Monday, April 4, 2011

DailyMarkets.com - Chase Credit Cards – Which Chase Card To Get In 2011?

DailyMarkets.com - Chase Credit Cards – Which Chase Card To Get In 2011?

Chase Credit Cards – Which Chase Card To Get In 2011?

Posted: 04 Apr 2011 07:35 AM PDT

A Chase credit card, in our opinion, is one of the best credit cards to have in your wallet these days. Issued by JPMorgan Chase (NYSE:JPM), one of the biggest banks in the US, a Chase card may let you earn rewards, cash rebates, free air tickets, free hotel nights or even unique experiences.

Besides offering MasterCard (NYSE:MA) and Visa (NYSE:V) cards, Chase also partners with hotels and airlines like United (UAL), Southwest (NYSE:LUV) and Continental to offer co-branded cards. Since Chase credit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD’s Correction To End Around 1.3395, 1.3365

Posted: 04 Apr 2011 07:11 AM PDT

AUD/NZD

Short to Medium Term- The AUD/NZD is declining in a second swing since a rally failed to break above 1.3750 last week. A break below the SMA 200, and a 3-wave  pattern rally to end the week, suggests a bearish swing towards 1.3395. A bigger swing projection targets the 1.3365 level.
- This would complete an ABC correction, suggestive of a rally back towards the highs near 1.38.
-  A swing projection from around this 1.34 area targets 1.40, or maybe 1.39 if we bottom closer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, April 4, 2011 Special Alert NUAN

Posted: 04 Apr 2011 07:05 AM PDT

We are going to remove the position in Nuance Communications (symbol: NUAN) added on March 14, 2011 at the current intra-day price of $19.58.  This position was added at $17.53.  While on the watch list NUAN gained 11.7% in 21 days.  We now have zero positions in our watch list for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABB Builds Order Book

Posted: 04 Apr 2011 06:55 AM PDT

ABB Ltd (NYSE:ABB) has won an order valued at $165 million from State Grid Corporation of China for supplying 800 KV ultra-high voltage direct current transformers.
The converter transformers will facilitate a reliable flow of power across a new UHVDC link meant for transmitting hydropower from Yalong river in Sichuan province to the Jiangsu province on the eastern coast of China.
The emerging markets have significantly benefited the company and are expected to be a major driver of growth. With … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Did Wall Street Violate The Racketeering Act?

Posted: 04 Apr 2011 06:50 AM PDT

I want to thank a regular reader for prompting me to tune into 60 Minutes last evening. Watching CBS's Scott Pelley evidence how Wall Street banks knowingly and fraudulently engaged in forging mortgage documents made me cringe and vomit as I thought of just how low these financial institutions have sunk in terms of corporate integrity.
As state attorneys general prepare to pursue these Wall Street banks for the activity of forging these documents, I would raise the question whether this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD’s Pullback Might Present Shorting Opportunity

Posted: 04 Apr 2011 06:49 AM PDT

USD/CAD

Short to Medium Term- Anytime we write the word "opportunity", make sure to read the disclaimer. There is always an opportunity to win or lose, but the USD/CAD has been bearish for such a long time, and has maintained steadily lower highs and lows. There has been choppy corrections, but none so significant to signal a reversal.
- If the current rally is not the one to reverse the bearish market, it should present shorting opportunity as all the previous rally attempts have.
- A … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Rebounds From Multi-year Low As Risk Appetite Wanes

Posted: 04 Apr 2011 06:38 AM PDT

Forex Pros &ndash; The U.S. dollar rebounded from a multi-year low against its Canadian counterpart on Monday, as risk appetite appeared to wane, denting demand for riskier assets.<br /><br />USD/CAD clawed back up from 0.9616, the pair&rsquo;s lowest since November 14, 2007 to hit 0.9665 during early U.S. trade, gaining 0.33%.<br /><br />The pair was likely to find support at 0.9616, the days low and a multi-year low and resistance at 0.9705, Friday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Family Dollar Stores

Posted: 04 Apr 2011 06:36 AM PDT

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently posted second-quarter 2011 results.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
Family dollar's quarterly earnings of 98 cents a share was in line with the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Allergan, Alexander & Baldwin, Allstate, Greenhill, IntercontinentalExchange, Interpublic Group Of Companies, Main Street Capital, Middleburg Financial, NASDAQ OMX Group, NYSE Euronext

Posted: 04 Apr 2011 06:35 AM PDT

 The Nasdaq OMX Group (NASDAQ:NDAQ) and the IntercontinentalExchange (NYSE:ICE) announced a joint proposal to acquire NYSE Euronext (NYSE:NYX) for $42.50 per share in cash and stock, or approximately $11.3 billion, based on the closing prices of the respective stocks as of March 31, 2011

 RW Baird initiated coverage on Main Street (NASDAQ:MAIN) with an Outperform rating

 JMP Securities upgraded Sabra Healthcare (SBRA) to Outperform from Market Perform

 Roth Capital initiated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Rite Aid

Posted: 04 Apr 2011 06:35 AM PDT

Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on April 07, 2011. The current Zacks Consensus Estimates for the quarter is a loss of 21 cents a share. For the quarter under review, revenue is $6,379.0 million, according to the Zacks Consensus Estimate.
Third-Quarter 2011, Summary
Rite Aid’s third-quarter net loss lowers to $81.5 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Random Monday Links

Posted: 04 Apr 2011 06:31 AM PDT

1. Gloom and doom from Robert Reich: “The Truth About the Economy that Nobody In Washington Or On Wall Street Will Admit: We're Heading Back Toward a Double Dip.”

2. Senators Bacus and Kerry argue in the WSJ that Congress should pass the U.S.-Colombia Free Trade Agreement (FTA). Colombian products have nearly complete access to U.S. markets, while U.S. farmers face an average tariff of 30% in Colombia, and manufacturers face a 14% rate. The Colombia FTA will eliminate tariffs for U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure

Posted: 04 Apr 2011 06:19 AM PDT

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

British Pound: Under Pressure

Posted: 04 Apr 2011 06:19 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 04 Apr 2011 06:19 AM PDT

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

Swiss Franc: Under Pressure

Posted: 04 Apr 2011 06:19 AM PDT

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

This Week In The Euro – Apr 4th-8th: First ECB Rate Hike On The Way

Posted: 04 Apr 2011 06:13 AM PDT

The Euro is at an important stage right now as the European Central Bank is set to be the first out of the big four central banks (Fed, ECB, BOE, BOJ) to raise interest rates.
While the consensus forecasts calls for a 25 basis point increase to 1.25% from 1%, there is a bout a 45% chance, according to futures traders, of a 50 basis point hike.
The anticipation to the ECB Interest Rate Decision event has already put the EUR at a key critical resistance level heading into this week near 1.4240. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UDR Acquires Assets In Manhattan

Posted: 04 Apr 2011 06:07 AM PDT

UDR, Inc. (NYSE:UDR) has recently completed the acquisition of 10 Hanover Square, a 493-home apartment community in the thriving financial district of Manhattan in New York City for $260.8 million from the Witkoff group.
The acquisition was funded through the assumption of an existing $192.0 million mortgage debt, issuance of operating partnership units worth approximately $64.3 million (with a floor price of $25 per unit) and approximately $4.5 million of cash-in-hand.
The 23-story building was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ACE Close NY Life’s Hong Kong Buy

Posted: 04 Apr 2011 06:07 AM PDT

Property and casualty insurer, ACE Limited (NYSE:ACE) wrapped up the acquisition of New York Life's Hong Kong operations for $350 million in cash.
Initially, in October 2010, ACE Limited inked a deal to acquire New York Life's Hong Kong and Korea life insurance operations for a cash consideration of $425 million. The agreement, was however, amended to facilitate separate closings for the Korea and Hong Kong operations.
On February 1, 2011, ACE Limited closed the acquisition of New York … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goodrich To Buy Microtecnica

Posted: 04 Apr 2011 06:07 AM PDT

Goodrich Corporation (NYSE:GR) has signed an agreement to acquire Microtecnica for approximately $462.0 million from the European private equity firm Stirling Square Capital Partners.  
Microtecnica is the premier provider of flight control actuation systems for helicopter, regional and business aircraft, missile actuation, and aircraft thermal and environmental control systems. Stirling Square Capital Partners had bought the firm in July 2008 from a subsidiary of United Technologies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Growth To Slow Sharply In Q1

Posted: 04 Apr 2011 06:07 AM PDT

The fourth quarter earnings season is over, and now the focus turns to the first quarter. We already have 23 (4.6%) first quarter S&P 500 reports in.

The fourth quarter earnings season was a strong one, with total net income for those firms rising 30.7% over a year ago. The median surprise of 3.61% was also fairly strong, although the ratio of positive-to-negative surprises is only somewhat above normal at 3.14.

While it’s far too early to draw any conclusions, it looks like we are off to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Eases Off 10-month High As Rate Hike Priced In

Posted: 04 Apr 2011 06:02 AM PDT

Forex Pros &ndash; The euro eased off a 10-month high against the yen on Monday, on the back of the view that a rate hike by the European Central Bank later this week was now priced in by markets.<br /><br />EUR/JPY retreated from 120.04, the pair&rsquo;s highest since May 10, 2010 to hit 119.55 during European afternoon trade, dipping 0.06%.<br /><br />The pair was likely to find support at 117.66, Friday&rsquo;s low and resistance at 112.27, the high of May … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Reaching 38.70 Target; 39.85-39.90 Is Next

Posted: 04 Apr 2011 06:01 AM PDT

Weekly Gold and Silver Update 4/1
Silver (XAG/USD)

Short to Medium Term
- Silver shows strong bullish momentum as the 1H and 4H RSI broke above 70. This confirms price action breaking above the 38.15 high, and the market is continuing towards the 38.70, 161.8% extended retracement, as well as 39, swing projection.
- We might get short-term resistance here as the momentum is a bit overbought. However, the same overbought signal tells us of upside prospect.
- For a drop from the 39 area, we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Futures Point To Higher Open; Dow Futures Add 0.15%

Posted: 04 Apr 2011 05:46 AM PDT

Forex Pros &ndash; U.S. stock futures pointed to a higher open on Monday, amid growing optimism over the pace of the U.S. economic recovery, while shares in General Electric climbed ahead of the open.&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a gain of 0.15%, the S&amp;P 500 futures indicated a rise of 0.25%, while Nasdaq 100 futures climbed 0.45%.<br /><br />Meanwhile, shares in General Electric climbed 1.9% in pre-market trade after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold’s Bullish Targets Above 78.6% Retracement And 1447 Record High

Posted: 04 Apr 2011 05:45 AM PDT

Weekly Gold and Silver Update 4/1
Gold (XAU/USD)

Short to Medium Term
- The 1H chart shows invalidation of the bearish momentum as the RSI broke above 60. The bullish momentum still waits confirmation of RSI breaking above 70.
- We are testing the 1440, 78.6% retracement level. A break above this suggests bullish continuation. The 1447 is to be tested, and a break above that opens up fresh highs.
- We are still below the 1447 all time high, but the momentum is there and the price action … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ArcelorMittal Reduces Costs

Posted: 04 Apr 2011 05:36 AM PDT

Steel giant, ArcelorMittal (NYSE:MT) is trying to reduce costs by improving its self-sufficiency in steel manufacturing input materials – namely iron ore and coking coal. The company intends to increase iron ore capacity to 100 million metric tons from less than 60 million metric tons in 2010. Similar expansion plans for coal capacity are also expected soon.
Total steel shipments in the fourth quarter of 2010 were 21.1 million metric tonnes compared with 19.5 million metric tonnes in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD Testing Key Resistance Zone Below 1.62 While Completing ABC Correction

Posted: 04 Apr 2011 05:15 AM PDT

GBP/USD Has Support Pivot at 1.5940 and Resistance Pivot at 1.6060 (4/1)
Positive US Jobs Data Whips the Greenback (4/2 Video)
GBP/USD

Short to Medium Term- The GBP/USD broke last week's high of 1.6150, but is now testing an important resistance cluster. The 4H chart below shows this as 50% retracement, 200SMA and a previous pivot as well as a trendline connecting declining resistance pivots. The 61.8% retracement level at 1.6230 should be respected for the bearish oultook, or the market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed As Euro Pulls Back From 5-month High

Posted: 04 Apr 2011 05:11 AM PDT

Forex Pros &ndash; The U.S. dollar was mixed against its major counterparts on Monday, as the euro eased off a five-month high amid speculation that expectations for a euro zone rate increase were now priced in.<br /><br />During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.03% to hit 1.4229.<br /><br />Earlier Monday, official data showed that producer price inflation in the euro zone posted its sharpest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Higher, Boosted By U.K. Data, Vodafone Deal

Posted: 04 Apr 2011 05:00 AM PDT

Forex Pros &ndash; The pound was higher against the U.S. dollar on Monday, boosted by better-than-expected U.K. construction data and expectations for currency inflows after U.K. telecoms company Vodafone agreed to sell its stake in French mobile operator SFR.<br /><br />GBP/USD hit 1.6176 during European afternoon trade, the pair&rsquo;s highest since March 24; the pair subsequently consolidated at 1.6150, gaining 0.25%.<br /><br />Cable was likely to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Tops Off With Head And Shoulder; Retracement Target: 1.4150

Posted: 04 Apr 2011 04:42 AM PDT

Positive US Jobs Data Whips the Greenback (4/4 Video)
EUR/USD

Short to Medium Term- The EUR/USD 1H chart shows a lack of bullish momentum although strong price action reversed the initial post-NFP reaction.
- Remember there is key resistance at 1.4280, and the market topped off so far at 1.4267. There is a head and shoulder pattern that formed.
- The 1H RSI could not break through 60, and a break back below 40 would suggest that momentum is bearish.
- There is also a rally in the European … [visit site to read more] or compare Best Credit Cards and Best CD Rates

This Week In The USD – April 4th-8th: Fed’s Hawks Vs Fed’s Doves

Posted: 04 Apr 2011 04:32 AM PDT

1. Battle in the FOMC regarded Exit Strategy begins
These past 2 weeks have seen the opening salvos launched in the battle to determine the Fed's next course of action – as it gets ready to complete its $600 billion Quantitative Easing 2 program. If the Fed was to purchase the full amount at its current pace, the program would end 3 months from now in June.
The members of the FOMC are starting to show a diverging views on what to do next with some members who don't want to raise rates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Dips As ECB Rate Hike Now Likely Priced In

Posted: 04 Apr 2011 04:10 AM PDT

Forex Pros &ndash; The euro eased off a five-month high against the U.S. dollar on Monday, on the view that a rate hike by the European Central Bank later this week was already priced in to markets.<br /><br />EUR/USD hit 1.4193 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.4214, slipping 0.13%.<br /><br />The pair was likely to find support at 1.4114, last Thursday&rsquo;s low and short-term resistance at 1.4281, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex News – Central Banks On Focus This Week

Posted: 04 Apr 2011 04:08 AM PDT

By ForexMansion.com
 
Sentiment this week will be driven by central bank meetings and speeches by officials, although developments from Japan, Libya and the Middle East, alongside sovereign debt concerns from Europe will continue to make news.
Despite uncertainties that continue to dominate, optimism about the strengthening global economic recovery after the US presented a better than expected jobs report on Friday, brought gains in Asia today as sentiment improved.
Risk appetite continues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Daily Outlook For April 05, 2011

Posted: 04 Apr 2011 04:07 AM PDT

By ForexMansion.com
 
The Australian dollar fell against the New Zealand dollar with the beginning of the week after the pair succeeded in penetrating the consolidation area to the downside, which gave the New Zealand dollar enough momentum to witness more gains against the AUD.
On the other hand, the high records achieved by the Australian dollar against the U.S. dollar gave investors the impression that the Australian dollar gains will stop soon, increasing demand for New Zealand against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Trading In A Narrow Range As U.S. Data Supports

Posted: 04 Apr 2011 03:55 AM PDT

Forex Pros &ndash; The U.S. dollar was trading in a narrow range against the Swiss franc on Monday, as the greenback remained supported by Friday&rsquo;s better-than-expected U.S. jobs data.<br /><br />USD/CHF hit 0.9220 during European early afternoon trade, the daily low; the pair subsequently consolidated at 0.9231, dipping 0.07%.<br /><br />The pair was likely to find support at 0.9125, last Thursday&rsquo;s low and resistance at 0.9340, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ariana Resources Upbeat On Results Of Scoping Study At Kiziltepe

Posted: 03 Apr 2011 11:44 PM PDT

Ariana Resources (LON:AAU) , the gold exploration and development company operating in Turkey, said this morning that it had finalised a resource estimate and scoping study report for the Kiziltepe sector of its flagship Red Rabbit project. The assessment was carried out by mining industry consultancy Wardrop and will eventually form part of a wider, ongoing pre-feasibility study of Kiziltepe. Red Rabbit is a in currently 89% held by Ariana in a joint venture with Turkish engineering company … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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