Tuesday, March 15, 2011

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

Forex – GBP/JPY Up During The Asian Session

Posted: 15 Mar 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.

GBP/JPY was trading at 130.40, up 0.47% at time of writing.

The pair was likely to find support at 129.20, Tuesday's low, and resistance at 133.74, Friday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.03% to hit 1.6075 and EUR/GBP falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar On The Verge Of Failure

Posted: 15 Mar 2011 05:32 PM PDT

This is a weekly chart of the U.S. Dollar Index (DXYO) dating back to 2002. With horizontal lines I have identified the support breaks that lead to the conclusion of each of gold’s past 5 C waves (identified with a green arrow and its date). 

A couple of these breaks sent the dollar lower for 4 weeks, a couple sent the dollar lower for 6 weeks, and one for about 8 weeks.

Click on the chart to ENLARGE

Today we find the US Dollar on the precipice of another … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In Asian Trade

Posted: 15 Mar 2011 05:05 PM PDT

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

EUR/USD was trading at 1.3982, down 0.12% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4013, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8700 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade

Posted: 15 Mar 2011 04:15 PM PDT

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

USD/JPY was trading at 80.87, up 0.19% at time of writing.

The pair was likely to find support at 80.61, today's low, and resistance at 83.30, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.09% to hit 1.3986 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Windstream Raises Debt

Posted: 15 Mar 2011 04:05 PM PDT

Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, announced the maximum limit to purchase 8.625% senior notes, maturing in 2016.
The company will now purchase 8.625% senior notes of $1,100 million for cash as against the previously announced amount of $600 million. Accordingly, the company has proposed a new tender offer that comprises senior notes worth $500 million, maturing in 2021.
Previously on March 2, 2011, the company proposed a tender offer to sell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hologic Upgraded To Neutral

Posted: 15 Mar 2011 03:55 PM PDT

Recently, we upgraded Hologic (NASDAQ:HOLX) to Neutral with a target price of $22.00.
Hologic's four segments − Breast Health, Diagnostics, GYN (Gynecology) Surgical, and Skeletal Health − contributed 45%, 32%, 18% and 5%, respectively to the total revenue during the quarter. Barring Diagnostics revenue which declined 0.9% to $139.1 million during the quarter, the other three segments recorded a robust growth of 9.1% ($195.4 million), 5.9% ($75.7 million) and 4.3% ($22.4 million), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cousins Wins “Gulch” Project

Posted: 15 Mar 2011 03:55 PM PDT

Cousins Properties Inc. (NYSE:CUZ), a real estate investment trust (REIT), has recently left behind rival bidders in the race to successfully win the 'Gulch' project in Atlanta, Georgia. The Gulch is a 15.7-acre property site and represents the largest contiguous piece of land in downtown.
The Georgia Department of Transportation (DOT) has chosen Cousins ahead of local developers, such as Jacoby Development Inc. and H.J. Russell & Co., to carry out the project through a public-private … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rio Raises Stake In Riversdale

Posted: 15 Mar 2011 03:55 PM PDT

Global miner Rio Tinto Plc. (NYSE:RIO) announced that it has raised its stake in Australia-based Riversdale Mining Limited.
The company acquired approximately 19.82 million common shares, representing 8.37% of the total shares and increased the stake to about 26.13%.
Last week, Rio Tinto increased its offer price to A$16.50 from the previous price of A$16.00, for acquiring Riversdale Mining shares.
Management stated that the increased price will be applicable if Rio Tinto acquires more than 50% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

4G HTC Thunderbolt Heading To Verizon

Posted: 15 Mar 2011 03:55 PM PDT

03/15/11 The HTC Thunderbolt will be released on Verizon Wireless’ 4G LTE … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wendy’s/Arby’s Still Neutral

Posted: 15 Mar 2011 03:35 PM PDT

We are maintaining our long-term Neutral recommendation on Wendy's/Arby's Group Inc. (NYSE:WEN).
Wendy’s/Arby's Group has outlined a multi-year turnaround plan to improve restaurant operating margins, reinvigorate brands, revitalize comparable-store sales and expand internationally. 2011 is expected to be a transitional year for the company.
Management believes that Wendy's provides high growth opportunities with 6,500 restaurants in more than 20 countries. The company also remains firm in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Montpelier Estimates Losses

Posted: 15 Mar 2011 03:35 PM PDT

Montpelier Re Holdings Ltd. (NYSE:MRH) expects preliminary net loss to approximate $70 million, net of reinstatement premium, attributable to the earthquake in New Zealand in February 2011. The company also expects to incur a loss of $15 million from the January floods and Cyclone Yasi in Australia.
The company has forecast total insured market losses of roughly $12 billion resulting from the New Zealand earthquake.
During 2010, Montpelier incurred $135.9 million in net losses associated with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down In Asian Trade

Posted: 15 Mar 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7294, down 0.33% at time of writing.

The pair was likely to find support at 0.7266, today's low, and resistance at 0.7456, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.09% to hit 1.3552 and EUR/NZD rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Safety On The Cheap

Posted: 15 Mar 2011 03:27 PM PDT

Can we please agree that in the real world corporations exist for one purpose, and one purpose only — to make as much money as possible, which means cutting costs as much as possible?
The New York Times reports that G.E. marketed the Mark 1 boiling water reactors, used in TEPCO's Fukushima Daiichi plant, as cheaper to build than other reactors because they used a comparatively smaller and less expensive containment structure.
Yet American safety officials have long thought the smaller … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Housing Starts, PPI, Current Account, EIA Petroleum Inventories, UK Jobless Claims, Euro-zone CPI

Posted: 15 Mar 2011 10:20 AM PDT

03/15/11 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

Hot Option Plays: Market Near Critical Short-Term Levels

Posted: 15 Mar 2011 03:18 PM PDT

Cusick's Corner
The market attempted to finish at its best levels of the After Hours session, but intraday traders pulled the plug on the close, taking the market down to critical short-term levels, 1275 on the June S&Ps. While scalping was the name of the game, this environment is not one to start building a new position on either side. Manage what exposure you have coming into this week and get prepared for some more volatility with expiration upon us both for options and futures. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goodrich Concentrates On UK

Posted: 15 Mar 2011 03:10 PM PDT

With a strong focus on the UK, Goodrich Corporation (NYSE:GR) delivered technology to the Ministry of Defence to improve the geospatial intelligence sharing between UK and coalition forces.
Under ‘Project Attacker,’ Goodrich’s Intelligence Surveillance and Reconnaissance (ISR) Systems business, based in the UK, provides federated ISR data management systems to the deployed forces.  These systems provide the UK’s armed forces with enhanced capability to share ISR data across the theatre of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nasdaq To Bid For NYSE Euronext?

Posted: 15 Mar 2011 03:10 PM PDT

To put forth a stronger bid for NYSE Euronext Inc. (NYSE:NYX), NASDAQ OMX Inc. (NASDAQ:NDAQ) is reportedly seeking lenders to fund the possible bid, which has been already offered more than $9 billion from Deutsche Boerse, last month.
According to the sources, Nasdaq has decided to make an offer of about $5 billion in debt from lenders led by Bank of America Corporation (NYSE:BAC) and $5 billion in asset sales. Nasdaq has also involved IntercontinentalExchange Inc. (NYSE:ICE), which is planning to take NYSE … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Flowserve Wins Pumps Contract

Posted: 15 Mar 2011 03:05 PM PDT

Flowserve Corporation (NYSE:FLS) received an order for its process pumps to be used in the carbon dioxide (CO2) capture unit of Mississippi Power’s Kemper County integrated gasification combined cycle (IGCC) power station project. The Kemper County IGCC power plant has been planned to reduce the emission of CO2 in the atmosphere by detaining about 65% of the released gas. The collected CO2 will be sold to be utilized in the enhanced oil recovery (EOR) operations.
This is the first project in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMSC Makes Acquisition

Posted: 15 Mar 2011 03:05 PM PDT

American Superconductor Corporation (NASDAQ:AMSC) signed a definitive agreement to acquire Finnish power technologies company, The Switch Engineering Oy, for approximately $265 million. The transaction is expected to be completed by August 31, 2011.
American Superconductor expects the acquisition to be revenue accretive immediately and help it to cross the billion dollar mark in annual revenues. The Switch Engineering sells both power converter systems and permanent magnet generators to wind turbine … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: GE, NFLX, Japan

Posted: 15 Mar 2011 09:45 AM PDT

03/15/11 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

Hot Stock Movers To Watch On Wednesday, March 16

Posted: 15 Mar 2011 02:40 PM PDT

( click to enlarge )

Cleveland BioLabs, Inc. (NASDAQ:CBLI) has been on an amazing run higher over the past two day, breaking again to new highs during today’s session. At the present level the stock is incredibly extended. I’m  bullish on this stock but in situations like this, I prefer to wait for a pullback rather than chase the market. Technically, the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FirstEnergy Affirms Ohio Plant Sale

Posted: 15 Mar 2011 02:35 PM PDT

In tune with the memorandum of understanding signed in February 2011, FirstEnergy Corp. (NYSE:FE) has now signed an agreement with American Municipal Power Inc. to sell the Fremont Energy Center in Fremont, Ohio. 
FirstEnergy said it will receive about $485 million for the Fremont plant, which is under construction and currently has an output capacity of 685 megawatts (MW). The company expects the deal to close by July 1, 2011.
FirstEnergy said the consideration for the sale might increase by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BOPH: Initiated At Outperform

Posted: 15 Mar 2011 02:25 PM PDT

Grant Zeng, CFA
BOPH:  Initiating Coverage with Outperform Rating
We are initiating coverage of Bohai Pharmaceuticals Group Inc. (BOPH) with an Outperform rating. Our price target is $7.00 per share. Our call is based on the strong fundamentals of the Company.
Bohai is a well established specialty pharmaceutical company in China engaged in the production and commercialization of traditional Chinese medicine (TCM). The company is operating in a favorable environment for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gen’l Dynamics Gets IT Contract

Posted: 15 Mar 2011 02:25 PM PDT

General Dynamics Corporation (NYSE:GD) received an indefinite delivery, indefinite quantity, single task order contract worth $40 million under the Solutions for the Information Technology Enterprise program to support the Defense Intelligence Agency (DIA).
The contract entails 24×7 supervision of the enterprise service desk (ESD) at the US Army's Directorate for Information Management. The ESD constitutes of a call center and is responsible for managing mission essential services.
General … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grainger Marked Down To Neutral

Posted: 15 Mar 2011 02:05 PM PDT

W.W. Grainger, Inc.'s (NYSE:GWW) fiscal 2010 EPS improved 30% year over year and revenues climbed 15.4%; both outperforming the Zacks Consensus Estimates. However, Grainger's January sales growth of 10% was a disappointment compared with the 16% growth in December 2010 and also below the 11% growth in October, the lowest point in 2010.
Given moderating sales growth, the lack of any further benefit from oil spill cleanup products in 2011 and weakness in government end-markets, we downgraded our … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Life Tech Gets StemPro Clearance

Posted: 15 Mar 2011 02:05 PM PDT

Recently, Life Technologies (LIFE) received 510(k) clearance from the US Food and Drug Administration (FDA) for its StemPro mesenchymal stem cells (MSCs) SFM, a stem cell culture medium. Researches have shown that MSCs play a critical role in the study of regenerative medicine.
At present, several treatments with MSCs are in their initial phases. These potential treatments are being carried out to evaluate their response in heart tissue repair following a heart attack, lung tissue repair in … [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: 15 Mar 2011 01:55 PM PDT

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

EUR/USD was trading at 1.3999, up 0.05% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4013, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.62% to hit 0.8706 and EUR/JPY falling 1.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Not Hard To See

Posted: 15 Mar 2011 01:53 PM PDT

In recent years, American workers have received an ever-decreasing share of what our economy produces.

Is it any wonder that many Americans aren’t feeling so happy about the so-called recovery (assuming, of course, it’s more than just smoke and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HillTop Books Profit, Growth Dips

Posted: 15 Mar 2011 01:40 PM PDT

On March 11, Hilltop Holdings Inc. (NYSE:HTH) filed its 10-K to report results for 2010. For fourth quarter of 2010, net income attributed to common stockholders increased to $1.0 million or 2 cents per share from $0.6 million or 1 cent per share in the year-ago period. This, however, compared unfavourably with the Zacks Consensus Estimate earnings of 5 cents per share.
Results benefited from modest premiums growth and investment income that drove the top line. However, this growth was offset by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 15 Mar 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.

USD/JPY was trading at 80.71, down 1.12% at time of writing.

The pair was likely to find support at 80.61, today's low, and resistance at 83.30, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.05% to hit 1.4000 and GBP/USD falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Walmart To Expedite Shopping

Posted: 15 Mar 2011 01:35 PM PDT

Walmart Stores Inc. (NYSE:WMT) has made shopping easier for its customers. In an effort to make up for the low in-store traffic, the retail giant has decided to expand its online initiative through "Pick-Up-Today." New York Times reports that this program will enable its customers to shop online and save their time by doing away with the mad hunt at the company's football field sized stores.            
This facility allows … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japan’s Quake: World Auto Trembles?

Posted: 15 Mar 2011 01:35 PM PDT

The recent earthquake and tsunami in Japan that killed thousands and left many people homeless has become one of the additional factors that leads to economic disruptions besides the rising oil prices, inflationary pressure as well as repercussions from the global economic crisis in late 2008 and its slow recovery. The companies are shutting down plants due to their indeterminate damage, power shortages and inaccessible roads and ports.
The global automotive industry is bound to be affected by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australia To Drive Chevron Growth

Posted: 15 Mar 2011 01:35 PM PDT

At a meeting with financial analysts in New York, U.S. energy behemoth Chevron Corp. (NYSE:CVX) unveiled its business strategy. In particular, the company outlined plans to advance its upstream long-term growth on the back of huge natural gas projects in Australia, while continuing to restructure its downstream (refinery, marketing and transportation) operations that has been struggling with weak demand. Chevron will now focus on growth in Asia-Pacific markets and in its gas business.
The super … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eaton To Buy German Hydraulics Co.

Posted: 15 Mar 2011 01:35 PM PDT

Eaton Corporation (NYSE:ETN) said it will buy German filtration products maker Internormen Technology Group, to capitalize the markets for its hydraulics business.
Based in Altlussheim, Germany, Internormen Technology is a leader in hydraulic filtration and instrumentation for 40 years. The company has sales and distribution subsidiaries in emerging economies such as India, China and Brazil and in the United States. Internormen's revenue in 2010 was more than $55 million.
Eaton's management, … [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: 15 Mar 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3999, up 0.05% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4013, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8704 and EUR/JPY falling 1.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 1.15%

Posted: 15 Mar 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.15%, the S&P 500 index shed 1.12%, while the Nasdaq 100 index declined 1.36%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 2.51%; Germany's DAX shed 3.19%; Britain's FTSE 100 declined 1.38%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fed Keeps Fed Funds, QE2 Unchanged

Posted: 15 Mar 2011 01:06 PM PDT

As was universally expected, the Federal Reserve left the Fed Funds rate at a range of between 0.00% and 0.25%. The main focus is on the changes to the language of the policy statement. Below, I present the current and previous (1/26/11) policy statements on a paragraph-by-paragraph basis, and then comment/translate them after each paragraph.

“Information received since the Federal Open Market Committee met in January suggests that the economic recovery is on a firmer footing, and overall … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tsunami Raises Alarms At Manulife

Posted: 15 Mar 2011 12:55 PM PDT

Manulife Financial Corporation (NYSE:MFC) expects the impact of the property & casualty reinsurance claims associated with last week's earthquake and tsunami in Japan to remain within C$150 million after tax ($154 million).
Manulife, the leading life insurer in Canada, has significant insurance and wealth management business platforms in Asia. Japan insurance sales for full year 2010 were $563 million, which marked a 72% growth over 2009, with fourth quarter results more than doubling the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cymer Jumps On Competitor Woes

Posted: 15 Mar 2011 12:55 PM PDT

Amidst the gloom surrounding the severe earthquake and tsunami in Japan that saw most technology stocks plunging, Cymer Inc's (NASDAQ:CYMI) share prices increased 1.09% during the day and another 1.09% in after-hours trading yesterday.
Given that other equipment makers, such as KLA-Tencor (NASDAQ:KLAC) and Novellus Systems (NASDAQ:NVLS) saw share prices declining, in reflection of possible weakness in demand, it was apparent that sentiments on Cymer shares were being driven by other factors.
A closer look … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What We Learned From FOMC – Some Shift In Inflation Expectations, Removing “Extended Period”

Posted: 15 Mar 2011 12:48 PM PDT

The FOMC finished its interest rate meeting and held rates steady as expected. This follows up from our post earlier today previewing the FOMC rate decision.
The focus was on how the Fed assessed the economic recovery, what its saw in regards to inflation, and what clues today's statement had in regards to exit strategy.
A Shift in Inflation
The Fed shifted its view on inflation modestly in today's statement. While underlying inflation remains low, the Fed added extra concern about rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 15 Mar 2011 12:45 PM PDT

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

GBP/USD was trading at 1.6080, down 0.57% at time of writing.

The pair was likely to find support at 1.5978, Friday's low, and resistance at 1.6214, Thursday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.64% to hit 0.8707 and GBP/JPY falling 1.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eni: 2011-2014 Strategy Update

Posted: 15 Mar 2011 12:35 PM PDT

Integrated energy company Eni SpA (NYSE:E) revealed its 2011–2014 strategic plans to boost production, initiate a program to save costs and recover profitability in the refining and marketing (R&M) segments.
The company remains upbeat on its production growth target, expecting it to increase in excess of 3% annually in said period. This guidance is higher than 2.5% announced last year. Significant organic developments and contribution from key areas such as Iraq, Venezuela, Angola and Russia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ICE To Launch April Contracts

Posted: 15 Mar 2011 12:35 PM PDT

Yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 15 global over-the-counter (OTC) cleared oil products from April 4, 2011. Along with the products announced yesterday, ICE will now be offering over 405 OTC energy contracts, including more than 310 new cleared OTC contracts, since the launch of ICE Clear Europe in November 2008. 
Accordingly, ICE has scheduled to launch cleared OTC energy contracts in order to uphold its market holding. ICE remains aware of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For March 15, 2011 Special Alert TLT And TIP

Posted: 15 Mar 2011 12:22 PM PDT

We are removing from our watch list the iShares Barclays 20+ Year Treasury Bond Fund ETF (symbol: TLT) at $92.54 and the iShares Barclays TIPS Bond Fund ETF (symbol: TIP) at $109.34.  TLT and TIP returned 3.7% and 3.7%, respectively while on our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tsunami Hits TI Fabs In Japan

Posted: 15 Mar 2011 12:10 PM PDT

Leading analog chipmaker Texas Instruments Inc. (TXN, or "TI") reported that two of its fabs in Japan have been impacted by the Tsunami. Share prices had held relatively stable during the day, but dropped off 2.05% after hours when the company announced the damage.
The worst affected was TI's facility in Miho, Japan, which is located roughly 40 miles to the north west of Tokyo. Although the structure of the Miho building remains in tact, TI estimates that the fab's basic infrastructure … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In U.S. Trade

Posted: 15 Mar 2011 12:10 PM PDT

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

USD/CAD was trading at 0.9817, up 0.81% at time of writing.

The pair was likely to find support at 0.9684, Thursday's low, and resistance at 0.9974, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.10% to hit 1.4006 and GBP/USD falling 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southwestern Stays Neutral

Posted: 15 Mar 2011 12:05 PM PDT

We are maintaining our Neutral recommendation on Southwestern Energy Company (NYSE:SWN) with a target price of $40.
An independent energy company, Southwestern Energy is involved in theexploration, development and production of natural gas and crude oil in the United States. The company has two operating segments: Exploration and Production, and Midstream Services.
In the recently reported fourth quarter and full-year 2010 results, Southwestern Energy matched our expectations with quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JLL Takes Plunge Into Derivatives

Posted: 15 Mar 2011 12:05 PM PDT

LaSalle Investment Management Inc., the property-fund unit of Jones Lang LaSalle Incorporated (NYSE:JLL) — a leading real estate investment trust (REIT), has recently decided to launch a property derivative business in a concerted effort to revitalize the beleaguered sector.
The company will partner with BGC Partners, Inc. (NASDAQ:BGCP), one of the world’s leading inter-dealer brokers, to set up the business for its clients for the first time.
Property derivative business involves a traded swap … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 15 Mar 2011 11:45 AM PDT

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

EUR/USD was trading at 1.3977, down 0.11% at time of writing.

The pair was likely to find support at 1.3753, Friday's low, and resistance at 1.4003, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.45% to hit 0.8691 and EUR/JPY falling 1.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, March 15, 2011 Special Alert SH, PSQ, RWM

Posted: 15 Mar 2011 11:33 AM PDT

We are going to remove from our watch list the positions in the ProShares Short S&P Fund (symbol: SH), the ProShares Short QQQ Fund (symbol: PSQ), and Short Russell 2000 Fund (symbol: RWM) opened on February 7, 2011 and February 16, 2011 at the current intra-day prices.  Below is how these positions performed.  Each position made money while on the watch list.
 
(SH) added @ $41.70 on 2/7/11; removed @ $42.71 on 3/15/11; 2.4% gain
(PSQ) added … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Symmetry Revisted

Posted: 15 Mar 2011 10:23 AM PDT

You have a long list of fundamental reasons from which to choose when looking for an explanation of the 5.11% correction (so far) that began with the 2.0% decline on Monday, February 21. You can now add possible end of QE2, Middle-East political unrest and the Japanese earthquake, tsunami and nuclear disaster to those I list at the end of a January 11 post entitled “Pivot Points and Sell-Fulfilling Prophesies” which included.
The point of the piece was that, at the time (the S&P 500 closed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

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