DailyMarkets.com - Chevron And Baker Strike Deal
DailyMarkets.com - Chevron And Baker Strike Deal |
- Chevron And Baker Strike Deal
- FMD: Neutral On Shares
- ATVI’s Modern Warfare 3 In November
- Harris Wins Multi Million Contract
- Intrade Founder And CEO John Delaney, R.I.P.
- NetApp Delivers A Strong 4Q
- Stone Ups Capex, Guides Higher
- Forex – Euro Extends Gains Against Dollar After U.S. GDP, Jobs Data
- Weak US GDP And Jobless Claims Data Undermines USD
- Raytheon Wins KIV-77 Contract
- Stock Market News Briefs: Alpha Natural Resources, Costco Wholesale, Diamond Foods, Focus Media Holding Limited, Guess?, Halliburton Company, Hormel Foods, Suntech Power Holdings Co., LTD., Toll Brothers, UnitedHealth Group Incorporated
- GDP & Jobless Claims Disappoint
- Forex – USD/CAD Up As Oil Dips After Disappointing U.S. Data
- Crude Oil Futures Erase Gains On Downbeat U.S. GDP Data
- Dollar Takes A Beating Following Tepid Jobs And Growth Data
- Forex Trading: USDCHF Tests Channel Support Line At 0.8648
- UnitedHealth Hikes Dividend Plan
- Morning Market Brief
- Air Products Lifts Product Prices
- Forex – USD/JPY Tumbles After Weak U.S. Growth, Jobs Data
- Forex Trading: GBPUSD Rises Above The 1.6337. Targets 1.6370 And 1.6400
- Profitable Insider Trading….. Inside The Beltway
- Forex Trading: USDCAD Moves Higher On Lower USD Growth
- U.S. Q1 Revised GDP Rises Less-than-expected
- Dillard’s Boosts Shareholders Value
- U.S. Initial Jobless Claims Rise Unexpectedly
- Forex Trading: USDJPY Falls On Lower GDP And Higher Initial Claims
- American Eagle Meets Estimate
- Forex Trading: EURUSD Awaits GDP/Initial Claims
- U.S. Stock Futures Higher Ahead Of GDP Data; Dow Up 0.3%
- Pre-Market BUYS — DGP, SIL And GLDX
- Global Sticks Moves From China To Thunder Bay
- Silver Misses 39.50, Tests The 36.50 Pivot
- Gold Spooked At 1530 After Completing 61.8% Retracement
- NZD, AUD, EUR Gain On China Investment News
- Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed
- Forex – GBP/USD Gains Capped Amid U.K. Recovery Fears
- I Will Be Reading ‘Reckless Endangerment’
- Forex – EUR/USD Extends Gains, Sentiment Remains Fragile
- EUR/USD Completes Double Zig Zag And Cracks Channel Resistance
- British American Tobacco To Acquire Second Largest Cigarette Company In Colombia
| Posted: 26 May 2011 07:40 AM PDT Chevron Corporation (NYSE:CVX) has awarded a contract to Baker Hughes (NYSE:BHI) for supply of equipments to the Big Foot project in the Gulf of Mexico. The financial terms of the deal were not disclosed.
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| Posted: 26 May 2011 07:35 AM PDT Ann Heffron, CFA Our recommendation on The First Marblehead Corporation (FMD) is Neutral. FMD is in the initial stages of a turnaround. It has rolled out its new partnered lending program with two lenders, Sun Trust Bank and Kinecta Federal Credit Union, has added tuition payment services to its product line-up through the recent acquisition of TMS, and will begin using its Union Federal Savings Bank subsidiary to originate private education loans. That said, we believe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| ATVI’s Modern Warfare 3 In November Posted: 26 May 2011 07:35 AM PDT Activision Blizzard Inc.(NASDAQ:ATVI) announced their latest offering from their most successful franchise in recent times, Call of Duty: Modern Warfare 3. The new game is scheduled to release on November 8 this year.
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| Harris Wins Multi Million Contract Posted: 26 May 2011 07:07 AM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won an $18 million contract to upgrade the public safety communications system in Linn County, Iowa.
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| Intrade Founder And CEO John Delaney, R.I.P. Posted: 26 May 2011 06:58 AM PDT Business Insider — “John Delaney, founder and CEO of Intrade, the prediction market, has died while trying to climb Mt. Everest. He was less than 50 meters from the top, according to the Daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 26 May 2011 06:56 AM PDT NetApp Inc. (NASDAQ:NTAP) reported fourth quarter fiscal 2011 adjusted earnings per share (EPS) of 47 cents, which exceeded the Zacks Consensus Estimate of 44 cents. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, restructuring charges, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses. After the closing the bells, NetApp’s share price increased 3.61%.
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| Stone Ups Capex, Guides Higher Posted: 26 May 2011 06:56 AM PDT Stone Energy Corporation (NYSE:SGY) has raised its full-year capital expenditure (capex) and production forecast. The company's big pile of capital projects called for the capex increase and supported its upbeat projection.
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| Forex – Euro Extends Gains Against Dollar After U.S. GDP, Jobs Data Posted: 26 May 2011 06:55 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Thursday, advancing to a fresh four-day high after official data confirmed that the U.S. economy grew by an unrevised 1.8% in the first quarter and initial jobless claims rose unexpectedly last week.<br /><br />EUR/USD hit 1.4206 during early U.S. trade, the pair’s highest since May 20; the pair subsequently consolidated at 1.4171, gaining 0.60%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Weak US GDP And Jobless Claims Data Undermines USD Posted: 26 May 2011 06:40 AM PDT Today's data showed US GDP unrevised at an annual rate of 1.8% for the 1st quarter. Expectations had it climbing up to 2.2% annual rate. In addition, weekly jobless claims jumped to 424K last week when economists were forecasting them to fall to 405K. Corporate profits, which the government reported for the first time with Thursday's release and are not adjusted for inflation, rose at an annual rate of $1.70 trillion in the first quarter. That's the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 26 May 2011 06:35 AM PDT Raytheon Company (NYSE:RTN), one of the largest aerospace and defense companies in the U.S., received a contract from the U.S. Air Force for the supply of more than 1,900 KIV-77 Mode 4 / 5 cryptographic units that provide secure communications for combat systems force identification. The value of the contract is $20.7 million.
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| Posted: 26 May 2011 06:35 AM PDT Guess?, Inc. (NYSE:GES) reported Q1 EPS of $0.46, above the Zacks Consensus Estimates of $0.44 per share. Revenues for the quarter rose 9.8% year-over-year to $592.2 million, higher than the Zacks Consensus Estimate of $568.0 million Suntech Power Holdings (NYSE:STP) posted a Q1 profit of $0.17 per American Depository Share, below the Zacks Consensus Estimate of $0.37 per share. Revenues for the quarter rose 49% year-over-year to $877.0 million, above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GDP & Jobless Claims Disappoint Posted: 26 May 2011 06:35 AM PDT Today’s negative economic reports will add to the growth concerns that have been weighing on stocks and commodities in recent days. Contrary to expectations, the first quarter GDP growth number was left unchanged, indicating that the economy’s growth pace had stalled. And Jobless Claims again reversed their downward trend of the last two weeks, raising doubts about the sustainability of the labor market recovery. In a surprise report, the Commerce Department left the initial read for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Up As Oil Dips After Disappointing U.S. Data Posted: 26 May 2011 06:31 AM PDT Forex Pros – The U.S. dollar was trading close to a two-month high against its Canadian counterpart on Thursday, as crude oil, Canada’s largest export trimmed gains after disappointing U.S. growth and employment data.<br /><br />USD/CAD hit 0.9801 during early U.S. trade, the daily high; the pair subsequently consolidated at 0.9795, gaining 0.22%.<br /><br />The pair was likely to find support at 0.9730, the low of May 23 and resistance at 0.9852, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures Erase Gains On Downbeat U.S. GDP Data Posted: 26 May 2011 06:25 AM PDT Forex Pros – Crude oil futures erased gains on Thursday, retreating from a two-week high after worse-than-expected U.S. GDP data and an unexpected rise in weekly jobless claims fuelled concerns over the pace of the U.S. economic recovery.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.88 a barrel during U.S. morning trade, shedding 0.17%. <br /><br />It earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dollar Takes A Beating Following Tepid Jobs And Growth Data Posted: 26 May 2011 06:21 AM PDT Lesser worries over disruptions to the global growth scenario and hopes that sovereign woes may enhance the appeal of European government bonds to savvy yield-hungry Asian investors has the dollar on the back foot late in the week. The dollar meanwhile faced a bashing after the Commerce Department stuck with its low-beat assessment of growth in the three-months through March while initial claims data also disappointed investors. The dollar tumbled versus its major risk partners.
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| Forex Trading: USDCHF Tests Channel Support Line At 0.8648 Posted: 26 May 2011 06:19 AM PDT The channel trendline target at the 0.8648 level should provide support for the USDCHF and will be eyed by the market. Risk is limited and defined at the level which may solicit some profit taking. Although weak US dats/strong Swiss Trade data support the CHF strength/USD weakness.
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| UnitedHealth Hikes Dividend Plan Posted: 26 May 2011 06:11 AM PDT Following the strong first-quarter results and with the expectation of higher profits in the future, UnitedHealth Group Inc. (NYSE:UNH) has planned to increase its quarterly dividend by 30% and enhance the share repurchase program, replacing the earlier one.
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| Posted: 26 May 2011 06:10 AM PDT 05/26/11 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
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| Air Products Lifts Product Prices Posted: 26 May 2011 06:05 AM PDT Effective June 15, 2011, Air Products & Chemicals Inc. (NYSE:APD) will increase prices for products sold under the trade names Tomamine Surfactant, Tomadry Surfactant, Tomadyne Surfactant, Tomadol Surfactant, Nonidet Surfactant, Nonatell Surfactant and NEODOL Alcohol by 10 cents per pound.
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| Forex – USD/JPY Tumbles After Weak U.S. Growth, Jobs Data Posted: 26 May 2011 05:57 AM PDT Forex Pros – The U.S. dollar extended losses against the yen on Thursday, after official data confirmed that the U.S. economy grew by an unrevised 1.8% in the first quarter and initial jobless claims rose unexpectedly last week.<br /><br />USD/JPY hit 81.16 during European afternoon trade, the pair’s lowest since May 18; the pair subsequently consolidated at 81.31, tumbling 0.82%.<br /><br />The pair was likely to find support at 80.72, the low of May 17 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: GBPUSD Rises Above The 1.6337. Targets 1.6370 And 1.6400 Posted: 26 May 2011 05:56 AM PDT The GBPUSD has moved above the 1.6337 level and looks toward the the next target at the 1.6370 level (topside resistance on the hourly chart below) and above that the 1.6400 level (50% of the move down from the April high to the May low). Support below now at the 1.6333 level and below that the 1.6320 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Profitable Insider Trading….. Inside The Beltway Posted: 26 May 2011 05:50 AM PDT Washington Times — “An extensive study released Wednesday in the journal Business and Politics found that the investments of members of the House of Representatives outperformed those of the average investor by 55 basis points per month, or 6 percent annually, suggesting that lawmakers are taking advantage of inside information to fatten their stock portfolios. To the frustration of open-government advocates, lawmakers and their staff members largely have immunity from laws barring trading on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCAD Moves Higher On Lower USD Growth Posted: 26 May 2011 05:42 AM PDT The dollar does benefit against the CAD$ on the back of the weaker US data. The thought is that if the US slows Canada will suffer more. The 100 hour MA (blue line in the chart above at 0.9766 currently) has held support over the last few days and remains the support for the pair. The 100 day MA is also a key level. That comes in at the 0.9758 level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Q1 Revised GDP Rises Less-than-expected Posted: 26 May 2011 05:39 AM PDT Forex Pros – Gross domestic product in the U.S. rose less-than-expected in the first quarter, revised data showed on Thursday.<br /><br />In a report, the Bureau of Economic Analysis said that GDP rose by a seasonally adjusted annual rate of 1.8%, unchanged from a preliminary estimate.<br /><br />Analysts had expected U.S. gross domestic product to rise 2.2% in the first quarter.<br /><br />The GDP price index rose broadly in line with expectations, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dillard’s Boosts Shareholders Value Posted: 26 May 2011 05:35 AM PDT Dillard’s Inc. (DDS),in an endeavorto augment shareholders worth and instill confidence in the company’s values and prospects, announced a share buyback of approximately $250 million of its Class A Common Stock.
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| U.S. Initial Jobless Claims Rise Unexpectedly Posted: 26 May 2011 05:34 AM PDT Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 21 rose by 10K to a seasonally adjusted 424K, up from 414K in the preceding week, whose figure was revised up from 409K.<br /><br />Analysts had expected initial jobless claims to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDJPY Falls On Lower GDP And Higher Initial Claims Posted: 26 May 2011 05:32 AM PDT The consumption is down. Inventories up. Higher oil slows consumption. The Initial Claims are showing signs of weakening. The USDJPY has fallen in response and tests the lows for the day. The next target to get through is the 81.61. Overall, although the dollar is lower, the move is not all that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 26 May 2011 05:25 AM PDT American Eagle Outfitters Inc.(NYSE:AEO) recently reported first-quarter 2011 results. Earnings in the first quarter decreased to 14 cents per share from the year-ago earnings of 17 cents per share, however, in line with the Zacks Consensus Estimate.
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| Forex Trading: EURUSD Awaits GDP/Initial Claims Posted: 26 May 2011 05:24 AM PDT The 200 hour MA comes in at the 1.4161. The midpoint of the move down from last Friday's high comes in at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Higher Ahead Of GDP Data; Dow Up 0.3% Posted: 26 May 2011 05:22 AM PDT Forex Pros – U.S. stock futures pointed to a slightly higher open on Thursday, as shares in Guess rallied ahead of the open, while markets awaited the release of revised first quarter GDP data and a report on jobless claims. <br /><br />Dow Jones Industrial Average futures indicated an increase of 0.3%, the S&P 500 futures added 0.28%, while Nasdaq 100 futures pointed to a gain of 0.15%. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Pre-Market BUYS — DGP, SIL And GLDX Posted: 26 May 2011 05:18 AM PDT In the pre-market this morning I was able to have all recent Tomorrow’s Trades (Today!) BUY orders filled. I mistakenly set the SIL GTC buy to trigger at $24.70 rather than $24.60, so that is the price I payed. DGP cost me $48.00 and GLDX was also the suggested entry price of $16.60. I will update my TSI Trading record for these purchases ASAP this morning. The US Dollar has taken another tumble overnight (down .55%) but appears, for now, to have stabilized and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Global Sticks Moves From China To Thunder Bay Posted: 26 May 2011 05:16 AM PDT Jeff Rubin — “Why has Global Sticks, a manufacturer of wooden ice cream sticks, moving from Dalian, China to Thunder Bay, Ontario? It's the kind of low margin manufacturing that is never supposed to come back after it leaves North America for cheaper labour abroad. But wage costs are no longer everything they were cranked up to be. In today's world of soaring energy costs, power rationing and export taxes on key commodities such as wood, wage gaps are less important. When the power goes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Silver Misses 39.50, Tests The 36.50 Pivot Posted: 26 May 2011 05:07 AM PDT Silver (XAG/USD) Short-term
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| Gold Spooked At 1530 After Completing 61.8% Retracement Posted: 26 May 2011 04:51 AM PDT Gold Crawling Towards Resistance at 1526.50 (5/24) Short-Term to Medium Term- In the 1H chart, we see gold sliding sharply from 1531, and cracking a pivot just below 1520. Now, a 50% retracement targets the 1500 level.
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| NZD, AUD, EUR Gain On China Investment News Posted: 26 May 2011 04:49 AM PDT The Asian session saw some strong risk appetite as equities gained and news that China was going to increase its investment in New Zealand helped to send the Kiwi and the Aussie soaring during the early part of the global session.
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| Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed Posted: 26 May 2011 04:46 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, as risk appetite recovered following reports of possible Chinese interest in buying bailout bonds for Portugal.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.65% to hit 1.4180.<br /><br />On Wednesday, European Financial Stability Facility Chief Executive Officer Klaus Regling said China was “clearly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Gains Capped Amid U.K. Recovery Fears Posted: 26 May 2011 04:24 AM PDT Forex Pros – The pound held gains against the U.S. dollar on Thursday, trading close to a two-week high but further gains were capped amid concerns over the uneven nature of the U.K. economic recovery.<br /><br />GBP/USD hit 1.6334 during European afternoon trade, the pair’s highest since May 12; the pair subsequently consolidated at 1.6297, gaining 16%.<br /><br />Cable was likely to find support at 1.6130, Wednesday’s low and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| I Will Be Reading ‘Reckless Endangerment’ Posted: 26 May 2011 03:49 AM PDT There are only a few books written on our financial crisis that I have felt compelled to read. I thoroughly enjoyed The Big Short by Michael Lewis. I strongly recommend 13 Bankers by Simon Johnson and James Kwak.
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| Forex – EUR/USD Extends Gains, Sentiment Remains Fragile Posted: 26 May 2011 03:42 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Thursday, rising to a fresh four-day high after reports that China is interested in buying bailout bonds for Portugal but concerns over Greek debt continued to unsettle investors.<br /><br />EUR/USD hit 1.4195 during European late morning trade, the pair’s highest since May 20; the pair subsequently consolidated at 1.4175, gaining 0.62%.<br /><br />The pair was likely to find support at 1.4001, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD Completes Double Zig Zag And Cracks Channel Resistance Posted: 26 May 2011 03:33 AM PDT Stalking the EUR/USD in this Week's Consolidation with an Elliott Wave Count (5/25) Short-term- The EUR/USD continued to rally over the Asian-European session, pushing the pair towards 61.8% retracement, near 1.42.
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| British American Tobacco To Acquire Second Largest Cigarette Company In Colombia Posted: 26 May 2011 01:08 AM PDT British American Tobacco (LON:BATS) has agreed a deal to buy privately owned Productora Tabacalera de Colombia, S.A.S. (Protabaco), the second largest cigarette company in Colombia, for an enterprise value of US$452 million (£277.4 million). The move will elevate British American Tobacco from third to second place in Colombia's tobacco market, which is Latin America's fourth largest cigarette market with total industry sales of around 17 billion cigarettes in 2010. Mark Cobben, British … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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