Tuesday, April 5, 2011

DailyMarkets.com - Williams Cos. Shares Climb Further

DailyMarkets.com - Williams Cos. Shares Climb Further

Williams Cos. Shares Climb Further

Posted: 05 Apr 2011 09:35 AM PDT

Shares of The Williams Companies Inc. (WMB) hit a 52-week high of $31.89 on Friday, April 1. The natural gas producer and pipeline firm has seen its share price climb approximately 72% 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 bullish sentiment.
Williams Companies – currently having a Zacks #1 Rank (short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Genzyme In Sanofi’s Control

Posted: 05 Apr 2011 09:35 AM PDT

Sanofi-Aventis (NYSE:SNY) recently announced the successful completion of its exchange offer for all outstanding shares of common stock of Genzyme Corporation (NASDAQ:GENZ). With 224,528,469 shares of Genzyme being validly tendered, Sanofi now holds about 84.6% of Genzyme common stock (77% on a fully-diluted basis).
The remaining shareholders of Genzyme have time until April 7, 2011 (6:00 p.m., New York City time) to tender their shares. Meanwhile, the contingent value rights (CVRs), which were a part … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ISM Services Index Disappoints

Posted: 05 Apr 2011 09:35 AM PDT

The Institute for Supply Management's Non-Manufacturing, or Service, survey fell in March to 57.3 from 59.7 in February. Like its venerable brother, the Manufacturing survey, this is a "magic-50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction.

This means that the Service side of the economy, which is far larger than the Manufacturing side, is still growing, though the rate of growth decelerated in March … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Polsinelli Drops Highwoods Project

Posted: 05 Apr 2011 09:05 AM PDT

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently received a setback when law firm Polsinelli Shughart announced that would discard its plans for the proposed office building in the build-to-suit property in Country Club Plaza – an upscale shopping district and residential neighborhood in Kansas City.
Polsinelli had earlier signed a 20-year lease for the 192,000-square-foot Class A build-to-suit office building, which was scheduled for completion by 2013. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cracks In Progress’ Nuclear Unit

Posted: 05 Apr 2011 09:05 AM PDT

Progress Energy Inc.'s (NYSE:PGN) Florida subsidiary has informed state and federal regulators that its Crystal River Nuclear Plant will remain shut for repairs as they have discovered a new gap in the wall of the containment building last month. The company informed the Nuclear Regulatory Commission (NRC) and the Florida Public Service Commission (FPSC) that it will restart the plant only after complete review and repair of the defect.
Progress Energy said it is now conducting a thorough … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JA Solar-Jabil In Partnership

Posted: 05 Apr 2011 09:05 AM PDT

JA Solar Holdings Company Ltd (NASDAQ:JASO) entered into a two-year strategic partnership with Jabil Circuit Inc. (NYSE:JBL). Jabil Circuit is a leading global electronic product solutions, company headquartered in St. Petersburg, Florida.
The partnership is in-line with JA Solar's long-term strategy to partner with leading US-based companies in order to enter the rapidly growing US market. By leveraging Jabil’s expertise and experience in solar module manufacturing and strong global presence, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 05 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 1.4237, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.82% to hit 0.8744 and EUR/JPY rising 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Portugal Yields Continue To Deteriorate, Will The Country Need Rescue Before June?

Posted: 05 Apr 2011 08:59 AM PDT

The situation with Portuguese yields continues to deteriorate, pointing to the country needing to pursue a bailout from the EU and IMF.
In today's session, we had further downgrades of the Portuguese sovereign credit rating as well as downgrades to several of the country's banks.

From Bloomberg: "Portugal's credit rating was cut by Moody's Investors Service for the second time in three weeks amid expectations it will be unable to avert a European bailout.
Moody's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Double Tops After Pullback And Targets 0.9556, 0.9330-0.9360

Posted: 05 Apr 2011 08:39 AM PDT

USD/CAD's Pullback Might Present Shorting Opportunity (4/4)
USD/CAD

Short Term- Indeed, the rally yesterday was just a pullback, and the market failed to even test the 0.97, 38.2% retracement level.
- The RSI in the 1H chart failed to break above 70 to show some bullish momentum, instead a double top type of action developed, and the market is falling sharply below the base at 0.9660. A retest of the 0.9615 low is imminent.
Medium Term
- As mentioned in previous posts, the negative reversal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DISH Network Bids For Blockbuster

Posted: 05 Apr 2011 08:25 AM PDT

DISH Network Corp. (NASDAQ:DISH), the second largest satellite-TV operator in the U.S., has submitted bids for the auction of the bankrupt movie and video game retailer Blockbuster Inc. Although the bid size is still unknown, the industry watchers forecasted it to be more than $290 million. The company offers movie on demand service and library of digital video titles. Currently, Blockbuster operates 2,400 kiosks of which the company decides to close 700 by April, 2011.
We believe primary reason for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fluor To Build Solar Power Unit

Posted: 05 Apr 2011 08:25 AM PDT

Fluor Corporation (NYSE:FLR) was awarded a contract for construction of the 20-megawatt (MW) Copper Crossing photovoltaic solar power plant in Pinal County, Arizona. The contract was awarded by SunPower Corporation.
The contract win bolsters Fluor's growing portfolio of solar energy mandates and highlights its expertise across the entire value chain in the renewable energy sector.
Fluor stands out as one of the few engineering and construction companies having the technological expertise, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Copper Questions

Posted: 05 Apr 2011 08:18 AM PDT

Today’s Idea
Copper fundamentals are mixed, but may favor the bear camp if miners are able to get back online. The absence of robust Chinese demand may be too bearish of a force for the bull camp to overcome. Technically, Copper is at a fairly important support level of 4.25. Failure to hold this support could result in further long liquidation and fresh shorts entering the market. Due to the lack of Copper option liquidity, some traders may opt to enter the futures market. One must keep in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manpower Gains WDC

Posted: 05 Apr 2011 08:13 AM PDT

Manpower Inc. (NYSE:MAN), one of the leading employment services provider, recently announced that it has gained 74% stake in Kolkata, India-based, Web Development Company Limited (WDC),  which offers IT services and professional resourcing.
Following the acquisition, WDC will now be controlled by the ManpowerGroup and will witness rejig in its board.
WDC offer's services to large number of clients across the Asia Pacific region and have five delivery locations in India, thus enabling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AK Steel Announces Surcharge

Posted: 05 Apr 2011 08:13 AM PDT

AK Steel Holding Corporation (NYSE:AKS) will be adding a $390 per ton surcharge to invoices for electrical steel products shipped in May 2011. The surcharges are based on reported prices of raw materials and energy used to manufacture the products, with the March 2011 purchase cost used to determine the May 2011 surcharges.
Earlier in January, AK Steel reported its fourth-quarter results incurring an adjusted after-tax loss of $54.5 million or 49 cents per share, outperforming the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Denny’s Authorizes Share Buyback

Posted: 05 Apr 2011 08:13 AM PDT

After announcing soft fourth-quarter 2010 results, Denny's Corporation (NASDAQ:DENN) is set to boost investors' confidence on the stock by initiating a share buyback program.
The board of directors of Denny, America's leading full-service family restaurant chain, has approved a new share repurchase program worth $6 million. The repurchase will be executed from time to time in the open market as well as in privately-negotiated transactions based on market conditions, stock price and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD Begins To Signal Bullish Continuation; Swing Projection Targets 1.0470

Posted: 05 Apr 2011 08:12 AM PDT

The Australian Dollar Ahead of the RBA Meeting (4/4 Video)
AUD/USD

Short- The 1.03 pivot was indeed an important one. In the 1H chart we saw the market test this pivot at the same time the RSI kissed 30, and the market tested 200SMA.
- The rejection followed  by an engulfing candle has now materialized into a strong rally that is breaking the previous pivot, 38.2% retracement, and declining channel resistance. This price action in it of itself merits a reversal signal back into the prior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raleigh Mortgages And The Instant Cash Reserve – The Untold Story

Posted: 05 Apr 2011 08:10 AM PDT

"They turned my mortgage application down even with good credit.  Let me tell you about Raleigh Mortgages and the Instant Cash Reserve – the untold story" said Maria.
"I wanted to get closer to work.  You know, cut down on the commute.  Plus the kids were getting older and we needed more room.  So I went looking for a house.  I wasn't worried about getting approved for a mortgage.  My credit scores are all in the 700s.  I found a house, negotiated a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Makes New NY Highs And Targets Channel Resistance

Posted: 05 Apr 2011 08:08 AM PDT

The EURUSD has pushed to new NY highs  and looks to test the 1.418-20 level. The level corresponds with channel resistance and should solicit some profit taking selling. The EURUSD has been pushed higher on the back of Treasury Secretary Geithners comments on the risk of the failure of Congress to extend the debt limit.  The comments took the pair back above the 100 (at 1.4176) and 200 bar MA (at 1.4190)  on the 5 minute chart and the 100 hour MA (BLUE LINE in the chart above at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Posts Slight Dive On Demand Concerns

Posted: 05 Apr 2011 08:00 AM PDT

04/05/11 Front month crude prices posted a slight loss this afternoon on growing speculation that higher prices at the pump will spark a decline in fuel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Trims Gains After Unexpected Drop In March ISM

Posted: 05 Apr 2011 07:59 AM PDT

Forex Pros – The U.S. dollar trimmed gains against some of its major counterparts on Tuesday, following a report showing that services sector growth in the U.S. declined unexpectedly last month.<br /><br />During U.S. morning trade, the greenback was higher against the euro, with EUR/USD shedding 0.17% to hit 1.4195.<br /><br />Earlier in the day, Moody’s Investors Service downgraded Portugal’s sovereign debt rating from A3 to Baa1 and warned that it expected the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quick Checking The Band Of Support In Gold GLD At New Highs

Posted: 05 Apr 2011 07:53 AM PDT

As of this moment, Gold and GLD are threatening another poke-out to new lifetime highs this morning, so let's zoom-in to the daily chart and see the current chart picture and current levels to watch for positioning.
GLD Daily:

Getting straight to the point, there is a clean horizontal band of lower support in the highlighted region from $137 to $139.
That's the level you should watch closely if trading long – gold should not breakdown under the $137 confluence level of the 50d EMA, lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: Stocks Start In The Red

Posted: 05 Apr 2011 02:50 AM PDT

04/05/11 US stocks started the session in negative territory, amidst global inflationary concerns and corporate buyout … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Extends Gains After Soft U.S. ISM Data

Posted: 05 Apr 2011 07:47 AM PDT

Forex Pros – The pound extended gains against the U.S. dollar on Monday, surging to a fresh eight-day high after a report showing that growth in service industries in the U.S. unexpectedly declined in March.<br /><br />GBP/USD hit 1.6266 during U.S. morning trade, the pair&rsquo;s highest since March 24; the pair subsequently consolidated at 1.6258, surging 0.79%.<br /><br />Cable was likely to find support at 1.6090, the days low and resistance at 1.6384, the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trims Losses After Weak U.S. Service Sector Data

Posted: 05 Apr 2011 07:38 AM PDT

Forex Pros – The euro trimmed losses against the U.S. dollar on Tuesday, easing off a two-day low after a report showing that growth in service industries in the U.S. unexpectedly contracted in March.<br /><br />EUR/USD retreated from 1.4152, the pair&rsquo;s lowest since Friday, to hit 1.4200 during U.S. morning trade, down 0.13% on the day.<br /><br />The pair was likely to find support at 1.4061, last Friday&rsquo;s low and resistance at 1.4267, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Tests First Target

Posted: 05 Apr 2011 07:33 AM PDT

The AUDUSD held the 200 hour MA and is now at the first target, the 100 hour MA. The level comes in at the 1.0344 level. Above the level is the underside of the trendline at the 1.0357 level.
Traders who are long may lighten up some of there position at this level, with stops on a move above the 1.0357 level.
The AUDUSD lost some ground today on the back of less hawkish comments from the RBA following their interest rate decision (no change). Also, the Trade balance showed a surprise deficit. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/JPY Cracks 119.64 Pivot Targeting 122.30 And 125.75-126

Posted: 05 Apr 2011 07:32 AM PDT

EUR/JPY in a Major Breakout 126 Can be Target Above 119.64 (4/1)
EUR/JPY

Medium Term- Since the breakout above 116, the market has been very strong and is now testing the 119.64 pivot we anticipated. It has been broken, so further rally can be expected.
- We see in the daily chart a swing projection to 122.30. The weekly chart shows the 50% retracement level at 122.00.
- The next target is the 125.75 level which is seen as the channel breakout projection. This 125.75-126 area is a previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rough Start To 2011 For KB Home

Posted: 05 Apr 2011 02:30 AM PDT

04/05/11 On Tuesday, KB Home reported a larger-than-expected fiscal 1Q loss on poor home delivery figures and a drop in net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Daily Outlook For April 6, 2011

Posted: 05 Apr 2011 07:25 AM PDT

By CommoditiesMansion.com
 
Gold trading Tuesday was calm, as lack of major influential data from the US lured investors to target safety. Portugal's suffered another downgrade by one-notch, this time by Moody's Investors Services while putting the rate on review for further rate cuts on prospects that the nation may acquire a bailout from EU and IMF.
Inflation accelerated in Euro-Zone pushing traders to target gold to hedge against inflation. The sideway trading remains valid ahead of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Daily Outlook For April 6, 2011

Posted: 05 Apr 2011 07:21 AM PDT

By ForexMansion.com
 
The EUR/USD pair depreciated Tuesday as the services sector's conditions in Europe eased during March, affected by rising oil prices and MENA turbulence along with the appreciation of the euro over the past period that damaged the sector's performance.
Further bearishness is expected Wednesday where inflation threats may place huge pressure on the ECB to hike rates, where expectations signal that inflation will average 2.3% this year, above the desired rate of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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