DailyMarkets.com - A Little Understanding Goes A Long Way |
- A Little Understanding Goes A Long Way
- Forex – GBP/JPY Up During The Asian Session
- Why The Street’s Euphoric Birthday Has Nothing To Do With A Buoyant Economy
- BCE On Track To Acquire CTV
- Nokia To Team With Microsoft
- Becton Retained At Neutral
- Interactive Brokers Downgraded
- United Continental Pares Growth Plans
- Forex – NZD/USD Up In Asian Trade
- AIG Upgraded To Outperform
- The Day Ahead: US Wholesale Trade, EIA Crude Oil Inventories
- Hot Option Plays: Pullback In Commodities Takes Pressure Off
- Plains To Issue Common Units
- Citrix Downgraded To Neutral
- Marriott Begins European Campaign
- IHG Expands In Latin America
- Stocks To Watch For Wednesday, March 09
- Bristol-Myers Inks Deal
- UNH Protests Tricare Contract
- Earnings Scorecard: VeriFone
- Buyout Offer For China Fire
- Donaldson’s Aguascalientes Facility
- Closing Bell Market Monitor: DKS, DHI
- Forex – EUR/USD Down At The End Of U.S. Session
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Gen-Probe Reiterated Neutral
- CB Richard Ellis To Buy ING Biz
- Boeing To Supply 747-8 To Air China
- Forex – EUR/USD Down Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 1.03%
- Boost For Endo Pharma
- JA Solar-MEMC In Solar JV
- Manulife To Issue Preferred Stock
- Forex – GBP/USD Down During The U.S. Session
- Pulte Sees Increased Signups
- Mobile Computing Powers DecisionPoint
- New Capabilities For UTX’s Sikorsky
- Toyota’s Hybrid Sales Top 3 Million
- Hot Option Plays: Market Stays Choppy
- Forex – USD/CAD Down In U.S. Trade
- The Current Contracting Consolidation In The SP500
| A Little Understanding Goes A Long Way Posted: 08 Mar 2011 05:46 PM PST As the world confronts one of the most critical periods of economic upheaval that it has ever seen, it is clear that our most influential economic stewards have absolutely no idea what they are doing. But, like kids with a new chemistry set, they are nevertheless unwilling to let that stand in the way of their experimental fun. As they pour an ever-growing number of volatile ingredients into their test tubes, we can either hope that they magically stumble on the secret formula to cure … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Up During The Asian Session Posted: 08 Mar 2011 04:45 PM PST Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday. GBP/JPY was trading at 133.88, up 0.21% at time of writing. The pair was likely to find support at 132.94, Monday's low, and resistance at 135.21, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.03% to hit 1.6156 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why The Street’s Euphoric Birthday Has Nothing To Do With A Buoyant Economy Posted: 08 Mar 2011 03:57 PM PST What a difference two years makes. On March 9, 2009 the Dow Jones Industrial Average hit the bottom — closing at a 12-year low of 6,547. Today the Dow is soaring well over 12,000.
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| Posted: 08 Mar 2011 03:55 PM PST Canada's largest telecom carrier BCE Inc.'s (NYSE:BCE) pending acquisition of CTV Network received approval from Canadian Radio-television and Telecommunications Commission ("CRTC"). BCE Inc. is a 100% subsidiary of Bell Canada.
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| Posted: 08 Mar 2011 03:55 PM PST Bloomberg recently reported that Nokia Corp. (NYSE:NOK), the largest mobile phone maker of the world, is all set to enter into a deal with Microsoft Corp. (NASDAQ:MSFT). As per the deal, Microsoft will pay approximately $1 billion to Nokia for promoting Windows Phone 7 software.
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| Posted: 08 Mar 2011 03:55 PM PST We reiterate our Neutral recommendation for Becton, Dickinson and Company (NYSE:BDX) following its mixed first-quarter fiscal 2011 financial results. Earnings for the quarter topped the Zacks Consensus Estimate but revenues fell short of forecast primarily due to a drop in domestic sales.
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| Interactive Brokers Downgraded Posted: 08 Mar 2011 03:55 PM PST We have downgraded our long-term recommendation on Interactive Brokers Group Inc. (NASDAQ:IBKR) to Underperform from Neutral based on the company's mediocre fourth quarter 2010 results.
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| United Continental Pares Growth Plans Posted: 08 Mar 2011 03:55 PM PST 03/08/11 United Continental Holdings Inc. plans to curb growth plans for 2011 and cut its domestic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up In Asian Trade Posted: 08 Mar 2011 03:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7406, up 0.16% at time of writing. The pair was likely to find support at 0.7339, Friday's low, and resistance at 0.7474, Thursday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.20% to hit 1.3627 and EUR/NZD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 03:35 PM PST Yesterday, we upgraded our recommendation on American International Group Inc. (NYSE:AIG) to Outperform from Underperform based on increased optimism about gaining capital flexibility. Despite the financial upheaval within AIG, it enjoys the leading insurer position, according to Fortune 500, given its diversified and unique franchise in both domestic and international markets.
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| The Day Ahead: US Wholesale Trade, EIA Crude Oil Inventories Posted: 08 Mar 2011 10:30 AM PST 03/08/11 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: Pullback In Commodities Takes Pressure Off Posted: 08 Mar 2011 03:18 PM PST Cusick's Corner
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| Posted: 08 Mar 2011 03:10 PM PST Plains All American Pipeline, L.P. (NYSE:PAA) announced that it has commenced the process of an underwritten public offering of 6.4 million of its common units representing limited partner interests. The partnership will allow the underwriters of the issue a window of 30 days to purchase up to 960,000 additional common units to cover over-allotments, if necessary.
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| Posted: 08 Mar 2011 03:10 PM PST We downgrade our recommendation on Citrix Systems Inc. (NASDAQ:CTXS) to Neutral based on its current valuation. Citrix is currently trading at the high-end of its 52-week price range.
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| Marriott Begins European Campaign Posted: 08 Mar 2011 03:05 PM PST Marriott International Inc. (NYSE:MAR), appears geared up to hit the European market with the launch of four new hotels in Spain. The hotels are being opened in association with Spanish hotel group AC Hotels.
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| Posted: 08 Mar 2011 03:05 PM PST InterContinental Hotels Group (NYSE:IHG), the world’s largest hotel group by number of rooms, continues to expand its footprint in Latin America with its recent 15-year licensing agreement with Shakir Investment Group, for a new-build Staybridge Suites hotel in Panama. The hotel is scheduled to open in 2012.
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| Stocks To Watch For Wednesday, March 09 Posted: 08 Mar 2011 02:47 PM PST ( click to enlarge ) eBay Inc. (NASDAQ:EBAY) – Despite the weakness in the past few weeks, the overall trend appears bullish. Only a drop below $31.11 ( 50-dma ) would be a cause of concern. On the upside, a rally towards the $33-$34 range appears likely. Existing shareholders could remain invested with a stop loss at $31.11. If the stop loss gets triggered, fresh buying may be considered on the evidence of support around the $30 level. The technical daily chart above shows the buyers are … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 02:25 PM PST Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a deal with a Chinese pharmaceutical company, WuXi PharmaTech (NYSE:WX) to conduct stability studies of new small-molecules. The studies will support the global marketing applications submitted by Bristol-Myers for the candidates.
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| Posted: 08 Mar 2011 02:25 PM PST UnitedHealth Group Inc. (NYSE:UNH) has raised an objection over the Tricare contract it had initially won but was later awarded to its competitor Humana Inc (NYSE:HUM).
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| Posted: 08 Mar 2011 02:25 PM PST Estimates have been on the rise in the last seven days after VeriFone Systems Inc. (NYSE:PAY) reported strong results for the first quarter of fiscal 2011 and upgraded guidance for fiscal 2011.
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| Posted: 08 Mar 2011 02:05 PM PST China Fire & Security Group Inc. (NASDAQ:CFSG), a leading industrial fire protection product and solution provider in China, announced that it has received a buyout offer from a global private equity firm. The company did not disclose the offer price but said that it comes at a premium over the current stock price.
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| Donaldson’s Aguascalientes Facility Posted: 08 Mar 2011 02:05 PM PST Donaldson Company Inc. (NYSE:DCI) recently announced that it will establish another manufacturing facility in Aguascalientes, Mexico.
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| Closing Bell Market Monitor: DKS, DHI Posted: 08 Mar 2011 02:00 PM PST 03/08/11 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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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 08 Mar 2011 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3903, down 0.48% 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 down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8603 and EUR/JPY rising 0.04% 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: 08 Mar 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 82.67, up 0.52% 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 up against the Euro and the British Pound, with EUR/USD shedding 0.48% to hit 1.3902 and GBP/USD falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 01:37 PM PST We reaffirm our Neutral recommendation on diagnostic products maker Gen-Probe (NASDAQ:GPRO) following its mixed fourth-quarter fiscal 2010 results. Earnings for the quarter beat the Zacks Consensus Estimate, helped by lower costs and tax. However, revenues declined 2% year over year, in part due to lower blood screening product sales, missing the forecast.
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| CB Richard Ellis To Buy ING Biz Posted: 08 Mar 2011 01:37 PM PST CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), has recently obtained $800 million of new term loans under its credit facility to fund the acquisition of the majority stake in the real estate division of ING Groep NV (NYSE:ING), a leading financial services company.
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| Boeing To Supply 747-8 To Air China Posted: 08 Mar 2011 01:37 PM PST Aerospace and defense giant The Boeing Company (NYSE:BA) announced that it has inked a deal with Air China to supply five 747-8 Intercontinental jetliners. Air China is the first Chinese carrier to book for the passenger version of the new 747-8 Intercontinental. The combined list price of the five airliners will be $1.54 billion and the expected time of delivery of the airplanes is in 2014-2015.
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 08 Mar 2011 01:25 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3904, down 0.47% 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 down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8604 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 1.03% Posted: 08 Mar 2011 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.03%, the S&P 500 index gained 0.89%, while the Nasdaq 100 index climbed 0.41%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.64%; Germany's DAX gained 0.04%; Britain's FTSE 100 declined 0.20%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 01:07 PM PST Endo Pharmaceuticals (NASDAQ:ENDP) recently received a boost when the US Food and Drug Administration (FDA) approved its oral contraceptive, Emoquette, for the prevention of pregnancy.
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| Posted: 08 Mar 2011 12:55 PM PST JA Solar Holdings Co. Ltd. (NASDAQ:JASO) and MEMC Electronic Materials Inc.'s (NYSE:WFR) affiliate, MEMC Singapore, formed a 50-50 joint venture to build and operate a solar cell production facility in China.
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| Manulife To Issue Preferred Stock Posted: 08 Mar 2011 12:55 PM PST Manulife Financial Corporation (NYSE:MFC) has announced a Canadian public offering of 8 million Non-cumulative Rate Reset Class 1 Shares Series 3 (Series 3 Preferred Shares) shares. The company priced the shares at C$25 per share. The sale proceeds of C$200 million will be used for general corporate purposes, including investments in subsidiaries.
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| Forex – GBP/USD Down During The U.S. Session Posted: 08 Mar 2011 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6154, down 0.30% at time of writing. The pair was likely to find support at 1.6126, today'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 0.19% to hit 0.8606 and GBP/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 08 Mar 2011 12:36 PM PST PulteGroup's (NYSE:PHM) preliminary signups for the first two months of 2011 has been announced this Monday, ahead of the investor meeting. The company's net signups for the two months ended February 28, 2011 totaled 2,674 homes, up 10.7% year over year from the corresponding period of 2010. Specifically speaking, January recorded 1,206 signups followed by 1,468 signups in February.
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| Mobile Computing Powers DecisionPoint Posted: 08 Mar 2011 12:36 PM PST Ken Nagy, CFA DecisionPoint (DNPI) designs, sells, installs and services voice and data communications products and systems for private networks and wireless broadband systems to a wide range of enterprise markets, including retail, transportation and logistics, manufacturing, wholesale and distribution. The combination of its blue chip portfolio of customers as well as the reverse merger combination that should close in the second quarter of 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| New Capabilities For UTX’s Sikorsky Posted: 08 Mar 2011 12:35 PM PST Sikorsky Aircraft Corp., a United Technologies Corp. (NYSE:UTX) company, has added 21 new capabilities to the S-92 medium lift helicopter.
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| Toyota’s Hybrid Sales Top 3 Million Posted: 08 Mar 2011 12:30 PM PST 03/08/11 Toyota announced Tuesday that global sales of its hybrid models topped 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Market Stays Choppy Posted: 08 Mar 2011 12:18 PM PST Cusick's Corner
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| Forex – USD/CAD Down In U.S. Trade Posted: 08 Mar 2011 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9714, down 0.18% 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 up against the Euro and the British Pound, with EUR/USD shedding 0.48% to hit 1.3903 and GBP/USD falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Current Contracting Consolidation In The SP500 Posted: 08 Mar 2011 11:22 AM PST On a short-term basis, the S&P 500 is contracting into a clean trading range between well-defined triangle or trendline boundaries you should know. First, let's look at the bigger 60-min picture which shows a clean symmetrical triangle forming in the index.
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