Tuesday, March 29, 2011

DailyMarkets.com - Citicards – Which Citi Credit Card To Get?

DailyMarkets.com - Citicards – Which Citi Credit Card To Get?

Citicards – Which Citi Credit Card To Get?

Posted: 29 Mar 2011 07:40 AM PDT

Citicards are one of the most popular credit cards, and they are issued by Citibank (NYSE:C), one of the Big Four banks in the US. Citi cards has a core collection of cards to suit your needs, whether you are looking for a Visa (NYSE:V) or MasterCard (NYSE:MA) with rewards, 0% APRs on balance transfers and purchases, or low long-term APRs. Compared to cards from Chase (NYSE:JPM), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC), I think Citicards are among the top-rated balance transfer cards.

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

TTEK In Indonesia Development Program

Posted: 29 Mar 2011 07:36 AM PDT

Tetra Tech Inc. (NASDAQ:TTEK) will be aiding the government of Indonesiain attaining its energy security and greenhouse gas emissions (GHG) reduction targets through a $16.2 million contract received from the U.S. Agency for International Development (USAID).
The contract is a part of 3.5-year program in Indonesia to increase large-scale geothermal power development and other renewable energy initiatives. The Indonesian Ministry of Energy and Mineral Resources is focused on extending energy supply … [visit site to read more] or compare Best Credit Cards and Best CD Rates

News Corp Advances To Vevo.com

Posted: 29 Mar 2011 07:35 AM PDT

According to Bloomberg, News Corp. (NWSA), a diversified global media company, advanced to Vevo.com, the online music website, for exploring the future prospects of MySpace, its social networking site.
The buzz is that News Corp. might swap MySpace for a stake in a new venture of Vevo.com. However, no consensus has been reached on the deal, as Vevo.com is one of the numerous possible buyers of MySpace.
News Corp. has acquired the Beverly Hills, California-based MySpace in 2005 for a price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Blue Notes

Posted: 29 Mar 2011 07:21 AM PDT

Today’s Idea
Note and Bond fundamentals have been lackluster at best. The eventuality of rate hikes over the long haul has kept prices from breaking out to the upside, while the Fed pumping money into the economy has buffered the downside. Technically, the chart hints at further sideways trading. Some traders may wish to consider entering into a bear call spread, like selling the May Note 122-00 calls and buying the 123-00 calls for a credit of 0-06, or $93.75. Also, some traders may wish to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Where To Next For Surging Aussie?

Posted: 29 Mar 2011 07:16 AM PDT

The Australian Dollar has been rallying strongly of late as investors look for higher yields in a world of low interest rates (US, Japan, Europe, UK). The rebound from the sharp drop in the AUD/USD following the Japanese earthquake and nuclear reactor situation, not only brought the pair back to the levels it was prior to the disaster, but we actually moved to a fresh record high in the pair to start this week trading.
The climb may have been a bit overdone, and with the US Dollar finding some … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, March 29, 2011 Special Alert CCJ

Posted: 29 Mar 2011 07:08 AM PDT

We are going to add intra-day to our watch list an additional position in Cameco Corp. (symbol: CCJ) at the current intra-day price of $29.05.  We now have two positions in our watch list for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CSN’s 4Q Falls Below Estimate

Posted: 29 Mar 2011 07:03 AM PDT

Companhia Siderurgica Nacional (NYSE:SID) or CSN's financial results for the fourth quarter 2010 were disappointing as its net income plunged 39% year over year as well as sequentially to R$450 million (US$266.3 million) or R$0.30 per share (18 cents per ADR). Earnings results also lagged behind the Zacks Consensus Estimate of 30 cents per ADR.
The fall in the net earnings was primarily due to an 11% increase in cost of sales and rise in net financial expenses that more than offset higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Prudential Reiterated At Neutral

Posted: 29 Mar 2011 07:03 AM PDT

We are reiterating our Neutral recommendation on the shares of Prudential Financial Inc.(NYSE:PRU).
Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Despite the recent drag on revenues (for the past couple of years) owing to the economic slump, the company has consistently increased its revenues over the past several quarters. A right mix of business and strong fundamentals … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mid-East Crisis To Cut HAL’s Profit

Posted: 29 Mar 2011 06:35 AM PDT

Global oilfield service provider, Halliburton (HAL) expects its first quarter 2011 results to be negatively influenced by the turbulences in the Middle East and North Africa and adverse weather conditions in North America and Australia.
Halliburton reported that the chaotic geopolitical situations in Middle East and North Africa, owing to the government sanctions in Libya, will reduce the first quarter earnings by 3 to 4 cents per share. In addition, the company expects the impact of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Windstream Completes Debt Issue

Posted: 29 Mar 2011 06:35 AM PDT

Fixed-line voice and DSL internet service provider, Windstream Corporation (NYSE:WIN) announced the successful completion of its previously announced private offering of 7.75% Senior Notes worth $450 million, expected to mature on October 1, 2021.
Earlier, the company had issued 7.50% senior notes worth $600 million due April 1, 2023. Windstream will utilize these amounts to buy back a total of 8.625% senior notes worth $1,100 million, due 2016.
Windstream had a highly leveraged balance sheet at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Netflix Partners With Paramount

Posted: 29 Mar 2011 06:35 AM PDT

Netflix Inc.(NASDAQ:NFLX) has entered into a multi-year licensing agreement with Paramount Pictures, a division of Viacom Inc. (NYSE:VIA) in Canada. The financial terms of the deal were not disclosed.
The deal will not only enable Netflix to expand in Canada but will also add to the long list of old and new movie titles from Paramount Pictures in its library. The deal is expected to provide a first hand experience of the movies produced under the Paramount banner to the Canadian subscribers of Netflix. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: American Superconductor, Blackrock World Investment Trust, CNinsure, Eastman Kodak Company, Fuqi International, Goodyear Tire & Rubber Company, Leap Wireless International, Rural/Metro Corporation

Posted: 29 Mar 2011 06:35 AM PDT

 The U.S. International Trade Commission said on Friday that it will review a patent decision that went against Kodak in January. Reacting to the news, shares of Eastman Kodak Co (NYSE:EK) rocketed 5.3% to $3.72

 Robert W. Baird & Co upgraded wireless carrier Leap Wireless International, Inc. (NASDAQ:LEAP) to "Outperform" from "Neutral" rating

 Rural/Metro Corporation (NASDAQ:RURL) said it would be acquired by private equity firm Warburg Pincus for $17.25 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: Safe Havens Continue Slide Against Commodity Currencies

Posted: 29 Mar 2011 06:31 AM PDT

Once again, the Swiss Franc and Japanese Yen were among the two biggest decliners intraday, as investors found renewed risk appetite,despite the fact that the funding currencies are typically viewed as safe havens against risky assets. Certainty appears to have begun to rise that the Bank of Japan would continue easing in order to weaken the Yen, to such a point that interventions would outperform repatriation speculation, which had sent the Yen higher in the days following the natural … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Toward Key 100 Day MA

Posted: 29 Mar 2011 06:24 AM PDT

The 100 day MA comes in at 82.60 in the USDJPY. This level should find profit taking sellers with stops on a move above the key level.
The price in the USDJPY has been below the level since March 11th, the day of the earthquake and tsunami.
Taking a look at the hourly chart for the pair, the price formed a bull flag for the pair and targets the 82.50 for the move. This too should give profit taking sellers another reason to take some gains in their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/JPY Breaks Out From Narrow Range To Test 132.50

Posted: 29 Mar 2011 06:20 AM PDT

GBP/JPY's Breakout Targets: 127.70 or 132.50 (3/29)
GBP/JPY

Short and Medium Term
- The GBP/JPY broke above a very narrow range roughly between 131.10 and 130.10. The break is above 131.10, and we mentioned yesterday that an upside break targets 132.50.
- The RSI confirms the break with a tag above 70. So in the near-term, as the rally is at 161.8% expansion, we might get some resistance especially as we test a previous pivot at 131.65.
- The 4H chart has a wave count to show an impulse … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 29 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: 29 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: 29 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: Capped By A Negative Trend Line

Posted: 29 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

Dollar Gains From Bullard’s European Crusade

Posted: 29 Mar 2011 06:14 AM PDT

It’s a little early to enjoy the European springtime but St. Louis Fed Chief James Bullard is making the most of it as he hops between destinations. At the weekend it was France and now it’s the Czech Republic as he served up another warning that the Fed can’t maintain its loose monetary stance indefinitely. His words have reminded investors that the savior of economic growth can just as easily be removed, which makes the dollar an alternative asset rather than serving as a whipping boy when … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cameron Expects Lower 1Q Earnings

Posted: 29 Mar 2011 06:10 AM PDT

Oil drilling equipment maker, Cameron International Corp. (CAM) announced that it expects to record total charge of approximately 17 cents per share in the first quarter of 2011, bruised by the turmoil in the Middle East.
Cost overruns associated with a subsea project delay in Nigeria is expected to adversely affect Cameron's first quarter results by 15 cents per share, while the forgone accounts receivable for work done in Libya, owing to the U.S. government regulations, will impose a charge … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple Sets WWDC Dates

Posted: 29 Mar 2011 06:05 AM PDT

Apple Inc. (AAPL) will host its annual developers meet "Worldwide Developers Conference" (WWDC) from June 6 to June 10 in San Francisco's Moscone Center. Apple is expected to unveil its new Macintosh operating system and iOS 5 at the event.
Earlier, Apple has used the Worldwide Developers Conference to preview its newest gadgets and software such as the iPhone 3GS and the iPhone 3G. In the June 2010 event, Apple introduced iPhone 4, and also showcased the details of its mobile operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 29 Mar 2011 06:00 AM PDT

03/29/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Consolidates In A Flag Pattern; 1.0415 Still In Sight

Posted: 29 Mar 2011 05:55 AM PDT

AUD/USD Completing Impulse Wave to Test Record High; 1.0415 is Target (3/25)
The Mighty Australian Dollar (3/26 Video)
AUD/USD

Short and Medium Term
- The AUD/USD has reached a fresh record high of 1.0315 and has since consolidated.
- The 1H chart shows the market resolving a bearish divergence. The 1.0190-1.02 zone can provide support for the current correction, which has formed a flag pattern. If there is a bounce in the US session, a break above 1.0270 suggests at least a retest of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Yen Comes Under Pressure Vs USD On Interest Rate Differentials

Posted: 29 Mar 2011 05:51 AM PDT

The USD/JPY rallied higher today, climbing to 82.20 in early NY trading, as we see yields in the US climbing higher, widening the spread between US and Japan, helping to widen interest rate differentials.
The US Dollar and Japanese Yen are very sensitive to this gap, especially in shorter term 2-year bonds.

The US is seeing its yields climb as traders sell bonds and buy equities which have been rallying strongly since their fall in the wake of the Japanese quake and the initial stages of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mid-East Crisis To Cut HAL’s Profit

Posted: 29 Mar 2011 05:35 AM PDT

Global oilfield service provider, Halliburton (HAL) expects its first quarter 2011 results to be negatively influenced by the turbulences in the Middle East and North Africa and adverse weather conditions in North America and Australia.
Halliburton reported that the chaotic geopolitical situations in Middle East and North Africa, owing to the government sanctions in Libya, will reduce the first quarter earnings by 3 to 4 cents per share. In addition, the company expects the impact of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cosi Narrows Loss On Growing Comps

Posted: 29 Mar 2011 05:25 AM PDT

Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, reported a loss of 5 cents per share in the fourth quarter of 2010 compared with the loss of 11 cents delivered in the prior-year quarter. The loss narrowed down due to positive comparable store sales growth and shrink in operating loss. In fiscal 2010, loss per share was 6 cents versus a loss of 27 cents a share in fiscal 2009.
Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, plunged … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY’s Break To The Upside Should See Throwback

Posted: 29 Mar 2011 05:19 AM PDT

USD/JPY Short-term Elliott Wave Scenarios (3/21)
USD/JPY

Short and Medium Term
- The USD/JPY has been in very narrow ranging action last week, but ended it with a bullish attempt. We started this week continuing this upside break, breaking above last week's high at 81.98.
- The 1H chart shows the  terminal wave in an impulse wave structure, suggesting a completion of a bull run since the intervention-induced rally and we should see a correction before further bullish attempts.
-The RSI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Gains After Bullard Says QE2 Could Be Cut

Posted: 29 Mar 2011 05:04 AM PDT

Forex Pros – The euro erased gains against the U.S. dollar on Tuesday, after St. Louis Federal Reserve President James Bullard said the Fed's asset purchase program could be cut given the strength of the U.S. economic recovery.

EUR/USD retreated from 1.4149, the daily high, to hit 1.4066 during European late morning trade, slipping 0.14%.

The pair was likely to find short-term support at 1.4019, Monday's low and a six-day low and resistance at 1.4247, the high of March 22 and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD To Retest 1.40 Pivot With Swing Projection Target At 1.3960

Posted: 29 Mar 2011 04:42 AM PDT

EUR/USD's Wave Count after Gartley at 61.8% Retracement (3/28)
EUR/USD

Short and Medium Term
- The EUR/USD pair is now in a 3rd swing down after breaking below a small rising channel, and retracing more than 61.8% of the rally we saw since the start of the week.
- The RSI failed to kiss tag 70, and is now threatening to break below 40, suggesting the bullish scenario is on hold as the market faces either a shakeout, or starts to be dominated by bears.
- A break and close below 1.4060 in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

An Irish Chink In The Euro’s Armor?

Posted: 29 Mar 2011 04:03 AM PDT

In the midst of my recent travels around Ireland I was asked the following question by an Irish businessman. "Larry, when investors purchase senior bonds issued by banks, don't they take risk?" I informed this friendly chap that based on how capitalism is supposed to work, that yes, these senior bondholders just like every other investor supposedly take risk when making an investment of this type.
My new friend then inquired as to how and why in Ireland's recent negotiations with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Extends Gains After Bullard Remarks

Posted: 29 Mar 2011 04:01 AM PDT

Forex Pros – The U.S. dollar extended gains against the Swiss franc on Tuesday, after St. Louis Federal Reserve President James Bullard said U.S. policymakers may not wait for global uncertainties to be resolved before they begin normalizing monetary policy.

USD/CHF hit 0.9198 during European morning trade, the daily high; the pair subsequently consolidated at 0.9196, gaining 0.31%.

The pair was likely to find support at 0.9073, last Thursday's low and resistance at 0.9233, Monday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Erases Gains As Portugal Debt Woes Weigh

Posted: 29 Mar 2011 03:36 AM PDT

Forex Pros – The pound erased losses against the euro on Tuesday, rebounding from a five-month low as yields on Portuguese government debt remained close to record highs.

EUR/GBP retreated from 0.8835, the pair's highest since October 26, to hit 0.8804 during European morning trade, dipping 0.03%.

The pair was likely to find support at 0.8759, Monday's low and resistance at 0.8835, the days high and a five-month high.

The euro's earlier gains came after European Central Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PSEi: Crucial Resistances Ahead

Posted: 29 Mar 2011 03:34 AM PDT

Troubles in the international market, particularly in the Middle East and Japan, have been weighing heavily on the Philippine equities market. Hence, you might ask when is it best to jump back in especially at these times of uncertainties.
The Philippine Stock Exchange Composite Index or PSEi has been trading within a descending channel since November last you. After peaking at 4,413.42 back in November 5, 2010, the index had steadily fallen to a low of 3,705.18 on February 28 this year. Notice … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Broadly Lower As Banks Slump; DAX Down 0.65%

Posted: 29 Mar 2011 03:21 AM PDT

Forex Pros – European stock markets were broadly lower on Tuesday, as shares in the financial sector led losses, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 dropped 0.7%, France's CAC 40 shed 0.55%, while Germany’s DAX 30 slumped 0.65%.

Shares in the financial sector performed poorly, dragged down by Italian banks. UBI Banca, the nation's fourth largest lender saw shares plunge 9.8% after it reported a fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Software Radio Technology Tracks Down New Contract Wins In China

Posted: 29 Mar 2011 01:00 AM PDT

Software Radio Technology (LON:SRT) , the company that makes maritime communications systems and tracking equipment, has received orders from two Chinese customers totalling US$300,000. The orders are important for SRT because they mark the latest steps in the company's efforts to make serious headway in the Chinese market, where regulators have implemented rules requiring an anticipated 550,000 vessels to be fitted with Automatic Identification System (AIS) devices by 2015. The Software … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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