Wednesday, April 13, 2011

DailyMarkets.com - Is Visa Black Card Better Than American Express Platinum?

DailyMarkets.com - Is Visa Black Card Better Than American Express Platinum?

Is Visa Black Card Better Than American Express Platinum?

Posted: 13 Apr 2011 07:34 AM PDT

Have you received a mail-in offer for the Visa Black Card and are wondering if it lives up to the hype of being “the world’s most prestigious card”? At first, I mistakenly presumed that this Visa Black is a ‘black card’ from Visa (NYSE:V), but in reality, Visa doesn’t have a ‘black’ tier in addition to its Visa Signature or Platinum. ‘Black Card’ is just a name trademarked by Barclays Bank (NYSE:BCS), and is marketed as a credit card for Americans with excellent credit who want to enjoy the benefits … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Gains After U.S. Retail Sales Report

Posted: 13 Apr 2011 07:15 AM PDT

Forex Pros – The euro erased gains against the U.S. dollar on Wednesday, following a report showing that U.S. retail sales rose modestly in March, as rising gasoline prices compensated for a steep decline in automobile sales.<br /><br />EUR/USD retreated from 1.4520, a 15-month high, to hit 1.4467 during U.S. morning trade, dipping 0.06%.<br /><br />The pair was likely to find support at 1.4376, Tuesday&rsquo;s low and short-term resistance at 1.4520, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Silver Bullish Targets And Support Pivots

Posted: 13 Apr 2011 07:07 AM PDT

Gold and Silver Pullbacks Hint at Further Correction (4/12)
Gold (XAU/USD)
Short to Medium Term
- Gold is in consolidation, but is threatening to continue the bullish trend. In the 1H chart, the market is seen in a 78.6% retracement of the latest swing. It is also testing a declining resistance, while the RSI tests 60, threatening to invalidate the bearish momentum.
- The bullish scenario re-opens with a break above 1467.20, 4/12 high.
- The daily chart shows the upside projection. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JPMorgan Sets Upbeat Banking Trend

Posted: 13 Apr 2011 07:05 AM PDT

JPMorgan Chase & Company's (NYSE:JPM) first quarter earnings came in at $1.25 per share, substantially ahead of the Zacks Consensus Estimate of $1.16. Results also ascended from earnings of 74 cents in the prior-year quarter.
Earnings for the reported quarter leave out certain significant nonrecurring items, such as 29 cents per share benefit from reduced credit card loan loss reserves, loss of 16 cents from mortgage servicing rights asset adjustment and estimated 10 cents per share cost … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another New Deal Values ACCP’s Drug Delivery Technology

Posted: 13 Apr 2011 07:05 AM PDT

Grant Zeng, CFA
Another new deal values ACCP's drug delivery technology

Early this morning (April 13, 2011, Access Pharmaceuticals Inc. (ACCP) announced that it has entered into an agreement with a major global pharmaceutical company to exploit its CobaCyte and CobOral technology for the targeted delivery of RNAi therapeutics.  

Access will provide the pharmaceutical company with CobOral and CobaCyte siRNA formulations for evaluation of gene knockdown following oral and intravenous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPL Raises Funds For UK Asset

Posted: 13 Apr 2011 07:05 AM PDT

PPL Corporation (NYSE:PPL) has announced public offerings of common stock and equity units to pay for its recently acquired Central Networks electricity distribution businesses in the United Kingdom. The offerings are being made under an effective shelf registration statement on file with the Securities and Exchange Commission.
In the first part of the offering, PPL Corp. said it will sell 80 million shares of its common stock to the public priced at $25.30 per share. Under the shares offering, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Everest Re Forecasts Cat Losses

Posted: 13 Apr 2011 07:05 AM PDT

Everest Re Group, Ltd. (NYSE:RE) guided preliminary losses from earthquake and tsunami in Japan at $320 million, pre-tax and net of reinstatement premiums and taxes.
The company has forecast total industry losses of roughly $25 billion resulting from the Japanese earthquake and tsunami.
ACE Ltd. (ACE) which competes with Everest Re, estimated net after-tax losses from the Japanese earthquake to range between $200 million and $250 million. Another peer, XL Group (NYSE:XL) guided preliminary losses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURGBP Makes New Highs But….

Posted: 13 Apr 2011 07:01 AM PDT

The headlines on the newswires say the EURGBP is at 6 month highs, but the new high today did not solicit a rush to buy. The high yesterday was 0.8914. The high today came in at 08921 and the market pushed that level on three separate occassions only to have sellers keep it contained (see chart above).  Now, the downside is not all that impressive either with the low for the day at the 0.8891 level.  So the bulls and bears are fighting it out - or perhaps just in their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Trims Losses After U.S. Retail Sales Data

Posted: 13 Apr 2011 06:39 AM PDT

Forex Pros – The Canadian dollar trimmed gains against its U.S. counterpart on Wednesday, after a government report showing some measures of U.S. retail sales improved more-than-expected in March.<br /><br />USD/CAD eased off 0.9584, the daily low to hit 0.9607 during early U.S. trade, still down 0.21% on the day.<br /><br />The pair was likely to find support at 0.9552, Tuesday&rsquo;s low and resistance at 0.9656, Tuesday&rsquo;s high and a one-week … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Maxwell Eggs On Production

Posted: 13 Apr 2011 06:36 AM PDT

Maxwell Technologies, Inc. (NASDAQ:MXWL) announced that its production capacity for ultracapacitor electrode, cells and modules has more than doubled versus 2010. Since the set up of the initial high-volume production, the company has produced more than 15.0 million cells of all types.
Ultracapacitor sales have increased by more than 50.0% in each of the past two years. In order to satisfy rapidly increasing demand for its BOOSTCAP ultracapacitor products, Maxwell plans to expand by adding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Abercrombie & Fitch Company, Citigroup, Fastenal Company, Healthcare Services Group, Safe Bulkers, Inc, Skilled Healthcare Group, WMS Industries

Posted: 13 Apr 2011 06:36 AM PDT

 According to a report, Citigroup (NYSE:C) plans to sell 12 million shares of Primerica, Inc.’s (PRI) common stock. The bank will receive all of the proceeds from the offering

 Fastenal (NASDAQ:FAST) reported Q1 EPS of $0.54, ahead of the Zacks Consensus Estimate of $0.52 per share. Revenues for the quarter rose 23% year-over-year to $640.6 million, above the Zacks Consensus Estimate of $626.0 million

 Healthcare Services Group (NASDAQ:HCSG) reported Q1 EPS of $0.12, lower than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PX Increases Capacity In Argentina

Posted: 13 Apr 2011 06:36 AM PDT

Praxair Inc. (NYSE:PX) recently announced plans to increase its production capacity in Argentina to meet the escalating demand for industrial gases in the region.
The company via its subsidiary, Praxair Argentina, will build a new plant to supply oxygen, nitrogen and argon. The plant will be constructed involving state-of-the-art technology and will have approximately 400 tons per day of production capacity. The plant is expected to commence production in 2013.
Praxair is one of the leading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Has Ceiling In Place. Trendline On The Bottom

Posted: 13 Apr 2011 06:32 AM PDT

I am focused on the hourly chart for clues today. The price is contained by a ceiling above at the 1.4519 level and on the downside by a trendline at the 1.4475 level. There is "talk" that the 1.4500 level is a key option expiration level today, that those involved are trying to defend. The options expire at 10 AM ET which "may" open the range. 
Speaking of the range for the day, the low is 1.4454. The high is 1.4519. The 65 pips range is once again (Monday was narrow as well) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 13 Apr 2011 06:19 AM PDT

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

Japanese Yen: Caution

Posted: 13 Apr 2011 06:19 AM PDT

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

British Pound: Under Pressure

Posted: 13 Apr 2011 06:19 AM PDT

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

Euro: Capped By A Negative Trend Line

Posted: 13 Apr 2011 06:19 AM PDT

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

Forex Trading: GBPUSD Stays Contained. Watch 200 Hour MA For Clues

Posted: 13 Apr 2011 06:14 AM PDT

The GBPUSD remains in a narrow trading range.  Over the last 4 or so hours the price has had a low of 1.6256 to 1.6296 (40 pips).  The bottom has been supported by the 200 hour MA. The price dipped below this level in the London sesssion but quickly rejected that break. 
On the topside the price moved below the 100 hour MA and trendline support yesterday (blue line in the chart above), tested it during the NY session yesterday, and moved back lower. The price had been more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Round-up (04/13/11): US Core Retail Sales Strong, UK Claimant Count Mixed, EUR Industrial Production Misses

Posted: 13 Apr 2011 06:07 AM PDT

US Retail Sales Miss Headline Figure, But Sales Excluding Autos Show Strength
US retail sales showed a 9th straight month of gains, but the 0.4% rise in March, was slightly softer than expected, pulled down by a 1.7% decline in the sale of motor vehicle & parts. That brought down the headline figure, while the core figure – which excludes autos – rose 0.8% on the month, a figure that beat expectations.
Furniture & home furnishings sales were strong at 3.6% (biggest gain in 6 years), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunny Side Up At SunPower, Backs DOE

Posted: 13 Apr 2011 06:07 AM PDT

SunPower Corporation (SPWRA) announced that it received a conditional loan guarantee of $1.187 billion from the U.S. Department of Energy (DOE) for its 250 Megawatt (MW) California Valley Solar Ranch power plant. Once completed this photovoltaic (PV) solar power plant will be one of the largest in the world.
The work on this project is expected to start in the second half of 2011. The solar plant is partially expected to begin operations by the end of 2011 with the balance coming on line in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perrigo Resolves Issues With FDA

Posted: 13 Apr 2011 06:06 AM PDT

Perrigo Company (NASDAQ:PRGO) recently announced the resolution of manufacturing issues at its Allegan, Michigan facility with the US Food and Drug Administration (FDA) following conclusion of re-inspection of the facility by the agency. The FDA commenced a re-inspection of the facility in early March 2011.
The FDA concluded that the Allegan facility now meets the regulatory standards, thus removing a major overhang on Perrigo. Perrigo can now look for approval of any export license or generic drug … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD – Upside Break To Ascending Triangle Targets 1.4575

Posted: 13 Apr 2011 06:04 AM PDT

EUR/USD's Flag-Pattern-Breakout Target is Near 1.4575 (4/12)
EUR/USD

Short-Term to Medium Term- The EUR/USD broke above a flag pattern yesterday. The near-term swing projection after a confirmation is 1.4575.
- We are getting somewhat of a confirmation now, as the market retested the broken flag pattern and found support. There is rising support, but a flat resistance at 1.4520 creating an ascending triangle.
- An ascending triangle has a slight bullish bias, which is even stronger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Before The Bell

Posted: 13 Apr 2011 06:00 AM PDT

04/13/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Supported Today In Consolidating Range

Posted: 13 Apr 2011 05:56 AM PDT

The AUDUSD is trading near the highs of the day after finding support against the 200 hour MA in the Far East session . The top has two key levels that traders are using to lean against. The 100 hour MA (blue line in the chart above) comes in at the 1.0497 level. Not far from that is a "Remembered Price" at the 1.0507 area (high from April 7th.  High are from April 12th. High from earlier today).  A move above or below the key areas should solicit additional momentum.
If you were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Rise On JP Morgan Earnings; Dow Futures Up 0.6%

Posted: 13 Apr 2011 05:41 AM PDT

Forex Pros – U.S. stock futures pointed to a broadly higher open on Wednesday, as market sentiment was boosted by better-than-expected earnings from banking giant JP Morgan-Chase. <br /><br />Dow Jones Industrial Average futures pointed a gain of 0.6%, the S&amp;P 500 futures climbed 0.8%, while Nasdaq 100 futures indicated an increase of 0.88%. <br /><br />Shares in the second-largest U.S. lender JP Morgan-Chase jumped 2.5% in pre-market trade after it said first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis’ Tasigna Stopped For GIST

Posted: 13 Apr 2011 05:35 AM PDT

Novartis (NYSE:NVS) faced a pipeline setback recently as it announced discontinuation of a late-stage study (ENESTg1) of its drug Tasigna on the recommendation of an independent data monitoring committee. The study evaluated Tasigna versus Glivec as a first-line treatment for unresectableor metastatic GIST (gastrointestinal stromal tumor), a form of stomach cancer.
Both Tasigna and Glivec are currently marketed by Novartis. Tasigna is marketed for the treatment of first and second line chronic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Retail Sales Rise Less-than-expected In March

Posted: 13 Apr 2011 05:34 AM PDT

Forex Pros – Retail sales in the U.S. rose less-than-expected in March, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.4% in March, after rising by 1.1% in February, whose figure was revised up from 1.0%.<br /><br />Analysts had expected retail sales to increase by 0.5% in March.<br /><br />The report added that core retail sales, which exclude automobile sales, rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Wins DARPA Order

Posted: 13 Apr 2011 05:25 AM PDT

Lockheed Martin Corporation (NYSE:LMT) said it has received a contract from the Defense Advanced Research Projects Agency (DARPA) to provide the Resilient Command and Control (RC2) system for the military. The contract valued at $2.7 million was awarded to Lockheed's Advanced Technology Laboratories.
The command and control (C2) systems are essential for successful military operations. Military commanders depend on a complex network of C2 systems for situational awareness, force coordination and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals As U.S. Retail Data Eyed

Posted: 13 Apr 2011 04:58 AM PDT

Forex Pros – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, as stronger market sentiment dampened demand for the greenback while investors were eyeing a government report on U.S. retail sales due later in the day.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.22% to hit 1.4509.<br /><br />The greenback was also lower against the pound, with GBP/USD climbing 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Surges To Daily High Against Broadly Weaker Yen

Posted: 13 Apr 2011 04:51 AM PDT

Forex Pros – The euro surged to a daily high against the broadly weaker yen on Wednesday, recouping the previous day&rsquo;s losses as risk appetite sharpened, and investors sought currencies promising higher yields.<br /><br />EUR/JPY hit 122.16 during European afternoon trade, the daily high; the pair subsequently consolidated at 122.03, rallying 0.86%.<br /><br />The pair was likely to find support at 120.14, Tuesday&rsquo;s low and one-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Edges Higher After Mixed U.K. Employment Data

Posted: 13 Apr 2011 04:28 AM PDT

Forex Pros – The pound eased off a daily low against the U.S. dollar on Wednesday, following a report showing that the jobless rate in the U.K. fell last month, but the number of people claiming unemployment benefits rose unexpectedly.<br /><br />GBP/USD rebounded from 1.6236, the daily low, to hit 1.6282 during European early afternoon trade, easing up 0.16%.<br /><br />Cable was likely to find support at 1.6226, Tuesday&rsquo;s low and a one-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits Fresh 15-month High As Rate View Supports

Posted: 13 Apr 2011 03:48 AM PDT

Forex Pros – The euro hit a fresh 15-month high against the U.S. dollar on Wednesday, as risk aversion waned and investors sought currencies promising higher yields.<br /><br />EUR/USD hit 1.4520 during European morning trade, the pair&rsquo;s highest since January 14, 2010; the pair subsequently consolidated at 1.4507, rising 0.21%.<br /><br />The pair was likely to find support at 1.4376, Tuesday&rsquo;s low and short-term resistance at 1.4577, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Eyes On The Fundamentals

Posted: 13 Apr 2011 03:47 AM PDT

By ForexMansion.com
 
Broad markets will witness a day full of fundamentals that will grab investors' attention due to the importance of some reports. The US will release the retail sales for March, its crude oil report and Fed's Beige Book.
Meanwhile, Europe released its industrial production for February was below expectations at 0.4%, while UK released its jobless claims ate for March was steady at 4.5% yet offset with the surprise rise in jobless claims by 0.7 thousand and the ILO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Words Matter But Numbers Matter Even More

Posted: 13 Apr 2011 03:30 AM PDT

Do words matter?
Of course they do. If we can not trust what somebody says and means, how can we engage them in an honest, open, forthright manner? We can't. On this note and with the prospects of aggressive debate on raising the federal debt ceiling on the near term horizon, let's review what a United States senator had to say on this topic back in March 2006,

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is "trillion" with a "T." … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Eases Up To Daily High As Risk Aversion Wanes

Posted: 13 Apr 2011 03:01 AM PDT

Forex Pros – The U.S. dollar edged higher against the Swiss franc on Wednesday, rebounding from a one-month low as risk aversion waned, dampening demand for the safe haven franc.<br /><br />USD/CHF hit 0.8992 during European morning trade, the daily high; the pair subsequently consolidated at 0.8984, easing up 0.16%.<br /><br />The pair was likely to find support at 0.8941, Tuesday&rsquo;s low and a one-month low and resistance at 0.9074, Tuesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Hits 6-month High After Mixed U.K. Jobs Data

Posted: 13 Apr 2011 02:23 AM PDT

Forex Pros – The euro rose to a fresh six-month high against the pound on Wednesday, after official data showing that the jobless rate in the U.K. unexpectedly fell in March, but the number of people claiming unemployment benefits rose unexpectedly.<br /><br />EUR/GBP hit 0.8924 during European morning trade, the pair&rsquo;s highest since October 25; the pair subsequently consolidated at 0.8915, easing up 0.11%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Life As We Know It Would Not Exist

Posted: 12 Apr 2011 08:19 AM PDT

Call it the politics of "life as we know it would not exist".  You know, when there is a big crisis in this country, our politicians state that if we don't act now – this very minute – "life as we know it would not exist".  They don't really say this but they clearly intimate such notions.  It is the politics of fear.  If we don't act now, there will be grave consequences and "life as we know it would not exist".

Think Iraqi war with the evil Saddam … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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