Monday, May 23, 2011

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

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

Forex – EUR/USD Down In Asian Trade

Posted: 23 May 2011 05:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4021, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8718 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 23 May 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.95, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 80.94, Wednesday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.16% to hit 1.4025 and GBP/USD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gen-Probe Files For PANTHER

Posted: 23 May 2011 03:55 PM PDT

Diagnostic products maker Gen-Probe Inc (NASDAQ:GPRO) has submitted a 510 (k) application to the U.S. Food and Drug Administration ("FDA") for the PANTHER system, its fully automated molecular testing platform designed to address a vast spectrum of testing needs. The company received the European CE mark for the instrument in December 2010.  
Gen-Probe has developed several assays designed to run on the PANTHER system. These include the company's market-leading chlamydia and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon To Expand 4G LTE Network

Posted: 23 May 2011 03:55 PM PDT

05/23/11 Verizon wireless will offer its 4G LTE network service, in more mid-sized markets across the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Decreases In Manufacturing’s Share Of GDP And Employment Are A Result Of Increasing Productivity

Posted: 23 May 2011 03:36 PM PDT

From the paper “Assessing NAFTA – Part II: The Impact of NAFTA on Jobs, Wages, and Income Inequality,” by Victoria Hottenrott (University of Heidelberg) and Stephen Blank (Pace University):

“The reason for the decline in the share of manufacturing in U.S. GDP is that the composition of domestic spending has shifted away from manufactured goods. In 1970, U.S. residents spent 46 percent of their outlays on goods (manufactured, grown, or mined) and 54 percent on services and construction. By … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Roche Advances On NSCLC Drug

Posted: 23 May 2011 03:35 PM PDT

Roche Holdings Ltd. (RHHBY) recently reported positive results from a mid-stage study (OAM4558g) of MetMAb, in patients with previously treated advanced non-small cell lung cancer (NSCLC). MetMAb is an investigational antibody designed to target Met, a protein (or receptor) associated with a poor outcome in many cancers.
The study compared MetMAb plus Tarceva (erlotinib) to placebo plus Tarceva in patients with previously treated advanced NSCLC. The study results demonstrated that patients … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reaffirming Abiomed At Neutral

Posted: 23 May 2011 03:35 PM PDT

We reiterate our Neutral recommendation on cardiac assist devices maker Abiomed (NASDAQ:ABMD). The company's fourth quarter and full-year fiscal 2011 results beat the Zacks Consensus Estimates. Revenues for both the periods surged at a healthy double-digit clip, buoyed by solid contribution from its Impella cardiac pumps.  
However, the Massachusetts-based company swung to a loss in the fourth quarter as the prior-year quarter's results were bolstered by gains on sale of its stake in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG’s ILFC Raises $2.25B

Posted: 23 May 2011 03:35 PM PDT

American International Group Inc.'s (NYSE:AIG) aircraft leasing unit, International Lease Finance Corp. (ILFC), announced the issuance of notes worth $2.25 billion in a two-part offering.
Accordingly, one part of senior unsecured notes is valued at $1.0 billion. These notes were issued at a price of $100.00 and dated to mature on May 15, 2016.  These five-year fixed rate notes are projected to have a spread of 393 basis points (bps) over the US Treasuries, bearing a fixed interest and yield … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 23 May 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7899, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.7849, Wednesday&rsquo;s low, and resistance at 0.8000, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.10% to hit 1.3305 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Saving Medicare With Free Market Reforms

Posted: 23 May 2011 03:22 PM PDT

Video

Posted: 23 May 2011 03:20 PM PDT

The Day Ahead: US New Home Sales, Richmond Fed Business Activity Survey, Boeing Investor Meeting

Posted: 23 May 2011 10:20 AM PDT

05/23/11 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

Hot Option Plays: Risk Off Continues

Posted: 23 May 2011 03:17 PM PDT

Cusick’s Corner
Risk off trade continued into the After Hours and there was no real pressure on the shorts. Finance, XLF, is not a sector where we want to see any weakness if this market is going to get some potential legs to the upside. Bonds, TLT, may be on the move higher today, but I will be watching the 94 level for a break which would be a good indicator of the risk averse trade abating. Weakness, both domestically and internationally, is on the minds of all market participants and this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good News For Bristol-Myers

Posted: 23 May 2011 03:10 PM PDT

Bristol-Myers Squibb Company (NYSE:BMY) received a boost when its blood-thinner Eliquis (apixaban) was cleared by the European Commission (EC) in 27 nations of the European Union (EU) for preventing venous thromboembolic events (VTE) in adults who have undergone elective hip or knee replacement surgery.
The approval by the EC is the first approval for Eliquis, a new oral direct factor Xa inhibitor. Bristol-Myers has co-developed the drug with Pfizer (NYSE:PFE). The approval was based on ADVANCE-2 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Monday, May 23, 2011

Posted: 23 May 2011 03:07 PM PDT

The selling continued today from where it left off on Friday with each of the major indexes (DJIA, S&P 500, and Nasdaq Composite) declining at least 1.1%. Market breadth was negative and investor participation in some areas was comparable to Friday’s levels which was an options expiration session where trading activity is usually high. This indicates investors were lightening their exposure to equities today. Staying with the trend we are lowering the support and resistance levels on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHMP Backs Biogen’s Fampyra

Posted: 23 May 2011 03:05 PM PDT

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMEA) recently issued a positive opinion regarding the conditional approval of Biogen Idec's (NASDAQ:BIIB) Fampyra. Biogen is seeking approval for the use of Fampyra (fampridine) for improving walking ability in adult patients with multiple sclerosis.
The CHMP's positive opinion comes as a surprise as earlier this year the committee had recommended against the approval of Fampyra. Biogen had subsequently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VeriSign Settles CFIT Lawsuit

Posted: 23 May 2011 03:05 PM PDT

VeriSign Inc. (NASDAQ:VRSN) recently resolved its five-year long lawsuit with Coalition for ICANN Transparency Inc. (CFIT) by entering into a Settlement Agreement and Mutual Release.
Under the agreement, both the parties dropped their claims against each other. Further, no monetary payment was required for the settlement of the dispute. This settlement also eliminated the fear of unfavorable outcome amongst the investors.
The lawsuit alleged that VeriSign had obtained the contract from Internet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BMC Bundles A Bunch Of Deals

Posted: 23 May 2011 03:05 PM PDT

BMC Software Inc. (NYSE:BMC) ended last week on a high note with four consecutive deal wins in its kitty.
ITS InfoCom, an Information Technology (IT) solution provider, deployed BMC Software's Remedy IT Service Management (ITSM) Suite. ITS InfoCom provides its customers with integrated IT service solutions to help them better manage their businesses. Leveraging BMC Software's ITSM suite, the company will now be able to better manage its own computing system and provide improved services to its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tuesday’s Stocks To Watch, May 24

Posted: 23 May 2011 03:00 PM PDT

( click to enlarge )

CF Industries Holdings, Inc. (NYSE:CF) – Massive high volume spike today, breaking out of multi-month consolidation. Looking for $143.32 to hold.  If so, the stock could make a push for $152-154 without much resistance. Technical Indicators are supporting the bulls. RSI is moving up and above its 50% level. MACD is positive and above the signal line. Buy CF only above $147.96 with a stop loss of $137.88 for the short term targets of 152 and 154.10.

 ( click to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Rolls Out New Solutions

Posted: 23 May 2011 02:35 PM PDT

Technology solutions provider NCR Corp. (NYSE:NCR) recently unveiled the latest iteration of its APTRA Cash Connect software.
APTRA Cash Connect software offers both online or offline connectivity to Teller Automation Units (TAU) such as cash recyclers, cash dispensers and coin dispensers. More than 700 banks in more than 40 countries around the world run APTRA Cash Connect, making it the most popular TAU software globally.
The recent 6.0 version of the software enables financial institutions and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jones Lang LaSalle Gets Awarded

Posted: 23 May 2011 02:35 PM PDT

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), has recently been adjudged as the best overall provider of corporate real estate services by the Watkins 2011 Survey of Corporate Real Estate Service Providers.
The Watkins Survey is widely recognized as the industry standard for gauging the motivation for hiring a corporate real estate firm, and the level of performance satisfaction realized by public and privately-held corporations with the service.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow’s Omega-9 Shows Results

Posted: 23 May 2011 02:35 PM PDT

The Dow Chemical Company's (NYSE:DOW) wholly owned subsidiary Dow AgroSciences' Omega-9 Oils helped in removing over 1 billion pounds of saturated and trans fats from the North American diet.
Omega-9 Oils was launched by the company in 2006 when there was a rising need to remove trans fats from the diet. Its introduction exercised quite a beneficial and nutritional effect on the food industry.
Omega-9 Oils are the next generation of healthier oils for both foodservice and food processing. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VCRT Q1 Financial Results

Posted: 23 May 2011 02:06 PM PDT

Brian Marckx, CFA
Q1 2011 Financial Results

Vicor Technologies, Inc. (VCRT) filed its 10-Q for the first quarter ending March 31, 2011 on May 16, 2011.  Revenue of $168k was slightly ahead of our $156k estimate.  The components of revenue (system placements versus testing revenue) were not disclosed in the filing, nor was the total installed base.  We estimate that the installed base grew by about 25 units during Q1 to approximately 77 units.  Of note was that gross margin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s More Confident Of AmEx

Posted: 23 May 2011 02:05 PM PDT

On Friday, Moody's Investor Service of Moody's Corp. (NYSE:MCO) raised its ratings outlook on American Express Co. (NYSE:AXP) (AmEx) and its subsidiaries to 'stable' from 'negative.' The rating agency also affirmed its status on the company's debt.
Accordingly, Moody's avowed its "A3" rating on AmEx's long-term debt, placing it at an upper-medium level of the investment grade. Besides, the company's short-term debt is maintained at "P-2", which is placed at the middle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Symantec To Acquire Clearwell

Posted: 23 May 2011 02:05 PM PDT

The leading computer security company, Symantec Corp. (NASDAQ:SYMC) recently declared its intention of acquiring privately held legal discovery solutions provider Clearwell Systems Inc. for $390.0 million.
The acquisition will enable Symantec to expand its end markets and open up the opportunity of cross selling its backup and security products. The payout will be made after deducting Clearwell’s $20.0 million cash balance from the purchase price.
The acquisition is expected to increase Symantec’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: KKD, SNE, LNKD

Posted: 23 May 2011 02:00 PM PDT

05/23/11 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 Down At The End Of U.S. Session

Posted: 23 May 2011 01:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4049, down 0.76% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8713 and EUR/JPY falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Definitely A Duck

Posted: 23 May 2011 01:51 PM PDT

(Image: source.)
If it looks like a duck, swims like a duck, and quacks like a duck, then it’s probably a duck, right?
Then consider the following [italics mine]:
“U.S. Commercial Real Estate Prices Decline to Post-Crash Low, Moody's Says” (Bloomberg)
U.S. commercial property prices fell to a post-recession low in March as sales of financially distressed assets weighed on the market, according to Moody's Investors Service.
The Moody's/REAL Commercial Property Price Index dropped 4.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Advance Auto Reports Flat Profits

Posted: 23 May 2011 01:46 PM PDT

Advance Auto Parts Inc. (NYSE:AAP) reported a profit of $109.6 million in the first quarter of fiscal 2011, which was flat compared with $109.4 million in the same quarter of prior fiscal year.
However, on per share basis, earnings improved 13% to $1.35 from $1.19 a year ago due to a decline in average shares outstanding to 81.0 million from 91.5 million in the first quarter of fiscal 2010. The auto parts retailer missed the Zacks Consensus Estimate by 4 cents per share.
The company maintained its … [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: 23 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.99, up 0.34% at time of writing.<br/><br/> The pair was likely to find support at 80.94, Wednesday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.75% to hit 1.4051 and GBP/USD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge Slips To Underperform

Posted: 23 May 2011 01:35 PM PDT

We have downgraded Merge Healthcare (NASDAQ:MRGE) to Underperform with a target price of $5.25.
Merge reported an adjusted EPS of 3 cents in the first quarter of fiscal 2011, below the year-ago quarter's 5 cents. Although revenues were $52.7 million for the quarter, formidably up from the year-ago quarter's revenue of $20 million, this is not comparable since the reported quarter included revenues from AMICAS, subsequent to its acquisition on April 28, 2010. However, revenues were higher than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BNY Mellon To Hire In Brazil

Posted: 23 May 2011 01:35 PM PDT

On Friday, Bloomberg reported that Mr. Zeca Oliveira, the Brazilian unit head of Bank of New York Mellon Corporation (NYSE:BK) stated the company's plan to hire nearly 100 people in the country. The announcement was made in an interview to the news agency.  This is a part of the company's strategy to expand its operations in Brazil.
Currently, BNY Mellon Servicos Financeiros DTVM SA, the company's Brazilian unit, administrates funds of other managers. By the end of first half of 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Mortgage Lending Course For Real Estate Agents In Raleigh Area

Posted: 23 May 2011 01:25 PM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 23 May 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4054, down 0.73% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8718 and EUR/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crushed By Cotton

Posted: 23 May 2011 01:17 PM PDT

By Raghu Gullapalli, contributing writer, SmartStops.net
Last week was very rocky for clothing retailers, Ralph Lauren, Aeropostale and almost cataclysmic for the Gap.
The Gap (NYSE:GPS), which is the 800 pound gorilla in the clothing retail space, presented poor earnings and cut its outlook for the rest of the year. During their conference call, it became clear that the retailer has been having a hard time managing the margin squeeze caused by the spike in
commodity prices, particularly cotton. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Funny Thing Happened On The Way To A USDA Rural Development Mortgage In Raleigh

Posted: 23 May 2011 01:12 PM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Lower; Dow Jones Down 1.05%

Posted: 23 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 1.05%, the S&P 500 index shed 1.19%, while the Nasdaq 100 index declined 1.47%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 2.10%; Germany&rsquo;s DAX shed 2.00%; Britain&rsquo;s FTSE 100 declined 1.89%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liberty Media To Buy Barnes & Noble

Posted: 23 May 2011 01:05 PM PDT

Liberty Media Corp. (NASDAQ:LINTA) recently announced its intention of acquiring the leading chain of bookstore in the U.S, Barnes & Noble (NYSE:BKS) for a cash consideration of $17 per share.  
Liberty Media expects to diversify its operations through the acquisition of Barnes & Noble. Liberty Media has cash reserves of more than $3 billion and the company plans to utilize the abundant cash in purchasing assets of different companies. 
On the other hand, Barnes & Noble boasts a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: TiVo Inc.

Posted: 23 May 2011 12:55 PM PDT

TiVo Inc. (NASDAQ:TIVO) is scheduled to announce its first quarter 2012 results on May 24, 2011. In the run-up to the first quarter earnings, there are no major variations in analysts' estimates.
Prior Quarter Recap
TiVo Inc. reported a loss of 30 cents per share in the fourth quarter of 2011, falling short of the Zacks Consensus Estimate of a loss of 28 cents.
Revenues decreased 18.7% year over year to $55.8 million in the fourth quarter. However, total revenue was marginally above the Zacks … [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: 23 May 2011 12:50 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6114, down 0.72% at time of writing.<br/><br/> The pair was likely to find support at 1.6089, today&rsquo;s low, and resistance at 1.6304, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8720 and GBP/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Medtronic

Posted: 23 May 2011 12:35 PM PDT

Leading medical devices company Medtronic (NYSE:MDT) is expected to report its fourth quarter and fiscal 2011 results before the market opens on May 24, 2011. The company is expected to earn an EPS of 93 cents on revenues of $4.286 billion during the quarter and $3.40 on revenues of $15.925 billion, according to the Zacks Consensus Estimate.
Barring the first quarter of fiscal 2011, Medtronic has surpassed expectations for the trailing four quarters, though marginally. The four-quarter positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Failures Creep Up To 43

Posted: 23 May 2011 12:35 PM PDT

Bank failures continue with no end in sight. Last Friday, U.S. regulators closed down three more banks, taking the total number to 43 so far in 2011. Two among the recently failed banks were based in Georgia and the other was in Washington. Looking back, there were 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
No doubt, the ongoing economic recovery has worked favorably for some bigger banks that have shown clear signs of stabilization. But many smaller banks are still tottering on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Campbell Soup Just Beats

Posted: 23 May 2011 12:35 PM PDT

Campbell Soup Co. (NYSE:CPB) reported fiscal 2011 third-quarter adjusted earnings of 57 cents per share, beating the Zacks Consensus Estimate of 52 cents a share and year-ago results of 54 cents per share.
Campbell's net sales during the quarter increased by 1.0% year over year to $1,813 million, marginally beating the Zacks Consensus Estimate of $1,811 million. The increase was primarily the result of a 2% spike in price and sales allowances and favorable currency translations of 2%, partially … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Sapien Data From Edwards

Posted: 23 May 2011 12:10 PM PDT

Edwards Lifesciences (NYSE:EW) recently presented positive data on 2,300 patients enrolled in the post-market European SOURCE Registry. It was observed that the clinicians achieved success after one-year in patients (deemed unfit for surgery) treated with the Sapien valve. Data obtained from the patients since November 2007 were presented at EuroPCR 2011.
Although the mortality rate was high in many of these patients, survival rates remained at the higher side – 76% in the 1,038 patients treated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 23 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9772, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 0.9642, Friday&rsquo;s low, and resistance at 0.9811, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.71% to hit 1.4057 and GBP/USD falling 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHMP Backs Benlysta

Posted: 23 May 2011 12:05 PM PDT

Recently, Human Genome Sciences Inc. (NASDAQ:HGSI) received encouraging news when the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommended approval of its lupus drug, Benlysta in the European Union. Benlysta, which has blockbuster potential, has been co-developed by Human Genome with GlaxoSmithKline (NYSE:GSK).
CHMP has recommended approval of the drug in the EU as an additional therapy in adults suffering from active autoantibody-positive systemic lupus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 23 May 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4060, down 0.69% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8728 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURCHF Back Above The 1.2400-06 Level

Posted: 23 May 2011 11:39 AM PDT

The EURCHF reached new all time lows below the old low at 1.2400 level today. The price extended to new lows at the 1.2321 level but has recently clawed it's way back above the 1.2400 level. Stay above and the shorts may feel inclined to cover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Johnson And Saft To Part Ways

Posted: 23 May 2011 11:35 AM PDT

Johnson Controls Inc. (NYSE:JCI) has taken a legal action in the Delaware Chancery Court to dissolve its 5-year joint venture with French battery maker Saft Groupe SA due to a "fundamental disagreement" about the direction and scope of the joint venture. However, Saft has opposed to its partner's move, failing to understand the legitimate grounds for the dissolution.
The Johnson Controls-Saft Advanced Power Solutions joint venture was formed in January 2006 to develop, manufacture and sell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gas Prices Lower TodayThan A Month Ago

Posted: 23 May 2011 11:34 AM PDT

The chart above from GasBuddy.com shows that the national average gas price of $3.83 per gallon today (May 23) is slightly below the price a month ago of $3.84 on April 24. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish Speculator Hits The Mark With Cheniere Energy Strategy

Posted: 23 May 2011 11:29 AM PDT

Bullish speculator hits the mark with Cheniere Energy strategy
Today's tickers: LNG, WMB, KKD & LVS
(LNG) – Cheniere Energy, Inc. – How much would you be willing to pay for call options with five months to expiration to gain the right to buy a $7.74 stock for $12.00 a share? In the case of Cheniere Energy, one bullish strategist was willing to pay an average of $0.82 per contract, a total price tag of approximately $1.64 million, for some 20,000 September $12 strike calls back on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron Contracts To AusGroup

Posted: 23 May 2011 11:26 AM PDT

The Australian unit of Chevron Corporation (NYSE:CVX) awarded a major pipe stool manufacturing contract to AusGroup for the Gorgon liquefied natural gas (LNG) project. The value of the deal has been estimated at approximately A$50 million. The contract, covering a time frame of 18 months, will commence in the second half of 2011.
Singapore listed AusGroup will execute the deal through its subsidiary AGC Industries Pty Ltd. The scope of the work involves receiving material, fabrication, storage as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron Contracts To AusGroup

Posted: 23 May 2011 11:26 AM PDT

The Australian unit of Chevron Corporation (NYSE:CVX) awarded a major pipe stool manufacturing contract to AusGroup for the Gorgon liquefied natural gas (LNG) project. The value of the deal has been estimated at approximately A$50 million. The contract, covering a time frame of 18 months, will commence in the second half of 2011.
Singapore listed AusGroup will execute the deal through its subsidiary AGC Industries Pty Ltd. The scope of the work involves receiving material, fabrication, storage as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equity One Prices Secondary Offering

Posted: 23 May 2011 11:26 AM PDT

Equity One Inc. (NYSE:EQY), a real estate investment trust (REIT) that owns, manages and develops neighborhood and community shopping centers in the U.S., has recently priced its equity offering of 5.0 million common shares at $19.42 each. The company will also grant the underwriters an option to purchase an additional 0.75 million shares to cover any over-allotments.
At the same time, MGN (USA), Inc., an entity affiliated with Equity One's largest stockholder, has agreed to purchase directly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Bell Remains Neutral

Posted: 23 May 2011 11:26 AM PDT

We are maintaining our long-term Neutral recommendation on Cincinnati Bell Inc. (NYSE:CBB) supported by the Zacks # 3 (Hold) Rank.
First quarter 2011 earnings surpassed the Zacks Consensus Estimate but were below the year-ago earnings. The company's Data Center Colocation and IT Services and Hardware segments are doing well while Wireline and Wireless segments are the underperformers.
In the wireline business, the company's Fioptics products are gaining popularity since their introduction in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: How Many Chops Does It Take To Bring The Market Down?

Posted: 23 May 2011 11:18 AM PDT

Cusick’s Corner
The elements that we discussed all last week came together on the open – the EU has a continuing debt crisis and China’s slowdown is creating momentum to the downside. Two sectors that appear to be under the most pressure right now are Crude and Euro Currency which is putting even more pressure on those who are strong longs. I am watching the short trade closely to see if the shorts get too crowded, they might get possibly spooked if a bid comes in for an afternoon squeeze. Also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHF/JPY Anchoring A Channel With Resistance At 93.50; Wave Equality Targets 89.30

Posted: 23 May 2011 11:15 AM PDT

Explosion of Swissie Strength on a Friday (5/20)
CHF/JPY

Short-Term to Medium Term- The CHF/JPY has a chance to continue in an ABC corrective structure from the current high at 93.50. Before a wave equality target at 89.30, the market faces a couple of important support levels in the short-term.
- The 4H chart shows a sharp rejection at 93.50, 78.6% retracement of the previous downswing.
- The first important support is at the 91.40 level, 61.8% retracement of the rally from 90.15 to 93.50. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 23 May 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0528, down 1.24% at time of writing.<br/><br/> The pair was likely to find support at 1.0479, today&rsquo;s low, and resistance at 1.0711, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.55% to hit 1.3356 and AUD/JPY falling 1.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Above The 200 Bar MA With 1.4072 And 1.4112 Targets Now

Posted: 23 May 2011 11:07 AM PDT

OK…the price in the EURUSD has moved above the 200 bar MA on the 5 minute chart we have been watching today. That is the good news. The bad news is the momentum on the break is not really stellar. Nevertheless, the price ia above the confirming moving average and gives the dip buyers some increased satisfaction. The next target is the 1.4072 and then the 38.2% of the move down from Friday's high at the 1.4112 (see chart above) become the hurdles to overcome.
Other good news for bulls..the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Texas Capital Reiterated At Neutral

Posted: 23 May 2011 11:05 AM PDT

We are reiterating our recommendation on Texas Capital Bancshares Inc. (NASDAQ:TCBI) at Neutral. The reaffirmation follows a detailed analysis of the company's first quarter 2011 earnings results as well as strengths, weaknesses and opportunities in the current economic environment.
Texas Capital's first quarter 2011 earnings of 31 cents per share came a penny short of the Zacks Consensus Estimate. The results were, however, well above the prior-year quarter's earnings of 21 cents.
While the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Triangulating Bull Fund FAS Challenges Critical Support

Posted: 23 May 2011 10:58 AM PDT

With the broad indexes challenging – and in some cases breaking – initial 'barrier' support levels, the financial sector is already breaking down into fresh 2011 lows.
We see a similar picture in the triple-leveraged financial bull fund FAS – a popular vehicle for aggressive traders.
What's the current pattern and critical level to watch in FAS?  Let's take a look.

The 3x Leveraged Financial Bull Fund FAS just pushed to a New 2011 Low this morning.  That's to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Getting Ready To Move.

Posted: 23 May 2011 10:56 AM PDT

The 5 minute chart of the USDJPY has the 100 and 200 bar MA converged. The price and the 2 moving averages create a "Three's a Crowd" setup. This is often a precursor to a trend move in the price. Something has to break up the log jam and the price will lead the way.
The range over the last from 81.71 to 81.90 over the last 7 or so trading hours (and even more narrow over the last 4 or so hours. The 200 bar MA is sideways. The market is officially non-trending.
Non-Trending will … [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: 23 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 0.7892, down 0.85% at time of writing.<br/><br/> The pair was likely to find support at 0.7849, Wednesday&rsquo;s low, and resistance at 0.8000, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.63% to hit 1.3308 and EUR/NZD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spectrum On Auction In France

Posted: 23 May 2011 10:40 AM PDT

The French government will hold an auction for fourth-generation (4G) mobile spectrum by the end of this month. The government will raise roughly €2.5 billion by providing several frequency bands to French operators, thereby changing their competitive positions.
The French 4G auction will offer 30 megahertz (MHz) of spectrum in the 800 MHz band and 70 MHz of spectrum in the 2.6 gigahertz (GHz) band. The 800 MHz band will be available for a minimum of €1.8 billion while 2.6 GHz will be price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Costco

Posted: 23 May 2011 10:35 AM PDT

Costco Wholesale Corporation (NASDAQ:COST) is scheduled to report its third-quarter 2011 financial results on May 25, 2011. The current Zacks Consensus Estimate for the quarter is 77 cents a share. For the quarter under review, revenue is $20,533 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
Costco Wholesale Corporation had posted better-than-expected second-quarter 2011 results. The quarterly earnings of 79 cents a share came a penny ahead of the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The High-Yielding Ones

Posted: 23 May 2011 10:35 AM PDT

With interest rates at rock-bottom levels, income is hard to find in this environment. Stocks that pay nice dividends are a good place to look.

This is inherently a long-term approach to investing, not about quick flips. However, you don't want to buy a stock just because it has a 3% yield, and then see its price fall five or six percent over the next few weeks.

The Zacks Rank is simply one of the best short-term timing tools ever discovered. A good dividend yield and a Zacks #1 Rank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Biggest Item Affecting Market: China “

Posted: 23 May 2011 10:33 AM PDT

05/23/11 Sunrise Securities’ Ben Willis weighs in on today’s slide in US equities, and this week’s fundamental and technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Triple Index Busted Support To Start The May 23 Week

Posted: 23 May 2011 10:19 AM PDT

The three major US Equity Indexes have been precariously straddling initial support levels, and as we start this May 23rd week, all three indexes gapped down under these initial levels.
Let's take a "Triple Index" overview of the current structures with regard to the "Barrier" levels to watch and then future "Points of No Return."
First, the Dow Jones Index:

A quick glimpse shows us the critical barrier level #1 at 12,400 is failing – so far – to contain the sellers this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Falls To Lowest Level Since March Vs Dollar

Posted: 23 May 2011 05:15 AM PDT

05/23/11 The euro currency took a hit this session, especially against the dollar, this on growing eurozone debt concerns and weak European economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Campbell Soup Just Beats

Posted: 23 May 2011 10:05 AM PDT

Zacks has removed this article. Thank you
 
CAMPBELL SOUP (CPB): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ameren Gets Rate Increase Consent

Posted: 23 May 2011 10:05 AM PDT

Ameren Corporation's (NYSE:AEE) newly formed subsidiary, Ameren Transmission Company ("ATX"), and Ameren’s utility operating companies, Ameren Illinois and Ameren Missouri, have received approval from the Federal Energy Regulatory Commission (“FERC”) for rate increases to cover the $1.0 billion cost of their power transmission projects.
The FERC had granted pre-approval of certain rate treatments for a significant portion of the company's proposed initial portfolio of transmission … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CHMP Backs Merck’s Victrelis

Posted: 23 May 2011 10:05 AM PDT

Merck (NYSE:MRK) recently received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) for its hepatitis C virus (HCV) candidate, Victrelis (boceprevir). The CHMP recommended the approval of Victrelis for use in combination with peginterferon alfa and ribavirin for both treatment-naïve and treatment-failed adults who still have some liver function.
The positive opinion by the CHMP will be reviewed by the European Commission, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade

Posted: 23 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 1.6107, down 0.76% at time of writing.<br/><br/> The pair was likely to find support at 1.6089, today&rsquo;s low, and resistance at 1.6304, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8715 and GBP/JPY falling 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Israel Lifts Interest Rate 25bps To 3.25%

Posted: 23 May 2011 09:58 AM PDT

The Bank of Israel increased its benchmark interest rate by 25 basis points to 3.25% from 3.00% previously.  The Bank noted: “The inflation environment is still above the upper limit of the target inflation range… Inflation expectations for the next 12 months derived from the capital market and the average of the forecasters’ expectations are still slightly above the upper limit of the range this month. This, despite several background developments that could be expected to moderate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 2.00%

Posted: 23 May 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 2.00%, London&rsquo;s FTSE 100 shed 1.89%, France&rsquo;s CAC 40 declined 2.10% and the EURO STOXX 50 was down 2.09%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.18%; the S&P 500 index shed 1.26%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New World Oil And Gas Assessing Belize Asset Deal

Posted: 23 May 2011 05:22 AM PDT

New World Oil and Gas (LON: NEW), the prospective oil and gas group that joined the Alternative Investment Market in early May, has secured a 45 day exclusivity period to conduct due diligence on two concessions in Belize. The company's intermediary First Meadows Ltd, has signed a non-binding letter of intent in connection with Blue Creek and Gallon Jug, both of which are named under one 560 sq km production sharing agreement (PSA) located onshore Belize in the Petén Basin.

New World has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China New Energy Targets International Growth With AIM Listing

Posted: 23 May 2011 05:01 AM PDT

China New Energy (LON:CNEL), an engineering and technology company that works in the bioenergy sector, has begun trading on the Alternative Investment Market and raised £655,210 in a placing of shares priced at 7p each. The move capitalised the company at £20.8 million and is intended to be a platform for it to raise its profile and secure access to future additional capital to fund organic and acquisitive growth. The IPO marks China New Energy's second attempt at a London listing, coming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

John Taylor June The Most Riskiest Time

Posted: 23 May 2011 04:56 AM PDT

I just found a video by John Taylor of FX Concepts, he is a ‘Bruce Lee’ in the currency world. This video is six weeks old, but his forecast is upon us.

Video: CNBC 20110413 (6 weeks ago)

John Taylor of FX Concepts
- European recession most likely
- ECB raising interest rates will force a recession
- If recession is due from Europe to the US, then the most risky time will be early June
- Stock market is fully priced
- If stocks sold off 20% he would be a bull.

This video confirms our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Tiger Sinks Teeth Into Gold

Posted: 22 May 2011 10:00 PM PDT

The World Gold Council (WGC) released its quarterly "Gold Demand Trends" report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end's price levels.
The increase was driven by a significant rise in demand for gold as an investment, up 26 percent from a year ago, as emerging markets look to protect their assets from rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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