Thursday, March 3, 2011

DailyMarkets.com - Forex – EUR/USD Down During The Asian Session

DailyMarkets.com - Forex – EUR/USD Down During The Asian Session


Forex – EUR/USD Down During The Asian Session

Posted: 03 Mar 2011 06:05 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3955, down 0.10% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8568 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Friday 04 March

Posted: 03 Mar 2011 05:46 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore shares rose following a rally on Wall Street overnight  boosted by a better-than-expected U.S. jobless claims report. STI up 29.77 points to open at 3068.12.
Oil prices has also retreated amid hopes that the Libyan crisis could be resolved.
News Updates:

The Institute for Supply Management’s index of non- manufacturing businesses increased to 59.7 from 59.4 in January.

European Central Bank holds rate at 1.00%, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Political Factors Affecting The Forex Market

Posted: 03 Mar 2011 05:45 PM PST

The Forex market is largely hinged on the value of the US dollar, as 90% of the trades on the Forex market include this currency. Investors and traders alike must be educated about the political factors affecting the US dollar, especially the factors that affect the strength of the US economy and the foreign debt growth.

1. Wars Abroad and Terrorist Fears At Home. Consumers are weary of spending when they are unsure of their own personal safety– they go into "survival mode" and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During Asian Trade

Posted: 03 Mar 2011 05:35 PM PST

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

EUR/JPY was trading at 114.95, down 0.19% at time of writing.

The pair was likely to find support at 111.97, Monday's low, and resistance at 115.17, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.11% to hit 1.3954 and EUR/GBP falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Next Generation Frozen Shipping

Posted: 03 Mar 2011 05:25 PM PST

Brian Marckx, CFA
We have initiated coverage of CryoPort, Inc. (CYRX) with an Outperform rating and price target of $3.85 per share.  See below for access to our full 20 page report on the company.  
 
      BUSINESS
CryopPort, Inc. has developed what it believes is a "game-changing solution to the challenge of shipping biological materials" which require a frozen condition.  CryoPort's offering includes CryoPort Express Shipper, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Next Generation Frozen Shipping

Posted: 03 Mar 2011 05:05 PM PST

Brian Marckx, CFA
We have initiated coverage of CryoPort, Inc. (CYRX) with an Outperform rating and price target of $3.85 per share.  See below for access to our full 20 page report on the company.  
 
      BUSINESS
CryopPort, Inc. has developed what it believes is a "game-changing solution to the challenge of shipping biological materials" which require a frozen condition.  CryoPort's offering includes CryoPort Express Shipper, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WTI Crude Oil Could Reach $110.00 Per Barrel

Posted: 03 Mar 2011 04:45 PM PST

The price of global crude oil once again reached $100.00 per barrel and has been trading in that area more roughly more than a week now. Will it continue to go higher? Let us see.
In my last post on WTI crude oil last February 1, 2011 (kindly see it here), it was only exchanging at around $92.84 per barrel. However, it was already trading within a right angled and broadening descending triangle formation therefore a breakout from such could swing it all the way to $100 dollar per barrel. Three … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The Asian Session

Posted: 03 Mar 2011 04:45 PM PST

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

GBP/JPY was trading at 134.05, down 0.12% at time of writing.

The pair was likely to find support at 131.29, Monday's low, and resistance at 134.21, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.6282 and EUR/GBP falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Macerich Gets Kierland Commons

Posted: 03 Mar 2011 03:55 PM PST

The Macerich Company (NYSE:MAC), a real estate investment trust and its joint venture partner Institutional Mall Investors, LLC (IMI) has acquired full ownership of Arizona based Kierland Commons from Woodbine Development Corporation based in Dallas and the Herberger Interests of Phoenix.
In January 2005, Macerich and IMI had each bought a 24.5% interest in Kierland Commons.  Following the current transaction, Macerich and IMI will own 50.0% each of the Arizona property. Macerich will pay … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Global Food Prices Rise To All Time High

Posted: 03 Mar 2011 03:55 PM PST

03/03/11 The UN’s Food and Agriculture Organization reported record high food prices in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: US Employment Report, Factory Orders

Posted: 03 Mar 2011 10:50 AM PST

03/03/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down In Asian Trade

Posted: 03 Mar 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7402, down 0.11% at time of writing.

The pair was likely to find support at 0.7384, Wednesday's low, and resistance at 0.7554, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.01% to hit 1.3693 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wisconsin Energy Sells Unit

Posted: 03 Mar 2011 03:35 PM PST

Energy utility, Wisconsin Energy Corporation (NYSE:WEC) has closed the sale of its 25% interest in Edgewater Generating Station Unit 5 in Sheboygan to Wisconsin Power and Light Company for $38 million.
This purchase will allow Wisconsin Power and Light Company, a business wing of Alliant Energy Corp. (NYSE:LNT), gain 100% ownership of the said unit and add another 95 megawatt (MW) of generation capacity to its portfolio.
Earlier, on May 4, 2010, Wisconsin Energy sold Edison Sault Electric Company, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Watsco-Cartier In Distribution JV

Posted: 03 Mar 2011 03:35 PM PST

Watsco Inc. (NYSE:WSO) has entered a 60:40 joint venture agreement with Carrier Corporation's northeastern distribution network. Carrier is a leader in high technology heating, air-conditioning and refrigeration solutions. It is a unit of United Technologies Corp. (NYSE:UTX), a leading global provider to the aerospace and building systems.
The joint venture will give Watsco access to Carrier's distribution network of 28 locations encompassing 11 states and Watsco in its turn will contribute its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Trade Ideas For Friday, March 04

Posted: 03 Mar 2011 03:32 PM PST

  ( click to enlarge )

My aggressive bullish play on Pfizer Inc. (NYSE:PFE) is now open. The stock broke to new highs and hit my entry point at $19.39. My first target is $19.99. The trend since last week was “buy on dips” and today’s move just confirms this fact.  From the technical chart MACD and RSI both signal positive strength. PFE could be a good stock for medium-term investment, based on its historical performance and from the technical indicators. Let’s keep an eye on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Clarence Thomas And The Politicization Of The Supreme Court

Posted: 03 Mar 2011 03:24 PM PST

Justice Clarence Thomas, in a speech last weekend to the Federalist Society, accused his critics of "undermining" the legitimacy of the Supreme Court – politicizing it in ways that jeopardize the Court's credibility in the eyes of the public. He warned:

You are going to be, unfortunately, the recipients of the fallout from that – that there's going to be a day when you need those institutions to be credible and to be fully functioning to protect your liberties. That could be either … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DPL Buys Chicago Retail Power Co.

Posted: 03 Mar 2011 03:05 PM PST

DPL Inc. (NYSE:DPL) has agreed to buy a Chicago-based retail power company MC Squared Energy Services LLC (mc2). The company said it will carry out the transaction through its retail electric subsidiary, DPL Energy Resources (DPLER), who will act as the buyer. 
DPL Energy Resources currently markets electricity to commercial and business customers in Ohio. As part of the transaction DPL will acquire over 2,000 customer accounts in northern Illinois, which are currently managed by MC … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CONSOL Energy Issues $250M Notes

Posted: 03 Mar 2011 03:05 PM PST

Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) sold $250 million 6.375% senior notes. The notes were issued in accordance with Rule 144A to institutional buyers and as per Regulation S guidelines to non-U.S. investors outside the United States.
The offering comprised only one series of notes due March 1, 2021, with the proceeds from the issue netting $245 million. The company plans to utilize the proceeds to repay its outstanding 7.875% senior notes due in March 1, 2012.
After repaying … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Abu Dhabi Deal For Foster Wheeler

Posted: 03 Mar 2011 03:05 PM PST

Foster Wheeler AG’s (NASDAQ:FWLT) Global Engineering and Construction Group has won a contract to perform an availability and reliability study for the expansion of the Zirku oil processing facilities in Abu Dhabi, UAE.
The value of the contract has been included in the company's fourth quarter 2010 results and has not been disclosed.
Foster Wheeler will undertake site surveys, suggest a range of potential expansion options and de-bottlenecking initiatives while performing availability and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mortgages – Does Risk Based Pricing Rule Mean I Will Pay More?

Posted: 03 Mar 2011 03:01 PM PST

"What's this new rule that will allow lenders to charge me more because my credit isn't perfect?  They call it Risk Based Pricing.  I don't like it."  Brandon was a little upset.  Was he justified?

"I hate to be the one to break it to you, Brandon, but charging you more because your credit is not perfect is not new.  They have been doing that right along.  The new rule doesn't address how much you pay for credit" said Billie.

"Why pass a new law or rule that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Xerox Makes UK Acquisition

Posted: 03 Mar 2011 02:35 PM PST

Xerox Corporation (NYSE:XRX) recently completed the acquisition of the UK-based Concept Group for an undisclosed sum. This is the second acquisition of the company since the beginning of the year following the acquisition of California-based WaterWare Internet Services in January.
Situated in Livingston, Scotland and founded in 1984, Concept Group is a renowned supplier of digital document imaging solutions and technical services to more than 3,000 customers spread across Aberdeen to London … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Next Generation Frozen Shipping

Posted: 03 Mar 2011 02:25 PM PST

Brian Marckx, CFA
We have initiated coverage of CryoPort, Inc. (CYRX) with an Outperform rating and price target of $3.85 per share.  See below for access to our full 20 page report on the company.  
 
      BUSINESS
CryopPort, Inc. has developed what it believes is a "game-changing solution to the challenge of shipping biological materials" which require a frozen condition.  CryoPort's offering includes CryoPort Express Shipper, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


HSBC Stalls Foreclosures

Posted: 03 Mar 2011 02:25 PM PST

In its annual report filed on Monday, HSBC Holdings PLC (NYSE:HBC) disclosed that it has suspended foreclosure process in U.S. The company had to take this action after the Federal Reserve and the Office of the Comptroller of the Currency (OCC) found problems with its foreclosure procedures.
HSBC stated that the regulators and the OCC found deficiencies in the procedures, preparation and signing of affidavits and other documents pertaining to the foreclosures. Further, the investigators took into … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Are Public School Teachers Overpaid? Only By 34%

Posted: 03 Mar 2011 02:20 PM PST

The data in the chart above are featured in this Reason.tv … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: This Is A Melting Up Market

Posted: 03 Mar 2011 02:18 PM PST

Cusick's Corner
Prices continue to melt up. The shorts never showed up into the After Hours at key resistance areas. This grind higher is also putting a lot of pressure on the shorts, specifically those who shorted Tuesday, which is yet another short-term catalyst to the upside. I have the S&P 1332 level, the high of this week as a potential resistance which could be a good spot for the bulls to potentially hedge, especially with job data and the weekend upon us. See you Midday.
Stocks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/CAD – Elliott Wave Count In The 4H And Daily Charts

Posted: 03 Mar 2011 02:06 PM PST

AUD/CAD
-  We start in the 4H chart of AUD/CAD where we are seeing a descending triangle, which has a slightly bearish suggestion.
- Also the RSI has tagged below 30, and failed to kiss 70, and if it is returning below 40, it should reflect a bearish attempt in the short-term.
- Looking at the structure, we see that on the left side, we have what looks like an impulse wave down, followed be a corrective structure up, which missed the previous top at 1.02, and instead capped at 1.0140.
- … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CB&I Wins Refinery Contract

Posted: 03 Mar 2011 02:05 PM PST

Chicago Bridge & Iron Company (NYSE:CBI) has won a contract of approximately $40 million from the Oman Refineries and Petrochemical Company for engineering design and project consultancy services for the Sohar Refinery Expansion Project in the Sultanate of Oman.
The project aims to augment the capacity of the existing Sohar Refinery from 116,000 to 187,000 barrels per day.
Chicago Bridge & Iron Company is a worldwide provider of fully integrated specialty engineering, procurement and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Alcoa Invests In Recycler

Posted: 03 Mar 2011 02:05 PM PST

Alcoa Inc. (NYSE:AA), the world's leading producer of aluminum has acquired a minority stake in Electronic Recyclers International (ERI), the largest U.S. recycler of electronics waste. Neither of the two companies disclosed the extent of the stake acquired in ERI.
The partnership is a part of Alcoa's efforts to boost the recycling of consumer electronics. Through this venture Alcoa intends to enter the re cycling market. On the other hand, ERI will also get requisite funds to expand its US … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Edison Refinances Wind Project

Posted: 03 Mar 2011 02:05 PM PST

Edison Mission Energy, a subsidiary of Edison International (NYSE:EIX), recently closed a $255 million debt refinancing, with a period of 10 years, for its Viento II wind energy portfolio. The refinancing package comprised a $227 million term loan facility and ancillary credit facilities of $28 million for debt service reserve, working capital and project letter of credit requirements.
The original financing for the portfolio was closed in 2009. The new transaction increased the overall financing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Timing Crude Oil Prices With 100% Accuracy

Posted: 03 Mar 2011 02:01 PM PST

Trading crude oil prices or oil etfs can be tricky. Or NOT! If you can find the dominant cycle and add a smart oscillator you can achieve good returns. Via our RTT Cycle Spectrum scanner we found that the daily 56 cycle period has been working well with the United States Oil ETF (USO), and add a few simple rules one can profit.

Confessions: In all honesty we do not trade the USO due to its poor correlation to the underlying commodity crude oil. But the following is a great example of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: KR, WEN, LCC

Posted: 03 Mar 2011 02:00 PM PST

03/03/11 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


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 03 Mar 2011 01:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3967, up 0.74% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.06% to hit 0.8582 and EUR/JPY rising 1.46% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gerdau Invests R$2.47B In Rio Mill

Posted: 03 Mar 2011 01:40 PM PST

To meet the growing demand for steel, Brazilian steel producer, Gerdau S.A. (NYSE:GGB) announced investments of approximately R$2.47 billion in the State of Rio de Janeiro. The expansion not only benefits Gerdau but also creates 550 direct and 3,000 indirect job opportunities in the state.
According to the investment plans, steel production capacity of Gerdau's Santa Cruz-based Cosigua mill will be expanded by 50% to 1.8 million tons per year.  In addition, a new wire rod and rebar rolling … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 03 Mar 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 82.43, up 0.70% at time of writing.

The pair was likely to find support at 81.58, Wednesday's low, and resistance at 82.52, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.74% to hit 1.3968 and GBP/USD falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cooper Tire Buys Chinese Plant

Posted: 03 Mar 2011 01:36 PM PST

Cooper Tire & Rubber Company (NYSE:CTB) has decided to fully own the China-based Cooper Kenda Tire ("CKT"), which will cease to have a 50-50 joint venture. In this regard, an agreement has been reached with the concerned parties and the deal is to be finalized by March 15, 2011.  The transaction will be worth $116.5 million.
CKT was formed in 2007 as a 50-50 joint venture between Ohio-based Cooper Tire and the Kenda Tire Company of Taiwan. Cooper Kenda is based in Kunshan, China and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Altera Reiterates Guidance

Posted: 03 Mar 2011 01:36 PM PST

Altera Corporation (NASDAQ:ALTR) recently reiterated its sales guidance for the first quarter of 2011. Altera continues to estimate a sequential decline of 1% to 5% in the first quarter. The decline in sales implies a sales guidance of $527.8 million – $549.9 million.
Management expects that the Industrial, Automation, Military and Automotive vertical market will be up sequentially driven by an increase in demand from military and automotive markets. Sales in other vertical markets are estimated to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Recession’s Over, Economy’s In Recovery: It’s Time For Some Gloom And Doom From Time Magazine

Posted: 03 Mar 2011 01:25 PM PST

One thing you can always count on at (or towards) the end of a recession? An “end of the world,” the “sky is falling,” “it’s never been this bad,” “gloom and doom” article in Time Magazine, here are 4 examples:  

1. “The Recession: Gloomy Holidays–and Worse Ahead” (December 1974):  “Some consumers are so alarmed that they are muttering about a return of the Great Depression of the 1930s.  Are even harder times coming? Probably. The recession still has some way to go, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 03 Mar 2011 01:25 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3964, up 0.71% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.05% to hit 0.8581 and EUR/JPY rising 1.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Close Higher; Dow Jones Up 1.59%

Posted: 03 Mar 2011 01:10 PM PST

Forex Pros – U.S. stocks were up after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.59%, the S&P 500 index gained 1.72%, while the Nasdaq 100 index climbed 1.93%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.66%; Germany's DAX gained 0.62%; Britain's FTSE 100 climbed 1.52%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Windstream Offers New Debt

Posted: 03 Mar 2011 12:55 PM PST

Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, announced a new tender offer to repurchase the previously announced 8.625% senior notes, maturing in 2016.   
The new tender comprises 7.50% senior notes worth $600 million that will mature on April 1, 2023.
Windstream's balance sheet remained distressed at the end of fiscal 2010, with a heavy debt, minimal cash balance and a leverage ratio of 3.66%. The company had roughly $7.2 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Greatbatch Upgraded To Neutral

Posted: 03 Mar 2011 12:55 PM PST

We upgrade our recommendation for Greatbatch Inc. (NYSE:GB) to Neutral following its mixed fourth-quarter fiscal 2010 results. Earnings for the quarter topped the Zacks Consensus Estimate on the heels of solid growth across the company's Vascular Access and Orthopedic franchises.
The New York-based company swung to profit in the fourth quarter, in part, attributable to a $9.5 million gain associated with the settlement of litigation on its Electrochem unit. Sales climbed 6% year over year, yet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rating Action On Assurant

Posted: 03 Mar 2011 12:55 PM PST

As a part of periodic review of Assurant Inc.'s (NYSE:AIZ) financial strength ratings, Moody's downgraded the outlook for the company's life and health insurance segments to "Negative” from “Stable.”
The deteriorated outlook reflects concerns over the restrictions imposed on Assurant Health and Assurant Employee Benefits by the Patient Protection and Affordable Care Act (PPACA), which President Obama had signed in March 2010.   
In 2010, Moody's lowered the financial strength … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down During The U.S. Session

Posted: 03 Mar 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.6278, down 0.30% 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.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 1.02% to hit 0.8579 and GBP/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earning Scorecard: DIRECTV

Posted: 03 Mar 2011 12:35 PM PST

DIRECTV (NASDAQ:DTV) reported excellent fourth quarter 2010 financial results, where both the earnings per share (EPS) and revenues exceeded the Zacks Consensus Estimate. The robust result was combined with a massive $6 billion share buy-back program. Management is also confident that the company's full-year EPS will jump to $5.0 in 2013 from $2.30 in 2010.
During the quarter, both the U.S and Latin American segment experienced huge growth in revenue supported by strong subscriber growth.
Fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Despite Some Shakes, AB InBev’s 4Q Results Pour Out Smooth

Posted: 03 Mar 2011 07:30 AM PST

03/03/11 Despite a drop in 4Q net profit, Anheuser-Busch InBev saw its dividend more than double on growing international … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Slow Grind Squeezes Shorts

Posted: 03 Mar 2011 12:18 PM PST

Cusick's Corner
Dollar weak, Oil stable (for now) and the rest of the world readying to fight inflation — the market is up across the board. The data both domestically and internationally is coming in better than expected, ramping up expectations of further upticks in employment and economic growth. So tides have changed in two days, and as I have said in the past, the trend is your friend and you do not want to fight this trend. Sentiment is clearly on the side of the bulls, Put/Call Ratio … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Top Factors That Affect The International Currency Exchange Rates

Posted: 03 Mar 2011 12:05 PM PST

The international currency exchange rates are largely affected by the behaviors of the governments in countries with highly traded currencies. Minding the economic and politically related environments will allow a trader to better understand how to rate currencies and also how to couple this fundamental analysis with technically analysis gathered from charts and data figures. The purpose of this article is to highlight the top factors that affect the international currency exchange … [visit site to read more] or compare Best Credit Cards and Best CD Rates


General Dynamics Hikes Dividend

Posted: 03 Mar 2011 12:05 PM PST

General Dynamics (NYSE:GD) has increased its quarterly dividend by 12%, bringing its annualized dividend rate to $1.88 per share from the previous payout rate of $1.68 per share. With this hike, the company has raised its dividend for 20 consecutive years.
General Dynamics said it will now pay a quarterly dividend of 47 cents per share to its shareholders compared with 42 cents paid earlier. The increased quarterly dividend will be paid on May 6, 2011, to shareholders of record as on April 8, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SEC Backs Rule To Resist Crisis

Posted: 03 Mar 2011 12:05 PM PST

On Wednesday, the Securities and Exchange Commission (SEC) took a few steps to reinforce the country's ability to combat economic crisis. The SEC proposed to curb bankers' pay and limit the reliance on the credit rating agencies. 
These two proposals, along with the new governance rules for clearinghouses, show SEC's efforts to implement various provisions of the Dodd-Frank Wall Street Reform Law, which was passed in July 2010.
Curb on Hefty Bonuses
Last month, the Federal Deposit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BJ’s Wholesale Tops Estimates

Posted: 03 Mar 2011 12:05 PM PST

BJ's Wholesale Club, Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted better-than-expected fourth-quarter 2010 results on the heels of a rise in traffic, membership renewals and increase in sales of perishable items, helping the company to gain market share. The company in 2011 will continue to focus on expanding its perishable business.
The quarterly earnings of 95 cents a share beat the Zacks Consensus Estimate of 92 cents, and rose 1.1% from 94 cents in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sector Watch: Cyclicals

Posted: 03 Mar 2011 12:05 PM PST

In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual Earnings Growth or P/E, it can be hard to get an overall picture of a given economic sector.

In these posts I will try to rectify that. Since there is a lot to write about in each sector, I will cover four sectors in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down In U.S. Trade

Posted: 03 Mar 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.

USD/CAD was trading at 0.9720, down 0.11% 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 down against the Euro and up against the British Pound, with EUR/USD gaining 0.69% to hit 1.3961 and GBP/USD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New CPA Outlook Index: Highest Level Since 2007

Posted: 03 Mar 2011 11:40 AM PST

Here’s a brand new economic indicator – The CPA Outlook Index – just introduced jointly by the American Institute of CPAs (AICPA) and the UNC Business School and featured in today’s WSJ.  From the report:
 
“This quarter the AICPA/UNC Kenan-Flagler Economic Outlook Survey introduces a new index – the CPA Outlook Index (CPAOI). The CPAOI is a broad-based composite index that captures the expectations that our members (CEOs, CFOs, Controllers, and other CPA executives) have about the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chart Of The Week – Oil Shocks

Posted: 02 Mar 2011 10:00 PM PST

The deteriorating situation in Libya and lingering fears that the uprising will spread to other countries sent oil prices above $100 per barrel on Tuesday. As of March 2, it appeared that 1 million barrels per day (roughly 62 percent of capacity) of Libyan oil production was shut down.
The turmoil has led many to compare today's events with those of the 1970s and 1980s when the price of oil quadrupled and American drivers waited in miles-long lines to receive their rationing of gasoline. In … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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