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- PSEG Seeks Approval For Upgradation
- Earthquake Hits TI Fabs In Japan (revised)
- AUGT: Initiated At Outperform
- Bearish On Capella Education
- Quest Speaks At A Conference
- Becton Assesses Japan Quake Impact
- Housing Starts Plunge, Again
- Five Sectors To Watch For Direction
- Stocks: Why I Bought In Yesterday
- Time To Buy COV
- The New Equal Pay Day For Single Young Men
- FDS Revenue Ups, EPS Lags Estimate
- Accenture Wins IT Deal In Israel
- Forex – Dollar Broadly Higher On Japan Nuclear Warning
- Forex Trading: USDJPY Tests October 2010 Low (16 Year Lows)
- Forex Trading: USDCHF Last Line Of Defense
- Forex – GBP/USD Weakens Amid Fears Over Japan Nuclear Crisis
- Yen Rally Continues On Risk Aversion
- US Housing Starts Plunge In February, Headline PPI Red Hot On Food, Energy
- Forex – EUR/USD Hits Fresh Daily Low Amid ECB Rate Hike Doubts
- Forex Trading: EURUSD Breaks Trendline/moving Average But Fails
- Cameron-Petrobras Fortify Bond
- AUD/USD Can Go To 0.9550 Below 0.98
- Australian Dollar: Caution
- Canadian Dollar: Caution
- Flight To Safety Buyers Ignoring Gold?
- Masimo Downgraded To Neutral
- NOC To Spin Off Shipbuilding Biz
- Contract Wins For Harsco
- AmerisourceBergen Stands At Neutral
- Word From The Floor: Regional Global Fundamentals In Focus
- Forex – USD/CAD Slips On Weak U.S. Data, Oil Price Rise
- Crude Rallies On Middle East Violence
- Pressure On Yield Curves Remains Intact
- Long Term Treasury Bonds: Very Positive Backdrop
- GBP/CHF Targets 1.44 And 1.4150 After Bearish Breakout
- Sterling Construction Sees 4Q Net Income Boost
- Solid State Shares Jump On Strong Performance And Contract Boost
- Bahamas Petroleum Raises £45.6m To Pursue Exploration Plans
- I Guess These Kids Got The Message
| PSEG Seeks Approval For Upgradation Posted: 16 Mar 2011 10:05 AM PDT Public Service Enterprise Group Incorporated (NYSE:PEG) announced it will seek approval of the New Jersey Board of Utilities for the North Central Reliability Project. The aforementioned project is for upgrading transmission lines and substations from existing 138,000-volt (138kV) power to 230,000-volt (230kV) power in the northern and central regions of New Jersey.
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| Earthquake Hits TI Fabs In Japan (revised) Posted: 16 Mar 2011 10:05 AM PDT Leading analog chipmaker Texas Instruments Inc. (TXN – Analyst Report, or "TI") reported that two of its fabs in Japan have been impacted by the earthquake off the coast of that country. Share prices had held relatively stable during the day, but dropped off 2.05% after hours when the company announced the damage. The worst affected was TI's facility in Miho, Japan, which is located roughly 40 miles to the north west of Tokyo. Although the structure of the Miho building remains in tact, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Mar 2011 09:35 AM PDT Ian Gilson, CFA
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| Posted: 16 Mar 2011 09:35 AM PDT We recently downgraded our recommendation on Capella Education Company (NASDAQ:CPLA), the provider of online education, to Underperform with a price target of $48.00 following a decline in new enrollment. Earlier, we had a Neutral stance on the stock.
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| Posted: 16 Mar 2011 09:35 AM PDT Leading diagnostics company, Quest Diagnostics (NYSE:DGX) is scheduled to speak at a healthcare conference in Miami. There, the company will reaffirm its guidance for 2011 which is revenue growth of 1% with EPS of $4.25 to $4.45 in 2011.
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| Becton Assesses Japan Quake Impact Posted: 16 Mar 2011 09:35 AM PDT Medical technology company Becton, Dickinson and Company (NYSE:BDX) has commented on the impact of the devastating Japan quake on its operations in that country. The New Jersey-based company stated that all of its employees in Japan are safe and its Tokyo office is undamaged.
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| Posted: 16 Mar 2011 09:35 AM PDT Housing Starts plunged in February to a seasonally-adjusted annual rate of just 479,000 from 618,000 in January, a drop of 22.5%. As a small silver lining, the January numbers were revised higher from 596,000, so it is possible to see the decrease as 117,000, or “just” 19.6%. Relative to a year ago, they are down 20.8%.
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| Five Sectors To Watch For Direction Posted: 16 Mar 2011 09:21 AM PDT The following five sectors are garnering most of the attention from investors and the media. We take a look at each and what opportunities if any they represent. Speculation is building in the broad markets with geopolitical and natural disasters stirring the emotions of investors. At times like this we all need to step back evaluate the risk and determine if it is worthy of our money. If so, approach it with a defined strategy, if not cash is still a sector that offers safety of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stocks: Why I Bought In Yesterday Posted: 16 Mar 2011 09:16 AM PDT If you've been reading my market musings for years, you know how I love to buy when others are selling and sell when others are buying…a true contrarian at heart. Yesterday was no exception for me. I'm an early riser. 5:30 a.m. at the office is my gig, so I get PROFIT CONFIDENTIAL in my readers' hands as early as possible each day. And when I arrived Tuesday at work to see a sea of red ink across North American stock market futures, I saw more opportunity than risk. A quick … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Mar 2011 09:14 AM PDT Recent weakness across the market is beginning to open the door to great buying opportunities in the wide universe of stocks. Covidien Public (NYSE:COV) has pulled back alongside the market during the last week of trading, but remains within a strong bull trend – which makes this a perfect time to buy! Buy the Dip The daily chart of $COV shows price sold off to $50 after topping out at $53.75 earlier in the month. While this is the largest drop this stock has seen since November, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The New Equal Pay Day For Single Young Men Posted: 16 Mar 2011 09:10 AM PDT According to some research released last fall, there is now a “reverse gender wage gap” in favor of single, young (under the age of 30), childless female workers in America’s large cities that is as high as 21% in Atlanta and 20% in Memphis. Inspired by the National Committee on Pay Equity’s “Equal Pay Day” for women, I am proposing a new “Equal Pay Day for Single Young Men. For example, the average single, young male in Memphis will have to work from January 1 of 2010 until … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FDS Revenue Ups, EPS Lags Estimate Posted: 16 Mar 2011 09:05 AM PDT FactSet Research (NYSE:FDS) reported second quarter 2011 EPS of 85 cents, below the Zacks Consensus Estimate of 87 cents.
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| Accenture Wins IT Deal In Israel Posted: 16 Mar 2011 09:05 AM PDT Recently, Accenture Inc. (NYSE:ACN) won a 2-year information technology (IT) services contract from Israel Electric Corporation (IEC). Financial details were not disclosed.
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| Forex – Dollar Broadly Higher On Japan Nuclear Warning Posted: 16 Mar 2011 09:02 AM PDT Forex Pros – The U.S. dollar was broadly higher against most of its major rivals on Wednesday, after the European Union’s energy chief warned of “possible catastrophic events” at a stricken Japanese nuclear plant. During European late afternoon trade, the greenback was close to a 16-year low against the yen, with USD/JPY shedding 0.44% to hit 80.37. Earlier in the day, Günther Oettinger, the European Union’s commissioner for energy, told a European Parliament committee that a nuclear power … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDJPY Tests October 2010 Low (16 Year Lows) Posted: 16 Mar 2011 08:58 AM PDT The USDJPY is approaching the 2010 low of 80.24. A break will likely lead to further selling pressure.
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| Forex Trading: USDCHF Last Line Of Defense Posted: 16 Mar 2011 08:49 AM PDT The USDCHF is being sold off again on the flight to quality bid. Comments from EU Energy official is spoking the market and the money goes into the CHF as a result. Although USDJPY has moved lower, the CHF seems the only viable option that makes sense. I don't see how a higher Yen helps Japan. I understand the repatriation but a stronger yen is not an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Weakens Amid Fears Over Japan Nuclear Crisis Posted: 16 Mar 2011 08:47 AM PDT Forex Pros – The pound fell to a fresh daily low against the U.S. dollar on Wednesday, as risk sentiment was hit by concerns that Japan's nuclear emergency was spinning out of control. GBP/USD hit 1.6022 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.6046, shedding 0.20%. Cable was likely to find support at 1.5977, Tuesday's low and resistance at 1.6184, Tuesday's high. Japanese authorities were struggling to contain the fallout from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Yen Rally Continues On Risk Aversion Posted: 16 Mar 2011 08:45 AM PDT 03/16/11 The Japanese yen continued to rise this session as investors steered clear of risky assets on growing concerns about both Japan’s nuclear situation and unrest in the Middle … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| US Housing Starts Plunge In February, Headline PPI Red Hot On Food, Energy Posted: 16 Mar 2011 08:39 AM PDT Headline Producer Prices Red Hot in February
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| Forex – EUR/USD Hits Fresh Daily Low Amid ECB Rate Hike Doubts Posted: 16 Mar 2011 08:36 AM PDT Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, as uncertainty in global markets as a result of the nuclear crisis in Japan forced markets to reexamine the prospects for a near-term rate hike by the European Central Bank. EUR/USD hit 1.3900 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.3930, shedding 0.48%. The pair was likely to find support at 1.3854, Tuesday's low and resistance at 1.4035, the high of March 7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Breaks Trendline/moving Average But Fails Posted: 16 Mar 2011 08:35 AM PDT The EURUSD fell below trend line support AND the 100 hour MA at the 1.3917 and 1.3909 level but quickly rebounded. The market is being pushed around by headlines from Japan and even the EU energy official who said the situation in Japan was out of control (stocks fell sharply and the market sold the EURO as well), only to have that comment retracted as baseless.
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| Cameron-Petrobras Fortify Bond Posted: 16 Mar 2011 08:35 AM PDT In an effort to reinforce its presence in the Latin American energy sector, Cameron International Corporation (CAM) announced plans to invest approximately $30 million in two research and development (R&D) plants in Brazil. In this regard, the company has signed a Memorandum of Understanding (MoU) with Brazilian oil giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A.
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| AUD/USD Can Go To 0.9550 Below 0.98 Posted: 16 Mar 2011 08:28 AM PDT AUD/USD to Test 1.0070 Central Pivot - The AUD/USD had a strong 2010, and refuses to top off in 2011 so far. More and more analysts are convinced to not bet against the AUD/USD. However, price action yesterday was very strong. It is the strongest daily bearish candle since 10/19/2010.
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| Posted: 16 Mar 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Mar 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Flight To Safety Buyers Ignoring Gold? Posted: 16 Mar 2011 08:19 AM PDT Today’s Idea
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| Posted: 16 Mar 2011 08:19 AM PDT We downgrade our recommendation on Masimo Corp (NASDAQ:MASI), a leader in the pulse oximetry monitoring equipment industry, to Neutral. While fourth-quarter fiscal 2010 earnings beat the Zacks Consensus Estimate, we believe that Masimo's valuation already reflects its robust growth prospects. As a result, the stock is expected to offer limited upside potential in the near-to-medium term.
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| NOC To Spin Off Shipbuilding Biz Posted: 16 Mar 2011 08:18 AM PDT Northrop Grumman Corporation (NYSE:NOC) has received approval of the spin-off of its shipbuilding business, after much speculation, from its board of directors. The spin-off is however subject to clearance from the U.S. Securities and Exchange Commission. In July 2010, the company had announced initial plans of separation of the Shipbuilding segment and in November 2010 had suggested that the spun off unit would be christened Huntington Ingalls Industries Inc. (HII). Management believed that this … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 16 Mar 2011 08:18 AM PDT Harsco Corporation (NYSE:HSC) was recently awarded two key multi-year contract renewals from Ternium Mexico, a unit of Ternium S.A., one of the leading steel companies in Latin America. Together both the awards are projected to generate more than $225 million in revenues.
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| AmerisourceBergen Stands At Neutral Posted: 16 Mar 2011 08:18 AM PDT We maintain our Neutral recommendation on AmerisourceBergen Corporation (NYSE:ABC) following the company's first quarter fiscal 2011 performance. The reported quarter's earnings of 57 cents beat the Zacks Consensus Estimate by 4 cents and was 9.6% above the year-ago earnings.
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| Word From The Floor: Regional Global Fundamentals In Focus Posted: 16 Mar 2011 08:10 AM PDT 03/16/11 Japan’s Nikkei posted an advance, while political unrest and violence in Bahrain are in focus. US data came in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Slips On Weak U.S. Data, Oil Price Rise Posted: 16 Mar 2011 07:49 AM PDT Forex Pros – The U.S. dollar slipped lower against its Canadian counterpart on Thursday, as clashes in Bahrain saw crude oil prices rise, while uncertainty over Japan’s nuclear crisis and a dismal U.S. government report on housing weighed on sentiment. USD/CAD hit 0.9808 during European afternoon trade, the daily low; the pair subsequently consolidated at 0.9838, slipping 0.19%. The pair was likely to find support at 0.9733, Tuesday's low and resistance at 0.9900, the high of February … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Rallies On Middle East Violence Posted: 16 Mar 2011 02:40 AM PDT 03/16/11 Frontm onth crude prices rebounded this session as investors focused on escalating violence in the Middle … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Pressure On Yield Curves Remains Intact Posted: 16 Mar 2011 07:36 AM PDT The allure of bonds remained intact despite a significant rebound from panic-stricken selling in Tokyo stocks and is likely to remain intact until radiation-watch ceases to be the norm. Bonds have also found favor as signs of a downturn in growth keep cropping up. Mortgage applications during the last week failed to show a pick-up in demand despite a decline in financing costs, while a separate report showed a downturn and prospects for further weakness across the U.S. housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Long Term Treasury Bonds: Very Positive Backdrop Posted: 16 Mar 2011 07:35 AM PDT When I last looked at long term Treasury Bonds (click here and here), I stated the following: “While the bottom for TLT (or top for TBT and yields) appears to be in, it is not clear whether this will lead to a sustainable move that would cause price to break the down sloping trend line seen in figure 2. My hesitation in making the call is my (yet to be presented) intermarket bond model. This model is still bearish on bonds, but it is not unusual for it to lag the technicals … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/CHF Targets 1.44 And 1.4150 After Bearish Breakout Posted: 16 Mar 2011 07:33 AM PDT GBP/CHF - The GBP/CHF is broke below the 1.49 support, which was also the 61.8% retracement level. The 4H chart shows a extension of 161.8% of the 2/27 rally. We might pause here a little, and see a pullback. So far it has been a very week pullback. Let's see if the support at 1.4690 holds for a pullback towards 1.49, or maybe the 3/11 low at 1.4850. If not, a break below 1.4690 (close in the 4H below it) we should be suggesting bearish continuation towards 1.44.
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| Sterling Construction Sees 4Q Net Income Boost Posted: 16 Mar 2011 02:30 AM PDT 03/16/11 Sterling Construction announced a 4Q net income boost Wednesday after acquiring a rival company in the year ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Solid State Shares Jump On Strong Performance And Contract Boost Posted: 16 Mar 2011 02:50 AM PDT Shares in Solid State (LON:SSP) were the best performing on London's AIM market during trading on Wednesday after the electronics group reported that it was on course to deliver a strong performance in the second half of the year. Solid State, which supplies battery products, specialist electronic components and industrial/rugged computers to the electronics market, said all of its divisions had performed well and that its second half performance was now likely to match the first half. In the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bahamas Petroleum Raises £45.6m To Pursue Exploration Plans Posted: 16 Mar 2011 02:13 AM PDT Bahamas Petroleum (LON:BPC) , the oil and gas exploration company with licences in The Bahamas, has raised £45.6m in a two-tranche share placing with new and existing institutional investors priced at 18.75 pence per share. The cash has been earmarked to accelerate the company's exploration programme, including the acquisition of new 3D seismic data, geochemical seabed sampling and other technical work. The proceeds of the placing will also provide financial flexibility to develop … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| I Guess These Kids Got The Message Posted: 15 Mar 2011 10:10 AM PDT Here is another amusing headline with picture from this morning’s MarketWatch. Figure 1. MarketWatch Headline Wow! And those children really know how to protect themselves against a plunging stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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