Wednesday, April 13, 2011

DailyMarkets.com - Risk-Reward Balances Target

DailyMarkets.com - Risk-Reward Balances Target

Risk-Reward Balances Target

Posted: 13 Apr 2011 09:55 AM PDT

Target Corporation's (NYSE:TGT) efficient marketing, multi-channel strategy, product innovation, compelling pricing strategy and new merchandise assortments, should help drive comparable-store sales and operating margins in the long term. We expect the company to gain market share, and believe that more focus on consumable items should boost sales and earnings in a sluggish consumer environment.
Going forward the company will focus more on store renovations and improving store sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa Beats By A Penny

Posted: 13 Apr 2011 09:35 AM PDT

Alcoa Inc. (AA) the largest U.S. aluminum producer has kicked off another earnings season with its first quarter posting an EPS of 28 cents and exceeding the Zacks Consensus Estimate by a penny. This excludes the negative impact of special items or 1 cent per share, including which the EPS is 27 cents per share.
Revenues for the quarter were $5.96 billion and missed the Zacks Consensus Estimate of $6.112 billion. Revenues, however, increased 22% year over year, helped by rising prices for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Retains Capital One’s Ratings

Posted: 13 Apr 2011 09:35 AM PDT

On Monday, Fitch Ratings announced that it has maintained its investment grade ratings on Capital One Financial Corp. (NYSE:COF) and its core operating subsidiaries. The rating agency stated the company's significant earnings growth and improving asset quality as the main reasons for the affirmation.
Fitch reiterated Capital One's long-term issuer default rating (IDR) at "A-" and its short term IDR at "F1". Fitch also confirmed the company's subordinated debt rating at "BBB+". … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Danone Chooses IBM’s Network

Posted: 13 Apr 2011 09:05 AM PDT

Information Technology (IT) giant, International Business Machines Corp. (IBM) was selected by a leading global dairy producer Danone, to build its secure trading network.
IBM will replace Danone's existing network with its Sterling Collaboration Network, a part of IBM's Smarter Commerce portfolio. This is expected to improve Danone's business relationships with its suppliers, business partners and customers.
IBM's network is well known for its speed, reliability, accuracy, visibility … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chipotle Introduces Taste Of Asia

Posted: 13 Apr 2011 09:05 AM PDT

Denver, Colorado-based Chipotle Mexican Grill, Inc (CMG) is scheduled to open its first Asian themed restaurant in Washington, D.C this summer.
The new concept, ShopHouse Southeast Asian Kitchen, is based on the traditional shophouses in Thailand, Malaysia and Vietnam. Shophouses are two or three storied buildings with families living in the upper floors and running restaurants on the ground floor.
Shpohouses will offer typical Southeast Asian cuisine coupled with naturally raised food, for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Hasbro

Posted: 13 Apr 2011 09:05 AM PDT

Hasbro Inc. (NYSE:HAS), one of the largest toy makers in the world is slated to release its first-quarter 2011 results on Thursday, April 14, before the market opens. The current Zacks Consensus Estimate for the first quarter is 17 cents per share, representing a 34.07% year-over-year decline. The Zacks Consensus Sales estimate for the first quarter is $660 million.
With respect to earnings surprises, Hasbro has outperformed the Zacks Consensus Estimate in all the trailing four quarters. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 13 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4475, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4291, Friday&rsquo;s low, and resistance at 1.4520, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8890 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Elliott Wave Count And Harmonic Pattern Analysis For AUD/USD

Posted: 13 Apr 2011 08:50 AM PDT

AUD/USD Anchors onto Another Channel after Confirming Breakout (4/6)
Retracement Target: 1.0350
Continuation Target: 1.0650
AUD/USD

Short-Term- The Aussie against the greenback topped after a fresh record high at 1.0580. Recent risk aversion, along with a consolidation in gold put a damper on the AUD/USD rally.
- The correction had an initial swing to 1.3090 area – this should be wave A of a correction as it has an impulse wave structure.
- The rally from 1.3090 to the current high at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURJPY Wanders Toward Support Against 200 Hour MA

Posted: 13 Apr 2011 08:36 AM PDT

The EURJPY is moving back down to test the 200 hour MA at the 121.17 level. This is the 4th time down here. Yesterday, the price broke but no momentum was found and the price quickly rebounded back higher. A break below this level should solicit selling and should see the price stay below the MA level. The targets will be the most recent lows and if it can get through them the 38.2% at 119.58.  A failure to solicit momentum and a move back higher (above 121.29) and the pair is back within … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tiger Woods PGA Posts Record Sales

Posted: 13 Apr 2011 08:30 AM PDT

Electronic Arts Inc.(NASDAQ:ERTS) recorded the highest first week retail sales figures from its recently launched Tiger Woods PGA TOUR 12: The Master of the Tiger Woods PGA TOUR franchise, in its 14-year history.  
Management estimates that EA sold approximately 225,000 units of Tiger Woods PGA TOUR 12: The Masters during the first week of its release in North America, surpassing the previous record sales set by the same franchise (Tiger Woods PGA 08 released in 2007) by 17%. Additionally, the … [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 08:25 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

Office Contracts With National IPA

Posted: 13 Apr 2011 08:24 AM PDT

The leading provider of office supplies and services, Office Depot Inc. (NYSE:ODP), in a streak to enhance its revenue stream, has recently entered into a five-year office furniture contract with the National Intergovernmental Purchasing Alliance Company (National IPA). According to the deal, Office Depot will provide HON furniture products to government clients across the United States through a contract with DuPage County, Illinois. The deal took effect on April 01, 2011.
As per the agreement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Catalyst Health Prices Offering

Posted: 13 Apr 2011 08:24 AM PDT

Catalyst Health Solutions, Inc. (CHSI) has priced its public offering of 5.5 million shares of common stock at a price of $53.00 per share.
According to the Securities and Exchange Commission, Catalyst Health will sell 4.5 million shares and the remaining 1 million shares will be sold by one of its stockholders, Principal Holding Company, LLC, a subsidiary of Principal Financial Group, Inc. (NYSE:PFG) in an underwritten public offering.
Catalyst Health has allowed the underwriters a 30-day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

URS Gets BP Order

Posted: 13 Apr 2011 08:24 AM PDT

URS Corporation (NYSE:URS) has won a contract from BP Products North America, a group company of  BP Plc (NYSE:BP) to provide construction and maintenance service to the Whiting Refinery in Indiana.
The contract is of a three year duration and carries a maximum potential value of $150 million to URS.
URS continues to see favorable trends in the federal government sector. There is strong funding for O&M programs – which means increased opportunities to support long-term Department of Defense … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Clears Merck’s Cancer Drug

Posted: 13 Apr 2011 08:24 AM PDT

Recently, the US Food and Drug Administration (FDA) cleared Merck & Co., Inc.'s (NYSE:MRK) skin cancer (melanoma) drug, Sylatron (peginterferon alfa-2b). The once-weekly injectable drug has been approved by the US regulatory body for subcutaneous use.
Sylatron has been approved as an additional therapy to treat skin cancer patients (with microscopic or gross nodal involvement) within 84 days of surgery including the removal of lymph nodes. The US agency has cleared Sylatron on the basis of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 13 Apr 2011 08:19 AM PDT

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

Canadian Dollar: The Downside Prevails

Posted: 13 Apr 2011 08:19 AM PDT

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

Crude Rises As Kuwait Halts Crude Exports

Posted: 13 Apr 2011 08:00 AM PDT

04/13/11 Prior to the release of the EIA’s inventory data report, front month crude prices rebounded this session as massive sandstorms has forced Kuwait to halt crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Global Equities Higher, Improved Risk Appetite

Posted: 13 Apr 2011 02:58 AM PDT

04/13/11 US stocks advanced following the earnings report from J.P. Morgan. US retail sales data gained for the ninth straight month, but came in below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Remains Lower Vs. Most Rivals After U.S. Retail Data

Posted: 13 Apr 2011 07:58 AM PDT

Forex Pros – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, after a government report showing that U.S. retail sales rose slightly less-than-expected last month.<br /><br />During early U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.17% to hit 1.4501.<br /><br />The greenback was also lower against the pound, with GBP/USD climbing 0.25% to hit 1.6297.<br /><br />Earlier in the day, official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Update On The Casket Cartel Case And I Nominate The Institute For Justice For The Nobel Peace Prize

Posted: 13 Apr 2011 07:55 AM PDT

Last August, I reported on the monks from Saint Joseph Abbey, who are trying to get Louisiana's casket licensing law overturned with legal help from the Institute for Justice.  Under Louisiana law, it is a crime for anyone but a licensed funeral director to sell "funeral merchandise," which includes caskets.  Here’s an update from yesterday’s Times Picayune:

“Monks at St. Joseph Abbey can sue for the right to sell handcrafted caskets to the public without a license from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reward To Risk Assessment And Position Sizing In A Short-USD/CAD Setup

Posted: 13 Apr 2011 07:54 AM PDT

USD/CAD Double Tops after Pullback and Targets 0.9556, 0.9330-0.9360 (4/5)
USD/CAD

Short Term to Medium Term- The 1H chart shows the market in a correction rally. The market found support at 0.9530, and also formed a support pivot at 0.9583.
- It has rallied above a declining channel resistance and broken above a pivot at 0.9620 (seen in the 4H chart). Price action threatens further correction.
- The 1H chart shows momentum is bullish after the RSI broke above 70. This is a bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains After U.S. Retail Sales Data

Posted: 13 Apr 2011 07:41 AM PDT

Forex Pros – The pound trimmed gains against the U.S. dollar on Wednesday, after government data showed that U.S. retail sales rose modestly in March, as rising gasoline prices compensated for a steep decline in automobile sales.<br /><br />GBP/USD retreated from an intra-day high of 1.6284 to hit 1.6259 during U.S. morning trade, up 0.03% on the day.<br /><br />Cable was likely to find support at 1.6226, Tuesday&rsquo;s low and a one-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Cocktail Parties At The NYSE

Posted: 13 Apr 2011 07:35 AM PDT

NEW YORK — “What do you do when a cathedral of capitalism becomes antiquated? You turn it into New York’s best party space. Think black tie, not Black Monday.

The New York Stock Exchange has lost most of its famous shoulder-to-shoulder bustle in the age of computerized trading. So it’s hoping its status as an icon of American finance will be a popular draw for cocktail receptions, analyst presentations and other festivities.

The exchange, where traders have nervously watched … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Extreme Weather Holding Back Rio Tinto’s 1Q Production

Posted: 13 Apr 2011 02:30 AM PDT

04/13/11 Australian mining company Rio Tinto PLC has seen a drop in 1Q production figures as extreme weather continues to hammer the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Retail Sales Increase For 9th Month To Record High

Posted: 13 Apr 2011 07:29 AM PDT

The Census Bureau reported today that U.S. consumers set another new all-time monthly record by spending $389.3 billion on retail and food services in March, which was the ninth straight monthly increase starting last July.  Without adjusting for inflation, this was the fourth straight month since the recession started in December 2007 that consumer spending has surpassed the pre-recession, previous record-high retail sales volume of of $380.0 billion set back in November 2007.  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Examining The Factors Pressuring The USD – Diversification, Default Concerns, Fed Policy, Weaker 1Q Growth

Posted: 13 Apr 2011 07:23 AM PDT

Central Bank Diversification Putting Pressure on USD
While oil prices, concerns about US growth, ultra-loose monetary policy and interest rate expectations, and budget battles in Washington are garnering most of the headlines in regards to the USD, an undercurrent that is fueling recent USD weakness is the growth of diversification flows.
Asian central banks are trying their best to intervene to stop their currencies from rising too far. They do that by selling their currency and usually sell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Business Inventories Rise Less-than-expected In February

Posted: 13 Apr 2011 07:16 AM PDT

Forex Pros – U.S. business inventories rose less-than-expected in February, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.5% in February, after rising by 1.0% in January, whose figure was revised up from 0.9%. <br /><br />Analysts had expected U.S. wholesale inventories to rise by 0.8% in February. <br /><br />Following the release of the data, the U.S. dollar was up against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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