DailyMarkets.com - American Hellholes
DailyMarkets.com - American Hellholes |
- American Hellholes
- Forex – GBP/JPY Down During The Asian Session
- Forex – EUR/USD Down In Asian Trade
- Stock Market Summary For Monday, April 25, 2011 CCJ Update
- CNH Global Beats Estimates
- GATX Misses On Bottom Line
- Cytec-Lockheed Extend Deal
- Fools’ Errand?
- Forex – USD/JPY Down During Asian Trade
- Polycom Beats, Outlook Bright
- Raytheon Gets Army Contract
- Alliance Data Beats, Ups Outlook
- Earnings Preview: Coach
- Airlines Battle Climbing Fuel Prices
- Earnings Preview: Roper Industries
- Forex – NZD/USD Up In Asian Trade
- The Day Ahead: Earnings – 3M, Amazon.com, Coca-Cola, Delta Air Lines, Ford, UPS, US Steel; US Consumer Confidence, S&P Case-Shiller HPI
- Hot Option Plays: Technical Indicators Signal Lack Of Bullish Conviction
- Blackstone Ahead Of Estimates
- General Dynamics Adds To Its Kitty
- Sonoco Reports Strongest Quarter
- Surprisingly Strong Earnings
- Danaher Beats Estimates
- JetBlue Meets EPS, Beats Revenue
- New Gas Contracts Energize ICE
- Earnings Preview: CB Richard Ellis
- Johnson Controls Beats By 1c
- Closing Bell Market Monitor: KMB, ABX, NFLX
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- TCF Reports In Line Results
- Earnings Preview: Ecolab
- SunPower Powers Tucson
- Covidien Tops Ests, Ups View
- BlackRock Outpaces Expectations
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Hot Option Plays: Market Has Gas In Tank
- U.S. Markets Mixed At Close; Dow Jones Down 0.21%
- CYTR: Initiating With An Outperform
- Dejour Announces Initial Drilling Program At South Rangely In Colorado
- Earnings Preview: Tellabs
- Forex Trading: USDCAD Corrects Higher But So Far The Gains Are Limited
- Forex – GBP/USD Down During The U.S. Session
- 1979-2007: Rich Got Richer, Poor Got Richer
- CYTR: Initiating With An Outperform
- PetroChina Upgraded To Outperform
- Weatherford Misses Ests
- Earnings Scorecard: Mattel
- Consolidations In The EUR/JPY And GBP/JPY
- Forex – USD/CAD Up In U.S. Trade
- Steel Production, Shipments Rebound
- NYSE Disappoints NASDAQ-ICE Again
- EIA Reports Bullish Inventory Data
- Canadian Solar Gets Supply Contract
- Sluggish Start For Amsurg
- Alexion Tops On All Fronts
- Glaxo And Valeant Respond To CRL
- Forex – EUR/USD Up In U.S. Trading Hours
- USD/ZAR Sees Important Pivot Ahead At 6.820
| Posted: 25 Apr 2011 05:50 PM PDT The U.S. economy is dying and we are heading for the next Great Depression. The talking heads in the mainstream media love to spin the economic numbers around and around and they love to make it sound like the economy is improving, but the truth is that it doesn’t take a genius to see what is happening to the U.S. economic system. All over the nation many of our greatest cities are being slowly but surely transformed into post-apocalyptic wastelands. All over the mid-Atlantic, all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/JPY Down During The Asian Session Posted: 25 Apr 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 134.49, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 134.39, today’s low, and resistance at 135.96, Thursday’s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.28% to hit 1.6452 and EUR/GBP falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down In Asian Trade Posted: 25 Apr 2011 05:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4544, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.4515, Thursday’s low, and resistance at 1.4648, Thursday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8822 and EUR/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stock Market Summary For Monday, April 25, 2011 CCJ Update Posted: 25 Apr 2011 04:56 PM PDT We closed the position in Cameco (symbol: CCJ) we added to the watch list on Tuesday, April 12, 2011 at today’s market open price of $29.93. We added the position in CCJ at $27.65. While on the watch list CCJ returned 5.7% in 13 days. We have one position remaining in CCJ on the watch … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 04:35 PM PDT CNH Global N.V. (NYSE:CNH) posted a net income before restructuring and exceptional items of $138 million or 57 cents per share in the first quarter of 2011, which soared from a net income of $38 million or 16 cents in the year-earlier quarter. The earnings results were ahead of the Zacks Consensus Estimate of 43 cents per share.
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| Posted: 25 Apr 2011 04:35 PM PDT GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, reported first quarter 2011 adjusted earnings of 28 cents per share, which missed the Zacks Consensus Estimate of 32 cents and was below adjusted earnings of 42 cents in the year-ago quarter.
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| Posted: 25 Apr 2011 04:35 PM PDT Cytec Industries Inc. (NYSE:CYT) has extended a contract with Lockheed Martin Corporation (NYSE:LMT) to deliver high-performance, structural composite and adhesive materials that are utilized for the manufacture of the multinational Joint Strike Fighter (JSF). The contract is extended for the period 2016 through 2020 and is expected to generate revenues of approximately $1.1 billion.
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| Posted: 25 Apr 2011 04:27 PM PDT Every once in a while I like to post a collection of recent reports that should, in theory, help to undermine the enthusiasm that so many in Washington and on Wall Street have for the notion that the U.S. economy is ‘recovering.’
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| Forex – USD/JPY Down During Asian Trade Posted: 25 Apr 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.76, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 81.62, Thursday’s low, and resistance at 83.10, Wednesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.03% to hit 1.4577 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 04:05 PM PDT Polycom Inc. (NASDAQ:PLCM) declared excellent first quarter 2011 financial results. Despite facing a typical weak first quarter seasonality and competitive pressure from its larger rival Cisco System Inc. (NASDAQ:CSCO), which acquired Tandberg TV, Polycom's industry leading unified collaborative solutions have received huge market traction in the emerging markets of China and India.
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| Posted: 25 Apr 2011 04:05 PM PDT Raytheon Company (NYSE:RTN) has received a $173 million U.S. Army contract for the production of Excalibur precision-guided projectile rounds. First introduced in 2007, Excalibur is a 155 mm precision-guided artillery round with an extended range that is currently in use by the U.S. Army and Marine Corps.
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| Alliance Data Beats, Ups Outlook Posted: 25 Apr 2011 04:05 PM PDT Alliance Data Systems Corporation (NYSE:ADS) reported adjusted earnings of $2.03 per share for first quarter 2011, substantially ahead of the Zacks Consensus estimate of $1.54. Results increased 47% year over year and exceeded the company’s guidance of $1.65. Adjusted net income for the quarter was $112.6 million, improving 47% from $76.5 million reported in first-quarter 2010.
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| Posted: 25 Apr 2011 04:05 PM PDT Coach Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, is scheduled to report its third-quarter 2011 financial results on April 26, 2011. The current Zacks Consensus Estimate for the quarter is 60 cents a share. For the quarter, revenue is $948 million, according to the Zacks Consensus Estimate.
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| Airlines Battle Climbing Fuel Prices Posted: 25 Apr 2011 03:55 PM PDT 04/25/11 US airlines are battling the increase in fuel prices. Some carriers are raising ticket prices, while other airlines are curbing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Earnings Preview: Roper Industries Posted: 25 Apr 2011 03:35 PM PDT Roper Industries Inc. (NYSE:ROP) is scheduled to announce its first quarter 2011 results before the market opens on April 26, 2011. Roper designs, manufactures and distributes specialty industrial controls, fluid handling and analytical instrumentation products worldwide.
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| Forex – NZD/USD Up In Asian Trade Posted: 25 Apr 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8002, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.7900, Wednesday’s low, and resistance at 0.8038, Monday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.04% to hit 1.3408 and EUR/NZD falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 10:20 AM PDT 04/25/11 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 Balance Transfer Credit Cards
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| Hot Option Plays: Technical Indicators Signal Lack Of Bullish Conviction Posted: 25 Apr 2011 03:18 PM PDT Cusick’s Corner
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| Posted: 25 Apr 2011 03:10 PM PDT Blackstone Group's (NYSE:BX) first-quarter 2011 economic net income (ENI) of 51 cents per share outpaced the Zacks Consensus Estimate of 41 cents. It also surpassed the prior-year quarter's ENI of 32 cents.
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| General Dynamics Adds To Its Kitty Posted: 25 Apr 2011 03:10 PM PDT Defense and aerospace company General Dynamics Corporation (NYSE:GD) said that one of its business units has received a $37 million contract to demilitarize and recycle weapons and munitions for the U.S. Army.
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| Sonoco Reports Strongest Quarter Posted: 25 Apr 2011 03:06 PM PDT Sonoco Products Co. (NYSE:SON) registered its strongest first quarter results delivering an EPS of 56 cents in the quarter up 17% from 48 cents in the prior year quarter, but missing the Zacks Consensus Estimate by a penny.
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| Posted: 25 Apr 2011 03:06 PM PDT The first quarter earnings season is off to a strong start. We now have 147 (29.4%) of S&P 500 reports in. That actually understates things a bit, since the firms that have already reported are larger and more profitable than average and represent 43.0% of the total expected earnings for the quarter. It will pick up steam this week, when 181 members of the S&P 500 are due to report. We have enough of a sample now to be pretty sure this will be a good earnings season. So far, we have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 02:35 PM PDT Danaher Corporation (NYSE:DHR) reported first quarter 2011 earnings per share from continuing operations of 61 cents, exceeding the Zacks Consensus Estimate of 57 cents. This reflected a year-over-year increase of 42%.
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| JetBlue Meets EPS, Beats Revenue Posted: 25 Apr 2011 02:35 PM PDT JetBlue Airways Corporation (NASDAQ:JBLU), a top discount airline, reported first quarter earnings of a penny per share. The reported result was at par with the Zacks Consensus Estimate and a full 100% above the year-ago quarter.
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| New Gas Contracts Energize ICE Posted: 25 Apr 2011 02:25 PM PDT Last Thursday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 19 global over-the-counter (OTC) cleared natural gas products from May 16, 2011. Along with the products announced last week, ICE will now be offering over 420 OTC energy contracts, including more than 325 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
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| Earnings Preview: CB Richard Ellis Posted: 25 Apr 2011 02:25 PM PDT CB Richard Ellis Group, Inc. (NYSE:CBG), a commercial real estate investment firm, is scheduled to report its fiscal 2011 first quarter earnings after the closing bell on April 26, 2011. The current Zacks Consensus Estimate for the first quarter is 12 cents per share, representing significant year-over-year growth.
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| Posted: 25 Apr 2011 02:05 PM PDT Johnson Controls Inc. (NYSE:JCI) reported a 31% increase in profit to $383 million (excluding non-recurring items) in the second quarter of fiscal 2011 from $292 million (excluding non-recurring items) in the same quarter of previous year. On earnings per share, profits improved 30% to 56 cents from 43 cents per share in the prior year, beating the Zacks Consensus Estimate by a penny.
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| Closing Bell Market Monitor: KMB, ABX, NFLX Posted: 25 Apr 2011 02:00 PM PDT 04/25/11 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 Balance Transfer Credit Cards
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 25 Apr 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4578, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.4355, Wednesday’s low, and resistance at 1.4648, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8837 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 25 Apr 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.73, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 81.62, Thursday’s low, and resistance at 83.10, Wednesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.10% to hit 1.4577 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 01:37 PM PDT TCF Financial Corporation's (NYSE:TCB) first quarter 2011 earnings came in at 20 cents per share, in line with the Zacks Consensus Estimate. This compares unfavorably with the earnings of 22 cents in the prior quarter and 26 cents in the prior-year quarter. Net income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 01:37 PM PDT Leading cleaning and sanitation products maker Ecolab Inc (NYSE:ECL) is slated to release its first-quarter fiscal 2011 results on April 26. The Minnesota-based company expects adjusted earnings between 42 cents and 45 cents a share. The current Zacks Consensus Estimate for the quarter is 44 cents, representing an estimated 7.32% annualized growth.
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| Posted: 25 Apr 2011 01:37 PM PDT Tucson Water Department, Trico Electric Cooperative Inc. and SunPower Corp. (SPWRA) recently dedicated a 1-megawatt, ground-mounted solar power system to the City of Tucson, Arizona. This power system doubles the capacity of the solar power system of the city.
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| Posted: 25 Apr 2011 01:37 PM PDT International medical technology giant Covidien plc (NYSE:COV) reported second-quarter fiscal 2011 (ended March 25) adjusted earnings per share (from continuing operation) of 93 cents, topping the Zacks Consensus Estimate of 89 cents and surpassing the year-ago earnings of 86 cents. Adjusted earnings exclude one-time items such as inventory and restructuring charges.
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| BlackRock Outpaces Expectations Posted: 25 Apr 2011 01:37 PM PDT BlackRock Inc.'s (NYSE:BLK) first quarter 2011 operating earnings of $2.96 per share substantially exceeded the Zacks Consensus Estimate of $2.75. Although it compared unfavorably with the prior quarter's earnings of $3.42, it was ahead of prior-year quarter's earnings of $2.40.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 25 Apr 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4577, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4355, Wednesday’s low, and resistance at 1.4648, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8837 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: Market Has Gas In Tank Posted: 25 Apr 2011 01:18 PM PDT Cusick’s Corner
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| U.S. Markets Mixed At Close; Dow Jones Down 0.21% Posted: 25 Apr 2011 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.21%, the S&P 500 index shed 0.16%, while the Nasdaq 100 index climbed 0.27%.<br/><br/> Meanwhile, across the Atlantic, European stock markets were mixed at close. France’s CAC 40 was up 0.43%; Germany’s DAX gained 0.64%; Britain’s FTSE 100 declined 0.07%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| CYTR: Initiating With An Outperform Posted: 25 Apr 2011 01:05 PM PDT Grant Zeng, CFA CytRx Corporation (NASDAQ: CYTR) is a biopharmaceutical company focused on the development and commercialization of human therapeutics for the treatment of cancers. The Company's pipeline consists of three candidates under middle to late stage development: tamibarotene, bafetinib and INNO-206, targeting various cancer indications. Tamibarotene is currently in a pivotal Phase II clinical trial for the treatment of acute promyelocytic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dejour Announces Initial Drilling Program At South Rangely In Colorado Posted: 25 Apr 2011 01:05 PM PDT Steven Ralston, CFA Dejour (DEJ) today announced that the drilling program at South Rangely will begin with an initial vertical well next month. This announcement is important for several reasons. First, this is exploratory drilling outside of the company's producing acreage at Woodrush in Canada, potentially providing additional producing acreage for Dejour in the United States. Secondly, the drilling program has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 Apr 2011 01:05 PM PDT Tellabs, Inc. (NASDAQ:TLAB) is slated to release its first quarter 2011 results on Tuesday, April 26, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at a loss of 3 cents, representing an annualized growth of -125.76%.
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| Forex Trading: USDCAD Corrects Higher But So Far The Gains Are Limited Posted: 25 Apr 2011 01:00 PM PDT The USDCAD has extended to the upside and tested the 38.2% retracement of the move down from the April 15th high to the low on April 21st. The level comes in at 0.9555. A move above this level will be eyed by the bottom picking buyers as confirmation of further upside momentum. A move above would target the 200 hour MA at the 0.9575 (green line) and then the 0.9586 (50% of the same move down).
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| Forex – GBP/USD Down During The U.S. Session Posted: 25 Apr 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6499, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.6308, Wednesday’s low, and resistance at 1.6599, Thursday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8839 and GBP/JPY falling 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| 1979-2007: Rich Got Richer, Poor Got Richer Posted: 25 Apr 2011 12:43 PM PDT WASHINGTON – “Today, the Employment Policies Institute (EPI) announced the publication of new research by economists Dr. Richard V. Burkhauser of Cornell University, Dr. Jeff Larrimore of the Joint Committee on Taxation and Dr. Kosali Simon of Indiana University, the results of which appear in the most recent issue of the Journal of Policy Analysis and Management. In his recent speech on deficit reduction, President Obama defended his support of higher taxes on wealthy Americans by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| CYTR: Initiating With An Outperform Posted: 25 Apr 2011 12:35 PM PDT Grant Zeng, CFA CytRx Corporation (NASDAQ: CYTR) is a biopharmaceutical company focused on the development and commercialization of human therapeutics for the treatment of cancers. The Company's pipeline consists of three candidates under middle to late stage development: tamibarotene, bafetinib and INNO-206, targeting various cancer indications. Tamibarotene is currently in a pivotal Phase II clinical trial for the treatment of acute promyelocytic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| PetroChina Upgraded To Outperform Posted: 25 Apr 2011 12:35 PM PDT We have recently upgraded energy giant PetroChina Co. Ltd. (PTR) ADRs to Outperform from Neutral, reflecting the company's leverage to the fast growing Chinese market and the turnaround in commodity prices. Being one of the two Chinese integrated oil companies, PetroChina is well-positioned to capitalize on these favorable trends.
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| Posted: 25 Apr 2011 12:35 PM PDT Leading oilfield services' company, Weatherford International Ltd.'s (NYSE:WFT) first quarter 2011 adjusted earnings of 10 cents per share missed the Zacks Consensus Estimate of 19 cents. The earnings miss was largely due to lower-than-expected operating income across all reporting segments of the company, excluding North America.
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| Posted: 25 Apr 2011 12:15 PM PDT California-based Mattel Inc. (NYSE:MAT), the world's largest manufacturer of toys, reported its first quarter results on April 15, 2011 that was in line with the Zacks Consensus Estimate. The recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for both the short-term and the long-term outlook for the stock are covered in depth below.
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| Consolidations In The EUR/JPY And GBP/JPY Posted: 25 Apr 2011 12:13 PM PDT Consolidation Setups in the EUR/USD, GBP/USD, EUR/JPY and GBP/JPY (4/22) Short-term- The EUR/JPY charts show that the current correction to the rally from 116.60 low is not over. In fact the rally from 116.60 has not confirmed bullish intention as it remains below an important pivot at 120.75.
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| Forex – USD/CAD Up In U.S. Trade Posted: 25 Apr 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9550, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.9454, Thursday’s low, and resistance at 0.9561, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.17% to hit 1.4587 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Steel Production, Shipments Rebound Posted: 25 Apr 2011 12:09 PM PDT 1. Crude Steel Production Rises in March — “World crude steel production for the 64 countries reporting to the World Steel Association was 129 million metric tons in March 2011 and 372 million metric tons for the first quarter 2011. This is 7% higher than March 2010 and 8.8 % higher than the first quarter 2010. 2. Chinese To Build $1Billion Steel Plant in Texas — The building of the steel plant in the U.S. is be a strategy to avoid U.S. imposed anti-dumping duties of 32% and 98% on imports … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| NYSE Disappoints NASDAQ-ICE Again Posted: 25 Apr 2011 12:05 PM PDT NYSE Euronext Inc. (NYSE:NYX) has again rejected the joint takeover bid from NASDAQ OMX Inc. (NASDAQ:NDAQ) and IntercontinentalExchange Inc. (NYSE:ICE) for the second time within a fortnight, thereby backing the more friendly $9.8 billion merger deal with Frankfurt-based Deutsche Boerse AG that was agreed upon in February this year.
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| EIA Reports Bullish Inventory Data Posted: 25 Apr 2011 12:05 PM PDT The U.S. Energy Department’s weekly inventory release showed an unexpected drop in crude and distillate stockpiles. The agency's report further revealed that gasoline stocks fell for the ninth straight week, while refiners improved processing rates by 1.1%.
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| Canadian Solar Gets Supply Contract Posted: 25 Apr 2011 12:05 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) has signed a supply contract with GP Joule. Per the contract, Canadian Solar will supply 97 MW of its high performance solar modules to GP Joule. The company expects to finish all deliveries by the end of fiscal 2011.
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| Posted: 25 Apr 2011 12:05 PM PDT AmSurg Corp. (NASDAQ:AMSG) reported an EPS of 38 cents in the first quarter of fiscal 2011, in line with the Zacks Consensus Estimate but down 7.3% from 41 cents in the year-ago period. Results for the first quarter of 2011 had a negative impact of 1 cent from the revision of the Medicare payment system for ambulatory surgical centers (ASCs) and 4 cents due to higher interest cost related to refinancing of the company's credit facility in May 2010 and a higher tax rate.
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| Posted: 25 Apr 2011 12:05 PM PDT Alexion Pharmaceuticals' (NASDAQ:ALXN) first quarter 2011 earnings (excluding special items but including stock-based compensation) of $0.47 per share surpassed the Zacks Consensus Estimate by $0.05 and the year-ago earnings by $0.19. Earnings in the quarter benefited from an increase in revenues.
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| Glaxo And Valeant Respond To CRL Posted: 25 Apr 2011 12:05 PM PDT GlaxoSmithKline (NYSE:GSK) and Valeant Pharmaceuticals (NYSE:VRX) recently submitted a response to the Complete Response Letter (CRL) received from the US Food and Drug Administration (FDA) for their epilepsy candidate, ezogabine.
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 25 Apr 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4582, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4355, Wednesday’s low, and resistance at 1.4648, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8834 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD/ZAR Sees Important Pivot Ahead At 6.820 Posted: 25 Apr 2011 11:28 AM PDT USD/ZAR's Elliott Wave Scenarios in Q2 2011 (4/16) Short-term- The market declined towards 6.70 as anticipated in the previous USD/ZAR update. It did however take retest of 6.90 and a double top before falling to 6.70.
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