Tuesday, April 12, 2011

DailyMarkets.com - No Disguising This Horror Story

DailyMarkets.com - No Disguising This Horror Story

No Disguising This Horror Story

Posted: 12 Apr 2011 05:13 PM PDT

Pastel colors, soft lines, and cartoon imagery can often transform an ugly picture into something more palatable.
But there are exceptions, as with this infographic from BillShrink, “Middle Class Meltdown: Sink Or Swim Time,” which describes an economy that looks like something out of a horror story.

Source: Middle Class Meltdown: Sink Or Swim Time
Wait — do I see Freddy Krueger hiding behind one of those percent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 12 Apr 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4485, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4519, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8904 and EUR/JPY rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Label Expansion For Lap-Band

Posted: 12 Apr 2011 04:35 PM PDT

Allergan Inc. (NYSE:AGN) recently said that the US Food and Drug Administration (FDA) cleared Allergan's Lap-Band System for use in weight reduction of obese adults who have failed conservative weight reduction alternatives and have a Body Mass Index (BMI) of 30-40 with at least one co-morbid condition.
The FDA approved the product's expanded use on the basis of full 12-month data and available 24-month data from a five-year study involving obese patients, who on average had been obese for 17 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon And HAL Ink Drilling Deal

Posted: 12 Apr 2011 04:35 PM PDT

ExxonMobil Iraq Limited, a subsidiary of ExxonMobil Corporation (NYSE:XOM) has contracted US oilfield services company, Halliburton Company (NYSE:HAL) to provide drilling services in its West Qurna (Phase 1) oilfield in southern Iraq. Financial terms of the agreement were not disclosed.
Under the contract, Halliburton will provide an array of construction services for 15 wells in the West Qurna 1 oilfield via three drilling rigs. West Qurna, the largest oilfield in Iraq, is estimated to have up to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Catalysts Bulls May Look For

Posted: 12 Apr 2011 04:18 PM PDT

Cusick’s Corner
Uncertainty — the market is trading with little conviction and is below the 50-Day Moving Average, which means trading below mid-term support and looking a little uncertain. JPM is reporting earnings tomorrow and they could give a potential boost to the lagging Financials. Tech is already getting a boost in the After Hours with Riverbed (NASDAQ:RVBD) reporting good earnings and upside guidance. These are the catalysts that the bulls need to have if there is going to be further … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 12 Apr 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 83.62, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 83.47, today&rsquo;s low, and resistance at 85.48, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.02% to hit 1.4473 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EIX To Construct Wind Farm

Posted: 12 Apr 2011 03:55 PM PDT

Edison International (NYSE:EIX) announced that its subsidiary Edison Mission Energy (EME) along with US Wind Force, LLC, has started the construction of a wind farm. The 23-turbine wind farm christened Pinnacle Wind Farm will be built on Green Mountain near Keyser, West Virginia.
The project is expected to be completed in the latter half of fiscal 2011. The wind farm will generate approximately 55 megawatts of electricity, enough power for over 14,000 households.
The project represents a total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Data On Vivus’ Qnexa Published

Posted: 12 Apr 2011 03:55 PM PDT

Recently, encouraging data were published on Vivus, Inc.'s (NASDAQ:VVUS) weight loss candidate, Qnexa, in the journal, The Lancet. The 56-week late stage study (CONQUER: n=2,487) evaluated the safety and efficacy of Qnexa in overweight/obese patients suffering from high blood pressure, high cholesterol or type II diabetes.
Data from the study, conducted across 93 sites in the US, revealed significant improvements in cardiovascular and metabolic disease risk factors in patients on being treated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Enhances WebSphere

Posted: 12 Apr 2011 03:55 PM PDT

IBM Corp. (NYSE:IBM) launched the latest version of WebSphere Application Server (WAS) at the IMPACT 2011 conference. The new version of WAS is designed to increase the client’s security and control, while delivering automated enhancement for the installation, maintenance, testing and trouble shooting of business applications.
WebSphere was first developed in 1997 and has since been IBM's middleware software. It enables web applications and computer operating systems to operate on the same … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Opnext Cuts Revenue Guidance

Posted: 12 Apr 2011 03:55 PM PDT

Opnext, Inc. (NASDAQ:OPXT) recently released preliminary results for the fourth quarter. The company now expects revenues to come around $95.3 million in the fourth quarter of fiscal 2011, down from the previous guidance of $97.0 million – $102.0 million and the Zacks Consensus Estimate of $100.0 million.
The new guidance implies a sequential decline of 1.8%, but a 24.0% growth year over year. The downgrade in guidance is primarily due to a ten-day interruption in Opnext's module manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Gas Prices To Rise During Summer Driving Season

Posted: 12 Apr 2011 03:55 PM PDT

04/12/11 The average price of gas at the pump is higher than $3.50 a gallon, across the nation. During the summer, gasoline prices are forecast to average $3.86 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes: CHF-Strength Assessment In EUR/CHF, GBP/CHF, USD/CHF, And CHF/JPY

Posted: 12 Apr 2011 03:50 PM PDT

The Swiss Franc is currently the strongest out of the three considered as safe haven currencies, USD, JPY and CHF. In this recent environment of risk aversion, we are seeing a EUR/CHF fail to break an important resistance, GBP/CHF signaling bearish continuation, USD/CHF failing to bottom, and the CHF/JPY surging though it is flattening.
EUR/CHF

- The EUR/CHF did not break the 1.32 resistance as the structure suggested it would last Friday.
- Instead the market is seen breaking below a rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On ANADIGICS

Posted: 12 Apr 2011 03:35 PM PDT

We recently reiterated our Neutral recommendation on ANADIGICS, Inc. (NASDAQ:ANAD). ANADIGICS is positioned in three fast-growing markets: 3G, Wi-Fi and CATV. The continued expanded high demand of wireless connectivity in a growing number of consumer devices, including smart phones, datacards, netbooks, notebooks and tablets, provide substantial opportunities for growth to ANADIGICS.
ANADIGIC currently designs chips for third-generation smartphones for Samsung, LG, Research In Motion Limited … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 12 Apr 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7846, up 0.10% 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 down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.05% to hit 1.3334 and EUR/NZD falling 0.18% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – JP Morgan, Fed’s Beige Book, US Retail Sales, Business Inventories, EIA Oil Inventories

Posted: 12 Apr 2011 10:20 AM PDT

04/12/11 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

Bullish On Magellan Near-Term

Posted: 12 Apr 2011 03:10 PM PDT

Units of Magellan Midstream Partners L.P. (NYSE:MMP) hit a 52-week high of $60.72 on Friday, April 8. The oil pipeline and storage partnership has seen its unit price climb approximately 26% since the end of August 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 bullishness.
Magellan Midstream, which competes in the 'Oil/Gas Production Pipeline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EPA OKs Dow’s Seed Product

Posted: 12 Apr 2011 03:05 PM PDT

Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (NYSE:DOW) announced that it has received the U.S. federal regulatory approval for Refuge Advanced, a corn seed product. The product, which is built on Dow's popular SmartStax technology, has received approval of the Environmental Protection Agency (EPA). The product is designed to fight herbicide and pest resistance.
The Refuge Advanced product is a mix of 95% SmartStax corn seed and 5 percent refuge (non-Bt) seed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Bed Bath & Beyond

Posted: 12 Apr 2011 03:05 PM PDT

Bed Bath & Beyond, Inc. (NASDAQ:BBBY) recently posted its fourth-quarter 2010 results. Results came in stronger on the heels of double-digit growth in sales and higher margins.
Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank.
Quarterly Review

The company's earnings rose 30.2% to $1.12 per share from the year-ago earnings of 86 cents per share, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merck In JV With Sun Pharma

Posted: 12 Apr 2011 03:05 PM PDT

Merck & Co., Inc. (NYSE:MRK) recently announced that it is setting up a joint venture (JV) with Indian multinational pharma company, Sun Pharmaceutical Industries Ltd. The joint venture is for the development, manufacture and commercialization of new combinations and formulations of innovative, branded generics in emerging markets.
While financial details of the transaction were not disclosed, the companies said that Sun Pharma's proprietary platform technologies would be used for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

P&G Raises Dividend

Posted: 12 Apr 2011 03:05 PM PDT

The Procter and Gamble Company (NYSE:PG) raised its quarterly dividend by 9% to 52.5 cents a share from 48.18 cents a share earlier. The hike is applicable on the company's common stock and on the Series A and Series B ESOP convertible Class A Preferred stock. The increased dividend will be paid on or after May 16, 2011 to shareholders on record as on April 29, 2011.
The increase in dividend reflects the company's sound financial position and well-defined future prospects. Signs of recovery in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stocks To Watch On Wednesday

Posted: 12 Apr 2011 02:40 PM PDT

( click to enlarge )

I continue to watch Rare Element Res Ltd (REE). The volume is still large so it could potentially break out again at any moment. Further rally could be seen to retest $17.89 medium-term resistance. As long as the stock stay above $14.96 area, the bullish scenario is still intact. Technical chart shows bullish sign with MACD above the signal line and RSI above its 50% level. Next targets for the stock are $16.10 and $17.10. Only a close below $14.70 reverses the current … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Reverts Back To Symbian

Posted: 12 Apr 2011 02:35 PM PDT

While the world has been waiting for Nokia's Windows Phone 7-based smartphones, Nokia Corporation (NYSE:NOK), the world's largest mobile phone maker, now stuns everyone by launching two new Symbian-based smartphone handsets, E6 and X7.
Both the handsets E6 and X7 will costs around $491.6 and $549.5, respectively. The new handsets are powered by the latest Symbian operating system called "Anna.”
The new updated symbian operating system features new icons, improved text inputs, faster Internet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Macy’s Reports Higher Sales

Posted: 12 Apr 2011 02:35 PM PDT

Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted sales results for the five-week period ended April 2, 2011.
Macy's comparable-store sales for March 2011 rose marginally by 0.9%, following an increase of 5.8% registered in February 2011, and compared with a 10.8% jump witnessed in March 2010. Management had earlier anticipated March sales to be down. Year-to-date comparable-store sales climbed 3%.
Management now forecasts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: XOM, GIL, AA

Posted: 12 Apr 2011 02:30 PM PDT

04/12/11 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

Stock Market Summary For Tuesday, April 12, 2011

Posted: 12 Apr 2011 02:23 PM PDT

Investors began earnings season bidding stock prices lower as the major indexes declined between 0.8% and 1.0% after Alcoa (symbol: AA) beat their EPS forecast but missed the sales forecast. There was probably more to the reason for the declines than just Alcoa.  The long side has become a crowded trade in many equities with probably few buyers remaining to drive stock prices higher at least in the short term.  The action indicated investors were selling stocks and market breadth was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Omnicom Expands In India

Posted: 12 Apr 2011 02:05 PM PDT

Ketchum, the global marketing and corporate communications consultancy arm of Diversified Agency Services (DAS) division, a unit of Omnicom Group Inc. (NYSE:OMC), has acquired a majority stake in India-based Sampark PR. The financial terms of the deal were not disclosed. Management stated that the acquisition will expand Ketchum's footprints in South Asia.
As per the deal, the company's executives — Tom Harrison (Chairman and CEO of DAS), Jon Higgins (Ketchum's senior partner and CEO of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Rite Aid

Posted: 12 Apr 2011 02:05 PM PDT

The third largest retail drugstore in the U.S. based on revenues and number of stores, Rite Aid Corporation (NYSE:RAD), recently posted its fourth-quarter 2011 results.
Street analysts have had nearly a week to ponder the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On April 07, 2011, Rite Aid reported a loss of 24 cents per share for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Haemonetics To Discuss Plans

Posted: 12 Apr 2011 02:05 PM PDT

Haemonetics (NYSE:HAE) will hold its annual investor and analyst day on May 12, 2011 at its corporate headquarters in Braintree, Massachusetts. Other than guidance for fiscal 2012, the company will discuss issues such as the Plasma market scenario, status of IMPACT's sales and an update on the various R&D initiatives.
Haemonetics earns about 82% of its revenues from the sale of disposables – plasma disposables, blood bank disposables and hospital disposables. Of these divisions, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA Builds On Virtualization

Posted: 12 Apr 2011 02:05 PM PDT

Cloud computing major CA Inc. (NASDAQ:CA) is expanding its cloud services with the introduction of CA Service Catalog that combined with CA Virtual Automation and CA Oblicore Guarantee will help the independent functioning of physical, virtual and cloud services in a cost effective way.
The new service Catalog 12.6 is expected to add efficiency to the process of private and hybrid cloud provisioning, service automation, user self-service and financial management, while increasing the security of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 12 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Trade Balance.<br/><br/> EUR/USD was trading at 1.4480, up 0.30% 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/> Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -45.80B last … [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: 12 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 83.55, down 1.24% at time of writing.<br/><br/> The pair was likely to find support at 83.47, today&rsquo;s low, and resistance at 85.48, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.29% to hit 1.4478 and GBP/USD falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Luminex MAGPIX Wins MDEA

Posted: 12 Apr 2011 01:35 PM PDT

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, recently received the prestigious Medical Design Excellence Award ("MDEA") for its MAGPIX analytical instrument. MDEA, organized by the leading business-to-business media company UBM Canon, is a premier awards program which recognizes the achievements of medical devices manufacturers.
MAGPIX was recognized in the "In Vitro Diagnostics" category of the award, through a comprehensive review by a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cutera’s GenesisPlus Laser Cleared

Posted: 12 Apr 2011 01:35 PM PDT

Medical devices maker Cutera Inc (NASDAQ:CUTR) has obtained the 510 (k) clearance from the U.S. Food and Drug Administration ("FDA") for its GenesisPlus laser for treating onychomycosis (nail fungus). The California-based company's shares spiked following the news of the approval.
Onychomycosis, a fungal infection of the toenails or fingernails, afflicts roughly 35 million Americans. The condition represents clinical symptoms such as discoloration/ thickening of the nail and separation of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Franklin’s March AUM Improves

Posted: 12 Apr 2011 01:35 PM PDT

Franklin Resources Inc. (NYSE:BEN) reported preliminary assets under management (AUM) of $703.5 billion by its subsidiaries for the end of March. Results were up 1.4% from $693.7 billion as of February 28, 2011 and 19.9% from $586.8 billion as of March 31, 2010.
At March end, total equity assets were $308.9 billion, up 1.6% sequentially and 17.5% year over year. Of the total equity assets, roughly 73% were from international sources while the remaining 27% were from the U.S.
Total fixed income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 12 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.<br/><br/> EUR/USD was trading at 1.4478, up 0.29% 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/> Earlier in the day, official data showed that The U.S. federal budget balance rose less-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 – Wednesday, April 13th

Posted: 12 Apr 2011 01:10 PM PDT

Cross Market Check from Tuesday's Session:
Equities – Global equities were down today, as Japan's Nuclear and Industrial Safety Agency raised the level of the Fukushima crisis to 7, the highest in the standard global scale, and radiation continues to leak. The news, along with a downgrade of the growth forecast of the IMF of the US and Japan, and underwhelming curtain opener for US earnings in Alcoa, equities were in a risk averse mode. The concern over economic growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.95%

Posted: 12 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.95%, the S&P 500 index shed 0.78%, while the Nasdaq 100 index declined 0.70%.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -45.80B last month from -47.00B in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Semi Equipment Nose-Diving

Posted: 12 Apr 2011 01:05 PM PDT

We have been watching the semi equipment stocks closely over the last few days and it seems as if our fears have been realized. Over the last five days, shares of KLA-Tencor (NASDAQ:KLAC), Novellus Systems (NASDAQ:NVLS) and Lam Research Corporation (NASDAQ:LRCX) lost 5.9%, 5.9% and 3.8%, respectively.
Moreover, the decline was more pronounced after April 7, when Taiwan Semiconductor Manufacturing Company (NYSE:TSM) lowered its outlook on semiconductor unit growth for 2011, citing concerns related to Japan.
We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Interesting Voices

Posted: 12 Apr 2011 01:05 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 to be interesting. The views expressed in the articles are not always shared by either myself or Zacks, but I do find them thought provoking.

Back to Basics

Tim Duy, a Professor of Economics at the University of Oregon, has a nice overview of the debate going on within the Fed over the likelihood of inflation rising substantially. He argues that while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mr. President: Why Medicare Isn’t The Problem, It’s The Solution

Posted: 12 Apr 2011 12:55 PM PDT

I hope when he tells America how he aims to tame future budget deficits the President doesn't accept conventional Wasington wisdom that the biggest problem in the federal budget is Medicare (and its poor cousin Medicaid).
Medicare isn't the problem. It's the solution.
The real problem is the soaring costs of health care that lie beneath Medicare. They're costs all of us are bearing in the form of soaring premiums, co-payments, and deductibles.
Americans spend more on health care … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: Airline Industry Outlook

Posted: 12 Apr 2011 12:55 PM PDT

In a major turnaround, the airline industry recorded $16 billion in profits last year, after losing $16 billion in 2008 and $9.9 billion in 2009. But 2010 was most likely an earnings peak, as a host headwinds have come together to bring down industry profits.

The International Air Transport Association (IATA) expects 2011 profits softening to the level of $8.6 billion from its previous expectation of $9.1 billion. The factors weighing on earnings include the escalating fuel prices, weak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UBS Faces FINRA Fines

Posted: 12 Apr 2011 12:55 PM PDT

UBS AG (NYSE:UBS) has hit the headlines again, this time for a wrong reason. Its wealth management services unit has been fined by the Financial Industry Regulatory Authority (FINRA) for misleading investors about the risks associated with certain notes of Lehman Brothers Holdings it sold.
FINRA has fined UBS AG with $2.5 million and further imposed a $8.25 million payment in restitution for omissions and statements it had made that culminated in investors being misled regarding “principal … [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: 12 Apr 2011 12:45 PM 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 1.6253, down 0.57% 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

Dimebon Disappoints Again

Posted: 12 Apr 2011 12:35 PM PDT

Medivation, Inc. (NASDAQ:MDVN) suffered another development setback recently with its phase III candidate, dimebon, failing to achieve the primary endpoints in a phase III study for Huntington disease.
Dimebon, for which Medivation has a  global collaboration with Pfizer, Inc. (NYSE:PFE), failed to achieve statistical significance in either of its co-primary endpoints. Based on the results, Medivation and Pfizer have decided to discontinue development of dimebon for Huntington disease. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Action On W.R. Berkley

Posted: 12 Apr 2011 12:35 PM PDT

A.M. Best reiterated issuer credit ratings (ICR) and debt ratings of "a-" on senior unsecured notes and "bbb" on trust preferred securities of  W.R. Berkley Corporation (NYSE:WRB). The outlook for all ratings is stable.
A.M. Best's ratings reflect a favorable debt-to-capital ratio for Berkley that stood at 32% as of December 31, 2010, at the higher end of the company's target range of 25%−35%. Though the rating agency expects tough property/casualty operating environment to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target’s Sales Drop

Posted: 12 Apr 2011 12:35 PM PDT

Target Corporation (NYSE:TGT) recently posted sluggish sales for the five-week period ended April 2, 2011 due to a shift in Easter holiday to April 24 this year from April 4 in the previous year.
The company's comparable-store sales dropped 5.5% for March 2011, following an increase of 1.8% in February 2011. The comparable-store sales also remained well below the 10.3% growth rate registered in March 2010. Year-to-date comparable-store sales tumbled 2.4% versus a jump of 6.8% experienced in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Is This A Sell-Off Or Consolidation?

Posted: 12 Apr 2011 12:18 PM PDT

Cusick’s Corner
As I look at the market and its current state, I turn to those offensive sectors as a gauge of strength — XLF, XLE, QQQQ, and XLY. Financials and Energy have been lagging the recent run up and now are challenged. It is notable that all four of these sectors are in the red. So there is no leadership in sectors that actually need to lead if there is going to be further upside. This is a flag that this market is potentially in a correction phase (gauging Bearish Flow — check out … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 12:17 PM PDT

By ForexMansion.com
 
The EUR/USD pair reversed its earlier drop and ascended in attempt to breach 1.4515 as inflation threats intensified in Germany, which leads recovery in the region.
The pair corrected its rise ahead of German inflation data that showed inflation accelerating by the EU Harmonised index by 2.3% from a year earlier, spurring demand for higher yielding assets and damping demand for lower ones on Japan's nuclear crisis.
Traders targeted higher yielding assets and moved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 12:16 PM PDT

By ForexMansion.com
 
The GBP/USD fluctuated heavily on Tuesday after inflation unexpectedly eased in March to an annual 4.0% pace. Still, the decline in inflation did not restrict sterling much from resuming its upside move versus the dollar as price pressures remain high and the fundamentals show ongoing recovery in UK which is actually a better macro status for the economy and for the BoE to raise rates.
Market conditions are mixed and wrapped with uncertainty with the need for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Alcoa Spreads Pessimism Over The Earnings Season, While Oil And Gold Drop Heavily.

Posted: 12 Apr 2011 12:15 PM PDT

By ForexMansion.com
 
Pessimism dominated financial markets on Tuesday, where investors felt pessimistic over the earnings season after Alcoa announced financial results that failed to meet estimates, while oil prices dropped today after Goldman Sachs expected a correction to take place for commodities including oil, which pressured oil prices to drop.
Meanwhile, data from the United States showed that the trade deficit narrowed in February but worse than expected, while import prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 12:14 PM PDT

By ForexMansion.com
 
The USD/CHF continues to trade with high volatility amid the ongoing uncertainty in the market. The swiss franc held its gains versus the dollar as the pair moved south on renewed concerns over the outlook and the Japanese crisis which increased haven demand on the franc.
Swissy was bolstered with safety demand after Japan raised the alarm level at Fukushima plant to match that of Chernobyl disaster added to prevailing woes over the crisis in Japan further. The market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Fundamental Analysis For April 13, 2011

Posted: 12 Apr 2011 12:13 PM PDT

By CommoditiesMansion.com
 
Inflation threats in the world pressured investors to continue on saturating the prices of gold after dropping from record highs of $1,476.30 an ounce. Gold fell early Tuesday trading to a low of $1,453.65 an ounce before returning to trade above the opening levels of 1,462.90 an ounce.
Further appreciation is expected as inflation accelerated in Europe, where Germany CPI index showed that the cost of living increased by 2.3% in March from a year earlier, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Deals With Diabetes Better

Posted: 12 Apr 2011 12:10 PM PDT

Medtronic (NYSE:MDT) has strengthened its diabetes portfolio with the launch of Enlite Sensor in more than 35 countries outside the US. The product is an advanced glucose sensor for continuous glucose monitoring (CGM) and help type I diabetic patients to predict and detect hypoglycemia (low blood sugar).
The Enlite Sensor can be used with MiniMed Paradigm Real-Time system, MiniMed Paradigm Veo system, Guardian Real-Time CGM system, and the iPro2. Medtronic is working with the US Food and Drug … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 12 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.<br/><br/> USD/CAD was trading at 0.9616, up 0.53% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, Friday&rsquo;s low, and resistance at 0.9656, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. federal budget balance rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Fears Production Halt

Posted: 12 Apr 2011 12:05 PM PDT

Ford Motor Co. (NYSE:F) alerted that it may have to suspend or slow down production at its plants in Asia-Pacific due to a shortage in supply of parts following the earthquake and tsunami in Japan on March 11 that killed many people, broke down infrastructure and triggered a nuclear crisis.
Ford operates as many as 13 plants in Asia-Pacific, including 8 assembly plants in Australia, Thailand, Taiwan, Vietnam, India, Philippines and China. The company expects to downsize operations at the plants … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q1 Mall Vacancy Rate Rises In The US

Posted: 12 Apr 2011 12:05 PM PDT

According to a report by property research firm Reis Inc., the U.S. mall vacancy rate surged to 9.1% in first quarter 2011 from 8.7% in the previous quarter, despite a rise in shopping activities with the gradual revival of the economy. The report disclosed that the current mall vacancy rate was the highest ever recorded in the last decade, signifying a decline in demand for retail space. The report further revealed that the present strip mall vacancy rate was relatively flat at 10.9% compared … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HCP Buys HCR Manor Care

Posted: 12 Apr 2011 12:05 PM PDT

HCP, Inc. (HCP), a real estate investment trust (REIT), has acquired 334 skilled nursing facilities of HCR Manor Care for a total purchase price of $6.1 billion in cash. HCR Manor Care will continue to operate the facilities under the long term triple net lease agreement under which the lessee pays all taxes, insurance and maintenance expense on the property.
Based in Toledo, Ohio, HCR Manor Care is a provider of short-term post hospital-rehabilitation, complex medical services and long-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Recalls Its Best In Vietnam

Posted: 12 Apr 2011 12:05 PM PDT

Toyota Motor Corp. (NYSE:TM) announced that it would recall 8,000 units of Innova minivans in Vietnam due to three defects, including a faulty pressure cylinder for rear wheel brakes.
The seven-seater vehicle is the best selling model of Toyota in the country. The automaker has not yet received any complaints related to the problems in the vehicles.
The past string of recalls has tarnished Toyota's reputation, resulting in declining sales and lower vehicle resale value. In 2010, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Red Robin Expands In California

Posted: 12 Apr 2011 12:05 PM PDT

Colorado-based Red Robin Gourmet Burgers Inc. (RRGB), which currently operates 450 restaurants across the United States and Canada, is set to open a new restaurant in Woodland, California on April 25, 2011.  
The company, in order to drive revenue at the new location, intends to implement a guest loyalty program called Red Royalty, focused on retaining guests by providing dining benefits. The company will further use a Limited Time Offer (LTO) strategy supported with television … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: JPMorgan

Posted: 12 Apr 2011 12:05 PM PDT

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its first quarter 2011 results before the market opens on Wednesday, April 13, 2011. The Zacks Consensus Estimate for the quarter is $1.16 per share, representing a growth of about 57% over the year-ago quarter.
Going by past records, it is expected that JPMorgan will again surpass estimates. Improvement in equity markets, reduction in reserves for future losses and superior commercial loan activity are the likely factors to drive the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

German Investor Confidence Takes A Steep Dive

Posted: 12 Apr 2011 11:45 AM PDT

04/12/11 Growing politcal turmoil in oil-rich Middle Eastern nations and Japan’s recent string of earthquakes all contributed to quite the decline in German investor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 12 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on German ZEW Economic Sentiment.<br/><br/> EUR/USD was trading at 1.4489, up 0.37% 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/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to 7.60 last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Federal Budget Balance Rises Less-than-expected

Posted: 12 Apr 2011 11:20 AM PDT

Forex Pros – The U.S. federal budget balance rose less-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, Department of the Treasury said that U.S. federal budget balance rose to a seasonally adjusted -188.20B, from -222.50B in the preceding month.<br/><br/>Analysts had expected U.S. federal budget balance to rise to -157.50B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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