to be in a good position to benefit from the key industry trends. The TNS acquisition represents a major competitive advantage for its consumer insight business and the group. Its gross synergies from the acquisition in the fiscal year 2010 were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In Asian Trade

Posted: 13 Mar 2011 10:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.

GBP/USD was trading at 1.6067, down 0.08% at time of writing.

The pair was likely to find support at 1.5978, Friday's low, and resistance at 1.6243, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8674 and GBP/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 13 Mar 2011 10:10 PM PDT

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

EUR/CHF was trading at 1.2939, up 0.09% at time of writing.

The pair was likely to find support at 1.2827, Friday's low, and resistance at 1.3016, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.22% to hit 1.3933 and EUR/JPY rising 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The Asian Session

Posted: 13 Mar 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Monday.

USD/CHF was trading at 0.9294, down 0.06% at time of writing.

The pair was likely to find support at 0.9258, Monday's low, and resistance at 0.9370, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.16% to hit 1.3924 and USD/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Talking Gold Mining In The Democratic Republic Of Congo With Michael Cooper, CFA

Posted: 13 Mar 2011 09:34 PM PDT

Setting aside the current unrest in Libya for a moment, the fact remains that Africa presents a wealth of opportunity and growth for companies and investors. For resource companies in particular, the bounty of riches is there for the taking. Companies like Redback Mining (acquired by Kinross), Semafo, Teranga Gold, Keegan Resources among others are all examples of Canadian companies that have ventured into the African continent and met with success. However, despite these successes a number of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up In Asian Trade

Posted: 13 Mar 2011 09:10 PM PDT

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

EUR/GBP was trading at 0.8672, up 0.30% at time of writing.

The pair was likely to find support at 0.8534, Thursday's low, and resistance at 0.8686, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.3925 and EUR/JPY rising 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up In Asian Trading Hours

Posted: 13 Mar 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.

USD/JPY was trading at 82.18, up 0.39% at time of writing.

The pair was likely to find support at 80.64, Monday's low, and resistance at 83.30, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.19% to hit 1.3928 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session

Posted: 13 Mar 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.

USD/CAD was trading at 0.9730, up 0.001% at time of writing.

The pair was likely to find support at 0.9668, Wednesday's low, and resistance at 0.9802, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.19% to hit 1.3929 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In Asian Trade

Posted: 13 Mar 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0068, down 0.68% at time of writing.

The pair was likely to find support at 0.9970, Friday's low, and resistance at 1.0159, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.86% to hit 1.3835 and AUD/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down In Asian Trading Hours

Posted: 13 Mar 2011 07:05 PM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Monday.

GBP/CHF was trading at 1.4931, down 0.15% at time of writing.

The pair was likely to find support at 1.4855, Friday's low, and resistance at 1.5137, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.10% to hit 1.6064 and EUR/GBP rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rate Hike Lurking; Keep A Close Eye On The Euro!

Posted: 13 Mar 2011 06:45 PM PDT

In the short term, market participants tend to have a very narrow focus when it comes to determining what information influences their decision making. And we're certainly seeing that now …

I say that because despite all of the underlying problems in the world, the dominant focus in markets for the past few weeks has been all about the interest rate outlook.

The big question: Which major central bank will be the first to move rates off of historic lows and start an interest rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 13 Mar 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3942, up 0.29% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.3979, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.37% to hit 0.8678 and EUR/JPY rising 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Negativity…or Reality?

Posted: 13 Mar 2011 06:33 PM PDT

In ”China Noses Ahead as Top Goods Producer,” the Financial Times highlights yet another area where America is no longer top dog:
China has become the world's top manufacturing country by output, returning the country to the position it occupied in the early 19th century and ending the US's 110-year run as the largest goods producer.
The change is revealed in a study released on Monday by IHS Global Insight, a US-based economics consultancy, which estimates that China last year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up In Asian Trade

Posted: 13 Mar 2011 06:00 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Monday.

EUR/JPY was trading at 114.29, up 0.43% at time of writing.

The pair was likely to find support at 112.52, Monday's low, and resistance at 115.26, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.19% to hit 1.3928 and EUR/GBP rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More On The Rebound In U.S. Manufacturing

Posted: 13 Mar 2011 05:21 PM PDT

From The Economist, an article titled “Rustbelt Recovery,” with this sub-title: “Against all the odds, American factories are coming back to life. Thank the rest of the world for that.” Here’s one key paragraph:

“For the first time in many years, American manufacturing is doing better than the rest of the economy. Manufacturing output tumbled 15% over the course of the recession, from December 2007 to the end of June 2009. Since then it has recovered two-thirds of that drop; production is now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 13 Mar 2011 04:55 PM PDT

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

GBP/JPY was trading at 130.74, down 0.67% at time of writing.

The pair was likely to find support at 129.79, today's low, and resistance at 134.35, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.07% to hit 1.6070 and EUR/GBP rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down In Asian Trade

Posted: 13 Mar 2011 04:20 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Sunday.

USD/JPY was trading at 81.43, down 0.53% at time of writing.

The pair was likely to find support at 80.64, today's low, and resistance at 83.30, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.3950 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The Asian Session

Posted: 13 Mar 2011 03:50 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.7396, down 0.41% at time of writing.

The pair was likely to find support at 0.7322, Thursday's low, and resistance at 0.7456, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.3658 and EUR/NZD rising 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session

Posted: 13 Mar 2011 03:10 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.6076, down 0.02% at time of writing.

The pair was likely to find support at 1.5978, Friday's low, and resistance at 1.6243, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.39% to hit 0.8680 and GBP/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up In Asian Trading Hours

Posted: 13 Mar 2011 02:20 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.3955, up 0.38% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.3989, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8674 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Investor Sentiment: Neutral

Posted: 13 Mar 2011 10:58 AM PDT

Investor sentiment is neutral.  As expected, bullish enthusiasm has been on the wane as prices have pulled back over the past 2 weeks.   The bulls hope that this is the pause that refreshes, and the bears (if there are any out there) hope that the highs have been seen.  From a sentiment perspective there is little edge to the data.  Such short term pullbacks may bring in buyers, but this is not the set up that would lead to sustainable or accelerated gains.  

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

Finding The Right Currency Trading Course Online

Posted: 13 Mar 2011 07:08 AM PDT

By FinanceMansion.com
Learning how to become an expert trader and achieve long-term success and earnings can be achieved through online currency trading courses. However, choosing the right trading course for you can be difficult, so here is some advice and pointers to narrowing down the playing field to matching up with the best trading course for you:
1. If It Sounds Too Good To Be True, It Probably Is. Many courses want membership and care very little about what kind of success users have. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

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