Tuesday, April 5, 2011

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

Forex – EUR/USD Up In Asian Trade

Posted: 05 Apr 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4232, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8729 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alpha-Massey Merger OK’d

Posted: 05 Apr 2011 04:35 PM PDT

Alpha Natural Resources Inc. (NYSE:ANR) and Massey Energy Company (NYSE:MEE) have said their merger agreement entered in January 2011 has received the necessary antitrust approvals.
The companies announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with Alpha’s agreement to acquire Massey. The companies have also met all the required antitrust conditions to closing the deal.
However, the merger transaction between Alpha and Massey … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive Stent Results From BSX

Posted: 05 Apr 2011 04:35 PM PDT

Boston Scientific (NYSE:BSX) presented an analysis on data derived from two trials – Perseus and Taxus Atlas at the American College of Cardiology annual conference. It was observed that the Ion platinum chromium (PtCr) paclitaxel-eluting stent system (Taxus Element) compared favorably to the currently available Taxus Liberte paclitaxel-eluting stent system.
Both the stents employ the same drug and polymer. However, the former demonstrated better performance in case of major adverse cardiac … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sallie Mae Downgraded To Neutral

Posted: 05 Apr 2011 04:35 PM PDT

We have downgraded our recommendation on SLM Corp. (NYSE:SLM), better known as Sallie Mae, to Neutral from Outperform in anticipation of slower credit quality improvement due to this sluggish economic recovery.
In January, Sallie Mae reported fourth quarter 2010 core earnings of 75 cents per share, marginally ahead of the Zacks Consensus Estimate of 72 cents. The results also compare favorably with the prior-year quarter's core earnings of 44 cents per share.
Favorable results were primarily … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Moody’s Ups MoneyGram Debt Rating

Posted: 05 Apr 2011 04:35 PM PDT

The rating agency, Moody's Investors Services, a unit of Moody's Corporation (NYSE:MCO), provided debt ratings to MoneyGram International Inc. (NYSE:MGI) and upgraded its outlook.
Moody’s assigned new debt ratings of Ba1 and CFR of B1. In addition, Moody's raised its debt outlook to positive on the new debt refinancing for MoneyGram Payment Systems Worldwide.
MoneyGram Payment Systems Worldwide recently planned to refinance its existing senior credit facilities and replace them with a new $540 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade

Posted: 05 Apr 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 85.08, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 82.57, Thursday&rsquo;s low, and resistance at 85.23, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.01% to hit 1.4224 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TMO Completes 2 Biz Sales

Posted: 05 Apr 2011 04:05 PM PDT

Thermo Fisher Scientific (NYSE:TMO) has completed the sale of its two laboratory-testing services businesses – Athena Diagnostics and Lancaster Laboratories, in two separate transactions. These two businesses contributed 11 cents to the company's adjusted EPS in 2010. Thermo Fisher will provide an updated 2011 guidance in the second quarter.
Earlier, in February 2011, the company decided to sell Athena Diagnostics to leading diagnostics player Quest Diagnostics (NYSE:DGX) for $740 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Best Buy In Neutral Lane

Posted: 05 Apr 2011 04:05 PM PDT

We are reiterating our long-term Neutral recommendation on Best Buy Company Inc. (NYSE:BBY) with a price target of $30.00.
Best Buy's customer-centric operating model remains the driving factor behind its growth. The company tailors its store merchandising, staffing, marketing and presentation to meet the distinct needs of targeted customers. The company's wide array of assortments, store formats and brand marketing strategies provide an edge over competitors.
Best Buy recently posted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VisualSonics’ New Imaging System

Posted: 05 Apr 2011 04:05 PM PDT

VisualSonics, a fully-owned subsidiary of SonoSite (NASDAQ:SONO), and a market leader in real time, in vivo, superior resolution micro-imaging systems, is exhibiting its new Vevo LAZR Photoacoustics Imaging system at the annual conference of the American Association of Cancer Research being held in Orlando, Florida, from April 2 to April 6, 2011
VisualSonics has designed its latest system for use in pre-clinical research and it may bring about a significant breakthrough in oncology research. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

P&G Sells Pringles To Diamond Foods

Posted: 05 Apr 2011 03:55 PM PDT

04/05/11 Proctor & Gamble is selling its Pringles brand to Diamond Foods Inc., in a $2.35 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xerox To Do Tech For MGM

Posted: 05 Apr 2011 03:40 PM PDT

Affiliated Computer Services Inc. (“ACS”), a subsidiary of Xerox Corp. (NYSE:XRX), has signed a $200 million five-year contract with MGM Resorts International (NYSE:MGM) to provide managed information technology services to the latter.
MGM Resorts International is a leading hospitality company having a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. It has nearly 16 resorts and 165 restaurants under control, particularly in Nevada, Mississippi, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marathon, Lucas Share Rights

Posted: 05 Apr 2011 03:35 PM PDT

A subsidiary of Marathon Oil Corporation (NYSE:MRO) has struck a joint venture deal with Houston-based Lucas Energy Inc. (LEI) for the development of Eagle Ford and Buda formations in Wilson County in Texas.
Under the agreement, Marathon, through its subsidiary Marathon Oil (East Texas) LP, acquired 50% of Lucas' leasehold interest rights in Wilson County. This also represents approximately 1,000 net acres below the base of the Austin Chalk formation. Marathon will hold the operatorship of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADM Teams With Prairie Pride

Posted: 05 Apr 2011 03:35 PM PDT

Archer Daniels Midland Company (NYSE:ADM) announced that it is acquiring the soybean facility from Prairie Pride, Inc. The company also announced its intention to form a partnership deal with the company for its biodiesel business. Both the acquisition and the partnership deal will augment the growth strategy of Archer Daniels and go well with the integrated business model of the company.
Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down In Asian Trade

Posted: 05 Apr 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7678, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.7582, Friday&rsquo;s low, and resistance at 0.7724, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.10% to hit 1.3453 and EUR/NZD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Weekly Mortgage Applications, EIA Oil Inventories, Euro-zone 4Q GDP

Posted: 05 Apr 2011 10:20 AM PDT

04/05/11 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 Best CD Rates

Top Trade Ideas For Wednesday April 06

Posted: 05 Apr 2011 03:11 PM PDT

   ( click to enlarge ) 

Alcoa Inc. (NYSE:AA) broke out to a new 52-week high today, accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. MACD shows positive signs and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

( click to enlarge ) 

Valeant Pharmaceuticals Int (NYSE:VRX) has been is on a remarkable run since December and it doesn't looks like the trend will change soon. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morgans Hotel Goes Asset-Light

Posted: 05 Apr 2011 03:10 PM PDT

Morgans Hotel Group Co. (NASDAQ:MHGC) recently inked a definitive agreement to sell its Royalton and Morgans hotels for $140 million to an affiliate of FelCor Lodging Trust Inc. (NYSE:FCH). The sale price for the two hotels represents a value of approximately $500,000 per room.  The hotels generated 3.8 million of EBITDA in 2010 before internal management fees.
Per the deal, Morgans Hotel will continue to operate the hotels under a 15-year management agreement. The tenure can be extended for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

KB Home Loss Narrows

Posted: 05 Apr 2011 03:05 PM PDT

KB Home (NYSE:KBH) posted a narrower loss of $38 million or 49 cents per share in the first quarter of fiscal 2011 compared with $54.7 million or 71 cents per share in the year-ago quarter. However, the loss was broader than the Zacks Consensus Estimate of a loss of 27 cents per share for the quarter.
The loss in the quarter excluded joint venture impairment charge of $53.7 million and a loss on loan guaranty of $22.8 million related to the company's investment in South Edge, LLC.
Total revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pfizer Finds Buyer For Capsugel

Posted: 05 Apr 2011 03:05 PM PDT

Pfizer(NYSE:PFE) recently struck a deal with Kohlberg Kravis Roberts & Co L.P. (KKR) for the sale of its Capsugel unit. Pfizer said that it will be selling the unit for $2.375 billion in cash. The sale price looks good at 3.2x trailing 12-month sales.
Capsugel, which is a part of Pfizer's Diversified business segment, is a provider of hard capsules and drug-delivery systems. The unit posted sales of about $750 million in 2010 and manufactured more than 180 billion hard capsules in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China CGame & The Committee

Posted: 05 Apr 2011 03:05 PM PDT

China CGame Inc. (CCGM) announced its cooperation with the Administrative Committee of the Jiangsu Wujin High Technology Industrial Development Zone, a branch of the Wujin district government in the city of Changzhou, also called the Committee.
Under the terms of the agreement, China CGame has established a subsidiary called Changzhou ConnGame Network, Ltd in the city of Changzhou and has agreed to shift its headquarters to Changzhou. The Committee has also given the nod to make an equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JPMorgan To Expand In California

Posted: 05 Apr 2011 03:05 PM PDT

On Monday, JPMorgan Chase & Co. (NYSE:JPM) announced its plans to open 100 new banking branches in California by the end of this year. This is part of the company's expansion plan in California that it had announced in its Investors' Day presentation in February, where the company had announced the opening of 525 to 700 branches in California over the next five years.
Of the 100 new branches, JPMorgan stated that nearly 65 will be in Southern California (Los Angeles, Ventura, Riverside, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ISOFT Under CSC’s Wing

Posted: 05 Apr 2011 03:05 PM PDT

Computer Sciences Corporation (NYSE:CSC) is a global technology company offering a broad array of professional services to clients in commercial and government markets globally.
The company has entered into an agreement to acquire all of the outstanding equity of iSOFT Group Limited ("ISF"), the world's largest provider of advanced health care information technology (IT) solutions. The acquisition has been approved by the court.
iSOFT is expected to augment CSC's market-leading software … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic’s Stent Brings Glory

Posted: 05 Apr 2011 03:05 PM PDT

Results of  two major clinical studies of Medtronic (NYSE:MDT) presented at the annual conference of American College of Cardiology, proved Resolute drug-eluting stent (DES) to be a significant breakthrough in treating patients with coronary artery disease. Based on the success story, management remains highly confident about Medtronic's stent business going ahead.
The company presented data from one-year RESOLUTE US and two-year RESOLUTE All Comers trials. The studies were based on more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vertex’s Telaprevir Impresses Again

Posted: 05 Apr 2011 03:05 PM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive results from two late-stage trials REALIZE and ADVANCE. Both trials were conducted to evaluate telaprevir in combination with pegylated-interferon and ribavirin as a treatment for chronic hepatitis C.
The REALIZE study was conducted with chronic hepatitis C patients whose prior treatment with pegylated-interferon and ribavirin relapsed, or who had a partial or null response. Data from the trial demonstrated that patients treated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

We Have LIFTOFF! Also, Sold GDXJ ($40.25) Buy GPL ($4.23)

Posted: 05 Apr 2011 02:37 PM PDT

AWESOME!  Today we finally got the huge breakout in gold and the miners that we have been waiting for.  Here comes the rest of the C wave.  Fasten your safety belts.

Click on the charts to ENLARGE

Here is a look at today’s closing Amex Gold Bugs Index (HUI–X). Excellent True Strength Index indicator setups. Let the show begin!

I have been trying to move gold related positions over to the silver side of the ledger.  Today I got that opportunity when I was able to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

KB Home Loss Narrows

Posted: 05 Apr 2011 02:35 PM PDT

KB Home (NYSE:KBH) posted a narrower loss of $38 million or 49 cents per share in the first quarter of fiscal 2011 compared with $54.7 million or 71 cents per share in the year-ago quarter. However, the loss was broader than the Zacks Consensus Estimate of a loss of 27 cents per share for the quarter.
The loss in the quarter excluded joint venture impairment charge of $53.7 million and a loss on loan guaranty of $22.8 million related to the company's investment in South Edge, LLC.
Total revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: NSM, AA, ISPH, KBH

Posted: 05 Apr 2011 02:30 PM PDT

04/05/11 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 Best CD Rates

Arrow Makes Deal With Brocade

Posted: 05 Apr 2011 02:25 PM PDT

Leading electronic parts distributor Arrow Electronics Inc. (NYSE:ARW) entered into a North American agreement with Brocade to distribute Internet Protocol (IP) solutions. The financial details of the transaction were not disclosed.
Under the agreement, Arrow's business segment Enterprise Computing Solutions  will distribute IP solutions to resellers that are not procuring this product portfolio through another distributor or have previously purchased them directly from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allos Therapeutics At Neutral

Posted: 05 Apr 2011 02:25 PM PDT

We are maintaining our Neutral recommendation on Allos Therapeutics Inc. (NASDAQ:ALTH) with a target price of $3.50.
Allos, founded in 1992 and headquartered in Westminster, Colorado, is a biopharmaceutical company focused on the development and commercialization of small molecule drugs for the treatment of cancer. The company was formerly known as HemoTech Sciences, Inc. and changed its name to Allos Therapeutics, Inc. in October 1994.
Allos' sole marketed product is Folotyn (pralatrexate), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Blowing More Holes

Posted: 05 Apr 2011 02:15 PM PDT

(Image: source.)
As if Financial Armageddon readers needed any (further) convincing — one recent poll and the fifth in a series of annual consumer surveys together blow another hole in the theory that the U.S. economy is on the mend — let alone almost back to normal.
“AP-GfK Poll: Americans Souring More on Economy” (Associated Press)
For all the talk of recovery, Americans are growing increasingly pessimistic about the economy as soaring gas costs strain already-tight budgets. But so far, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Health Care REIT Ups Guidance

Posted: 05 Apr 2011 02:05 PM PDT

Health Care REIT Inc., (NYSE:HCN) a real estate investment trust, has recently updated its FFO (funds from operations) guidance for full year 2011. Health Care increased its FFO guidance from the prior range of $3.25 to $3.35 per diluted share to a range of $3.32 to $3.42 per diluted share for the full year 2011.
Funds from operations, a widely used metric, is obtained after adding depreciation and amortization and other non-cash expenses to net income and is considered a key measure of a real … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross In Purchase Agreement

Posted: 05 Apr 2011 02:05 PM PDT

Canadian mining company Kinross Gold Corporation's (NYSE:KGC) subsidiary Chukotka Mining and Geological Company (CMGC) signed a Share Purchase Agreement with the State Unitary Enterprise of the Chukotka Autonomous Okrug, or CUE, to repurchase shares. As per the agreement, 2,292,348 shares of CMGC currently held by CUE will be repurchased by CMGC for approximately US$350 million.    
With this transaction, Kinross will increase its stake in CMGC to 100% from 75% that it owns currently. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Catalyst Health Sells Common Stock

Posted: 05 Apr 2011 02:05 PM PDT

Catalyst Health Solutions, Inc. (CHSI) has planned a public offering and agreed to sell 5.5 million shares of common stock.
According to the Securities and Exchange Commission (SEC), Catalyst Health will sell 4.5 million shares and the remaining 1 million shares will be sold by one of its stockholders, Principal Holding Company, LLC, a subsidiary of Principal Financial Group, Inc. (NYSE:PFG) in an underwritten public offering.
Catalyst Health has allowed the underwriters a 30-day option to cover … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EMC Acquires NetWitness

Posted: 05 Apr 2011 02:05 PM PDT

EMC Corporation (NYSE:EMC) announced that it has acquired NetWitness Corporation, a privately-held network security analysis solutions provider, for an undisclosed amount. The deal was completed on April 1, 2011.
NetWitness will be incorporated into RSA, which EMC acquired in September 2006, in order to enhance its information and security management segment.
NetWitness, which specializes in network security analysis and visualization software, has recently upgraded itself to provide malware … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Going Once, Going Twice… Bidding Begins For Blockbuster Inc.

Posted: 05 Apr 2011 02:00 PM PDT

04/05/11 Tuesday marked the beginning of the official auction for video-rental chain Blockbuster with bidders ranging from Carl Icahn to liquidation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4222, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 1.01% to hit 0.8727 and EUR/JPY rising 0.97% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 84.84, up 0.93% at time of writing.<br/><br/> The pair was likely to find support at 82.57, Thursday&rsquo;s low, and resistance at 84.87, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.04% to hit 1.4226 and GBP/USD rising 1.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

XL Group Forecasts Losses

Posted: 05 Apr 2011 01:35 PM PDT

XL Group (NYSE:XL) guided preliminary losses from the earthquake and tsunami in Japan to be between $190 million and $290 million, pre-tax and net of reinsurance and reinstatement premiums. The company expects 70% of the loss to be attributable to XL’s reinsurance segment.
In 2010, XL Group incurred higher net losses of $294.3 million from natural catastrophes, compared with $52.3 million in 2009. Major natural catastrophes in 2010 included the Chilean Earthquake, European Windstorm Xynthia, U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telefonica Suffers Domestically

Posted: 05 Apr 2011 01:35 PM PDT

Spanish telecom giant Telefonica (NYSE:TEF) is seeing a continuous decline in its domestic market share as customers are switching to cheaper offers from its competitors. This will lead to lower revenues and earnings for the company.
Spanish operations were weak again in February following lackluster performances in January and the fourth quarter of 2010. In the fourth quarter, the company's earnings missed the Zacks Consensus Estimate as well as the year-ago earnings due to the economic crisis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pipeline Setback At Amgen

Posted: 05 Apr 2011 01:35 PM PDT

Amgen Inc. (NASDAQ:AMGN) suffered a pipeline setback when its cancer candidate motesanib failed in a phase III study (MONET1; n=1090). The study evaluated motesanib in conjunction with paclitaxel and carboplatin for treating patients suffering from advanced non-squamous non-small cell lung cancer (NSCLC). The candidate is being co-developed with Japan's Takeda.
Results from the multicenter, randomized, placebo-controlled, double-blind trial revealed that overall survival did not improve in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How The Fed Sees The Economy

Posted: 05 Apr 2011 01:35 PM PDT

The Federal Reserve just released the minutes to its March 15th meeting. Below, I present the minutes section on how the members of the Open Market Committee feel about the economy with my reaction/translation interspersed on a paragraph-by-paragraph basis.

“Participants’ Views on Current Conditions and the Economic Outlook

“In discussing intermeeting developments and their implications for the economic outlook, participants agreed that the information received since their previous meeting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4222, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.95% to hit 0.8732 and EUR/JPY rising 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Tech Rebalanced

Posted: 05 Apr 2011 01:18 PM PDT

Cusick’s Corner
This is one of those markets — what you think you see is really not real at all, most notably is the news that the NASDAQ has decided to reweight AAPL in the index, which can explain why AAPL has had such a persistent seller. Also, in the Semis, SMH (mentioned last night) — TXN bought NSM for a huge premium, negating the rhetoric that the tech and chips are too far behind the cycle to catch up with the going tablet industry. Lastly, notes from the FOMC Meeting on March 15th … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Paul Ryan’s Plan, The Coming Shutdown, And What’s Really At Stake

Posted: 05 Apr 2011 01:14 PM PDT

I was there in 1995 when the government closed because of the budget stalemate. I had to tell most of the Labor Department's 15,600 employees to go home and not return the next day. I also had to tell them I didn't know when they'd get their next paychecks.
There were two shutdowns, actually, rolling across the government in close succession, like thunder storms.
It's not the way to do the public's business.
Newt Gingrich got blamed largely because his ego was (and is) so big he … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 0.05%

Posted: 05 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.05%, the S&P 500 index shed 0.02%, while the Nasdaq 100 index declined 0.29%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 0.03%; Germany&rsquo;s DAX shed 0.00%; Britain&rsquo;s FTSE 100 declined 0.16%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEG In Agreement With Toyota

Posted: 05 Apr 2011 12:55 PM PDT

Constellation Energy Group Inc. (NYSE:CEG) reached a comprehensive agreement with Toyota Motor Corporation's (NYSE:TM) subsidiary Toyota Motor Engineering & Manufacturing, North America Inc. Per the agreement, Constellation Energy will provide integrated natural gas services and energy market analysis to Toyota facilities in the U.S., Canada and Mexico.
Constellation Energy's services to Toyota would include natural gas supply, risk management, hedging and budget analysis, energy market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ALNY Completes Patient Enrollment

Posted: 05 Apr 2011 12:55 PM PDT

Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) recently announced the completion of patient enrollment in a phase I trial of its liver cancer pipeline candidate ALN-VSP. The phase I trail is a multi-center, multinational, open-label dose escalation study. The main objective of the study is to evaluate the safety and tolerability of multiple doses of ALN-VSP ranging from 0.1-1.7 mg/kg.
Alnylam expects to present data from the trial at the American Society of Clinical Oncology meeting in June 2011. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ALNY Completes Patient Enrollment

Posted: 05 Apr 2011 12:55 PM PDT

Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) recently announced the completion of patient enrollment in a phase I trial of its liver cancer pipeline candidate ALN-VSP. The phase I trail is a multi-center, multinational, open-label dose escalation study. The main objective of the study is to evaluate the safety and tolerability of multiple doses of ALN-VSP ranging from 0.1-1.7 mg/kg.
Alnylam expects to present data from the trial at the American Society of Clinical Oncology meeting in June 2011. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cubist Settles Dispute With Teva

Posted: 05 Apr 2011 12:55 PM PDT

Cubist Pharmaceuticals Inc. (NASDAQ:CBST) announced that it has settled a patent dispute with Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) regarding Cubicin (daptomycin injection), the sole marketed product at Cubist Pharma. Cubicin is approved in the US and several other markets for the treatment of severe bacterial infections of the skin and bloodstream.
Teva was seeking to introduce a generic version of Cubicin. The patents for Cubicin are set to expire on September 24, 2019. Under the terms of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Paul Ryan’s Plan For A Debt-Free Nation

Posted: 05 Apr 2011 12:53 PM PDT

Paul Ryan (R-Wisconsin) presented his “Path to Prosperity” budget plan today at AEI, here’s the full text of his talk, here’s his WSJ editorial today, here’s the link to the video, and here’s the full 73-page plan. 

American for Tax Reform prepared the chart above to compare Ryan’s budget to the Simpson-Bowles (Obama) commission (and the Coburn-Chambliss "Gang of Six" which is introducing legislation modeled after Simpson-Bowles).

In his talk today, Paul Ryan quoted a famous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6280, up 0.92% at time of writing.<br/><br/> The pair was likely to find support at 1.5973, Friday&rsquo;s low, and resistance at 1.6296, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.90% to hit 0.8736 and GBP/JPY rising 1.84% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CIG’s New Gas Pipeline Project

Posted: 05 Apr 2011 12:35 PM PDT

Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, recently announced that the company will participate in a project to construct a gas pipeline connecting São Paulo and Uberaba. Primarily the pipleine will serve the Ammonia Plant, which will be built by Petroleo Brasileiro SA, or Petrobras (NYSE:PBR) by 2013.
The company has signed a protocol of intentions with Petrobras and the Government of the State of Minas Gerais in order to participate in the development of technical and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Jude Catheters Cleared

Posted: 05 Apr 2011 12:35 PM PDT

Medical devices major St. Jude Medical (NYSE:STJ) has secured the clearance of the U.S. Food and Drug Administration ("FDA") for its two new irrigated ablation catheters for treating cardiac arrhythmias (irregular heart-beats).
The new "Safire BLU" and "Therapy Cool Path" bi-directional ablation catheters possesses a number of new features. Its bi-directional deflection capability allows physicians access difficult-to-reach anatomic locations.
Ablation catheters are small tubes that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Micron To Sell Japanese Facility

Posted: 05 Apr 2011 12:10 PM PDT

Memory chip manufacturer Micron Technology Inc. (NYSE:MU) recently announced that it will sell its wafer manufacturing facility in Nishiwaki City, Hyogo, Japan, to TowerJazz. Specialty foundry Tower Semiconductor Ltd. (NASDAQ:TSEM) and its fully owned U.S. subsidiary Jazz Semiconductor operate collectively under the brand name TowerJazz. The agreement between the two companies is still in a non-binding stage and signing of a definitive deal is underway.
The deal has been valued at $140.0 million, of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In U.S. Trade

Posted: 05 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9633, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 0.9616, Monday&rsquo;s low, and resistance at 0.9730, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.001% to hit 1.4220 and GBP/USD rising 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Uranium Stocks Set To Rebound In 2011

Posted: 05 Apr 2011 11:46 AM PDT

The Cassandras of the media beat the drums of fear concerning Japan's millennial tragedy, which has been a confluence of perfect storms. There has been a great deal of bad news coming out of Japan which the press has spun into a blanket condemnation of the entire nuclear industry. It is only a matter of time until investors recognize that the media is spinning fear that goes beyond Fukushima. Undoubtedly, their tactic's intention is to sell commercial TV time, even if it means destroying a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4221, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.93% to hit 0.8734 and EUR/JPY rising 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, April 5, 2011 Special Alert AGO

Posted: 05 Apr 2011 11:45 AM PDT

We are not particularly thrilled with the current price action in Assured Guaranty Ltd. (symbol: AGO).  Therefore, we are going to remove the position we added in AGO to the watch list on February 24, 2011 at the current intra-day price of $15.05 for a 1.3% loss.   AGO was added to the watch list at $15.25.  There are no remaining positions in AGO on our watch list.   Overall, AGO returned 4.3% in 40 days while on our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Investing With Cycle And Bartels Theory

Posted: 05 Apr 2011 12:29 AM PDT

A stock price time series wiggles by nature. These wiggles may or may not be in tune. If they are in tune their common frequency can be called a ‘cycle’. To determine the cycle period we can do several measures.

Eyeballs: Viewing the chart for common distance between highs and lows.

Mechanical Tools: Like the Ehrlich Cycle Finder

Maths: Bartels Significance Value ..”Developed by Julius Bartels, a geophysicist who worked at the Carnegie Foundation in Washington in the 1930′s. The advanced … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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