Monday, May 2, 2011

DailyMarkets.com - Duke Realty Reports In Line

DailyMarkets.com - Duke Realty Reports In Line


Duke Realty Reports In Line

Posted: 02 May 2011 12:05 PM PDT

Duke Realty Corporation (NYSE:DRE), one of the largest commercial real estate companies in the U.S., reported first quarter 2011 FFO (fund from operations) of $71.8 million or 27 cents per share compared to $63.9 million or 28 cents in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The year-over-year decrease in FFO per share was primarily due to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: ProLogis

Posted: 02 May 2011 12:05 PM PDT

ProLogis (NYSE:PLD), one of the leading global providers of distribution facilities,reported fiscal 2011 first quarter recurring funds from operations (FFO) of 13 cents per share, which missed the Zacks Consensus Estimate by 2 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
 
We cover below the results of the recent earnings announcement, as well as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sunoco Logistics Misses The Mark

Posted: 02 May 2011 12:05 PM PDT

Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (SXL) announced weaker-than-expected first-quarter 2011 results, adversely affected by soft performance from its 'Refined Products Pipeline System' segment on the back of significant unplanned refinery outages and lower demand across the system. The partnership's diluted earnings per unit ("EPU") came in at $1.08, below the Zacks Consensus Estimate of $1.31.
However, compared to the year-earlier period, Sunoco … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Strong EPS Trump Troubles

Posted: 02 May 2011 12:05 PM PDT

The first quarter earnings season is off to a strong start. We now have 306 (61.2%) of the reports in. That actually understates things a bit, since the firms that have already reported are larger and more profitable than average and represent 69.5% of the total expected earnings for the quarter.

We have enough of a sample now to be pretty sure this will be a good earnings season. So far, we have income growth of 20.8%. While that is down from the extremely strong 28.1% those same 306 firms … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BorgWarner Brings Higher Profit

Posted: 02 May 2011 11:35 AM PDT

BorgWarner Inc. (NYSE:BWA) showed a 54% increase in profit to $1.00 per share in the first quarter of 2011 from 65 cents per share (excluding a non-recurring item) in the same quarter of the prior year led by higher sales. The profit surpassed the Zacks Consensus Estimate by a narrow margin of 4 cents per share.
Revenues in the quarter soared 34% to $1.73 billion, exceeding the Zacks Consensus Estimate by $100 million. The company has been witnessing a rising demand for its advanced powertrain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mixed 1Q For Lender Processing

Posted: 02 May 2011 11:25 AM PDT

Lender Processing Services Inc. (NYSE:LPS) reported first-quarter 2011 adjusted earnings per share of 81 cents, in line with the Zacks Consensus Estimate and at the lower end of the company’s guidance range of 81 cents to 84 cents. Results were a penny above the prior-year quarter's earnings.
On a GAAP basis, earnings per share were 63 cents, down from 75 cents recorded in the year-earlier quarter. Lender Processing recorded total revenue of $556.2 million in the quarter under review, down 6.1% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BorgWarner Stood Out On High Profit

Posted: 02 May 2011 11:25 AM PDT

BorgWarner Inc. (NYSE:BWA) showed a 54% increase in profit to $1.00 per share in the first quarter of 2011 from 65 cents per share (excluding a non-recurring item) in the same quarter of the prior year led by higher sales. The profit surpassed the Zacks Consensus Estimate by a narrow margin of 4 cents per share.
Revenues in the quarter soared 34% to $1.73 billion, exceeding the Zacks Consensus Estimate by $100 million. The company has been witnessing a rising demand for its advanced powertrain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 02 May 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0972, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.0780, Wednesday&rsquo;s low, and resistance at 1.1013, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.41% to hit 1.3555 and AUD/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Humana Beats Estimates

Posted: 02 May 2011 11:05 AM PDT

Humana Inc. (NYSE:HUM) reported its first-quarter operating earnings of $1.55 per share, surpassing the Zacks Consensus Estimate of $1.45 per share. This also compares favorably with earnings of $1.15 in the year-ago quarter.
The operating earnings exclude the positive impact of 31 cents per share in the first quarter of 2011 and 37 cents per share in the prior year quarter, as a result of favorable development of prior-period medical claims reserves.
The better-than-expected showing was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Corning Beats, Expects Soft Q2

Posted: 02 May 2011 11:05 AM PDT

Corning Inc's (NYSE:GLW) first quarter 2011 earnings beat the Zacks Consensus Estimate by 4 cents, or 9.1%. Revenue growth was also strong, exceeding the Zacks Consensus by 5.3%. The revenue growth and margin expansion helped offset a higher tax rate to deliver the results in the last quarter.
Revenue
Corningreported revenue of $1.92 billion, which was up 9.0% sequentially and 23.8% year over year. Corning stated that the crisis in Japan did not affect its operations or supply chain in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DISH Network Profit Soars In 1Q11

Posted: 02 May 2011 11:05 AM PDT

DISH Network Corp. (NASDAQ:DISH) declared financial results for the first quarter of 2011. Quarterly GAAP net income was $549 million or $1.22 per share compared with a net income of $218.2 million or 52 cents per share in the prior-year quarter. First quarter of 2011 EPS of $1.22 was well above the Zacks Consensus Estimate of 68 cents.
This fabulous performance was primarily attributable to higher total revenue and lower subscriber promotion subsidies, which declined by a whopping 27.7% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Strong Quarter At Bayer, View Upped

Posted: 02 May 2011 11:05 AM PDT

Bayer's (BAYRY) earnings per share during the first quarter of 2011 came in at €1.45 (approx $1.99) compared to €1.13 (approx. $1.64) in the year-ago period. Strong revenues boosted earnings.
The company recorded a 13.2% growth in revenues to €9,415 million. Growth was witnessed across all divisions at Bayer. Growth was driven primarily by higher volumes. Higher selling prices contributed 3% to the increase reported in the first quarter of 2011.
The three major segments: Healthcare, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Strayer Tops, New Enrollment Falls

Posted: 02 May 2011 11:05 AM PDT

Strayer Education, Inc. (NASDAQ:STRA), for-profit education company, recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of $2.80 per share beat the Zacks Consensus Estimate of $2.67 and jumped 6% from $2.65 earned in the year-ago quarter due to the fall in share count on account of a share buyback.
Total revenue for the quarter came in at $172 million, marginally ahead of the Zacks Consensus Estimate of $171 million, and grew 9% from the prior-year quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NCR Beats On Higher Segment Sales

Posted: 02 May 2011 11:05 AM PDT

NCR Corp. (NYSE:NCR) posted decent first quarter 2011 earnings per share of 27 cents, beating the Zacks Consensus Estimate of 23 cents.
Revenue
NCR Corp. reported first quarter 2011 revenue of $1.10 billion, up 6.0% from $1.03 billion in the year-ago quarter. The reported revenue surpassed the Zacks Consensus Estimate of $1.09 billion. The company witnessed growth in global orders, which increased 8.0%, while order backlog at quarter end was up in the mid-teens versus the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Royal Caribbean Excels Bottom Line

Posted: 02 May 2011 11:05 AM PDT

Royal Caribbean Cruises Ltd. (NYSE:RCL) reported first-quarter 2011 adjusted earnings of 31 cents per share, breezing past the Zacks Consensus Estimate of 13 cents and showing a strong improvement from the year-earlier quarter's earnings of one penny. On a GAAP basis, Royal Caribbean's first-quarter earnings were 42 cents a share versus 40 cents recorded in the comparable quarter last year.
The quarter's earnings also surpassed management's guidance range of 10 cents to 15 cents per share. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Trimble Looking Up In 2011

Posted: 02 May 2011 11:05 AM PDT

Trimble Navigation's (NASDAQ:TRMB) first quarter earnings exceeded the Zacks Consensus Estimate by 2 cents, or 4.5%. Both GAAP  and non-GAAP earnings were at the low end of management expectations.
Seasonality typically causes huge sequential fluctuations in both revenue and margins. As a result, management generally compares results on a year-over-year basis. We have included sequential comparisons, where required.
Revenue
Trimble's first quarter revenue of $384.3 million was up 18.8% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The U.S. Session

Posted: 02 May 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8095, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.7972, Thursday&rsquo;s low, and resistance at 0.8120, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.04% to hit 1.3549 and EUR/NZD rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BMC Software Takes Over Coradiant

Posted: 02 May 2011 10:35 AM PDT

BMC Software Inc. (NYSE:BMC) recently announced the acquisition of Web application performance monitoring (APM) solutions provider, Coradiant Inc. Financial terms of the acquisition were not disclosed.
Poway, California-based Coradiant develops data center monitoring software and facilitates end-to-end performance monitoring and management of physical, virtual or cloud-based Web applications to attend to end-user requirements. The company partners with the likes of Akamai Technologies Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TC PipeLines Beats Estimate

Posted: 02 May 2011 10:35 AM PDT

TC PipeLines L.P. (NASDAQ:TCLP), a master limited partnership (MLP), announced impressive first quarter 2011 results, reflecting commendable performances from Northern Border and Great Lakes systems along with solid cash flows generation.
The partnership reported earnings per unit (EPU) of 90 cents, comfortably ahead of the Zacks Consensus Estimate of 79 cents and well above the year-ago profit of 71 cents.
Cash Distribution
TC PipeLines announced first quarter 2011 cash distribution of 75 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Angola Central Bank Cuts Reserve Requirements 500bps

Posted: 02 May 2011 10:24 AM PDT

The Banco Nacional de Angola reduced its required reserve ratio for commercial banks by 500 basis points to 20% from 25% previously.  The move is intended to increase the amount of liquidity in the system and boost lending.  The measure will come into effect from the 9th of May, and reserves can be kept in Angola’s domestic currency (Kwanza) or foreign … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Expected A Little More Boost In Stocks”

Posted: 02 May 2011 10:22 AM PDT

05/02/11 OnPoint Executions’ Bobby Heller weighs in on today’s trading action, following news U.S. forces killed Osama Bin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DDR Beats Estimates

Posted: 02 May 2011 10:00 AM PDT

Developers Diversified Realty Corp. (NYSE:DDR) reported first quarter 2011 FFO (fund from operations) of $89.1 million or 25 cents per share compared to an FFO loss of $28.4 million or 12 cents per share in the year-earlier quarter. The reported FFO beat the Zacks Consensus Estimate by four cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding non-recurring … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CNOOC Grows Overall

Posted: 02 May 2011 10:00 AM PDT

China's dominant producer of offshore crude oil and natural gas, CNOOC Limited's (NYSE:CEO) first quarter 2011 revenue jumped 59.1% year over year to 48,510.7 million yuan (US $7,376.3 million), mainly attributable to volume expansion.
Production
CNOOC achieved net production of 85.2 million barrels of oil equivalent (MMBoe), up 26.6% from the year-ago level. Of the total production, almost 81% was oil and liquids. The production growth can be credited to the high crude oil price.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ISM Index Still Strong

Posted: 02 May 2011 10:00 AM PDT

The Institute for Supply Management’s (ISM) manufacturing index dipped to 60.4 in April from 61.2 in December. This was a positive surprise as the consensus had been looking for the index to come in at 59.7. While down from last month, this is still an extremely strong reading.
Based on historical experience, the April reading is consistent with GDP growth of 6.3%. Then again, perhaps there has been a change in the relationship, since the average level so far this year is consistent with 6.5% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In U.S. Trade

Posted: 02 May 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6688, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.6436, Wednesday&rsquo;s low, and resistance at 1.6747, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.61% to hit 0.8914 and GBP/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Mixed At Close; Dax Up 0.18%

Posted: 02 May 2011 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.18%, London&rsquo;s FTSE 100 gained 0.03%, France&rsquo;s CAC 40 climbed 0.05% and the EURO STOXX 50 was down 0.08%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.01%; the S&P 500 index shed 0.07%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Marshall & Ilsley Reports High Loss

Posted: 02 May 2011 09:35 AM PDT

Marshall & Ilsley Corporation's (NYSE:MI) first quarter 2011 loss of 27 cents per share exceeded the Zacks Consensus Estimated loss of 18 cents but was in line with the prior-year quarter result.
M&I's results for the reported quarter suffered mainly due to lower net interest income and non-interest income. However, decrease in non-interest expenses and provision for loan and lease losses were the positives. Also, the company's credit quality showed mixed results during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 02 May 2011 09:35 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4870, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.4633, Wednesday&rsquo;s low, and resistance at 1.4902, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell less-than-expected to 60.40 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Decline Hits 10 Consecutive Days

Posted: 02 May 2011 09:30 AM PDT

05/02/11 A global equity rise based on strong economic data and Osama Bin Laden’s death have paved the way for another session of gains for higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Regis’ 3Q Lags On Lower Comps

Posted: 02 May 2011 09:05 AM PDT

Regis Corporation (NYSE:RGS) continues to struggle due to sluggish same-store sales results. The company reported third quarter 2011 adjusted earnings of 25 cents per share, missing the Zacks Consensus Estimate of 31 cents as well as prior-year quarter earnings of 37 cents.
During the quarter, the company reported a GAAP net loss of $25.3 million or 45 cents per share, well above the loss of $1.5 million or 3 cents per share posted in the year-ago quarter.
Quarter Performance
Total revenue inched … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Fidelity National Information Services Inc.

Posted: 02 May 2011 09:05 AM PDT

Fidelity National Information Services Inc.(NYSE:FIS) is scheduled to report its first quarter 2011 results before the opening bell on May 3, 2011. In the run up to the earnings report, there have not been any variations in analyst estimates.
Fourth Quarter 2010 Highlights
Fidelity reported strong fourth quarter 2010 results, with revenue increasing 7.6% year over year to $1.4 billion (6.1% organically), primarily driven by strong results from Financial Solutions and International … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Comcast Corp.

Posted: 02 May 2011 09:05 AM PDT

Comcast Corp. (NASDAQ:CMCSA) is slated to release its first quarter 2011 results on Tuesday, May 2, 2011, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at 35 cents per share, representing an annualized growth of 13.21%.
With respect to earnings surprises over the trailing four quarters, Comcast has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was a positive 4.85%, implying that the company has outdone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Watching 1.4872 For Intraday Support

Posted: 02 May 2011 08:51 AM PDT

The EURUSD moved above the underside of the trendline but failed (see chart above). The price is now back down and tests the 1.4872 support which is the 38.2% of the move up on the last leg to the upside.  For intraday traders holding the level is good for bulls. A move below and the bias is muddied with bulls a little less … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/JPY Breaks Above A Declining Wedge

Posted: 02 May 2011 08:48 AM PDT

Confirming Yen-Weakness in the EUR/JPY, GBP/JPY and CHF/JPY (4/28)
EUR/JPY

- The EUR/JPY was in a correction after testing 122.00 last week. The rally from 118.50 to 121.85 area was retraced 50% in a declining wedge seen in the 1H chart.
- Entering the US session the market broke above the declining wedge, and in the US session, the market is offering a throwback. If this throwback respects the broken wedge resistance as support, we should see a bullish attempt to at least retest 121.85.
- … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCAD Tries To Hold Support But Falls

Posted: 02 May 2011 08:45 AM PDT

Canada has elections today and the threat is that the New Democratic Party will cause a minority government, has kept the Canadian dollar under pressure (higher USDCAD) despite the higher oil (after an initial fall on Bin Ladens death) and stronger inflation data released this morning.  Typically, higher oil prices should lead to a stronger USDCAD. New lows were reached in the USDCAD in the first few hours of trading but the price is above the low close on Friday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Navigant Tops EPS, Revenue Misses

Posted: 02 May 2011 08:30 AM PDT

Navigant Consulting Inc.(NYSE:NCI) reported first quarter 2011 adjusted earnings per share of 19 cents, outpacing the Zacks Consensus Estimate of 16 cents. The better-than-expected results were driven by increased demand for business consulting services.
Adjusted earnings per share also beat the last quarter and year-earlier quarter earnings of 14 cents and 15 cents, respectively. Adjusted earnings exclude the impact of severance expense and non-recurring tax benefit.
GAAP net income was $8.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Reversion To The Mean – Redux

Posted: 02 May 2011 08:28 AM PDT

It’s been quite some time since I visited the “reversion to the mean” chart that was so useful in picking the Financial Crisis Crash bottom in 2009 (see May 1, 2009). There’s no better time to revisit it than at a month end. Let me update that chart for you; I think it’s truly amazing (click on image to enlarge):

Since 1939, the stock market has risen at an average annual rate of 7.5% irrespective of recessions, wars, crashes, crises of one sort or another and rising or falling interest and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: Under Pressure

Posted: 02 May 2011 08:20 AM PDT

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


Canadian Dollar: Key ST Resistance At 99

Posted: 02 May 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


Japanese Yen: Under Pressure

Posted: 02 May 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


British Pound: Under Pressure

Posted: 02 May 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


Australian Dollar: Under Pressure

Posted: 02 May 2011 08:18 AM PDT

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


Euro: Capped By A Negative Trend Line

Posted: 02 May 2011 08:17 AM PDT

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


Forex – Dollar Slips Vs. Rivals After Soft ISM PMI Data

Posted: 02 May 2011 08:02 AM PDT

Forex Pros – The U.S. dollar gave up gains against most of its major counterparts on Monday, after an initial rally following news of Al Qaeda leader Osama Bin Laden&rsquo;s death, as data showed that the pace of growth in the U.S. manufacturing sector slowed in April for a second straight month. <br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD advancing 0.56% to hit 1.4890.<br /><br />Earlier in the day, a report showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Adapting To The Surging Average True Range In Silver

Posted: 02 May 2011 08:01 AM PDT

All measures of volatility have increased significantly over the last few months in silver, which have both thrilled traders and caused them to adjust their trading tactics as a result.
Let's zero-in on the recent changes in the Average True Range – ATR – and find out what that means for traders adjusting to the new volatility highs in Silver.

The chart above shows the Weekly ATR indicator hitting a new high at $3.19 per ounce.
What that means is that if you average the last fourteen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: US Stocks Gain On Bin Laden Death

Posted: 02 May 2011 08:00 AM PDT

05/02/11 Wall Street opened higher, on improved risk sentiment. Markets digested news that U.S. forces killed Osama bin Laden in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Pound Trims Losses Vs. Dollar After Soft U.S. ISM Report

Posted: 02 May 2011 07:52 AM PDT

Forex Pros – The pound trimmed losses against the U.S. dollar on Monday, after industry data showed that the pace of growth in the U.S. manufacturing sector slowed in April for a second straight month.<br /><br />GBP/USD clawed back up from 1.6644, the daily low, to hit 1.6693 during U.S. morning trade, dipping 0.09%.<br /><br />Cable was likely to find support at 1.6623, Friday&rsquo;s low and short-term resistance at 1.6745, last Thursday&rsquo;s high and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Consolidates Against Support, Then Surges Higher

Posted: 02 May 2011 07:45 AM PDT

The EURUSD consolidated with the ceiling above at the 1.4856 area, but failure to move through intraday support against the 100 bar MA (blue line in chart above) opened up the buying interest once again. The price moved above the ceiling level and has moved to new highs dating back to Dec 2009.  Looking at the 100 hour MA below, the price is testing the target resistance against the high from Thursday/Friday and the underside of the trendline. This is the last gasp for the shorts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Better Than Expected April ISM Manufacturing PMI Sparks Risk Appetite Rally

Posted: 02 May 2011 07:42 AM PDT

The manufacturing sector in the US has been at the forefront of the US recovery, but today, data was expected to show activity cooling from its recent levels.

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The ISM Manufacturing index hit a level of 61.2 in March, following a 61.4 reading in February, which was the best since May 2004. The forecast for April was for a 59.5 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits Fresh 16-month High After Soft U.S. ISM Data

Posted: 02 May 2011 07:37 AM PDT

Forex Pros – The euro advanced to a fresh 16-month high against the U.S. dollar on Monday, after data showed that the rate of growth in the U.S. manufacturing sector slowed in April for a second successive month.<br /><br />EUR/USD hit 1.4888 during U.S. morning trade, the pair&rsquo;s highest since December 7, 2009; the pair subsequently consolidated at 1.4886, gaining 0.54%.<br /><br />The pair was likely to find support at 1.4762, the day&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Humana’s 1Q Profit Rises 22%

Posted: 02 May 2011 02:00 AM PDT

05/02/11 Enrollment gains in Medicare offerings and lower health care use led the way for a 1Q profit rise for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Declinesas Bin Laden Death Eases Supply Disruption Concerns

Posted: 02 May 2011 06:35 AM PDT

05/02/11 Front month crude prices dropped the most in two weeks after President Barack Obama confirmed the death of Osama Bin Laden. Therefore raising speculation that Middle East supply disruptions will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Powering The World’s Fastest Growing Economy

Posted: 01 May 2011 10:00 PM PDT

International coal prices hit $124 per ton this week, the highest levels in five months, as strong demand from reconstruction projects in Japan and reduced supply from flood-ravaged Australia has made coal supply tight. The floods in Queensland, Australia cut the country's output of coal by 15 percent and other big coal producers such as Indonesia, South Africa and Colombia are experiencing similar production cuts due to floods of their own.
At the end of March 31, coal prices were 33 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Investor Sentiment: Why Bet Against The Market When It Only Goes Up?

Posted: 01 May 2011 07:54 AM PDT

Why bet against the market when it only goes up?  After almost 2 years of a seemingly relentless upwards move with only one real buying opportunity, market participants have clearly become accustomed to the notion that the market never goes down.  This is a sign of true complacency.  I am not calling for a market top or the start of a bear market — there are too many “Johnny come lately’s” willing to buy at the sign of any weakness –but let’s be clear: investors are becoming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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