DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

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• Forex – EUR/USD Down In Asian Trade
• Hot Option Plays: Short-Term Action Broke Through Resistance
• Forex – USD/JPY Up During Asian Trade
• Removing Reserve Bank Presidents From The FOMC: Another Bad Idea
• Allegheny Acquires Ladish
• Neutral On Tellabs
• NOC Makes Antenna For B-2 Bomber
• Emergency Text Alert System To Launch In US
• Forex – NZD/USD Down In Asian Trade
• TC PipeLines Cut To Neutral
• Fluor JV Wins Aussie Contract
• The Day Ahead: Earnings – Arcelor Mittal, Cisco, Symantec, Toyota; US Trade Balance, EIA Oil Inventories
• Sold HL – $8.64 And Miners Update
• Stock Market Summary For Tuesday, May 10, 2011
• Lindsay Gets New CFO
• HP To Serve Australian Taxation
• Hawaiian Electric Up On Revs
• Cliffs Restarts Mining At Oak Grove
• The Unbearable Lightness Of Being Mitt
• Stock Market Summary For Tuesday, May 10 Special Alert Short Candidates
• New Share Buyback From CME
• Textron Wins Defense Contract
• Wednesday’s Stocks To Watch And Trading Ideas
• A Silver Lining To Last Week’s Selloff?
• Allscripts Beats Squarely
• LPX Losses & Sales Improve
• Disney Misses On Both Sides
• Closing Bell Market Monitor: MSFT, WEN, BSX, FOSL
• Forex – EUR/USD Up At The End Of U.S. Session
• Neutral On American Medical
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Microsoft To Acquire Skype
• Tower Gains On Higher Revenues
• Philips Launches Therapy Centers
• BofA To Reduce Problem Loans
• U.S. Rig Use Rises By 18 Units
• Forex – EUR/USD Up Toward The End Of U.S. Session
• Tax Fact Of The Day:35 IRS Agents At XOM Full-TIme
• U.S. Markets Close Higher; Dow Jones Up 0.60%
• WPZ Closes Gulfstream Deal
• Southwest Maintained Neutral
• Quest To Settle MediCal Lawsuit
• Forex – GBP/USD Down During The U.S. Session
• More Energy Contracts To Boost ICE
• Earnings Preview: Kohl’s Corp.
• Earnings Scorecard: Phillip Morris
• Earnings Preview: DELL Inc.
• Hot Option Plays: Using The Euro As A Barometer
• Fiat’s Chrysler Stake Raised
• Forex – USD/CAD Down In U.S. Trade
• Forex Trading: EURUSD Extends Range To The Upside For The Day
• Forex – EUR/USD Up In U.S. Trading Hours
• The Strong Bond Between India And Gold

Forex – EUR/USD Down In Asian Trade Posted: 10 May 2011 05:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4403, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4588, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8801 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Short-Term Action Broke Through Resistance Posted: 10 May 2011 04:18 PM PDT Cusick’s Corner The mood in the market is more upbeat. Short-term market action broke through resistance of 1350 on the June S&P500 future which means that this move to the upside might have a fighting chance. Small Cap and Mid Cap stocks have been leading this market’s move higher. Most mergers and acquisitions are happening in the Small and Mid Cap range which has led to some bullish speculation. Most companies in the S&P500 have already reported earnings so traders will now start to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 10 May 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 81.03, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.09, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.03% to hit 1.4414 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Removing Reserve Bank Presidents From The FOMC: Another Bad Idea Posted: 10 May 2011 04:08 PM PDT As if the Dodd-Frank monstrosity weren't bad enough, along comes another bad idea that falls under the category of no good deed goes unpunished. Mr. Frank has now proposed that the Reserve Bank presidents be removed from the FOMC. He apparently wants a more centralized central bank, centralized—guess where?—in Washington, D.C. If he gets his wish, it will destroy an important feature that has contributed to the Federal Reserve's effectiveness. As a reminder, the FOMC, the Federal Open … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allegheny Acquires Ladish Posted: 10 May 2011 03:57 PM PDT Specialty metals productmaker, Allegheny Technologies Incorporated (NYSE:ATI) completed the acquisition of Ladish Co. Inc. for cash and stock of approximately $883 million for expanding its offerings in the aerospace sector. As per the agreement, Ladish investors will receive $24 in cash and 0.4556 of Allegheny's common stock. The deal was finalized pursuant to the terms of an agreement and plan of merger adopted by Ladish shareholders at a special meeting held on May 6, 2011. With the addition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Tellabs Posted: 10 May 2011 03:57 PM PDT We upgrade our recommendation for Tellabs Inc. (NASDAQ:TLAB) to Neutral based on its current valuation. The stock price declined more than 49% last year and is currently trading at the low-end of the 52-week price range. We believe this low valuation level may act as cushion in the near term. In the mean time, Tellabs continues its poor performance. First-quarter 2011 financial results were well below the Zacks Consensus Estimates. The second-quarter 2011 outlook provided by management was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NOC Makes Antenna For B-2 Bomber Posted: 10 May 2011 03:57 PM PDT As part of Increment 2 of the B-2 extremely high frequency (EHF) satellite communications program, Northrop Grumman Corporation (NYSE:NOC) received a $372 million contract from the U.S. Air Force to design the advanced electronically scanned array (AESA) antenna system. Under the terms of contract, the company will complete the preliminary design of the AESA antenna system, demonstrate technology readiness and prove its functionality using hardware prototypes. The new antenna system will increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emergency Text Alert System To Launch In US Posted: 10 May 2011 03:55 PM PDT 05/10/11 The FCC and FEMA will launch a national SMS emergency notification system. The service dubbed PLAN, is scheduled to launch in NYC and D.C. by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 10 May 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7948, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.7817, Thursday&rsquo;s low, and resistance at 0.7973, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.17% to hit 1.3651 and EUR/NZD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TC PipeLines Cut To Neutral Posted: 10 May 2011 03:32 PM PDT We have downgraded pipeline operator TC PipeLines L.P. (NASDAQ:TCLP) units to Neutral from Outperform purely on valuation grounds, as we see limited near-term price upside. Formed in 1998, Calgary, Alberta-based TC PipeLines is a master limited partnership ("MLP"), with interests in four pipeline systems: the Northern Border Pipeline Company (NBPL), the Tuscarora Gas Transmission Company, Great Lakes Gas Transmission, L.P and the North Baja Pipeline, LLC. Recently, the partnership entered into … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fluor JV Wins Aussie Contract Posted: 10 May 2011 03:32 PM PDT A joint venture of Fluor Corporation's (NYSE:FLR) group company Fluor Australia Pty Ltd. and Sinclair Knight Merz (SKM), called the Fluor SKM Joint Venture (FAST JV), has been awarded a contract by BHP Billiton for implementing an Iron Ore Expansion Program of BHP in Western Australia. The work on the project involves expansion of the Jimblebar Mine. In first-quarter 2011, Fluor booked approximately $3 billion for the Jimblebar project and for some other additional work. FAST JV has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Arcelor Mittal, Cisco, Symantec, Toyota; US Trade Balance, EIA Oil Inventories Posted: 10 May 2011 10:20 AM PDT 05/10/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sold HL – $8.64 And Miners Update Posted: 10 May 2011 03:15 PM PDT This is a one hour chart of Hecla Mining Co (HL) which I sold today at $8.64. I was pleased that it rallied up from a low of $7.85 reached 3 days ago and that I was able to just get my account back to all cash.  Also, a couple days ago I bought 120 call options on HL when it was around $8.05 and I sold them all yesterday for a nice gain.  HL was good to me but I am happy to move on, just the same. Click on the chart to ENLARGE This is a 4 hour chart of Direxion Daily Gold Miners … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, May 10, 2011 Posted: 10 May 2011 03:08 PM PDT Stocks rose today with each of the major indexes gaining at least 0.5%. The DJIA, S&P 500, and Nasdaq Composite all closed near their session highs. In addition, both the S&P 500 and Nasdaq Composite spent the entire session in positive territory while the DJIA was only slightly negative at one point during today’s trading session. Market breadth was very positive and investor participation picked up but remains below levels compared to last week when the stock market was experiencing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lindsay Gets New CFO Posted: 10 May 2011 03:02 PM PDT Lindsay Corporation (NYSE:LNN) appointed James (Jim) Raabe as Vice President and Chief Financial Officer of the organization, effective June 13, 2011. Dave Downing, who will be succeeded by James Raabe, will now act as President of international operations. Raabe has served as Senior Vice President and Chief Financial Officer of Select Comfort Corporation for the past twelve years. Prior to Select Comfort Corporation, he also worked with ValueRx, Inc. and KPMG LLP, in various positions. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP To Serve Australian Taxation Posted: 10 May 2011 03:02 PM PDT Hewlett-Packard Company (NYSE:HPQ) recently clinched a five-year services deal with the Australian Taxation Office (ATO). The deal has been valued at $500.0 million. The ATO administers the Australian taxation system and is the principal revenue collection agency for the Government. As per the deal, HP's Enterprise Services unit will offer centralized computing support to the ATO. HP's service will include Data Center services, which will upgrade the ATO's existing data center facilities, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hawaiian Electric Up On Revs Posted: 10 May 2011 03:02 PM PDT Hawaiian Electric Industries Inc. (NYSE:HE) announced first-quarter 2011 operating earnings of 30 cents per share, missing the Zacks Consensus Estimate of 31 cents. However, reported earnings were a penny above the year-ago earnings of 29 cents. Operating Statistics Total revenue at the end of the first quarter was $710.6 million versus $619 million in the year-ago quarter, reflecting growth of 14.8%. Reported results also came higher than the Zacks Consensus Estimate of $653 million. Hawaiian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cliffs Restarts Mining At Oak Grove Posted: 10 May 2011 03:02 PM PDT Cliffs Natural Resources Inc. (NYSE:CLF) announced that it has resumed underground mining at its Oak Grove coal mine in Alabama but was not  able to ship coal from the site because of damage to the above-ground facilities. On April 27, 2011, severe weather and a tornado had snapped power and damaged the mine's preparation plants, resulting in the shutdown of the mine. Due to the severe damage to the mine, the company is evaluating the damage to the preparation plant, the impact on its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Unbearable Lightness Of Being Mitt Posted: 10 May 2011 02:57 PM PDT One of my regrets in life is losing the chance to debate Mitt Romney and whip his ass.   It was the fall of 2002. Mitt had thundered into Massachusetts with enough money to grab the Republican nomination for governor. Meanwhile, I was doing my best to secure the Democratic nomination. One week before the Democratic primary I was tied in the polls with the state treasurer, according to the Boston Herald — well ahead of four other candidates. But my campaign ran out of cash. Despite pleas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, May 10 Special Alert Short Candidates Posted: 10 May 2011 02:57 PM PDT From the list of stocks we posted on Monday, May 2, 2011 as potential candidates to sell short we covered the short in North American Palladium Ltd. (symbol: PAL) (see prior short candidates blog post from this morning) at the intra-day price of $4.56 today. PAL was down big today after it lowered its forecast going forward. From the open price on Monday, May 2, 2011 the short position in PAL was added at $6.38 and returned 28.5% in 8 days. In addition, as we mentioned in last nights short … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Share Buyback From CME Posted: 10 May 2011 02:27 PM PDT Yesterday, the board of CME Group Inc. (NASDAQ:CME) announced the approval and authorization of a new share repurchase program worth $750 million of common stock. Accordingly, shares will be bought back from time to time over the next 12 months, depending on market conditions. Over the last few quarters, CME has been posting strong trading volumes, which have also helped strengthen the cash flow and capital position. Hence, CME is dedicatedly working to expand its operations and simultaneously … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Textron Wins Defense Contract Posted: 10 May 2011 02:27 PM PDT Textron Inc. (NYSE:TXT) announced that its unit AAI Test & Training received three separate contract modifications from the U.S. Air Force for production of the Joint Service Electronic Combat Systems Tester ("JSECST"). As per the contracts, the Textron unit will produce 32 JSECST systems valued at $11.5 million. The JSECST system enables Defense personnel to swiftly and precisely test electronic warfare and avionics systems for mission readiness. The 32 new JSECST will be delivered to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesday’s Stocks To Watch And Trading Ideas Posted: 10 May 2011 02:18 PM PDT  ( click to enlarge ) I think today’s price action in FORM’s stock gave more good signals, which could be the start of a bigger move. FormFactor, Inc. (NASDAQ:FORM) reacted very well to the 50 days SMA support, volume has increased and the candlestick pattern is a reversal one. If the stock can break the highs of April, we should see a strong follow through move. This move would break the trading range and should drive the stock back towards highs. The technical chart above looks really … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Silver Lining To Last Week’s Selloff? Posted: 10 May 2011 02:17 PM PDT By Chris Johnson, Contributor NEW YORK (SmartStops) — Despite increasing margin rates in silver futures contracts four times over the past couple months, Kim Tyler, president of CME Clearing, said the margin increases were not responsible for the slide. Silver dropped nearly 30% last week, more than any other commodity, and traders are blaming the margin hikes, as the CME kept raising the margin requirements on the precious metal. Tyler went on to say: "The market is well tuned so that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allscripts Beats Squarely Posted: 10 May 2011 02:02 PM PDT Allscripts Healthcare Solutions (NASDAQ:MDRX), a leading player in the health care information technology ("HCIT") market, reported first quarter adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 18 cents, beating the Zacks Consensus Estimate of 17 cents. Reported net income for the quarter was $12.6 million (6 cents per share) compared with $18.6 million (12 cents per share) in the year-ago period, a roughly 32% decline. On August 24, 2010, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LPX Losses & Sales Improve Posted: 10 May 2011 02:02 PM PDT Louisiana-Pacific Corporation (NYSE:LPX) reported a loss of $23 million or 18 cents per share from continuing operations for the first quarter of 2011. The loss remained unchanged year over year at 18 cents, driven by lower tax benefit rate in 2011 despite an overall satisfactory performance by the company. However, the realized loss was lower than the Zacks Consensus Estimate of a loss of 11 cents per share. Net sales for the quarter were up 12% to $332 million from $297 million in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Disney Misses On Both Sides Posted: 10 May 2011 02:02 PM PDT Walt Disney Co. (NYSE:DIS) reported fiscal 2nd quarter earnings after the bell today. The entertainment behemoth posted a horror flick on earnings — a negative surprise of 14.3% — and a serious drama on the revenue side. Disney’s 49 cents per share in the quarter was well below the Zacks Consensus Estimate of 57 cents. The company made $9.08 billion in revenue, down a bit from the expected $9.13 billion. Disney’s Q2 earnings made a penny more than the year-ago quarter, and revenues are up 5.9% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: MSFT, WEN, BSX, FOSL Posted: 10 May 2011 02:00 PM PDT 05/10/11 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 – EUR/USD Up At The End Of U.S. Session Posted: 10 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4411, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8804 and EUR/JPY rising 0.94% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On American Medical Posted: 10 May 2011 01:42 PM PDT We maintain our Neutral recommendation on leading pelvic-health devices maker American Medical Systems (NASDAQ:AMMD). Its first-quarter fiscal 2011 earnings of 33 cents per share beat the Zacks Consensus Estimate of 30 cents. Both revenues and profit rose roughly 4% year over year on the back of higher sales from the Minnesota-based company's men's health and women's health businesses, assisted by a healthy contribution from its international operation. Sales (of $140.8 million) for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 10 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.85, up 0.60% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 80.93, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.31% to hit 1.4410 and GBP/USD falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Microsoft To Acquire Skype Posted: 10 May 2011 01:32 PM PDT Microsoft Corp (NASDAQ:MSFT) announced that it has entered into a definitive agreement for the acquisition of Skype for $8.5 billion in cash. The boards of directors of Microsoft and Skype have approved the deal and the two companies expect to obtain regulatory approval before year’s end. Skype will operate as a separate business division and its CEO Tony Bates will remain at the helm, reporting directly to Microsoft CEO Steve Ballmer. A number of companies, including Google Inc (NASDAQ:GOOG) and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tower Gains On Higher Revenues Posted: 10 May 2011 01:32 PM PDT Tower Group Inc.'s (NASDAQ:TWGP) first quarter 2011 operating income of 49 cents per share beat the Zacks Consensus Estimate by 3 cents and also grew 69% year over year. Better-than-expected results came on the back of higher revenues. Earnings were also aided by a lower share count due to share buybacks. However, the quarter's operating income was impacted by unusually severe weather-related claims. After-tax losses from these events amounted to $9.8 million or $0.23 per share, slightly less … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Philips Launches Therapy Centers Posted: 10 May 2011 01:32 PM PDT Royal Philips Electronics (NYSE:PHG) and IBA Group have agreed to create patient-centric proton therapy centers. This is very crucial for development of oncology solutions for caregivers, patients and their families who are in stressful situations. The IBA-Philips proton center concept is the first of its kind, and is being developed for the Middle East market, with plans to expand globally. IBA develops technologies, pharmaceuticals and tailor-made solutions for healthcare with a focus on cancer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA To Reduce Problem Loans Posted: 10 May 2011 01:32 PM PDT On Monday, Financial Times reported that Bank of America Corporation (NYSE:BAC) plans to slash its current $850 billion troubled homeloan portfolio by about 50% over the next three years. This was stated by Terry Laughlin, who is heading the company's mortgage modifications and foreclosure programs. BofA's primary strategy is to address problems related to the housing crisis and the company's purchase of Countrywide Financial. The company had acquired Countywide in early 2008. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Rig Use Rises By 18 Units Posted: 10 May 2011 01:32 PM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs. Interestingly, for the third week in a row there continues to be more rigs drilling for oil than gas – the first time this has happened since 1995 – as companies look to capitalize on soaring oil prices, which are currently trending at around $100 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 10 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4404, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8804 and EUR/JPY rising 0.88% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tax Fact Of The Day:35 IRS Agents At XOM Full-TIme Posted: 10 May 2011 01:24 PM PDT On a blogger conference call yesterday with API and ExxonMobil, Jaime Spellings,Vice President and General Tax Counsel for ExxonMobil said: “And the IRS – we have a permanent team of 35 IRS agents who live here year-round.You know, we accommodate them, we deal with them every single day.” Seems like that would pretty much guarantee that ExxonMobil pays “its fair share of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.60% Posted: 10 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.60%, the S&P 500 index gained 0.81%, while the Nasdaq 100 index climbed 0.85%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 1.13%; Germany&rsquo;s DAX gained 1.23%; Britain&rsquo;s FTSE 100 climbed 1.28%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPZ Closes Gulfstream Deal Posted: 10 May 2011 12:57 PM PDT Williams Partners L.P. (NYSE:WPZ) announced the completion of the deal under which it acquired stakes in the Gulfstream interstate gas pipeline system from its parent, Williams Companies (NYSE:WMB). The acquisition cost Williams Partners $330 million, including $297 million in cash and $33 million in WPZ limited-partner and general-partner units. The pipeline operator financed the cash portion of the transaction with its revolving credit facility. Last month, the partnership announced its plan to buy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southwest Maintained Neutral Posted: 10 May 2011 12:57 PM PDT We are maintaining our long-term Neutral recommendation on the largest U.S. low-cost carrier Southwest Airlines (NYSE:LUV) following its first quarter 2011 results. The stock retains the Zacks # 3 Rank (Hold).  Southwest Airlines delivered strong results in terms of revenue and traffic growth that largely compensated higher fuel expenses. First quarter earnings were in line with the Zacks Consensus Estimate as well as the year-ago numbers. The drop in demand caused by the massive earthquake … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quest To Settle MediCal Lawsuit Posted: 10 May 2011 12:57 PM PDT Leading diagnostics player Quest Diagnostics (NYSE:DGX) has entered an agreement to settle a civil lawsuit associated with California's Medicaid program, MediCal. The company has agreed to pay $241 million against the allegation that it failed to comply with California’s “comparable charge” regulations, thereby overpaying for its tests. Quest has also agreed to provide pricing details for a limited period and also a discount to MediCal until July, 2012. As a result of this in-principle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 10 May 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6359, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, Monday&rsquo;s low, and resistance at 1.6544, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.55% to hit 0.8805 and GBP/JPY rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Energy Contracts To Boost ICE Posted: 10 May 2011 12:32 PM PDT On Monday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 49 global over-the-counter (OTC) cleared energy products from May 23, 2011. Along with the products announced yesterday, ICE will now be offering over 470 OTC energy contracts, including more than 375 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. Accordingly, the energy contracts include global oil and refined petroleum products along with North American natural gas and power. ICE … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Kohl’s Corp. Posted: 10 May 2011 12:32 PM PDT Kohl's Corp.(NYSE:KSS) is scheduled to announce its first quarter 2011 results on May 12, 2011, and we see limited revisions in analyst estimates at this point.  Currently, the Zacks Consensus Estimate is 72 cents per share and sales estimate is around $4,258 million. Fourth Quarter Overview Kohl's fourth quarter earnings increased 18.6% from the year-ago period. The year-over-year profits were primarily driven by improved merchandise margins, strong inventory management and successful … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Phillip Morris Posted: 10 May 2011 12:32 PM PDT On April 22, 2011, cigarette manufacturer and marketer Phillip Morris International Inc. (PM) announced its financial results for the first-quarter of fiscal 2011. Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Review Phillip Morris reported first-quarter 2011 results earnings per share, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: DELL Inc. Posted: 10 May 2011 12:32 PM PDT Dell Inc. (NASDAQ:DELL) is scheduled to announce its first quarter 2012 results on May 17, 2011 and the modest revision in estimates reflects changes in the company's business prospects. Fourth Quarter Overview The company reported decent fourth quarter results, with both earnings per share (EPS) and revenues increasing from the year-ago quarter. Revenues for the fourth quarter were $15.7 billion, up 5.0% from $14.9 billion reported in the year-ago quarter. Revenue growth was driven by an upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Using The Euro As A Barometer Posted: 10 May 2011 12:18 PM PDT Cusick’s Corner The market bounced this morning after a brief breach of support, 1340 level for the June S&P and 134 level for the SPY; back up on a weak Buck and the promise of continual economic growth. The short-term market action needs to break current resistance, 1350 on the June future, if the upside is going to have a fighting chance. The currency to watch is the Euro, FXE, this has been the barometer of how oil and the market has been trending. If risk in the PIIGS nations further … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fiat’s Chrysler Stake Raised Posted: 10 May 2011 12:12 PM PDT Italy's Fiat SpA (FIATY) announced that it can raise its ownership stake in Chrysler Group LLC up to more than 70% after repayment of government loans and exercising options. The Italian automaker currently has 30% stake in Chrysler. Chrysler owes about $7.5 billion in loans to the U.S. and Canada governments. It intends to repay the loans by June this year. As part of Chrysler's bailout deal in 2009, the U.S. Treasury bestowed management control of the company to Fiat as well as a 20% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 10 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9582, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.9569, Thursday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.29% to hit 1.4407 and GBP/USD falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Extends Range To The Upside For The Day Posted: 10 May 2011 12:06 PM PDT The EURUSD has extended the range to the upside, breaking above the ceiling and the 38.2% retracement of the move down from Friday. This is simply a minor hurdle for the correction, but should lead to further upside momentum. The next target becomes he 1.4420 level and then the 1.4444 level which is the high from yesterday.  The 1.4375-80 level is now support for bulls. A move back below this level would be indicative of continued apathy with the upside potential for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 10 May 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4388, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8804 and EUR/JPY rising 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Strong Bond Between India And Gold Posted: 09 May 2011 10:00 PM PDT Casey Research's BIG GOLD newsletter recently published a great interview that I'd like to share with you. BIG GOLD editor Jeff Clark interviewed Shanta, the mother of U.S. Global consultant and longtime friend Jayant Bhandari, on how strong the cultural bond between gold and Indians is, especially women. Take a look. When a Gold Necklace Isn't Jewelry Jeff Clark, BIG GOLD When it comes to supply and demand, what you've been told about gold jewelry is wrong. That's a strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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