Friday, May 27, 2011

DailyMarkets.com - American Express Credit Cards – Which American Express Card To Get?

DailyMarkets.com - American Express Credit Cards – Which American Express Card To Get?

American Express Credit Cards – Which American Express Card To Get?

Posted: 27 May 2011 07:25 AM PDT

An American Express card is the card to get if you, like me, value top-notch customer service and unparalleled cardholder privileges. American Express (NYSE:AXP) is ranked the highest in a nationwide survey on customer satisfaction among 10 of the largest credit card issuers – and for 4 years in a row. Along with this, American Express cards offer additional benefits such as extended warranty, purchase protection, return protection and travel accident insurance.

American Express has both credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 27 May 2011 07:19 AM PDT

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

Australian Dollar: The Downside Prevails

Posted: 27 May 2011 07:19 AM PDT

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

Canadian Dollar: Caution

Posted: 27 May 2011 07:19 AM PDT

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

Japanese Yen: Under Pressure

Posted: 27 May 2011 07:19 AM PDT

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

British Pound: The Downside Prevails

Posted: 27 May 2011 07:19 AM PDT

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

Euro: The Downside Prevails

Posted: 27 May 2011 07:19 AM PDT

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

US Personal Spending And Incomes Rise 0.4%, UMich Consumer Confidence

Posted: 27 May 2011 07:17 AM PDT

Personal Incomes and Spending Rise, But Mainly on Price Gains in Energy/Food
Data from the US showed that personal incomes and spending both increased 0.4% in April, figures that were broadly in line with expectations, but a cool down in spending as spending had increased a downwardly revised 0.5% in March.
Unfortunately discounting spending for price changes, we see that spending actually barely registered positive growth as much of the increase came from a surge in the category that covers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Pending Home Sales Fall More-than-expected

Posted: 27 May 2011 07:10 AM PDT

Forex Pros – nding home sales in the U.S. fell more-than-expected last month, industry data showed on Friday.<br/><br/>In a report, National Association of Realtors said that Pending home sales fell to a seasonally adjusted -11.6%, from 5.1% in the preceding month.<br/><br/>Analysts had expected Pending home sales to fall to -1.0% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Energy To Acquire Wind Farm

Posted: 27 May 2011 07:05 AM PDT

Duke Energy Corporation (NYSE:DUK) will acquire a 20-megawatt (MW) operational wind farm in Wisconsin. Duke Energy Renewables, a commercial business unit of Duke Energy, agreed to purchase the Shirley Windpower Project from a subsidiary of Central Hudson Enterprises Corporation. The deal is expected to close this summer.
The Shirley Windpower Project, which began commercial operation in December 2010, sells all of its output and associated renewable energy credits to Wisconsin Public Service … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Underperform On Universal Forest

Posted: 27 May 2011 07:05 AM PDT

We recently maintained a Neutral recommendation on Universal Forest Products Inc.(NASDAQ:UFPI) in anticipation of the lack of positive catalysts for the quarters ahead.
The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built construction (homebuilders), manufactured housing, and industrial markets.
The global economic meltdown with its far reaching effects on businesses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bloomberg Profiles Tyler Cowen

Posted: 27 May 2011 07:00 AM PDT

Bloomberg profiles George Mason economist/blogger/infovore/speed reader Tyler … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 27 May 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.<br/><br/> NZD/USD was trading at 0.8182, up 0.83% at time of writing.<br/><br/> The pair was likely to find support at 0.7860, Monday&rsquo;s low, and resistance at 0.8198, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Franc Continues Rally To Record Against Euro

Posted: 27 May 2011 06:43 AM PDT

The Euro fell to an all-time low against the Franc as the funding and safe haven currency rallied across the board in the overnight. Given the weak data out of the United States before the start of the North American market session, coupled with low liquidity, the trading day ahead could be rough for the Greenback.

Fundamental Headlines
• IMF 'Not Contemplating' Greek Restructuring – CNBC
• Price Gains Limit Spending Despite Gains in Income – CNBC
• Kan Told Quake Will Not Influence … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fifth Third Redeems 8.875% TRUPs

Posted: 27 May 2011 06:35 AM PDT

On Wednesday, Fifth Third Bancorp (NASDAQ:FITB) announced that according to a notice issued by the company to the trustee of Fifth Third Capital Trust VII on May 16, 2011, the 8.875% trust preferred securities (TRUPs) should be redeemed by June 15, 2011. As per Fifth Third, each Trust Preferred Security will be redeemed at cash redemption price of $25.18.
The certificates related to TRUPs are dated May 6, 2008 and represents 16,000,000 8.875% Trust Preferred Securities of Fifth Third Capital Trust … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medivation In Neutral Lane

Posted: 27 May 2011 06:35 AM PDT

We recently reiterated our Neutral recommendation on biopharmaceutical company Medivation Inc. (NASDAQ:MDVN). Medivation, which currently does not have any marketed product in its portfolio, focuses on the development of novel small molecule drugs for the treatment of serious diseases for which there are limited treatment options.
Medivation currently has two candidates in its pipeline – dimebon (latrepirdine), which is being developed for the treatment of Alzheimer’s disease, and MDV3100, which is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.27.2011 – Has The USD Recovery Derailed?

Posted: 27 May 2011 06:26 AM PDT

The USD-recovery has flattened out a bit this last couple of weeks after a sharp rally since the start of May. EUR/USD, GBP/USD, USD/JPY, USD/CHF show a weak USD recovery, but mostly a struggle to keep the May-gains. Let's take a look at these pairs to see whether the recovery has derailed, or whether the greenback still has a chance to extend it.
EUR/USD

- The EUR/USD bounced off the 1.40 pivot, albeit cracking it first.  It is now near 38.2% retracement near the previous high at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 27 May 2011 06:25 AM PDT

Forex Pros – The Euro was lower against the Swiss Franc on Friday.<br/><br/> EUR/CHF was trading at 1.2204, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.2165, today&rsquo;s low, and resistance at 1.2468, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.69% to hit 1.4243 and EUR/JPY rising 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is The Silver Sell-off Complete?

Posted: 27 May 2011 06:19 AM PDT

Today’s Idea
Given the wild price swings we have seen in the Silver market lately, it may be difficult for many traders to hold an outright position in Silver, as the potential risk may be greater than most traders can stomach. One option for those who choose to take a position could be to investigate the purchase of debit spreads using options on Silver futures. For those with a bullish slant, exploring the purchase of a bull call spread might be interesting. For example, with September Silver … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: American Water Works Company, Big Lots, Diamond Foods, Gen-Probe Incorporated, Goldman Sachs Group, H.J. Heinz Company, J P Morgan Chase & Co, Radioshack, Toronto Dominion Bank, Tiffany & Co.

Posted: 27 May 2011 06:15 AM PDT

    Big Lots, Inc. (NYSE:BIG) reported Q1 EPS of $0.70, above the Zacks Consensus Estimates of $0.68 per share. Revenues for the quarter fell 0.6% year-over-year to $1.23 billion, lower than the Zacks Consensus Estimate of $1.276 billion

    TD Bank Group (NYSE:TD) announced Q2 EPS of $1.62, lower than the Zacks Consensus Estimate of $1.66 per share. Revenues for the quarter grew 7.5% year-over-year to $5.23 billion, falling short of the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth Uncertainty Weighing On Stocks

Posted: 27 May 2011 06:15 AM PDT

Looking back at how stocks have behaved this month, one has to concede that the “Sell in May and Go Away” advice had a lot going for it. But as is always the case, things are a lot more complicated than that. More than mere seasonality, there are plenty of sound fundamental reasons for the market’s recent bout of tentativeness.

While there is no shortage of issues beyond the U.S. shores, the key concern pertains to the growth outlook for the U.S. economy. Is the U.S. economy accelerating from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 27 May 2011 06:15 AM PDT

05/27/11 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

Forex Trading: EURUSD Falls Back Lower. Tests The Trendline Again

Posted: 27 May 2011 06:12 AM PDT

The EURUSD broke above the channel trendline for the second time today and the price has come back down. The pair is back testing the old trendline and a move back into the channel will not be a good sign for the EURUSD.  The level comes in at 1.4241 currently.
The upside did test the trendline on the daily chart and the profit taking sellers used the resistance as a level to sell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ECB Wellnik Gives Markets Some Soothing Words Visa-Via Greece

Posted: 27 May 2011 06:06 AM PDT

Yesterday, the EUR was pressured on account of Eurogroup head Juncker announcing that the IMF may withhold its payment of the next installment of Greek aid if Greece and the EU partners in the bailout cannot guarantee refinancing in the next 12 months. Juncker said the "troika" of the EU, IMF and ECB, was not going to find that condition satisfied. That caused a sharp move lower in the EUR, but clarification came in the afternoon that helped the EUR to rebound and actually rally to new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Gap Inc.

Posted: 27 May 2011 06:05 AM PDT

One of world’s leadingpremier specialty retailer, Gap Inc. (NYSE:GPS) offering a diverse range of clothing, accessories, and personal care products for men, women, children and babies, recently posted its first-quarter 2011 results.
The street analysts had nearly a week to ponder on the news. In the subsequent paragraphs that follow, we will cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HON In Housing Development Program

Posted: 27 May 2011 06:05 AM PDT

Honeywell International Inc. (NYSE:HON) together with the Washington Housing Authority & Mid-East Regional Housing Authority (WHAMERHA) initiated a $4.7-million energy conservation and building modernization program. The program aims to provide reasonably priced housing facilities to low-and moderate-income families in Washington, N.C. area.
Honeywell has a 20-year performance contract for the program, which involves implementation of conservation measures and upgradation of equipments, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Ends Week On A Firmer Footing

Posted: 27 May 2011 06:05 AM PDT

A potentially lethal week for Europe's single currency is heading to a positive end for the unit as fears of a crash in its fortunes have lost momentum. As the biggest bond holder in Athens, the European Central Bank has a vested interest in timely and wholesome debt repayment, which is why it states that restructuring is not an option. As the U.S. strolls into a long vacation weekend, behind the scenes discussion in Europe may yet result in a softening of the hardline at the ECB and is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 27 May 2011 06:05 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.<br/><br/> EUR/USD was trading at 1.4266, up 0.86% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4299, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending rose less-than-expected to a seasonally adjusted 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 27 May 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9776, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9737, Monday&rsquo;s low, and resistance at 0.9816, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.90% to hit 1.4273 and GBP/USD rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Personal Spending Rises Less-than-expected

Posted: 27 May 2011 05:40 AM PDT

Forex Pros – U.S. personal spending rose less-than-expected last month, official data showed on Friday.<br/><br/>In a report, the Bureau of Economic Analysis said that personal spending rose to a seasonally adjusted 0.4%, from 0.6% in the preceding month.<br/><br/>Analysts had expected personal spending to rise 0.5% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Steel Faces Worker Dispute

Posted: 27 May 2011 05:35 AM PDT

Locked-out United States Steel Corp. (NYSE:X) workers mounted a second effort to prevent a ship leaving Hamilton with valuable steelmaking coal. U.S. Steel has not been able to resolve the labor dispute issue at its Hamilton Works plant in Canada for more than six months now. Moreover, the situation does not seem to improve in the near term.
This is the second instance where locked-out workers blockaded the company's ship, while earlier it was blockaded in March this year. U.S. Steel is an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Enters Agreements

Posted: 27 May 2011 05:35 AM PDT

Air Products & Chemicals Inc. (NYSE:APD) signed two agreements with Valero Energy Corp. (NYSE:VLO) and Denbury Onshore to boost Texas carbon capture and sequestration project forward. 
Air Products will build a carbon capture and storage system at a Valero Energy refinery in Port Arthur, Texas, to refine and sell about 1 million tons of carbon dioxide a year.
Air Products expects to begin construction on the system in January. The company will start supplying the gas in late 2012 to Denbury … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Stays Below Channel.

Posted: 27 May 2011 05:25 AM PDT

The USDCHF broke below channel support today and fell sharply to new lows at 0.8531 (old low at 0.8551). The price rebounded back above the 0.8551 prior low but the correction higher stalled at the underside of the old channel. The failure to extend back above this resistance level has led to a rotation back to the downside and is now testing the 0.8551 level again.
The bias for the USDCHF remains to the downside for the USDCHF as better data (despite the high currency) and calls for increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD Steady After Slide, CHF Extends Record Highs, Risk Sentiment Mixed

Posted: 27 May 2011 05:19 AM PDT

The USD was generally weaker in overnight trading as equities were stronger in Asia and Europe, though sentiment remained a bit mixed, with the safe haven Swiss Franc posting fresh record highs against the USD, EUR, and GBP.
The sharp swings in the Franc have come as a result of both the uncertainty around the sovereign debt crisis as well as better fundamental data from the Swiss economy. Overnight, the KOF leading indicator index showed the Swiss economy on solid footing. The strengthening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 27 May 2011 05:15 AM PDT

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators.<br/><br/> USD/CHF was trading at 0.8568, down 1.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8534, today&rsquo;s low, and resistance at 0.8893, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Switzerland&rsquo;s KOF economic barometer remained unchanged unexpectedly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 27 May 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.8664, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 0.8611, Thursday&rsquo;s low, and resistance at 0.8752, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.64% to hit 1.4236 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Attempting To Break Out Of A Declining Wedge

Posted: 27 May 2011 04:54 AM PDT

AUD/USD Maintains Bearish Momentum with Swing Projections Near 1.04 (5/23)
AUD/USD

- The AUD/USD failed to extend the correction down to 1.04. Instead the decline flattened and the corrective structure turned out to be a declining wedge.
- Today, the market is testing and cracking the resistance. The 200SMA and the resistance pivot at 1.0710 also serve to challenge the current rally.
- Note the RSI in the 4H chart breaking above 60. It did not kiss 70 but a break above 1.0710 is likely to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pelangio Discovers High-grade Gold At Depth

Posted: 27 May 2011 04:35 AM PDT

Steven Ralston, CFA
Pelangio discovers high-grade gold at depth

Pelangio Exploration (PX.V: TSX-V and PGXPF: OTCBB) announced results from nine additional drill holes on the Pokukrom West on the Manfo Property in Ghana. High-grade gold mineralization continues to be encountered, specifically 5.79 grams per tonne (g/t) Au over 8 meters in hole SPDD-130 and 14.10 g/t Au over 7 meters in hole SPDD-131. Also bulk mineralization of 0.99 g/t was assayed over 22 meters in SPDD-132. The results … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Setting Up For A Range Breakout

Posted: 27 May 2011 04:32 AM PDT

Stalking the Correction in USD/CAD (5/24)
USD/CAD

Short-Term to Medium Term- The USD/CAD is in a range roughly between 0.9750 and 0.9815. The 0.9750 area is near 38.2% retracement.
- If the market closes below the 200SMA seen in the 1H chart, it would be breaking out of this ranging action, which some may describe as a channel, or even a triple top.
- At the momentum, there is no bearish bias just yet, as the RSI remains above 40. However, a break below the range with the RSI breaking below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 27 May 2011 04:30 AM PDT

Forex Pros – The British Pound was lower against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.4082, down 0.83% at time of writing.<br/><br/> The pair was likely to find support at 1.4031, today&rsquo;s low, and resistance at 1.4297, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.09% to hit 1.6422 and EUR/GBP rising 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 27 May 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0672, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.0441, Wednesday&rsquo;s low, and resistance at 1.0717, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.29% to hit 1.3327 and AUD/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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