DailyMarkets.com - In The Least Ugly Contest, The US Dollar Is Ready To Rally! |
- In The Least Ugly Contest, The US Dollar Is Ready To Rally!
- FMC Tech Gets $125M Petrobras Job
- Moody’s Launches New Software
- Sasol Extends Shale Gas Footprint
- Neutral: Norfolk
- Domino’s Pizza Expands
- Starwood Expands In EMEA
- Sold HMY $12.30 – Buy AGQ $210.00
- The Principles Of The People’s Party
- Revs Rise At Simcere Pharma
- Qualcomm Hikes Dividend
- Medtronic Establishes In Far East
- Apple IOS 4.3 Available Early
- Encouraging Data On Pfizer Drug
- Is Lawson Software Selling?
- The Day Ahead: BoE Rate Decision, US Jobless Claims, International Trade Data, Earnings
- Jacobs’ 4 Consecutive Contracts
- Pratt & Whitney Wins Engine Order
- Recapitalization Rewarding For MGI?
- Wright Releases New Foot Product
- Dr Pepper Snapple Stays Neutral
- Nucor Begins Construction
- Secondary Offering From Pebblebrook
- Navistar Misses, Retains Profit
- Stock Picks For Thursday March 10
- Hot Option Plays: One Side Of Market May Tip Hand 03-09-11
- Closing Bell Market Monitor: DYN, TXN, FNSR
- PPL Corp. Expands In U.K.
- Regeneron Keeps Neutral Rec
- Are Entitlements A Problem?
- Forex – EUR/USD Up At The End Of U.S. Session
- Production Continues At Freeport
- Forex – USD/JPY Up Toward The End Of U.S. Session
- HP Inks Government Deal
- PNC Financial Reiterated Neutral
- Sierra Monitor Delivers Record Sales And Income
- Conoco Remains Neutral
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Updating The Lazy Triangle Pattern In The SPY SP500
- U.S. Markets Close Lower; Dow Jones Down 0.01%
- CVS Caremark Remains Neutral
- TiVo Issues Senior Notes
- 03/09 FX Options Report
- Forex – GBP/USD Up During The U.S. Session
- Telus To Invest In British Columbia
- Starbucks Gifts China Instant Coffee
- Forex – NZD/USD Down On Economic Data
- N.Z. Official Cash Rate Falls More-than-expected
- MannKind Stays Neutral
- Limited Brands Sales Up
- Forex – USD/CAD Down In U.S. Trade
- Forex Trading: EURJPY Is Trying To Break The 100 Hour MA For The 3rd Time
- Rare Earth Metal Prices Soaring…Will Miners Follow?
- “Opportunity To…put Money Back To Work”
- Traders Build Up Bullish Positions On IBM Corp.
- Lo-Q’s Tom Burnet Sets Sights On New Markets For Queue-jumping Technology
- Turkey A Model Of Middle East Stability
| In The Least Ugly Contest, The US Dollar Is Ready To Rally! Posted: 09 Mar 2011 05:47 PM PST Fundamentally, the U.S. has major problems. The government's budget deficit is projected to hit a record $1.6 trillion this year — nearly 11 percent of the gross domestic product, making it the biggest gap between spending and revenues since World War II. And it is facing annual deficits of more than $1 trillion as far as the eye can see. Even the Bank for International Settlement (BIS), often called the central banks' central bank, has admitted that the current debt policy in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FMC Tech Gets $125M Petrobras Job Posted: 09 Mar 2011 05:05 PM PST Oil drilling equipment maker FMC Technologies Inc. (NYSE:FTI) announced the receipt of a $125 million contract from Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR), or Petrobras S.A., to supply future subsea technology solutions for its oil and gas projects offshore Brazil.
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| Posted: 09 Mar 2011 05:05 PM PST Moody's Analytics, a subsidiary of Moody's Corp. (NYSE:MCO), unveiled a new risk management and capital allocation software called Mortgage Portfolio Analyzer (MPA).
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| Sasol Extends Shale Gas Footprint Posted: 09 Mar 2011 04:35 PM PST South African petrochemicals group Sasol Ltd. (NYSE:SSL) has entered into a deal with Canadian energy explorer Talisman Energy Inc (NYSE:TLM) to buy a 50% stake in the latter's prolific Montney Basin shale natural gas assets in western Alberta and north-eastern British Columbia for approximately C$1,050 million (R7,413 million).
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| Posted: 09 Mar 2011 04:35 PM PST We are currently maintaining our long-term Neutral rating on the leading U.S. railroad company, Norfolk Southern Corp. (NYSE:NSC). Currently, the stock has a Zacks #3 Rank (Hold).
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| Posted: 09 Mar 2011 04:35 PM PST Ann Arbor, Michigan-based Domino's Pizza, Inc (NYSE:DPZ), which currently owns and operates 454 company-owned restaurants and 8,897 franchised restaurants, announced the opening of its first store in Poland, which is Europe’s sixth largest economy.
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| Posted: 09 Mar 2011 04:35 PM PST White Plains, New York-based Starwood Hotels & Resorts Worldwide Inc. (HOT) is planning to strengthen its portfolio in Europe, Africa and the Middle East (EMEA) by opening 50 hotels over the next three to five years, of which 12 are expected to open in 2011.
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| Sold HMY $12.30 – Buy AGQ $210.00 Posted: 09 Mar 2011 04:16 PM PST This is my sale of Harmony Gold Mining Co (HMY) for $12.30. My trading software said my cost was $12.30 but now that I look at it, my Trading Record says I bought this on January 3rd for $12.58 – so I’ll go with that and recognize a 2.3% loss on the transactions. Click on any chart to ENLARGE As I am eager to start inching my portfolio over to the silver side of things, and away from gold, I used the funds cleared from the sale of HMY to buy Proshares Ultra Silver (AGQ) at $210.00. My TSI … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Principles Of The People’s Party Posted: 09 Mar 2011 04:15 PM PST The following was sent to me by someone in Madison, Wisconsin, who found it in the Capitol building last week. It was obviously written in a hurry, and it carries the label "first draft." ******
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| Posted: 09 Mar 2011 04:05 PM PST Simcere Pharmaceutical Group's (NYSE:SCR) fourth quarter 2010 earnings of 16 cents per American Depository Share (ADS) easily surpassed the Zacks Consensus Estimate of 10 cents. The company suffered a loss of 27 cents per ADS in the final quarter of 2009 (on an adjusted basis). Higher revenues benefited earnings in the reported quarter.
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| Posted: 09 Mar 2011 03:55 PM PST The board of directors of Qualcomm (NASDAQ:QCOM) recently increased the company's quarterly cash dividend by approximately 13% to 21.5 cents per share on its common stock. The hike in the dividend rate will be effective after the payment of the earlier dividend of 19 cents per share, as announced by the company, on January 14, 2011.
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| Medtronic Establishes In Far East Posted: 09 Mar 2011 03:55 PM PST In order to further strengthen its position in the emerging markets, Medtronic (NYSE:MDT) has opened its new regional headquarters in Shanghai, China. This will enable the company to better cater to the needs of this region through local product development.
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| Posted: 09 Mar 2011 03:55 PM PST 03/09/11 Apple released the iOS 4.3 for its mobile devices, ahead of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Encouraging Data On Pfizer Drug Posted: 09 Mar 2011 03:35 PM PST Pfizer Inc. (NYSE:PFE) recently presented encouraging data on its rheumatoid arthritis candidate tofacitinib (formerly known as tasocitinib). Tofacitinib met its primary endpoint in the ORAL Sync phase III study (A3921046), which was conducted on patients suffering from moderate-to-severe rheumatoid arthritis. Results showed that compared to placebo, tofacitinib achieved a statistically significant reduction in signs and symptoms of rheumatoid arthritis.
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| Posted: 09 Mar 2011 03:35 PM PST According to Reuters, Lawson Software (NASDAQ:LWSN) is exploring possibilities of selling its software business. The rumors of the sale led to a 13.26% surge in the stock price on March 8, 2011, which closed at $11.19. The stock further gained 0.27% in after market trading.
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| The Day Ahead: BoE Rate Decision, US Jobless Claims, International Trade Data, Earnings Posted: 09 Mar 2011 10:30 AM PST 03/09/11 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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| Jacobs’ 4 Consecutive Contracts Posted: 09 Mar 2011 03:10 PM PST Jacobs Engineering Group Inc. (NYSE:JEC) recently won an engineering and environmental consultant contract from the National Roads Authority of Ireland.
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| Pratt & Whitney Wins Engine Order Posted: 09 Mar 2011 03:05 PM PST Pratt & Whitney is expected to provide power for up to 100 Airbus A320neo family aircraft ordered by International Lease Finance Corporation (ILFC). The contract is for 120 firm PurePower PW1100G engines for 60 aircraft with an additional option for supplying up to 80 engines for 40 aircraft. The deliveries are scheduled to commence in 2016. Pratt & Whitney is a United Technologies Corporation (NYSE:UTX) company.
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| Recapitalization Rewarding For MGI? Posted: 09 Mar 2011 03:05 PM PST Finally, MoneyGram International Inc. (NYSE:MGI) has taken a path to revival and proposed a recapitalization program with its investors, including private equity firm Thomas H. Lee Partners (THL) and investment bank Goldman Sachs Group Inc. (NYSE:GS) to improve its dangling capital position. However, a confirmation on the date and approval of shareholders is still pending.
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| Wright Releases New Foot Product Posted: 09 Mar 2011 03:05 PM PST Wright Medical Group (NASDAQ:WMGI), a worldwide orthopedic company, recently announced the commercial launch of the PRO-TOE VO Hammertoe Fixation System. This system, designed with assistance from extremity specialists, offers a relatively easy mechanism for surgically repairing the lesser toes after correction of a hammer toe deformity.
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| Dr Pepper Snapple Stays Neutral Posted: 09 Mar 2011 03:05 PM PST We reiterate our long-term Neutral recommendation on Dr Pepper Snapple Group Inc. (NYSE:DPS) with a target price of $38.00 per share. Dr Pepper Snapple is a leading manufacturer and distributor of non-alcoholic beverages in the U.S., Canada and Mexico.
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| Posted: 09 Mar 2011 02:35 PM PST Nucor Corp. (NYSE:NUE) received an air permit from the state of Louisiana in January, which allowed it to order equipment to begin construction of an iron-making plant in St. James Parish, La., about 30 miles west of New Orleans.
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| Secondary Offering From Pebblebrook Posted: 09 Mar 2011 02:25 PM PST Pebblebrook Hotel Trust (PEB), a lodging real estate investment trust (REIT), has recently announced a secondary offering of 5 million 7.875% Series A Cumulative Redeemable Preferred Shares at $25.00 each to raise cash and increase liquidity. The company anticipates generating net proceeds of approximately $120.9 million from the offer.
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| Navistar Misses, Retains Profit Posted: 09 Mar 2011 02:25 PM PST Navistar International Corporation (NYSE:NAV) saw a rise in profit to $12 million or 16 cents per share (excluding the impact of costs to integrate its truck and engine engineering operation) in the first quarter of fiscal 2011 from $2 million or 3 cents per share in the year-ago quarter — excluding the impact of benefits from the Ford Motor's (NYSE:F) restructuring and related activity. However, the company's profit was lower than the Zacks Consensus Estimate of 22 cents per share.
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| Stock Picks For Thursday March 10 Posted: 09 Mar 2011 02:24 PM PST ( click to enlarge ) Corning Incorporated (NYSE:GLW) tried to break down today but buyers came in to support and the stock closed again above the $22 level. On daily chart we can see a pull back with low volume indicating a consolidation phase after some bullish momentum. The bias is neutral in nearest term. A break above $22.98 on a close basis should be seen as a serious threat for the stock to test the highs of February. Immediate resistance is seen at $22.58. Initial support at $22 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: One Side Of Market May Tip Hand 03-09-11 Posted: 09 Mar 2011 02:18 PM PST Cusick's Corner
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| Closing Bell Market Monitor: DYN, TXN, FNSR Posted: 09 Mar 2011 02:15 PM PST 03/09/11 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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| Posted: 09 Mar 2011 02:05 PM PST PPL Corporation (NYSE:PPL), through its U.K. subsidiaries, has agreed to buy E.ON AG's Central Networks electric distribution business in central England, to further step up the growth of its regulated electricity operations.
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| Posted: 09 Mar 2011 02:05 PM PST We are maintaining our Neutral recommendation on Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) with a target price of $38.00.
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| Posted: 09 Mar 2011 02:01 PM PST A Google search finds the following when searching for a definition of: "Entitlements": "Entitlement is a guarantee of access to benefits because of rights or by agreement through law. It also refers, in a more casual sense, to someone’s belief that one is deserving of some particular reward or benefit. It is often used pejoratively in common parlance (e.g. a “sense of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 09 Mar 2011 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3908, up 0.02% at time of writing. The pair was likely to find support at 1.3856, today's low, and resistance at 1.4036, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8584 and EUR/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Production Continues At Freeport Posted: 09 Mar 2011 01:40 PM PST The production at the world’s largest gold and copper mine, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) continues normally despite the landslide that closed a tunnel that links the Grasberg mine with the nearby village in Indonesia’s province of Papua.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 09 Mar 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 82.73, up 0.08% at time of writing. The pair was likely to find support at 81.95, Monday'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 0.01% to hit 1.3906 and GBP/USD rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 09 Mar 2011 01:35 PM PST Hewlett-Packard Company (NYSE:HPQ) recently finalized a customer support deal with the Corporation for National and Community Services (CNCS). The deal has a one-year base period with four one-year option periods and is valued at $22.5 million.
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| PNC Financial Reiterated Neutral Posted: 09 Mar 2011 01:35 PM PST We are maintaining our Neutral recommendation on PNC Financial Services Group Inc. (NYSE:PNC). Though continued strengthening of its balance sheet, with focus on risk and expense management were impressive, we expect the top line to remain under pressure with continued soft loan demand and low interest rate environment.
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| Sierra Monitor Delivers Record Sales And Income Posted: 09 Mar 2011 01:35 PM PST Ken Nagy, CFA Sierra Monitor Delivers Record Sales and Income Sierra Monitor Corporation (SRMC) designs and develops hazardous gas monitoring devices for the protection of personnel and facilities in industrial work places. Through its subsidiary FieldServer Technologies the firm has branched into protocol translation technology, which enables machine to machine (M2M) communication in energy and building automation applications. This high growth business should complement the gas detection … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 09 Mar 2011 01:35 PM PST We retain our Neutral recommendation for ConocoPhillips (NYSE:COP) following its better-than-expected fourth quarter 2010 earnings, higher capital expenditure (capex) program, high dividend yield and an additional share repurchase program. However, these positives remain tempered by erratic global economic conditions and volatile commodity prices.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 09 Mar 2011 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3906, up 0.01% at time of writing. The pair was likely to find support at 1.3856, today's low, and resistance at 1.4036, Monday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8584 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Updating The Lazy Triangle Pattern In The SPY SP500 Posted: 09 Mar 2011 01:17 PM PST I wrote yesterday about the "Consolidation in the S&P 500" which continued today as we wound down to an even LOWER volatility range which made the dominant boundaries even clearer as traders now await a breakout. A couple of quick observations:
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| U.S. Markets Close Lower; Dow Jones Down 0.01% Posted: 09 Mar 2011 01:10 PM PST Forex Pros – U.S. stocks were down after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.01%, the S&P 500 index shed 0.14%, while the Nasdaq 100 index declined 0.64%. Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.55%; Germany's DAX shed 0.46%; Britain's FTSE 100 declined 0.63%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 09 Mar 2011 12:55 PM PST Recently, we reiterated our Neutral recommendation on CVS Caremark Corporation (NYSE:CVS) with a target price of $35.00.
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| Posted: 09 Mar 2011 12:55 PM PST TiVo Inc. (NASDAQ:TIVO) is offering Convertible Senior Notes worth $120.0 million in a private placement to qualified institutional buyers as per Rule 144A under the Securities Act of 1933. The Senior Notes will mature in 2016.
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| Posted: 09 Mar 2011 12:45 PM PST The CHF advanced on safe-haven demand. Ongoing geopolitical unrest in North Africa and the Middle East, boosted the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The U.S. Session Posted: 09 Mar 2011 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.6205, up 0.27% at time of writing. The pair was likely to find support at 1.6126, Tuesday's low, and resistance at 1.6341, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8580 and GBP/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Telus To Invest In British Columbia Posted: 09 Mar 2011 12:35 PM PST Telus Corporation (NYSE:TU), the second largest Canadian telecommunications company, will invest $670 million in British Columbia.
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| Starbucks Gifts China Instant Coffee Posted: 09 Mar 2011 12:35 PM PST Starbucks Corp. (NASDAQ:SBUX) announced that it is about to launch instant single serving coffee packets under the name 'Via' in more than 800 stores in China, Hong Kong and Taiwan effective April, 2011.
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| Forex – NZD/USD Down On Economic Data Posted: 09 Mar 2011 12:15 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on Interest Rate Decision. NZD/USD was trading at 0.7378, down 0.23% at time of writing. The pair was likely to find support at 0.7332, today's low, and resistance at 0.7418, Tuesday's high. Earlier in the day, official data showed that New Zealand's official cash rate fell more-than-expected to 2.50% last month. Analysts had expected the official cash rate to fall to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| N.Z. Official Cash Rate Falls More-than-expected Posted: 09 Mar 2011 12:15 PM PST Forex Pros – New Zealand's official cash rate fell more-than-expected last month, official data showed on Wednesday. In a report, the Reserve Bank of New Zealand said that its official cash rate fell to 2.50%. Analysts had expected the official cash rate to fall to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 09 Mar 2011 12:10 PM PST We are maintaining our Neutral stance on MannKind Corporation (NASDAQ:MNKD) with a target price of $4.00.
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| Posted: 09 Mar 2011 12:05 PM PST Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted better-than-expected sales results for the four-week period ended February 26, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath and Body Works.
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| Forex – USD/CAD Down In U.S. Trade Posted: 09 Mar 2011 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday. USD/CAD was trading at 0.9686, down 0.29% at time of writing. The pair was likely to find support at 0.9668, today's low, and resistance at 0.9748, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.001% to hit 1.3905 and GBP/USD rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURJPY Is Trying To Break The 100 Hour MA For The 3rd Time Posted: 09 Mar 2011 11:40 AM PST The EURJPY has ventured below the 100 hour MA 2 other times today and is now trying a third. Traders looking to extend out of this narrow range will be looking for some momentum to the downside not. The next target is the low from yesterday and Tuesday at the 114.53 level. The 38.2% would be the next target support at the 114.42 level.
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| Rare Earth Metal Prices Soaring…Will Miners Follow? Posted: 09 Mar 2011 11:35 AM PST The Middle East turmoil has created a sell-off in equities and a run to the safe haven assets of precious metals and oil. Even though rare earth prices are soaring, many investors have overlooked a key sector which has pulled back providing a bargain opportunity before the rare earth crisis intensifies.
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| “Opportunity To…put Money Back To Work” Posted: 09 Mar 2011 11:20 AM PST 03/09/11 Sunrise Securities’ Ben Willis weighs in on price action for crude oil, and the latest in risk … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Traders Build Up Bullish Positions On IBM Corp. Posted: 09 Mar 2011 11:01 AM PST Traders build up bullish positions on IBM Corp.
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| Lo-Q’s Tom Burnet Sets Sights On New Markets For Queue-jumping Technology Posted: 09 Mar 2011 06:24 AM PST When Tom Burnet was brought in as chief executive of queue-busting technology company LO-Q (LON:LOQ) last summer he quickly realised that there was more than one reason to drive the company forwards. As the father of two young children, Burnet shares the dread of many parents when it comes to tortuously long waits for rides at theme parks. He is now behind big plans to capitalise on Lo-Q's achievements in recent years and spread the use of technology that can help users literally jump the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Turkey A Model Of Middle East Stability Posted: 08 Mar 2011 10:00 PM PST Turkey lies north of Syria and across the Mediterranean from Libya. Because of its proximity to the unrest in North Africa, Turkey has been punished by equity investors. The country has gone from one of the best performing emerging markets in 2010 to levels not seen since March 2006.
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