Wednesday, April 13, 2011

DailyMarkets.com - Bear Alert On Southeast Asia Cement Holdings (CMT)

DailyMarkets.com - Bear Alert On Southeast Asia Cement Holdings (CMT)

Bear Alert On Southeast Asia Cement Holdings (CMT)

Posted: 13 Apr 2011 05:13 PM PDT

southeast asia cement holdings, CMT philippine stocks, head and shoulders, rising wedge, ron acoba, daily stock picks, stock market trading
Putting your money into the shares of Southeast Asia Cement Holdings or CMT in the Philippine Stock Exchange is a bad idea for me as of the moment. Well, at least that's what its chart is telling me. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 13 Apr 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4452, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4378, Tuesday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8878 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T Lowered To Underperform

Posted: 13 Apr 2011 04:35 PM PDT

We have downgraded our long-term recommendation on AT&T Inc. (NYSE:T) to Underperform from Neutral as the share price has risen about 29% from last year, nearing its peak level.
The stock is trading near its 52-week high, and investors are suggested to wait for a better entry point. Further, we remain cautious due to competitive pressure as well as a steep decline in its traditional fixed-line phone business.
Last month, the second largest mobile service provider in the U.S. stated its intent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Biogen’s Oral MS Drug Impresses

Posted: 13 Apr 2011 04:35 PM PDT

Biogen (NASDAQ:BIIB) received a boost recently with the company presenting promising top-line data on its oral multiple sclerosis candidate, BG-12. The company presented positive results on the use of BG-12 as a monotherapy in patients suffering from relapsing-remitting multiple sclerosis (RRMS).
DEFINE Data
Data from the phase III global, randomized, double-blind, placebo-controlled, dose-comparison DEFINE study showed that BG-12 (240 mg dosed twice/thrice daily) brought about a statistically … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Google

Posted: 13 Apr 2011 04:35 PM PDT

Google Inc. (NASDAQ:GOOG) is expected to announce first quarter results after the bell tomorrow and estimates appear to be trending down right now. We continue to expect a moderate beat based on the positives outlined below.
Google's market share appears stable and February numbers released by ComScore indicate that both query volumes and bid rates are on the rise. While Microsoft Corp's (NASDAQ:MSFT) Bing is the only search engine to have grown stronger than Google, Microsoft's gains reflect the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 13 Apr 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 83.79, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 83.47, Tuesday&rsquo;s low, and resistance at 85.39, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.07% to hit 1.4453 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Flowers Buying Tasty Baking

Posted: 13 Apr 2011 04:05 PM PDT

Packaged bakery foods company Flowers Foods Inc. (NYSE:FLO) recently announced a definitive agreement to acquire Tasty Baking Co. (NASDAQ:TSTY) for $4 per share or $165 million in cash. The transaction includes the existing debts of Tasty. Both companies’ boards have unanimously approved the agreement.
Flowers plans to finance the transaction through cash-on-hand and credit facilities. The transaction is expected to close during the second quarter of 2011. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA OKs New Integra Device

Posted: 13 Apr 2011 03:55 PM PDT

Integra LifeSciences Holdings Corporation (NASDAQ:IART) has added another feather to its cap with the latest 510k clearance by the US Food and Drug Administration (FDA) for its new Accell Evo3 Demineralized Bone Matrix. Earlier this week, the company received FDA approval for three spinal intervertebral body fusion devices. 
This approval is based on a pivotal animal trial as well as radiographic, histologic and biomechanical analyses. This new generation Demineralized Bone Matrix works as a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Outlook Bright For Telekomunikasi

Posted: 13 Apr 2011 03:55 PM PDT

P.T. Telekomunikasi Indonesia Tbk. (NYSE:TLK), the largest telecom operator in Indonesia, recently provided a solid financial outlook for the ensuing fiscal 2011. The company estimated its total revenue in fiscal 2011 to grow by 7%-8% year over year. EBITDA margin will be around 58%. Total revenue in fiscal 2010 was $7,617 million, up 1.4% year over year.
Telekomunikasi looks very comfortable with its wireless businesses projecting a 10% year-over-year growth in 2011. This is the primary reason … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Job Openings Increase To 3.1 Mln

Posted: 13 Apr 2011 03:55 PM PDT

04/13/11 Job openings rose in February. At the same time, the U.S. Bureau of Labor Statistics reported that the number of hires remained little … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, April 13, 2011

Posted: 13 Apr 2011 03:45 PM PDT

After selling off in yesterday’s sessions stocks finished with mixed results in today’s session.  The Nasdaq Composite was the clear leader with a 0.6% advance as the result of favorable comments from some technology companies.  The DJIA was up only 0.1% and the S&P 500 was flat and could not close above its 50-day moving average.  The Nasdaq Composite did regain and close above its 50-day moving average.  Investors were relatively quiet in today’s session and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pfizer’s Sutent Backed By FDA

Posted: 13 Apr 2011 03:35 PM PDT

Pfizer Inc.'s (NYSE:PFE) Sutent recently received support from an advisory panel of the US Food and Drug Administration (FDA). The FDA's Oncologic Drugs Advisory Committee (ODAC) voted 8-2 in favor of Sutent's benefit-risk profile for the treatment of unresectable pancreatic neuroendocrine tumors (NET).
Sutent is already approved in Europe for the treatment of unresectable or metastatic, well-differentiated pancreatic neuroendocrine tumors (NET) with disease progression in adults. While the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC To Seize Insurance Opening

Posted: 13 Apr 2011 03:35 PM PDT

Computing major Computer Sciences Corporation (CSC) has really upped the ante in the insurance space and its latest alliance with BioSignia, which offers North American life insurers and reinsures Mortality Assessment Technology (MAT), testifies the fact.  
MAT is a scientific underwriting tool designed to deliver superior results. The tool critically verifies underwriting data and accurately assesses mortality for each insurance applicant. As per the terms of the alliance, CSC will offer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BJ’s Remains Neutral

Posted: 13 Apr 2011 03:35 PM PDT

We are reiterating our long-term Neutral recommendation on BJ's Wholesale Club Inc. (NYSE:BJ) with a price target of $53.00. Moreover, BJ's Wholesale holds a Zacks #3 Rank, which translates into a short-term 'Hold' rating.
Boasting a viable business strategy and a healthy balance sheet, BJ's Wholesale Club offers investors one of the strongest growth stories in this space. The company expects to achieve earnings per share growth of 3.6% to 11.5% in fiscal 2011, based on net sales growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ProLogis Rejects Bid For PEPR

Posted: 13 Apr 2011 03:35 PM PDT

ProLogis (NYSE:PLD), one of the leading global providers of distribution facilities rejected a bid for a 33.1% ownership stake in ProLogis European Properties (PEPR) by investor group APG Algemene Pensioen Groep N.V. (APG) and Goodman Group on behalf on an undisclosed consortium.
ProLogis intends to retain its stake and management agreement with PEPR, a publicly traded fund consisting of distribution and logistics facilities in Europe. As per the letter of interest issued by the investor group, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 13 Apr 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7882, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday&rsquo;s low, and resistance at 0.7928, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.3309 and EUR/NZD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Google, Hasbro, US PPI, Weekly Jobless Claims

Posted: 13 Apr 2011 10:20 AM PDT

04/13/11 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

Four Stocks To Keep An Eye On

Posted: 13 Apr 2011 03:19 PM PDT

( click to enlarge )

Banner Corporation (NASDAQ:BANR) – As many traders could see, today’s rise on increased volume amongst many other bullish indicators could push the stock substantially higher than where it is trading now which is around its base levels. As you could see, the stock has several favorable technical factors suggesting that it could breakout to new levels and could test its 52-week high which often attracts additional traders on the buyside, putting upward pressure on shares. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Focused On Tomorrow’s Data

Posted: 13 Apr 2011 03:18 PM PDT

Cusick’s Corner
The market bounced on the close but it was not the type of conviction that I would like to see. If you look at the volume it was far less than when sellers took control yesterday (especially at the close of that session). This choppy action early into the earnings cycle is alleviating some of the market’s overbought nature that we talked about last week. What I do not like is the fact that Finance and Oil are both lagging. Plus in the case of Oil, it’s pulling back and in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Activision’s New Content Pack

Posted: 13 Apr 2011 03:10 PM PDT

A leading developer, publisher and distributor of interactive entertainment and leisure products, Activision Blizzard Inc. (NASDAQ:ATVI) announced that the second content pack of Call of Duty: Black Ops will release on May 3, 2011.
The second content pack known as Escalation will be launched first on Microsoft Corp.'s (NASDAQ:MSFT) Xbox LIVE gaming system. The content pack features four new multi-player maps and a Zombies game known as Call of the Dead.
In February 2011, Activision released the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Eyes Brazil Retail Market

Posted: 13 Apr 2011 03:05 PM PDT

Technology solutions provider NCR Corp. (NYSE:NCR) recently announced plans to supply its flagship Point-of-Sale (POS) solutions to retailers in Brazil. The idea behind the initiative is to capitalize on the enormous business potential in emerging markets (Brazil, Russia, India and China), which happen to be growing fast these days.
Initially, NCR will offer its RealPOS terminals, software and peripherals to Brazilian retailers. The company also plans to engage channel partners for facilitating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Vies For LISC

Posted: 13 Apr 2011 03:05 PM PDT

Lockheed Martin Corporation (NYSE:LMT) has teamed up with URS Corporation (NYSE:URS) and InDyne to pursue the Launch & Test Range System Integrated Support Contract (LISC), which the U.S. Air Force expects to award in 2012.
This team of three experienced contractors in the field of range management services is formed with a common goal of providing efficient range management services. The group will be known as CoRE, or Consolidated Range Enterprise.
The U.S. Air Force is working relentlessly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor:JPM, GRM, RVBD, LMT

Posted: 13 Apr 2011 02:45 PM PDT

04/13/11 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

Worries Over Greece, Obama’s Deficit Speech Switch Sentiment In EUR/USD

Posted: 13 Apr 2011 02:44 PM PDT

The EUR/USD which had been climbing sharply of late ran into several obstacles today, which switched sentiment away from the EUR and towards the USD.
The main headline was the unveiling of Obama's deficit reduction plans, which called a $4 trillion cut over 12 years.
The plan got a positive enough response, as it showed the markets that we are seeing plans put forth by both Republicans and Democrats. A plan that trims US deficit spending will help calm market fears about US debt levels. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MasterCard Expands Buyback

Posted: 13 Apr 2011 02:35 PM PDT

Yesterday, the board of the global payment solution giant MasterCard Inc. (NYSE:MA) approved and authorized the extension of its stock repurchase program to $2 billion from $1 billion, which was sanctioned in September last year. Although the approval is effective immediately, the buyback of its class A shares will be held from time to time through open market operations, depending on the market conditions.
Till date, MasterCard has already bought about 3.15 million shares for approximately $788 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sigma Modifying Silkworms

Posted: 13 Apr 2011 02:35 PM PDT

Biotechnology giant Sigma-Aldrich Corporation's (NASDAQ:SIAL) biological products and services research unit, Sigma Life Science, has entered into a licensing agreement with Kraig Biocraft Laboratories Inc. to develop genetically modified silkworms for the production of spider silk. Per the agreement, the companies will use Sigma’s proprietary CompoZr Zinc Finger Nuclease (ZFN) technology.
This co-operation will ensure speedy and bulk production; in addition, Kraig has also been granted a license … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Obama Speech & Other Things Of Interest

Posted: 13 Apr 2011 02:35 PM PDT

In a continuing effort to provide words of wisdom from beyond the walls of Zacks, here are a few things that I think people should find to be interesting. The views expressed in the articles are not always shared by either myself or Zacks, but I do find them thought provoking.

Obama on Deficit Reduction

President Obama lays out his plan for long-term deficit reduction. While I am not crazy about it, it relies about 75% on spending reduction and 25% on revenue increases, while I would favor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton In ‘Smart Buildings Initiative’

Posted: 13 Apr 2011 02:35 PM PDT

Eaton Corporation (NYSE:ETN) has been selected for the General Services Administration's (GSA) Smart Buildings Initiative. Under the initiative, Eaton has been assigned the first project of modernizing the Edith Green-Wendell Wyatt Federal Building in Portland, Oregon.
As part of the Edith Green Modernization Project, Eaton will design and furnish new systems to replace power distribution, power control and electrical metering equipment in the 17-floor, 517,000 square-foot structure, which was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UnitedHealth Plans Acquisition

Posted: 13 Apr 2011 02:35 PM PDT

OptumHealth, a part of  UnitedHealth Group Inc. (NYSE:UNH) will acquire Logistics Health Inc., a La Crosse-based health care solutions provider, as reported by The Business Journal. The transaction is expected to close in the second quarter of 2011, pending antitrust review by the federal government.
OptumHealth serves approximately 60 million individuals with its diversified offering of health, financial and ancillary benefit services and products that assist consumers in navigating the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southern Union Firmly Neutral

Posted: 13 Apr 2011 02:06 PM PDT

We continue to maintain our long-term Neutral recommendation on Southern Union Company (NYSE:SUG), supported by a Zacks #3 Rank (Hold).
The Houston-based company is one of the U.S.'s leading diversified natural gas companies, engaged primarily in the transportation, storage, gathering, processing and distribution of natural gas. The company owns one of the largest interstate pipeline networks in the U.S. and one of the largest LNG import terminals in North America.
However, valuation continues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Affymetrix Intros New Axiom Array

Posted: 13 Apr 2011 02:06 PM PDT

Genetic products maker Affymetrix Inc (NASDAQ:AFFX) has broadened its Axiom Genotyping Solution (a high-throughput genotyping platform) with the launch of the Axiom Genome-Wide CHB 1 Array. It is the first commercial product designed to maximize genetic coverage of common alleles (an allele is one of a pair or series of genes) in the Han Chinese population.
The Genome-Wide CHB 1 Array will offer researchers a powerful and cost-effective tool for studying disease and characterizing the genetic basis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota To Halt European Production

Posted: 13 Apr 2011 02:06 PM PDT

Toyota Motor Corp. (NYSE:TM) announced that it will suspend production in Europe for 8 days due to parts shortage resulting from the earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants.
The automaker will halt production at 5 plants between April 21 and May 2. They are auto assembly facilities in Britain, France and Turkey, and engine plants in Britain and Poland. After the stoppages, the plants will be operated at limited capacity in May.
Recently, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Flowserve On Acquisition Spree

Posted: 13 Apr 2011 02:05 PM PDT

Flowserve Corporation (NYSE:FLS) announced that it has purchased the assets of FEDD Wireless LLC, a privately owned wireless data acquisition company based in Texas. FEDD has developed technologies in wireless data acquisition, transmission and integration for industrial use.
Flowserve will assume ongoing operational responsibilities of the target, including existing equipment, intellectual property and personnel. 
The acquisition provides Flowserve a proven wireless data acquisition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Announces Eight Day Suspention In Europe For 8 Days

Posted: 13 Apr 2011 09:00 AM PDT

04/13/11 Due to part shortages, the Toyota Motor Co. announced Wednesday that it will suspend production in Europe for eight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 13 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4443, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4520, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8878 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 13 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 83.74, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 83.47, Tuesday&rsquo;s low, and resistance at 85.39, Friday&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 0.28% to hit 1.4437 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sikorsky JV In Saudi Arabia

Posted: 13 Apr 2011 01:35 PM PDT

Sikorsky Aerospace Services, the aftermarket division of Sikorsky Aircraft Corporation, announced that it is in advanced stages of discussions with Alpha Star Aviation Services for a joint venture aimed at providing military and commercial aviation support and maintenance programs in the Kingdom of Saudi Arabia.
Sikorsky Aircraft Corporation is a United Technologies Corp. (NYSE:UTX) company.
Alpha Star is an aviation services company based in Riyadh, Kingdom of Saudi Arabia. It provides services … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Near-Term Bullish On Sasol

Posted: 13 Apr 2011 01:35 PM PDT

Last week, ADRs of Sasol Ltd. (NYSE:SSL) hit a 52-week high of $60.39. The South Africa-based petrochemicals group has seen its share price climb approximately 50% since the end of August last year, as investors have been buying the stock for its attractive fundamentals and positive outlook. The turnaround in fuel prices amid recent optimism about the economic recovery has added to this bullishness.
Sasol, which has recently signed two transactions with Canadian energy explorer Talisman Energy Inc … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hanes Replaces Costly Cotton

Posted: 13 Apr 2011 01:35 PM PDT

In the backdrop of an upswing in global cotton prices, apparel giants are seeking alternative ways to combat the soaring raw materials cost. Hanesbrands Inc. (NYSE:HBI) has inked a deal with the Portland-based Naturally Advanced Technologies ("NAT") to supply Hanes with a proprietary fiber that could substitute cotton, namely Crailar. The terms of the agreement were not disclosed.
For producing Crailar, the binding agent from flax that gives a stiff texture is removed with an enzyme wash. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unisys Tender Offer Expires

Posted: 13 Apr 2011 01:35 PM PDT

Unisys Corporation (NYSE:UIS) recently announced the expiration of its tender offer period for its outstanding 14.25% Senior Secured Notes due 2015 (First Priority Notes) and 12.75% Senior Secured Notes due 2014 (Second Priority Notes).
The notes, which were validly tendered and bought back, comprised $134,798,000 principal amount of senior notes due in 2015 and $44,066,000 principal amount of senior notes due in 2014. The company accepted senior notes due in 2014 on a pro rata basis, due to  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil’s In Salah Project Update

Posted: 13 Apr 2011 01:35 PM PDT

Norway's Statoil ASA (NYSE:STO), along with its partners BP Plc (NYSE:BP) and Algeria's state energy company Sonatrach, have entered into a $1.15 billion field development agreement with Petrofac International in Algeria’s In Salah Southern Fields gas project.
Per the agreement, Petrofac is entitled to provide engineering, procurement and construction ("EPC") services for the In Salah Southern Fields development project. Additionally, Petrofac is expected to construct facilities, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 13 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4442, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4520, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.30% to hit 0.8880 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.06%

Posted: 13 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.06%, the S&P 500 index gained 0.02%, while the Nasdaq 100 index climbed 0.80%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 0.75%; Germany&rsquo;s DAX gained 1.06%; Britain&rsquo;s FTSE 100 climbed 0.77%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Molson Goes Light With Sublime

Posted: 13 Apr 2011 01:05 PM PDT

Molson Coors Brewing Co. (NYSE:TAP) now produces and markets Molson Canadian 67 Sublime, a premium light beer with citrus flavor, containing not more than 67 calories in each 341ml bottle. It has 3% alcohol.
The beer is now on the shelves at select retailers and establishments across Western Canada and Ontario. It will be available in the national markets from June 2011.
This beer is another addition to an innovative low-calorie beer category. Management at Molson Coors claims that the new brand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navy Contract For General Dynamics

Posted: 13 Apr 2011 01:05 PM PDT

Defense contractor General Dynamics Corp. (NYSE:GD) said that its business unit General Dynamics Advanced Information Systems has received a contract to produce Type-3 advanced mission computers (AMC) for the F/A-18E/F and E/A-18G Super Hornet aircraft. The contract awarded by the U.S. Navy is valued at roughly $17.9 million.
The AMC is the nerve center of the Super Hornet. It is a high-performance, high-reliability mission and display-processing system. It provides situational awareness and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Intros SOFT TOUCH

Posted: 13 Apr 2011 01:05 PM PDT

The Dow Chemical Company (NYSE:DOW) recently introduced DOW SOFT TOUCH, which is a Propylene Resin. The product is a recent breakthrough in single-pellet resin solutions for the efficient production of mono-component spun bond nonwoven fabrics. These fabrics offer extraordinary softness and drape, preserving the physical properties of the propylene nonwoven fabrics.
The product caters to the customers' need for softer fabrics in absorbent hygiene products and medical nonwovens. After 30 years of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Beige Book, Abridged

Posted: 13 Apr 2011 01:05 PM PDT

The Beige Book is a compilation of mostly anecdotal evidence from the 12 Federal Reserve Districts about the state of the economy. This month's edition was just released. You can read the full report here.

Generally I would describe the report as being upbeat, but not exuberant. Slow and steady progress is widespread, both geographically and across sectors of the economy. The major exception to that is Real Estate, both residential and Commercial.

While some companies are facing cost … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD: Stay Below 1.4458 And Bears Still Alive

Posted: 13 Apr 2011 12:46 PM PDT

Forex – GBP/USD Up During The U.S. Session

Posted: 13 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6269, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6427, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8881 and GBP/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ZOLL’s Propaq Cleared In Canada

Posted: 13 Apr 2011 12:35 PM PDT

Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) has secured approval from Health Canada to market its Propaq MD monitor/ defibrillator and Propaq M monitor to military customers and air medical operations in Canada, enabling them to provide advanced critical care to patients.
Propaq MD, which was approved in the U.S. in July 2010, is developed in collaboration with the Department of Defense and leading medical diagnostic devices maker Welch Allyn, assisted by grants from the U.S. Army Medical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ray Of Hope For MNKD’s Afrezza

Posted: 13 Apr 2011 12:35 PM PDT

There was some good news for MannKind Corporation's (NASDAQ:MNKD) lead pipeline candidate, Afrezza, when the US Food and Drug Administration (FDA) rescheduled its end-of-review meeting with the company to discuss the candidate.
A few days ago, the FDA cancelled the meeting, originally scheduled for April 15, 2011, fearing a potential federal government shutdown in the US. The US regulatory body will now hold the meeting on May 4, 2011.
Mannkind has been looking forward to a meeting with the FDA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Costco Remains Neutral

Posted: 13 Apr 2011 12:35 PM PDT

We are reiterating our long-term Neutral recommendation on Costco Wholesale Corporation (NASDAQ:COST) with a price target of $80.00. Moreover, Costco holds a Zacks #3 Rank, which translates into a short-term Hold rating.
Costco continues to be a dominant retail wholesaler based on the breadth and quality of its merchandise. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid beleaguered economic conditions as cash-strapped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

L.A. Crack Dealer On The Economics Of Drugs

Posted: 13 Apr 2011 12:30 PM PDT

“Lots of economists write about the economics of illegal drugs. Here’s a paper from a Harvard guy. Here’s another co-authored by a couple Chicago guys. One thing missing from those papers: Actual drug dealers.

So for this podcast on NPR Planet Money, we run some economic theory by Freeway Rick Ross (pictured), who was one of the biggest crack dealers in LA in the ’80s and ’90s. He went to prison in ’96, and was released on parole in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intraday Swing Trading With The TICK April 13

Posted: 13 Apr 2011 12:22 PM PDT

In keeping with the recent lessons with the TICK and trading the intraday markets, let's take a broader perspective of the past few days to see specifically how clean TICK Divergences helped you trade "swings" or mini-reversals intraday in the SPY or S&P 500 index.
Here's the broader multi-day chart:

Click for full-size image.
This is picking up – or expanding – where my prior post  "Trading and Forecasting with the TICK – Lesson April 11" ended.  Be sure to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 13 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9626, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, Friday&rsquo;s low, and resistance at 0.9656, today&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 0.21% to hit 1.4446 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

04/13 FX Options Report

Posted: 13 Apr 2011 11:50 AM PDT

The USD pared back earlier session weakness vs. the EUR. The commodity currencies and the SEK strengthened vs. the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 13 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4442, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4520, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.35% to hit 0.8875 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

March Pulse Of Commerce Index At 32-Month High

Posted: 13 Apr 2011 11:44 AM PDT

“The Ceridian-UCLA Pulse of Commerce Index (PCI), a real-time measure of the flow of goods to U.S. factories, retailers and consumers, rose 2.7% on a seasonally and workday adjusted basis in March, more than offsetting the 0.3% decline in January and the 1.5% decline in February. On a quarter over quarter basis, the PCI is up 3.9% at an annualized rate, a welcome acceleration from the relatively weak growth of the PCI experienced in the second half of 2010.

"The PCI growth of 3.9% for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Breaks 100 Hour MA And Tests Fibo Support

Posted: 13 Apr 2011 11:20 AM PDT

The market stayed below the 1.4454 level as per the previous post and took another bite of the downside. The price fell below the 100 hour MA at 1.4431 and tests the 38.2% of the move up from the April 7th low. That level comes in at 1.4413.  This level is finding some buyers (profit takers). This is as expected as the trend has been higher and the bears need to take control by selling below this key corrective support level to wrestle some control from the bulls. 
Now, if the price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Altman Z-Score: Is It Possible To Predict Corporate Bankruptcy Using A Formula?

Posted: 13 Apr 2011 10:26 AM PDT

In Brief
The Altman Z-score is a combination of five weighted business ratios that is used to estimate the likelihood of financial distress. If the credit crunch itself wasn't lesson enough, respected fund manager Anthony Bolton has emphasised the importance of understanding credit risk when investing in equities: "When I analysed the stocks that have lost me the most money, about two-thirds of the time it was due to weak balance sheets. You have to have your eyes open to the fact … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tower Resources Upbeat On Forthcoming Drilling Plans In Namibia And Uganda

Posted: 13 Apr 2011 05:26 AM PDT

Tower Resources (LON:TRP) , the oil and gas exploration company with operations in Namibia and Uganda, said this morning that initial independent analysis of its acreage offshore Namibia supported the view that there could be huge resource upside there. The company's partner on the licence, Arcadia Petroleum, is funding Tower's involvement in the first well and is understood to be progressing efforts to secure a rig with a view to drilling by around the end of 2011. Elsewhere, Tower said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Four Examples Of China’s Amazing Growth

Posted: 12 Apr 2011 10:00 PM PDT

It's hard to grasp the out-of-this-world growth China has experienced over the past few decades. The country's GDP has grown tenfold since Deng Xiaoping's reforms ushered in a new economic era in 1978. However, pessimists point to the very low base from which the economic growth began and the fact that Beijing has manufactured this GDP growth via government subsidies.
True, China's economy in the 1970s was less than a blip on the global radar, and the Chinese government has kept the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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