Monday, March 7, 2011

DailyMarkets.com - Best 5 Frequent Flyer Credit Cards Offering Bonus Miles Promotion

DailyMarkets.com - Best 5 Frequent Flyer Credit Cards Offering Bonus Miles Promotion


Best 5 Frequent Flyer Credit Cards Offering Bonus Miles Promotion

Posted: 07 Mar 2011 07:35 AM PST

Are you looking for a credit card that gives you airline miles or points whenever you use your card so that you can get rolling with your frequent flyer account or simply to get free air tickets when you have enough miles or points? If so, you should consider getting rewards credit cards which offer bonus miles/points promotion for new sign-ups so that you can get a headstart in your miles rewards!

Many of these miles or points can also be redeemed for hotel accommodations, car rentals, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Volcano’s Eagle Eye For Japan

Posted: 07 Mar 2011 07:05 AM PST

Recently, Volcano Corporation (NASDAQ:VOLC) received clearance for marketing its third-generation Eagle Eye Platinum digital IVUS catheter in Japan. While the product was introduced earlier this month, the full launch is expected in the second quarter of 2011. The Platinum digital Intravascular Ultrasound (IVUS) catheter provides better deliverability and the ease of additional radiopaque markers in addition to the features associated with the previous Eagle Eye Gold catheter.
Earlier, in February … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Finding Fibonacci Triple Support Intraday On SPY March 7

Posted: 07 Mar 2011 06:59 AM PST

I wanted to share a quick lesson on locating a triple multi-day confluence support zone in the intraday SPY (and S&P 500) that helped shape Friday and now this morning's trading tactics.
Let's see the Triple Confluence and how to put it to work for you in the future:

Click for full-size (via Flickr)
While we can always see how something played out, let's take it step-by-step as this developed and learn the lesson on Confluence Fibonacci.
In Chapter 6 (Fibonacci) of the new Complete … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Google Opens A Can Of Worms

Posted: 07 Mar 2011 06:55 AM PST

Rich Cannings, the security lead for Google Inc's (NASDAQ:GOOG) popular Android OS, wrote in a blog post that the company is remotely removing malicious apps from infected phones. Google is doing this through the "kill-switch" that already exists on all Android phones.
The malicious code, which reads users' personal information, has been discovered on 58 apps and more than 260,000 phones (lower than Android 2.2.2 version) have been affected.
Google has already removed the apps from its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


First Industrial Prices Share

Posted: 07 Mar 2011 06:55 AM PST

First Industrial Realty Trust, Inc. (NYSE:FR), a real estate investment trust (REIT), has recently priced the secondary offering of 8.9 million common shares at $11.40 each. UBS Securities LLC, an indirect wholly-owned subsidiary of UBS AG (NYSE:UBS) is acting as the sole book-running manager for the offering.
First Industrial anticipates raising net proceeds of $100 million from the equity offer. The company intends to utilize the proceeds from the offering to repay its debt. At the same time, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4th Quarter Earnings Outperform

Posted: 07 Mar 2011 06:55 AM PST

The 4th quarter earnings season is almost done. We now have 491 or 98.2% 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 491 firms actually represent 99.5% of the total expected net income.

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


CBS Corp. To Acquire Clicker

Posted: 07 Mar 2011 06:36 AM PST

According to Associated Press, CBS Corporation (NYSE:CBS), one of the largest media conglomerate, recently announced that it has agreed to acquire Clicker.com, the provider of online guide for TV shows. However, the financial terms of the deal were not disclosed.
The buyout also marks the departure of Neil Ashe, president of CBS Interactive since the company gained CNET Networks Inc. Jim Lanzone, CEO of Clicker Media Inc., has been named as his successor.
The deal will bring Clicker’s expertise in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dillard’s February Sales Decline

Posted: 07 Mar 2011 06:36 AM PST

Dillard’s Inc. (NYSE:DDS), the leading apparel and home-furnishing retailer in the United States, reported a decline of 1% in same store sales for the four-week period ended February 26, 2011. Results of the month compared unfavorably with same store sales increasing 2% for the four- week period ended February 27, 2010.
Merchandise sales for the period inched down 1% to $492.6 million compared with flat sales for the four-week period ended February 27, 2010. The sales trend was above average in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dillard’s February Sales Decline

Posted: 07 Mar 2011 06:35 AM PST

Dillard’s Inc. (NYSE:DDS), the leading apparel and home-furnishing retailer in the United States, reported a decline of 1% in same store sales for the four-week period ended February 26, 2011. Results of the month compared unfavorably with same store sales increasing 2% for the four- week period ended February 27, 2010.
Merchandise sales for the period inched down 1% to $492.6 million compared with flat sales for the four-week period ended February 27, 2010. The sales trend was above average in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sikorsky’s S-76C Helicopters Deals

Posted: 07 Mar 2011 06:35 AM PST

Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corporation (NYSE:UTX), has entered into an agreement with SonAir Servico Aereo, S.A. (SonAir) as per which it will be supplying six S-76C++™ helicopters. The contract was signed at a ceremony held at Heli-Expo.
For the past 15 years, aircrafts from Sikorsky have been used by SonAir in its offshore oil operations in Angola, which presently has five S-76C++ aircraft and four S-76C+™ helicopters. The addition of six S-76C++™ … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong 4Q Sales For Toys ‘R’ Us

Posted: 07 Mar 2011 06:35 AM PST

Toys 'R' Us, the leading global retailer of dedicated toys and baby products, reported relatively better adjusted profit during fourth quarter 2010 compared to the year-earlier quarter, driven by a 2% year-over-year rise in net sales to a tally of $6 billion.
The company reported net earnings of $330 million for the reported quarter, compared to $387 million in the year-ago period. The decrease in net earnings was primarily due to higher income taxes during the quarter. However, Toys … [visit site to read more] or compare Best Credit Cards and Best CD Rates


People’s United Reiterated Neutral

Posted: 07 Mar 2011 06:35 AM PST

We have maintained our Neutral recommendation on People's United Financial Inc. (NASDAQ:PBCT). The decision is based on synergies gains expected from recent acquisitions, but low interest environment might act as a deterrent to net interest income of the company.
In January, People’s United announced fourth-quarter 2010 operating earnings per share of 10 cents, in line with the Zacks Consensus Estimate. Results compared favorably with 8 cents per share reported both in the prior quarter and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Altera, TD Ameritrade Holding, Bank Of America, Cerus, Capital One Financial, Cogdell Spencer, Charles Schwab, Wal-Mart Stores

Posted: 07 Mar 2011 06:35 AM PST

 Bank of America (NYSE:BAC) lowered its Q1 EPS estimate for Citigroup to $0.10 from $0.13, against a Zacks Consensus Estimate of $0.10 per share, and for Goldman Sachs to $3.91 from $5.93, against a Zacks Consensus Estimate of $4.23 per share

 Wal-Mart Stores Inc (NYSE:WMT) said its board of directors has approved a yearly dividend of $1.46 this year, up 21% from the $1.21 dividend paid out last year

 Madison Square Garden, Inc. (MSG) reported Q4 EPS of $0.42,  below the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Medtronic’s New Product For Europe

Posted: 07 Mar 2011 06:35 AM PST

Medtronic (NYSE:MDT) has launched its 'Achieve' mapping catheter in Europe, which is used to evaluate pulmonary vein isolation when treating paroxysmal atrial fibrillation (PAF). The product is designed tor use with the company's Arctic Front Cardiac CryoAblation catheter system.
Earlier, in December 2010, the company had received approval from the US Food and Drug Administration (FDA) for its Arctic Front Cardiac CryoAblation catheter system, to treat drug refractory PAF. This is a type of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 07 Mar 2011 06:25 AM PST

03/07/11 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


USD Pressured By High Oil Prices, Loose Monetary Policy

Posted: 07 Mar 2011 06:21 AM PST

The US Dollar continued to be pressured as we start another week of trading, despite some encouraging signs from the labor market in last Friday's Non-Farm Payroll Report.
The main culprits in the Dollar's weakness are surging oil prices as well as the prospect for a sustained period of low interest rates which puts the USD at a disadvantage against the other major currencies where central banks are gearing up for interest rate increases in order to tackle inflation.
The EUR/USD pair moved … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/JPY Should Rally Now If Bullish Wave Count Is Valid

Posted: 07 Mar 2011 06:19 AM PST

USD/JPY's Throwback after the NFP (3/4)
USD/JPY
- USD/JPY has declined since the NFP for February came out last Friday. This came after a 5-wave rally that started 3/2. The decline also does have a corrective structure, or at least not an impulse structure yet.
- Also note that the throwback has retraced almost 78.6%, visiting the central equilibrium of the bottom formation it is trying to build strength from. The USD/JPY should not venture below 81.90. The RSI should also return quickly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 07 Mar 2011 06:19 AM PST

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


Japanese Yen: Under Pressure

Posted: 07 Mar 2011 06:19 AM PST

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


British Pound: The Downside Prevails

Posted: 07 Mar 2011 06:19 AM PST

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


Euro: Under Pressure

Posted: 07 Mar 2011 06:19 AM PST

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


Crude Oil Prices At A Crossroads?

Posted: 07 Mar 2011 06:18 AM PST

Today’s Idea
With heightened volatility seen in the Crude Oil markets, option prices have become rather expensive. This increases the allure for short option sellers, but the potential for a large price move may make selling naked options outright too risky for many traders. One strategy that incorporates both buying and selling options is the ratio spread. Here a trader buys a closer to the money option and then sells 2 or more farther out of the money options to help pay for the option … [visit site to read more] or compare Best Credit Cards and Best CD Rates


5 Things We’re Watching To Start The Week

Posted: 07 Mar 2011 06:05 AM PST

There is not a lack of issues or opportunities facing the financial markets this week. As we stated in the Sector Watch update over the weekend, volatility is back along with increased risk. As investors we have to be more focused and disciplined to keep from losing principle. Thus, we start the week with five areas to watch and capitalize on as the week unfolds.

The first is the most obvious as we, along with the rest of the world, watch crude oil prices. The situation in Libya … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Down Vs. Most Rivals As Oil Gains Weigh

Posted: 07 Mar 2011 05:55 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Monday, as the combination of rising oil prices and the Federal Reserves loose monetary policy weighed on dollar sentiment.

During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.18% to hit 1.4014.

Earlier in the day, rating agency Moody’s downgraded Greece’s sovereign rating to B1 from Ba1 and assigned it a negative outlook.

But the greenback was fractionally higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Building Permits Drop Unexpectedly In January

Posted: 07 Mar 2011 05:53 AM PST

Forex Pros – The number of new building permits issued in Canada dropped unexpectedly in January, official data showed on Monday.

In a report, Statistic Canada said the number of new building permits issued fell by a seasonally adjusted 5.1% in January, after rising by 2.6% in December, whose figure was revised up from 2.4%.
 
Analysts expected the number of new building permits issued to rise by 3.3% in January. 

According to the data, lower construction intentions, particularly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Sets Up For Range, Ascending Triangle Pattern Breakout

Posted: 07 Mar 2011 05:51 AM PST

Post February NFP USD Outlook (3/4 Video)
GBP/USD
- Cable is setting up a range between 1.6345, and 1.6215. You can also argue since the lows have risen, that it is an ascending triangle, giving this setup bit more bullish bias, especially with the previous trend in the medium term being bullish since late December 2010.
- The downside target for a break below 1.6215 (I would look for 1.62 to break), is a pattern breakout projection to 1.6085. In this scenario, the RSI in the 1H chart should … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Watching The 38.2% (other Support) Of The Move Up For The Day

Posted: 07 Mar 2011 05:47 AM PST

The EURUSD is down testing intraday support at the 1.4000/04 level. The level corresponds with the 100 bar MA on the 5 minute chart and the 38.2% of the low to high trading range for the day. The EURUSD moved higher today on expectations of ECB will raise interest rate before the Fed. The move higher was despite bad news in the form of a downgrade by Moody's of Greece debt from Ba1 to B1 (3 level decline).
A break below the 1.4000 level will likely lead to further selling pressure with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Erases Gains As ECB Rate Outlook Eclipses BoE

Posted: 07 Mar 2011 05:45 AM PST

Forex Pros – The pound erased gains against the U.S. dollar on Monday, as expectations that the European Central Bank will raise interest rates as early as next month eclipsed speculation of near-term rate hike by the Bank of England.

GBP/USD retreated from 1.6340, the pair's highest since Wednesday, to hit 1.6264 during European afternoon trade, dipping 0.03%.

Cable was likely to find support at 1.6213, last Wednesday's low and resistance at 1.6343, last Wednesday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Inches Higher On Weaker Canada Building Permits

Posted: 07 Mar 2011 05:38 AM PST

The Canada Building Permits came in at -5.1%. Residential Permits came in at -0.9% and Non Residential Permits fell -13.3%.
The USDCAD has inched higher on the weaker data. Higher oil prices due to the Mideast tension has kept the Canadian dollar supported (USDCAD down). The 100 bar MA on the 5 minute chart comes in at the 0.9712. The 38.2% of the move down today comes in at the level as well. A move above this level is therefore needed to give intraday bulls confirmation that a low is in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Targets 1.4280 And 1.44 But Is Getting Exhausted

Posted: 07 Mar 2011 05:31 AM PST

EUR/USD after the NFP; Long Term Elliott Wave Counts (3/4)
EUR/USD
- The EUR/USD continues to look bullish. To start the week, the EUR/USD continued to rally and is now starting to break away from 1.40. The Daily RSI is tagging 70 and a break above this is a bullish momentum breakout. The 4H RSI also shows bullish continuation as it makes new highers above 70.
- While these are bullish signals for the medium term with a swing projection towards 1.44. We also have the1.4280 resistance to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Close To Record Low As Higher Oil Prices Weigh

Posted: 07 Mar 2011 05:28 AM PST

Forex Pros – The U.S. dollar was trading close to a record low against the Swiss franc on Monday, as higher oil prices and the Federal Reserves loose monetary policy continued to weigh on sentiment towards the greenback.

USD/CHF hit 0.9236 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.9250, easing up 0.04%.

The pair was likely to find support at 0.9199, Wednesday's low and the pair's all-time low and resistance at 0.9329, Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chunghwa Upgraded To Neutral

Posted: 07 Mar 2011 05:25 AM PST

We upgrade our recommendation on Chunghwa Telecom Co. Ltd. (NYSE:CHT) to Neutral following its strong fourth-quarter 2010 financial results. Chunghwa Telecom is the largest integrated telecommunications service provider of Taiwan. The company offers a full suite of telecom services through fixed-line, mobile, and data networks throughout Taiwan and in offshore islands. Although fixed-line offerings have become relatively saturated, we expect Chunghwa's mobile and Internet/Data operations to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold: A Very Good Question

Posted: 07 Mar 2011 05:24 AM PST

Click on the chart to ENLARGE

Overnight gold made a new all time high, reaching $1,444.70.  Which now begs a very good question.  Did the daily cycle really top on Day 22 and bottom the following day, OR, is gold making a stretched daily cycle and still working on making a top (today is Day 25)?

If Day 22 was the top, gold would appear to be entering a runaway move.  If today or some day soon gold tops then we should expect it to decline to make a daily cycle … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Caterpillar Inc. (CAT)

Posted: 07 Mar 2011 04:40 AM PST

Caterpillar Inc.’s (NYSE:CAT) strong brand name, pricing power and global dealer network enable it to take advantage of the growing need for infrastructure development worldwide. Caterpillar’s plans of opening new facilities and expanding existing operations, particularly in the emerging markets, will boost its long-term potential.
The Bucyrus acquisition will position Caterpillar as the #1 mining equipment manufacturer in the U.S. The company s fiscal 2010 adjusted EPS almost doubled to $4.15 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Sara Lee Corp. (SLE)

Posted: 07 Mar 2011 04:35 AM PST

Sara Lee Corp. (NYSE:SLE) a global manufacturer as well as marketer of high-quality brand products and possesses a formidable portfolio of well-established brands. However, as the company uses different commodities and raw materials, cost-push inflation remains a key risk factor.
Further, with the intense competition prevailing in the branded food market, Sara Lee is constantly under pressure to maintain its position. In addition, after the resignation of Sara Lee’s Chairman and Chief Executive … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Trims Losses, ECB Rate Outlook Supports

Posted: 07 Mar 2011 04:18 AM PST

Forex Pros – The euro trimmed losses against the pound on Monday, easing up from a daily low, as expectations for a near term interest rate hike by the European Central Bank supported the currency, following a downgrade of Greece's debt rating.

EUR/GBP clawed back up from 0.8572, the daily low, to hit 0.8593 during European early afternoon trade, dipping 0.04%.

The pair was likely to find support at 0.8563, Friday's low and resistance at 0.8652, the high of January 28.

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


Forex – EUR/USD Shrugs Off Greece Downgrade, Hits 4-month High

Posted: 07 Mar 2011 03:43 AM PST

Forex Pros – The euro surged to its highest level against the U.S. dollar since November on Monday, as the single currency shrugged off a downgrade on Greece's debt by ratings agency Moody's.

EUR/USD hit 1.4036 during European morning trade, the pair's highest since November 8; the pair subsequently consolidated at 1.4029, climbing 0.30%.

The pair was likely to find support at 1.3832, Thursday's low and short-term resistance at 1.4084, the high of November 8.

Moody’s downgraded … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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