Thursday, March 10, 2011

DailyMarkets.com - How To Get 100,000 Free Miles With Capital One Venture’s “Match My Miles”

DailyMarkets.com - How To Get 100,000 Free Miles With Capital One Venture’s “Match My Miles”


How To Get 100,000 Free Miles With Capital One Venture’s “Match My Miles”

Posted: 10 Mar 2011 07:35 AM PST

From now till May 13, 2011, Capital One (NYSE:COF) has a truly unbeatable offer for new sign-ups to its Capital One Venture Rewards Credit Card (even roping in Alec Baldwin for its ads!). In its new “Match My Miles” promotion, Capital One will match the number of miles you have on another airline credit card, up to 100,000 miles (that’s up to $1,000 in travel credit).

So for example, if you already have miles in your Delta (NYSE:DAL), United (UAL), American Airlines (NYSE:AMR) or Continental … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Solid Auction Boosts Treasuries

Posted: 10 Mar 2011 07:18 AM PST

Today’s Idea
Treasury market fundamentals will likely be influenced heavily by two intertwined factors: turmoil in the Middle East and possible US consumer spending habits. Technically, the T-Note chart does not show the market finding a trend, but the short-term direction may be higher. Some traders may wish to place a bull put spread, buying the April 10-year Note 116.50 puts and selling the 117.50 puts for a credit of 0-10, or $156.25. The maximum profit would be the initial credit and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong 3Q Earnings For Smithfield Foods

Posted: 10 Mar 2011 07:15 AM PST

03/10/11 The world’s biggest hog producer reported a strong quarterly net income on Thursday following an insurance claim and growing demand for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Maybe The Yardstick’s Deficient, NOT Growth

Posted: 10 Mar 2011 07:04 AM PST

Slate.com has an article titled “Why hasn’t the Internet helped the American economy grow as much as economists thought it would?” about Tyler Cowen’s e-book “The Great Stagnation.”  Here’s a really interesting point:

“Maybe it is not the growth that is deficient. Maybe it is the yardstick that is deficient. MIT professor Erik Brynjolfsson explains the idea using the example of the music industry. “Because you and I stopped buying CDs, the music industry has shrunk, according to revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD/CAD Signaling A Clear-out?

Posted: 10 Mar 2011 06:59 AM PST

USD/CAD Breaks Below Another Descending Triangle, Again! (3/9)
USD/CAD

- After the break below 0.97, we were waiting for a pullback. The pullback came as the RSI kissed 30, but developed a bullish divergence. Then a sharp rally followed which broke through the middle of the previous consolidation, and is threatening to test the 0.9780 high of the triangle, which is coincident with 38.2% retracement.
- Note the RSI is surging and should be breaking above 60 soon. This is a clue that the break … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Sharply Lower After The Open; Dow Jones Tumbles 1.55%

Posted: 10 Mar 2011 06:59 AM PST

Forex Pros – U.S. stock markets posted sharp losses after the open on Thursday, as market sentiment was dented after Moody's downgraded Spain's government-bond rating and following disappointing data from China and the U.S. 

During early U.S. trade, the Dow Jones Industrial Average dropped 1.55%, the S&P 500 index slumped 1.62%, while the Nasdaq Composite index tumbled 1.68%. 

Shares in the financial sector were broadly lower after Moody's downgraded Spain's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral: Amylin

Posted: 10 Mar 2011 06:55 AM PST

We recently reiterated our Neutral recommendation on Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN). The company reported a net loss of $0.94 per share in 2010, narrower than the Zacks Consensus Estimate of $1.26 and the year-ago loss of $1.20. Full year revenues came in at $668.8 million, down 11.8%. Despite a decline in revenues, Amylin posted better-than-expected results due to lower expenses.
We believe the company will continue controlling costs and have reduced our 2011 loss estimate by 22 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral: Altera Corporation

Posted: 10 Mar 2011 06:55 AM PST

We recently maintained our Neutral recommendation on Altera Corporation (NASDAQ:ALTR).
Earnings estimates for 2011 have moved higher, driven by better-than-expected results for the first quarter that beat our expectations by a penny.  
Fifteen out of the twenty seven analysts covering the stock have increased their estimates in the last thirty days while five analysts moved in the opposite direction.   Consequently, estimates for 2011 have increased by 6 cents in the last thirty … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What’s Really Going On At The SEC?

Posted: 10 Mar 2011 06:44 AM PST

How do you view the local cops on the beat within your hometown? I recall fondly looking up to the 'men in blue' as a young boy in Boston. The general admiration and respect for our law enforcement back then certainly did not mean that there were not improprieties occurring. We should not be that naive. That said, the institution of law enforcement itself definitely commanded respect. Can we say the same for those enforcing financial regulations today? Regrettably the record over the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US Dollar Shorts To Cover!

Posted: 10 Mar 2011 06:38 AM PST

Its possible all the bearishness built up within the US Dollar may get some release soon. Well to be more blunt hopefully in the next five days. The US Dollar chart is bullish. After re scanning, the 65 daily cycle we have been using the last couple of weeks has been pushed out to the 75 daily cycle, and it looks a better fit. Neatness counts when applying hurst cycles. We would like to see a up thrust with good volume to know someone else is of the same view point.

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


Silver Tests 35.00 With Positive Reversal Signal

Posted: 10 Mar 2011 06:36 AM PST

Stalking Gold and Silver Corrections (3/7)
Silver (XAG/USD)

- Silver in the 1H Chart is testing the 35.00 pivot. There is also a cluster of support here with 200SMA and 61.8% retracement.
- It could be noted that the correction decline has completed a pattern with symmetry.
- The bullish scenario looks good from here, except for the fact that the RSI broke below 30, signaling that the market is either sideways or bearish. We already know it has been sideways with a slight bearish bias, so … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Emerson Wins Contract

Posted: 10 Mar 2011 06:36 AM PST

Emerson Process Management, a business unit of Emerson Electric Company (NYSE:EMR) has received an approximately $17 million contract for its Ovation™ expert control technology from Westinghouse Electric Company. The technology will be employed at four new Westinghouse AP1000™ nuclear reactors in China.
The Ovation control system and earlier version of control systems of Emersonare being used in most of the existing Westinghouse nuclear reactors from a long time. As per the current contract, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral: Amylin

Posted: 10 Mar 2011 06:36 AM PST

We recently reiterated our Neutral recommendation on Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN). The company reported a net loss of $0.94 per share in 2010, narrower than the Zacks Consensus Estimate of $1.26 and the year-ago loss of $1.20. Full year revenues came in at $668.8 million, down 11.8%. Despite a decline in revenues, Amylin posted better-than-expected results due to lower expenses.
We believe the company will continue controlling costs and have reduced our 2011 loss estimate by 22 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: American Eagle Outfitters, Franklin Resources, Ceradyne, Finisar, Navistar International, Texas Instruments Incorporated, Walgreen Company, Zions Bancorporation

Posted: 10 Mar 2011 06:36 AM PST

 Navistar (NYSE:NAV) reported Q1 EPS of $0.16, ex-items, lower than the Zacks Consensus Estimate of $0.20 per share

 AeroVironment Inc (NASADQ:AVAV), a company which makes remote controlled planes for the military, reported a 76% rise in its quarterly profit

 Retailer American Eagle Outfitters (NYSE:AEO) said its Chief Executive Jim O'Donnell is retiring and also reported an increase in fourth-quarter profit

 Catalyst Health Solutions Inc (CHSI) announced its plans to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 10 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: 10 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: Under Pressure

Posted: 10 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: 10 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


Gold Breaks Bullish Rhythm And Momentum In The Short-term

Posted: 10 Mar 2011 06:17 AM PST

Gold- Gartley, Fibonnaci Retracement Levels, 1418 Pivot (3/9)
Gold (XAU/USD)

- Following up with yesterday's post, Gold indeed completed a Gartley or is about to . This is breaking the 78.6% retracement a bit.
- The rhythm of the bullish trend has been broken as the market breaks below the 200SMA.
- The momentum has also turned to neutral or bearish as the RSI tags 30.
- There was a 1418 pivot that the market cracked. But we do see some rejection against going lower.
- However, if this is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD Gains Amid Risk Aversion Factors – Spain Downgrade, China Trade Data

Posted: 10 Mar 2011 06:15 AM PST

 
After showing lots of promise amid inflation concerns and the prospect of an interest rate increase from the ECB, the EUR/USD pair has sold off this week after testing the area above $1.40 as sovereign debt fears have resurfaced.
The focus had been on Greece and Portugal as those countries yields begin to rally strongly again, and credit default swaps – insurance against a default on the government bonds – spiked as well.
In today's session we saw Moody's adding to the debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Hits 2-day High As Canada’s Trade Surplus Contracts

Posted: 10 Mar 2011 06:14 AM PST

Forex Pros – The U.S. dollar extended gains against its Canadian counterpart on Thursday, surging to a two-day high, after a government report showing that Canada's trade surplus contracted more-than-expected in January.

USD/CAD hit 0.9745 during European late afternoon trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.9737, gaining 0.54%.

The pair was likely to find support at 0.9667, Wednesday's low and a 40-month low and resistance at 0.9788, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Target’s Sales Rise

Posted: 10 Mar 2011 06:06 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted sales results for the four-week period ended February 26, 2011.
The company's comparable-store sales rose 1.8% for February 2011, following an increase of 1.7% in January 2011. However, the comparable-store sales remained below 2.4% growth witnessed in February 2010. Moreover, sales results for the month fell short of analysts' expectation.
The slight increase in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Polo Ralph To Outperform

Posted: 10 Mar 2011 06:06 AM PST

We have upgraded our long-term recommendation on Polo Ralph Lauren Corporation (NYSE:RL) to ‘Outperform’ from ‘Neutral’ with a price target of $139.00 per share. Also, the company has a Zacks #1 Rank, implying a short-term ‘Strong Buy’ rating on the stock.
Polo Ralph Lauren is one of the world’s leading designer, marketer and distributor of premium lifestyle products. The company possesses a strong portfolio of globally recognized brand names, such as Polo, Ralph Lauren Purple Label, Ralph Lauren … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 10 Mar 2011 01:00 AM PST

03/10/11 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


Ratings Downgrade For Spain Sinks Euro

Posted: 10 Mar 2011 05:59 AM PST

The euro has now officially stepped back behind the starting line drawn at the time of last week’s ECB meeting when President Trichet fired the monetary tightening starting pistol. A ratings downgrade for Spain today reminded investors that there is much unsettled business in the region and that to buy the euro on expectations over widening yield differentials could easily turn out to be a shot in the foot. While the ECB’s preordained rate increase was at first seen by some as a green light for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Torn Between China And Libya, Metals Drop On US Dollar Rebound

Posted: 10 Mar 2011 05:59 AM PST

Commodities – Energy
Crude Torn Between Libya, China
WTI Crude Oil (NY Close): $104.38 // -$0.64 // -0.61%
Commentary: Crude oil is treading water as traders resolve conflicting supply- and demand-side cues that have emerged over the past 24 hours. On the supply side, turmoil in Libya continues to pressure prices higher amid escalating violence in Libya, with government forces launching a fresh round of air and artillery strikes as well as offering a $407,000 reward to anyone who arrests the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/GBP Hints At Bullish Continuation To 0.8635, 0.8670

Posted: 10 Mar 2011 05:48 AM PST

A Look at the Euro as Debt Concerns Resurface (3/9 Video)
EUR/GBP

- The 4H chart shows the EUR/GBP testing a rising support and respecting it at the moment. Also, note this was almost 61.8% retracement of the most recent upswing. The RSI remains above 40 so the bullish momentum still remains. The swing projection to 0.8670 is still in sight.
- The 1H chart shows the market in a strong rejection from going below the 200SMA and the rising support (same as in the 4H chart). The RSI here is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Initial Jobless Claims Rise More-than-expected

Posted: 10 Mar 2011 05:46 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose more-than-expected, 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 March 5 rose to a seasonally adjusted 397K, after falling to 371K in the preceding week, whose figure was revised up from 368K.

Analysts had expected initial jobless claims to rise to 382K.

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


U.S. Trade Deficit Widens More-than-expected In January

Posted: 10 Mar 2011 05:42 AM PST

Forex Pros – The U.S. trade deficit widened more-than-expected in January, official data showed on Thursday.

In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD46.3 billion in January, compared to a deficit of USD40.3 billion in December, whose figure was revised down from a deficit of USD40.6 billion.

Analysts had expected the U.S. trade deficit to widen to USD41.5 billion in January.

According to the data, January … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canada Trade Surplus Contracts Unexpectedly In January

Posted: 10 Mar 2011 05:37 AM PST

Forex Pros – Canada's trade surplus contracted unexpectedly in January, official data showed on Thursday.

In a report, Statistics Canada said that Canada' trade surplus narrowed to a seasonally adjusted CAD0.1 billion, compared to a surplus of CAD1.7 billion in December, whose figure was revised down from a surplus of CAD3.0 billion.

Analysts had expected Canada's trade surplus to widen to CAD2.4 billion in January.

According to the data, imports and exports both advanced in January, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Alcoa Acquires Aerospace Business

Posted: 10 Mar 2011 05:36 AM PST

Alcoa Inc. (NYSE:AA) the world's leading producer of aluminum completed the acquisition of TransDigm Group Inc.'s (NYSE:TDG) aerospace fastener business for $240 million. The transaction is expected to be accretive to the earnings and cash flow in the first year.
TansDigm's aerospace fastener business will become a part of Alcoa Fastening Systems (AFS), a leading worldwide designer and manufacturer of specialty fastening systems, components and installation tools for aerospace and industrial … [visit site to read more] or compare Best Credit Cards and Best CD Rates


TCF Financial Prices Common Stock

Posted: 10 Mar 2011 05:36 AM PST

TCF Financial Corporation(NYSE:TCB) announced it has priced its public offering of $200 million aggregate principal amount of 13,114,755 shares of its common stock at a price of $15.25 per share.
TCF Financial allowed the underwriters a 30-day option to cover over-allotments, if any. The option includes purchase of an additional 1,967,213 shares of common stock at the same price for additional gross proceeds of $30 million.
The proceeds from the offering, which is expected to close on March 15, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/USD Is Testing Support Clusters Above 1.61

Posted: 10 Mar 2011 05:10 AM PST

GBP/USD in a Pullback After Respecting its Diagonal Triangle (3/9)
GBP/USD

- We had a pullback yesterday when the cable tested the rising diagonal triangle support. The pullback tested the "triple top" seen in the 4H chart.
- Then the market returned and cracked the previous low at 1.6124.
- This is an important support zone. Not only is it cracking the rising support, it is also testing the 200SMA and going to test 78.6% retracement of the previous upswing. Our original target of 1.6085 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. All Rivals As U.S. Jobs, Trade Data On Tap

Posted: 10 Mar 2011 05:07 AM PST

Forex Pros – The U.S. dollar was up against all of its major counterparts on Thursday, after the Bank of England left its official cash rate unchanged in line with expectations and Moody's cut Spain's debt rating by one notch.

During European early afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.57% to hit 1.3827.

Earlier in the day, Moody’s downgraded Spain's sovereign debt to Aa2 from Aa1 with a negative outlook and warned of further cuts, saying … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Euro Tumbles As Moody’s Downgrades Spanish Debt

Posted: 10 Mar 2011 04:45 AM PST

Fundamental Headlines• Inflation in Asia Strikes at Core – WSJ
• Prospect of China Bank Crisis Dismissed – Financial Times
• Europe's Banks Face 5% Stress Test Ratio – Financial Times
• Gold Retreats in Line with Oil, But Libya Underpins – CNBC
• Spain to Reveal Cajas' Capital Hole in Fight Against Contagion – Bloomberg
EURUSD: The Euro fell to a new weekly low below 1.3800 in the overnight as Moody's Investor Services downgraded Spain's sovereign debt rating, from Aa1 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Targets 1.3770, 1.37

Posted: 10 Mar 2011 04:37 AM PST

EUR/USD's Short-term Wave Structure Suggests More Correction (3/9)
EUR/USD

- As anticipa ted in yesterday's post, the EUR/USD was not done with its corrective decline.
- We did however have a correction against this corrective decline yesterday when the market reached 1.3850 (150% projection as we noted in the previous post).
- The correction turned out to be very small, and was a triangle labeled by (a)(b)(c).
- The RSI respected 60, and came down to tag 30, a sign of bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down After BoE Holds Pat On Monetary Policy

Posted: 10 Mar 2011 04:34 AM PST

Forex Pros – The pound was down against the U.S. dollar on Thursday, after the Bank of England’s Monetary Policy Committee left interest rates on hold at a record low of 0.5%, as expected.

GBP/USD hit 1.6123 during European early afternoon trade, the pair's lowest since February 28; the pair subsequently consolidated at 1.6154, shedding 0.28%.

Cable was likely to find support at 1.6070, the low of February 28 and resistance at 1.6242, Wednesday's high.

Interest rates have stood at 0.5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Of England Maintains Benchmark Interest Rate At 0.50%

Posted: 10 Mar 2011 04:02 AM PST

Forex Pros – The Bank of England kept its benchmark interest rate unchanged for the 24th consecutive month in March, it announced on Thursday.

The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.

The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP200 billion in March.

The minutes of the meeting of the bank's monetary policy committee will be published on Wednesday, March … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down On Spain Downgrade, Debt Fears

Posted: 10 Mar 2011 03:23 AM PST

Forex Pros – The euro fell to a six-day low against the U.S. dollar on Thursday, after credit agency Moody’s cut Spain’s rating and amid concerns over how the euro zone will handle the debt crisis affecting its peripheral nations.

EUR/USD hit 1.3805 during European late morning trade, the pair's lowest since March 2; the pair subsequently consolidated at 1.3828, shedding 0.56%.

The pair was likely to find support at 1.3710, the low of February 28 and resistance at 1.3940, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


James Montier And Seven Laws For Value Investors

Posted: 10 Mar 2011 12:54 AM PST

GMO’s James Montier has just released an essay entitled quot;The Seven Immutable Laws of Investingquot;. Montier is always a good read having shaken up the city and built his reputation with some left field research notes as global strategist at previous employer Societe Generale. Famous notes included tomes on how to be happy in spite of being a financier – not exactly par for the research note course. His contrarian stance has always been driven by a core belief in the importance of value … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold Price Surge Helps Take Hamp;T Group To Record Annual Profits

Posted: 09 Mar 2011 11:57 PM PST

HT (LON:HAT) announced record annual profits for 2010 this morning as the pawnbroking group continued to take advantage of surging gold prices. The UK’s leading pawnbroker by size of pledge book, Hamp;T had grown its retail estate to 180 outlets by year end comprising of both high street pawnbroking shops and gold purchasing bars.
Headline profits before tax surged almost 38% year on year to £25.5m and continued substantial cash generation enabled the group to pay down net debt to £27m from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Northern Petroleum Excited By Well Spud In Potential New South American Oil Basin

Posted: 09 Mar 2011 11:51 PM PST

Northern Petroleum (LON:NOP) reported this morning that drilling had got under way on the Zaedyus prospect, offshore Guyane. Northern and its partner Wessex Exploration (Plus:WX.P) both hold 1.25% beneficial interests in the Guyane Maritime Permit, which is operated by Tullow Oil (LON:TLW) and boasts Shell Eamp;P and Total Eamp;P as substantial stakeholders.

Tullow has previously said that the forthcoming well, GM-ES-1, has the potential to open up a major new oil province in Guyane with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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