Friday, April 8, 2011

DailyMarkets.com - Is America Becoming The Land Of The Part-Time Job?

DailyMarkets.com - Is America Becoming The Land Of The Part-Time Job?

Is America Becoming The Land Of The Part-Time Job?

Posted: 08 Apr 2011 03:26 AM PDT

Do you need a good job? If so, there are millions of other Americans that are just like you. Unfortunately, most of the jobs that are available in America today are either part-time jobs, temp jobs or are “independent contractor” jobs. The “full-time job with benefits” is a dying breed. There are so many desperate unemployed workers in America today that companies don’t have to roll out the red carpet anymore. Instead, they can just hire a horde of inexpensive part-timers and temps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In European Trade

Posted: 08 Apr 2011 02:30 AM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 85.28, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.65% to hit 1.4402 and GBP/USD rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In European Trading Hours

Posted: 08 Apr 2011 01:55 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4399, up 0.63% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4422, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8778 and EUR/JPY rising 0.98% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The European Session

Posted: 08 Apr 2011 01:10 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6394, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6422, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8788 and GBP/JPY rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Pushes Higher To New Weeks Highs But Runs Into Channel Resistance

Posted: 08 Apr 2011 12:43 AM PDT

The GBPUSD has moved higher today but has run into trendline channel resistance and are seeing some rotation back to the downside.  I will be looking for the 38.2% of the days range to hold support now at the 1.6379 level. If the level can hold any corrective moves, the bulls should remain in control. However, a move back above the 1.6400 level might provide some resistance. 
Nevertheless the move higher has been quite robust with the price pushing above early March 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In European Trade

Posted: 08 Apr 2011 12:10 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4398, up 0.63% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4407, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8790 and EUR/JPY rising 0.87% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Close Higher; Nikkei Up 1.85%

Posted: 08 Apr 2011 12:00 AM PDT

Forex Pros – Asian stocks were up after the closing bell on Friday.<br/><br/> At the close of Asian trade, Japan&rsquo;s Nikkei 225 index rose 1.85%, Australia&rsquo;s S&P/ASX 200 index gained 0.42%, while Hong Kong&rsquo;s Hang Seng Index was trading 0.57% up.<br/><br/> Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.15%, S&P 500 futures pointed to an increase of 0.15% and Nasdaq … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests The Next Topside Resistance At The 1.4399

Posted: 07 Apr 2011 11:49 PM PDT

The EURUSD has resumed the climb today, led higher on the back of the break of the bull flag at the 1.4310 level in the Far East session (see chart above at 3). This led to the next surge higher. The pair has found resistance against the next topside trendline at the 1.4399 level currently (see hourly chart below).  A move above this level is now needed to ignite even more buying for the pair. 

On the daily chart, should the topside resistance be broken at the 1.4399 level, the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Deckers Outdoor (DECK)

Posted: 07 Apr 2011 11:05 PM PDT

Deckers Outdoor’s (NASDAQ:DECK) sustained focus on new product introductions and geographic expansion has helped achieved robust growth. The company delivered better-than-expected fourth-quarter 2010 results on the heels of strong demand for the product lines under the UGG and Teva brands.
The international markets provide a significant growth opportunity, and we remain optimistic about the company’s incremental sales and earnings potential. Riding on the back of robust results, Deckers remains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Brady Corp

Posted: 07 Apr 2011 11:05 PM PDT

Brady Corp (NYSE:BRC) analysts are increasingly bullish thanks to the most recent earnings release. Estimates are on the rise and are pointing to a great long-term trend that should carry shares of this Zacks #1 Rank (Strong Buy) much higher.
Company Description

Brady Corp makes solutions that identify and protect premises, products and people. Some of the products and services included labels, signs, safety devices and printing systems. The company has customers in the electronics, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: Ross Stores, Inc.

Posted: 07 Apr 2011 11:05 PM PDT

Ross Stores, Inc. (NASDAQ:ROST) carried its momentum into the fourth quarter and posted solid fourth quarter results, including a 4% increase in same-store sales.
Despite going up against very difficult comp sales in 2009 and 2010, the off-price retailer continues to outperform expectations, prompting analysts to revise their estimates higher.
The company also has a history of rewarding its shareholders through stock buybacks and dividend increases. It currently yields 1.2%.
Fourth Quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Crocs, Inc.

Posted: 07 Apr 2011 11:05 PM PDT

Crocs, Inc. (NASDAQ:CROX) continues to rebound from some tough losses in 2009 as shares remain within striking distance of the recent multi-year high just shy of $20. With four consecutive earnings surprises and a bullish growth projection, this Zacks #2 rank stock is kicks up the momentum factor a notch or two.
Company Description
Crocs, Inc. and its subsidiaries designs and sells a line of specialty footwear and accessories for men, woman and children worldwide. The company was founded in 1999 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Carnival Corp. (CCL)

Posted: 07 Apr 2011 11:05 PM PDT

Carnival Corporation’s (NYSE:CCL) first quarter 2011 earnings matched the Zacks Consensus Estimate. However, surging fuel prices are acting as the major hindrance to the company’s growth. Moreover, greater exposure to a sluggish European market, overall inflationary outlook, political disturbances in some geographies and lower near-term Caribbean pricing will be headwinds for the company.
The company also reduced its net revenue yield guidance for fiscal 2011. Thus, we downgrade the stock from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Finds No Shortage Of Bullish Arguments, Gold Revisits Inflation Fears

Posted: 07 Apr 2011 11:02 PM PDT

Commodities – Energy
Crude Oil Bulls Find No Shortage of Arguments
WTI Crude Oil (NY Close): $110.30 // +1.47 // +1.35%
Prices have taken out resistance at $109.46, the 123.6% Fibonacci extension of the 3/7-3/16 downswing, with the bulls now targeting the 138.2% level at $111.30. Continued gains above that boundary target the 150% Fib at $112.30. The $109.46 level has been recast as near-term support.
Crude remains firmly correlated with the MSCI World stock Index, suggesting sentiment trends … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 07 Apr 2011 10:50 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4390, up 0.57% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4404, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8783 and EUR/JPY rising 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade

Posted: 07 Apr 2011 10:25 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6384, up 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6392, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8785 and GBP/JPY rising 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:11 PM PDT

By ForexMansion.com

 
The EUR/USD pair has busted through the 1.4250 showing its intentions in the near future as being bullish. This is a break of the largest trend line that the pair has seen in a long time. The ECB has increased its rate by 25 bps, and left the market to determine whether or not they are going to do it again. The reaction was muted, but what should be noted is that the pair remained stable, eventually forming a hammer showing 1.4250 as being support now. Selling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/JPY Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:10 PM PDT

By ForexMansion.com

 
EUR/JPY shows signs of slowing down today as it finally formed a red candle. Many traders will start to think about taking profits, as this pair has moved 17.5 handles in just about 2 weeks! The smart play is to wait and see if we can fall to 120, and look for support there. Buying is still preferred, but only on dips. Shorting is highly discouraged.

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

EUR/GBP Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:10 PM PDT

By ForexMansion.com

 
EUR/GBP reversed yesterday's move, bouncing hard today for the second day in a row. The pair has retested the 0.88 level again, proving the importance of this area. The area continues to be vital to the future direction of the EUR/GBP pair, and should be monitored. For the meantime, this pair is to be watched, not traded.

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

GBP/USD Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:07 PM PDT

By ForexMansion.com

 
The GBP/USD pair had an eventful day today, as the market originally pushed it lower, only to see it rebound later in the day. Because of this, it looks confused at first glance. However, noting that the pair rebounded right back to resistance leads us to think that a breakout may be coming. The question of course is when… A pullback is probable, and patience should be shown with this pair as it still remains a buying pair. A move down to 1.60 gets buyers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:07 PM PDT

By ForexMansion.com

 
The NZD/USD pair had an eventful day today, (much like the GBP/USD pair) as the market originally sold it off, only to see it bought back up later in the day. Because of this, it looks confused at the moment. However, since the pair rebounded right back to resistance suggests a breakout may be coming. A pullback is still very possible, so patience should be shown with this pair. A move above 0.78 will be needed to attract new buyers, and a breakdown of 0.73 is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:05 PM PDT

By ForexMansion.com

 
The USD/JPY pair fell today, retesting the all-important 84.50 area that was once resistance. Now that this level appears to have held, the possibility of new buyers enters the picture as many of them will have missed the initial surge. Because of this, selling isn't possible until under this level, and buying is certainly the preferred direction at this point in time.

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

GBP/CHF Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:03 PM PDT

By ForexMansion.com

 
GBP/CHF formed a very small bearish candle today, showing an overall consolidation as we are still above the 1.49 support area. The pair barely moved, and shows that traders are simply waiting for clear direction. A break above 1.52 gets buyers involved, but a break below 1.48 will turn this pair very bearish as sellers get involved.

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

AUD/NZD Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:02 PM PDT

By ForexMansion.com

 
The AUD/NZD pair fell again today, only to rebound and fall again. The shooting star-like formation suggests that attempts to rally have failed. This is a very bearish turn of events for this pair. Although a short isn't suggested, a long isn't either. Perhaps a day or two to settle down will be needed for it to show us where it wants to go as there are simply too many support areas to short this pair with any real conviction.

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

Natural Gas Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:01 PM PDT

By CommoditiesMansion.com

 
Natural gas markets continue look very bearish today, finishing down towards our $4.00 support area. Traders will begin to wonder whether or not support is going to hold below. However, this is a significant area for possible support. Add to that the Fibonacci study that shows the $4.10 area as being a 61.8% retracement and buyers may start to get interested. A break below the $4 handle would be very bearish and have us possibly testing the lows. If the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:01 PM PDT

By CommoditiesMansion.com

 
Light Sweet Crude
The light sweet crude contract continued to push northward today, as we have cleared the $1.09 level, and are currently at the $110 handle. Because of this, it appears that we have formed a base in which to launch further upward.
Any movement downward in this market should be considered a buying opportunity as it will simply be a pullback and not a trend change at this juncture. Selling the CL contract continues to be self-destructive at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 10:00 PM PDT

By CommoditiesMansion.com

 
Gold continues to sit at its all-time highs as the traders simply aren't interested in selling it. When you think about it, gold serves as a safe haven currency at times, and there is plenty of uncertainty in the world to warrant buying it. Because of this, any pullback should attract new buying. A move back down to $1,450 should prove to be a very supportive area. Selling simply isn't prudent at this juncture.

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

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 07 Apr 2011 10:00 PM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.3116, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.3054, Tuesday&rsquo;s low, and resistance at 1.3242, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.57% to hit 1.4390 and EUR/JPY rising 0.76% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Outlook For April 8, 2011

Posted: 07 Apr 2011 09:59 PM PDT

By ForexMansion.com
At 08:30 GMT, PPI data are due where there will be focus on it after rapid rise in CPIfor February to 4.4%. Annual PPI output will retreat to 5.1% in March from 5.3% and yearly PPI input will plunge to 12.5% from 14.6%. Inflation remains one of the major threats to the British economy. Now, there is more pressure on the BoE to raise borrowing cost after the ECB had raised interest rate by 25 basis points in April.
 
Yesterday, the BoE opted to leave both interest rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Outlook For April 8, 2011

Posted: 07 Apr 2011 09:58 PM PDT

By ForexMansion.com
Unemployment data for the Swiss economy will be released at 07:45 GMTas forecasts are in favor of a decline to 3.4% in March from the prior 3.6%, while the seasonally adjusted reading will inch down to 3.3% from the previous 3.4%, according to median estimates. The improvement in unemployment data may take the pair lower as it will provide strong clues that the Swiss economy is on the right track.
 
On the other hand, the USeconomy is also showing progress, where … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Outlook For April 8, 2011

Posted: 07 Apr 2011 09:57 PM PDT

By ForexMansion.com
 
The EUR/USD pair fell on ECB's rate hike as expected, where inflation threats have moved to the upside over in the continent that struggles with debt and huge budget deficit. Portugal requested aid from the EU and IMF to help put a cap on budget deficit and reduce debt, causing the euro to depreciate against the dollar.
Note that Moody's Investors Services downgraded Portugal's credit rating by one-notch while setting the rate on review for further cut as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – BOE Leaves Rates At 0.50%, While ECB Raise Rates To 1.25% And New Earthquake In Japan Sends U.S. Stocks Lower

Posted: 07 Apr 2011 09:51 PM PDT

By ForexMansion.com
 
Markets were focused on Europe today, where the Bank of England and the European Central Bank both released their rate decision, as the BOE left the benchmark interest rates unchanged at 0.50 percent in line with expectations, while the ECB raised interest rates by 25 basis points also in line with expectations, nevertheless, both central banks signaled rising risks of inflation.
Meanwhile, the U.S. Labor Department released the jobless claims for the week ending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 09:50 PM PDT

By CommoditiesMansion.com
 
Crude oil prices extended their rally on Thursday to reach the highest level since August 2008 at $109.41 a barrel, where the ongoing political unrest in Libya continued to support crude oil prices.
Meanwhile, news emerged that an earthquake of 7.4 magnitude hit Japan, however, oil prices continued to rise, where investors are still focused on the political crisis in Middle East.
Crude oil prices could fall on Friday amid the lack of economic news in the United … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Daily Outlook For April 08, 2011

Posted: 07 Apr 2011 09:49 PM PDT

By CommoditiesMansion.com
 
Natural gas prices extended their drop for a fifth consecutive day, marking the biggest losing streak in almost seven months, after the U.S. Energy Department said natural gas stockpiles fell below estimates.
Moreover, warmer than expected weather conditions continued to push natural gas prices lower over the past period, and we should expect the downside trend to continue over the upcoming period, given that temperatures remain higher than normal for this time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Daily Outlook For April 8, 2011

Posted: 07 Apr 2011 09:48 PM PDT

By CommoditiesMansion.com
 
Gold narrow traded Wednesday despite the rise in the value of the dollar that usually moves inversely with commodities. The ECB hiked rates by 25.0 basis points, from record low of 1.0%, accordingly, driving the dollar higher, but the inverse relationship failed to lure investors away from the metal as it continued to trade near the opening levels of $1,459.47 an ounce.
The metal is expected to rise higher as UK's PPI reports (released at 08:30 GMT) is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During Asian Trade

Posted: 07 Apr 2011 09:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.9108, down 0.62% at time of writing.<br/><br/> The pair was likely to find support at 0.9104, today&rsquo;s low, and resistance at 0.9292, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.57% to hit 1.4390 and USD/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The Asian Session

Posted: 07 Apr 2011 09:20 PM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8787, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.8715, Tuesday&rsquo;s low, and resistance at 0.8840, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.58% to hit 1.4391 and EUR/JPY rising 0.87% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Microsoft Ties Toyota To NextGen

Posted: 07 Apr 2011 09:05 PM PDT

Toyota Motor Corp. (NYSE:TM) struck a deal with Microsoft Corp. (NASDAQ:MSFT), in which the latter will help building the automaker's next generation in-car technology. The partnership deal will enable Toyota to deploy its telematics system, powered by Microsoft's Windows Azure and ultimately establish a global cloud platform within three years.
As a part of the deal, the two companies will jointly invest $12 million in Toyota Media Services Co., a subsidiary of Toyota that provides digital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 07 Apr 2011 08:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 85.12, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.62% to hit 1.4396 and GBP/USD rising 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In Asian Trading Hours

Posted: 07 Apr 2011 08:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9570, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.9569, today&rsquo;s low, and resistance at 0.9693, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.42% to hit 1.4368 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up During Asian Trade

Posted: 07 Apr 2011 07:30 PM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0481, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.0289, Tuesday&rsquo;s low, and resistance at 1.0508, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.23% to hit 1.3699 and AUD/JPY rising 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 07 Apr 2011 07:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4359, up 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4372, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8782 and EUR/JPY rising 0.88% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 06:53 PM PDT

By ForexMansion.com

 
EUR/CHF had a slightly bearish day today, forming a red candle after yesterday's doji. Because of this, it looks like the pair still favors a down move, but only slightly so as we are still between the support area of 1.30, and the resistance area of 1.32. Until we break out of this 200 pip range, only scalpers will find this pair enticing.

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

The Pandas Are “Made In China.” So What Are They Doing At The Smithsonian’s NATIONAL Zoo In DC?

Posted: 07 Apr 2011 06:53 PM PDT

Is there really any difference between imported Chinese pandas in a Smithsonian museum and imported Chinese souvenirs in a museum gift shop?

Last month Senator Bernie Sanders (I-Vt.) summoned the Smithsonian Museum’s top officials into his office and demanded they start selling more “Made in the USA” products in Smithsonian museum gift shops.  According to ABC News:

“After the meeting with Sanders, Smithsonian officials said they would sell more American-made souvenirs and promised to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nothing To See Here

Posted: 07 Apr 2011 06:51 PM PDT

In “Traffic Citations Statewide Jump Since Beginning of Recession,” the Whittier Daily News reports on an interesting development in the area of law enforcement.
The California Highway Patrol and local police officers issued 110,000 more traffic citations in Los Angeles County last year then they did at the start of the economic recession, and a Sacramento attorney is questioning the timing.
In fiscal year 2006-2007, officers wrote 1,746,852 tickets countywide, according to data from Los … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Technical Analysis For April 8, 2011

Posted: 07 Apr 2011 06:35 PM PDT

By ForexMansion.com

 
The USD/CAD pair has broken below the 0.96 level finally, and looks to close below it for the first time today. The pair still looks bearish, and should continue to be so as long as oil continues to rise in value. The bulls are not even bothering to buy this pair now, and a strong reversal above the parity level would have to be seen to even consider buying this pair. Selling on the rallies is the preferred strategy at the moment, and should continue to be for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Up During Asian Trade

Posted: 07 Apr 2011 06:35 PM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Friday.<br/><br/> EUR/JPY was trading at 122.27, up 0.63% at time of writing.<br/><br/> The pair was likely to find support at 119.19, Monday&rsquo;s low, and resistance at 122.61, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.25% to hit 1.4344 and EUR/GBP rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ruby Tuesday Misses, Guides Low

Posted: 07 Apr 2011 06:31 PM PDT

Ruby Tuesday Inc. (NYSE:RT), a casual dining restaurant operator, recently reported its third-quarter 2011 adjusted earnings of 24 cents per share, below the Zacks Consensus Estimate of 31 cents and the year-ago quarter's earnings of 28 cents.
Total revenue in the quarter increased 3.8% year over year to $319.1 million and was in line with the Zacks Consensus Estimate. The upside in revenue was attributable to acquisition of seven franchise partnership businesses.
Inside the Headline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Montpelier Forecasts Cat Losses

Posted: 07 Apr 2011 06:30 PM PDT

Montpelier Re Holdings Ltd. (NYSE:MRH) guided preliminary losses from the earthquake and tsunami in Japan to $126 million, pre-tax and net of retrocessional recoveries and reinstatement premiums.
The company has forecast total industry losses of roughly $25 billion resulting from the earthquake and tsunami in Japan.
Earlier, Montpelier guided preliminary net loss to approximately $75 million, net of reinstatement premium, attributable to the earthquake in New Zealand in February 2011. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LabCorp, Orchid Test DNA

Posted: 07 Apr 2011 06:30 PM PDT

Laboratory Corporation of America Holdings (NYSE:LH) has decided to acquire Orchid Cellmark (NASDAQ:ORCH) for $2.80 per share in cash or a total $85.4 million. The offer price represents a 37.31% premium on the closing price of the share as on April 5, 2011.
After taking into account Orchid Cellmark's cash balance LabCorp's net payable comes to $65.6 million. The transaction is expected to complete by the second quarter of 2011. Orchid Cellmark provides DNA testing services targeted towards … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Highwoods Buys Property In Raleigh

Posted: 07 Apr 2011 06:30 PM PDT

Highwoods Properties, Inc., (NYSE:HIW), a real estate investment trust recently acquired 4201 Lake Boone Trail, a 48,000-square-foot, three-story medical office building in Raleigh. The total outlay is $9.0 million which includes near-term capital expenditures.
Highwoods is now the owner of eight medical office buildings spanning 338,000 square feet and 93.9% leased located across the street from Rex Hospital.
The three-story medical office building in the first year of its operations is expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Encana And Heckmann Team Up

Posted: 07 Apr 2011 06:30 PM PDT

Encana Corporation (NYSE:ECA), through its subsidiary Encana Natural Gas Inc., has teamed up with Heckmann Water Resources ("HWR") to provide liquefied natural gas (LNG) from its new mobile LNG fueling stations.
California-based HWR, the parent company of Heckmann Corporation (NYSE:HEK), provides water hauling services to Encana and other producers in the Haynesville shale gas play of Louisiana. Recently, Heckmann ordered an additional 200 LNG trucks from Peterbilt Motors Corporation of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Covidien’s Pipeline Device Cleared

Posted: 07 Apr 2011 06:30 PM PDT

Leading healthcare products maker Covidien plc (NYSE:COV) has secured Premarket Approval ("PMA") from the U.S. Food and Drug Administration's ("FDA") for its Pipeline Embolization Device for treating adults (22 years and above) with large, giant and wide-neck cerebral aneurysms (a brain vascular disorder). The approval follows the unanimous recommendation of the FDA's advisory panel in March 2011.
Covidien obtained the Pipeline Embolization Device following its $2.6 billion acquisition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Energy Upgrades Plant

Posted: 07 Apr 2011 06:29 PM PDT

Constellation Energy Group Inc. (NYSE:CEG) awarded a generator replacement project valued at approximately $50 million to Mitsubishi Power Systems Americas Inc.
The generator replacement will be done at the Ginna Nuclear Power Plant in Ontario, New York. Per the contract, Mitsubishi will install a new electrical generator and excitation system including related auxiliaries during a planned refueling and maintenance outage.
The Ginna Nuclear plant is part of Constellation Energy Nuclear Group, LLC. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 07 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 138.88, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 135.20, Monday&rsquo;s low, and resistance at 139.70, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.6326 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 07 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 138.88, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 135.20, Monday&rsquo;s low, and resistance at 139.70, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.6326 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE Selects Contractor For Hudson Dredging

Posted: 07 Apr 2011 05:15 PM PDT

General Electric (NYSE:GE) has selected Cashman Dredging & Marine Contracting Co. LLC, to conduct environmental dredging in the Upper Hudson River in 2011.
This follows an announcement last year that GE would perform the second and final stages of the Hudson dredging project over the next five to seven years.
The size and scope of the Hudson project make it one of the largest and most logistically complex environmental dredging projects ever undertaken in the United States.
GE is in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 07 Apr 2011 04:50 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7766, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 0.7660, Monday&rsquo;s low, and resistance at 0.7808, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.16% to hit 1.3463 and EUR/NZD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lesson In Trading The Intraday Dead Cat Bounce April 7

Posted: 07 Apr 2011 04:48 PM PDT

I'm overdue for an intraday trading lesson!
Today gave us a great example of how to set-up, forecast, and trade a classic "Dead Cat Bounce" set-up on the intraday charts from a surprise or 'shock' move that created a large impulse move.
Let's take a moment and learn this lesson step-by-step, keeping in mind that while I'm showing this concept on the 1-min intraday chart, this concept of "Impulse, Retracement into Resistance, and Sell-off Phase" is applicable to all markets and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Recovery Watch: Rail,Temp Help, Air Traffic All Up

Posted: 07 Apr 2011 04:21 PM PDT

1. The American Association of Railroads reported today that U.S. railroads originated 305,905 carloads for the week ending April 2, which was an increase of 5.7% from the comparable week last year, and is the highest level for carload rail traffic since late 2008 (see chart above).  Intermodal rail containers increased to 234,208 trailers and containers last week, which was 19.4% above the same week last year.   

2. The American Staffing Association Staffing Index reached the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Parcel Signs Labor Deal

Posted: 07 Apr 2011 04:05 PM PDT

The world’s largest express carrier and package delivery company, United Parcel Service Inc. (NYSE:UPS) entered into a new labor agreement with International Brotherhood of Teamsters representing 1,200 aircraft maintenance technicians and employees.
These members are associated with Louisville, Kentucky-based airlines of United Parcel, which operates the air-cargo shipping business for the company.
The company reported that approximately 1,136 members of the union participated in ballot and 69% of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Outperform On CACI International

Posted: 07 Apr 2011 04:05 PM PDT

We recently reiterated our Outperform recommendation on CACI International Inc. (CACI).
CACI International targets its services at defense, intelligence, homeland security and IT modernization. Demand for the company's services is generated by the increasingly complex network, systems and information environments in which governments and businesses operate. These agencies need to update their systems to increase productivity and performance.
Earnings estimates for fiscal 2011 have risen by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Net 2011 Outlook Lowered

Posted: 07 Apr 2011 04:05 PM PDT

Following the Louisiana Supreme Court order to pay for damages, Health Net, Inc (NYSE:HNT) expects to cut its 2011 earnings outlook by $1.40 per share.
In July 2005, the court had accused Health Net and awarded approximately $117 million in damages, including $52.4 million in compensatory damages and $65 million in punitive damages.
The lawsuit arose in 1999 from the sale of three health plan subsidiaries of Health Net in Texas, Oklahoma and Louisiana to AmCareco, Inc., which owned and operated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

777 Orders Strengthen For Boeing

Posted: 07 Apr 2011 04:05 PM PDT

The Boeing Company (NYSE:BA) received an order for three 777 Freighters and two 777-300ERs from Qatar Airways. The combined value of the order comes to about $1.4 billion.
Qatar Airways has ordered these 777 planes to take advantage of the phenomenal economic growth in the state of Qatar. The airline currently operates 25 777s, which have become the flagship of its fleet. Qatar Airways' fleet comprises eight ultra-long range 777-200LR, fifteen 777-300ERs and two long-range 777 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE To Build Thin-film Solar Panel Plant

Posted: 07 Apr 2011 03:55 PM PDT

04/07/11 General Electric plans to build the largest thin-film solar plant in the US. The factory will expand GE’s renewable energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Extends F-150 Recall

Posted: 07 Apr 2011 03:35 PM PDT

Ford Motor Co. (NYSE:F) has been forced by the government to extend its recall of its best selling pickup truck, F-150, by 6,000 units to 150,000 units in the U.S. and Canada. The recall was related to a glitch with the front air bags that may deploy when not needed due to a short circuit.
In 2009, National Highway Traffic Safety Administration (NHTSA) opened an investigation into 1.3 million units of F-150 trucks from the 2004-2006 model years. The vehicles were manufactured at the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marriott, Et. Al. Big On India

Posted: 07 Apr 2011 03:35 PM PDT

Marriott International Inc. (NYSE:MAR), the largest U.S. hotel chain, has inked a preliminary joint venture (JV) agreement with SAMHI Hotels Pvt Ltd to debut Fairfield by Marriott in India. SAMHI is a hotel investment and development company based in New Delhi, India.
The venture will cater to the growing Indian business traveler segment. The formation of the JV is expected to close in the second quarter of 2011. With local market knowledge and a proven track record in the hospitality sector, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Crude Oil, Gold, Japan, US Wholesale Trade

Posted: 07 Apr 2011 10:20 AM PDT

04/07/11 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

Hot Option Plays: Market Holds Its Ground

Posted: 07 Apr 2011 03:18 PM PDT

Cusick Corner
The market braced itself for the news in Japan and has held its ground. But the market is whippy and the fact that it’s overbought is looking like it has started to wane, leaving me with uncertainty into the After Hours. I have written over the last few weeks about some strategic approaches — go to the blog at www.xpoundblog.com to review. Today I want to see if the market can hold critical support levels, 1326 on the S&P 500, let’s see if this consolidation in the face of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Today’s Action Had Some Buying On The Dips

Posted: 07 Apr 2011 03:18 PM PDT

Cusick’s Corner
The news today that Japan experienced yet another earthquake spooked the market, triggering selling. There were initial reports that their nuclear facilities did not suffer any damage so the sell-off did not last long and there was buying on the dips, which helped the markets trade higher from their session lows. The S&P 500 closed at 1333.51 which is still above critical support level of 1326 (trading range today was 1,326.56 – 1,338.80). The VIX moved to 18 today on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Topic Comps Slide Further

Posted: 07 Apr 2011 03:10 PM PDT

Hot Topic Inc. (NASDAQ:HOTT) reported a decline of 5.0% in same-store sales for the five weeks ended April 2, 2011.
The drop narrowed marginally from a decline of 7.5% in the prior-year month; however, widened substantially from a decline of 1.4% as of February 26, 2011.
This marked the 23rd consecutive month of negative same-store sales. The company had last registered same-store sales growth of 3.1% way back in April 2009.
Hot Topic recorded a 6.4% year-over-year drop in total sales for the month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Immucor Tops Estimates

Posted: 07 Apr 2011 03:05 PM PDT

Immucor Inc. (NASDAQ:BLUD) reported an EPS of 32 cents for the third quarter of fiscal 2011 (ending in February 2011), surpassing the Zacks Consensus Estimate of 27 cents and 14.3% higher than the year-ago quarter's earning. Revenues were $83.3 million, ahead of both the Zacks Consensus Estimate and year-ago sales by 4%. Currency fluctuations had a negative impact of $0.40 million during the quarter.
Gross profit was up 5.9% to $59.0 million compared with $55.7 million in the year-ago period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Traffic Win For Raytheon

Posted: 07 Apr 2011 03:05 PM PDT

Raytheon Company (NYSE:RTN) has been awarded a $177 million contract modification by the Federal Aviation Administration (FAA) to continue deployment of the Standard Terminal Automation Replacement System, or STARS, under the FAA’s terminal automation, modernization and replacement program.
STARS is jointly managed by the FAA and Department of Defense. It is a highly reliable air traffic automation system designed to replace capacity-constrained terminal area air traffic control facilities within … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SurModics Remains Neutral

Posted: 07 Apr 2011 03:05 PM PDT

We are maintaining our Neutral recommendation on SurModics Inc. (NASDAQ:SRDX) with a target price of $13.00.
SurModics, headquartered in Eden Prairie, Minnesota, provides surface modification and drug delivery technologies to the healthcare industry. The company, which has been delivering below-par performances over the past few quarters, has taken a number of measures to emerge from the phase of underperformance.
With a view to reducing its cost structure and utilizing its resources in a better … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: COST, BBBY, STZ

Posted: 07 Apr 2011 02:45 PM PDT

04/07/11 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

Myriad-BioMarin In Testing Deal

Posted: 07 Apr 2011 02:38 PM PDT

Myriad Genetics (NASDAQ:MYGN) has entered into an agreement with BioMarin Pharmaceuticals (NASDAQ:BMRN) to conduct BRCA1 and BRCA2 mutation testing on patients to be enrolled in the latter's phase I/II clinical study of BMN 673. BMN 673 is a PARP-inhibitor drug candidate for treatment of genetically defined cancers.
Bracanalysisis Myriad's flagship product, contributing 89% of total revenue. This test provides a comprehensive analysis of BRCA1 and BRCA2 genes for assessing woman’s risk of hereditary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Homes Crumble As Mortgage Rates Rise

Posted: 07 Apr 2011 02:38 PM PDT

The rising mortgage rates in the U.S. have pulled down the total mortgage applications in the country, thereby discouraging homebuyers. The 30-year fixed mortgage rate increased slightly to 4.93% from 4.92% in the last week, leading to a 2% drop in mortgage application on a seasonally adjusted basis.
The overall economic recovery has undoubtedly improved market conditions, making houses more affordable to consumers. But surprisingly this has not accelerated the housing activity much as a result … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NY Times Remains Static

Posted: 07 Apr 2011 02:38 PM PDT

We are reiterating our long-term Neutral recommendation on The New York Times Company (NYSE:NYT), a diversified media conglomerate, with a price target of $10.00.
The publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other daily newspapers, is effectively managing its costs, which helped it post better-than-expected fourth-quarter 2010 results. The quarterly earnings of 46 cents a share beat the Zacks Consensus Estimate of 34 cents, and rose 4.5% from 44 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish On Tesoro’s Future

Posted: 07 Apr 2011 02:37 PM PDT

Shares of Tesoro Corporation (NYSE:TSO) hit a 52-week high of $28.74 on Wednesday, April 6. The independent refiner has seen its share price climb more than 100% since the end of September last year, as investors have been buying the stock for its attractive fundamentals and positive outlook.
The turnaround in fuel prices amid recent optimism about economic recovery has added to this bullish sentiment.
Tesoro, which competes in the 'Oil Refining and Marketing' industry with firms like Valero … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA Acquires Base Technology

Posted: 07 Apr 2011 02:37 PM PDT

A leading information technology (IT) management software company, CA Inc. (NASDAQ:CA) recently announced that it has acquired a public sector IT consulting firm, Base Technologies. This acquisition is expected to enhance its consulting expertise in virtualization, mainframe and cloud-computing offerings for government agencies and health care providers.
CA did not disclose the financial details of the deal but expects this acquisition to be accretive in the software and IT services market. CA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Prius Sales Touch 1 Million In The US

Posted: 07 Apr 2011 09:30 AM PDT

04/07/11 After 11 years on the market, the Toyota Motor Co. announced that it has officially sold more than 1 million Prius vehicles in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish Stocks To Watch Friday

Posted: 07 Apr 2011 02:22 PM PDT

 ( click to enlarge )

Rare Element Res Ltd (REE) looks strong enough to move forward. As expected, the stock broke up through the resistance at $13.85 on huge volume of over 1.202 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today.  Next resistance levels to watch are $15.95 and $17.92. The stock has the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Telus To Launch 4G

Posted: 07 Apr 2011 02:05 PM PDT

The second-largest Canadian telecommunication company Telus Corporation (NYSE:TU) plans to launch the fourth generation (4G) Long-Term Evolution (LTE) technology in early 2012 following the advancements in its 3G wireless network. It will provide higher Internet speeds relative to its 3G network.
Telus had upgraded its existing CDMA-based wireless network to the 3G high speed packet access plus (HSPA+) technology in late 2009 that offers downlink speeds of up to 21 (Mbps). HSPA+ wireless network … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Alliance-Niagara Merger Nears

Posted: 07 Apr 2011 02:05 PM PDT

According to a regulatory filing on Wednesday, the merger of New Alliance Bancshares Inc. (NYSE:NAL) and First Niagara Financial Group Inc. (NASDAQ:FNFG) is slated to close by April 15. Following the merger, all the NAL branches would re-open under the name of FNFG from April 18.
In August 2010, NAL had announced that it would be acquired by FNFG. The stock and cash deal was valued at $1.5 billion, making it the largest unassisted deal in the U.S. Banking sector since the financial crisis in mid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Additional Voices 4-7-11

Posted: 07 Apr 2011 02:05 PM PDT

In a continuing effort to provide words of wisdom from beyond the walls of Zacks, here are a few things that I think people should find interesting. The views expressed in the articles are not always shared by either myself or Zacks, but I do find them thought-provoking.

James Hamilton, an Economics Professor at University or California, San Diego makes the case here for using Natural Gas as a transportation fuel. I fully agree as it would lower both our trade deficit and our carbon … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 07 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was lower 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 1.4309, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4349, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mindray To Exhibit At The CMEF

Posted: 07 Apr 2011 01:40 PM PDT

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) has announced that it will feature its products at the China International Medical Equipment Fair (“CMEF”), slated to be held in Shenzhen from April 16 to April 19, 2011. CMEF is the largest exhibition of medical equipment in the Asia-Pacific region.
Mindray plans to showcase more than 70 devices from its three major product segments at the CMEF. Key new products to be featured include the V series patient … [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: 07 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 85.03, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apogee Reports Loss In FY11

Posted: 07 Apr 2011 01:35 PM PDT

Apogee Enterprises Inc. (NASDAQ:APOG) reported its fourth quarter and full year results delivering a net loss of 16 cents per share versus earnings of 2 cents per share in the year-ago quarter, falling behind the Zacks Consensus Estimate by 9 cents. 
Net sales as reported by the company were flat at $148 million compared with the prior-year quarter, beating the Zacks Consensus Estimate by $145 million.
For the full year the company reported a loss of 37 cents per share compared with earnings of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deckers To Outperform

Posted: 07 Apr 2011 01:35 PM PDT

The strong demand for the UGG brand product line, product introductions, and in-demand inventory have helped Deckers Outdoor Corporation (NASDAQ:DECK) to achieve robust growth.
The company delivered better-than-expected fourth-quarter 2010 results. The quarterly earnings of $2.27 per share outstripped the Zacks Consensus Estimate of $1.99, and rose 30.5% from $1.74 earned in the prior-year quarter. Riding on the back of robust results, Deckers remains optimistic about posting strong sales growth and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Microsoft Ties Toyota To NextGen

Posted: 07 Apr 2011 01:35 PM PDT

Toyota Motor Corp. (NYSE:TM) struck a deal with Microsoft Corp. (NASDAQ:MSFT), in which the latter will help building the automaker's next generation in-car technology. The partnership deal will enable Toyota to deploy its telematics system, powered by Microsoft's Windows Azure and ultimately establish a global cloud platform within three years.
As a part of the deal, the two companies will jointly invest $12 million in Toyota Media Services Co., a subsidiary of Toyota that provides digital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 07 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4303, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4349, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8764 and EUR/JPY falling 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, April 7, 2011

Posted: 07 Apr 2011 01:23 PM PDT

(NYSE:A) positive start for the stock market today fizzled as another earthquake occurred in Japan.  Stocks sold off sharply erasing early gains and traded the rest of the session down.  However, the major indexes did come off their session lows finishing down slightly.  Investor participation did increase in today’s session somewhat and market breadth was mainly negative.  We are keeping the support/resistance levels on the DJIA the same (see below).  For … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.14%

Posted: 07 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 fell 0.14%, the S&P 500 index shed 0.15%, while the Nasdaq 100 index climbed 0.02%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 382.00K last week from 392.00K 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

Analyst Interviews: Retail Industry Outlook

Posted: 07 Apr 2011 01:05 PM PDT

Insight from Fiscal 2010

Fiscal 2010 was a year of hard work, involving the continuous streamlining of internal processes. To that end, retailers concentrated on aligning inventories with sales, improving operating efficiencies and spending on technology. These focused efforts helped retailers enter fiscal 2011 with a more optimistic outlook.

Foresight for Fiscal 2011

While challenges no doubt still abound, retailers appear to be in a good position to take advantage of a much improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: Retail Industry Outlook

Posted: 07 Apr 2011 01:05 PM PDT

Insight from Fiscal 2010

Fiscal 2010 was a year of hard work, involving the continuous streamlining of internal processes. To that end, retailers concentrated on aligning inventories with sales, improving operating efficiencies and spending on technology. These focused efforts helped retailers enter fiscal 2011 with a more optimistic outlook.

Foresight for Fiscal 2011

While challenges no doubt still abound, retailers appear to be in a good position to take advantage of a much improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

El Paso Corp. Stands At Neutral

Posted: 07 Apr 2011 01:05 PM PDT

We reiterate our Neutral recommendation on El Paso Corporation (NYSE:EP) given the company's high-grade Exploration & Production assets and large inventory of pipeline projects, which offer significant value in the long run. However, the delays and cost overruns at the Ruby pipeline project have hindered the company's near-term outlook.
Houston, Texas-based El Paso Corp. is a major player in both the natural gas transmission (Pipelines business) and exploration & production (E&P) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPP Takes Stake In Vice Holdings

Posted: 07 Apr 2011 01:05 PM PDT

Advertising titan WPP plc. (NASDAQ:WPPGY) recently announced that it has acquired a minority holding in a leading youth media brand, Vice Holdings Inc.
With operations in over 30 countries, Vice Media runs a magazine and book publishing division, a music division, VBS.TV, Viceland.com, Virtue Worldwide, AdVice and a series of digital channels built around online content verticals.
Vice Media, founded in 1994, is based in Montreal, Canada. Its gross assets were approximately $34.3 million, exiting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Broadridge Broadens Portfolio

Posted: 07 Apr 2011 01:05 PM PDT

Broadridge Financial Solutions Inc. (NYSE:BR) recently completed the acquisition of all the intellectual property (IP) rights of a financial service processing solution of Mitsui Knowledge Industry Co Ltd. ("MKI"). Financial details of the transaction were not disclosed.
Headquartered in Tokyo, Mitsui Knowledge offers various services related to information technology network integration in Japan. Under the software purchase agreement, Broadridge obtained the IP rights of MKI's B-Fund … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 07 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6322, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6363, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8766 and GBP/JPY falling 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avalonbay & UDR In Property-Swap

Posted: 07 Apr 2011 12:35 PM PDT

Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), has recently exchanged a portfolio of three apartment communities and a small land parcel for six apartment communities of UDR Inc. (NYSE:UDR) and $26 million in cash.
The transaction was structured as a Like Kind 1031 Exchange, whereby the property owner could defer the tax gained from the subsequent sale of the asset. 
The Avalonbay properties, currently valued at $263 million, included two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

InterContinental JV In India

Posted: 07 Apr 2011 12:10 PM PDT

Denham, United Kingdom-based InterContinental Hotels Group (NYSE:IHG) intends to expand its footprint in India by forming a joint venture with Duet India Hotels Group.
InterContinental plans to invest around $30 million in the joint venture, in which it would have a 24% equity stake, to build 19 hotels of its Holiday Inn Express brand in the Indian market in the next five years. The new hotels will add 3,300 rooms to the companies existing pipeline of 10,000 rooms in India. The first hotel under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 07 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 0.9588, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, Wednesday&rsquo;s low, and resistance at 0.9693, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.23% to hit 1.4299 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Inventories On Upward March

Posted: 07 Apr 2011 12:05 PM PDT

The U.S. Energy Department’s weekly inventory release showed a continued build-up in crude stockpiles. The agency's report further revealed that distillate stocks were added to their supplies, while gasoline inventories declined for the seventh-straight week though the fall was lower-than-projected. Meanwhile, refinery run-rates improved from the previous week.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Tops EPS, Lags Rev

Posted: 07 Apr 2011 12:05 PM PDT

Leading wine distributor Constellation Brands Inc (NYSE:STZ) delivered an adjusted EPS of 35 cents in its fourth quarter ended February 28, 2011, outperforming the Zacks Consensus Estimate of 26 cents and  improving 30% from 27 cents in the prior-year quarter.
Both the reported and prior-year quarter's EPS excluded special items like inventory step-up costs, net gains/losses from its strategic business realignment initiatives and other items. Netting these items, the company reported EPS of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liquor Group To Launch Deo’s New Brand

Posted: 07 Apr 2011 12:05 PM PDT

Diageo Plc. (DEO) acquired Turkey's biggest spirit company Mey Icki Sanayi ve Ticaret for $2.11 billion cash. Liquor Group Wholesale will distribute the products of the newly formed Diageo Mey Icki portfolio with the help of its privately held state level distribution network for the initial two years.
Londonbased Diageo acquired the Turkish distillery and their entire portfolio of products from the U.S. based private equity firms TPG Capital and Acterar. Existing cash resources and debt will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brighter Horizon For XenoPort

Posted: 07 Apr 2011 12:05 PM PDT

XenoPort, Inc. (NASDAQ:XNPT) recently received a major boost with the US Food and Drug Administration (FDA) approving its restless leg syndrome (RLS) product, Horizant (gabapentin enacarbil). Horizant, which has been developed in collaboration with GlaxoSmithKline (NYSE:GSK), has been approved for the treatment of moderate-to-severe primary RLS in adults. The product is not recommended for use in patients who are required to sleep during the daytime and remain awake at night.
The product label mentions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AngioDynamics Unveils New Catheter

Posted: 07 Apr 2011 12:05 PM PDT

Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) has unveiled its new DuraMax stepped-tip chronic dialysis catheter in the U.S. The Queensbury, New York-based company has also launched the DuraMaxVP (VascPak) component kit designed for outpatient vascular access centers. 
AngioDynamics has begun shipping the DuraMax catheter, which leverages its proprietary Curved Tip catheter technology. The next generation catheter has been geared to facilitate easier insertion, higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 07 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was lower 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 1.4291, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4349, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Looking Ahead To Tomorrow’s Global Session – Friday, April 8th

Posted: 07 Apr 2011 11:43 AM PDT

Cross Market Check from Tuesday's Session:
Equities – Global equities were positive for the most part, until a powerful 7.1-magnitude aftershock hit Japan. That caused European indexes to turn negative, and propelled a move lower in the Dow Jones index as well as the S&P 500. The damage from the quake seemed minimal, but it did give markets a scare. Japanese futures of the Nikkei and Japanese ETF's recovered a sizable chunk of their initial losses as more details … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Gold Hitting New Highs On Exploration In Nevada And Mexico

Posted: 07 Apr 2011 11:42 AM PDT

(This is an excerpt of what I sent out a few weeks ago to my premium readers.  To get the premium daily reports for free click here.)
Many years ago as I was learning to trade junior resource stocks, a grizzled old gold miner – the owner of a small publicly listed company — asked me: "Do you know what a gold mine is?" I suspected he was leading up to the punchline, "A gold mine is a hole in the ground with a liar looking into it." As a novitiate in that perilous arena, I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What’s Next For ECB And The Euro Following Trichet’s Comments?

Posted: 07 Apr 2011 06:08 AM PDT

EC B Takes the First Step in its Exit Strategy
The ECB today began its exit from its loose monetary policy by raising interest rates for the first time since 2008, hiking rates by a quarter point (25 basis points) to 1.25%.
We had previewed the different scenarios for the ECB rate decision and a 25 basis point increase was the most likely scenario.
Inflation control is the ECB's sole mandate and this move was in line with anchoring inflation expectations and following through with comments … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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