Thursday, April 14, 2011

DailyMarkets.com - ‘A Huge Delta’

DailyMarkets.com - ‘A Huge Delta’

‘A Huge Delta’

Posted: 14 Apr 2011 05:55 PM PDT

Need more proof that the so-called recovery is a fraud? Here it is, courtesy of a post at the Wall Street Journal’s Real Time Economics blog, in a post entitled “CFOs: Revenue Surge Needed to Boost Hiring”:
Despite double-digit gains in corporate earnings over the past six quarters, it would take much stronger-than-expected revenue growth for businesses to be comfortable adding employees, according to a new survey.
 
Chief financial officers at large North American companies polled by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 14 Apr 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 136.84, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 135.30, Thursday&rsquo;s low, and resistance at 139.56, Monday&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 0.06% to hit 1.6360 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Top Ten 2011 “American-Sourced” Content Cars

Posted: 14 Apr 2011 05:08 PM PDT

2011 NorthAmerican-Sourced Content

1.
Dodge Avenger
83%

2.
Chrysler 200
81%

3.
Toyota Camry
80%

Toyota Avalon
80%

Honda Accord
80%

4.
Chevrolet Impala
77%

5.
Cadillac CTS
76%

Buick Lucerne
76%

6.
Chevrolet Malibu
75%

Chevrolet Corvette
75%

Lincoln Town Car
75%

Acura TL
75%

7.
Dodge Caliber
73%

Chrysler 300
73%

8.
Dodge Charger
70%

Dodge Challenger
70%

Honda Civic
70%

9.
Chevrolet Camaro
66%

10.
Toyota Matrix
65%

Cadillac STS
65%

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

Forex – NZD/USD Up In Asian Trade

Posted: 14 Apr 2011 04:50 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7942, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday&rsquo;s low, and resistance at 0.7956, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.02% to hit 1.3279 and EUR/NZD rising 0.05% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zipcar Soars In IPO

Posted: 14 Apr 2011 03:55 PM PDT

04/14/11 Zipcar shares rallied in its stock market debut. The car-sharing provider raised $174.3 million, and sold 9.7 million shares at $18 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Calling All Auction-Rate Securities Holders: “A Break For 8 Banks”

Posted: 14 Apr 2011 03:48 PM PDT

I have been writing about the nightmare known as auction-rate securities since mid-January 2009. I often stop and pause to think and reflect on ARS holders whom I have met here at Sense on Cents but whom I will never truly know. I think of how their lives have been forever changed and negatively impacted from having been entangled in this ARS web.
I have also often thought that somebody or some institution within our government sacrificed the welfare (cash, mental, physical, emotional) of so … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Bank Of America

Posted: 14 Apr 2011 03:35 PM PDT

Zacks has removed this article. Thank you
 
BANK OF AMER CP (BAC): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Bank Of America, Mattel, US CPI, U. Of Michigan Consumer Sentiment, NY Empire State Manufacturing Survey, TIC, Industrial Production

Posted: 14 Apr 2011 10:20 AM PDT

04/14/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Friday Stocks To Watch

Posted: 14 Apr 2011 03:19 PM PDT

( click to enlarge )

Parker Drilling Company (NYSE:PKD) continues to push higher and still looks like it has more to go. PKD’s earnings are not happening until May 4, so it’s got plenty of time to move heading towards that report. The stock got a nice bounce today off of the support of its 20-day EMA and it closed near the high of the day. Long entry can be made as it moves over $7.15 and over the high of $7.35.

 ( click to enlarge )

Majesco Entertainment Co. (NASDAQ:COOL) popped up today … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Defense Is The Best Offense

Posted: 14 Apr 2011 03:18 PM PDT

Cusick’s Corner
You have heard the analogy, Defense is the best Offense, but did you think of that when you look at your portfolio. Oil and Metals have been moving this year but have definitely hit some resistance, especially with commodity inflation so prominent and expanding. This has put institution traders on alert and in a rotating move, adding exposure in the Consumer sector — Coke (NYSE:KO) and Drug sector — Abbott Labs (NYSE:ABT). We have also seen the Put/Call Ratio pop, almost 2-1 on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Auxilium Earns Milestone From Pfizer

Posted: 14 Apr 2011 03:10 PM PDT

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently announced the launch of Xiapex in its first major market in the EU – the United Kingdom (UK). With this launch, Auxilium Pharma will be entitled to receive a $30 million milestone payment from partner Pfizer (NYSE:PFE).
Including the $30 million milestone payment, Auxilium has earned about $45 million in milestone payments from Pfizer. The company is entitled to receive an additional $30 million on the achievement of regulatory milestones for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Misses On Bottom Line

Posted: 14 Apr 2011 03:05 PM PDT

Search engine giant Google, Inc. (NASDAQ:GOOG) reported first quarter 2011 earnings after the closing bell today. Google’s earnings of $7.04 per share missed the Zacks Consensus Estimate by a dime, but revenues for the quarter came in at a healthy $6.54 billion — higher than the Zacks Consensus Estimate of $6.29 billion and even the most recent estimate of $6.38 billion.

Google shares had been up slightly in regular-day trading on Thursday ($2.23 per share, or 0.39%), but in the after-market have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

President Obama’s Real Proposal (And Why It’s Risky)

Posted: 14 Apr 2011 02:57 PM PDT

Paul Ryan says his budget plan will cut $4.4 trillion over ten years. The President says his new plan will cut $4 trillion over twelve years.
Let's get real. Ten or twelve-year budgets are baloney. It's hard enough to forecast budgets a year or two into the future. Between now and 2022 or 2024 the economy will probably have gone through a recovery (I'll explain later why I fear it will be anemic at best) and another downturn. America will also have been through a bunch of elections – at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, April 14, 2011

Posted: 14 Apr 2011 02:41 PM PDT

The major indexes spent most of the session today down but as the day went on stocks edged their way to basically a flat close. The DJIA was up 0.1%, the S&P 500 was flat, and the Nasdaq Composite was down 0.1%. Even though stocks were able to erase the losses investor participation was somewhat mixed and market breadth was neutral. We are keeping the support/resistance levels the same for the DJIA, S&P 500, and Nasdaq Composite (see below). The DJIA tested its 21-day and 50-day moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics Gets MDA Contract

Posted: 14 Apr 2011 02:25 PM PDT

General Dynamics Information Technology, a business unit of General Dynamics Corporation (NYSE:GD) was awarded a five-year contract by the Missile Defense Agency (MDA). The $565 million contract under MDA's Engineering and Support Services (MiDAESS) program would provide infrastructure and deployment services in support of the Ballistic Missile Defense System.
Per the MiDAESS contract, General Dynamics will provide program management support and infrastructure logistics management and assist … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA OK For Covidien’s DuraSeal

Posted: 14 Apr 2011 02:25 PM PDT

Ireland-based healthcare products maker Covidien plc (NYSE:COV) has won approval of the U.S. Food and Drug Administration's ("FDA") for its DuraSeal Exact sealant for use in spine procedures. The company plans to launch the product shortly.
Roughly 1.5 million spine surgeries are performed in the U.S. annually with around 10% of these procedures requiring dural repair and sealing. Dura (or dura mater), is the outermost and toughest of the three layers of membranes surrounding the brain and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: GS, F, ARCO, ZIP, GOOG

Posted: 14 Apr 2011 02:15 PM PDT

04/14/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waste Mgmt Teams With BDX

Posted: 14 Apr 2011 02:05 PM PDT

Waste Management Inc.'s (NYSE:WM) subsidiary, WM Healthcare Solutions and Becton, Dickinson and Company (NYSE:BDX) have entered into an agreement to recycle medical sharps waste from hospitals and other health care facilities. The companies are jointly launching the BD ecoFinity Life Cycle Solution – an innovative service that will recycle medical sharps waste to manufacture new products.
Becton, Dickinson is a medical technology company that serves health care institutions, life science … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAT Losses Hit PartnerRe

Posted: 14 Apr 2011 02:05 PM PDT

Yesterday, global reinsurance company, PartnerRe Ltd. (NYSE:PRE), announced that the catastrophe (CAT) losses in Japan are expected to impact the first quarter earnings by about $500 million, pre-tax. Last month, Japan was hit by a devastating earthquake with a magnitude of 9.0 coupled with tsunami, both of which have severely affected Japan's economy and infrastructure.
Meanwhile, blasts and leaks in nuclear plant reactors have further aggravated the losses, besides causing massive destruction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Forest Labs

Posted: 14 Apr 2011 02:05 PM PDT

Forest Labs (NYSE:FRX) is all set to announce its fourth quarter and fiscal 2011 results on April 19. The Zacks Consensus Estimate for the fourth quarter is $1.07, representing a year-over-year increase of 28.9%. Meanwhile, the Zacks Consensus Estimate for fiscal 2011 is $4.35, representing a year-over-year increase of 23.9%.
Third Quarter Fiscal 2011 Highlights
Forest Labs reported strong earnings in the third quarter, beating the Zacks Consensus Estimate by a huge margin. Earnings came in at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Supervalu Reports Weak 4Q

Posted: 14 Apr 2011 02:05 PM PDT

Supervalu Inc. (NYSE:SVU) one of the largest grocery chains in the United States, reported fourth-quarter 2011 earnings. The quarterly earnings of 44 cents a share outpaced the Zacks Consensus Estimate of 34 cents by 29.4%. However, on a year-over-year basis earnings plunged 29.0%
The company now expects fiscal 2012 GAAP earnings to be in the range of $1.20 to $1.40 per share, which is above the Zacks Consensus Estimate of $1.17.
Revenue and Margins
Supervalu's total sales dipped 5.9% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4490, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, today&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8862 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 83.47, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 82.96, today&rsquo;s low, and resistance at 85.16, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.4493 and GBP/USD rising 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Telefonica Sets 3-Year Growth Plan

Posted: 14 Apr 2011 01:36 PM PDT

Spanish telecom giant Telefonica (NYSE:TEF) set its annual revenue growth target at 1% to 4% through 2013 at its investor meeting in London.
A weak Spanish market remains a concern for the company as customers are switching to cheaper offers from its competitors. Telefonica expects its operating margin to decline slightly over the three-year period from 38% earned in 2010, but remain above the mid point of the 30–40% range.
We believe Spain is not working in favor of Telefonica. The economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silgan Buys Graham Packaging

Posted: 14 Apr 2011 01:36 PM PDT

Silgan Holdings Inc. (NASDAQ:SLGN) has entered into a definitive  agreement to acquire Graham Packaging Company Inc. (NYSE:GRM), for approximately $4.1 billion, including debt. Silgan expects the acquisition to be accretive to earnings and cash flow per share in the first full year.
Graham Packaging is a leading global supplier of value-added rigid plastic containers for the food, specialty beverage and consumer products markets. As per the offer, Graham shareholders will receive 0.402 shares of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Still More Interesting Voices

Posted: 14 Apr 2011 01:35 PM PDT

The Real Housewives of Wall Street: Look Who’s Cashing In on the Bailout

Matt Taibbi, a first rate reporter for Rolling Stone, unearths a startling aspect of one of the Fed's alphabet-soup lending programs, in this case the TALF, during the Financial crisis. The numbers he uses are a bit inflated, since it treats a one month loan of say $1 billion, that is then rolled over for a second month as $2 billion worth of loans. Still, a good illustration of welfare for the extremely rich, and an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4490, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, today&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8864 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Up 0.12%

Posted: 14 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.12%, the S&P 500 index gained 0.01%, while the Nasdaq 100 index declined 0.23%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 412.00K last week from 385.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quest Expedites Celera Acquisition

Posted: 14 Apr 2011 01:05 PM PDT

Leading diagnostics player, Quest Diagnostics (NYSE:DGX) took a step forward toward the proposed acquisition of Celera Corporation (NASDAQ:CRA). The company recently announced that the waiting period under the HSR Act has expired, though some other conditions are yet to be met. The tender offer to acquire the shares of Celera is supposed to close on April 25, 2011, unless extended further.
Last month, Quest decided to acquire Celera for $8 per share, through which the company plans to strengthen its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Itron To Supply To ATCO Gas

Posted: 14 Apr 2011 12:55 PM PDT

Itron Inc. (NASDAQ:ITRI) begins installing the first of 1 million 100 G Datalogging gas ERT modules for Alberta based ATCO Gas. Over a period of four years Itron will take care of all the processes starting from project management to end point installation.
Itron's ChoiceConnect metering solution will be used chiefly to leverage the 100G modules and their proven remote data collection technology to automate the meter reading process in order to collect reliable monthly reads.
This practice will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Energy Buys Solar Farm

Posted: 14 Apr 2011 12:55 PM PDT

Duke Energy Corporation's (NYSE:DUK) subsidiary Duke Energy Renewables acquired a 1-megawatt solar farm on the grounds of Martins Creek elementary school in the southwestern corner of North Carolina. Duke Energy Renewables, part of Duke Energy’s Commercial Businesses, acquired the solar farm from ESA Renewables, LLC.
The farm is the only solar farm on school premises in North Carolina and the third-largest solar farm located on school property in the U.S. The Martins Creek Solar farm is Duke … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6345, up 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6426, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monsanto Offers Notes

Posted: 14 Apr 2011 12:35 PM PDT

Monsanto Company (NYSE:MON) recently announced a public debt offering of $300 million, bearing an interest rate of 2.75%. These notes will be issued at 99.787% and result in a yield of 2.796%. The notes will mature in five years on April 15, 2016. The first interest will be paid on Oct. 15, 2011.
Management stated that the proceeds form the offering will be used for general corporate purposes.  The company will also use the proceeds to repay a debt due to Pfizer Inc. related to Monsanto’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J.B. Hunt Tops, Grows Overall

Posted: 14 Apr 2011 12:35 PM PDT

J.B. Hunt Transport Services(NASDAQ:JBHT), the third-largest U.S. truckload carrier, reported first quarter 2011 earnings of 40 cents per share, surpassing the Zacks Consensus Estimate of 38 cents. Earnings per share rose 37.9% from the year-ago earnings of 29 cents.
Total revenue increased 18.5% year over year to $1,000.8 million, handily beating the Zacks Consensus Estimate of $961 million. The growth in revenues was aided by higher shipments in each of the segments. Operating income leaped 33.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Johnson & Johnson

Posted: 14 Apr 2011 12:35 PM PDT

Johnson & Johnson (NYSE:JNJ) is slated to report its first quarter 2011 earnings on April 19, 2011. The current Zacks Consensus Estimate for the first quarter is $1.26 per share, representing a year-over-year decline of 2.3%.
Johnson & Johnson has surpassed earnings estimates in two of the last four quarters and reported in line with the Zacks Consensus Estimate in the final quarter of 2010 (with a trailing four-quarter average of 4.26%). The company is expected to deliver an in-line … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hasbro Lags EPS, Tops Revenue

Posted: 14 Apr 2011 12:35 PM PDT

Hasbro Inc. (NYSE:HAS) reported first quarter 2011 earnings per share of 12 cents, which was shy of the Zacks Consensus Estimate of 17 cents and way below 40 cents earned in the year-earlier quarter. The year-over-year decline was partly due to tough comparisons as first quarter 2010 net earnings included a favorable tax adjustment of 14 cents and increase in costs related to product development.
Hasbro's net revenue of $672.0 million in the quarter was down a marginal 0.08% from the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manitowoc Refinances Sr Notes

Posted: 14 Apr 2011 12:35 PM PDT

Manitowoc Co. Inc. (NYSE:MTW) plans to improve the strength and flexibility of its capital structure by refinancing its existing senior secured credit facility. Besides the capital structure improvement, the proposed plan also includes reducing the interest rate paid on outstanding debt compared with interest paid under its current facility.
As per the proposed transaction, Manitowoc would further increase its revolving credit facility by $100 million to reach $500 million. Including the updated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Supervalu Surpasses Q4 EPS

Posted: 14 Apr 2011 12:35 PM PDT

Supervalu Inc. (NYSE:SVU), one of the largest grocery chains in the United States, delivered higher-than-expected fourth quarter 2011 earnings. The quarterly earnings of 44 cents a share plunged 4.3% from 46 cents posted in the year-ago period. The quarterly earnings also surpassed the Zacks Consensus Estimate of 34 cents. For  full year 2011 Supervalu reported a loss of $7.13 per share, compared to earnings of $1.86 a year ago. It missed the Zacks Consensus Estimate of $1.29.
Supervalu which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Early Dip Puts Market On Notice

Posted: 14 Apr 2011 12:18 PM PDT

Cusick’s Corner
The market is holding and this is where I want to see the bid come in with some conviction in an attempt to buck the recent trend of weak finishes. Tech and Financials are starting to become more volatile, plus Financials are under pressure with some trading volume as well. Some of the more notable names pulled from our Dragon tool under the screen of “Big Daily Change in Implied Stock Volatility” are Washington Federal Inc (NASDAQ:WFSL), Validus Holdings Ltd (NYSE:VR), Banco Macro SA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 14 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9601, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 0.9543, Monday&rsquo;s low, and resistance at 0.9669, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.33% to hit 1.4491 and GBP/USD rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marathon Strikes Oil In Iraq

Posted: 14 Apr 2011 12:05 PM PDT

Leading integrated oil and gas company  Marathon Oil Corporation (NYSE:MRO) announced the discovery of oil at the Atrush-1 in the Kurdistan Region of Iraq. Marathon acquired a 20% stake in the block, through its subsidiary Marathon Petroleum KDV B.V. in October, 2010, making its foray into the country's oil and gas industry.
The remaining 80% working interest in Atrush is with the joint-venture company General Exploration Partners, Inc., a subsidiary of Aspect Holdings, LLC and ShaMaran … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NeuroMetrix To Preview DPN Test

Posted: 14 Apr 2011 12:05 PM PDT

Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) will preview its latest test, the NC-stat DPNCheck, at the ongoing Annual Meeting of the American Association of Clinical Endocrinologists ("AACE") in San Diego, California. The NC-stat DPNCheck test has been designed for evaluating systemic neuropathies such as diabetic peripheral neuropathy ("DPN"). Visitors at the company's booth at the AACE can learn about the product, view a live demonstration and inquire about trial.
DPN, a common … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC Renews IT Ties

Posted: 14 Apr 2011 12:05 PM PDT

Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has renewed a seven-year information technology (IT) outsourcing deal with Denmark's leading insurance company, Tryg, for a total value of $348.0 million.
Tryg sells insurance products in Denmark through its own distribution channels, while its subsidiaries market these in Sweden, Finland and Norway. Its products cover roughly one million beneficiaries. Tryg is expanding its operations through acquisitions in Finland and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rough Times For Saab

Posted: 14 Apr 2011 06:55 AM PDT

04/14/11 Automaker Saab continues to struggle this week as cash keeps dwindling and production remains halted since early last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4490, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, today&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Eli Lilly

Posted: 14 Apr 2011 11:25 AM PDT

Eli Lilly & Company (NYSE:LLY) is all set to announce its first quarter 2011 results on April 18, 2011 before the opening bell. The Zacks Consensus Estimate for the first quarter is $1.16, representing a year-over-year decrease 1.7%. Eli Lilly has surpassed earnings estimates consistently in the last four quarters with a trailing four-quarter average of 6.04%.
Fourth Quarter Recap
Eli Lilly reported fourth quarter earnings per share of $1.11, a penny above the Zacks Consensus Estimate and 22% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

C.H. Robinson Remains Neutral

Posted: 14 Apr 2011 11:25 AM PDT

We are maintaining our long-term Neutral recommendation on C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) with a Zacks #4 Rank (Sell) based on  its strong business structure and accelerated revenue growth.
We believe broad-based growth opportunities, market share gains, improving existing services and introducing new ones bode well for the company's long-term growth target of 15% for gross profit (net revenue), income from operations and earnings per share.
However, competitive threats, higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Otosan Raises Forecast

Posted: 14 Apr 2011 11:25 AM PDT

Ford Otomotiv Sanayi AS (Ford Otosan), a Turkey-based joint venture operated by Ford Motor Co. (NYSE:F) and its Turkish partner, Koç Holding, revised its sales forecast upward to 340,000 units from 320,000 units for 2011. It included domestic sales of 128,000 units, up from the previous forecast of 121,000 units, and export of 212,000 units, up from the prior guidance of 199,000 units.
Ford Otosan started production in 1965, with each company holding a 41% share in the venture. It operates four … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 14 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> AUD/USD was trading at 1.0535, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, Tuesday&rsquo;s low, and resistance at 1.0581, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish Continuation In Gold And Silver Points To Further USD Weakness

Posted: 14 Apr 2011 11:08 AM PDT

Bullish Continuation in Gold and Silver Points to Further USD Weakness
After a quick correction in gold and silver, both precious metals are continuing their unstoppable rallies. This dynamic typically has a negative correlation to the USD. As we watch the gold and silver charts make new highs, we can expect the USD Index to test its 2009 low, and perhaps the record low at 70.70 from March 2008.

(function ($) { $(“#ytplayer-4da73a58473fc”).ytplayer({source: “6C_IDseVPBs”, height: 390, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Autoliv Expands In Southern China

Posted: 14 Apr 2011 11:05 AM PDT

Autoliv Inc. (NYSE:ALV) announced that it has started building an extension of its airbag and seatbelt assembly facility in Guangzhou in Southern China. The near $4 million extension will enhance the floor space of the facility by 70%.
The Guangzhou plant began its operations three years ago by replacing a leased plant that started in 2005. The extension program will increase the total employee count at the plant by 150 heads to 950 heads.
The plant manufactures airbags and seatbelts both for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Mattel

Posted: 14 Apr 2011 11:05 AM PDT

The world's largest manufacturer of toys, Mattel Inc. (NYSE:MAT) is slated to release its first-quarter 2011 results on Friday, April 15, before the opening bell. The current Zacks Consensus Estimate for the first quarter is 5 cents per share, representing an annualized negative growth of 28.57%. The Zacks Consensus Sales estimate for the first quarter is $907 million.
With respect to earnings surprises over the trailing four quarters, Mattel witnessed significant upside from approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Slips To Underperform

Posted: 14 Apr 2011 11:05 AM PDT

We have downgraded our long-term recommendation on the largest U.S. airline United Continental Holdings Inc. (UAL) to Underperform from Neutral. We believe escalating fuel prices, weak traffic volumes and the March 11 catastrophe in Japan will hurt the company's profits over the year.
Persistently rising fuel prices since last December have surfaced as a major headwind for the airlines industry. Crude oil prices are currently trading around $110 per barrel, representing the steepest rise in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eni To Buy East Ukraine Stakes

Posted: 14 Apr 2011 11:05 AM PDT

Italian oil and gas company, Eni SpA (NYSE:E) plans to acquire stakes in Pokrovskeo and Zagoryanska licenses in east Ukraine from Cadogan Petroleum. The deal is a part of the Italian giant's strategy of strengthening its position in East Europe. The expected date of completion is June 30, 2011, subject to the Cadogan shareholders as well as the Ukrainian Anti-Monopoly Commission approval.
Under the agreement, Eni will acquire 60% share in the Pokrovskoe license. The company will purchase 30% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 14 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7929, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday&rsquo;s low, and resistance at 0.7956, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.13% to hit 1.3288 and EUR/NZD falling 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Life Strengthens Portfolio

Posted: 14 Apr 2011 10:35 AM PDT

Life Technologies Corporation (LIFE) has introduced Ion OneTouch system, an automated sample preparation system for the Ion Personal Genome Machine (PGM) sequencer. The company will begin shipment of the product in late June.
The Ion OneTouch system, with an introductory price lower than $5,000, is expected to reduce complexity and time required making things more convenient for researchers.
In December 2010, Life Technologies launched Ion PGM sequencer, the first product to use semiconductor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tesoro Logistics Unveils IPO Plans

Posted: 14 Apr 2011 10:35 AM PDT

In a filing with the Securities and Exchange Commission, Tesoro Logistics LP – a newly formed subsidiary of independent refiner Tesoro Corporation (TSO )  – announced the launch of an initial public offering ("IPO") of 12,500,000 common units representing limited partner interests. The partnership also intends to provide the underwriters with a 30-day option to purchase up to 1,875,000 additional common units to cover over-allotments, if any.
Tesoro Logistics, whose common … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge Shows Way To $1B Incentive

Posted: 14 Apr 2011 10:35 AM PDT

Merge Healthcare (NASDAQ:MRGE) recently decided to widen its scope through an agreement with Regional Medical Imaging (RMI), a Michigan based full-service medical imaging organization. As per the new deal, RMI will leverage Merge's RIS v7.0 to meet the 'Meaningful Use' needs of imaging interoperability as well as strengthen its image management solutions.
It has been estimated that about 90% of the radiologists in US are eligible to qualify for the Meaningful Use incentives mentioned in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EIA: Gasoline, Refinery Runs Plunge

Posted: 14 Apr 2011 10:35 AM PDT

The U.S. Energy Department’s weekly inventory release showed a continued build-up in crude stockpiles with supplies at the key delivery hub of Cushing hitting a record high. However, on the bullish side, the agency's report revealed that gasoline stocks dropped sharply, while distillate supplies were also down from the previous week. Additionally, refiners cut processing rates by 3%.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Earnings Season…seeing Some Profit-taking”

Posted: 14 Apr 2011 10:20 AM PDT

04/14/11 ICAP’s Kenneth Polcari weighs in on today’s trading action, following the latest data releases, earnings and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Declines On Jobs Data

Posted: 14 Apr 2011 05:15 AM PDT

04/14/11 The US dollar posted a decline against its other major counterparts as initial jobless claims unexpectedly rose and optimism began to rise concerning Europe’s sovreign debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

James Murray’s Growth Strategy Pays Dividends At Alternative Networks

Posted: 14 Apr 2011 08:27 AM PDT

When James Murray brought Alternative Networks (LON: AN.) to the AIM market in February 2005, the telecoms business he co-founded had already delivered ten years of profitable growth. That year the company turned over £46m, produced a pre-tax profit of £3.9m and Murray picked up Ernst amp; Young's Entrepreneur of the Year award to boot. Six years on, sales and profits have more than doubled, Murray and his team have ably guided the business through recession and a long-standing strategy to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Support And Resistance: A Dynamic View

Posted: 14 Apr 2011 06:43 AM PDT

I’m always somewhat skeptical of the certainty with which some technical analysts, especially those less experienced, proclaim that a stock or index is about to cross above or below a support or resistance trendline. They insert trendlines on their charts as if they were constructing magical concrete permanent barriers. Rather, those trendlines identify nothing more than the analyst’s visual representation of places where changes in momentum between buyers and sellers (a pivot) took place in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volume Spread Analysis (VSA) Multi Time Frame

Posted: 13 Apr 2011 11:57 PM PDT

Bar by bar analysis of volume, high, low and close has been termed VSA or Volume Spread Analysis. This is the study of the range of the bar, with the consideration to the position of the close relative to size of volume activity and location of the bar within the trend channel of price.

This is from the methods of Richard Wyckoff.

Book References: (See our education page for links)
Charting The Stock Market, The Wyckoff Method – part 2 by Dies Weis **
Investing with Volume Analysis – Buff … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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