Monday, March 21, 2011

DailyMarkets.com - Bullish On Telus

DailyMarkets.com - Bullish On Telus


Bullish On Telus

Posted: 21 Mar 2011 08:05 AM PDT

Telus Corporation's (NYSE:TU) improved confidence related to 2011 earnings and free cash flow outlook with cost reduction plans and further investments in broadband infrastructure expansion encourage us to maintain our positive view on the company.
Though fourth quarter earnings missed the Zacks Consensus Estimate by 6 cents, it rose 40% year over year on strong data and wireless revenue combined with healthy Optik TV and Optik high-speed Internet services.
The second largest Canadian … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hatteras To Offer Shares

Posted: 21 Mar 2011 08:05 AM PDT

Hatteras Financial Corp. (NYSE:HTS), a real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), has recently announced its offer of 14.5 million shares at $28.50 each. The company will also grant the underwriters an option to purchase an additional 2.175 million shares to cover any over-allotments.
 
BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (NYSE:BAC); Wells Fargo Securities, LLC, part of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jones Lang Upgraded To Outperform

Posted: 21 Mar 2011 08:05 AM PDT

We are upgrading our long-term recommendation for Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), from 'Neutral' to 'Outperform' as we anticipate it to perform well above the broader market.
Jones Lang reported record revenues in 2010 and expects to maintain the momentum in 2011 as well. The company expects continued recovery in the market fundamentals, with global transaction volumes projected to exceed $380 billion, up 20%-25% compared to 2010. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


An Analysis Of AT&T, T-Mobile Deal

Posted: 21 Mar 2011 07:40 AM PDT

AT&T Inc. (NYSE:T), the second largest mobile service provider in the U.S., will buy Deutsche Telekom unit T-Mobile USA for $39 billion, representing $25 billion in cash and the balance in AT&T common stock. Notably, T-Mobile is the fourth largest U.S. wireless provider.
The deal has been approved by the directors of both companies and is expected to close in 12 months, pending several regulatory approvals.
The German telecom operator, Deutsche Telekom, will get an 8% stake in AT&T to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Liberty Global Hikes Bid For Kabel

Posted: 21 Mar 2011 07:35 AM PDT

Liberty Global Inc. (NASDAQ:LBTYA), a leading global cable TV and diversified broadband services provider, recently raised its bid in the auction for Kabel Baden-Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany. In the initial bidding process, Liberty Global was outbid by CVC Capital Partner, which offered around $4.17 billion for Kabel Baden. However, Liberty Global raised its second bid to approximately $4.4 billion. CVC has to submit a counter bid latest by Monday (March … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gmail Under China Attack: What Next?

Posted: 21 Mar 2011 07:15 AM PDT

Google Inc. (NASDAQ:GOOG) has announced that the Chinese government appears to be tampering with its email services in China. According to Google, the Chinese government has started partially and intermittently blocking user accounts, so users would experience access problems.
Media reports indicate that the problems started in January this year and have continued to date. Google has made a thorough investigation, discovering no technical faults, according to company officials.
Google's problems … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Big Managed Service Push From India

Posted: 21 Mar 2011 07:15 AM PDT

India, the second largest emerging market in the world, is likely to turn out as a "Treasure Island" for the global telecom equipment manufacturing giants. The first phase of 3G network deployment is almost complete in India. Furthermore, some big telecom operators such as Bharti Airtel, Reliance Industries Ltd., and Tata DoCoMo, a joint venture between Tata Communications Ltd. (NYSE:TCL) and NTT DoCoMo (NYSE:DCM) may start deploying 4G LTE networks from late 2011.
Massive deployment of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Elliott Wave Scenarios And Breakout Targets

Posted: 21 Mar 2011 07:09 AM PDT

EUR/USD Confirms with Bullish Momentum Heading Towards 1.4280 (3/19)
EUR/USD

Short-term
- The recent break above 1.40 and the 1.4040 high looks to be a bullish impulse wave development following an ABC correction.
- So far we are probably done with 1 and 2 and developing 3. The minor waves still look incomplete. Also, we should not see a break below 1.4050 until we complete wave 3.
- A decline after wave 3 completion should not break below 1.40 before another bullish attempt.
- The bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Covidien Okayed By FDA Panel

Posted: 21 Mar 2011 07:05 AM PDT

Ireland-based leading healthcare products maker Covidien plc (NYSE:COV) reported that the U.S. Food and Drug Administration's ("FDA") advisory panel for neurological devices has unanimously recommended the approval of the company's "Pipeline Embolization Device" for treating large, giant and wide-neck cerebral aneurysms (a brain vascular disorder). The panel's decision follows the review of the Premarket Approval (PMA) application data for the device. 

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


AstraZeneca Inks Oncology Deal

Posted: 21 Mar 2011 07:05 AM PDT

Recently, AstraZeneca (NYSE:AZN) inked an oncology deal with US based privately-held non-profit medical research organization, Sage Bionetworks. The deal, whose financial terms were not disclosed, aims at a better understanding of the dreaded disease of cancer, which should lead to new therapies hitting the market. AstraZeneca and Sage Bionetworks intend to make use of advanced computational models of disease genetics to formulate a better understanding of cancer. 

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


Strong Earnings To Overcome Int’l Problems

Posted: 21 Mar 2011 06:55 AM PDT

The fourth quarter earnings season is effectively over, and before we know it the first quarter season will be upon us. 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.

The earnings season has been a strong one, with total net income for those firms rising 30.7% over a year ago. The median surprise of 3.64% is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Jumps On Announcement That Treasury To Sell $142 Billion Of MBS

Posted: 21 Mar 2011 06:50 AM PDT

The US Dollar gained across the board in early NY trading as it was announced around 9:30AM ET by the Treasury Department that they would begin to sell off their portfolio of $142 billion in agency-guaranteed mortgage backed securities (MBS).

From MarketWatch: Treasury to sell $142 bln MBS portfolio
"The Treasury Department said Monday that it will begin to sell its portfolio of $142 billion in agency-guaranteed mortgage-backed securities. A senior Treasury official said the department … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Autoliv, AutoNation, American Axle & Manufacturing Holdings, Camtek Ltd., Cisco Systems, Dana Holding, Diamond Offshore Drilling, DSP Group, Ford Motor Credit Company, General Mills, General Motors, Gentex, Johnson Controls, Nike

Posted: 21 Mar 2011 06:36 AM PDT

 Cisco Systems (NASDAQ:CSCO) announced that on March 17, 2011 its board of directors approved the initiation of quarterly cash dividends of $0.06 to its shareholders, which is the first cash dividend in the company’s history. A quarterly dividend will be paid on April 20, 2011 to all shareholders of record as of the close of business on March 31, 2011

 Nike (NYSE:NKE) disappointed with fiscal third quarter earnings of $1.08, missing the Zacks Consensus Estimate of $1.12

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


USD/JPY Short-term Elliott Wave Scenario

Posted: 21 Mar 2011 06:35 AM PDT

The Market's Reaction to the Japanese Yen Intervention (3/19 Video)
USD/JPY

- The USD/JPY is likely developing an impulse wave after the sharp v-shape reversal. But a break below the 79.70 pivot would suggest bearish continuation.
- However, if the market can reject a decline from closing below 79.70, we should still be in a bullish impulse wave.
- We could have completed wave (iv) to start the week onto wave (v).
- After a test and or break above last week's high at 81.92, we would … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 21 Mar 2011 06:19 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: 21 Mar 2011 06:19 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: 21 Mar 2011 06:19 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: 21 Mar 2011 06:19 AM PDT

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


New All-Time High Likely For The Swiss Franc

Posted: 21 Mar 2011 06:15 AM PDT

Hey guys! I've been away for several days now for a business trip in the Asia-Pacific but I'm back in the Forex front! So in today's feature, I present to you the USDCHF pair. Just last week (March 17), the Swiss franc reached a new high against the US dollar when the USD/CHF pair fell to historical low of 0.8900. You see, the pair has been trading on a downward course since June 2010. A break down from a small rising wedge last March 14 was actually the one that set the swissy to its new … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Quiet Start Sees Commodity Dollars Gain

Posted: 21 Mar 2011 06:05 AM PDT

It seems as though the investment community feels better about geopolitical and environmental risks at the outset of a new week possibly due to joint efforts on two fronts. Coordinated currency intervention has taken the undermined the desire to drive a wedge between the value of the Japanese yen and prices of domestic stocks, which in turn threatened contagion around the world. Similar agreement by G7 nations to strike down the Libyan regime has been met with little but defiance from Tripoli. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Greatest Reduction In World Poverty Ever In History: Isn’t Free Trade Partly Responsible?

Posted: 21 Mar 2011 06:02 AM PDT

Ian Fletcher claims here that “Free Trade Isn’t Helping World Poverty,” and Don Boudreaux responds here.  Here’s some related research:

From a new NBER working paper “Parametric Estimations of the World Distribution of Income,” by Maxim Pinkovskiy and Xavier Sala-i-Martin (Columbia University):

Abstract: We use a parametric method to estimate the income distribution for 191 countries between 1970 and 2006. We estimate the World Distribution of Income and estimate poverty rates, poverty … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hollywood Media (HOLL) – Misunderstood and Oversold

Posted: 21 Mar 2011 06:01 AM PDT



Investment Thesis

Hollywood Media Corporation (NASDAQ:HOLL) owns and operates a number of business units related to the entertainment industry. Because the company has struggled to achieve profitability over the years, the management decided to call it quits by liquidating it and returning money to shareholders. The company had three main divisions: the Broadway Ticketing Division, the Ad Sales Division, and the Intellectual Properties Division. Recently, it sold the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 21 Mar 2011 06:00 AM PDT

03/21/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pound Trades Higher Ahead Of Key Week For Currency – Inflation, Minutes, Budget Speech On Tap

Posted: 21 Mar 2011 05:59 AM PDT

The pound is trading just above $1.62 against the dollar ahead of a key week for the currency.
Tuesday brings UK inflation data for February. Higher inflation has been painting the Bank of England into a corner as there are increasing calls for it to raise interest rates amid soaring inflation. However, the BoE sees an uneven and fragile recovery and does not want to choke growth with higher borrowing costs. The 2 main reasons cited by the BoE for the recent surge in inflation – higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Confirms Bullish Continuation And Targets 1.6450, 1.65

Posted: 21 Mar 2011 05:56 AM PDT

GBP/USD Targets 1.5830 in Swing Projection (3/16)
GBP/USD

- The GBP/USD in the 4H chart shows a bullish breakout from a range between 1.5980 and 1.62. The break is accompanied with RSI breaking above 60 and invalidating the bearish momentum. It threatens to breakout in a bullish momentum.
- Price action started the week with a throwback which was followed by bullish continuation, confirming the breakout.
- The pattern breakout projection targets 1.6420 area.
- The daily chart also shows the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Moves Through Bull Flag Resistance. Tests Daily Resistance

Posted: 21 Mar 2011 05:50 AM PDT

The 1.4180 level from the bull flag was broken on the hourly chart and now pair has trendline resistance on the daily chart and the high for the day to breach.  If the price can get above the 1.4190-94 area, the upside momentum should continue. 

 A break of these highs would have the market players eying the key 3 year trendline resistance for the EURUSD which comes in around the 1.4290 level.  I would expect that the bullish momentum will certainly be tested as the price … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests Resistance At 1.6289.

Posted: 21 Mar 2011 05:39 AM PDT

The GBPUSD is testing upside trendline resistance at the 1.6289 level in early NY trading. The price is the high for the day and the highest level the GBPUSD has traded since March 7th.  The price is also above the February high of 1.6276.  Intraday traders will be watching this level. If the price finds buyers it would give the bulls confidence for a continued momentum move to the upside. If the level gives way, the failure to take out the 1.6289 level would disappoint the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets Start The Week With Relative Calm, Risk Appetite Tentatively Returns

Posted: 21 Mar 2011 05:23 AM PDT

We start the new week with equities moving higher as there is a sense of risk appetite in global equity markets. That helped to further push up higher yielding "riskier" currencies linked to global growth like the Australian Dollar, which advanced back above the parity level against the US Dollar.

Markets are still fresh off the G-7 intervention in the Japanese Yen and there was no appetite for taking on the world's main central banks by market participants. The Yen weakened a bit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Eases Up To 3-day High As Risk Aversion Cools

Posted: 21 Mar 2011 05:03 AM PDT

Forex Pros – The euro eased up to a three-day high against the Swiss franc on Monday, as concerns over Japan's nuclear crisis eased, while the prospect of further intervention to curb the yen's gains also weighed on the safe haven franc.

EUR/CHF hit 1.2841 during European early afternoon trade, the pair's highest since March 16; the pair subsequently consolidated at 1.2829, rising 0.38%.

The pair was likely to find support at 1.2579, Friday's low and resistance at 1.2942, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PIMCO’s MINT Becomes First Active ETF To Cross $1 Billion

Posted: 21 Mar 2011 04:00 AM PDT

PIMCO's Enhanced Short Maturity Fund (MINT: 100.99 0.00%) became the very first actively-managed ETF to join the billion-dollar club last week, as its assets under management reached $1.18 billion, as of March 18th, 2011. This is quite a significant achievement as many had questioned not only the relevance the fund when it first launched in Nov 2009, but also that of the entire active ETF space. The billion-dollar club had only 145 ETFs, at the end of Feb 2011, which is about 12% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Yen Loses Ground Against Euro As Risk Appetite Sharpens

Posted: 21 Mar 2011 03:58 AM PDT

Forex Pros – The yen lost ground against the euro on Monday, as risk appetite staged a recovery and the threat of further intervention by the Group of Seven nations or Japan's Finance Ministry to weaken the currency weighed.

EUR/JPY hit 115.18 during European morning trade, the daily high; the pair subsequently consolidated at 115.07, gaining 0.71%.

The pair was likely to find support at 111.94, the low of March 15 and resistance at 115.98, the high of March 4 and a 10-month high.

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


Rockhopper Exploration Cheered By Results Of Sea Lion Exploration Well

Posted: 21 Mar 2011 12:48 AM PDT

Rockhopper (LON:RKH) , the oil and gas group working in the North Basin of the Falkland Islands, has delivered another successful appraisal well on its Sea Lion discovery area. The company said this morning that well 14/10-4, which was spud in February, had proved a thick, high quality reservoir package, a substantial oil column and recognition of the first oil-water contact in the licence to date. Rockhopper said it was now highly likely that the Sea Lion discovery would be commercially viable … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Investor Sentiment: Leading Price Lower

Posted: 20 Mar 2011 10:13 AM PDT

Extremes in investor sentiment were seen over 2 months ago while the high in prices was seen 5 weeks ago.  Often times, indicators of investor sentiment precede moves in the markets.  After all, the markets represent the collective opinions of its participants.  At present, investors are viewing the markets unfavorably, but their opinions are by no means extreme.  In the absence of bearish extremes in sentiment, I would expect equities to remain under selling … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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