Wednesday, March 16, 2011

DailyMarkets.com - Capital One Venture vs VentureOne Rewards Credit Card

DailyMarkets.com - Capital One Venture vs VentureOne Rewards Credit Card

Capital One Venture vs VentureOne Rewards Credit Card

Posted: 16 Mar 2011 07:35 AM PDT

The Capital One Venture Rewards Credit Card and the Capital One VentureOne Rewards Credit Card are both credit cards designed for people who travel frequently and have many excellent benefits for frequent travelers.

The main difference between the two cards is that the Capital One Venture Rewards Credit Card gives you 2 miles for every dollar spent and has a $59 annual fee, while the Capital One VentureOne Credit Card gives you 1.25 miles for every dollar spent but has no annual fee. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/JPY Breaks Below Rising Channel; 111.00-111.30 Is A Support Cluster

Posted: 16 Mar 2011 07:07 AM PDT

The Euro is Resilient (3/12 Video)
EUR/JPY

- The EUR/JPY has broken below a rising channel, as well as a 200SMA in the 4H chart. More importantly the market showed a pullback, which confirms respect for the breakout, and moving average crossover. A break below 112.00 with the RSI dipping below 30 should confirm a bearish continuation.
-The count is likely an ABC correction is complete, and we are still stuck in a sideways channel that we see in the daily chart with 115.63 area as upper … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Card Default Plunges For 2 Banks

Posted: 16 Mar 2011 07:05 AM PDT

On Tuesday, in their regulatory filings, Bank of America Corporation (NYSE:BAC) and Capital One Financial Corp. (NYSE:COF) reported further drop in their respective credit card defaults for February 2011. As a result, both the companies continue to witness a healthy increase in payments from their credit card customers.
Card companies usually write off the loans that are 180 days past due and assume them as uncollectible. For BofA, net charges-offs (NCOs) on an annualized basis were down to 8.84% of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brown Shoe Misses Estimates

Posted: 16 Mar 2011 07:05 AM PDT

St. Louis, Missouri-based Brown Shoe Company, Inc (NYSE:BWS) recently posted fourth quarter 2010 adjusted earnings of 11 cents, missing the Zacks Consensus Estimate of 15 cents as well as the year-ago quarter earnings of 19 cents. The lower-than-expected results were attributed to the disappointing performance of wholesale division and margin contraction.
Footwear retailer and wholesaler, Brown Shoe reported that net sales in the quarter climbed 6.8% from the prior-year quarter to $604.5 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pause In Volatility As Markets Consolidate Recent Moves, EUR Unable To Breach $1.40 On Portugal Downgrade

Posted: 16 Mar 2011 06:56 AM PDT

Markets Take A Respite to Consolidate Recent Moves
There was some sembelence of calm in currency markets overnight as the strong volatility and swings we have seen in equities and currencies took a temporary respite. Shares in Japan rose by 5.66%, clawing back some of the steep losses it suffered on Tuesday when the Nikkei 225 finished down 11%.

http://www.marketwatch.com/investing/index/NI225?countrycode=JP

Stocks in Asia on the whole rebounded, but Japan is still marked by uncertainty, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed As Japan Nuclear Fears, Bahrain Hit Sentiment

Posted: 16 Mar 2011 06:44 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, amid ongoing worries about Japan's nuclear emergency and unrest in the Middle East and after a dismal U.S. government report on housing.

During European afternoon trade, the greenback was up against the yen, with USD/JPY rising 0.11% to hit 80.79.

Japanese authorities were attempting to contain the fallout from the stricken Fukushima Daiichi nuclear plant, in the wake of last week's earthquake and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR’s 3Q Surpasses Estimate

Posted: 16 Mar 2011 06:36 AM PDT

AARCorp. (NYSE:AIR) posted encouraging results for the third quarter of fiscal year 2011. The company's net income from continuing operations surged 74.3% to $18.3 million or 45 cents per share compared with $10.5 million or 28 cents per share earned in the prior-year quarter. Earnings per share also surpassed the Zacks Consensus Estimate of 42 cents per share.
Revenue
In the third quarter, consolidated sales were $451.0 million, up 50% from $300.8 million in the third quarter of 2009 due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR’s 3Q Surpasses Estimate

Posted: 16 Mar 2011 06:36 AM PDT

AARCorp. (NYSE:AIR) posted encouraging results for the third quarter of fiscal year 2011. The company's net income from continuing operations surged 74.3% to $18.3 million or 45 cents per share compared with $10.5 million or 28 cents per share earned in the prior-year quarter. Earnings per share also surpassed the Zacks Consensus Estimate of 42 cents per share.
Revenue
In the third quarter, consolidated sales were $451.0 million, up 50% from $300.8 million in the third quarter of 2009 due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple Delays IPad2 Launch In Japan

Posted: 16 Mar 2011 06:36 AM PDT

Apple Inc. (AAPL) is postponing the launch of iPad2 in Japan, following the earthquakes and tsunami that hit the north-eastern coast of Japan on March 11. The company has also been forced to close down a retail store in the quake-affected city of Sendai.
Apple had planned to release the tablet computer in Japan and 25 other countries on March 25. Apple did not set any new release date for Japan, but said that it will go ahead with the launch of iPad 2 in other countries like Germany, Belgium … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Brown Shoe Company, Cleveland BioLabs, General Electric Company, Goldman Sachs Group, Intel, Netflix, Toyota Motor, Yahoo!

Posted: 16 Mar 2011 06:36 AM PDT

 Toyota Motor (NYSE:TM) dealers in the U.S. are concerned about the tight supply of Prius hybrids and the auto maker's ability to produce them following Japan’s earthquake and tsunami

 General Electric Co. (NYSE:GE) dropped to $19.61 per share at the close given its combined nuclear ventures with Hitachi Ltd. of Japan

 Cleveland BioLabs Inc.'s (NASDAQ:CBLI) shares rose 5.79% to $8.40 on hopes that the Japanese nuclear crisis will increase demand for the company's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Targets 1.5830 In Bearish Swing Projection

Posted: 16 Mar 2011 06:26 AM PDT

GBP/USD in Sling Shot and Possible Zig Zag (3/15)
GBP/USD

- The GBP/USD's rally yesterday stopped short first at the 1.6125 pivot. There were some strong rejections at first, but another attempt at the moment it knocking on this resistance again.
- This is between 50 and 61.8% retracement of a previous swing, and and 1.6115 was 38.2% retracement of a larger swing.
- This RSI in both the 4H and 1H charts are still below 60 after having broken below 30, so that's a bearish sign.
-The swing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cheapest Houses In America/Detroit, Starting At $1

Posted: 16 Mar 2011 06:23 AM PDT

1. The 8 Cheapest Houses in America: “Today’s dilemma: A sandwich or a house. They both cost $7.” (Note: 5 of the 8 cheapest houses are in Michigan.)

2. Here are 32 homes in Detroit for $500 or less, including the one above for $1. 

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

Swiss Franc: Under Pressure

Posted: 16 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: 16 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: 16 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: 16 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

Tokyo Rebounds But Yen Stays Firm

Posted: 16 Mar 2011 06:17 AM PDT

The inevitable rebound in the Japanese stock market appears to be confined to the region and there are few other signs of lower risk aversion on Wednesday. What appears to be shaping up as a weaker start on Wall Street is accompanied by continued upwards pressure on the Japanese yen as domestic investors reach across the oceans to bring funds back home.
U.S. Dollar – The FOMC in its statement on Tuesday following the decision to leave interest rates unchanged was a little more upbeat about the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Hits 4-month Low After Dismal U.S. Housing Data

Posted: 16 Mar 2011 06:16 AM PDT

Forex Pros – The U.S. dollar extended losses against the yen on Wednesday, falling to a four-month low, after U.S. government data showed housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record.

USD/JPY hit 80.45 during European afternoon trade, the pair's lowest since November 2; the pair subsequently consolidated at 80.60, shedding 0.14%.

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

EUR/USD Remains In Congestion With 1.41 Swing Projection

Posted: 16 Mar 2011 06:13 AM PDT

EUR/USD Still in Congestion; Triangle and Wave Count (3/15)
EUR/USD

- The EUR/USD was bullish yesterday up until testing 1.40, where it paused. We are still in a triangle seen in the 4H chart, and another bearish swing can be anticipated to complete the congestion pattern.
- If we see a break below 1.39, we can see this completion of the triangle develop. Otherwise, the market is still attempting to knock out the 1.40 resistance.
- However, a close in the 4H chart above 1.40 with a relatively … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McGraw-Hill Announces New Alliance

Posted: 16 Mar 2011 06:08 AM PDT

McGraw-Hill Financial Communications, a business division of  McGraw-Hill Companies Inc. (NYSE:MHP) in partnership with Standard & Poor’s, recently announced an alliance with Advisor Websites, a leading operator in the financial services industry, providing professional and compliant websites entirely for the financial services industry.
The move was not at all surprising in this frequently sprouting and immensely competitive environment as the companies are looking for more refined ways … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avon’s Rating Downgraded

Posted: 16 Mar 2011 06:08 AM PDT

We have downgraded our long-term recommendation on Avon Products Inc. (NYSE:AVP) to ‘Underperform’ from ‘Neutral’ with a target price of $25.00 per share. Also, the company has a Zacks #5 Rank, implying a short-term ‘Strong Sell’ rating on the stock.
New York City based Avon Products directly sells cosmetics, fragrances, toiletries, jewelry, and accessories. The company markets to women around the world through 6.2 million independent sales representatives and is the world's largest direct … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Can NSN Complete The Motorola Deal?

Posted: 16 Mar 2011 06:08 AM PDT

According to a recent Bloomberg report, Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI), is in the process to restructure its proposed acquisition of the wireless infrastructure assets of Motorola Solutions Inc. (MSI). In July 2010, NSN entered into an agreement to purchase all of GSM, CDMA, and WCDMA technologies as well as next-generation (4G) WiMAX and LTE technologies of Motorola for a total consideration of $1.2 billion in cash. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Dollar, Yen Slip As Risk Aversion Fizzles Amid Cooling Worries About Japan’s Nuclear Situation

Posted: 16 Mar 2011 06:08 AM PDT

Fundamental Headlines
•Inflation Pressures Build on Surge in Energy, Food – CNBC
• Setback in Japan's Reactor Fight – WSJ
• Fed Leaves Policy Unchanged Amid Global Shocks – WSJ
• U.S. Housing Starts Fell in February to Lowest Since April 2009 – Bloomberg
• Bahrain Police Clear Protest Roundabout – Financial Times
USDJPY: The USD/JPY pair continues to remain the most puzzling trade over the past few days, as both good news and bad news alike have helped the Yen appreciate against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Futures Modestly Lower On Bahrain, Japan; Dow Sheds 0.09%

Posted: 16 Mar 2011 06:02 AM PDT

Forex Pros – U.S. stock futures pointed to a lower open on Wednesday, as market sentiment was dented amid escalating violence in Bahrain and as the Japanese nuclear crisis worsened.

Dow Jones Industrial Average futures indicated a loss of 0.09%, the S&P 500 futures pointed to a drop of 0.08%, while Nasdaq 100 futures implied a loss of 0.11%.

Earlier in the day, Bahraini security forces cracked down on anti-government protesters, clearing demonstrators from a central square that had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF – Wedge Breakout, Flag Pattern, All-time Low, 0.89 Target

Posted: 16 Mar 2011 05:51 AM PDT

USD/CHF Breaks Above Wedge Pattern, 0.9415 to be Tested (3/8)
USD/CHF

- The USD/CHF did not reach the 0.9415 pivot before completing a rising wedge as seen in the 4H chart. The RSI in this chart also dipped below 30, confirming the breakout with bearish momentum.
- The 1H chart shows the RSI mainly staying below 60, which reflects the short-term downtrend since March 9. It is not in a flag pattern. A 50% retracement brings the pair towards 0.9230. The market should respect the resistance zone … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Building Permits Decline Unexpectedly In February

Posted: 16 Mar 2011 05:39 AM PDT

Forex Pros – The number of building permits issued in the U.S. fell unexpectedly in February, official data showed on Wednesday.

In a report, the U.S. Census Bureau said the number of building permits issued in February fell by 8.2% to a seasonally adjusted 0.52 million, down from 0.56 million in January.

Analysts had expected building permits to rise to 0.57 million in February.

The report also said that U.S. housing starts fell more-than-expected in February, dropping by 22.5% to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bankruptcy Threat For YRC Worldwide

Posted: 16 Mar 2011 05:35 AM PDT

The struggling trucking company YRC Worldwide Inc. (NASDAQ:YRCW) is suffering from a serious bankruptcy threat. In its annual report that was filed last Monday, the company declared that it missed a restructuring milestone in the previous week. This may prompt the company's lenders to declare YRC Worldwide to be in default on its credit agreements. If this actually happens, management has no option but to seek protection under the U.S. Bankruptcy Code.
During the last two and half years, YRC … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. PPI Jumps More-than-expected In February

Posted: 16 Mar 2011 05:34 AM PDT

Forex Pros – Producer price inflation in the U.S. rose significantly more-than-expected in February, rising at the fastest pace since June 2009, official data showed on Wednesday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 1.6% in February, after rising by 0.8% in January.
 
Analysts had expected PPI to increase by 0.6% in February.

The report also showed that core PPI, which excludes food and energy costs, rose broadly in line with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up After Mixed U.K. Employment Data

Posted: 16 Mar 2011 05:29 AM PDT

Forex Pros – The pound held gains against the U.S. dollar on Wednesday, after a government report showing an unexpected fall in the number of Britons claiming unemployment benefit but an increase in the overall unemployment rate.

GBP/USD hit 1.6131 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.6106, rising 0.17%.

Cable was likely to find support at 1.5977, Tuesday's low and resistance at 1.6184, Tuesday's high.

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

Forex Trading: EURUSD Tests Intraday Resistance.

Posted: 16 Mar 2011 05:28 AM PDT

EURUSD tests resistance at th 1.3963 level. This is a key level for the pair.  Housing starts and PPI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Extends Losses On Bahrain, Japan Nuclear Crisis

Posted: 16 Mar 2011 04:08 AM PDT

Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, falling to a fresh daily low as clashes in Bahrain escalated and the Japanese nuclear crisis worsened.

EUR/USD hit 1.3927 during European late morning trade, the daily low; the pair subsequently consolidated at 1.3937, shedding 0.43%.

The pair was likely to find support at 1.3854, Tuesday's low and resistance at 1.4035, the high of March 7 and a four-month high.

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

Forex – EUR/GBP Extends Losses After U.K. Jobless Claims Fall

Posted: 16 Mar 2011 03:31 AM PDT

Forex Pros – The euro extended losses against the pound on Wednesday, after official data showed that the number of people in the U.K. claiming unemployment benefits fell in February, confounding expectations for an increase.

EUR/GBP hit 0.8662 during European morning trade, the daily low; the pair subsequently consolidated at 0.8678, shedding 0.31%.

The pair was likely to find support at 0.8624, Tuesday's low and short-term resistance at 0.8709, Tuesday's high and a four-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Decline On Portugal Downgrade; DAX Sheds 0.5%

Posted: 16 Mar 2011 03:31 AM PDT

Forex Pros – European stock markets erased early gains on Wednesday, as shares in the financial sector performed poorly after Moody's downgraded Portugal's bond ratings, while U.S. futures indexes pointed to a lower open on Wall Street.

During European morning trade, the EURO STOXX 50 slumped 1.05%, France's CAC 40 dropped 1.25%, while Germany’s DAX was down 0.5%.

Earlier in the day, ratings agency Moody's downgraded Portugal's long-term government bond ratings to A3, citing a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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