Tuesday, April 12, 2011

DailyMarkets.com - A New Trend In Fracking Emerges: The “Recovery Factor”

DailyMarkets.com - A New Trend In Fracking Emerges: The “Recovery Factor”


A New Trend In Fracking Emerges: The “Recovery Factor”

Posted: 12 Apr 2011 11:55 AM PDT

"Lower costs.  Higher oil and gas recoveries."

That’s how Dan Themig, President of Packers Plus – a privately owned, Calgary-based fracking (completions) company – describes an interesting new development in fracking…

…A development that spells bigger profits for energy producers…

You see, Themig’s new QuickFRAC® product is one great example of a new trend in fracking – one that gets away from the traditional horsepower model and into one a "Recovery Factor" … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chevron Sees Profits Rise

Posted: 12 Apr 2011 11:35 AM PDT

U.S. energy behemoth Chevron Corp. (NYSE:CVX) released its first-quarter 2011 interim update, covering the first 2 months of the quarter. On the whole, the update is moderately bullish, with earnings expected to be higher than the previous quarter.
The company expects results for the Exploration and Production arm to be buoyed by a rise in crude oil prices, partially offset by lower liftings. However, the San Ramon, California-based integrated major cautioned that first quarter refining and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Kilroy Completes Secondary Offering

Posted: 12 Apr 2011 11:35 AM PDT

Kilroy Realty Corp. (NYSE:KRC), a real estate investment trust (REIT), has recently closed its secondary offering of over 6 million shares at $38.25 each. The equity offer included approximately 0.8 million shares sold to the underwriters to cover the over-allotment options.
The company had initially announced an equity offering 4.5 million shares along with an option of an additional 675,000 shares to cover any over-allotments. However, Kilroy was later forced to increase the offer due to strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


MoneyGram Firmly Neutral

Posted: 12 Apr 2011 11:35 AM PDT

We reiterated our recommendation on MoneyGram International Inc. (NYSE:MGI) at Neutral. The company's fourth quarter loss was lesser than the Zacks Consensus Estimate, driven by decreased operating expenses and moderate revenue growth. Higher money transfer transaction volumeswere offset bylowerrevenue per transaction while investment revenues maintained its declining trend.
MoneyGram continues to grow its presence in high-growth potential markets while also improving its position in the weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In U.S. Trade

Posted: 12 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0483, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, today&rsquo;s low, and resistance at 1.0583, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Structure Of GBP/JPY’s Correction Suggests More To Come; Risk Aversion Boosts Yen

Posted: 12 Apr 2011 11:07 AM PDT

Forex Notes: Yen-Strength Assessment in USD/JPY, GBP/JPY, EUR/JPY (4/11 post w/video)
GBP/JPY

Short- There is further risk aversion today despite lower oil prices, as the Japanese Nuclear crisis is elevated to level 7, same as that of Chernobyl.
- The GBP/JPY is declining as expected after breaking below the 138.15 support area seen in the 1H chart.
- The RSI went well below 30 to signal a bearish momentum breakout. The price action also crossed the SMA 200 and break below 61.8% retracement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fastenal Beats Estimates

Posted: 12 Apr 2011 11:05 AM PDT

Fastenal Co. (NASDAQ:FAST) reported a profit of $79.5 million in the first quarter of 2011, up 42% from $56.0 million in the year-ago quarter. This translates into earnings of 54 cents per share, which has surpassed the year-ago earnings of 38 cents per share by 42.1%. Reported earnings also beat the Zacks Consensus Estimate of 51 cents per share.
Net sales for the quarter totaled $640.6 million, up 23% year over year driven by an improvement in sales to the company's manufacturing customers as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


SM Energy Strikes 10-yr Deal

Posted: 12 Apr 2011 11:05 AM PDT

SM Energy Company (NYSE:SM) has struck a 10-year midstream service contract with a wholly owned subsidiary of Energy Transfer Partners (NYSE:ETP), ETC Texas Pipeline, LTD. ("ETC"). Under the deal, ETC will provide gathering, transportation, and processing services from the Eagle Ford shale acreage of SM Energy in South Texas. The company did not disclose any financial terms but stated that the deal is fee based and does not require any upfront capital investment.
ETC intends to build a gathering … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PAA Distributes Mo

Posted: 12 Apr 2011 11:05 AM PDT

Plains All American Pipeline L.P. (NYSE:PAA) continues its practice of rewarding unitholders with incremental cash distributions. The partnership has yet again raised its quarterly cash distribution, payable on all of its outstanding limited partner units, to 97 cents per unit.
The new distribution reflects a 1.3% growth over the quarterly distribution of 95.75 cents per unit paid in February 2011 and an increase of 3.7% from the quarterly distribution of 93.50 cents per unit paid in May 2010. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dell Fosters Health Care Mobility

Posted: 12 Apr 2011 11:05 AM PDT

Dell Inc.'s (NASDAQ:DELL) commitment to developing new technology for the health care vertical is deep-seated. Through technological upgrades in health care services, Dell aims at connecting people/patients with the right technology and processes to support information-driven health care.
The tech giant has recently launched an advanced version of its Mobile Clinical Computing (MCC) solution, which was introduced back in April 2009. MCC makes computing flexible and simplifies access to patient … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Robert Reich: “Patriotic” For Rich To Pay…

Posted: 12 Apr 2011 11:03 AM PDT

Robert Reich: "Patriotic" For Rich To Pay "Fair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 12 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7850, up 0.66% at time of writing.<br/><br/> The pair was likely to find support at 0.7738, Thursday&rsquo;s low, and resistance at 0.7885, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.93% to hit 1.3335 and EUR/NZD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Volume Is Anemic…waiting For Masses To Report Earnings”

Posted: 12 Apr 2011 10:41 AM PDT

04/12/11 Seaport Securities’ Jason Weisberg weighs in on the latest fundamentals, and discusses upcoming expectations for earnings and crude oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Check Point

Posted: 12 Apr 2011 10:35 AM PDT

Check Point Software Technologies (NASDAQ:CHKP) is scheduled to announce its first quarter 2011 results on April 14, 2011, before market opens and we see limited revisions in analyst estimates at this point.
Fourth Quarter Overview
Check Point's fourth quarter revenue increased 17.1% from the year-ago period led by strong Product revenues across all geographical regions. The quarter's revenue had surpassed the company's guided range.
On a GAAP basis, net income per share surged 25.5% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


LongHorn Steakhouse Spreads

Posted: 12 Apr 2011 10:35 AM PDT

LongHorn Steakhouse, operated by Florida-based Darden Restaurants Inc. (NYSE:DRI), recently opened a 5,000 square feet restaurant, in Rochester, New York. The restaurant accommodates 200 guests and is the third LongHorn in the region. It was opened with managing partner, the industry veteran Steve Poletta.
On the same day, Darden also opened its first LongHorn Steakhouse in McAllen, Texas. This 6,300-square foot restaurant will be managed by another industry expert Angel Rodriguez and seat more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Trade Deficit Down Slightly

Posted: 12 Apr 2011 10:35 AM PDT

The Trade Deficit fell in February to $45.76 billion from $46.99 billion in January (revised up from $46.34 billion). The fall in the trade deficit is good news for the economy, but the level is still very dangerous.

For the month is was down 2.6%, and it was in line with the $46.7 billion consensus expectation. On a year-over-year basis, the total trade deficit was up 15.2% from $39.72 billion a year ago.

Goods vs. Services

The trade balance has two major parts: trade in goods and trade in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Verizon Closes Terremark Deal

Posted: 12 Apr 2011 10:35 AM PDT

Verizon Communications (NYSE:VZ) has completed its pending $1.4 billion acquisition of Terremark Worldwide Inc. (NASDAQ:TMRK), an information technology (IT) service company. The acquisition gives the second largest U.S. phone company a 96.6% stake in Terremark. It also makes Verizon a cloud service provider.
The Verizon-Terremark deal was announced back in January through a tender offer. In early April, Verizon concluded its tender offer for $1.1 billion by purchasing 59.8 million Terremark shares for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rwanda Central Bank Holds Rate At 6.00%

Posted: 12 Apr 2011 10:31 AM PDT

The National Bank of Rwanda maintained its key lending rate unchanged at 6.00%. Rwanda saw inflation of 2.56% in February, up from 1.09% in January, driven largely by rising food prices. The Bank increased its inflation forecasts: “Our annual inflation assumption by the end of December, if these trends continue, probably will be in the range of 8 percent,”. While Rwanda’s Ministry of Finance has flagged that the rate of economic growth in 2010 will likely slow this year to 7.0% from 7.5% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Central Bank Of Sri Lanka Raises Reserve Requirements 100bps

Posted: 12 Apr 2011 10:14 AM PDT

The Central Bank of Sri Lanka increased the Statutory Reserve Ratio applicable to all rupee deposit liabilities of commercial banks by 100 basis points to 8% from 7% previously, effective April 29. In reference to the move the Bank said “While the excess liquidity in the domestic money market remains a concern, left unchecked, it could further expand monetary aggregates, leading to higher inflation than originally envisaged,”. The Sri Lankan economy grew 8% in 2010, while inflation was last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Iran Central Bank Slashes Interest Rates

Posted: 12 Apr 2011 10:09 AM PDT

The Central Bank of the Islamic Republic of Iran “has announced the banks’ interests rates, which were about 26 to 28 percent, as 14 to 17 percent,” according to Governor Mahmoud Bahmani. The Bank also decreased the interest rate for long-term savings by 200 basis points to 15.00% from 17.00% previously. The Bank said of the move: “The aim is to help production and industries so that by decreasing the price of finished goods we can control and better manage imports,”. Iran reported official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cautious On China Unicom

Posted: 12 Apr 2011 10:05 AM PDT

China's second largest mobile operator, China Unicom's (NYSE:CHU) prime source of revenue is wireless service. China Unicom focuses on strengthening its position in the domestic 3G wireless market, launching innovative services, and bundling fixed-line and mobile offerings to subscribers that will likely improve its overall revenue and profitability.
3G remains a compelling opportunity and represents the sole driver of the company's long-term growth. China Unicom had made several endeavors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk Aversion Rises, Dollar Takes Another Hit

Posted: 12 Apr 2011 10:00 AM PDT

04/12/11 Risk aversion dominated forex trade this morning with the Japanese yen continuing to rise as the US import price index rose and Japan lifted the severity level of Japan’s nuclear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In U.S. Trade

Posted: 12 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.K. data on CPI.<br/><br/> GBP/USD was trading at 1.6275, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, today&rsquo;s low, and resistance at 1.6427, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Consumer price inflation in the U.K. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bank Of Canada Holds Lending Rate At 1.00%

Posted: 12 Apr 2011 09:57 AM PDT

The Bank of Canada maintained its key lending rate at 1.00% as inflation remained low and the currency high. In respect of the currency the Bank noted “The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices,”. The Bank expects the Canadian economy to grow by 2.9% in 2011 and 2.6% in 2012, and 2.1% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Close Lower; Dax Down 1.42%

Posted: 12 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.42%, London&rsquo;s FTSE 100 shed 1.47%, France&rsquo;s CAC 40 declined 1.54% and the EURO STOXX 50 was down 1.42%.<br/><br/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to 7.60 last month, from 14.10 in the preceding month.<br/><br/> Analysts had expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


UK Real Estate Prices Fall Less Than Expected, Pound Weakness Continues

Posted: 12 Apr 2011 09:40 AM PDT

The RICS England and Wales Housing Market Survey Price Balance for March, which measures the proportion of real estate surveyors reporting a rise in price minus those reporting a fall, reported a change of -23% in March, beating an analyst consensus of -24% and improving from February's change of -26%. The RICS report is one of the major gauges of the British real estate market that the Bank of England uses, along with the Halifax House Price, Nationwide Building Society – All Houses and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Endo Pharma To Take Over AMMD

Posted: 12 Apr 2011 09:35 AM PDT

In a bid to diversify its business and bolster its urology portfolio, Endo Pharmaceuticals Holdings Inc. (NASDAQ:ENDP), a US-based specialty healthcare solutions company which develops branded products and specialty generics, will purchase American Medical Systems (NASDAQ:AMMD), a leading pelvic-health devices provider, for $2.9 billion or $30.00 per share in cash.
The offer price is 34% above the April 8, 2011, closing price of American Medical. The $2.9 billion consideration includes the assumption of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PCG Asks To Delay License Renewal

Posted: 12 Apr 2011 09:35 AM PDT

Pacific Gas and Electric Company (“PG&E”), a subsidiary of PG&E Corporation (NYSE:PCG), has requested Nuclear Regulatory Commission (NRC) to delay the final action on the ongoing license renewal application for the Diablo Canyon Nuclear Power Plant as it plans to speed up the completion of advanced 3-D seismic studies related to the plant. The twin reactors in the nuclear plant have permit to operate till 2024 and 2025, respectively.
The subsidiary is in the process of working even more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Itron To Supply Meters To BC Hydro

Posted: 12 Apr 2011 09:05 AM PDT

Itron Inc. (NASDAQ:ITRI) has been chosen by British Columbia Hydro (BC Hydro) to supply two million new electric meters over the next two years as part of its Smart Metering Program. With this announcement British Columbia has moved a step closer to modernization.
Under the terms of agreement, Itron will provide its OpenWay smart meters, which are run over a multi-application communication network powered by Cisco. Also included in the agreement are associated system software and meter data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lockheed Gets Missile Contract

Posted: 12 Apr 2011 09:05 AM PDT

Lockheed Martin Corporation (NYSE:LMT) announced that the U.S. Missile Defense Agency has awarded it a $43.3 million contract for concept definition and program planning for the Standard Missile-3 Block IIB (SM-3 IIB). The Standard Missile 3 is a ship-based missile system used by the US Navy to intercept aircraft, ships, ballistic and cruise missiles as a part of the Aegis Ballistic Missile Defense System. The missile will provide early intercept capability against intermediate- and long-range … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up At The End Of European Session

Posted: 12 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4453, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4243, Thursday&rsquo;s low, and resistance at 1.4519, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8888 and EUR/JPY falling 0.82% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hospira Pulled Down To Underperform

Posted: 12 Apr 2011 08:35 AM PDT

We have downgraded Hospira Inc. (NYSE:HSP) from Neutral to Underperform following poor fourth quarter results and issuance of lower-than-expected 2011 guidance.
Hospira's fourth quarter 2010 earnings of 77 cents per share were much below the Zacks Consensus Estimate of 93 cents and the year-earlier earnings of 87 cents per share. The lackluster earnings performance was due to Symbiq pump issues, increased backorders in the Specialty Injectable Pharmaceuticals (SIP) segment (resulting in supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BIOLASE Adopting New Sales Model

Posted: 12 Apr 2011 08:35 AM PDT

California-based leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) recently unveiled its plans to expand BIOLASE Europe GmbH, its European sales and support subsidiary in Germany, by adopting a direct and multi-distributor sales model.
Located in Floss, Germany, BIOLASE’s existing fully-owned 16,000 square foot facility is certified to manufacture and service all models of its lasers. The expanded operations will support the rapid growth of dental lasers in emerging markets across Eastern … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk Aversion Reigns As Japanese Nuclear Crisis Upgraded To “7″; AUD Stumbles, CHF Charges

Posted: 12 Apr 2011 08:32 AM PDT

The slide in global equities, hinted at in yesterday's session came into full force today, as Asian, European and US stocks slid amidst concerns about a worsening situation at Japan's Fukushima nuclear plant.
From Bloomberg: The MSCI Asia Pacific Index of regional shares fell 1.4 percent. Japan's Nuclear and Industrial Safety Agency raised the level of the Fukushima crisis to 7, the highest in the standard global scale, an official said today in a televised briefing. "The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CPKF: Maintain Neutral

Posted: 12 Apr 2011 08:16 AM PDT

CPKF: Maintain Neutral

Chesapeake Financial Shares, Inc. (CPKF) reported 2010 fourth quarter net earnings of $1.0 million, down 20% from the $1.3 million reported in the year-ago quarter, while diluted EPS decreased 17% to $0.38 from $0.45, with the better EPS performance reflecting share buybacks. This compares to our fourth quarter estimate of $0.49.

There was a reclassification from the financial statements released in January to the annual report after it was issued in March. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Invesco’s AUM Improves Marginally

Posted: 12 Apr 2011 08:16 AM PDT

Invesco Ltd.(NYSE:IVZ) reported preliminary assets under management (AUM) of $641.9 billion at the end of March 2011, marking a modest increase of 0.1% from $641.1 billion at the end of February 2011. The marginal improvement in AUM was primarily driven by positive returns from financial markets and net long term flows. However, these positives were partially offset by increased foreign currencies volatility against the U.S. dollar that resulted in $0.9 billion decline in AUM.
Invesco's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDA Clears Integra’s Spine Devices

Posted: 12 Apr 2011 08:16 AM PDT

In a major breakthrough, Integra LifeSciences Holdings Corporation's (NASDAQ:IART) three new spinal intervertebral body fusion devices (IBD) have been cleared by the US Food and Drug Administration (FDA). The devices have undergone a soft launch in the market. However, the company is aiming at full commercial release later in 2011. 
These three IBDs, namely Cervical Stand-alone IBD, Vu cPOD Non-Strut IBD and Steerable IBD are the new generation spinal fixation implants that help the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Telus Enters Tentative Agreement

Posted: 12 Apr 2011 08:16 AM PDT

The second largest Canadian telecommunications company, Telus Corporation (NYSE:TU) entered into a tentative agreement with Telecommunications Workers Union (TWU), which represents approximately 12,100 Telus employees countrywide.
After the previous contract expired on November 18, 2010, Telus initiated talks with TWU to work out mutually feasible terms. The TWU will present the tentative agreement to its members and will work toward pursuing them to vote in its favor. 
The TWU is a trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tenet Sues Community Health

Posted: 12 Apr 2011 08:16 AM PDT

In an effort to fend off a hostile takeover by its rival hospital operator Community Health Systems, Inc. (NYSE:CYH), Tenet Healthcare Corporation (NYSE:THC) has filed a lawsuit against Community Health for overbilling its Medicare.
According to the lawsuit by Tenet, Community Health has been artificially enhancing its performance over the years by showing more payments from Medicare. Further, Tenet accused that Community Health has increased its inpatient admissions by admitting thousands of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Transocean Rig Drills Deep

Posted: 12 Apr 2011 08:16 AM PDT

Leading offshore drilling contractor Transocean Ltd. (NYSE:RIG) announced that its rig Dhirubhai Deepwater KG2 has drilled to the deepest water depth of 10,194 feet, offshore India. The ultra-deepwater drillship was jointly owned by Quantum Pacific Group and was operating for India's listed company, Reliance Industries.
The Dhirubhai Deepwater KG2 rig commenced operations, under a five-year drilling contract, about a year ago and capable of functioning in water depths of up to 12,000 feet. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Fluctuates On Mixed Demand Outlooks

Posted: 12 Apr 2011 08:00 AM PDT

04/12/11 Front month crude prices were trading mostly flat on mixed demand concerns regarding rising prices and a growth in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: US Stocks Fall On Oil, Earnings

Posted: 12 Apr 2011 02:50 AM PDT

04/12/11 The major stock averages opened lower. Alcoa reported disappointing Q1 sales and revenue. Japan raised its nuclear crisis level. Energy stocks declined as crude oil fell over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Tuesday, April 12, 2011 Special Alert CCJ

Posted: 12 Apr 2011 07:50 AM PDT

We are going to add intra-day to our watch list an additional position in Cameco Corp. (symbol: CCJ) at the current intra-day price of $27.65. We now have two positions in our watch list for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower After Japan Upgrades Nuclear Crisis Level

Posted: 12 Apr 2011 07:47 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major rivals on Tuesday, after Japan raised its assessment of its nuclear crisis to the same level as the 1986 Chernobyl disaster, boosting the yen and the Swiss franc.<br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD climbing 0.43% to hit 1.4498.<br /><br />Earlier in the day, the ZEW Center for European Economic Research said its German investor-expectations index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Alcoa Kicks Off Earnings Season, Results Not So Strong

Posted: 12 Apr 2011 02:45 AM PDT

04/12/11 Alcoa Inc. took a hit Tuesday morning despite kicking off the earnings season with a 1Q profit as margins and revenue failed to meet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Trims Losses After Weak U.K. Inflation Data

Posted: 12 Apr 2011 07:31 AM PDT

Forex Pros – The pound trimmed losses against the U.S. dollar on Tuesday, easing off a five-day low hit after an unexpected decline in the rate of U.K. consumer price inflation dampened expectations for a near-term rate hike by the Bank of England.<br /><br />GBP/USD retreated from 1.6228, the pair&rsquo;s lowest since April 4, to hit 1.6293 during U.S. morning trade, still down 0.30% on the day.<br /><br />Cable was likely to find support at 1.6090, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sowell: End Transfer Payments To Billionaires

Posted: 12 Apr 2011 07:25 AM PDT

“My plan would start by cutting off all government transfer payments to billionaires. Many, if not most, people are probably unaware that the government is handing out the taxpayers’ money to billionaires. But agricultural subsidies go to a number of billionaires. Very little goes to the ordinary farmer.

Big corporations also get big bucks from the government, not only in agricultural subsidies but also in the name of “green” policies, in the name of “alternative energy” policies, and in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold And Silver Pullbacks Hint At Further Correction

Posted: 12 Apr 2011 07:22 AM PDT

Gold in a Rounded Top to Start the US Session (4/11)
Silver Targets Below 40.85 are 39.75 and 38.75 (4/11)
Gold (XAU/USD)
Short to Medium Term
- Gold is indeed taking a strong correction that could be similar to the March 24-29 decline. The pullback after breaking below 1465 came to crack back above 1465, but failed to sustain. This confirms the topping intent, and a correction to follow.
- The RSI in the 1H chart shows inability to get rid of the bearish momentum, and the 4H RSI shows that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chernobyl, Fukushima Dai-Ichi And The Market

Posted: 12 Apr 2011 07:01 AM PDT

I’m always on the lookout for things to write about and a question from subscribers are always interesting. For example, one wrote this morning and asked the following:
“Japan has now raised their reactor crisis to Level 7, the highest level and equal to the Chernobyl disaster. Is there any chart information from the Chernobyl disaster that might help us?”
I must confess that at first I thought linking a nuclear reactor disaster to the action of the US stock market was unusual but, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FX Headlines: Canadian Dollar Tumbles As BoC Holds Rates, Oil Falls

Posted: 12 Apr 2011 06:31 AM PDT

The Canadian Dollar weakened headed into the late morning hours of the North American session following the Bank of Canada rate decision that suggested rates would remain low as a stronger Loonie has negatively impacted export growth. The Loonie was at a 40-month high against the Greenback ahead of the Bank of Canada decision, which left the key interest rate on hold at 1.00 percent, as it has since September. The Canadian Dollar has gained 3.37 percent against the US Dollar this year, while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning News Notes: 4.12.11

Posted: 12 Apr 2011 06:21 AM PDT

The morning news notes as prepared by TL…Japan, 3 things that are weighing on crude oil, Obama to make major address on Wednesday on deficit,  Friday’s budget pact isn’t set in stone yet, and Alcoa’s earnings.

 ”Morning News Notes: April 12, 2011″

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


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