Wednesday, March 9, 2011

DailyMarkets.com - Debit Vs. Credit Cards: What You Need To Know

DailyMarkets.com - Debit Vs. Credit Cards: What You Need To Know


Debit Vs. Credit Cards: What You Need To Know

Posted: 09 Mar 2011 07:35 AM PST

These days, it’s not uncommon for debit and credit cards to be used interchangeably when making purchases. However, there are some differences between them. Let's start with debit cards.

A debit card is a card issued by a bank through which you can access the funds you have in your account without having to go to the bank or write a check in order to buy something. The way a debit card works is that you can either go to an ATM to withdraw the money from your account, or, when used as a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Brown-Forman Tops On Int’l Sales

Posted: 09 Mar 2011 07:05 AM PST

Brown-Forman Corp. (BF.B), a leading global producer and distributor of premium alcoholic beverages, recorded fiscal 2011 third-quarter earnings of $140.7 million or 96 cents a share, compared with $107.9 million or 73 cents a share in the year-ago quarter. Quarterly results outpaced the Zacks Consensus Estimate of 86 cents a share.
Quarterly Details
Brown-Forman's net sales recorded a growth of 12.0% to $962.4 million from $861.7 million in the prior-year quarter. The growth was primarily … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Wholesale Inventories Rise More-than-expected In January

Posted: 09 Mar 2011 07:05 AM PST

Forex Pros – U.S. wholesale inventories rose more-than-expected in January, official data showed on Wednesday.

In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.1% in January, after rising by 1.3% in December, whose figure was upwardly revised from 1.0%.

Analysts had expected U.S. wholesale inventories to rise by 1.0% in January.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.07% to hit 1.3916.

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


U.S. Stocks Decline After The Open; Dow Sheds 0.28%

Posted: 09 Mar 2011 07:01 AM PST

Forex Pros – U.S. stock markets were broadly lower after the open on Wednesday, as rising oil prices fuelled concerns over its impact on the global economic recovery. 

During early U.S. trade, the Dow Jones Industrial Average slumped 0.28%, the S&P 500 index dropped 0.48%, while the Nasdaq Composite index tumbled 0.84%. 

Oil prices erased losses to climb past USD105.50 a barrel after Iran's oil minister said that the Organization of the Petroleum Exporting Countries had no … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Retreats From Multi-year Low As Crude Oil Eases

Posted: 09 Mar 2011 06:50 AM PST

Forex Pros – The Canadian dollar trimmed gains against its U.S. counterpart on Wednesday, retreating from multi-year highs as the price of crude oil, the nation's largest export, eased.

USD/CAD retreated from 0.9668 the pair's lowest since mid-November 2007, to hit 0.9692 during European afternoon trade, shedding 0.21%.

The pair was likely to find short-tern support at 0.9668, the day's low and resistance at 0.9747, Tuesday's high.

Earlier in the day, crude futures for delivery in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


20 Surprising Jobs Women Are Taking Over

Posted: 09 Mar 2011 06:49 AM PST

From Forbes, this article starts off on a positive note:

“Women may be half of the workforce, but they have largely been concentrated in lower-paying service jobs like waitresses, retail workers and administrative assistants. However, they could be moving up.

Women are beginning to pour into management and professional occupations that require more education and offer higher pay and status. In fact, women are now dominating some of the jobs that used to belong to men, according to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Diamond Foods Beats On Bottom Line

Posted: 09 Mar 2011 06:36 AM PST

Diamond Foods Inc.’s (NASDAQ:DMND) second-quarter fiscal 2011 earnings of 91 cents robustly grew 89.6% from the prior-year quarters’ earnings of 48 cents, primarily driven by strong top-line growth and improved margins. Also, the second-quarter earnings surpassed the Zacks Consensus Estimate by 2 cents.
Revenue for the reported quarter was $257.6 million, up 39.9% from $184.2 million recorded in the year-ago quarter. Better-than-expected performance of retail brands and the acquisition of Kettle … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dick’s Upbeat Quarter, Tops Ests

Posted: 09 Mar 2011 06:36 AM PST

Dick’s Sporting Goods Inc. (NYSE:DKS), an authentic full-line sporting goods retailer, posted strong fourth quarter 2010 results, ended January 29, 2011, on the heels of higher sales and improved margins. Quarterly earnings climbed to 76 cents a share from the year-ago level of 56 cents and comfortably outpaced its earnings guidance in the range of 69 to 71 cents. Dick's also surpassed the Zacks Consensus Estimate of 72 cents.  On a GAAP basis, the company reported earnings per share of 71 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Citigroup, Caseys General Stores, Credit Suisse Group, Deutsche Bank AG, Expedia, Goldman Sachs Group, Hutchinson Technology Incorporated, Southwest Airlines Company, M.D.C. Holdings, Moneygram International, National Semiconductor, Pulte Homes, PNC Bank Corp.

Posted: 09 Mar 2011 06:36 AM PST

 Citi (NYSE:C) analyst Mark Mahaney upgraded online travel company Expedia (NASDAQ:EXPE) from "Hold" to "Buy "rating with a target price of  $29 per share

 Home builders Pulte Group (NYSE:PHM) reported an uptick in sales contracts. The company reported  seasonal pickup in traffic which increased 13% month-to-month

 Payment-service company MoneyGram International Inc. (NYSE:MGI) reported a recapitalization deal with affiliates of Thomas H. Lee Partners and of Goldman … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Breaks Below Another Descending Triangle, Again

Posted: 09 Mar 2011 06:22 AM PST

Post February NFP USD Outlook (3/4 Video)
USD/CAD

- The bearish outlook is reaffirmed with a break below 0.97. With this break we are also breaking below a descending triangle. In this 4H chart above, we also see the we just satisfied swing projections suggested by negative reversals (higher RSI high, lower price high). The 2 swing projection targets both pointed to 0.9670, and the market has tagged it.
- In the daily chart, you see why the title is being so repetitive, saying another, then … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 09 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: 09 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: Under Pressure

Posted: 09 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


Euro: Under Pressure

Posted: 09 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


ECB Checking Peripheral Bond Prices Weighs On Dollar

Posted: 09 Mar 2011 06:13 AM PST

The dollar has performed an about face and is sharply lower across the board with market sources trying eagerly to pinpoint the move. On Tuesday there were significant rumors that a report written by the well-connected Medley Advisors group for its private clients was behind a surge in the dollar. The notion that the FOMC might take a step towards the exit was enough to put the dollar back on an equal footing with the view that the Fed was thinking similar thoughts as other central bankers. And … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Black Markets In Everything: NYC Food-Cart Permits

Posted: 09 Mar 2011 06:09 AM PST

“New York City’s competitive street food culture has created a thriving black market for mobile food vending permits issued by the Department of Health and Mental Hygiene. The city charges a mere $200 for most food-cart permits, which must be paid every two years when they are renewed. But it only issues 3,100 year-round permits plus an additional 1,000 seasonal permits—not enough to satisfy demand. Transferring or renting these permits to another vendor is illegal but everyone, including the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New CFO For Kinross

Posted: 09 Mar 2011 06:07 AM PST

Paul H. Barry is expected to join Kinross Gold Corporation (NYSE:KGC) as Executive Vice-President and Chief Financial Officer, effective March 31, 2011. Mr. Barry replaces Thomas M. Boehlert, who played an important role in making Kinross one of the world’s fastest growing gold producers.
The company is presently in a good financial position. In the fourth quarter of 2010, Kinross's gold production increased 10% year over year to 676,635 ounces, mainly attributable to improved performance at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Honeywell Updates 1Q11 Expectation

Posted: 09 Mar 2011 06:07 AM PST

Honeywell International Inc. (NYSE:HON) expects its first-quarter 2011 sales and earnings per share to be at the high end of its earlier guidance range, benefiting from strength in the global economic recovery. Revenue for the quarter is expected to be approximately $8.7 billion, representing a year-over-year increase of about 12%. Earnings per share are expected to be approximately $0.80, representing an increase of about 23% year over year.
For full-year 2011, the company reiterated its earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Breaks Lower To Next Support. Watch 1.3908 Area On Retracement Now.

Posted: 09 Mar 2011 06:03 AM PST

The EURUSD broke through the 38.2% of the days range and found a new round of selling. The low has moved to test teh converged 100 and 200 bar MA on the 5 minute chart and is finding some intraday buyers (at 1.3893). The 1.3896 area is also some support against the underside of the trendline on the hourly chart (see chart below). 
A break below should trigger even more selling pressure. 

Watch now for resistance at the 1.3908 area to find sellers. If it does, I would expect another … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 09 Mar 2011 06:00 AM PST

03/09/11 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/JPY Is Topping But Has A Chance To Show Strength

Posted: 09 Mar 2011 05:55 AM PST

USD/JPY Should Rally Now if Bullish Count is Valid (3/7)
USD/JPY

- There was not enough strength in the USD/JPY to push above 83.00. The market is shoping some topping action after a bearish divergence. This is being resolved, and the RSI is now below 50.
- For the bullish scenario to remain, and a chance for the USD/JPY to show strength, the market should keep the RSI above 40, while keeping price above 83.37 pivot, and the 61.8% retracement level (83.30). This would also respect a rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests Days Fibo Retracement Level At 1.3911

Posted: 09 Mar 2011 05:46 AM PST

Forex – Dollar Broadly Lower Vs. Rivals As Oil Edges Higher

Posted: 09 Mar 2011 05:46 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as oil prices edged higher, fanning concerns over the impact of rising energy costs on global economic growth.

During European afternoon trade, the greenback was slightly lower against the euro, with EUR/USD easing up 0.07% to hit 1.3916.

Earlier in the day, Portugal's government debt agency successfully sold EUR1 billion of two-year bonds but at sharply higher yields than at a previous auction in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Rebounds As ECB Is In The Market For Greek, Portuguese Bonds

Posted: 09 Mar 2011 05:42 AM PST

We reported yesterday how European sovereign debt worries were again resurfacing, as risk indicators like yields on Portuguese debt rose to euro-era record highs, Greek debt was downgraded and its yields jumped, and credit default swaps also climbed.
Those developments caused the EUR/USD to slide in yesterday's session and has caught the eye of the ECB as a report came through the wires that the ECB was making inquiries about Irish and Greek bond prices, an admission that it is in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Franklin’s February AUM Improves

Posted: 09 Mar 2011 05:35 AM PST

Franklin Resources Inc. (NYSE:BEN) reported preliminary assets under management (AUM) of $693.7 billion by its subsidiaries for the end of February. Results were up 1.9% from $681.0 billion as of January 31, 2011 and 24.7% from $556.3 billion as of February 28, 2010.
At the end of the month, total equity assets were $304.0 billion, up 1.0% sequentially and 23.0% year over year. Of the total equity assets, roughly 73% were from international sources while the remaining 27% were from the U.S.
Total … [visit site to read more] or compare Best Credit Cards and Best CD Rates


J. C. Penney Reported Healthy Sales

Posted: 09 Mar 2011 05:35 AM PST

J. C. Penney Company Inc. (NYSE:JCP), one of the leading retailers, recently reported healthy sales results for the four-week period ended February 26, 2011. The company's comparable-store sales for February 2011 jumped 6.4%. Total sales also inched up 2.7% during the month to $1,214.0 million.
Fresh spring collection, outstanding customer service, convincing Valentine’s Day gift assortments for all ages, lifestyles, and budgets facilitated the company in generating strong results.
Further, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian NHPI Rises Less-than-expected In January

Posted: 09 Mar 2011 05:34 AM PST

Forex Pros – Canadian new house prices rose less-than-expected in January, official data showed on Wednesday.

In a report, Statistics Canada said its new housing price index rose by 0.2% in January, after rising by 0.1% in December.

Analysts had expected the new housing price index to rise by 0.4% in January.

According to the data, the top contributors to the NHPI monthly increase in January were Toronto and Oshawa, as well as Montreal.

The report said that year-on-year, the NHPI was up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD In A Pullback After Respecting Its Diagonal Triangle

Posted: 09 Mar 2011 05:23 AM PST

GBP/USD Confirms Bearish Breakout to Test Wedge Support (3/8)
GBP/USD

- The GBP/USD's decline has failed to reach the channel breakout projection shown in this 1H chart. It is respecting the support form a diagonal triangle, or wedge pattern seen in the 4H and daily charts below.
- The 1H RSI did not break below 30 neither, so the bearish scenario is on hold, as the RSI also rallied back above 60 as price action rebounded to test the channel.
- I am monitoring this 61.8% retracement area at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Hits 2-day High, Boosted By U.K. Trade Data

Posted: 09 Mar 2011 05:21 AM PST

Forex Pros – The pound was higher against the U.S. dollar on Wednesday, rising to a two-day high, boosted by better-than-expected U.K. trade data for January.

GBP/USD hit 1.6243 during European afternoon trade, the pair's highest since Monday; the pair subsequently consolidated at 1.6217, gaining 0.36%.

Cable was likely to find support at 1.6255, the low of February 28 and resistance at 1.6304, Friday's high.

Earlier in the day, the Office for National Statistics said Britain's goods … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Hits 2-day High On EBC Bond Buying Speculation

Posted: 09 Mar 2011 05:09 AM PST

Forex Pros – The euro climbed to a two-day high against the yen on Wednesday, amid speculation that the European Central Bank was preparing to buy Greek and Irish bonds, after yields on Portuguese bond soared to record highs.

EUR/JPY hit 115.25 in European afternoon trade, the pair's highest since Monday; the pair subsequently consolidated at 115.14, gaining 0.18%.

The pair was likely to find support at 114.54, Tuesday's low and resistance at 115.98, the high of March 4 and a 10-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD’s Short-term Wave Structure Suggests More Correction

Posted: 09 Mar 2011 05:00 AM PST

EUR/USD Completes Wave Equality and Tests Key Pivot at 1.39 (3/8)
EUR/USD

- The EUR/USD has declined as imagined in yesterday's post. The market was testing 1.39, and extended the second leg down towards 1.3860. Then after some consolidation the market reached 1.3850, 150% projection of the first downswing from 1.4040 to 1.3955.
- The market has rebounded from here. There are a couple of clues that the correction is not over. First of all, the structure of the decline has been an impulse … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Euro Halts Slide As German Industry Continues To Power Euro-zone Growth

Posted: 09 Mar 2011 04:45 AM PST

Fundamental Headlines
• Bond Yields Soar in Portugal as Euro Weakens – Bloomberg
• China Growth Plans to Slow Commodities – Financial Times
• As Oil Middles Outlook, Fed Policy Less Certain – Reuters
• S&P Warns on Asian Inflation – WSJ
• Gaddafi Threatens Armed Resistance Against No-Fly Zone – The Guardian
EURUSD: The Euro halted its two day slide in the overnight as data out of Germany showed that industrial production soared. Output increased by 12.5 percent in January on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Erases Losses After Portugal Debt Sale, German Data

Posted: 09 Mar 2011 03:56 AM PST

Forex Pros – The euro erased losses against the U.S. dollar on Wednesday, edging modestly higher after the Portuguese government successfully sold EUR1 billion of two-year bonds and a report showing that German industrial production accelerated.

EUR/USD clawed back up from 1.3856, the daily low, to hit 1.3930 during European early afternoon trade, rising 0.18%.

The pair was likely to find support at 1.3742, the low of March 3 and resistance at 1.3988, Tuesday's high.

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


Oil Forecast For March 9, 2011

Posted: 08 Mar 2011 11:34 PM PST

By CommoditiesMansion.com

 
Light Sweet Crude
The April 11 CL contract formed a shooting star on Monday signaling massive resistance at the $105 mark, and actually fell for a while on Tuesday that could have triggered sell orders. However, by the end of the trading on Tuesday, price had recovered quite a bit in NY trading, and we have formed a hammer that contradicts the Monday bar.
The day's trading finds us in a range between $130.50 and $105.50 a barrel. With a break above the top, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Gas Forecast For March 9, 2011

Posted: 08 Mar 2011 11:28 PM PST

By CommoditiesMansion.com

As we mentioned yesterday, there was a significant bullish day on Monday in the pits that stopped right at the massive former support area of 3.90 – an area that is supportive/resistive all of the way to the 4.00 mark.
On Tuesday, we saw a bit of a sell off as we closed down 6 cents, and it appears that the 3.90 level has proven itself to be resistance, and should keep prices down. Unless we see a clean break above $4.00, this market is heading lower, with its first … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Forecast For March 9, 2011

Posted: 08 Mar 2011 11:22 PM PST

By CommoditiesMansion.com

Gold had produced a shooting star on the front month contract two days ago, suggesting that we were bumping up against significant resistance at the $1,435 an ounce area. Tuesday's action fell sharply in the beginning of trading, only to recover in the afternoon. The metal finished lower by $4.60 an ounce.
The levels worth watching are the $1,437.50 area, which a break above could lead to a run back towards the highs at $1,445. The lower level at $1,425 should lead … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Dollar Index: Getting Very Specific On The Technicals

Posted: 08 Mar 2011 08:54 AM PST

In the article, “The Dollar Index: High Risk of Unraveling”, I presented a purely price based model that suggested that there is about a 33% chance of a significant downside move in the Dollar Index over the next 26 weeks.  However, a reader correctly noted that investor sentiment towards the Dollar Index is very bearish, and the reader wanted to know if this figures into the analysis and why wouldn’t I be bullish if everyone else is bearish.  Here are my thoughts.

Figure 1 is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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