Friday, March 18, 2011

DailyMarkets.com - Banking Dividends Come Back

DailyMarkets.com - Banking Dividends Come Back

Banking Dividends Come Back

Posted: 18 Mar 2011 09:35 AM PDT

Some of the U.S. banks will be notified about the results of the second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported.
This long expected decision is a major milestone for the banking sector, signalling that the notified banks have fully come out of the effects of the financial crisis. This paves the way for these banks to reinstate dividends and buyback shares. Due to the recession, the Fed had put restrictions on increasing banks' dividends and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

It’s Time To Pay, Says NY Times

Posted: 18 Mar 2011 09:35 AM PDT

The much-awaited pricing system for The New York Times Company's (NYT) NYTimes.com is knocking at the door with a March 28, 2011 launch date in the United States and worldwide. This would mark an end to the free usage of online content. The company has already launched the pay-and-read model in Canada on Thursday for test run and traffic familiarity.
Shell Out to Break the Wall
The publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other dailies said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Loss Widens At Vantage

Posted: 18 Mar 2011 09:35 AM PDT

Offshore drilling contractor Vantage Drilling Company (VTG) reported weaker-than-expected fourth quarter and full-year 2010 results, hurt by higher interest expenses and operating costs.
The company reported net loss per share of 5 cents in the fourth quarter compared with the loss per share of 2 cents in the prior-year quarter. The result also was wider than Zacks Consensus estimated loss of 2 cents per share.
For full year 2010, net loss, excluding acquisition and refinancing charges, was 8 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Banking Dividends Come Backs

Posted: 18 Mar 2011 09:10 AM PDT

Some of the U.S. banks will be notified about the results of the second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported.
This long expected decision is a major milestone for the banking sector, signalling that the notified banks have fully come out of the effects of the financial crisis. This paves the way for these banks to reinstate dividends and buyback shares. Due to the recession, the Fed had put restrictions on increasing banks' dividends and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Component Shortage To Hurt Apple

Posted: 18 Mar 2011 09:10 AM PDT

Apple Inc.(NASDAQ:AAPL) may see supply constraints for key components required in its newly released iPad2 as Japan is still reeling from the disastrous earthquake and Tsunami that hit the country on March 11, 2011, according to research firm iSuppli.
Apple's iPad2 has five components that are exclusively sourced from Japanese companies including NAND flash memory chips made by Toshiba Corp., dynamic random access memory (DRAM) from Elipda Memory Inc. AKM Semiconductor Inc. supplies the electronic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PetroChina Reports Strong Results

Posted: 18 Mar 2011 09:10 AM PDT

Chinese energy giant PetroChina Co. Ltd. (PTR) announced 2010 earnings of RMB 140.0 billion or RMB 0.76 per diluted share, compared with RMB 103.4 billion or RMB 0.56 per diluted share a year earlier. Earnings per ADR came in at $11.34 (exchange rate: US$1.00 = RMB 6.7, 1 ADR = 100 shares), higher than the Zacks Consensus Estimate of $10.92.
The positive comparisons can be primarily attributable to robust performance from the Beijing-based company's 'Exploration and Production' segment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Carnival

Posted: 18 Mar 2011 09:05 AM PDT

Miami-based Carnival Corporation (NYSE:CCL), the world's biggest cruise-line operator, is slated to release its first quarter fiscal 2011 earnings results on March 22. Carnival expects first quarter 2011 earnings of 19 cents per share, which is in line with the Zacks Consensus Estimate and is at the higher end of the company's forecast of 15 cents to 19 cents. In the first quarter of 2010, adjusted earnings were 12 cents per share and including the impact of a non-recurring item of 10 cents, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Banks Free From Fed & Govt. Clutch

Posted: 18 Mar 2011 09:05 AM PDT

Some of the U.S. banks will be notified about the results of the second round of stress tests conducted by the Federal Reserve today, the Wall Street Journal reported on Thursday. This will be considered as a landmark decision for the government as the banking sector was on the verge of collapse amidst the financial crisis. If these banks pass the tests, they will be free from strict government scrutiny.
Most importantly, following the stress test results, banks would be permitted to reinstate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up Toward The End Of European Session

Posted: 18 Mar 2011 08:55 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6172, up 0.22% at time of writing.

The pair was likely to find support at 1.5979, Tuesday's low, and resistance at 1.6198, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.56% to hit 0.8739 and GBP/JPY rising 3.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

G7 Intervention Pushes Japanese Yen Lower

Posted: 18 Mar 2011 08:45 AM PDT

03/18/11 The Group of Seven Nations announced that they will intervene in the forex markets for the first time in a decade. The statement led the way for the yen to post its largest drop against the dollar in two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Unilever Entices U.S. With Magnum

Posted: 18 Mar 2011 08:35 AM PDT

Unilever plc (UL )  is about to chill the $9.3 billion US ice cream market for the first time with its Magnum Bars. According to company sources, Magnum bars sold in the U.S. will be available for a suggested retail price of $2.59 each, or $3.99 for a multipack of three.
Unilever plc, a subsidiary of The Unilever Group, and based in London, UK, had introduced the Magnum bars, a premium ice cream on a stick wrapped in a thick chocolate shell, in the U.K. in 1987. Since then it has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

StanCorp Financial Remains Neutral

Posted: 18 Mar 2011 08:35 AM PDT

StanCorp Financial Group Inc.'s (NYSE:SFG) fourth quarter earnings lagged the Zacks Consensus Estimate as well as the year-ago results as higher premiums in the Insurance Services segment, improved earnings in the Asset Management segment and positive favorable impact of share buyback were more than offset by lower favorable claims in the Insurance Services segment. We thus remain Neutral on StanCorp.
StanCorp's Asset Management segment is benefiting from an increase in administrative fees on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wyndham Remains Neutral

Posted: 18 Mar 2011 08:35 AM PDT

We are maintaining our Neutral recommendation on Wyndham Worldwide Corporation (NYSE:WYN), a hospitality company engaged in offering a wide array of hospitality products and services to individual consumers and business customers in the United States and internationally.
Wyndham reported fourth quarter 2010 adjusted earnings of 46 cents per share, which outpaced both the Zacks Consensus Estimate of 44 cents and the company's guided range of 40 to 44 cents. The results were driven by higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The European Session

Posted: 18 Mar 2011 08:30 AM PDT

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

EUR/USD was trading at 1.4132, up 0.79% at time of writing.

The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4146, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.62% to hit 0.8744 and EUR/JPY rising 3.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution

Posted: 18 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

Canadian Dollar: Caution

Posted: 18 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

Crude Rallies On UN Actions In Libya

Posted: 18 Mar 2011 08:00 AM PDT

03/18/11 Front month crude prices traded above $103 today after the United Nations agreed to establish a no-fly zone in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: Wall Street Extends Gains

Posted: 18 Mar 2011 02:55 AM PDT

03/18/11 US stocks extended gains, following the G7 currency intervention and reports of a ceasefire in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Finds Its Ceiling

Posted: 18 Mar 2011 07:52 AM PDT

The GBPUSD has resistance against the 1.6185 to 1.6189 today. Three separate times the price has moved to this level and each time sellers have entered. In the last few hours, the price has made lower lows with trendline resistance at the 1.6174 level. 
Earlier today, the price fell sharply to a low price of 1.6059. The fall was attributed to the Nationwide consumer confidence sentiment index falling to 38 – the lowest level on record.  
However, since that time, the price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up In European Trading Hours

Posted: 18 Mar 2011 07:40 AM PDT

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

GBP/JPY was trading at 131.13, up 3.01% at time of writing.

The pair was likely to find support at 122.36, Wednesday's low, and resistance at 132.54, Tuesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.16% to hit 1.6162 and EUR/GBP rising 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Honda To Extend Vehicle Production Halt

Posted: 18 Mar 2011 02:30 AM PDT

03/18/11 The Honda Motor Company announced Frisay that it will be halting vehicle production in Japan until March 23rd, three days … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Complex Events Lift Yields At The End Of Torrid Week

Posted: 18 Mar 2011 07:28 AM PDT

Bond prices have swung between gains and losses overnight as a complex of financial and geopolitical factors tripped up traders around the globe. Asian markets welcomed the success of a central bankers’ agreement to tame the rampant yen. Speculators had almost dared for intervention by pushing the Japanese unit to its highest ever in the aftermath of the earthquake. The relief from a lower yen stoked a recovery in sentiment and a rebound for stocks. Bond prices suffered from a drop in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY Threatens To Revisit 135; 133 Is Key Resistance

Posted: 18 Mar 2011 07:24 AM PDT

GBP/JPY Bounces off Major Support; Bearish Swing Targets 120.00 (3/17)
GBP/JPY

- The GBP/JPY, like all the yen-crosses saw a sudden decline in the yen due to the multilateral JPY intervention.
- The GBP/JPY in the 1H chart shows that it has completed 3 waves, and could therefore be done with a correction.
- However, the strength of the rally suggests otherwise, though we know this is not just based on market forces. The 4H RSI is testing 60, if it sustains a break above it, the RSI would show … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests Support And Finds Buyers

Posted: 18 Mar 2011 07:21 AM PDT

As per the prior post, the USDJPY fell below the support at the 80.90-98 (low reached 80.80) and failed to gather any additional momentum. The pair moved back above the 80.90 level and is now testing the 200 bar MA and the earlier day floor at the 81.21 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gulf Keystone Petroleum Cheered By Initial Oil Flow From Shaikan-2 Appraisal Well

Posted: 18 Mar 2011 02:35 AM PDT

Gulf Keystone Petroleum (LON:GKP) , the oil and gas group active in the Kurdistan region of Iraq, was the best performer on the Alternative Investment Market during early trading this morning after it reported promising early signs from the Shaikan-2 appraisal well. The company said it had seen a significant initial oil flow on the Shaikan-2 well in a 44 meter interval (between 1,792m to 1,836m) in the Jurassic age formation. Gulf Keystone is currently involved in an appraisal and exploration … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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