Tuesday, March 8, 2011

DailyMarkets.com - Gold Beats Buffet’s Berkshire Hathaway

DailyMarkets.com - Gold Beats Buffet’s Berkshire Hathaway


Gold Beats Buffet’s Berkshire Hathaway

Posted: 08 Mar 2011 03:51 AM PST

Warren Buffet released his annual shareholder letter last week and also conducted what has become an annual interview on CNBC with Becky Quick.  During the interview they covered an array of topics including the economy, the U.S. government's fiscal situation, inflation, Berkshire Hathaway's (BRK.B) investments, and oil.  At one point during the interview Joe Kiernan asked Buffet about gold and commodities.  Kiernan said:

"…And there are periods where financial assets are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Daily Outlook March 7, 2011

Posted: 08 Mar 2011 12:57 AM PST

The debt crisis on the periphery has been placed on the back burner and ignored by markets participants recently. Fitch cut the outlook for Spain before the weekend, noting that the financial sector may need another 38 billion Euros and the euro bulls where unfazed.
Earlier today Moody's slashed Greece's rating by three notches to B1 and retained a negative outlook, citing difficulty collecting revenues and implementation risk. The rating agency said that the risks of default or distressed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sri Lanka Central Bank Holds Policy Rate At 7.00%

Posted: 08 Mar 2011 12:42 AM PST

The Central Bank of Sri Lanka held the repurchase rate at 7.00% and the reverse repurchase rate at 8.50% as inflationary pressures continued. Sri Lanka saw inflation of 7.8% year on year in February 2011, with annual average inflation at 6.1% in February vs 6.0% in January. Inflation has been driven up by a spike in food prices, in part due to floods affecting key food producing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eur/Usd Trading At 100 Hour M/a

Posted: 08 Mar 2011 12:41 AM PST

Eur/Usd is trading at its 100 hour m/a of 1.3927. A break below should bring the pair down to 1.3880, a level of previous hourly highs. If the pair holds a run back to 1.3960-70 is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Trex Company

Posted: 07 Mar 2011 11:05 PM PST

Trex Company (TREX) recently posted record sales levels that led to a sizable earnings surprise.
This Zacks #1 Rank (Strong Buy) is the top rated company in a great industry for this point in the business cycle.
Company Description
Trex Company makes wood-alternative decking and railing materials as well as outdoor furniture. Wood-alternatives are better for the environment and offer less maintenance than wood. The company’s products are in 5,500 retail locations throughout the world.
A … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: American Int'l Group (AIG)

Posted: 07 Mar 2011 11:05 PM PST

We are upgrading our recommendation on the shares of American Int’l Group (NYSE:AIG) to Outperform based on increased optimism about gaining capital flexibility. While asset disposals and repayment of a chunk of debt increase operating efficiencies, the execution of the recapitalization program also appears favorable for the book value growth.
AIG is poised to accentuate its operating and capital leverage on the back of a reviving economy, although non-recurring charges and weakness in Chartis are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Strayer Education (STRA)

Posted: 07 Mar 2011 11:05 PM PST

Although Strayer Education (NASDAQ:STRA) posted better-than-expected fourth-quarter 2010 results, enrollments continue to fall. We observe that the growth in enrollments has decelerated sequentially.
After increasing 11% in the third quarter of 2010, the rate of growth in campus-based students dropped to 4% in the fourth quarter. Moreover, the rate growth in online students falls to 10%, following an 18% increase in the previous quarter. The company also informed that new student enrollment dropped … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: MarketAccess Holdings Inc.

Posted: 07 Mar 2011 11:05 PM PST

Earnings estimates have been rising for MarketAccess Holdings Inc. (NASDAQ:MKTX) as the company has put together three consecutive positive earnings surprises.
Its latest earnings beat came in the fourth quarter in which commission revenue jumped 12.9% due to higher trading volume in high-grade corporate bonds. The company was also able to leverage its fixed expenses which led to a significant increase in its net profit margin.
The company also recently raised its quarterly dividend by 29%. It … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: TRW Automotive Holdings Corp.

Posted: 07 Mar 2011 11:05 PM PST

TRW Automotive Holdings Corp. (NYSE:TRW) continues to trade near its 52-week high on strong Q4 results from mid February that included a 40% earnings surprise. With an average earnings surprise of 79% over the last four quarters and rising estimates, this Zacks #1 rank stock has the right parts for momentum.
Company Description
TRW Auto Holdings Corp, together with its subsidiaries, designs and manufactures automotive systems and equipment to original manufacturers and after markets. The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up On Economic Data

Posted: 07 Mar 2011 11:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday after the release of Swiss data on Unemployment Rate.

USD/CHF was trading at 0.9316, up 0.53% at time of writing.

The pair was likely to find support at 0.9224, Friday's low, and resistance at 0.9329, Friday's high.

Earlier in the day, official data showed that The rate of unemployment in Switzerland fell to a seasonally adjusted 3.40% last month from 3.50% in the preceding month.

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


Forex – EUR/USD Up During The Asian Session

Posted: 07 Mar 2011 10:20 PM PST

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

EUR/USD was trading at 1.3980, up 0.07% at time of writing.

The pair was likely to find support at 1.3834, Thursday's low, and resistance at 1.4036, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8630 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up In Asian Trade

Posted: 07 Mar 2011 09:50 PM PST

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

GBP/USD was trading at 1.6205, up 0.02% at time of writing.

The pair was likely to find support at 1.6183, Monday's low, and resistance at 1.6341, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8628 and GBP/JPY rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Up In Asian Trading Hours

Posted: 07 Mar 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.

EUR/CHF was trading at 1.2962, up 0.13% at time of writing.

The pair was likely to find support at 1.2789, Thursday's low, and resistance at 1.3027, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.3988 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During Asian Trade

Posted: 07 Mar 2011 08:50 PM PST

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

USD/CHF was trading at 0.9266, down 0.01% at time of writing.

The pair was likely to find support at 0.9224, Friday's low, and resistance at 0.9329, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.3987 and USD/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Everything: A North Korean Restaurant

Posted: 07 Mar 2011 08:21 PM PST

From the current edition of Washington’s City Paper, “The Strange Odyssey of the DC’s Area’s First North Korean Restaurant: A Tale of Espionage and Sausage”:

“Sitting near the border of Alexandria and Fairfax County on Little River Turnpike—the restaurant-saturated main drag of Northern Virginia's Korean community—the restaurant doesn't tout its unlikely origins, at least not in English. Its only English-language sign, in the parking lot, features the name of the previous restaurant to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Up During The Asian Session

Posted: 07 Mar 2011 08:20 PM PST

Forex Pros – The Euro was higher against the British Pound on Tuesday.

EUR/GBP was trading at 0.8633, up 0.13% at time of writing.

The pair was likely to find support at 0.8479, Thursday's low, and resistance at 0.8635, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.12% to hit 1.3986 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Leasing Frenzy In Ohio For Shale Oil, Chesapeake Energy Spends $1B, Creating Instant Millionaires

Posted: 07 Mar 2011 07:42 PM PST

Could Ohio Be Next?

From today’s Wall Street Journal, “Shale Lifts Prospects in Ohio”:

Windham, Ohio — “An oil-rich underground layer of rock, called the Utica Shale, has sparked a leasing frenzy and the prospect of a new flow of cash and jobs to a development-starved corner of the Rust Belt.

Chesapeake Energy Corp. and other oil companies have swarmed this northeast Ohio hamlet and others nearby, buying mineral-rights leases to drill into what the company and some analysts say might be one … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During Asian Trade

Posted: 07 Mar 2011 07:40 PM PST

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

USD/JPY was trading at 82.27, up 0.03% at time of writing.

The pair was likely to find support at 81.73, Thursday's low, and resistance at 83.05, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.06% to hit 1.3979 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In Asian Trading Hours

Posted: 07 Mar 2011 07:10 PM PST

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

USD/CAD was trading at 0.9738, up 0.06% at time of writing.

The pair was likely to find support at 0.9700, Monday's low, and resistance at 0.9753, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.04% to hit 1.3976 and GBP/USD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During Asian Trade

Posted: 07 Mar 2011 06:30 PM PST

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

AUD/USD was trading at 1.0112, down 0.06% at time of writing.

The pair was likely to find support at 1.0076, Friday's low, and resistance at 1.0190, Thursday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3810 and AUD/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 07 Mar 2011 06:05 PM PST

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

EUR/USD was trading at 1.3962, down 0.06% at time of writing.

The pair was likely to find support at 1.3834, Thursday's low, and resistance at 1.4036, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8624 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Tuesday 08 March

Posted: 07 Mar 2011 05:56 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore market started on a flat note, with STI opened at 3063.58.
Watch Out For Economic News This Week:

Today 08/03/11: U.S IBD/TIPP Economic Optimism (Mar)

Thur 10/03/11: China Trade Balance (Feb), U.S Trade Balance (Jan)

Fri 11/03/11: China PPI & CPI (Feb), U.S Advance Retail Sales (Feb)

News Updates:

The Institute for Supply Management’s index of non- manufacturing businesses increased to 59.7 from 59.4 in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Down During Asian Trade

Posted: 07 Mar 2011 05:35 PM PST

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

EUR/JPY was trading at 114.88, down 0.01% at time of writing.

The pair was likely to find support at 113.10, Thursday's low, and resistance at 116.00, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.06% to hit 1.3962 and EUR/GBP rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


As Silver Continues To Soar, This Miner Is Just Beginning Its Monumental Move

Posted: 07 Mar 2011 05:26 PM PST

By John Townsend, The TSI Trader

Coeur D'alene Mines Corp (CDE:NYSE $34.70) is just beginning its monumental move. I believe we may see its share price double in the next 8 – 12 weeks.

This article will provide you with an update of silver's current parabolic move; detail the underpinnings of Coeur D'alene's incredibly strong fundamentals going forward into 2011, and expose the powerfully bullish technical outlook for its stock.


Click on the chart to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Monday, March 7, 2011

Posted: 07 Mar 2011 05:10 PM PST

The market action today indicated another day of selling even as stocks closed off their intra-day lows.  Under the hood today showed investors selling shares which has become the recent trend.  Market indexes were negative as well with the NYSE decliners leading advancers slightly over 3 to 1.   The Nasdaq Composite was the weakest index down 1.4%.  However, the Nasdaq was able to close above its 50-day moving average after falling below it … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Birth Of The People’s Party

Posted: 07 Mar 2011 05:09 PM PST

Look at the outrage in Madison, Wisconsin. Look at the crowds in DesMoines, Iowa. Look at the demonstrations in Indiana and Ohio and elswhere around America.
Hear what they're saying: Stop attacking unions. Stop making scapegoats out of public employees. Stop protecting the super-rich from paying their fair share of the taxes needed to keep our schools running.
Stop gutting the working middle class.
Are we finally seeing average Americans stand up and demand a fair shake in an economy now … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tunisia, Egypt, Libya…Pakistan?

Posted: 07 Mar 2011 12:40 AM PST

Tunisia, Egypt and now Libya. Now the markets are watching Yemen, Bahrain, Oman and Saudi Arabia for signs of emerging geopolitical risk.

Could the Davis Affair blow up the emerging markets risk trade?
Good investors know that one way to make money is to find a story on page 12 that eventually get on page 1. While I am concerned about the consequences of further unrest in the aforementioned countries, the page 12 story that I am watching is the potentially explosive nature of the Raymond … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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