DailyMarkets.com - HUI – A Chart To Make You Think Twice
DailyMarkets.com - HUI – A Chart To Make You Think Twice |
- HUI – A Chart To Make You Think Twice
- Forex Trading: Euro And Sterling Makes Gains On Better China Numbers
- Stock Market Summary For Thursday, March 10, 2011
- Forex – EUR/USD Up During The Asian Session
- I Shudder To Think
- Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds?
- Forex – EUR/JPY Up During Asian Trade
- Forex – GBP/JPY Down During The Asian Session
- GR’s Engining Solution To Airbus
- Mixed Opinion On NVS Lung Drug
- Macy’s Sales Up
- Cathay Pacific To Fly Boeing 777
- Millicom Completes Vimpel Deal
- HCA Sets Record For PE-backed IPO
- Forex – NZD/USD Down In Asian Trade
- CPKI To Expedite Indian Expansion
- The Day Ahead: US Retail Sales, U. Of Michigan Consumer Sentiment, Business Inventories
- Hot Option Plays: Puts Are Your Friend 03-10-11
- TiVo Increases Debt Issue
- EIA: Cushing Stocks Soar, Fuel Down
- Eastman Kodak Offers Senior Notes
- Trade Ideas For Friday, March 11
- Real Residential Nat Gas Prices Fall To 8-Year Low, Commercial Prices To 9-Yr. Low; Where’s The News?
- KKR Completes Del Monte Deal
- Closing Bell Maket Monitor: HGSI, SBUX, HRB, GM
- GM Recalls On A Software Glitch
- Foster Wheeler Wins Irish Contract
- Budget Deficit Increases Slightly
- Analyst Interviews: Auto Industry Outlook And Review
- SGMS Wins Colorado Contract
- BJ’s Delivers Healthy Sales
- TransDigm Sells Fasteners To Alcoa
- Forex – EUR/USD Down At The End Of U.S. Session
- Forex – USD/JPY Up Toward The End Of U.S. Session
- AUD/NZD Is Exhausted, Sliding Towards 1.35, 1.32
- Avnet Is Neutral
- Health Care Raises Debt
- Forex – EUR/USD Down Toward The End Of U.S. Session
- AutoNation Sales Soar
- Vodafone & Frontier Are Top Picks
- Forex – GBP/USD Down During The U.S. Session
- Unitholders Approve PVR-PVG Merger
- Earnings Scorecard: Gerdau S.A.
- Germany’s CRE Market Booms
- Smithfield EPS Beats, Sales In Line
- Exxon To Spend, Produce More
- Forex – USD/CAD Up In U.S. Trade
- Argentina – A New ETF Lets You Get There from Here
- AOL To Cut Nearly 20% Of Its Workforce
- Minnesota Legislation Would Allow Ticket Re-Sales
- Western Union Ties With Seven Bank
- Equinix Faces Lawsuit
- Auxilium Completes Patient Enrollment
- U.S. Exports Increase To New Record-Level In Jan.
- Hot Option Plays: Sold!
- Forex – EUR/USD Down In U.S. Trading Hours
- A Double Dip Recession: How Would China Respond? (Guest Post)
- Evergreen Solar Misses
- AK Steel Completes $180M Project
- US Jobless Claims & Trade Data From US, China And Germany Weaken Stocks And Sentiment
- The SPX Dances Between Excitement & Danger
- Toyota Expects Fast Profits
- Walgreen To Sell PBM Business
- Trade Picture Gets Ugly
- Forex – AUD/USD Down In U.S. Trade
- “Markets Have Been Nervous…looking To Take Money Off Table”
- Bulls Scoop Up Sprint Nextel Corp. Calls
- Forex – NZD/USD Down During The U.S. Session
- European Markets Close Lower; Dax Down 0.96%
- Big Themes, Smaller Companies
| HUI – A Chart To Make You Think Twice Posted: 10 Mar 2011 06:14 PM PST On heavy profit taking days like today it is easy to forget the big picture for miners. I hope this post will at least make you think twice before you even consider throwing in the towel. This is a chart of the weekly Amex Gold Bugs Index (HUI) from 2002 to today’s close. With horizontal lines I have identified the four major consolidations of the mining stocks since the secular bull market was born. The first consolidation lasted 24 months and when the HUI mining index broke out in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Euro And Sterling Makes Gains On Better China Numbers Posted: 10 Mar 2011 06:12 PM PST CPI (y/y) – Survey: 4.8% Actual: 4.9% Prior: 4.9%
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| Stock Market Summary For Thursday, March 10, 2011 Posted: 10 Mar 2011 06:10 PM PST The update for Thursday, March 10, 2011 will be posted by 10:30 pm est. Sorry for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The Asian Session Posted: 10 Mar 2011 06:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3827, up 0.22% at time of writing. The pair was likely to find support at 1.3776, 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 0.16% to hit 0.8604 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 05:59 PM PST If the Bloomberg National Poll data highlighted in “Americans in Poll Show Little Confidence With Plurality Perceiving Decline” reflect an economy in the throes of a nearly two-year old recovery, I shudder to think just how bad things are going to be when politics and financial markets force Washington to stop borrowing and spending like a drunken sailor, the Fed no longer has the political support and practical wherewithal to keep creating money out of thin air, and the masses … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 05:45 PM PST Bill Gross, the manager of the biggest bond fund in the world, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling. At one time PIMCO held more U.S. government debt than any other bond fund on the globe, but now news has come out that they have gotten rid of all their U.S. government-related securities. So should we be alarmed? For months Gross has been warning that the bull market in bonds is coming to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up During Asian Trade Posted: 10 Mar 2011 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Friday. EUR/JPY was trading at 114.48, up 0.001% at time of writing. The pair was likely to find support at 114.21, Thursday's low, and resistance at 115.26, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.15% to hit 1.3817 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Down During The Asian Session Posted: 10 Mar 2011 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Friday. GBP/JPY was trading at 133.25, down 0.01% at time of writing. The pair was likely to find support at 132.93, Thursday's low, and resistance at 134.35, Thursday's high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.07% to hit 1.6071 and EUR/GBP rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GR’s Engining Solution To Airbus Posted: 10 Mar 2011 04:35 PM PST Goodrich Corporation (NYSE:GR) announced that it has been chosen by Airbus to design the nacelle and thrust reversers for United Technologies Corporation's (NYSE:UTX) Pratt & Whitney PurePower 1100G engine. The engine will be used to power the Airbus A320 Family of single-aisle airplanes. Goodrich will carry out engine build up (EBU) and also include a variable area nozzle (VAN) for the engine.
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| Mixed Opinion On NVS Lung Drug Posted: 10 Mar 2011 04:35 PM PST Novartis AG (NYSE:NVS) recently announced that a US Food and Drug Administration (FDA) advisory committee gave a positive opinion recommending approval of only the lower 75 mcg dose, and not the higher 150 mcg dose, of QAB149 for the treatment of chronic obstructive pulmonary disease (COPD).
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| Posted: 10 Mar 2011 04:05 PM PST Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted sales results for the four-week period ended February 26, 2011.
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| Cathay Pacific To Fly Boeing 777 Posted: 10 Mar 2011 04:05 PM PST Aerospace and defense giant, The Boeing Company (NYSE:BA) announced that it has inked a deal valued at $2.8 billion with the flag carrier of Hong Kong, Cathay Pacific to supply 10 777-300ER airplanes.
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| Millicom Completes Vimpel Deal Posted: 10 Mar 2011 04:05 PM PST Millicom International Cellular S.A. (NASDAQ:MICC) finally disposed its 74.1% stake in the Laos operation, to Vimpel Communications (NYSE:VIP) of Russia
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| HCA Sets Record For PE-backed IPO Posted: 10 Mar 2011 03:55 PM PST 03/10/11 HCA Holdings launched the largest private-equity backed initial public offering in the United … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down In Asian Trade Posted: 10 Mar 2011 03:50 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7346, down 0.12% at time of writing. The pair was likely to find support at 0.7322, today's low, and resistance at 0.7418, Tuesday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.26% to hit 1.3640 and EUR/NZD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CPKI To Expedite Indian Expansion Posted: 10 Mar 2011 03:35 PM PST California Pizza Kitchen Inc. (NASDAQ:CPKI) is trying to step up its growth plans in India with the second restaurant in Mumbai. The restaurant will be opened in association with its franchise partner JSMGGC India Pvt. Ltd., a joint-venture between Mumbai-based JSM Corporation and Dubai-based Gourmet Gulf Company.
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| The Day Ahead: US Retail Sales, U. Of Michigan Consumer Sentiment, Business Inventories Posted: 10 Mar 2011 10:20 AM PST 03/11/11 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
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| Hot Option Plays: Puts Are Your Friend 03-10-11 Posted: 10 Mar 2011 03:18 PM PST Cusick's Corner
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| Posted: 10 Mar 2011 03:10 PM PST TiVo Inc. (NASDAQ:TIVO) increased the debt issuance in the form of Convertible Senior Notes from $120.0 million, as announced earlier, to $150.0 million with a semi-annual interest rate of 4.0% per year. The Senior Notes, expected to mature in 2016, will be available in a private placement to qualified institutional investors as per Rule 144A under the Securities Act of 1933.
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| EIA: Cushing Stocks Soar, Fuel Down Posted: 10 Mar 2011 03:05 PM PST The U.S. Energy Department’s weekly inventory release showed a steep build-up in crude stockpiles with supplies at the key delivery hub of Cushing hitting a record high for the second time in a row. The agency's report further added that fuel inventories were off from the previous week levels, while refinery run-rates increased.
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| Eastman Kodak Offers Senior Notes Posted: 10 Mar 2011 03:05 PM PST Eastman Kodak Company (NYSE:EK) announced that it intends to issue senior secured notes of $200 million in a private placement to qualified institutional buyers as per Rule 144A under the Securities Act of 1933.
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| Trade Ideas For Friday, March 11 Posted: 10 Mar 2011 02:47 PM PST ( click to enlarge ) RC2 Corporation (NASDAQ:RCRC) shares surged today amid takeover speculation. The stock closed at $25.51, up 16 per cent, with volumes of 3 million shares. RCRC has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $24 share on high volume. The stock is displaying upside momentum and is poised to move higher from these levels. Keep this on your watchlist because the overall market sentiment on RCRC is pretty bullish right … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 02:38 PM PST The top chart above shows monthly, inflation-adjusted prices for “U.S. natural gas delivered to residential customers” (data here, prices are in 2010 dollars). The price of natural gas in December 2010 at $9.86 per 1,000 cubic feet, was the lowest price in almost 8 years. You have to go all the way back to January 2004 to find a lower inflation-adjusted price for residential natural gas. The bottom chart above shows monthly prices for natural gas sold to commercial … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 02:35 PM PST Del Monte Foods Company announced the completion of its acquisition by Kohlberg Kravis Roberts & Co. L.P. (KKR), Vestar Capital Partners (Vestar) and Centerview Capital, L.P. (Centerview). As per the terms of the agreement, Del Monte's shareholders will receive $19.00 per share in cash. This represents a 40% premium over the average closing price during the three months. The total value of the transaction is about $5.3 billion. Shareholders approved the transaction on March 7, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Maket Monitor: HGSI, SBUX, HRB, GM Posted: 10 Mar 2011 02:30 PM PST 03/10/11 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
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| GM Recalls On A Software Glitch Posted: 10 Mar 2011 02:25 PM PST General Motors Company (NYSE:GM) announced that it would recall 10,000 units of its mid-size luxury sedan, Buick LaCrosse, and mid-size crossover SUV, Cadillac SRX, in order to fix a software glitch. The bug in the software system is preventing the defroster in the vehicles from clearing the windshield, thereby affecting the driver’s visibility.
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| Foster Wheeler Wins Irish Contract Posted: 10 Mar 2011 02:25 PM PST Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group has won a contract from Cynar Plc of Ireland to provide engineering design services for a 6,000 tonnes per annum plant to convert non-recyclable plastic waste into liquid fuels, primarily diesel.
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| Budget Deficit Increases Slightly Posted: 10 Mar 2011 02:25 PM PST In February, the Budget deficit rose to $222.50 billion from $220.91 billion a year ago. As the budget deficit numbers are extremely seasonal, but not seasonally adjusted, that is the comparison that matters, not the month-to-month change (it was $49.80 billion in January for those of you who are interested, but do NOT read anything into the month-to-month change). February is traditionally one of the largest budget deficit months. This is the second month where the effects of the lame duck … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Auto Industry Outlook And Review Posted: 10 Mar 2011 02:05 PM PST Auto Industry Outlook and Review – March 2011 Tickers: TM, NSANY, HMC, GM, F, AXL, ARM, GT, MGA, SUP, TEN, TRW, JCI, TTM The auto industry is a highly concentrated one, with roughly 10 global automakers accounting for over 77% of total production worldwide. In 2010, General Motors Company (NYSE:GM) led with a 19.1% market share in the U.S., followed by Ford Motor Co. (NYSE:F) with a 16.7% market share, Toyota Motors Corp. (NYSE:TM) with a 15.2% market share, Honda Motor Co. (NYSE:HMC) with a 10.6% market … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 02:05 PM PST Scientific Games Corp. (NASDAQ:SGMS) signed a contract with Colorado Lottery, after winning a competitive procurement process in October 2010. Under the contract, Scientific Games will become the primary vendor for instant ticket games and related services to Colorado Lottery.
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| Posted: 10 Mar 2011 02:05 PM PST BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the four-week period ended February 26, 2011.
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| TransDigm Sells Fasteners To Alcoa Posted: 10 Mar 2011 02:05 PM PST TransDigm Group Inc (NYSE:TDG) announced that it has completed the divestiture of its fastener business to Alcoa Inc. (NYSE:AA) for approximately $240 million.
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 10 Mar 2011 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3797, down 0.80% at time of writing. The pair was likely to find support at 1.3776, today'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 0.09% to hit 0.8592 and EUR/JPY falling 0.51% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 10 Mar 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday. USD/JPY was trading at 82.91, up 0.21% at time of writing. The pair was likely to find support at 81.95, Monday's low, and resistance at 83.17, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.81% to hit 1.3796 and GBP/USD falling 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| AUD/NZD Is Exhausted, Sliding Towards 1.35, 1.32 Posted: 10 Mar 2011 01:32 PM PST AUD/NZD Should be Exhausted by Now (3/1) - The AUD/NZD has indeed exhausted since we first saw it rallying towards 1.37, and rising channel resistance. the RSI was also above 70, which reflects the bullish mode the market has been in since June 2010.
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| Posted: 10 Mar 2011 01:31 PM PST We continue to maintain our Neutral recommendation on Avnet, Inc. (NYSE:AVT).
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| Posted: 10 Mar 2011 01:31 PM PST Health Care REIT, Inc. (NYSE:HCN), a real estate investment trust, announced the pricing of its public offering of $1.4 billion aggregate principal amount of unsecured notes. The offering is expected to close on March 14, 2011.
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 10 Mar 2011 01:25 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3791, down 0.84% at time of writing. The pair was likely to find support at 1.3776, today'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 0.09% to hit 0.8592 and EUR/JPY falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 12:55 PM PST AutoNation (NYSE:AN) retailed 17,041 new vehicles in February 2011, up 29% and 14% from February 2010 and January 2011, respectively.
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| Vodafone & Frontier Are Top Picks Posted: 10 Mar 2011 12:55 PM PST Companies such as Vodafone Group PLC (NYSE:VOD) and Frontier Communications Corporation (NYSE:FTR) remain well placed in the telecom industry with good returns even after severe recessionary times. Given the importance of telecommunication services worldwide, these companies have certainly built their positions in the long-term portfolio of investors.
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| Forex – GBP/USD Down During The U.S. Session Posted: 10 Mar 2011 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.6047, down 0.96% at time of writing. The pair was likely to find support at 1.6040, today's low, and resistance at 1.6341, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 397.00K last week from 371.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Unitholders Approve PVR-PVG Merger Posted: 10 Mar 2011 12:35 PM PST Penn Virginia Resource Partners L.P. (NYSE:PVR) and its general partner, Penn Virginia GP Holdings L.P. (NYSE:PVG), said that the majority of unitholders of both partnerships have approved their proposed merger. The proposal for the merger of Penn Virginia Resource Partners and Penn Virginia GP Holdings was put forward in September 2010.
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| Earnings Scorecard: Gerdau S.A. Posted: 10 Mar 2011 12:35 PM PST Gerdau S. A.'s (NYSE:GGB) weak financial results in the fourth quarter of 2010, though negatively impacted the company's stock price, failed to move analysts' sentiments who kept their estimates somewhat stable following the company's earnings release.
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| Posted: 10 Mar 2011 12:10 PM PST According to a report published by CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), global real estate investors are increasingly focusing on commercial real estate (CRE) properties in Germany, marking a paradigm shift from the erstwhile strong market in the U.K.
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| Smithfield EPS Beats, Sales In Line Posted: 10 Mar 2011 12:05 PM PST Smithfield Foods Inc. (NYSE:SFD) posted robust earnings of 84 cents per share for the third quarter of fiscal 2011. The result surpassed the Zacks Consensus Estimate of 66 cents by 27.3%.
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| Posted: 10 Mar 2011 12:05 PM PST Oil giant ExxonMobil Corporation (NYSE:XOM) set its capital budget for 2011 at $34 billion, which represents a 5.6% increase from the 2010 level. The company also intends to invest $33 billion to $37 billion annually through 2015, significantly higher than its previous target range of $25 billion to $30 billion a year through 2014.
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| Forex – USD/CAD Up In U.S. Trade Posted: 10 Mar 2011 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 0.9748, up 0.66% at time of writing. The pair was likely to find support at 0.9668, Wednesday's low, and resistance at 0.9767, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.83% to hit 1.3793 and GBP/USD falling 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Argentina – A New ETF Lets You Get There from Here Posted: 10 Mar 2011 11:56 AM PST A few weeks ago I told you about opportunities in a huge Asian country overshadowed by an even bigger neighbor. I was talking about India. The bigger neighbor, of course, is China. There's a similar situation in South America … a dominant giant (Brazil) that can make us overlook smaller but still very significant players nearby. And last week brought a major new development: A freshly-minted exchange traded fund (ETF) that opens up a whole new frontier. Ag = … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| AOL To Cut Nearly 20% Of Its Workforce Posted: 10 Mar 2011 11:45 AM PST 03/10/11 AOL said Thursday that it will cut 900 jobs worldwide in an attempt to eliminate overlap from its recent acquisition of the Huffington … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Minnesota Legislation Would Allow Ticket Re-Sales Posted: 10 Mar 2011 11:43 AM PST “The Minnesota Senate commerce committee approved legislation by a vote of 10-4 that prohibits a ticket issuer from restricting for resale or the offering for resale an event ticket held by the lawful possessor. The bill would allow ticket holders to resell or exchange their tickets without needing to get the approval from the event vendor who sold it. The bill now goes to the Senate judiciary committee. Opponents to the bill, which includes the Minnesota Vikings and Minnesota Twins, in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Western Union Ties With Seven Bank Posted: 10 Mar 2011 11:35 AM PST Yesterday, leading money transfer company, Western Union Co. (NYSE:WU), announced that it would launch international money transfer services in Japan via Seven bank.
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| Posted: 10 Mar 2011 11:35 AM PST Law firm Harwood Feffer LLP has announced that a class action lawsuit has been filed against global network-neutral data centers and Internet exchange service provider Equinix Inc. (NASDAQ:EQIX). The lawsuit has been filed by purchasers of Equinix's common stock in the United States District Court for the Northern District of California.
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| Auxilium Completes Patient Enrollment Posted: 10 Mar 2011 11:35 AM PST Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently finished enrolling patients for its phase III program with Xiaflex. Xiaflex is being studied for the treatment of Peyronie's disease.
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| U.S. Exports Increase To New Record-Level In Jan. Posted: 10 Mar 2011 11:29 AM PST Here’s some more good news from today’s BEA international trade report for January: U.S. exports reached a new record-high level in January of $167.7 billion, surpassing the previous record of $165.7 billion in July 2008 (see chart above). January exports were also 16% above the year-ago level, and 35% above the cyclical low of $124.1 billion in April 2009. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 11:19 AM PST Cusick's Corner
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 10 Mar 2011 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance. EUR/USD was trading at 1.3794, down 0.82% at time of writing. The pair was likely to find support at 1.3785, today's low, and resistance at 1.4036, Monday's high. Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -46.30B last month from -40.30B in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| A Double Dip Recession: How Would China Respond? (Guest Post) Posted: 10 Mar 2011 11:11 AM PST By Dr. Tim Summers The Irish bailout and nervousness over other parts of Europe’s economies again raises the question of whether we might see some sort of double dip recession, or even another global financial and economic crisis. Although this still remains hypothetical, it is worth thinking about how the Chinese authorities might respond were the global economy to collapse again. As time goes on, this question becomes more relevant, not so much due to the aggregate size of the Chinese … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 11:05 AM PST Massachusetts-based Evergreen Solar Inc. (NASDAQ:ESLR) reported fourth-quarter 2010 adjusted loss per share of 84 cents, almost half the year-ago quarterly loss of $1.50 per share. However, this is higher than the Zacks Consensus Estimate of a loss of 70 cents.
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| AK Steel Completes $180M Project Posted: 10 Mar 2011 11:05 AM PST AK Steel Holding Corporation's (NYSE:AKS) Butler plant melted its first heat of steel at its new 175-ton capacity electric arc furnace (EAF) on March 4, 2011. Additionally, a new ladle metallurgy furnace (LMF) has also begun processing steel at the Butler Works, where electrical, stainless and carbon steels products are produced.
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| US Jobless Claims & Trade Data From US, China And Germany Weaken Stocks And Sentiment Posted: 10 Mar 2011 10:56 AM PST US equities were sharply lower in today's trading, extending the slide in global equities that we saw overnight.
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| The SPX Dances Between Excitement & Danger Posted: 10 Mar 2011 10:44 AM PST Many readers might remember that exactly two years ago the S&P 500 tagged the infamous 666 price level before putting on a monster 2 year rally that saw it surge over 100% to the February 2011 highs. Investors today are staring at a rising wall of risk while corporate credit spreads remain bullish, corporations have been able to expand margins and produce increasing profits, and Federal Reserve Chairman Ben Bernanke has declared that there are no inflationary concerns. Quite frankly I am … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 10:40 AM PST Under its "global vision" plan,Toyota Motor Corp. (NYSE:TM) revealed that it expects to generate an operating profit of ¥1 trillion, translating into an operating margin of 5%, "as soon as possible" despite a backlash on the back of a strong yen. The projection assumed dollar and euro exchange rates of ¥85 and ¥110, respectively.
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| Posted: 10 Mar 2011 10:35 AM PST Walgreen (NYSE:WAG), one of the largest retail pharmacy chains in the US, has decided to sell its pharmacy benefit management (PBM) business to Catalyst Health (CHSI) for $525 million in cash. The transaction, expected to close by the end of June 2011, is subject to regulatory clearances. Walgreen anticipates the deal to be EPS-neutral in fiscal 2012.
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| Posted: 10 Mar 2011 10:35 AM PST The Trade Deficit rose in January to $46.34 billion from $40.26 billion in December (revised down from $40.58 billion). The rise in the trade deficit is very bad news for the economy. Not only did it soar by 15.1% on the month, it was also much worse than the $41.50 billion consensus expectation. On a year-over-year basis, the total trade deficit was up 33.7% from $34.65 billion a year ago. The trade balance has two major parts: trade in goods and trade in services. America's problem is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down In U.S. Trade Posted: 10 Mar 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 1.0010, down 0.96% at time of writing. The pair was likely to find support at 0.9992, today's low, and resistance at 1.0186, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.22% to hit 1.3792 and AUD/JPY falling 0.86% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Markets Have Been Nervous…looking To Take Money Off Table” Posted: 10 Mar 2011 10:21 AM PST 03/10/11 ICAP’s Kenneth Polcari discusses the Dow and S&P 500 breaking below key technical levels, and the outlook for crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bulls Scoop Up Sprint Nextel Corp. Calls Posted: 10 Mar 2011 10:17 AM PST Bulls scoop up Sprint Nextel Corp. calls
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| Forex – NZD/USD Down During The U.S. Session Posted: 10 Mar 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7358, down 0.12% at time of writing. The pair was likely to find support at 0.7322, today's low, and resistance at 0.7418, Tuesday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.74% to hit 1.3615 and EUR/NZD falling 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 0.96% Posted: 10 Mar 2011 09:55 AM PST Forex Pros – European stocks were down after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 0.96%, London's FTSE 100 shed 1.55%, France's CAC 40 declined 0.75% and the EURO STOXX 50 was down 0.86%. Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.28%; the S&P 500 index shed 1.28%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 10 Mar 2011 06:48 AM PST The following article was written originally for CNBC as a follow up to an interview that I appeared in yesterday morning.
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