Thursday, April 21, 2011

DailyMarkets.com - General Electric Beats Estimates

DailyMarkets.com - General Electric Beats Estimates

General Electric Beats Estimates

Posted: 21 Apr 2011 07:40 AM PDT

General Electric Company (NYSE:GE) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of 33 cents, above the Zacks Consensus Estimate of 28 cents, up 48% year over year. This was the fourth consecutive quarter in which the company witnessed strong growth in earnings.

Revenue

Total revenue in the quarter were up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CPKF: Strong First Quarter; Target Price And Estimates Under Review

Posted: 21 Apr 2011 07:35 AM PDT

Ann Heffron, CFA
CPKF: Strong First Quarter; Target Price and Estimates under Review

CPKF reported a strong first quarter, with diluted EPS rising 34.5% to $0.47 from $0.35, a penny short of our first quarter estimate of  $0.48. (All per share data in this report have been adjusted for a 6-for-5 stock split that took place earlier this month.)

This occurred despite a 144% year-over-year increase in the loan loss provision to $0.6 million as CPKF strengthened loan loss reserves and was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Electric Beats Estimates

Posted: 21 Apr 2011 07:35 AM PDT

General Electric Company (NYSE:GE) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of 33 cents, above the Zacks Consensus Estimate of 28 cents, up 48% year over year. This was the fourth consecutive quarter in which the company witnessed strong growth in earnings.

Revenue

Total revenue in the quarter were up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cheesecake Tops By A Penny

Posted: 21 Apr 2011 07:35 AM PDT

Based in Calabasas Hills, California, Cheesecake Factory Inc. (NASDAQ:CAKE) reported earnings of 34 cents a share in the first quarter of fiscal 2011, which surpassed the Zacks Consensus Estimate by a penny. The earnings also inched up 9.7% year over year from the prior-year earnings of 31 cents a share.
The better-than-expected results were driven by comparable-store sales growth due to higher traffic.
Cheesecake's top line showed a growth of 3.3% year over year to $418.8 million. The upside in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDonald’s Tops By A Penny

Posted: 21 Apr 2011 07:35 AM PDT

McDonald's Corporation (NYSE:MCD), the world’s largest hamburger chain, posted first quarter 2011 earnings of $1.15 per share, a penny more than the Zacks Consensus Estimate. First quarter earnings increased 15% from $1.00 per share reported in the prior-year quarter. However, excluding the favorable currency impact of 3 cents in the reported quarter, earnings grew 12.0% year over year.
The earnings growth was driven by a rise in comparable-store sales across all regions due to higher traffic. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qualcomm Beats, Raises Guidance

Posted: 21 Apr 2011 07:35 AM PDT

Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm Inc. (NASDAQ:QCOM) reported solid earnings in the second quarter of fiscal 2011. Net income was up 29% year over year and 15% sequentially, signifying the strength of operating efficiency of Qualcomm. The company's Snapdragon platform and product diversification strategy make management more confident about the rest of fiscal 2011 and therefore, the company raised its previously announced financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon Beats By A Whisker

Posted: 21 Apr 2011 07:35 AM PDT

The largest U.S. mobile service provider Verizon Communications Inc. (NYSE:VZ) declared its first quarter 2011 earnings results before the opening bell. Adjusted earnings came in at 51 cents per share, a penny ahead the Zacks Consensus Estimate and above the year-ago earnings of 48 cents.
Continued strength in wireless, FiOS and strategic business services led to higher-than-expected earnings in the quarter. Further, Verizon started selling Apple Inc.’s (NASDAQ:AAPL) iPhone from February 10, ending the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: RadioShack

Posted: 21 Apr 2011 07:35 AM PDT

RadioShack Corp.(NYSE:RSH) is slated to release its first-quarter 2011 results on April 25, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at 35 cents, representing an annualized growth of -10.58%.
With respect to earnings surprises over the trailing four quarters, RadioShack has done reasonably well in all the quarters except the last quarter where it was 2 cents short of the Zacks Consensus Estimate. The average earnings surprise was a positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 21 Apr 2011 07:18 AM PDT

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

Canadian Dollar: Key ST Resistance At 99

Posted: 21 Apr 2011 07:18 AM PDT

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

Philadelphia Fed Manufacturing Index Plunges In April

Posted: 21 Apr 2011 07:08 AM PDT

Forex Pros – Manufacturing activity in the Philadelphia-region plunged in April, retreating from March&rsquo;s 27-year high, official data showed on Thursday.<br /><br />In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index plummeted to 18.5 in April, compared to March&rsquo;s reading of 43.4. <br /><br />Analysts had expected the index to decline to 36.8 in April.<br /><br />On the index, a reading above 0.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Edwards Beats, Raises Estimates

Posted: 21 Apr 2011 07:05 AM PDT

Edwards Lifesciences Corporation (NYSE:EW) has reported an adjusted EPS of 51 cents (excluding 2 cents per share of transaction gains) in the first quarter of fiscal 2011, way above the Zacks Consensus Estimate of 42 cents and the year-ago quarter's earnings of 40 cents. The company reported revenues of $404.5 million, up 18.8% from the year-ago period and exceeded the Zacks Consensus Estimate of $385 million.
Robust International Growth
Edwards generated 37% of its revenues during the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP Surges Forward, Retail Sales And Gov’t Budget Deficit Figures Provide Catalyst

Posted: 21 Apr 2011 07:02 AM PDT

The pound had a very strong session today hitting its highest against the USD since December 2009. The Pound was boosted by better than expected retail sales and a government borrowing report that showed Britain's budget deficit came in below economists expectations. The two pieces of news strengthened the case that the economy could be mending after a poor 4th quarter and mixed data from the early part of the 1st quarter.
For a technical analysis look at the GBP/USD pair see … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD In A Correction After A Bullish Impulse Wave

Posted: 21 Apr 2011 06:53 AM PDT

EUR/USD Returns to Bullish Mode Targeting 1.4578, 1.4675 then 1.5140 (4/20)
EUR/USD
Short-Term- The EUR/USD rallied and topped just before 1.4650. The market is targeting the 1.5140 (2009 high). However, it is being pushed back below the 2010 high of 1.4578 after cracking it.
- Looking at some intra-day charts, we see that the rally since 1.4160 could have completed a bullish impulse wave.
- Moreover, the last wave (v) seen in the 15-min chart has also completed a 5-wave rally (labeled with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 06:40 AM PDT

By ForexMansion.com

 
The EUR/CHF was quiet today, as we are currently testing the 1.30 area for direction. We are unable to make a clear trade signal based upon the action, and can only wait to see which direction the pair wants to go from here. Any large candle at this level should point the way for future … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 06:38 AM PDT

By ForexMansion.com

 
The NZD/USD continues its remarkable run north as the Kiwi simply is one of the strongest currencies in the world at the moment. The NZD has been struggling at the 0.80 mark though, and could be ripe for a pullback. Of course, you can't short it – because it has been ripe for a pullback for ages now.  If we do get it, look to buy when support shows itself, perhaps at the 0.78 area.

Originally posted here
Read more about forex technical analysis, forex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 06:36 AM PDT

By ForexMansion.com

 
The EUR/USD broke the 1.45 mark on a close today, signaling more buying to be had. Because of this, we are even more adamant about not wanting to be short this market. Buying on pullbacks is the way to go as it appears we are going to be targeting the 1.50 mark in the future. The 1.45 area should become very supportive at this juncture now as well.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Nod For St Jude MRI Pacemaker

Posted: 21 Apr 2011 06:35 AM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) recently announced that it has won European CE Mark approval for its Accent MRI pacemaker and Tendril MRI lead. The company has designed and tested this system for safe usage with Magnetic Resonance Imaging ("MRI") equipment and it received approval as MR-Conditional. The system allows patients to receive full-body high-definition MRI scans.
Earlier, in February 2011, the US Food and Drug Administration ("FDA") approved rival Medtronic's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Electric Beats Estimates

Posted: 21 Apr 2011 06:35 AM PDT

General Electric Company (NYSE:GE) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of 33 cents, above the Zacks Consensus Estimate of 28 cents, up 48% year over year. This was the fourth consecutive quarter in which the company witnessed strong growth in earnings.

Revenue

Total revenue in the quarter were up 6% year over year to $38.4 billion, above the Zacks Consensus Estimate of $33.7 billion. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Aes Trust, Bancorp Rhode Island, Brookline Bancorp, Chipotle Mexican Grill, DPL, EMC, Polaris Industries, Wells Fargo & Company, Yum! Brands

Posted: 21 Apr 2011 06:35 AM PDT

    EMC Corp. (NYSE:EMC) reported Q1 EPS of $0.31, higher than the Zacks Consensus Estimates of $0.25 a share. Revenues for the quarter rose 18% year-over-year to $4.6 billion, ahead of the Zacks Consensus Estimate of $4.509 billion

    Chipotle (NYSE:CMG) reported Q1 EPS of $1.46, above the Zacks Consensus Estimate of $1.43 per share. Revenues for the quarter rose 24% year-over-year to $509.4 million, beating the Zacks Consensus Estimates of $495.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gilead Misses As HIV Sales Founder

Posted: 21 Apr 2011 06:35 AM PDT

Gilead Sciences Inc. (NASDAQ:GILD) reported earnings per share of 82 cents for the first quarter of 2011, 10 cents below the Zacks Consensus Estimate of 92 cents and 13 cents below the year-earlier earnings. The disappointing earnings performance was due to a weak top-line performance.
First quarter revenues decreased 8% from the prior-year quarter to $1.93 billion. Total revenues were also much below the Zacks Consensus Estimate of $2.05 billion. Revenue performance was disappointing due to a weak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Trims Losses After Mixed Canadian Retail Data

Posted: 21 Apr 2011 06:34 AM PDT

Forex Pros – The U.S. dollar trimmed losses against its Canadian counterpart on Thursday, retreating from a multi-year low after official data showed that Canadian retail sales rose less-than-expected in February.<br /><br />USD/CAD clawed back up from 0.9454, the pair&rsquo;s lowest since November 12, 2007, to hit 0.9499 during early U.S. trade, still down 0.26% on the day.<br /><br />The pair was likely to find support at 0.9252, the low of November 9, 2007 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Trends Higher But Having Corrective Pangs

Posted: 21 Apr 2011 06:33 AM PDT

The GBPUSD trended higher today on the back of better retail sales data. The price is at the highest level since early December 2009.  The pair broke above an upper trendline today at the 1.6479 level.  This provided a spring board to the upside today.
The pair has reached a high of 1.6598 today (just short of 1.6600) and found some profit taking sellers.   The price has dipped to trendline support. A move below will target the 38.2% of the last leg higher for another … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Cracks Long Term Trendline, Targeting 1.6660, 1.69 And 1.7040

Posted: 21 Apr 2011 06:30 AM PDT

The Sterling after the BoE Minutes (4/20 Video)
GBP/USD
Short-Term to Medium Term- The GBP/USD was seen in a breakout yesterday from a 3-wave correction. The market surged above the 1.6425 pivot and has a swing projection target of 1.6660 in the near term.
- This rally in the European session was mainly a USD-weakness story.
- The extent the RSI is above 70 shows very strong bullish momentum. This is in the near-term a sign that the market might be overbought, but in the medium term it is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Unexpected Retail Sales Boost Rate Hike Expectations For BoE; Could Same Be In Store For BoC?

Posted: 21 Apr 2011 06:24 AM PDT

The British Pound was the biggest gainer in the overnight headed into the North American session as stronger-than-expected retail sales figures boosted rate hike expectations for the Bank of England. Indeed, the 0.2 percent month-over-month gain in March retail sales blew through analysts' expectations, which had forecasted a 0.5 percent forecast, according to a Bloomberg News survey. The sales figures were not the only data to support a stronger Pound: net borrowing for the U.K. was £18.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 21 Apr 2011 06:19 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: 21 Apr 2011 06:19 AM PDT

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

Forex Trading: USDCHF Probing For It’s Support/profit Taking Level

Posted: 21 Apr 2011 06:17 AM PDT

Down, down, and down (at 1, 2 and 3). The lower it goes the more tempted the market is to take profits. If a level is reached – like at 3 – there is the temptation to buy. However what traders need to do is map out the upside. If targets are reached, look for the next target. If a target can not be reached, remember the trend is fast and directional so be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 21 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

Euro: Capped By A Negative Trend Line

Posted: 21 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

Belgium NBB Business Climate Plunges In April

Posted: 21 Apr 2011 06:07 AM PDT

Forex Pros – Belgian business confidence fell significantly more-than-expected in April, dropping for the first time in ten months official data showed on Thursday.<br /><br />In a report, the National Bank of Belgium said its business climate index plunged to a seasonally adjusted 2.8 in April, after advancing to 6.2 in March.<br /><br />Analysts had expected the index to decline to 5.9 in April. <br /><br />The decline in confidence among business leaders … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boston Scientific Beats Estimates

Posted: 21 Apr 2011 06:06 AM PDT

Boston Scientific Corporation (NYSE:BSX) reported an EPS of 1 cent during the first quarter of fiscal 2011 compared to a loss of $1.05 per share in the year-ago period. However, the reported quarter witnessed a $759 million ($530 million after tax) gain, recognized on the sale of the Neurovascular business to Stryker Corporation (NYSE:SYK). Moreover, having witnessed, a reduction in the estimated size of the US Cardiac Rhythm Management (CRM) market, the company recorded a $723 million of goodwill … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amgen Beats; Maintains Outlook

Posted: 21 Apr 2011 06:06 AM PDT

Amgen (NASDAQ:AMGN) reported first quarter earnings per share of $1.32, 3 cents above the Zacks Consensus Estimate of $1.29 and 3.1% above year-ago earnings. Higher revenues, a lower tax rate and lower share count helped drive first quarter results. Including one-time items, earnings increased 2% to $1.20 in the first quarter of 2011.
Total revenues increased 3.2% to $3,706 million in the first quarter of 2011. Revenues topped the Zacks Consensus Estimate of $3,662 million.
US revenues increased 4% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tractor Supply Tops On Sturdy Comps

Posted: 21 Apr 2011 06:06 AM PDT

Tractor Supply Co. (NASDAQ:TSCO), a leading retail firm and ranch store brand, recorded yet another quarter of good growth. Earnings per share in the first quarter of fiscal 2011 came in at 24 cents, breezing past the Zacks Consensus Estimate of 16 cents as well as the prior-year earnings of 14 cents per share.
Strong performance in consumable, usable and edible categories − for instance, pet food and animal feed − acted as a catalyst for a 10.7% increase in same-store sales compared with a mere … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Auction Rate Comments Reflect Real Pain

Posted: 21 Apr 2011 06:05 AM PDT

Today's commentary is a little lengthy but is very personal. I hope you will take the few extra minutes to read it and share it with friends, family, and colleagues. Thanks. LD
Each and every day I think of what I can write that will truly help people further understand the dynamics at work in our global economy. In the course of my writing I am often drawn to specifically help those who have been defrauded or abused by the system that operates on Wall Street and in Washington.
I derive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 21 Apr 2011 06:00 AM PDT

04/21/11 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 Trading: EURGBP Falling Fast. Searching For Support

Posted: 21 Apr 2011 05:59 AM PDT

The EURGBP was under pressure after the better than expected UK Retail Sales today. The price fell through trendline support, then the 200 hour MA, then recently fell through the 100 hour MA at 0.8810. This opened up the market for even more selling in the pair. 
The move down is unsustainable at the current pace. However, as we know trends are directional, trends are fast. Don't get in the way. Traders will look for support/levels to take profits. The low from yesterday will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Hits Fresh Record Low After Soft U.S. Jobs Data

Posted: 21 Apr 2011 05:54 AM PDT

Forex Pros – The U.S. dollar extended losses against the Swiss franc on Thursday, tumbling to a fresh record low, following a government report showing that U.S. initial jobless claims fell less-than-expected last week.<br /><br />USD/CHF hit 0.8782 during European afternoon trade, the pair&rsquo;s all-time low; the pair subsequently consolidated at 0.8793, tumbling 0.98%.<br /><br />The pair was likely to find short-term support at 0.8700 and resistance at 0.9010, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tech Jobs And Tech Stocks Are Booming

Posted: 21 Apr 2011 05:50 AM PDT

1. USA Today article “Tech Boom Like It’s 1999″ — “Tech workers like Mersy are coveted commodities as the high-tech industry undergoes its biggest hiring binge in more than a decade. Not since the dot-com bubble of the early 2000s has competition been so fierce. Would-be employees are being enticed with fat contracts, hefty bonuses and such freebies as iPads, meals, sporting events and shuttle services. These and other perks are in play to hook top talent in engineering, social media, website … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Core Retail Sales Rise More-than-expected

Posted: 21 Apr 2011 05:46 AM PDT

Forex Pros – Core retail sales in Canada rose more-than-expected in February, official data showed on Thursday.<br /><br />In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.7% in February, after falling by -0.2% in January, whose was figure was revised down from a flat reading. <br /><br />Analysts had expected core retail sales to rise by 0.5% in February. <br /><br />The report showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Rise As Apple Surges; Dow Futures Up 0.25%

Posted: 21 Apr 2011 05:40 AM PDT

Forex Pros – U.S. stock futures pointed to a higher open on Thursday, as a flurry of robust corporate earnings buoyed market sentiment, while shares in consumer electronics giant Apple surged ahead of the open. <br /><br />Dow Jones Industrial Average futures pointed a gain of 0.25%, the S&amp;P 500 futures climbed 0.35%, while Nasdaq 100 futures indicated an increase of 0.75%. <br /><br />Stock index futures shed some gains after disappointing government data on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Looking For Corrective Excuses

Posted: 21 Apr 2011 05:37 AM PDT

The EURUSD is caught between the 100 (blue line) and 200 bar MA (green line) on the 5 minute chart (between the "Goal Posts" is what I call it). A move below the extremes (either MA extreme) should solicit additional selling or buying momentum. When the price trades between the moving averages it is saying the market is not sure of the trend change. The bias is negative due to being below the 100 bar MA (blue) line but the 200 bar MA being a distance away is a hurdle the trending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

St. Jude EPS Beats, Raises View

Posted: 21 Apr 2011 05:35 AM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) continues its positive earnings surprise streak as its  first-quarter 2011 adjusted earnings per share of 80 cents has topped the Zacks Consensus Estimates of 78 cents and exceeded the year-ago earnings of 75 cents. This represents the Minnesota-based company's seventh consecutive quarter of outperformance.
The adjusted earnings exclude charges of $28 million, primarily associated with the company's acquisition of cardiac devices maker AGA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schlumberger Net Up, Falters On Ests

Posted: 21 Apr 2011 05:35 AM PDT

The world's largest oilfield services provider Schlumberger Ltd. (SLB) reported weaker-than-anticipated first-quarter 2011 results. This was mainly due to geopolitical disturbances and typical seasonality factors in certain regions.
Earnings per share, excluding special items, came in at 71 cents, missing the Zacks Consensus Estimate of 76 cents. Revenue, at $8,716 million, was also shy of the Zacks Consensus Estimate of $8,959 million.
Though Schlumberger could not match the soaring profit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Fall Less-than-expected

Posted: 21 Apr 2011 05:35 AM PDT

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell less-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending April 16 fell by 13,000 to a seasonally adjusted 403K, down from 416K in the preceding week, whose figure was revised up from 412K.<br /><br />Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD Extends Losses As Traders Seek Higher Yields Amid Strong Risk-on Sentiment

Posted: 21 Apr 2011 05:28 AM PDT

For a second straight session, we see the USD struggling in currency markets as traders and investors sought higher yielding currencies in an environment of risk appetite.
We saw the swing in momentum, into positive investor sentiment, happen on Tuesday – as worries about Euro-zone sovereign debt eased – and accelerated on Wednesday – as global equities responded with strong gains to positive earnings from Intel and others.
Today we continue to see global equities higher, and the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 04:50 AM PDT

By ForexMansion.com

 
The USD/CHF fell hard today, showing that the sellers have stepped back in. The all-time lows have been broken, and this shows fresh selling is happening. Because of this, the long-term bearish trend is in full force, and should be respected. Buying isn't … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Hits Multi-year Lows Vs. Rivals On Broad Risk Rally

Posted: 21 Apr 2011 04:46 AM PDT

Forex Pros – The U.S. dollar fell to multi-years lows against its major counterparts on Thursday, as concerns over fiscal problems and low interest rates in the U.S. prompted investors to embrace higher yielding currencies.<br /><br />During European early afternoon trade, the greenback was down against the euro, with EUR/USD advancing 0.57% to hit 1.4607.<br /><br />Earlier in the day, the Ifo Institute said it&rsquo;s business climate index for Germany slipped to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 04:27 AM PDT

By ForexMansion.com

 
The AUD/USD has reached and moved beyond our projected 1.07 target today, as the bulls keep buying this pair. Certainly it looks like a pullback could be needed – but selling isn't an option. Simply wait until the pullback happens in order to get involved in the bullish market again. There are several support levels below, including the 1.05, 1.04, and 1.02 levels.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 04:22 AM PDT

By ForexMansion.com

 
The USD/JPY was very quiet today, sitting at the important 82.50 area. This area looks to be support, but only time will tell if that is true. Waiting to see a massive move in one direction or another is the prudent way to trade this pair. However, you can never forget that the various central banks recently sold the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Gains After Strong U.K. Retail Sales Data

Posted: 21 Apr 2011 04:07 AM PDT

Forex Pros – The pound extended gains against the U.S. dollar on Thursday, surging to a fresh 16-month high, after a government report showing that U.K. retail sales rose unexpectedly in March, driven by stronger food sales.<br />&nbsp;<br />GBP/USD hit 1.6569 during European early afternoon trade, the pair&rsquo;s highest since December 4, 2009; the pair subsequently consolidated at 1.6550, advancing 0.86%.<br /><br />Cable was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extends Rally, Hitting Fresh 16-month High

Posted: 21 Apr 2011 03:33 AM PDT

Forex Pros – The euro extended its rally against the weaker U.S. dollar on Thursday, as speculation that the Federal Reserve will lag other central banks in raising interest rates and stronger risk appetite punished the greenback.<br /><br />EUR/USD hit 1.4648 during European late morning trade, the pair&rsquo;s highest since December 15, 2009; the pair subsequently consolidated at 1.4626, surging 0.72%.<br /><br />The pair was likely to find support at 1.4327, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Top Trade Ideas For Thursday, April 21

Posted: 21 Apr 2011 03:27 AM PDT

   ( click to enlarge )

Good morning everyone. When I mentioned ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) on Monday the stock had just breached the triangle's resistance around $1.90 and yesterday it closed at $2.19.  This jump has also helped the stock breach its immediate resistance level of $1.91. Moreover, there was an increase in daily volume in the past three trading sessions, which is a very Bullish sign The stock hit a high of $2.20, which is resistance for today's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/CHF Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 03:23 AM PDT

By ForexMansion.com

 
The GBP/CHF fell back to the 1.45 area again, showing a decided lack of conviction in either direction again. The area looks to be a consolidation zone in the making. This shows that the market is currently deciding what it wants to do. It should be noted that we are in a massive downtrend, and a nice large red candle would be a great signal.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – US Earnings Ignite The Fire In The Markets

Posted: 21 Apr 2011 03:21 AM PDT

By ForexMansion.com
 
Broader markets were put in an explosive mode on strong US corporate earnings that exceeded expectations. The results signaled global recovery could be accelerating, boosting confidence and increasing investors' appetite for risk. The dollar index hit a 3 years low at 73.79.
The euro jumped to a 16 month high at 1.4640 although the German confidence dropped in April more than expected. Meanwhile, the pound rose to the highest since December 2009 at 1.6562 after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Technical Analysis For April 21, 2011

Posted: 21 Apr 2011 12:13 AM PDT

By ForexMansion.com

 
The GBP/USD broke the 1.64 mark today, showing that it is continuing to strengthen. This is especially true since the last low only feel a couple of handles. This pair looks ready to charge at 1.65, and beyond. Of course, the 1.65 level will be a big round number, and should invite profit taking. Buying on the pullbacks is recommended.

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How Does Magic Formula Investing Work?

Posted: 20 Apr 2011 01:34 PM PDT

In Brief
Magic Formula Investing is a value investing strategy based on buying 20-30 quot;good, cheap companiesquot; defined as having the best available combined ranking in terms of earnings yield and a return on capital.
Background
A widely respected hedge-fund manager, Joel Greenblatt started as a value purist but was influenced by Warren Buffett’s view about growth being part of the value equation. He founded Gotham Capital, a fund which apparently returned over 40% annualized from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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