Monday, April 25, 2011

DailyMarkets.com - American Hellholes

DailyMarkets.com - American Hellholes

American Hellholes

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

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&rsquo;s low, and resistance at 135.96, Thursday&rsquo;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

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&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;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

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

CNH Global Beats Estimates

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.
Net sales of Equipment, excluding revenue from Financial Services were $3.8 billion, up 17% from the year-earlier quarter. The revenue increase was attributable to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GATX Misses On Bottom Line

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.
Revenue for the first quarter inched up 0.5% year over year to $265 million and surpassed the Zacks Consensus Estimate of $261 million aided by improving lease rates and strong demand at the American Steamship Company segment.
Segment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cytec-Lockheed Extend Deal

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.
Under the contract, Cytec supplies a deep and rich portfolio of more than 50 products to the JSF program. It includes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fools’ Errand?

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.’
Of course, few of those people are interested in the truth, or even a version or reality that is at odds with their own, but I soldier on regardless.
Fools’ errand? Maybe (though probably not for those loyal FA visitors who are interested in knowing where things … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 83.10, Wednesday&rsquo;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

Polycom Beats, Outlook Bright

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.
Total revenue in the first quarter of 2011 was a record at $344.2 million, up 24.6% year over year and surpassing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Gets Army Contract

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.
Using GPS precision guidance technology, Excalibur provides first round fire-for-effect capability with accuracy well within 10 meters (32.8 feet) of its target.
Based in Massachusetts, Raytheon … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Including stock compensation expense of $9.1 million, amortization of purchased intangibles of $18.6 million, non-cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Coach

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.
Second-Quarter 2011, A Synopsis
Coach, the maker of handbags, wallets, shoes and other accessories, posted better-than-expected second-quarter 2011 results on January 25, 2010, on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

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.
The Zacks Consensus Estimate for the first quarter is pegged at 87 cents, up 33.8% year over year. Roper posted an average earnings surprise of 10.62% in the trailing four quarters, implying that it has outdone the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.8038, Monday&rsquo;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

The Day Ahead: Earnings – 3M, Amazon.com, Coca-Cola, Delta Air Lines, Ford, UPS, US Steel; US Consumer Confidence, S&P Case-Shiller HPI

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

Hot Option Plays: Technical Indicators Signal Lack Of Bullish Conviction

Posted: 25 Apr 2011 03:18 PM PDT

Cusick’s Corner
I’ll make it short and simple. The movement today raised a red flag in that there hasn’t been any real momentum to the downside. Whether you are looking at a MACD or RSI neither is signaling strong bullish conviction. Finance and Tech are also lagging and these sectors need to kick into offensive gear if we are going to see the bulls run the streets. See you Tuesday.
Stocks finished mixed in a day of low volume and slow trading Monday. Some investors are possibly in wait-and-see … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Blackstone Ahead Of Estimates

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.
ENI came in at $568.1 million for the reported quarter compared with $360.4 million in the year-ago quarter. The increase was primarily driven by improved performance in all the segments.
The better-than-expected results were mostly aided by strong revenue growth, improved equity markets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
The contract awarded to General Dynamics' Ordnance and Tactical Systems unit has a potential value of roughly $163 million extending for a five-year period. Under the contract, the U.S. Army Contracting Command in Rock Island requires General Dynamics to disarm different types of munitions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Included in the results were 2 cents pertaining to restructuring expenses and a gain of a cent from other adjustments; excluding these, adjusted EPS amounted to 57 cents versus 50 cents in the prior-year quarter.
Earnings improved during the quarter, mainly due to volume growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Surprisingly Strong Earnings

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

Danaher Beats Estimates

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%.
Revenues from continuing operations for the 2011 first quarter were $3.3 billion, 11.0% higher than $3.0 billion reported for the first quarter of 2010. Revenues matched the Zacks Consensus Estimate. Core revenues increased 10% in the quarter compared to the first quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Operating revenues increased 16.3% year over year to $1,012 million in the reported quarter, surpassing the Zacks Consensus Estimate of $991 million. Operating revenues in the first quarter grew primarily on strong revenue generation from the Boston and Caribbean … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Accordingly, ICE has scheduled to launch cleared OTC energy contracts in order to uphold its market holding. ICE remains aware of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Fourth Quarter Recap
CB Richard Ellis reported fourth-quarter 2010 revenues of $1.7 billion compared with $1.3 billion in the year-earlier quarter, reflecting an increase of 27% – the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Johnson Controls Beats By 1c

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.
The improvement in earnings during the quarter was attributable to higher sales on the back of the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

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&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;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

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&rsquo;s low, and resistance at 83.10, Wednesday&rsquo;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

TCF Reports In Line Results

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.
Decreased non-interest income, increased non-interest expenses, sluggish economic recovery and increased regulatory trouble have affected the quarter results. These negatives were partly offset by decline in non-performing assets.

Net income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Ecolab

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.
Ecolab expects sustained revenue growth at constant currency rates. Moreover, currency exchange translation has been predicted to favorably impact … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SunPower Powers Tucson

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.
The system is built on a city-owned, former agricultural land located within Tucson Water Department’s underground water storage and recovery facility, nearly 20 miles west of downtown Tucson.The project site is part of the city’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Covidien Tops Ests, Ups View

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.
Net income (from continuing operation) shot up 9% year over year to $459 million (or 92 cents a share) buoyed by higher sales from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Operating results for the quarter excluded expense associated with certain LTIP awards and deferred compensation plans.
GAAP net income came in at $568 million or $2.89 per share for the reported quarter as against … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;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

Hot Option Plays: Market Has Gas In Tank

Posted: 25 Apr 2011 01:18 PM PDT

Cusick’s Corner
The market has a lot of gas in the tank if you take earnings as the catalyst. Keep an eye on the Volatility Index VIX. As a review, this index measures the implied volatilities of the front two months of the SPX, the cash settled S&P 500 index. The VIX has settled the last two session below 15 (which we have not seen in over 4 years) and could be flagging traders and investors one of two things — the market is going to be in a grind until we can get further catalyst of this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s CAC 40 was up 0.43%; Germany&rsquo;s DAX gained 0.64%; Britain&rsquo;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

CYTR: Initiating With An Outperform

Posted: 25 Apr 2011 01:05 PM PDT

Grant Zeng, CFA
CYTR: Initiating with an Outperform

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

Dejour Announces Initial Drilling Program At South Rangely In Colorado

Posted: 25 Apr 2011 01:05 PM PDT

Steven Ralston, CFA
Dejour announces initial drilling program at South Rangely in Colorado

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

Earnings Preview: Tellabs

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%.
With respect to earnings surprises over the trailing four quarters, Tellabs has outperformed the Zacks Consensus Estimate for all the three quarters except the last quarter where it missed the Zacks Consensus Estimate by 6 cents. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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).
Until a break, however, the bears remain in control. Oil prices at $112 per barrel should keep … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.6599, Thursday&rsquo;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

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

CYTR: Initiating With An Outperform

Posted: 25 Apr 2011 12:35 PM PDT

Grant Zeng, CFA
CYTR: Initiating with an Outperform

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

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.
We also like PetroChina's recent agreement with EnCana Corp. (ECA) – Canada's largest natural gas producer – to buy half of the latter's prolific Cutbank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weatherford Misses Ests

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.
However, quarterly results grew substantially from the year-earlier profit of 3 cents, mainly driven by strong North American activity and solid performance in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Mattel

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.
Earnings Report Review
During the first quarter of 2011, Mattel reported earnings of 5 cents per share, which missed the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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)
EUR/JPY

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.
- A break above the 120.75 pivot targets the 123.30 April 2011 high.
- Before that we could be extending the current correction decline towards a zone between 118.45 (50% retracement) and 118.00 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.9561, today&rsquo;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

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

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.
While NYSE believes that the latest NASDAQ-ICE proposal did not offer anything striking, its prior deal with Deutsche Boerse will be able to provide almost as much cost … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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%.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
GP Joule operates four offices in the North and South of Germany and has joint ventures in North America and France. In the PV sector, the company mostly focuses on implementing ground mounted large solar power plants.
Based in Markham, Canada, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sluggish Start For Amsurg

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.
AmSurg reported revenues of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alexion Tops On All Fronts

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.
Alexion's revenues jumped 41% to $166.1 million in the reported quarter driven by strong Soliris (eculizumab) sales. Soliris is Alexion's only marketed product. It is approved for the treatment of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
The CRL, which was issued in Nov 2010, was for non-clinical reasons. We note that earlier, in August 2010, Glaxo and Valeant had received a positive recommendation from an FDA advisory panel regarding ezogabine. The FDA's Peripheral and Central Nervous System Drugs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4648, Thursday&rsquo;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

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)
USD/ZAR

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.
- The decline from the double top represents a possible wave b, to be followed by a wave c. Wave c=a projection targets the 0.6950 level.
- This scenario however is only valid if the market shows enough strength in the short-term to break above 6.820, 61.8% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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