Friday, March 4, 2011

DailyMarkets.com - Chase Sapphire Rolls Out Red Carpet For Cardmembers With Exclusive Access To Sundance Film Festival

DailyMarkets.com - Chase Sapphire Rolls Out Red Carpet For Cardmembers With Exclusive Access To Sundance Film Festival

Chase Sapphire Rolls Out Red Carpet For Cardmembers With Exclusive Access To Sundance Film Festival

Posted: 04 Mar 2011 07:35 AM PST

Most rewards credit cards let you redeem your reward points for merchandise, gift cards or cash, but only a handful truly has a rewards program that includes premium red-carpet entertainment and sporting events!

This year, Chase Sapphire, a no-fee rewards card issued by JPMorgan Chase (NYSE:JPM), had a red carpet surprise for its cardmembers. By being a sponsor of the Sundance Film Festival, Chase Sapphire cardmembers had a chance to walk the red carpet through Ultimate Rewards, Chase’s premier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY’sThrowback After Non-Farm Payroll

Posted: 04 Mar 2011 07:05 AM PST

USD/JPY
- Today's NFP release was positive, but perhaps the market already priced in the data, "buying the rumor", and is now "selling the fact".
- The USD/JPY has been building a base and did rally in an impulse wave manner from 81.60, breaking above a declining trendline and the SMA 200 in the 4H chart. The RSI reflects no more bearish momentum, but the bullish momentum is not there yet.
- Today's decline can be part of a corrective decline, which should be 3 waves if that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PLD Completes Bulk Of Catellus Sale

Posted: 04 Mar 2011 07:05 AM PST

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, has recently completed the majority of its asset sale to TPG Capital, a premier global private investment firm. Earlier, in late 2010, ProLogis entered into an agreement with TPG Capital to sell a portfolio of retail and mixed-use assets for approximately $505 million. The company currently received $353 million in proceeds from the transaction, including a retained preferred equity interest of $55 million.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nelnet Tops On Student Loan Sale

Posted: 04 Mar 2011 06:55 AM PST

Nelnet Inc. (NYSE:NNI) reported fourth quarter 2010 earnings of $1.66 per share compared with $1.64 per share in the year-ago quarter. The results surpassed the Zacks Consensus Estimate of $1.47 per share.
Quarterly results reflect pre-tax gains of $33.8 million, or 44 cents per share after-tax, on the sale of $2.1 billion of federal student loans to the Department of Education (DOE) as well as $16.1 million, or 21 cents per share after-tax, from its repurchase of $213.1 million of asset-backed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hercules Outpace Estimates

Posted: 04 Mar 2011 06:55 AM PST

Hercules Technology Growth Capital Inc.'s (NASDAQ:HTGC) fourth quarter 2010 distributable net operating income (DNOI) came in at 26 cents per share, marginally up from the Zacks Consensus Estimate of 22 cents. This compares favorably with the DNOI of 25 cents in the prior quarter, but missed the prior-year quarter's DNOI of 28 cents.
For the full year, DNOI was 91 cents per share substantially outpacing the Zacks Consensus Estimate of 80 cents but substantially lagging the prior period DNOI of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up On Economic Data

Posted: 04 Mar 2011 06:50 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

GBP/USD was trading at 1.6282, up 0.02% at time of writing.

The pair was likely to find support at 1.6073, Monday's low, and resistance at 1.6344, Wednesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 192.00K last month, from 63.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

While US Economy Adds 192K Jobs, It’s Not Enough To Give USD The Edge

Posted: 04 Mar 2011 06:41 AM PST

The US economy created 192K jobs in February, and the unemployment rate fell to 8.9%. January's non-farm payrolls were revised higher to show 63K jobs gained compared to the original 36K.
The market may have been expecting an even stronger reading (200K or more), and in its aftermath we saw a tug of war between the USD's bulls and bears, especially in the EUR/UDS pair.
Job Growth Spread Among Various Sectors
Taking a look deeper into the data we see that private payrolls rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD After The March NFP; Long Term Elliott Wave Counts

Posted: 04 Mar 2011 06:41 AM PST

EUR/USD
- The EUR/USD in the lower time-frames are subject to noise around today's  Non-Farm Payroll, which came out positive, but was mainly expected. However the 1.40 level remains an important resistance.
- On the downside, a bearish scenario can be considered below 1.37 to go to 1.3550. Below that 1.3420 area is the target.
- The upside remains as previously stated. Above 1.40, we are looking at 1.4280.
- The daily shows the 1.3980/1.40 area as 78.6% retracement and declining … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down In European Trading Hours

Posted: 04 Mar 2011 06:40 AM PST

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

GBP/JPY was trading at 134.13, down 0.06% at time of writing.

The pair was likely to find support at 131.29, Monday's low, and resistance at 135.21, today's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.05% to hit 1.6271 and EUR/GBP rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Credit Facility For Dollar

Posted: 04 Mar 2011 06:36 AM PST

To replace the credit facility in U.S. and Canada, Dollar Financial Corp (NASDAQ:DLLR) plans to go for a four-year global revolving credit facility of $200 million. The company might further expand the credit facility to $250 million.
Dollar Financial's new facility replaces the existing revolving credit facility in U.S. of $75.0 million and C$28.5 million facility in Canada; and is expected to mature on March 3, 2015.
Apart from this, Dollar Financial's credit facility may be utilized to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Apple, Big Lots, Coventry Health Care, H.J. Heinz Company, MetroPCS Communications, Teradata Corporation

Posted: 04 Mar 2011 06:36 AM PST

 H.J. Heinz Company (NYSE:HNZ) reported Q3 EPS of $0.85, ahead of the Zacks Consensus Estimate of $0.81 per share

 Big Lots Inc (NYSE:BIG) reported Q4 EPS of $1.46, above the Zacks Consensus Estimate of $1.37 per share

 Global news giant News Corp (NWSA) won approval from the U.K. government for its $12.7 billion bid to take full control of British Sky Broadcasting Group

 Stifel Nicolaus upgraded health insurer Coventry Health Care (NYSE:CVH) from hold to buy rating, saying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 04 Mar 2011 06:25 AM PST

03/04/11 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

Forex – NZD/USD Down On Economic Data

Posted: 04 Mar 2011 06:25 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

NZD/USD was trading at 0.7366, down 0.59% at time of writing.

The pair was likely to find support at 0.7339, today's low, and resistance at 0.7554, Monday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 192.00K last month, from 63.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 04 Mar 2011 06:20 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: 04 Mar 2011 06:20 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: 04 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: 04 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

Will Corn Ultimately Win The Battle For Acreage This Year?

Posted: 04 Mar 2011 06:19 AM PST

Today’s Idea
A look at the option chain for December Corn futures options will tell you that buying near the money options outright would be a very expensive proposition, as traders likely will not sell these options cheaply due to the huge amount of time to expiration and the potential for wide price swings in the futures that are likely as we move into the growing season. These factors may be the perfect scenario for some traders to want to explore the purchase of debit spreads in December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

YRC Worldwide Remains Neutral

Posted: 04 Mar 2011 06:10 AM PST

We reaffirm our long-term Neutral recommendation on YRC Worldwide Inc. (NASDAQ:YRCW), which signifies that the stock will perform almost in line with the broader market. YRC Worldwide outperforms the Zacks Consensus Estimates in the fourth quarter of 2010.I n the reported quarter, YRC Worldwide improved several financial and operating metrics. Consolidated operating expense was $1,118.4 million, down 2% year over year. Consolidated operating ratio in the reported quarter was 101.7% compared with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Bulls Choked At The Finish Line As Employment Boosts Dollar

Posted: 04 Mar 2011 06:09 AM PST

The last time the euro traded above $1.4000 was November 8, 2010. ECB President Trichet lit the blue-touch paper and appears to have set the stage to fuel a rally back above there in the coming days and weeks as investors buy into the rising yield theory. His signal that the ECB must remain vigilant against inflationary pressures and his warning that it should be no surprise if the central bank lifts rates at its next meeting continues to create demand for the single currency ahead of a key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AmBev’s Earnings Step Up

Posted: 04 Mar 2011 06:07 AM PST

Companhia de Bebidas das America (NYSE:ABV), the Brazilian beer giant reported, robust fourth-quarter 2010 earnings of R$0.85 per share, up 46.6% from prior-year quarters’ earnings of R$0.58. The growth was primarily attributable to increased volume, price increases and stronger profit margins.
For full fiscal 2010, the company’s earnings grew 36.5% to R$2.49 per share compared with the prior fiscal year’s R$1.88 per share.
Financial Details
Net sale for the quarter grew 10% to R$7,455.3 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Photo Of The Day

Posted: 04 Mar 2011 06:02 AM PST

The photo above was featured in today’s The Gartman Letter, and is also featured … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Starts To Fall A Touch, But Momentum Is Limited.

Posted: 04 Mar 2011 05:50 AM PST

The reaction to the NFP was somewhat confusing. The price fell, rallied to 1.4000 resistance level and is now modestly falling. The price fell back below the pennant formation support at the 1.3956 level but needs to get through the next support at the 1.3916-20 level to keep the bears (dollar bulls) satisfied.

The low for the day prior to the report was at 1.3948. A break below that level needs to attract selling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 04 Mar 2011 05:50 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.3960, down 0.06% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.4001, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 192.00K last month, from 63.00K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests 100 Day MA And Finds Support

Posted: 04 Mar 2011 05:42 AM PST

The USDJPY moved higher than lower after the Unemployment report. The pair has found support buyers against the 100 day MA at the 82.56 level. The level also corresponds to the trendline support on the hourly chart (see below).  Keep an eye on this key level.  A move below 82.50 would not be welcomed (high from yesterdays … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Non-farm Payrolls Rise More-than-expected

Posted: 04 Mar 2011 05:40 AM PST

Forex Pros – U.S. non-farm payrolls rose more-than-expected last month, official data showed on Friday.

In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 192.00K, from 63.00K in the preceding month whose figure was revised up from 36.00K.

Analysts had expected U.S. non-farm payrolls to rise 180.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Unemployment Rate Falls Unexpectedly

Posted: 04 Mar 2011 05:40 AM PST

Forex Pros – The rate of unemployment in the U.S. last month fell unexpectedly, official data showed on Friday.

In a report, the U.S. Department of Labor said the unemployment rate fell to a seasonally adjusted 8.90%, from 9.00% in the preceding month .

Analysts had expected the U.S. unemployment rate to rise to 9.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Boosts Telecom & Datacenter Tech

Posted: 04 Mar 2011 05:31 AM PST

General Electric Co. (NYSE:GE) with the completion of the acquisition of the privately-held Lineage Power Holdings Inc. from The Gores Group, LLC has broadened its expertise in telecommunication and datacenter power. Lineage Power is a worldwide provider of high-efficiency power conversion infrastructure technology and provides services for the telecommunications and datacenter industries.
The acquisition of Lineage Power provides an opportunity for GE Energy to employ its technology in power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Daily Outlook – March 4th, 2011

Posted: 04 Mar 2011 05:28 AM PST

The ECB meeting and more importantly the press conference that followed was the main event of the trading session. Trichet comments were very hawkish generating thoughts that a rate hike could be in the cards at next month's meeting. Euribor and Bunds fell immediately and the Euro soared against the dollar the Yen and the Pound. Although many observers have been critical of the July 2008 rate hike decision, Trichet has referred to it as an important decision, displaying his anti-inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leap Wireless Upgraded To Neutral

Posted: 04 Mar 2011 05:28 AM PST

We upgrade our recommendation on Leap Wireless International Inc. (NASDAQ:LEAP) to Neutral based on its current valuation. The stock price has fallen by more than 38% in the last one year and is trading at the low-end of its 52-week price range. We believe this low level of market valuation of the company is providing a downward cushion to the stock price. Leap Wireless declared mixed financial results for the fourth quarter of 2010.
Aftera gap of two consecutive quarters, Leap Wireless generated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leap Wireless Upgraded To Neutral

Posted: 04 Mar 2011 05:28 AM PST

We upgrade our recommendation on Leap Wireless International Inc. (NASDAQ:LEAP) to Neutral based on its current valuation. The stock price has fallen by more than 38% in the last one year and is trading at the low-end of its 52-week price range. We believe this low level of market valuation of the company is providing a downward cushion to the stock price. Leap Wireless declared mixed financial results for the fourth quarter of 2010.
Aftera gap of two consecutive quarters, Leap Wireless generated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In European Trade

Posted: 04 Mar 2011 05:25 AM PST

Forex Pros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2994, down 0.15% at time of writing.

The pair was likely to find support at 1.2727, Monday's low, and resistance at 1.3022, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.3961 and EUR/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

March 4, 2011 Forex Forecast

Posted: 04 Mar 2011 05:24 AM PST

EUR/USD
 
We finally had the sustained move above 1.38 yesterday that we were looking for. Also mentioned yesterday was the idea that the pair was heading towards 1.40 in a short manner. It fell only 21 pips short of that number on Thursday, and all signs look to be for Euro strength.
The chart looks like we will see some resistance at 1.40, and could even pullback to 1.38 for another attempt to break through that number. Any break below 1.38 would be a bearish sign, and could see a fall … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In European Trading Hours

Posted: 04 Mar 2011 05:00 AM PST

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

USD/CAD was trading at 0.9728, up 0.10% at time of writing.

The pair was likely to find support at 0.9684, Tuesday's low, and resistance at 0.9790, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3967 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Non-Farm Payroll In The Spotlight, Can This Be The Beginning Of The End For Ultra-Loose Fed?

Posted: 04 Mar 2011 04:57 AM PST

Currency markets were rather flat in anticipation for the February non-farm payroll report, though the EUR maintained its strong gains following the surprise statement from the ECB yesterday, in which the bank telegraphed an interest rate increase as early as April.
The news helps to solidify the Euro's position against the USD in terms of interest rate yield differentials.
The EUR/USD was setting up an an important level of resistance at the 1.3970 area.
Anticipation for the monthly US jobs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Outlook Mixed, Gold And Silver May Fall On US Jobs Report

Posted: 04 Mar 2011 04:14 AM PST

Commodities – Energy
Crude Oil Outlook Mixed Pre-NFP
WTI Crude Oil (NY Close): $101.91 // -$0.32 // -0.31%
Commentary: The outlook for crude oil looks clouded ahead of the all-important US jobs report. Consensus forecasts point to the largest increase in nonfarm employment in nine months (196K), a result that would be expected to drive growth-sensitive commodities higher on hopes for a firming demand outlook. Indeed, this seems all the more logical considering the US is the world's largest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The European Session

Posted: 04 Mar 2011 04:00 AM PST

Forex Pros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8577, down 0.06% at time of writing.

The pair was likely to find support at 0.8461, Tuesday's low, and resistance at 0.8600, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.02% to hit 1.3972 and EUR/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Indonesia Holds Benchmark Interest Rate At 6.75%

Posted: 04 Mar 2011 03:41 AM PST

Bank Indonesia retained its benchmark reference rate at 6.75%, marking a temporary pause in its monetary policy tightening. The Bank said “we are still targeting inflation of 5 percent, plus or minus one percent, and we expect core inflation to be at that range,”. The Bank also reiterated its position of a “monetary policy direction that is biased toward tightening as an effort to manage inflation pressure which remains high”. Indonesia experienced 7.02% inflation in January 2011 from a year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

My Thoughts On Wisconsin

Posted: 04 Mar 2011 03:36 AM PST

What is really going on in Wisconsin?
Are Wisconsin Governor Scott Walker and his Republican colleagues trying to 'break the unions'?
Are the 'Wisconsin 14′ senatorial contingent true patriots standing up for the rights of the working man?
Given the level of heated protest on the streets of Madison and on the airwaves throughout the nation, clearly people have strong opinions on both sides of this topic. What does it all mean?
While most politicos would like to debate the finer points … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/CHF Down In European Trade

Posted: 04 Mar 2011 03:30 AM PST

Forex Pros – The British Pound was lower against the Swiss Franc on Friday.

GBP/CHF was trading at 1.5105, down 0.40% at time of writing.

The pair was likely to find support at 1.4907, Monday's low, and resistance at 1.5204, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.001% to hit 1.6278 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 3.3.11

Posted: 03 Mar 2011 06:00 AM PST

The morning news notes as prepared by TL..initial jobless claims, effect of rising oil on airline profits, federal government remains open for business, Governor Brown of California working to close deficit of state budget, deep water drilling, Saudi Arabia, ATA truck tonnage index, and muni-bonds.

 

“Morning News Notes: March 3, 2011″

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