Thursday, March 3, 2011

DailyMarkets.com - Get Netflix Coupon For Netflix Free Trial Offer – March 2011

DailyMarkets.com - Get Netflix Coupon For Netflix Free Trial Offer – March 2011


Get Netflix Coupon For Netflix Free Trial Offer – March 2011

Posted: 03 Mar 2011 07:30 AM PST

Get a Netflix (NASDAQ:NFLX) free trial for one month with Netflix coupon right here. Netflix is a huge DVD rental company in the U.S., well-known for its value-for-money online subscription service. As a personal user of Netflix for over a year, I sometimes wonder what I’d do without it. Not only do you have the choice to receive DVDs by mail, you can also watch many great movies and TV series through their instant streaming. By offering a Netflix coupon which gives new customers a Netflix free … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lego Builds Strong Results For 2010

Posted: 03 Mar 2011 07:15 AM PST

03/03/11 Toy maker Lego says that its net profits in 2010 rose more than 65% from one year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. ISM Non-manufacturing PMI Rises In Line With Expectations

Posted: 03 Mar 2011 07:07 AM PST

Forex Pros – Service sector activity in the U.S. grew in line with expectations in February, expanding for the 15th consecutive month, industry data showed on Thursday.

In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index rose to 59.7 in February, after rising to 59.4 in January, broadly in line with expectations.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rush Lumbaugh Continues His Distortion And Demagoguery —…

Posted: 03 Mar 2011 07:00 AM PST

Rush Lumbaugh continues his distortion and demagoguery — emulated by the right-wing-nuts of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Gap Inc.

Posted: 03 Mar 2011 06:55 AM PST

On February 24, 2011, Gap Inc. (NYSE:GPS) reported fourth-quarter fiscal 2010 earnings per share of 60 cents per share that rose 17.6% from 51 cents in the year-ago quarter and beat the Zacks Consensus Estimate of 57 cents a share.
For fiscal 2010, the company reported earnings growth of 19% to reach $1.88 per share from $1.58 per share reported in fiscal 2009. Earnings also beat the Zacks Consensus Estimate of $1.86 per share.
Quarterly Review
During the quarter, net sales grew 3.0% to $4,364 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Unrelenting Comps At Hot Topic

Posted: 03 Mar 2011 06:55 AM PST

Hot Topic Inc. (NASDAQ:HOTT) reported a decline of 1.4% in same-store sales for the four weeks ended February 26, 2011. However, the drop in same-store sales narrowed marginally from a decline of 3.3% witnessed in the prior-year month and from a decline of 3.3% as of January 29, 2011.
This marked the 22nd consecutive month of negative same-store sales. The company had last registered same-store sales growth of 3.1% way back in April 2009.
Hot Topic recorded a 1.5% year-over-year drop in total sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Sharply Higher After Jobless Claims Drop; Dow Up 1.31%

Posted: 03 Mar 2011 06:53 AM PST

Forex Pros – U.S. stock markets posted sharp gains after the open on Thursday, after government data showed U.S. initial jobless claims dropped to a two-and-a-half-year low and as oil prices retreated.

During early U.S. trade, the Dow Jones Industrial Average jumped 1.31%, the S&P 500 index gained 1.32%, while the Nasdaq Composite index surged 1.49%. 

Earlier in the day, the U.S. Department of Labor said the number of people claiming initial jobless benefits in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ECB Stokes Rate Hike Expectation By Using “Strong Vigilance” Language

Posted: 03 Mar 2011 06:44 AM PST

ECB President Trichet set off a rally in the EUR/USD on his comments following the ECB interest rate meeting. He said that the ECB Council is now focused on the upside risk to inflation and the statement did did not say that current interest rates are appropriate, a break from what we have heard recently.
This follows up from our post in anticipation of Trichet.
The use of the term strong vigilance is associated with near-term interest rate increases and Trichet was peppered with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SINA Misses, Guides Higher

Posted: 03 Mar 2011 06:35 AM PST

SINA Corp. (SINA) reported fourth-quarter 2010 earnings of 41 cents per share, which missed the Zacks Consensus Estimate by a penny. Earnings exclude one-time items but include stock-based compensation. Higher investment write-down related to China Real Estate Information Corporation (CRIC) negatively impacted results.
However, SINA reported strong top-line growth with revenues and operating income increasing year over year in the quarter. SINA provided better-than-expected first quarter 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Apple, BJ’s Wholesale Club, Green Mountain Coffee Roasters, Joy Global, J P Morgan Chase & Co, McDermott International, Peet’s Coffee & Tea, Sina, TiVo, Texas Instruments Incorporated, Weatherford International, Xilinx, Yahoo!

Posted: 03 Mar 2011 06:35 AM PST

 According to Bloomberg, Weatherford (NYSE:WFT) filed to delay its 10-K because of weak internal controls over reporting for income taxes. The company reported errors in its tax accounting and will need to adjust previously reported results

 BJ's Wholesale Club (NYSE:BJ) reported Q4 EPS of $0.95, ex-items, ahead of the Zacks Consensus Estimate of $0.92 per share

 JPMorgan (NYSE:JPM) upgraded Texas Instruments (NYSE:TXN) saying an inventory correction was nearing its end and demand … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Briefly Erases Losses On Drop In Jobless Claims

Posted: 03 Mar 2011 06:34 AM PST

Forex Pros – The U.S. dollar briefly erased losses against its Canadian counterpart on Thursday, before falling back after a U.S. government report showed that U.S. jobless claims unexpectedly fell to a two-and a half-year low last week.

USD/CAD hit 0.9746 during European late afternoon trade, the daily high; the pair subsequently consolidated at 0.9729, dipping 0.03%.

The pair was likely to find support at 0.9707, Wednesday's low and resistance at 0.9788, the high of February 28.

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


Filtering The Noise In The Stock Market

Posted: 03 Mar 2011 06:27 AM PST

The outside market events are pressuring investor sentiment. The geopolitical issues in the Mideast to excess government spending in Washington have disturbed the balance and clarity for investors. Without clearly defined direction the market noise gets louder and louder. The result is uncertainty and a tug-o-war between buyer and sellers known as volatility. We, as investors, have to keep and maintain our discipline despite what is happening around us. Avoid stress, stay focused and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Closing In On 1.3980 Target After ECB Meeting

Posted: 03 Mar 2011 06:26 AM PST

EUR/USD Forms Positive Reversal; Swing Projection Targets 1.3890 (3/2)
EUR/USD

- After the ECB meeting today where Trichet's statements regarding inflation suggested a quicker rate hike, maybe even next month, the euro surged.
- The EUR/USD broke yesterday's high at 1.3890 and is now closing in on the 1.3980 target.
- This 1.3980 to 1.40 zone is 78.6% retracement and a declining trendline, so there is resistance here.
- We would probably need tomorrow's NFP before surging above 1.40 for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 03 Mar 2011 01:25 AM PST

03/03/11 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


Swiss Franc: Under Pressure

Posted: 03 Mar 2011 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Japanese Yen: Under Pressure

Posted: 03 Mar 2011 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


British Pound: The Downside Prevails

Posted: 03 Mar 2011 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro: Under Pressure

Posted: 03 Mar 2011 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


S&P In A Vulnerable Spot

Posted: 03 Mar 2011 06:18 AM PST

Today’s Idea
Stock market fundamentals have turned a bit sour on disappointing economic figures and uncertainty over the future of the Middle East. Without major earnings looming over the market, economic data will likely be nit-picked by traders. The chart shows the March E-mini S&P in a vulnerable position, and failure to hold the 1300 level could send the market lower. Given the erratic action of the market lately, some traders may wish to consider entering into a bear put spread by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What’s All This Talk About Oil Futures And Contango?

Posted: 03 Mar 2011 06:15 AM PST

No doubt you've seen many headlines about oil prices lately. Often they refer to oil "futures." What does that mean?

I'm not a futures trader. I'm not suggesting you become one, either. But to make wise decisions on exchange traded funds (ETFs), you need to know at least a little about the futures market's inner workings, especially in commodity-related ETFs.

Today I'll give you a brief explanation of how futures work, and one particular challenge called contango that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold And Silver Could Be Exhausted; Will Channels Hold?

Posted: 03 Mar 2011 06:09 AM PST

Gold and Silver Resume Bullish Momentum (3/1)
Gold (XAU/USD)

- The rally in gold has accelerated and established all time high at 1440.
- The market sees a bearish divergence, and there is a slight correction so far. This correction is supported by the 1418 pivot, just above the 50% retracement.
- If the market reaches 61.8%, we would be testing the rising channel support.
- Also of the RSI reaches the previous low and the market does not reach 1392 yet, we have a positive reversal. So, if … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Millicom Upgraded To Neutral

Posted: 03 Mar 2011 06:08 AM PST

We upgrade our recommendation on Millicom International Cellular S.A. (NASDAQ:MICC) to Neutral following its solid fourth-quarter 2010 financial results that beats the Zacks Consensus Estimates. Significant growth of 3G mobile and broadband services together with mobile VAS business in Central/South America and Africa will serve as fundamental business catalysts.
Millicom is upgrading its older TDMA and CDMA wireless networks to high-speed 3G wireless capabilities in Latin & Central America. So … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Zumiez Sales Zooms

Posted: 03 Mar 2011 06:08 AM PST

Zumiez Inc. (NASDAQ:ZUMZ), an action sports retailer in the United States, reported better-than-expected total net sales result for the four-week period ended February 26, 2011. Total net sales for the period increased 18.3% to $32.7 million compared with $27.6 million.
For the reported period, comparable store sales increased 12.8% compared with a rise of 11.2% in the prior-year period. The February results marked the fifteenth consecutive month of comparable store sales growth. In after hour … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Tower To Underperform

Posted: 03 Mar 2011 06:08 AM PST

We downgrade our recommendation on American Tower Corp. (NYSE:AMT) to Underperform based on its current valuation. The stock price has moved up by nearly 37.3% in the last one year and currently is at the high-end of its 52-week price range. With respect to several valuation metrics, the stock is also trading at significant higher multiple compared to the S&P 500 average and the industry average. We believe American Tower is overvalued at this stage. The company's fourth-quarter 2010 net … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Caution Ahead Of ECB Leaves Dollar Mixed

Posted: 03 Mar 2011 06:02 AM PST

The European Central Bank has already announced that it is leaving its benchmark interest rates unchanged on Thursday. The euro is now struggling to maintain any positive momentum as bulls have to sit through the next few hours waiting to hear whether its President Jean-Claude Trichet is set to take a tougher line on inflationary pressures around the region that are ahead of the Bank’s policy target. A sharp slowdown in China’s services sector last month has also lifted some of the market’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jobless Claims Fall To 2-1/2 Year Low

Posted: 03 Mar 2011 06:02 AM PST

CNBC — “New U.S. claims for unemployment benefits unexpectedly fell last week to touch their lowest level in more than 2-1/2 years, while nonfarm prouctivity rose as expected in the fourth quarter. The four-week moving average of unemployment claims—a better measure of underlying trends—dropped 12,750 to 388,500 last week, the lowest since July 2008 (see chart above).

Claims have now held below the 400,000 threshold for a second straight week. Claims below that level are widely viewed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed On Drop In Jobless Claims, Hawkish ECB

Posted: 03 Mar 2011 05:59 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, after a government report showed that U.S. jobless claims fell to a two-and a half-year low last week while a hawkish rate statement from the European Central Bank boosted the euro.

During European afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.55% to hit 1.3846.

Earlier in the day, the ECB left its official cash rate unchanged at 1.00% in line with expectations.

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


U.S. Initial Jobless Claims Drop Unexpectedly

Posted: 03 Mar 2011 05:41 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly, dropping to the lowest level since May 2008, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending February 26 dropped to a seasonally adjusted 368K, after falling to 388K in the preceding week, whose figure was revised down from 391K.

Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Non-farm Productivity Unchanged In Line With Expectations

Posted: 03 Mar 2011 05:38 AM PST

Forex Pros – U.S. non-farm productivity rose in line with expectations in the fourth quarter, unchanged from a preliminary estimate, official data showed on Thursday.

In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 2.6% in the fourth quarter, unchanged from a preliminary estimate.

The report showed unit labor costs fell in line with expectations, falling by a seasonally adjusted 0.6% in the fourth quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Focus Back On Middle East, Gold Prices Tracking Risk Trends

Posted: 03 Mar 2011 05:32 AM PST

Commodities – Energy
Crude Oil Focus Back on Middle East
WTI Crude Oil (NY Close): $101.73 // -$0.50 // -0.49%
Commentary: An increasingly close correlation with the VIX index of S&P 500 options volatility – investors' go-to "fear gauge – suggests the turmoil in the Middle East is likely to remain in focus for oil prices. Indeed, crude fell today despite growth-supportive US economic news (a better-than-expected ADP employment report and a cautiously upbeat Fed Beige Book regional … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PetSmart Outpaces Estimate

Posted: 03 Mar 2011 05:25 AM PST

PetSmart Inc. (NASDAQ:PETM), the specialty retailer of products, services, and solutions for pets, recently posted fourth-quarter 2010 earnings of 77 cents a share, up 26.2% from 61 cents in the year-ago quarter, outpacing the Zacks Consensus Estimate of 74 cents.
Management now expects fiscal 2011 earnings between $2.23 and $2.35 per share. The company also projects first-quarter 2011 earnings between 52 cents and 56 cents.
PetSmart delivered a top-line growth of 8.1% in the quarter to $1,520.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Central Bank Keeps Interest Rate At 1.00%

Posted: 03 Mar 2011 04:46 AM PST

Forex Pros – The European Central Bank kept its benchmark interest rate unchanged for the 22nd consecutive month in March, it announced on Thursday.

The ECB said it was maintaining the benchmark interest rate at 1.00%, in a widely expected move.

ECB president Jean-Claude Trichet was to comment on the decision at a press conference later in the day.

Following the announcement, the euro was down against the U.S. dollar, with EUR/USD slumping 0.07% to hit 1.3855.

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


FX Headlines: British Pound Under Pressure Amid Decline In U.K. PMI Services

Posted: 03 Mar 2011 04:45 AM PST

        
Fundamental Headlines•
Gadhafi Forces Bomb Rebel-Held Oil Town – Wall Street Journal
•Futures Higher Ahead of Economic Data – Wall Street Journal
•Gaddafi Forces Resume Attacks on East – Financial Times
•Trichet Faces Oil Shock That May Damp Growth, Fuel Inflation – Bloomberg
•Merkel Digs In on Bailout Terms as Discord Mars EU Crisis Talks – Bloomberg
GBPUSD: The British pound halted its three day advance on the back of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Titanium’s Profit Increases (revised)

Posted: 03 Mar 2011 04:35 AM PST

Net earnings of Titanium Metals Corporation (NYSE:TIE) exceeded to $23 3 million or 13 cents per share in the fourth quarter of 2010 from last year's $4.9 million or 3 cents. The robust growth in earnings came from lower raw materials costs, principally titanium sponge and scrap.

In fiscal 2010, net income came in at $80.6 million or 45 cents per share compared with $34.3 million or 19 cents per share in fiscal 2009.

However, quarterly revenues of $217.3 million increased 18.4% year over year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will ECB Pres Trichet Satisfy The Markets? ECB Meeting In The Spotlight

Posted: 03 Mar 2011 04:32 AM PST

Market Awaits Trichet
Today, the ECB decided on interest rates and kept rates at a record low of 1%. We now await the press conference with ECB President Trichet for further clues on ECB monetary policy.
The ECB is the first out of the gate to have a meeting since the recent spike in oil prices. Inflation has already been a hot topic before the previous ECB meeting as the annual inflation rate rose above the 2% target in December 2010. Inflation is currently running at 2.4%.
Of course in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Dips As ECB Rate Statement In Focus

Posted: 03 Mar 2011 04:27 AM PST

Forex Pros – The euro dipped against the U.S. dollar on Thursday, but remained close to a four-month high, supported by expectations the European Central Bank was set to pave the way for rate increases in the coming months.

EUR/USD hit 1.3834 during European early afternoon trade, a daily low; the pair subsequently consolidated at 1.3853, dipping 0.07%.

The pair was likely to find support at 1.3742, Wednesday's low and resistance at 1.3973, the high of November 9.

ECB head Jean-Claude … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Hits Daily Low After Weak U.K. Services PMI Data

Posted: 03 Mar 2011 04:06 AM PST

Forex Pros – The pound fell to a daily low against the U.S. dollar on Thursday, after weaker-than-expected data on the U.K. services sector dampened expectations for a near term rate hike by the Bank of England.

GBP/USD hit 1.6262 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.6268, shedding 0.34%.

Cable was likely to find short-term support at 1.6213, Wednesday's low and resistance at 1.6343, Wednesday's high and a 13-month high.

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


Forex – EUR/CHF At 2-day High As ECB Rate Statement Eyed

Posted: 03 Mar 2011 03:56 AM PST

Forex Pros – The euro rose to a two-day high against the Swiss franc on Thursday, boosted by expectations that the European Central Bank is set to pave the way for rate rises in the coming months.

EUR/CHF hit 1.2851 during European late morning trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.2840, gaining 0.28%.

The pair was likely to find support at 1.2754, Wednesday's low and resistance at 1.2957, the high of February 22.

ECB head Jean-Claude Trichet … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bill Gross: Who Will Ultimately Finance Uncle Sam And At What Rate?

Posted: 03 Mar 2011 03:47 AM PST

If Ben Bernanke had never stepped into the markets via the Fed's quantitative easing program, where would our level of interest rates currently be? What about equities, commodities, and our greenback? I think the following are easy assumptions to make:
1. Interest rates would be higher.
2. Credit spreads would be wider.
3. Equity markets would be lower.
4. Commodity prices would be lower.
5. The greenback theoretically would be higher but I am less confident of this.
What will happen to our … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Market Musings: Short Takes

Posted: 02 Mar 2011 07:01 AM PST

Short takes today.

Federal Reserve Chairman Ben Bernanke finishes his two day testimony in front of Congress and the one question I liked to see asked is: would you still consider QE2 a success if the equity markets were down 10% since you signaled your intent to purchase assets in August, 2010 as opposed to being up 30%?

I think we know what the answer would be?

Gold is at a new high.  If stocks were at new highs, commentators and analysts would be drawing all sorts of rosy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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