Tuesday, March 15, 2011

DailyMarkets.com - Southwest Airlines Rapid Rewards Plus Credit Card Review

DailyMarkets.com - Southwest Airlines Rapid Rewards Plus Credit Card Review


Southwest Airlines Rapid Rewards Plus Credit Card Review

Posted: 15 Mar 2011 07:35 AM PDT

The All-New Southwest Airlines Rewards Plus Credit Card from Chase is a revamped credit card that, in my opinion, now has more generous rewards for Southwest Airlines (NYSE:LUV) customers, especially for business travelers, than before. Issued by JPMorgan Chase (NYSE:JPM) for people with excellent credit score, this card’s Rapid Rewards program will be maximized by those who already fly frequently on Southwest, want to earn plenty of reward points and enjoy its many other benefits.

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


Australian Dollar: Caution

Posted: 15 Mar 2011 07:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Dollar: Caution

Posted: 15 Mar 2011 07:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BofA Cuts Jobs In Consumer Banking

Posted: 15 Mar 2011 07:05 AM PDT

Bank of America Corp.(NYSE:BAC) has announced jobs cut of approximately 100 employees in its consumer and small business banking unit. The layoffs forms a part of BofA’s ongoing efforts to overhaul its consumer banking unit.
The unit is indulged in the business of branch banking, ATMs and credit and debit cards. The action is taken to manage declining revenues attributed to ending of debit card overdraft fees. BofA will also face revenue cuts as regulators will reduce debit card interchange … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stronger Demand For USD And Safe Haven Sink Gold, Oil

Posted: 15 Mar 2011 06:49 AM PDT

Commodity market suffered broadly today as US Treasuries were in sharp demand, and with gold and oil falling the world is once again in need of dollars.
Gold Falls as Investors Seek Liquidity
Gold's fall is likely due to speculators taking profits after recent gains or margin call selling to cover losses in equity and other markets.
Investors seeking liquidity closed out gold position as we saw the Nikkei-225 equity index down 14% at one point before recovering some ground to close down 11%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Family Dollar Sales Up, Guides High

Posted: 15 Mar 2011 06:36 AM PDT

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently posted healthy sales results for the second quarter ended February 26, 2011.
The company's comparable-store sales rose 5.1% for the second quarter of 2011, with net sales rising by 8.3% to $2.26 billion compared with $2.09 billion delivered in the prior-year quarter, driven by strong performance at consumable and seasonal segment.
Based in Matthews, North Carolina, Family Dollar Stores noted … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Only Thing We Have To Fear Is Fear Itself

Posted: 15 Mar 2011 06:36 AM PDT

The world media has done wonders to stir fears about potential nuclear meltdowns in Japan. Yes, it is a real possibility. Just not as likely as the headlines or glorified reporting would suggest. More importantly, its economic impact on every part of the globe outside of Japan is negligible. Maybe even a net positive as Japan would need a large stimulus plan to rebuild parts of the country.
 
Please note that I'm not trying to be callous about the personal devastation caused in Japan to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Ross Stores

Posted: 15 Mar 2011 06:36 AM PDT

Ross Stores Inc. (NASDAQ:ROST), one of the leading off-price retailers of apparels and home accessories in the United States, is scheduled to report its fourth-quarter and fiscal year 2010 financial results before the opening bell on March 17, 2011. The Zacks Consensus expectations for EPS and revenues for the quarter are currently $1.37 per share and $2,130.0 million, respectively. For fiscal 2010, the Zacks Consensus expectations for EPS and revenues are $4.61 and $7,845.0 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Gains, Safe Haven Demand Boosts Yen, Swiss Franc

Posted: 15 Mar 2011 06:31 AM PDT

Forex Pros – The U.S. dollar extended gains against most of its major rivals on Tuesday, as concerns over Japan's escalating nuclear emergency bolstered safe haven demand, lifting the greenback as well as the yen and the Swiss franc.

During European afternoon trade, the greenback was sharply lower against the yen, with USD/JPY tumbling 0.90% to hit 80.88.

Earlier in the day, an explosion at the No. 2 reactor at the Fukushima Daiichi nuclear power plant, located 155 miles northeast of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Predicting FOMC’s Response On Increasing Risk In Global Economy

Posted: 15 Mar 2011 06:27 AM PDT

Between the last FOMC meeting on January 25-26 and the next meeting on March 15, the world has changed dramatically. Middle East and North Africa revolutions fundamentally changed geopolitics. As a result, much higher risk premium on oil prices due to political uncertainties won't go away anytime soon. The severe natural disaster in Japan destroyed thousands of lives and much of the economy in that region. The disaster is pulling the third biggest economy in the world on its way back … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 15 Mar 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Japanese Yen: Under Pressure

Posted: 15 Mar 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


British Pound: Under Pressure

Posted: 15 Mar 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro: Under Pressure

Posted: 15 Mar 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AUD/NZD Completes 3-Swings Down Near The 1.35 Pivot

Posted: 15 Mar 2011 06:16 AM PDT

AUD/NZD is Exhausted Sliding Towards 1.35, 1.32 (3/10)
AUD/NZD

- The bearish scenario at least to 1.35 has materialized since our last post. Now we are faced with a support zone, and a completion of 3-swings down, which is a typical corrective structure. In Elliott Wave model, it would have been an ABCED correction. Classic chart pattern analysis identifies this as a flag pattern.
- Basically, there are reasons for a bullish attempt from 1.35, at least to test the 1.3620 pivot first before … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FX Headlines: Dollar, Yen Take Bids As Safe Havens As Japan Nuclear Crisis Worsens

Posted: 15 Mar 2011 06:15 AM PDT

Fundamental Headlines
• Kan Seeks Calm as Japan Tries to Contain Meltdown, Panic Buying – Bloomberg
• Treasurys Surge Following Nikkei Plunge – CNBC
• Fed's Next Steps Divide Economists as Asset Purchases Slow – Bloomberg
• Bahrain Declares State of Emergency – Financial Times
• Nasdaq Sounds out Bankers on NYSE Bid – Financial Times
USDJPY: The USD/JPY pair remains the most quizzical trade over the past few days considering the events in Japan. As the Dollar has gained against … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Building Resistance At The 1.6037 Level

Posted: 15 Mar 2011 06:11 AM PDT

Schwab’s Assets Soar In February

Posted: 15 Mar 2011 06:11 AM PDT

On Monday, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for February 2011, recording 3% sequential growth in total client assets, driven by increase in net new assets. At the end of February, client assets totaled $1.64 trillion, up 14% on a year-over-year basis.
Though Schwab's client trading for February was very active with daily average trades recorded at 478,000, it was down 7% sequentially but increased 21% on a year-over-year basis. In January 2011, trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Novatel Still Underperforms

Posted: 15 Mar 2011 06:08 AM PDT

We reaffirm our long-term Underperform recommendation on Novatel Wireless Inc. (NASDAQ:NVTL). Management provided a devastating financial outlook for the ensuing first quarter of 2011. Novatel cited lower sales of its 3G products and ongoing customer transition to next-generation 4G products are the primary reasons for this pathetic guidance. The recent trend of the 3G USB modem industry is indicating a glut of inventory on the part of the wireless carriers. Several industry sources predicted that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. TIC Long Term Purchases Decline Unexpectedly In January

Posted: 15 Mar 2011 06:04 AM PDT

Forex Pros – U.S. Treasury International Capital purchases fell unexpectedly in January, official data showed on Tuesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities fell to USD51.5 billion in January, after declining to USD62.5 billion in December, whose figure was revised down from USD65.9 billion..

Analysts had expected purchases of long-term securities to increase to USD72.3 billion in January.

Following the release of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Using 100 Bar MA On Intraday Chart For Bias Clues

Posted: 15 Mar 2011 06:01 AM PDT

The EURUSD has been using the 100 bar MA on the 5 minute chart as resistance today (the same moving average was used yesterday – see blue line in the chart above). The current level comes in at 1.3905.  A move above it would ease some of the downside pressure the pair has been experiencing today. Failure to breach the level should simply keep the bears in charge.
The EURUSD has been under pressure today on the back of global slowdown idea. If the global economy slows this may keep the ECB … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Before The Bell

Posted: 15 Mar 2011 06:00 AM PDT

03/15/11 A breakdown of what investors need to know prior to the open of the US equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Futures Plunge As Japan Crisis Worsens; Dow Drops 2.24%

Posted: 15 Mar 2011 05:58 AM PDT

Forex Pros – U.S. stock futures pointed to a broadly lower open on Tuesday, tracking global equities lower as mounting fears over Japan’s escalating nuclear emergency prompted a selloff in risky assets.

Dow Jones Industrial Average futures indicated a loss of 2.24%, the S&P 500 futures pointed to a drop of 2.7%, while Nasdaq 100 futures implied a loss of 3.05%.

Earlier in the day, Japan’s Prime Minister Naoto Kan warned that radiation levels had become "significantly" higher around … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Intermarket Fallout From Japan Nuclear Situation

Posted: 15 Mar 2011 05:57 AM PDT

News travels fast across today's highly correlated intermarkets (namely Gold, Oil, Stocks, Treasuries, and the US Dollar Index – along with corresponding related markets) and when news is tremendously bad, fall-out in the cross-markets takes a rapid "Risk-Off" effect.
Let's do a pre-market morning update on the four main cross-markets and how this changes the picture on the daily charts should these levels hold (or deteriorate):

(Click for full-size image)
As of 45-minutes until the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Looks Toward 100 Day MA And Finds Sellers

Posted: 15 Mar 2011 05:50 AM PDT

The 100 day MA is at the 0.9984 level today. The price just got with 10 pips of that level and found some profit taking/new sellers against the level. The USDCAD has been surging higher today on the back of sharp decline in oil on global growth slowdown story. 
ON the downside, if the 0.9932 level can find buyers (last leg to the upside) , the market is likely still short.  Watch action at this level. Other support at 0.9919.   
The trend is higher today. Trends are … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nuclear Incident In Japan Sends Currency Traders To Safety, Risk “Off” Bets

Posted: 15 Mar 2011 05:46 AM PDT

Stock markets around the globe were hammered in Asia and Europe, and are set to open much lower in the US.
The Nikkei 225 crashed 10.5% in today's overnight session and was down as much as 14.5% at one point. Adding that with the 6% drop in Monday's session, we see panic selling in that market. The sell off comes as there was another explosion at the Fukushima nuclear power plant, where 3 of the 4 reactors have had some kind of explosions. Overnight, Prime Minister Naoto Kan said a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Pound Extends Losses Vs. Dollar Amid Japan Crisis

Posted: 15 Mar 2011 05:42 AM PDT

Forex Pros – The pound extended losses against the broadly stronger U.S. dollar on Tuesday, amid mounting fears of a radiation catastrophe in Japan following last week’s devastating earthquake.

GBP/USD hit 1.5979 during European afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.5993, tumbling 1.10%.

Cable was likely to find support at 1.5819, the low of January 31 and resistance at 1.6199, Monday's high.

Earlier in the day, an explosion at the No. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Praxair Invests In Tennessee Plant

Posted: 15 Mar 2011 05:37 AM PDT

Praxair Inc. (NYSE:PX) recently announced plans to expand the capacity of its Memphis, Tennessee, air separation complex to satisfy the needs of oxygen and nitrogen of Nucor Corporation and Valero Energy Corporation.
Through this expansion plan, the company targets to add daily liquid production capacity of approximately 400 tons, which will nearly double the capacity of the complex. This extension scheme apart, the company has completed the construction of a pipeline in the Riverport area while a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Empire State Manufacturing Index Rises More-than-expected

Posted: 15 Mar 2011 05:33 AM PDT

Forex Pros – The New York Federal Reserve's index of manufacturing conditions rose more-than-expected in March, official data showed on Tuesday.

In a report, the Federal Reserve Bank of New York said that its general business conditions index rose to 17.5 in March, after rising to 15.4 in February.

Analysts had expected the index to rise to 16.5 in March.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

According to the data, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/JPY’s Elliott Wave Counts; 125.50-126.50 Zone In Sight

Posted: 15 Mar 2011 05:30 AM PDT

GBP/JPY Has Key Resistance at 138.20 (3/14)
GBP/JPY

- Yesterday, the market was in a rally after being rejected from dipping below 129.70 area. The 129.50-129.70 area remains support.
- As far as structure, we are likely now starting a wave 3, but probably just the first leg of it. The market might still have trouble with the 129.50 area, 61.8% retracement. The RSI also shows oversold conditions, which is bullish in the near and short term but is bearish in the longer term.
- Therefore, we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Given Product Ok’d For Further Use

Posted: 15 Mar 2011 05:25 AM PDT

Given Imaging (NASDAQ:GIVN), a producer of gastrointestinal products and a developer of capsule endoscopy, recently announced that the Food and Drug Administration ("FDA") provided updated clearance for its PillCam SB video capsule, including a clearance to encourage its usage for checking lesions that may indicate Crohn's disease.
The PillCam SB capsule has been marketed since 2001 for visualization of the small bowel mucosa. It can be employed as a tool for detecting abnormalities in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Extends Losses Amid Risk Aversion On Japan Fears

Posted: 15 Mar 2011 05:15 AM PDT

Forex Pros – The euro extended losses against the U.S. dollar on Tuesday, falling to a fresh two-day low, as investors sought refuge in traditional safe haven currencies amid growing fears over Japan's escalating nuclear crisis.

EUR/USD hit 1.3856 during European early afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 1.3906, shedding 0.60%.

The pair was likely to find support at 1.3751, Friday'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


GBP/USD In A Sling Shot And Possible Zig Zag

Posted: 15 Mar 2011 05:06 AM PDT

GBP/USD is Forming Inverse Head and Shoulder…(3/14)
GBP/USD

- The cable formed an inverse head and shoulder and a rally pushed through the 1.6150 resistance almost touching 1.62 where the 61.8% retracement resided. We mentioned in our last post that the market can extend to this level and maintain a bearish mode.
- In the 1H chart, we see the market in a second test of the SMA 200, which respected it as resistance and followed through with a sharp decline. When the market crosses the moving … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Still In Consolidation; Triangle And Wave Count

Posted: 15 Mar 2011 04:38 AM PDT

EUR/USD in a Bullish Swing Targeting 1.4130 (3/14)
EUR/USD

- Following up on yesterday's post on the EUR/USD, we saw a failure to reach the 1.4040 high, with the market stalling at 1.40 before sliding. Although not shown here, the market retraced 61.8% near 1.3850. Yesterday, we mentioned a break below 1.39 spelled trouble for the bullish swing, and indeed we should be seeing the EUR/USD consolidate further, possibly in a triangle.
- The ABC correction could be just an A leg. We could have … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Tumbles Amid Growing Fears Over Japan Nuclear Crisis

Posted: 15 Mar 2011 03:53 AM PDT

Forex Pros – The euro tumbled against the yen on Tuesday, after Japan’s prime minister said radiation levels near a quake-stricken nuclear plant had become high following an explosion, prompting a broad flight to safety.

EUR/JPY hit 112.81 during European morning trade, the daily low; the pair subsequently consolidated at 112.89, tumbling 1.13%.

The pair was likely to find support at 111.94, the low of February 28 and resistance at 114.82, Monday's high.

Earlier in the day, an explosion … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Stocks Plunge On Japan Crisis; DAX Tumbles 4.8%

Posted: 15 Mar 2011 03:23 AM PDT

Forex Pros – European stock markets plunged on Tuesday, as mounting fears over Japan’s escalating nuclear crisis sparked a global selloff in equities, while U.S. futures indexes pointed to a sharply lower open on Wall Street.

During European morning trade, the EURO STOXX 50 dropped 3.46%, France's CAC 40 tumbled 3.33%, while Germany’s DAX plunged 4.83%.

Earlier in the day, Japan’s Prime Minister Naoto Kan warned that radiation levels had become "significantly" higher around the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Avanti Communications Prepares To Begin Operating Hylas 1 Satellite

Posted: 15 Mar 2011 12:50 AM PDT

Broadband satellite operator Avanti Communications (LON:AVN) has formally completed in-orbit testing of its Hylas 1 satellite, which was launched last November. The testing process has apparently confirmed that Hylas 1 is working in line with its original specification and, in some areas, delivering a higher performance. The satellite lifetime is expected to be at least six months greater than planned and the available power is several percentage points better than specification. Avanti said … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FTSE 100 Prepares For Rout As Asian Markets Plunge

Posted: 14 Mar 2011 10:49 PM PDT

Overnight, reports that the Tokyo Electric Power’s nuclear plant was hit by more explosions  rocked financial markets across Asia. While the reactors are said to be intact, the third explosion in four days hammered the Nikkei 225 down 8.3% at the time of writing and with the FTSE 100 Index Futures currently pricing in a 2.4% fall before the open, investors worldwide are bracing themselves for continued equity index falls. Radiation levels have been reported as rising far above the legal … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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