Tuesday, April 19, 2011

DailyMarkets.com - Citi Dividend Card – Get $100 Signing Bonus Here!

DailyMarkets.com - Citi Dividend Card – Get $100 Signing Bonus Here!

Citi Dividend Card – Get $100 Signing Bonus Here!

Posted: 19 Apr 2011 07:30 AM PDT

For a limited time period, and for readers of DailyMarkets.com, Citi (NYSE:C) is offering a $100 signing bonus for their Citi Dividend Platinum Card! You will get this $100 cash back when you spend $500 in the first 3 months of receiving this MasterCard (NYSE:MA) credit card. This special sign-up offer is not available on the main Citi website, so if you’ve been looking for a card that offers you cash back on purchases and gives you a 15 month 0% intro APR period for balance transfers and purchases, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 995

Posted: 19 Apr 2011 07:19 AM PDT

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

Bonds Rally In The Face Of S&P Revision

Posted: 19 Apr 2011 07:18 AM PDT

Today’s Idea
Bond market fundamentals remain bearish. The greenback remains relatively weak and the government cannot seem to reign in debt. However, the European debt situation could help avoid a complete market meltdown. Technically, the market is running into resistance, and it is difficult to see prices with enough momentum to cross through the 122-16 level. For this reason, some traders may look to sell a June Bond 124 call for a premium of 0-30, or $468.75. The maximum profit would be the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Trying To Find Bottom But Going Is Tough

Posted: 19 Apr 2011 07:10 AM PDT

Better economic data in Canada has the CAD stronger today with CPI well above expectations and LEading indicators also higher than expectations.

The price moved to a low at 0.9547. The 0.9568 level (lows from April 6th and April 7th) is eyed on the rebound as resistance.  Oil is down 0.42 cents today which counteracts some of the strength from the strong inflation and strong Leading Indicators. However, oil was down over $1 earlier so this should keep the pressure on for the pair. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dean Foods Hunts For Buyers

Posted: 19 Apr 2011 07:05 AM PDT

One of the leading processor and distributor of milk and other dairy products in the U.S., Dean Foods Company (NYSE:DF), recently declared its intention to divest its milk processing and related businesses situated in Waukesha, Wisconsin. Dean Foods’ 170,000 square-foot milk processing facility and equipment, brands and other related assets will be included in the divestiture.
The divestment decision is a part of antitrust dispute settlement agreement between the company and the U.S. Department of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Millicom Outperforms In 1Q11

Posted: 19 Apr 2011 07:05 AM PDT

Millicom International Cellular S.A. (NASDAQ:MICC) declared its first quarter of 2011 financial results. Net income for the first quarter of 2011 was $230 million or $2.17 per share compared with $156 million or $1.43 per share in the year-ago quarter. However, excluding one-time items, adjusted EPS in the reported quarter was $1.91, miles ahead of the Zacks Consensus Estimate of $1.53.
Total revenue for the quarter was $1,081 million, up 13% year over year and also abovethe Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 19 Apr 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7886, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.7822, today&rsquo;s low, and resistance at 0.8004, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.28% to hit 1.3320 and EUR/NZD rising 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURJPY Corrects Off The Lows. Looks For Rotation Back Down

Posted: 19 Apr 2011 06:45 AM PDT

The EURJPY fell sharply yesterday reaching a new low for April at 116.45. The fall fell through channel support in the process.  In London trade today the price extended back above the trendline and approached the 38.2% retracement of at 118.34. This is of the last leg to the downside in the pair.
The ability to hold that retracement keeps the bears in charge in the short term. A move back below the channel trendline at 117.64 currently, should give bears additional confidence. Failure to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Packaging Misses Zacks Estimates

Posted: 19 Apr 2011 06:35 AM PDT

Packaging Corporation of America (NYSE:PKG) reported net sales of $629.5 million in the first quarter of 2011, up 14.3% from the year-earlier quarter, and  ahead of the Zacks Consensus Estimate of $628 million. 
Corrugated products shipments improved 3.1% from the year-earlier quarter. Outside sales of containerboard were up 1% from the year-earlier quarter.  Containerboard production increased 5.8% from the year-earlier quarter to 602,000 tons.
Exiting the quarter, the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Amarin Corporation PLC, BMC Software, Citigroup, CommVault Systems, Community Health Systems, Genco Shipping, Gap, Goldman Sachs Group, Marvell Technology Group, Ltd., Papa John’s International

Posted: 19 Apr 2011 06:35 AM PDT

 Amarin’s (NASDAQ:AMRN) share prices sky rocketed 95% after promising results from a new cholesterol drug led to speculation that the company could soon be a takeover target for Big Pharma

 Share prices of Marvell (NASDAQ:MRVL) dropped 4.57% after Susquehanna downgraded the stock to “Neutral” from “Positive” and slashed the target price to $17 from $23

 Late on Friday, pizza chain Papa John’s International Inc. (NASDAQ:PZZA), said its co-CEO had resigned from the company

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

Earnings Preview: Diamond Offshore

Posted: 19 Apr 2011 06:35 AM PDT

Leading oil and gas drilling contractor, Diamond Offshore Drilling Inc. (NYSE:DO), is expected to report its first quarter 2011 earnings on Thursday, April 21, before the opening bell. The Zacks Consensus Estimate for the first quarter is $1.44 per share.
Preceding Quarter Recap
Diamond's earnings per share, excluding one-time items, came in at $1.74 in fourth quarter 2010, surpassing the Zacks Consensus Estimate of $1.45. However, results were below the year-ago profit of $1.98 per share. Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Rejected At Key Pivot With Bearish Momentum Intact

Posted: 19 Apr 2011 06:26 AM PDT

Reward to Risk Assessment and Position Sizing in a Short-USD/CAD Setup (4/13)
USD/CAD

Short Term to Medium Term- The rally since 0.9530 has been choppy while the decline before that showed non-overlapping swings. This structure last week strengthened the case that the rally in the USD/CAD was setting up for bearish continuation. The USD/CAD has been in a declining channel since August 2010. Before that, we had an even sharper decline in 2009.
- Bearish continuation has the 2007 low targets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 19 Apr 2011 06:25 AM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2846, up 0.67% at time of writing.<br/><br/> The pair was likely to find support at 1.2730, today&rsquo;s low, and resistance at 1.2958, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.37% to hit 1.4286 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Euro Takes Back Losses, BoC Rate Hike Expectations Surge

Posted: 19 Apr 2011 06:24 AM PDT

The Euro and the Canadian Dollar were the two strongest major currencies headed into the North American session, as a return to risk following yesterday's sell-off coupled with stronger-than-expected Canadian inflation data boosted rate hike expectations for America's northern neighbor. Canada's inflation rate, measured by the consumer price index, accelerated to its fastest rate in more than 2 ½ years in March, blowing through analysts' expectations, according to a Bloomberg News … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 19 Apr 2011 06:18 AM PDT

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

Japanese Yen: Under Pressure

Posted: 19 Apr 2011 06:18 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 19 Apr 2011 06:18 AM PDT

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

British Pound: Under Pressure

Posted: 19 Apr 2011 06:17 AM PDT

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

Forex Trading: EURUSD Rotates Back To The Downside As Stocks Look To Open

Posted: 19 Apr 2011 06:13 AM PDT

THe EURUSD has rotated back down after failing to continue rally much above the 38.2% retracement level. The market will be watching the 1.4294 level now as resistance. If the price can hold this level, we should see some further selling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RLI Corp. Ahead Of Estimates

Posted: 19 Apr 2011 06:06 AM PDT

RLI Corp. (NYSE:RLI) reported first-quarter 2011 operating earnings of $1.11 per share, beating the Zacks Consensus Estimate of 94 cents by 17 cents. Operating earnings were 18% ahead of 94 cents earned in the year-ago period.
Operating earnings for the quarter were $23.6 million, up 18% year over year. The improvement over the prior-year quarter may primarily be attributable to lower expenses and better performance at the Property and Surety … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Manpower

Posted: 19 Apr 2011 06:06 AM PDT

Manpower Inc. (NYSE:MAN), the global leader in the employment services industry, is scheduled to report its first-quarter 2011 financial results before the bell on Thursday, April 21, 2011. The current Zacks Consensus Estimate for the quarter is 32 cents a share. For the quarter under review, revenue is $4,897 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
On February 2, 2011, Manpower posted fourth-quarter 2010 results that topped the Zacks estimates on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 19 Apr 2011 06:00 AM PDT

04/19/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 19 Apr 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9576, down 0.70% at time of writing.<br/><br/> The pair was likely to find support at 0.9548, today&rsquo;s low, and resistance at 0.9722, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.33% to hit 1.4280 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF In A Range Breakout Targeting 1.48

Posted: 19 Apr 2011 05:56 AM PDT

GBP/CHF
Short- term- The GBP/CHF has been in a range roughly between 1.4630 and 1.4540, although the support extended lower, and the range shaped into an expanding triangle or wedge. There was a bit of squeeze seen since last week, although it was not long enough to be technically considered a volatility squeeze.
-  We have a break above 1.4630 in the European session, but there is a throwback heading into the US session.
- The breakout has not been confirmed yet. A break back below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Housing Starts Jump In March, Was February A Bottom Or Is March A Dead Cat Bounce

Posted: 19 Apr 2011 05:48 AM PDT

Data today showed that the US construction sector did in fact bounce back from a very rough February. Home constructions in March jumped 7.2% to an annual rate of 549,000, from an upwardly revised 512,000 in February.

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The climb was better than expected and could mean that the February reading could set a low for this leading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Housing Starts Rise More-than-expected

Posted: 19 Apr 2011 05:45 AM PDT

Forex Pros – U.S. housing starts rose more-than-expected last month, official data showed on Tuesday.<br/><br/> In a report, the Census Bureau said that the number of housing starts rose to 0.55M, from 0.51M in the preceding month whose figure was revised up from 0.48M.<br/><br/> Analysts had expected the number of housing starts to rise to 0.52M last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: AT&T

Posted: 19 Apr 2011 05:35 AM PDT

The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is slated to release its first quarter 2011 earnings on April 20 before market opens. The current Zacks Consensus Estimate for the first quarter is 57 cents, representing a decline of 1.31% from the year-ago level.
AT&T had average positive surprises of 5.38% in the last four quarters of 2010. We expect the first quarter to be a negative surprise as AT&T lost the exclusive hold on Apple Inc.'s (NASDAQ:AAPL) iPhone that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TI Results, Outlook Hurt By Japan

Posted: 19 Apr 2011 05:25 AM PDT

Texas Instruments Inc. (NYSE:TXN) reported first quarter earnings that were down 21% sequentially and up 3.7% year over year, missing the Zacks Consensus estimate by 2 cents, or 3.4%. The earthquake in Japan, which impacted both TI's own operations and that of its customers and a weaker-than-expected baseband revenue from a key customer — possibly Nokia Corp (NYSE:NOK) — contributed to the weakness.
Estimates have been moving downward since the Japan quake, but this did not affect the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zions Swings To Profit, Beats Ests.

Posted: 19 Apr 2011 05:25 AM PDT

Zions Bancorp. (NASDAQ:ZION) reported first quarter 2011 earnings of 29 cents per share, exceeding the Zacks Consensus Estimate of a loss of 17 cents and marking the company's return to profitability after almost two years. This also shows an improvement from the prior quarter's loss of 25 cents.
After considering non-cash effects of the discount amortization on convertible subordinated debt and additional accretion on acquired loans, Zions reported first quarter net profit of $14.8 million or 8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Makes New Low For Day. Low For Year In Sites

Posted: 19 Apr 2011 05:22 AM PDT

The higher than expected CPI has the USDCAD moving lower. The YoY rose to 3.3% from 2.8%. The core CPI rose to 1.7% from 1.2%. Prices rose across the board with the headline up 1.1% and the core (which subtracts volatile measures) rose by 0.7%.
The USDCAD has support at 0.9557, 0.9541 and the low from April 8th at 0.9525. A break of this level would represent the lowest level since November 2007.

The upside resistance levels come in at 0.9595 now up to 0.9601.
With the higher inflation, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Rallying After ABC Correction

Posted: 19 Apr 2011 05:15 AM PDT

GBP/USD's ABC Correction Scenario (4/18)
GBP/USD
Short- term- The decline was anticipated to reach 1.6180. The market reached 1.6170 and rallied in the later part of the US session, into the Asian session, then continued rallying during the European session, although at a much slower pace.
- So far this rally has completed a near-term course. That means, it has retraced 61.8%, and in the 1H chart we can see the rally now testing the 200SMA as well as a pivot area near 1.6330. The RSI is also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 19 Apr 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8778, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 0.8742, Monday&rsquo;s low, and resistance at 0.8882, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.54% to hit 1.4310 and EUR/JPY rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada’s Inflation Surges In March, CAD Jumps On Rate Expectations

Posted: 19 Apr 2011 04:59 AM PDT

The Canadian Dollar strengthened today, climbing to a 1-week high against the USD, as consumer inflation data for March came in red-hot, beating analysts expectations.
Headline consumer prices rose 1.1%, far stronger than the 0.3% seen in February, and the consensus forecast of an increase to 0.7%.
Here is a look at Canada's monthly change in headline CPI over the last 5 years:

var div = jQuery(“”).css({
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… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Weakness Contained In Channel; 1.4370 Is Key Pivot

Posted: 19 Apr 2011 04:44 AM PDT

EUR/USD in a Reversal from 1.4520; Rising Channel Contains Weakness (4/18)
EUR/USD
Short-Term- The EUR/USD dipped to 1.4156 then rallied and wavered around the 1.4230, 61.8% retacement level during late US, and into the Asian session until the European session began. Then until the start of the US session, the market is attempting a pullback.
- The 4H chart shows that the decline has so far been contained in a rising channel, although price action did "crack" the support.
- The rally will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 19 Apr 2011 04:30 AM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Tuesday.<br/><br/> GBP/CHF was trading at 1.4657, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.4521, Monday&rsquo;s low, and resistance at 1.4671, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.25% to hit 1.6306 and EUR/GBP rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 19 Apr 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0497, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.0443, today&rsquo;s low, and resistance at 1.0579, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.41% to hit 1.3601 and AUD/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Follow Stock Markets Lower, Gold Reclaiming Safe-Haven Status

Posted: 19 Apr 2011 03:22 AM PDT

Commodities – Energy
Crude Oil to Extend Losses on Risk Aversion
WTI Crude Oil (NY Close): $107.12 // -2.54 // -2.32%
Prices are wedged between $109.37 and $104.82, the 23.6% and 38.2%Fibonacci retracements of the 3/16-4/11 advance, respectively. Overall positioning appears bearish as long as prices remain below support-turned-resistance at a rising trend line set from the lows in mid-February (now at $111.85), with a break through current support initially exposing the 50% Fib at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 19 Apr 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8990, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 0.8896, Thursday&rsquo;s low, and resistance at 0.9000, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.27% to hit 1.4271 and USD/JPY falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oxford Nutrascience Enters Brazilian Pharmaceutical Market With New Agreement

Posted: 19 Apr 2011 12:23 AM PDT

Oxford Nutrascience (LON:ONG) , the specialist pharmaceutical company that uses pharmaceutic and drug delivery science to develop advanced medicines, has signed an exclusive licensing and distribution agreement with Aché Laboratórios Farmacêuticos S.A., one of Brazil's largest pharmaceutical companies. Under the terms of the seven year agreement Oxford Nutrascience will supply Aché with healthcare products which will be sold under Aché's women's health brand, called 'Inellare'. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peter Lynch Investing Screen: Searching For Undiscovered Growth Stories

Posted: 18 Apr 2011 11:21 PM PDT

In Brief
A "fast growers" screen which looks for consistently profitable, relatively unknown, low-debt, reasonably priced stocks with high, but not excessive, growth 
Background
Mr. Lynch developed his investment philosophy at Fidelity, and gained his considerable fame managing Fidelity’s Magellan Fund. The fund was among the highest-ranking stock funds throughout Mr. Lynch’s tenure, which began in 1977 at the fund’s launching, and ended in 1990 when Mr. Lynch retired. His selection … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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