Friday, March 4, 2011

DailyMarkets.com - The Real Impact Of $100 Oil

DailyMarkets.com - The Real Impact Of $100 Oil


The Real Impact Of $100 Oil

Posted: 04 Mar 2011 03:35 AM PST

$100 oil is dominating the financial headlines.

Some analysts have warned $100 will stop the recovery in its tracks.

Others put the magic number between $120 and $130 per barrel.

There's no way to know for sure. But if we go beyond the headlines and designed-to-predict-the-last-crisis macroeconomic models, we can quickly see the real impact of $100 oil.

A Different Perspective

Your editor has spent the last few days in central Mexico. We traveled from the middle of the troubled … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Economic Recovery? 44 Million Americans On Food Stamps And 10 Other Reasons Why The Economy Is Simply Not Getting Better

Posted: 04 Mar 2011 03:30 AM PST

When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke?  According to newly released numbers, over 44 million Americans are now on food stamps.  That is a new all-time record and that number is 13.1% higher than it was just one year ago.  So how many Americans have to go on food stamps before we can all finally agree that the U.S. economy is dying?  50 million?  60 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down In European Trading Hours

Posted: 04 Mar 2011 03:00 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0123, down 0.23% at time of writing.

The pair was likely to find support at 1.0086, Wednesday's low, and resistance at 1.0202, Tuesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.20% to hit 1.3796 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US Stock Earnings Reveal Troubling Trend For 2011

Posted: 04 Mar 2011 02:37 AM PST

One of the big themes of 2011 is starting to be felt.

This earnings season has revealed margins are getting squeezed across a number of industries.

Rising food, oil, and metals prices are cutting into bottom line earnings. Some high-profile industry leaders are missing Wall Street's low-balled expectations. And the costly trend, which could be the catalyst for the next correction, is only going to get worse.

But investors willing to realize it and make the right moves now are going … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The European Session

Posted: 04 Mar 2011 02:20 AM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9307, down 0.10% at time of writing.

The pair was likely to find support at 0.9202, Wednesday's low, and resistance at 0.9329, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.02% to hit 1.3972 and USD/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up In European Trade

Posted: 04 Mar 2011 01:30 AM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 82.46, up 0.02% at time of writing.

The pair was likely to find support at 81.58, Wednesday's low, and resistance at 82.52, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.05% to hit 1.3962 and GBP/USD falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down In European Trading Hours

Posted: 04 Mar 2011 12:55 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3957, down 0.09% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, Thursday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8595 and EUR/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The European Session

Posted: 04 Mar 2011 12:10 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6282, up 0.03% at time of writing.

The pair was likely to find support at 1.6073, Monday's low, and resistance at 1.6344, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8574 and GBP/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: RC2 Corporation (RCRC)

Posted: 03 Mar 2011 11:05 PM PST

RC2 Corp.’s (NASDAQ:RCRC) fourth quarter 2010 earnings missed the Zacks Consensus Estimate due to lower gross margin. We remain cautious on the stock due to increasing input costs pressure and currency fluctuation risk.
Moreover, competition from private label toys and video game industry is increasing. Additionally, ordering from retailers remains conservative, thus negatively impacting the sales of the company. Hence, we are downgrading the stock from Neutral to Underperform.
Our six-month target … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Humana, Inc. (HUM)

Posted: 03 Mar 2011 11:05 PM PST

We are upgrading our recommendation on Humana, Inc. (NYSE:HUM) from Neutral to Outperform owing to higher Medicare Advantage membership on better-than-expected sales at the end of 2010. This also led to increase in Humana’s 2011 outlook, coupled with the stand-alone Prescription Drug Plan (PDP) offerings during the recently completed 2011 open enrollment period.
Humana posted impressive fourth quarter earnings, surpassing both the Zacks Consensus Estimate and the prior-year earnings, on the back … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Northern Oil And Gas, Inc.

Posted: 03 Mar 2011 11:05 PM PST

Northern Oil and Gas, Inc. (NOG) recently spiked to a new all-time high on the company’s strong Q4 results and rising crude prices. Throw in a bullish 78% growth projection and this Zacks #1 rank stock is a momentum leader.
Company Description
Northern Oil and Gas, Inc. operates as a domestic explorer of natural gas and oil primarily in the Rocky Mountains with a market cap of $1.64 billion.
With energy prices spiking on growing political conflict in the Middle East, energy stocks are in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Goodrich Corporation

Posted: 03 Mar 2011 11:05 PM PST

Goodrich Corporation (NYSE:GR) carried its strong momentum into the fourth quarter and delivered its third consecutive positive earnings surprise.
Management raised its guidance for 2011 off the strong quarter, prompting analysts to raise their estimates. It is a Zacks #2 Rank (Buy).
Goodrich also announced that it was authorized to repurchase up to $1.1 billion in stock. It also pays a dividend that yields 1.4%.
Operating Income Up 26%
The company reported fourth quarter earnings per share of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Lindsay Corp

Posted: 03 Mar 2011 11:05 PM PST

Lindsay Corp (NYSE:LNN) has been on fire after being featured as a Zacks Rank Buy in October. There was a small hiccup in the earnings outlook but things are back on track thanks to news from a competitor.
The company does not report for another few weeks but all signs points to a great announcement from this Zacks #2 Rank (Buy)
Company Description
Lindsay Corp primarily makes irrigation equipment for the agricultural markets. Additionally the company offers infrastructure and road safety products … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Asian Markets Close Higher; Nikkei Up 1.02%

Posted: 03 Mar 2011 11:00 PM PST

Forex Pros – Asian stocks were up after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index rose 1.02%, Australia's S&P/ASX 200 index gained 1.20%, while Hong Kong's Hang Seng Index was trading 1.33% up.

Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.01%, S&P 500 futures pointed to an increase of 0.01% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The Asian Session

Posted: 03 Mar 2011 10:20 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3959, down 0.08% at time of writing.

The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3971, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8575 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down In Asian Trade

Posted: 03 Mar 2011 09:50 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6276, down 0.02% at time of writing.

The pair was likely to find support at 1.6073, Monday's low, and resistance at 1.6344, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8575 and GBP/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Down In Asian Trading Hours

Posted: 03 Mar 2011 09:20 PM PST

Forex Pros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.3013, down 0.01% at time of writing.

The pair was likely to find support at 1.2727, Monday's low, and resistance at 1.3022, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.09% to hit 1.3957 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Up During Asian Trade

Posted: 03 Mar 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.9326, up 0.10% at time of writing.

The pair was likely to find support at 0.9202, Wednesday's low, and resistance at 0.9329, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.11% to hit 1.3954 and USD/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Public Sector Premium For School Teachers Is As High As 102% For Less Than A B.A. Degree

Posted: 03 Mar 2011 08:37 PM PST

Public vs. Private Full-Time Teachers in Elementary and Secondary Schools

Average Salaries, 2007-2008

Experience
Private
Public
Public Premium

 1 year or less
$32,120
$42,210
31.41%

 2 to 4 years
$34,220
$43,490
27.09%

 5 to 9 years
$38,110
$49,120
28.89%

 10 to 14 years
$41,310
$54,150
31.08%

 15 to 19 years
$42,740
$58,260
36.31%

 20 to 24 years
$43,880
$61,210
39.49%

 25 to 29 years
$42,910
$63,860
48.82%

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


Forex – EUR/GBP Down During The Asian Session

Posted: 03 Mar 2011 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8573, down 0.10% at time of writing.

The pair was likely to find support at 0.8461, Tuesday's low, and resistance at 0.8584, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.10% to hit 1.3955 and EUR/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Impending Crude Correction By Mass Rollover

Posted: 03 Mar 2011 07:55 PM PST

By Dian L. Chu

Thanks to Muammr Gaddafi's airstrikes near a Libyan oil terminal, and protests in Iran adding to the continuing chaos in Middle East and North Africa (MENA), on Wednesday, March 2, Brent oil settled at its highest level since August 2008 at $116.35 a barrel, while WTI futures on NYMEX also advanced to $102.33 per barrel.

Peace by Chavez?

However, crude oil retreated on Thursday, March 3 after Al Jazeera reported that Gadhafi had accepted a plan proposed by Venezuelan … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bloody Fools

Posted: 03 Mar 2011 07:43 PM PST

The time to buy is when there’s blood in the streets.
–Baron Nathan Rotschild
Given today’s sharp rally, I can only assume that the equity crowd — clever contrarians that they are — saw all these distressing reports and decided — for the umpteenth time since the financial crisis began — that things must be near a bottom — right?
“Gallup Reports Underemployment Surges To 19.9%, February “Jobs Situation Deteriorates”: As Bad As 2010″ (Zero Hedge)
On one hand we have the Department of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down During Asian Trade

Posted: 03 Mar 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 82.37, down 0.09% at time of writing.

The pair was likely to find support at 81.58, Wednesday's low, and resistance at 82.52, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.09% to hit 1.3957 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Looks Like A Gold Daily Cycle Top

Posted: 03 Mar 2011 07:37 PM PST

This is a daily chart of the World Gold Index (XGLD) spanning the timeframe of the previous intermediate gold cyle begun July 28 to our present day. 

Click on the chart to ENLARGE

Yesterday gold reached $1441 and appears to have peaked on day 22 of the current daily cycle. 

The first daily cycle of the previous intermediate cycle was only 19 days and concluded with a very brief touch of the 20 dma.  The following daily cycle concluded in 25 days with again, a very brief … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up In Asian Trading Hours

Posted: 03 Mar 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9729, up 0.11% at time of writing.

The pair was likely to find support at 0.9684, Tuesday's low, and resistance at 0.9790, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.11% to hit 1.3953 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Down During Asian Trade

Posted: 03 Mar 2011 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0120, down 0.26% at time of writing.

The pair was likely to find support at 1.0086, Wednesday's low, and resistance at 1.0202, Tuesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.13% to hit 1.3787 and AUD/JPY falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Thursday, March 3, 2011

Posted: 03 Mar 2011 03:01 PM PST

Stocks rallied today with the DJIA, S&P 500, and Nasdaq Composite gaining 1.6%, 1.7%, and 1.8%, respectively.  The major indexes closed near session highs.  Market breadth was good.  However, investor participation was lighter in today’s session compared to the three strong selloff sessions we have had in the last eight trading sessions.  As a result of today’s market activity we are raising the support/resistance levels on the major indexes (see … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Get Ready For Rates To Rise

Posted: 03 Mar 2011 12:34 AM PST

The latest Beige Book report shows improving conditions and scattered instances of better pricing power [emphasis added]:
Manufacturing and retail contacts across Districts reported rising input costs. Manufacturers in many Districts conveyed that they were passing through higher input costs to customers or planned to do so in the near future. Homebuilders in the Cleveland and Atlanta Districts noted rising material costs, but acknowledged little ability to pass through the costs to buyers. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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