DailyMarkets.com - US Consumers Using Their Credit Cards More Wisely In 4Q
DailyMarkets.com - US Consumers Using Their Credit Cards More Wisely In 4Q |
- US Consumers Using Their Credit Cards More Wisely In 4Q
- Adidas Fashions A Strong 4Q Despite Decline In Net Profit
- A Rotary Talk
- GBP/JPY Should Consolidate Further; Wave Count Adjustment
- Forex Trading: EURUSD Continues Move Higher
- U.S. Stocks Modestly Higher After ADP; Dow Up 0.24%
- Crude Remains Above $100
- Stock Market Down Yesterday? Here’s How I Made Money in It
- Big 5 Hurt By One Less Week In 2010
- Exactech 4Q EPS Meets, Rev Beats
- Stocks To Trade For Wednesday
- Dow Chemicals’ New Division
- Stock Market News Briefs: AutoZone, Boston Scientific, Carnival, Deutsche Bank AG, Eastman Chemical Company, J P Morgan Chase & Co, Lorillard, Inc, Veriphone Holdings, TiVo, Universal Health Services
- Key Trendline Price Level To Watch In US Dollar Index
- Forex – USD/CAD Hits Daily Low As Mideast Tensions Fuel Oil Rally
- Before The Bell
- Swiss Franc: Under Pressure
- Japanese Yen: Under Pressure
- British Pound: The Downside Prevails
- Euro: Under Pressure
- EUR Up On Trichet, GBP Lifted By Data, Higher Oil Weighs On USD
- NZD/USD To Test The 0.7342 Pivot; Some Bearish Scenarios
- CIT Reduces $500 Million Of Debt
- McGraw-Hill Purchases Bookette
- Brown-Forman Agrees To Sell Fetzer
- Forex – USD/CHF Touches Record Low As Crude Tops USD100
- Forex Trading: EURUSD Breaks Higher…
- Dollar Spikes After ADP Jobs Optimism
- USD/CAD’s Support Levels Below 0.97
- Canadian RMPI Rises Significantly Less-than-expected In January
- 8 Miners Whose Overhead Resistance Has VANISHED
- U.S. ADP Non-farm Payrolls Rise More-than-expected In February
- Iomart Makes Headway In The Cloud With New Contract Wins
- Still A Headwind
| US Consumers Using Their Credit Cards More Wisely In 4Q Posted: 02 Mar 2011 07:29 AM PST Are US consumers becoming more responsible with their credit card use now compared to a year ago? Many consumers use their credit cards during the holiday season without increasing their balance, and the delinquency rate for credit card accounts actually declined to the lowest point in 15 years, according to the latest 4Q report from the credit rating bureau TransUnion. Using information from 27 million random TransUnion credit reports, which is about 10% of their database, they found that … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Adidas Fashions A Strong 4Q Despite Decline In Net Profit Posted: 02 Mar 2011 07:15 AM PST 03/02/11 Despite higher operating expenses, Adidas AG announced improved sales and revenue during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 07:13 AM PST What follows are partial notes for a talk to the Dallas Rotary Club today,
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| GBP/JPY Should Consolidate Further; Wave Count Adjustment Posted: 02 Mar 2011 07:13 AM PST GBP/JPY's Short-term Elliott Wave Count (2/28) - The Sterling-Yen is consolidating, and the wave counts suggest we are still in the middle of it.
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| Forex Trading: EURUSD Continues Move Higher Posted: 02 Mar 2011 07:11 AM PST The EURUSD has continued its move to the upside as price corrections continue to find buyers at the key levels and shorts are forced to cover. The market broke above the trendline resistance at the 1.3840 level and although the correction moved to a low of 1.3838, that was short lived and the marekt surged to new highs for 2011.
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| U.S. Stocks Modestly Higher After ADP; Dow Up 0.24% Posted: 02 Mar 2011 07:06 AM PST Forex Pros – U.S. stock markets were modestly higher after the open on Wednesday, after upbeat data on U.S. non-farm private employment, however gains were capped as oil prices surged above USD100 a barrel. During early U.S. trade, the Dow Jones Industrial Average added 0.24%, the S&P 500 index rose 0.28%, while the Nasdaq Composite index climbed 0.42%. Earlier in the day, payroll processing firm ADP said U.S. private sector employment rose by 217,000 in February, better than the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 02:00 AM PST 03/02/11 Another session of losses for the US dollar and growing turmoil in oil producing nations in the Middle East have paved the way for front month crude prices to remains above … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Down Yesterday? Here’s How I Made Money in It Posted: 02 Mar 2011 06:59 AM PST There's an air of nervousness in the stock market today after the market's triple-digit dive Tuesday. I want to give my readers a good feeling of where we are with stocks. The yield on the U.S. 10-year Treasury has been rising, but it is still below the four-percent level needed before we see money leaving the stock market for the bond market. I'm watching this risk closely, but this is more of a medium- to longer-term risk. The problems in the Middle East with civil unrest could … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Big 5 Hurt By One Less Week In 2010 Posted: 02 Mar 2011 06:55 AM PST Big 5 Sporting Goods Corp. (NASDAQ:BGFV) reported fourth quarter 2010 earnings per share of 25 cents, beating the Zacks Consensus Estimate by 2 cents, but declining 21.9% from 32 cents per share reported in the same quarter last year. We however note that fiscal 2010 comprised 52 weeks as against 53 weeks in the previous year.
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| Exactech 4Q EPS Meets, Rev Beats Posted: 02 Mar 2011 06:55 AM PST Exactech (NASDAQ:EXAC), which develops and markets orthopedic implant devices, reported fourth-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 23 cents, matching the Zacks Consensus Estimate and trailing the year-ago earnings of a quarter. The company stated adjusted earnings of 86 cents per share for fiscal 2010, missing both the Zacks Consensus Estimate of 90 cents as well as the year-ago earnings of $1.03.
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| Posted: 02 Mar 2011 06:48 AM PST Tuesday's market started off marginally higher only to reverse on heavy volume in typical bear market fashion. This is not to say our bullish trend has been completely broken but it is starting to look very shaky. The good news is we are still above our key support level the 50 day moving average on all the major indices but the bad news is we had a heavy volume bearish engulfing pattern on the key indices. This could be telling us we could have another couple days of sell off ahead … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 06:36 AM PST Chemical giant The Dow Chemical Company (DOW) announced plans to house its plastics business in a new division, "Performance Plastics unit", which will serve customers in personal hygiene, food, telecommunications and other highly profitable sectors.
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| Posted: 02 Mar 2011 06:36 AM PST AutoZone (NYSE:AZO) reported Q2 EPS of $3.34, ahead of the Zacks Consensus Estimate of $3.06 per share. Revenues for the quarter rose 10.3% year-over-year to $1.66 billion, above the Zacks Consensus Estimate of $1.631 billion TiVO (NASDAQ:TIVO) reported a Q4 loss of $0.30 per share, higher than the Zacks Consensus Estimate for a loss of $0.28 per share. Revenues for the quarter fell 19% year-over-year to $55.8 million, above the Zacks Consensus Estimate of $53.0 million Verifone … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Key Trendline Price Level To Watch In US Dollar Index Posted: 02 Mar 2011 06:35 AM PST The US Dollar Index continues to flirt with a long-term (3-year) Trendline and critical support level which traders are watching very closely. We're seeing the US Dollar Index ($DXY) on the Daily Scale (though a weekly would work just fine) from the early 2008 bottom (just after the Stock Market Peak) to the present new highs in the S&P 500 (last week).
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| Forex – USD/CAD Hits Daily Low As Mideast Tensions Fuel Oil Rally Posted: 02 Mar 2011 06:31 AM PST Forex Pros – The U.S. dollar fell to a daily low against its Canadian counterpart on Wednesday, as crude oil, Canada's largest export, climbed above USD100 a barrel amid fears over growing signs of unrest in Saudi Arabia. USD/CAD hit 0.9714 during European late afternoon trade, the daily low; the pair subsequently consolidated at 0.9728, shedding 0.16%. The pair was likely to find support at 0.9681, Tuesday's low and a 39-month low and resistance at 0.9788, Monday's high. Crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 01:25 AM PST 03/02/11 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
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| Posted: 02 Mar 2011 06:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 06:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| British Pound: The Downside Prevails Posted: 02 Mar 2011 06:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 06:18 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR Up On Trichet, GBP Lifted By Data, Higher Oil Weighs On USD Posted: 02 Mar 2011 06:15 AM PST Euro Climbs on Trichet Expectations
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| NZD/USD To Test The 0.7342 Pivot; Some Bearish Scenarios Posted: 02 Mar 2011 06:10 AM PST NZD/USD - The NZD/USD can be seen in the 4H chart as bearish. The RSI tagged bel0w 30 again, while failing to break above 70. It did break above 60, but that was quickly reversed.
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| CIT Reduces $500 Million Of Debt Posted: 02 Mar 2011 06:07 AM PST On Tuesday, CIT Group Inc. (NYSE:CIT) announced that it will repay an additional $500 million of 7% Series A second lien notes maturing in 2013. As per the terms, the company has set the redemption price at 102% of the total principal amount.
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| McGraw-Hill Purchases Bookette Posted: 02 Mar 2011 06:07 AM PST McGraw-Hill Education a unit of The McGraw-Hill Companies Inc. (NYSE:MHP), recently purchased Bookette Software, a privately held company producing software for the expansion, supervision and scoring of online course assessment. The financial terms of the deal were not disclosed.
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| Brown-Forman Agrees To Sell Fetzer Posted: 02 Mar 2011 06:07 AM PST One of the leading producers and distributors of premium alcoholic beverages in the world Brown-Forman Corporation (BF.B), in its streak to optimize shareholders’ return, has agreed to sell its Hopland, California based wine asset, Fetzer Vineyards to Vina Concha y Toro S.A., a Chilean wine producer for $238.0 million.
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| Forex – USD/CHF Touches Record Low As Crude Tops USD100 Posted: 02 Mar 2011 06:03 AM PST Forex Pros – The U.S. dollar extended losses against the Swiss franc on Wednesday, touching the pair's all-time low as crude oil prices surged past USD100 a barrel and markets awaited new testimony from Federal Reserve Chairman Ben Bernanke about the state of the U.S. economy. USD/CHF hit 0.9228 during European afternoon trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9243, shedding 0.45%. The pair was likely to find short-term support at 0.9227, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Breaks Higher… Posted: 02 Mar 2011 06:00 AM PST The EURUSD has broken above the underside of trendline resistance to new highs for the week (the high has also taken the price above the February/2011 high price at 1.3861). That break level came in at the 1.3840 level and the level should now act as support for the pair. If the 1.3840 level gives way, the break to the upside will lose some credibility and may result in a move back to to the downside.
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| Dollar Spikes After ADP Jobs Optimism Posted: 02 Mar 2011 05:58 AM PST Risk appetite has swung from off-to-on throughout the European session. Investors initially embraced the dollar following a resurgence of weakness in equity prices, inspired in turn by a resumption of foul play in the crude oil market. But a couple of key pieces of European data have pushed back the dollar’s attempt at a rally and at the same time the U.S. market appears set to open on an improved footing this morning. An ADP report showing a healthy rebound in private sector employment in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CAD’s Support Levels Below 0.97 Posted: 02 Mar 2011 05:43 AM PST USD/CAD Forms Another Descending Triangle (2/24) - The USD/CAD indeed broke below a descending triangle with support at 0.9820, and psychological support at 0.98.
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| Canadian RMPI Rises Significantly Less-than-expected In January Posted: 02 Mar 2011 05:38 AM PST Forex Pros – Canada’s raw materials price index rose significantly less-than-expected in January, official data showed on Wednesday. In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 0.3% in January, after increasing by 4.2% in December. Analysts had expected the raw materials purchase price index to rise by 3.2% in January. The report said the increase was due to higher prices for petroleum and coal products and metal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 8 Miners Whose Overhead Resistance Has VANISHED Posted: 02 Mar 2011 05:23 AM PST I have been looking forward to writing this post for some time now. I knew (believed) this day would come and it is finally here. As gold and silver have now made new all time highs, the list of miners also making new all time highs is just beginning to take shape. I expect this list will grow considerably over the next couple of months, but here are the early leaders in the race for reaching heights never before seen. Indeed, this present list would be longer if I included … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. ADP Non-farm Payrolls Rise More-than-expected In February Posted: 02 Mar 2011 05:20 AM PST Forex Pros – U.S. non-farm private employment rose more-than-expected in February, industry data showed on Wednesday. In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 217K in February, after rising by 189K in January, whose figure was revised up from 187K. Analysts had expected non-farm private sector employment to increase by 175K in February. The report said employment in the service-providing sector rose by 202K in February, marking … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Iomart Makes Headway In The Cloud With New Contract Wins Posted: 02 Mar 2011 12:54 AM PST Iomart (LON:IOM) , the AIM listed Cloud computing and managed hosting services company, said this morning that it was seeing strong demand through its iomart Hosting business for the outsourcing of IT services to the Cloud. In an update ahead of a trading statement expected later this month, iomart said the hosting operation was closing between 30 to 40 new orders per month from both new and existing customers and had won several significant new contracts in the past few months. The iomart … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Mar 2011 10:07 AM PST Strong and rising trends in CRB Index, gold, and yields on the 10 year Treasury persist, and collectively, this represents a headwind for equities. I last highlighted our composite indicator constructed from the trends in the CRB index, gold, and yields on the 10 year Treasury on February 18, 2011. Below I provide some links to a strategy that utilizes this indicator as a fundamental filter with the simple 40 week moving average on the SP500. To review the strategy and its … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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