DailyMarkets.com - Amazon Beats Google, Apple |
- Amazon Beats Google, Apple
- Anadarko’s Find In Offshore Ghana
- Apollo Beats, Profits Fall
- Dr. Reddy’s Launches Generic Xyzal
- China Buyout Offer Under Scrutiny
- Home Prices Keep Falling
- Videoconferencing Market Thriving
- Foster Wheeler Wins Russian Deal
- Hot Shutters ShockHound, Guides Low
- Forex – Dollar Up Vs. Most Rivals As Fed Boosts Hopes For Tighter Policy
- Forex – EUR/USD Up At The End Of European Session
- Forex – GBP/USD Hovering Close To 2-month Low After Fed Comments
- Forex Trading: EURUSD Tests 100 And 200 Bar MA On 5 Minute Chart
- Forex – EUR/USD Lower After Bullard Remarks, S&P Downgrades
- USD/CHF Attacking 0.92 With Bullish Momentum; 0.94 Is Next?
- RadioShack Upped To Neutral
- RadioShack Upped To Neutral
- Forex Trading: AUDUSD Tests The 100 Hour MA And Bounces Fast
- Hudson City Completes Restructuring
- Australian Dollar: Under Pressure
- Canadian Dollar: Caution
- Goldman Partners Cut Ownership
- Crude Slides As Exports Restart In Libya
- Forex – Euro Surges To 10-month High Against Weaker Yen
- Word From The Floor: Stocks Turn Higher After Weak Open
- Lennar Constructs A Quarterly Profit
- State And Local Tax Revenues Set Record In QIV
- Forex Trading: GBPUSD Squeezes Higher
- Forex – USD/CAD Lower As Oil Prices Stay Supported On Libya
- U.S. CB Consumer Confidence Falls More-than-expected
- Forex – Dollar Broadly Higher Vs. Rivals After Bullard Remarks
- S&P/Case-Shiller Home Price Index Falls Less-than-expected
- U.S. Stock Futures Point To Higher Open; Dow Futures Add 0.2%
- Forex – GBP/USD Close To 2-month Low On Hawkish Fed Comments
- Afren Plans Multi-well Drilling Programme As Full-year Profits Surge
| Posted: 29 Mar 2011 10:05 AM PDT Amazon.com Inc. (NASDAQ:AMZN) beat both Google Inc (NASDAQ:GOOG) and Apple Inc (NASDAQ:AAPL) in the race to provide online storage of media content, including documents, photographs, music and videos in any format whatsoever, enabling anytime anywhere access to all.
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| Anadarko’s Find In Offshore Ghana Posted: 29 Mar 2011 10:05 AM PDT Oil and natural gas exploration and production company, Anadarko Petroleum Corporation (NYSE:APC) announced that it made a deepwater discovery in its Teak-2 prospect, located in the West Cape Three Points Block, offshore Ghana. The well discovered approximately 90 net feet of high-quality oil, condensate and natural gas pay.
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| Posted: 29 Mar 2011 09:55 AM PDT Apollo Group Inc. (NASDAQ:APOL), one of the world's largest private education providers, reported earnings of 83 cents per share, down 1.2% year over year, in the second quarter of fiscal 2011. The results fell short of the year-ago earnings of 84 cents a share. However, earnings surpassed the Zacks Consensus Estimate of 69 cents a share.
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| Dr. Reddy’s Launches Generic Xyzal Posted: 29 Mar 2011 09:55 AM PDT Dr. Reddy's Laboratories (NYSE:RDY) recently announced the US launch of its generic version of UCB's (UCBJF) Xyzal. The drug is marketed in the US for the relief of symptoms associated with seasonal and perennial allergic rhinitis and the treatment of uncomplicated skin manifestations of chronic idiopathic urticaria.
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| China Buyout Offer Under Scrutiny Posted: 29 Mar 2011 09:35 AM PDT The buyout offer received earlier this month by China Fire & Security Group Inc. (NASDAQ:CFSG) from a global private equity firm is being investigated by Goldfarb Branham LLP. The firm is investigating whether the board of China Fire violated shareholder protection laws in connection with the proposed acquisition.
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| Posted: 29 Mar 2011 09:10 AM PDT In January, home prices continued to slip, although the declines were less widespread than in recent months. The Case-Schiller Composite 10 City index (C-10) fell 0.22% on a seasonally adjusted basis, and is down 2.03% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) also fell by 0.22% on the month and is down 3.03% from a year ago. The second down leg of housing prices continues. Of the 20 cities, eight were up on a month-to-month basis, and 12 were … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Videoconferencing Market Thriving Posted: 29 Mar 2011 09:06 AM PDT Videoconferencing and telepresence becomes utmost necessity for large enterprises to reduce costs when the economy has started to recover from recession. Business enterprises are restricting their travel budgets as cost control measures. This makes high-definition telepresence solutions a cost-induced alternative in an increasingly interactive world. This market stands to gain in the near future since enterprises, governments, and educational institutions are increasingly recognizing the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Foster Wheeler Wins Russian Deal Posted: 29 Mar 2011 09:05 AM PDT A subsidiary of Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group won an engineering and material supply contract from JSC Novo-Ufimsky Refinery, a subsidiary of Russian oil company Bashneft. The delivery will be made to the Ufarefinery in the Republicof Bashkortostan, Russiafor its new Terrace WallTM steam reformer heater and air preheating system.
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| Hot Shutters ShockHound, Guides Low Posted: 29 Mar 2011 09:05 AM PDT Teen retail chain Hot Topic Inc. (NASDAQ:HOTT) recently announced string of strategic measures to enhance the company’s growth followed by a series of business restructuring, which include discontinuation of its ShockHound.com website, selling music merchandise and MP3s.
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| Forex – Dollar Up Vs. Most Rivals As Fed Boosts Hopes For Tighter Policy Posted: 29 Mar 2011 09:03 AM PDT Forex Pros – The U.S. dollar was up against almost all of its major rivals on Tuesday, after remarks by a senior Federal Reserve official sparked speculation the bank is laying the groundwork to tighten monetary policy.<br /><br />During early U.S. trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.05% to hit 1.4079.<br /><br />Earlier in the day, St. Louis Federal Reserve President James Bullard said the Fed’s USD600 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of European Session Posted: 29 Mar 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4089, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday’s low, and resistance at 1.4220, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.10% to hit 0.8817 and EUR/JPY rising 0.86% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hovering Close To 2-month Low After Fed Comments Posted: 29 Mar 2011 08:50 AM PDT Forex Pros – The pound was hovering close to a two-month low against the U.S. dollar on Tuesday, after St. Louis Federal Reserve President James Bullard said U.S. policymakers may not wait for global uncertainties to be resolved before they begin tightening monetary policy.<br /><br />GBP/USD hit 1.5943 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.5979, slipping 0.07%.<br /><br />Cable was likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Tests 100 And 200 Bar MA On 5 Minute Chart Posted: 29 Mar 2011 08:46 AM PDT The 100 and 200 bar MA is being tested at the 1.4091 level and seems to be finding some sellers. Staying below this level may be what the market needs to reverse the bias back to the downside. Ultimately a move below the 1.4058 level is needed to push the pair lower. This level corresponds to the 38.2% of the move up from the March 11th low (see chart below). A move below this level would next target the 1.4000 level for the pair (with stops at yesterdays lows being interim … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Lower After Bullard Remarks, S&P Downgrades Posted: 29 Mar 2011 08:36 AM PDT Forex Pros – The euro was lower against the U.S. dollar on Tuesday, after a senior Federal Reserve official said the bank’s asset purchase plan should be trimmed and after Standard & Poor’s downgraded the credit ratings of both Portugal and Greece.<br /><br />EUR/USD hit 1.5943 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.4063, dipping 0.05%.<br /><br />The pair was likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF Attacking 0.92 With Bullish Momentum; 0.94 Is Next? Posted: 29 Mar 2011 08:30 AM PDT USD/CHF in C wave Correction Target 0.92 above 0.9120 (3/24) Short Term and Wave Count
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| Posted: 29 Mar 2011 08:27 AM PDT We are upgrading our recommendation on RadioShack Corp. (NYSE:RSH) to Neutral based on (1) its current valuation (2) launch of iPAD2 in its 500 stores from March 29, 2011. The stock price has plummeted nearly 37.5% in the last year and is now trading at the low-end of RadioShack's 52-week price range. We believe current valuation of RadioShack may provide a cushion for a further downside.
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| Posted: 29 Mar 2011 08:27 AM PDT We are upgrading our recommendation on RadioShack Corp. (NYSE:RSH) to Neutral based on (1) its current valuation (2) launch of iPAD2 in its 500 stores from March 29, 2011. The stock price has plummeted nearly 37.5% in the last year and is now trading at the low-end of RadioShack's 52-week price range. We believe current valuation of RadioShack may provide a cushion for a further downside.
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| Forex Trading: AUDUSD Tests The 100 Hour MA And Bounces Fast Posted: 29 Mar 2011 08:23 AM PDT Today, the AUDUSD fell and tested the 100 hour MA at the 1.0209 level. The low reached to 1.0203 but bounced back above the key moving average level. This gave the shorts (and new longs) a reason to buy back positions, and they have. The price is now looking to test the high for the day at the 1.0270 level. The AUDUSD remains a supported currency due to the global growth story. The correction lower and holding of the 100 hour MA was a nice technical support level to hold and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hudson City Completes Restructuring Posted: 29 Mar 2011 08:21 AM PDT Yesterday,Hudson City Bancorp Inc. (NASDAQ:HCBK) announced the completion of its balance sheet restructuring. The restructuring condensed higher-cost structured borrowings, which are expected to increase net interest income in the coming quarters as interest expenses goes down.
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| Australian Dollar: Under Pressure Posted: 29 Mar 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Goldman Partners Cut Ownership Posted: 29 Mar 2011 08:20 AM PDT According to a New York Times report, The Goldman Sachs Group Inc.'s (NYSE:GS) partners decreased their stake in the company to about 10% from 11.2%. The reduction in stake includes selling approximately $108 million of shares in the recent months.
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| Crude Slides As Exports Restart In Libya Posted: 29 Mar 2011 08:10 AM PDT 03/29/11 Front month crude prices experienced another session of losses, trading below $103, as Libyan rebels restarted crude exports from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Euro Surges To 10-month High Against Weaker Yen Posted: 29 Mar 2011 08:02 AM PDT Forex Pros – The euro surged to a 10-month high against the broadly weaker yen on Tuesday, as speculation over possible yen repatriation in the wake of the March 11 earthquake and tsunami subsided.<br /><br />EUR/JPY hit 116.05 during European late afternoon trade, the pair’s highest since May 14, 2010; the pair subsequently consolidated at 115.85, gaining 0.69%.<br /><br />The pair was likely to find support at 114.15, Monday’s low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Word From The Floor: Stocks Turn Higher After Weak Open Posted: 29 Mar 2011 03:00 AM PDT 03/29/11 US stocks started out with a retreat, but turned higher despite weakness in US economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Lennar Constructs A Quarterly Profit Posted: 29 Mar 2011 02:55 AM PDT 03/29/11 The Lennar Corporation announced Tuesday that its net incom for the December-February period came in better-than-expected at $27.4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| State And Local Tax Revenues Set Record In QIV Posted: 29 Mar 2011 07:34 AM PDT In another sign that the U.S. economy has made a full recovery from the 2007-2009 recession, state and local tax collections reached a new record high in the fourth quarter 2010 of $378.3 billion, according to data released today by the Census Bureau. Compared to the fourth quarter of 2009, state tax collections were up overall by 1.64%, helped by increases of more than 10% for individual income taxes, 14.3% for corporate income taxes, and 2.3% for sales taxes. Property tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPUSD Squeezes Higher Posted: 29 Mar 2011 07:33 AM PDT The EURUSD is not the only currency pair to squeeze back higher. The GBPUSD has also moved to the upside and tests the 50% of the days range and the converged 100 and 200 bar MA on the 5 minute chart. The level comes in at the 1.5992 (for the 50% ) and the 1.5996 level for the 100 and 200 bar MA.
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| Forex – USD/CAD Lower As Oil Prices Stay Supported On Libya Posted: 29 Mar 2011 07:16 AM PDT Forex Pros – The U.S. dollar was lower against its Canadian counterpart on Tuesday, as crude oil, Canada’s largest export, remained well supported amid concerns over how quickly Libyan oil could return to markets.<br /><br />USD/CAD hit 0.9744 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.9760, shedding 0.18%.<br /><br />The pair was likely to find support at 0.9730, the low of March 24 and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. CB Consumer Confidence Falls More-than-expected Posted: 29 Mar 2011 07:05 AM PDT Forex Pros – U.S. consumer confidence declined more-than-expected in March, industry data showed on Tuesday.<br /><br />In a report, the Conference Board, a market research group said its index of consumer confidence fell to 63.4 in March, compared to a reading of 72.0 in February, whose figure was revised up from 70.4.<br /><br />Analysts had expected the index to decline to 65.0 in March.<br /><br />The report also showed that the CB index of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Higher Vs. Rivals After Bullard Remarks Posted: 29 Mar 2011 06:22 AM PDT Forex Pros – The U.S. dollar was broadly higher against its rivals on Tuesday, after St. Louis Federal Reserve President James Bullard said U.S. policymakers may not wait for global uncertainties to be resolved before they begin normalizing monetary policy.<br /><br />During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD sliding 0.17% to hit 1.4061.<br /><br />Earlier in the day, Bullard said the Federal Reserve’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| S&P/Case-Shiller Home Price Index Falls Less-than-expected Posted: 29 Mar 2011 06:06 AM PDT Forex Pros – The S&P/Case-Shiller home price index fell slightly less-than-expected in January, declining for the seventh consecutive month, industry data showed on Tuesday.<br /><br />In a report, Standard & Poor with Case-Shiller said its house price index fell by 3.1% in January, after dropping by 2.4% in December.<br /><br />Analysts expected the house price index to drop by 3.1% in January.<br /><br />Commenting on the report, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Stock Futures Point To Higher Open; Dow Futures Add 0.2% Posted: 29 Mar 2011 05:58 AM PDT Forex Pros – U.S. stock futures pointed to a higher open on Tuesday, as market sentiment was boosted by a flurry of upbeat corporate earnings reports and as traders awaited U.S. data on house prices and consumer confidence.<br /><br />Dow Jones Industrial Average futures pointed a gain of 0.2%, the S&P 500 futures indicated a rise of 0.25%, while Nasdaq 100 futures climbed 0.1%. <br /><br />The largest U.S. homebuilder Lennar saw shares climb … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Close To 2-month Low On Hawkish Fed Comments Posted: 29 Mar 2011 05:24 AM PDT Forex Pros – The pound erased gains against the U.S. dollar on Tuesday, after St. Louis Federal Reserve President James Bullard said that normalization in U.S. monetary policy will be a key theme this year.<br /><br />GBP/USD hit 1.5943 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.5957, shedding 0.20%.<br /><br />Cable was likely to find short-term support at 1.5936, Monday’s low and a two-month low and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Afren Plans Multi-well Drilling Programme As Full-year Profits Surge Posted: 29 Mar 2011 02:57 AM PDT Shares in Afren marched on towards 170p this morning on news of a maiden post-tax profit of US$45.9 million together with a multi-well exploration programme and the promise of more acquisitions in West and East Africa. The share momentum marks a near-return to Afren's five-year high of 184p, achieved in May 2008 shortly before the economic downturn unsettled oil investors. The company said it was planning a ten-well exploration and appraisal programme in 2011, targeting a total net mean … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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