Tuesday, May 24, 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: 24 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 1.4096, down 0.03% 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 down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8712 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japan’s Trade Balance Falls Less-than-expected

Posted: 24 May 2011 05:05 PM PDT

Forex Pros – Japan&rsquo; trade balance fell less-than-expected last month, official data showed on Tuesday.<br/><br/> In a report, the Ministry of Finance said that the country&rsquo;s trade balance fell to a seasonally adjusted -0.50T, from 0.10T in the preceding month.<br/><br/> Analysts had expected the trade balance to fall -0.59T last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Frontier Fixed At Neutral

Posted: 24 May 2011 04:35 PM PDT

We are maintaining our long-term Neutral rating on Frontier Communications Corp. (NYSE:FTR) following its first quarter results.
Frontier's earnings were at par with the Zacks Consensus Estimate in the first quarter, but deteriorated from the year-ago level. However, revenue more than doubled on the back of West Virginiaoperations acquired from Verizon Communications' (NYSE:VZ) fixed-line business.
Frontier's high-speed Internet and satellite TV subscriber bases are expanding on aggressive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 24 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 82.09, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 81.33, Monday&rsquo;s low, and resistance at 82.22, 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 0.001% to hit 1.4100 and GBP/USD falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EIA Reports Large Nat Gas Build

Posted: 24 May 2011 04:05 PM PDT

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies on the back of moderating consumption due to light weather load.  
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events.
The report provides an overview of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDIC Releases Mixed Bank Results For Q1

Posted: 24 May 2011 03:57 PM PDT

05/24/11 The Federal Deposit Insurance Corporation reported an improvement in quarterly results for the banking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Terreno Realty Acquires Property

Posted: 24 May 2011 03:55 PM PDT

Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building in Kearny, New Jersey, for approximately $32.6 million. The purchase price included the assumption of a mortgage loan of $14.8 million collateralized by the property. The mortgage loan bears a fixed annual interest rate of 5.5% and is scheduled to mature in March 2021.
The acquired property spanning 211,000 square feet of space is presently 100% leased to a single tenant. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AKS Increases Product Prices

Posted: 24 May 2011 03:55 PM PDT

Effective immediately, AK Steel Holding Corp. (NYSE:AKS) is increasing the market base prices by $50 per ton for hot rolled and cold rolled carbon steel products. It also boosted prices by $60 per ton for coated carbon steel products. The price increase was driven by higher steel-making costs and an increase in orders for carbon steel products.
Last month, AK Steel posted its first-quarter results delivering an EPS of 8 cents compared with 2 cents during the year-ago quarter and striding ahead of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Statoil To Buy Indonesia Oil Stakes

Posted: 24 May 2011 03:55 PM PDT

Norway-based oil group Statoil ASA (NYSE:STO) announced that it will acquire three offshore exploration licenses in Indonesia. The purchase prices of the stakes were not disclosed.
Per the deal, Statoil will buy a 40% equity interest in North Makassar Strait Production Sharing Contract (PSC) as well as similar interests in two added offshore PSCs –– West Papua IV and Halmahera-Kofiau. All three contracts will be operated by Niko Resources Ltd.
Given its exploration success, Statoil has the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Enterprise To Sell ETE Units

Posted: 24 May 2011 03:55 PM PDT

An affiliate of Enterprise Products Partners LP (NYSE:EPD) plans to divest Energy Transfer Equity L.P. (NYSE:ETE) common units to an undisclosed purchaser for about $169 million. This is a part of Enterprise's effort to sell common units of Energy Transfer that the partnership owns.
Notably, 4.45 million units of Energy Transfer will be offered to the prospective customer and the proceeds are expected to meet general purposes of the partnership, including capital growth projects.
Enterprise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cintas Announces Strategic Alliance

Posted: 24 May 2011 03:55 PM PDT

Cintas Corporation (NASDAQ:CTAS) recently announced a strategic alliance with Diversey Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions; to deliver custom cleaning and hygiene products and services to foodservice operators.
Under the terms of the agreement, Cintas will provide a custom collection of Diversey`s floor cleaners, surface cleaners and mechanical ware washing products to its customers through Signet Cleaning Chemical Service, the new foodservice … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wednesday’s Stocks To Watch, May 25

Posted: 24 May 2011 03:42 PM PDT

( click to enlarge )

Bank of America Corporation (NYSE:BAC) has a strong support around $11 from where it could attempt a bounce back. On daily chart, the technical indicators are not showing any signs of a recovery. Only the RSI has made a higher bottom which could lead to a pullback.

( click to enlarge )

Netflix, Inc. (NASDAQ:NFLX) – The daily technical indicators of the stock are losing momentum and are close to flashing some sell signals, however until near term support is broken near $235 ( … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Siemens’ Wind Facility In US

Posted: 24 May 2011 03:35 PM PDT

Siemens Energy, a division of Siemens AG (NYSE:SI), started a new wind service warehousing operation in Woodward, Oklahoma.
The company intends to build two new facilities in the northwest Oklahoma citythat will be the company’s largest wind power service distribution center in the United States.
Siemens is a global leader in most of its key businesses, including industrial automation, power generation, medical equipment and transportation.
Given its product breadth and geographical diversity, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


St. Jude System Goes Down Under

Posted: 24 May 2011 03:35 PM PDT

Medical devices major St. Jude Medical (NYSE:STJ) has commenced the rollout of its Epiducer lead delivery system in Australia. This unique system has been designed for neurostimulation (stimulation of the spinal cord by electrical impulses) therapy for managing chronic pain.
The Minnesota-based company recently demonstrated the Epiducer system at the International Neuromodulation Society 10th World Congress in London.
The Epiducer system has been geared to reduce procedural complexities and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Up In Asian Trade

Posted: 24 May 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7970, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.7860, Monday&rsquo;s low, and resistance at 0.8015, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.14% to hit 1.3241 and EUR/NZD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Interactive Map/Graph Of Tornadoes, 1950-2011

Posted: 24 May 2011 03:32 PM PDT

The Day Ahead: US Durable Goods Orders, EIA Oil Inventories, Earnings – Costco, Polo Ralph Lauren, UK Q1 GDP

Posted: 24 May 2011 10:20 AM PDT

05/24/11 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


Stock Market Summary For Tuesday, May 24, 2011

Posted: 24 May 2011 03:18 PM PDT

Stocks opened today’s session higher and then drifted giving the gains back to finish down between 0.2% to 0.5% by the close. The DJIA, S&P 500, and Nasdaq Composite did at one point in today’s session trade above the resistance levels we outlined in last night’s post but ended up closing below them. The DJIA and S&P 500 never traded down to last night’s support levels intra-day but the Nasdaq Composite did and was able to close above its support level. Based on this we are keeping the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HITEC-LA Selects Athenahealth

Posted: 24 May 2011 03:10 PM PDT

Medical billing and records software provider Athenahealth Inc (NASDAQ:ATHN) has been selected as a preferred vendor for electronic health record ("EHR") solutions by Health Information Technology Extension Center for Los Angeles (HITEC-LA).
HITEC-LA, the designated regional extension center ("REC") for Los Angeles County, is responsible for the adoption and implementation of EHR systems across all physician and primary care providers in the county and help them to qualify for the federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Broadcom Acquires SC Square

Posted: 24 May 2011 03:05 PM PDT

Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) completed the acquisition of security software developer SC Square Ltd. for $41.9 million.
The company paid the consideration in cash, with a certain sum placed into escrow. Consequently, Broadcom acquired outstanding shares of capital stock and other equity rights of SC Square.
Based in Israel, SC Square is a provider of Security Chip and Communication solutions, including e-Health, e-ID, e-Passport, Citizen cards, Signature cards, e-Employee … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TiVo Partners With Hulu

Posted: 24 May 2011 03:05 PM PDT

TiVo Inc. (NASDAQ:TIVO) has announced that Hulu Plus is now available through subscription on TiVo's retail Premier DVR's. However, the financial terms of the deal were not disclosed
As an introductory offer, TiVo has announced free subscription of Hulu Plus services for six months to new customers who would subscribe for TiVo DVR's. For the current TiVo subscribers, it has introduced a free trial offer for which subscribers have to log on to the company website for further details.
With the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Neutral On Lamar Advertising

Posted: 24 May 2011 03:05 PM PDT

We recently reiterated our Neutral recommendation on Louisiana-based, Lamar Advertising Company (NASDAQ:LAMR).
The company is one of the largest owners and operators of outdoor advertising structures in the U.S. with three prime sources of revenue including billboards, logo signs and transit advertising displays.
Lamar has developed its localized billboard advertising businesses through a combination of organic growth and strategic acquisitions. Its internal and external investment activities have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDA To Review REGN Eye Drug

Posted: 24 May 2011 02:35 PM PDT

Recently, the US Food and Drug Administration (FDA) announced that its Dermatologic and Ophthalmic Advisory Committee will meet on June 17, 2011 to review the biologics license application (BLA) submitted by Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) for its VEGF (vascular endothelial growth factor) trap-eye treatment.
The BLA seeking marketing approval of the drug was submitted by Regeneron in February 2011. The BLA was based on positive results from the VIEW program (VEGF Trap-Eye: Investigation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Computer Sciences

Posted: 24 May 2011 02:25 PM PDT

Computer Sciences Corporation (NYSE:CSC) is scheduled to announce its fourth quarter 2011 results on May 25, 2011, and we do witness a substantial variation in analysts' estimates at this point.
Third Quarter Recap
The company reported decent third quarter 2011 results, with earnings per share (EPS) of $1.54 exceeding the Zacks Consensus Estimate of $1.48 and the year-ago quarter earnings of $1.36. Computer Sciences generated revenues of $4.01 billion, up 1.5% from the year-ago quarter, driven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CHMP Backs Amgen’s Xgeva

Posted: 24 May 2011 02:25 PM PDT

Amgen (NASDAQ:AMGN) recently received a positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) for Xgeva (denosumab).
Xgeva is currently under review in the EU for the prevention of skeletal-related events (pathological fracture, radiation to bone, spinal cord compression or surgery to bone) in adults with bone metastases from solid tumors.
The CHMP also said that Xgeva should be granted an additional year of data and market exclusivity in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: Whacky Wedding Hat

Posted: 24 May 2011 02:25 PM PDT

Hot Option Plays: Is The Buck Badgering The Market?

Posted: 24 May 2011 02:18 PM PDT

Cusick’s Corner
The Buck firmed into the close while Finance, XLF (thanks Citi +.35 and 9% of the XLF) was the strongest of the offensive sectors, this segment is just off its lows. We may have a consolidation forming in front of the long weekend. In the Commodity markets there was a nice oversold bounce but with the firm Dollar, Crude, CLU11, might come under pressure and Gold/Silver may continue to be a safety trade as macro uncertainties continue to rise. Watch the Durables that are due out … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: Blood In Bulgaria

Posted: 24 May 2011 02:18 PM PDT

Bulgaria’s black market in blood is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PS Business Parks Stays Neutral

Posted: 24 May 2011 02:05 PM PDT

We maintain our Neutral rating on PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (REIT), as we anticipate it to perform in line with the broader market.
PS Business Parks owns, acquires, develops, and operates commercial real estate properties across 8 states in the U.S. Its property portfolio includes low-rise suburban multi-tenant offices, business parksand industrial and flex assets.
Located mostly in high population markets, flex properties are a combination of warehouse … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Citrix To Expand In Virtual Desktop

Posted: 24 May 2011 02:05 PM PDT

One of the leading providers of virtual computing solutions, Citrix Systems Inc. (NASDAQ:CTXS) will expand its Virtual Desktop Infrastructure (VDI) footprint by acquiring Kaviza, which makes VDI-in-a-Box product. Kaviza is a privately owned company based in Sunnyvale, California and has been strategic partner to Citrix since April 2010.
VDI is a server computing model that enables desktop virtualization that stores user's data centrally through a remote central server, instead of providing local … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Northern Trust Expands In Australia

Posted: 24 May 2011 02:05 PM PDT

On Tuesday, Northern Trust Corporation (NASDAQ:NTRS) announced the expansion of its services in Australia. The company added Unit Registry solutions to improve its fund administration capabilities in Australia.
NTRS has signed an agreement with Computershare to provide such services combining local expertise with a wide range of worldwide capabilities.
Computershare Limited is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: AZO, VRX,SOLR

Posted: 24 May 2011 02:00 PM PDT

05/24/11 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: 24 May 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> EUR/USD was trading at 1.4099, up 0.36% 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/> Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The “R” Word

Posted: 24 May 2011 01:47 PM PDT

Although I’ve repeatedly questioned the notion that we’ve had a “recovery” in any genuine sense of the word, it looks like whatever we did have as a result of all the financial steroids that were injected into the U.S. economy since the financial crisis began is withering fast.
To wit, along with today’s “unexpectedly” bad data from the Richmond Federal Reserve (ably discussed here by The Market Ticker), we’ve also had similarly downbeat reports from their New York, Philadelphia, and Chicago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 24 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 81.92, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 81.33, Monday&rsquo;s low, and resistance at 82.22, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.39% to hit 1.4103 and GBP/USD rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Analyst Interviews: Auto Industry Outlook And Review

Posted: 24 May 2011 01:35 PM PDT

The auto industry is highly concentrated, with the top 10 global automakers accounting for over 77% of production worldwide. In the first four months of 2011, General Motors Company (NYSE:GM) led with a 19.6% market share in the U.S., followed by Ford Motor Co. (NYSE:F) with a 16.2% market share, Toyota Motors Corp. (NYSE:TM) with a 14.1% market share, Honda Motor Co. (NYSE:HMC) with a 10.3% market share, Chrysler-Fiat with a 9.6% market share and Nissan Motor Co. (NASDAQ:NSANY) with a 8.5% market share.

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


Suncor Buying Opportunity

Posted: 24 May 2011 01:35 PM PDT

The buzz across energy trading desks Tuesday was the call by Goldman Sachs analysts for higher oil prices this year. Wasn't it just a few weeks ago that the premier commodity trading house said oil was over-priced and due for a pullback? This is not the first time, and it won't be the last, that they correctly pick (or make) a short-term top and create a new buying opportunity.
What's really important for investors is that we still have time to buy some of my favorite names in the sector … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Life Technologies Remains Neutral

Posted: 24 May 2011 01:35 PM PDT

Recently, we reiterated our Neutral recommendation on Life Technologies (LIFE) with a target price of $56.00.
Life Technologies reported an adjusted EPS of 85 cents in the first quarter of 2011, in line with the Zacks Consensus Estimate, but down 2.3% compared to 87 cents in the year-ago quarter.
Revenues increased 1% year over year to $897 million, missing the Zacks Consensus Estimate of $920 million. While foreign exchange movement had a negative impact of 1 percentage point, prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Toll Brothers

Posted: 24 May 2011 01:35 PM PDT

Toll Brothers Inc. (NYSE:TOL) will release its results for the second quarter of fiscal 2011 before the market opens on May 25, 2011. Pennsylvania-based Toll Brothers incurred a wider loss of 10 cents per share in the first quarter of the fiscal year compared with the Zacks Consensus Estimate of a loss of 8 cents per share.
For the upcoming quarter, the Zacks Consensus Estimate for Toll Brothers is pegged at a loss of 5 cents per share, reflecting an annualized growth of 78%, without any upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Increases Product Prices

Posted: 24 May 2011 01:35 PM PDT

DuPont Titanium Technologies, a part of  EI DuPont de Nemours & Co. (NYSE:DD), announced a net price increase of $500/metric ton for all DuPont Ti-Pure titanium dioxide (TiO2) grades sold in Asia-Pacific. However, prices for plastics and laminates applications will increase by $800/metric ton. The price increase is effective from July 1, 2011.
Recently, DuPont also announced a net price increase of $500/metric ton for all DuPont Ti-Pure titanium dioxide (TiO2) grades sold in Latin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NRP Slips To Neutral

Posted: 24 May 2011 01:35 PM PDT

We have downgraded our recommendation on Natural Resource Partners L.P. (NYSE:NRP) to Neutral due to continued threats of depletion of reserves and the partnership's dependence on the capital markets to finance growth projects.
Natural Resource Partners' does not indulge in extraction of minerals at any of the mines it owns. It, thus, eliminates the major risks of operating a mine. The partnership earns a major part of its revenues by leasing its assets to mine operators and charging a royalty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


QLogic Still Leads The Pack

Posted: 24 May 2011 01:35 PM PDT

A leading supplier of high performance network infrastructure solutions, QLogic Corp. (NASDAQ:QLGC) continued to gain significant revenue market share in Fibre Channel adapters in the first quarter of calendar year 2011.
According to the latest reports provided by two leading industry research firms Dell'Oro Group and Crehan Research, QLogic garnered 55.0% of the total revenue share in the first quarter, beating its nearest competitor by 18.0 percentage points.
The strong market share growth was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Dillard’s

Posted: 24 May 2011 01:35 PM PDT

Dillard’s Inc. (DDS) recently announced its financial results for the first-quarter of fiscal 2011. 
Street analysts had more than a week to ponder 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 on the stock.
Quarterly Review
Dillard’s, a leading fashion apparel, cosmetics and home furnishings retailer, posted a record first-quarter 2011 earnings of $1.27 … [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: 24 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 1.4107, up 0.42% 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 the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8718 and EUR/JPY rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Lower; Dow Jones Down 0.20%

Posted: 24 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.20%, the S&P 500 index shed 0.08%, while the Nasdaq 100 index declined 0.57%.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 323K last month from 301K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Who Gains From Jumbo Mortgage?

Posted: 24 May 2011 01:06 PM PDT

According to a report published in TheStreet on Tuesday, Moody’s Investors Service, a wing of Moody’s Corp. (NYSE:MCO), has said that many U.S. banks, which produce jumbo mortgage loans and have the power to independently sell these, could enjoy higher earnings as government sponsored enterprises (GSEs), Fannie Mae (FNMA) and Freddie Mac (FMCC) are gradually moving away from the jumbo loan market. These banks will pick up market share from loan producers depending heavily on GSEs to sell their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tech Data’s 1Q Misses Estimates

Posted: 24 May 2011 01:06 PM PDT

Information technology (IT) products distributor Tech Data Corp. (NASDAQ:TECD) reported first quarter 2012 earnings per share of $1.03, which missed the Zacks Consensus Estimate by 3 cents. This was primarily due to lower-than-expected revenue growth in the quarter, which also failed to beat the Zacks Consensus Estimate of $6.35 billion in the quarter.
Operating Performance
Net income in the reported quarter was $48.7 million, up 6.7% year over year. EPS was $1.03, compared with 88 cents in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The U.S. Dollar’s Impact On The S&P 500, Gold, Silver, & Oil

Posted: 24 May 2011 01:00 PM PDT

In doing some brief reading around the blogosphere I have noticed that most pundits are writing off gold, silver, and oil entirely. In fact, I have even read that the selloff is just beginning in precious metals and energy. In addition to the bearish traders, it seems as though even more traders are expecting some period of consolidation. Lower prices and a period of consolidation make sense, but what I am more interested in at this stage is a clear setup that offers solid risk / reward.
In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The U.S. Session

Posted: 24 May 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> GBP/USD was trading at 1.6195, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6304, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Green Signal For Vertex HCV Drug

Posted: 24 May 2011 12:35 PM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced that the US Food and Drug Administration (FDA) approved Incivek (telaprevir) to be used as a treatment of hepatitis C virus (HCV), in both treatment-naïve and treatment-failed patients.
The approval was based on data from three phase III studies, which demonstrated that patients who received Incivek combined with pegylated-interferon and ribavirin achieved significantly higher rates of sustained viral response (viral cure) compared to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk-Reward Balances H&R Block

Posted: 24 May 2011 12:35 PM PDT

Given a sustained focus on expense reduction initiatives, increase in new client growth, effort to augment the company's digital tax offerings as well as performance and termination of RAL Agreement, partially offset by high unemployment levels and a soft performing Business Services segment, we reiterate our Neutral recommendation on H&R Block Inc. (NYSE:HRB).
H&R Block implemented a restructuring program to reduce workforce, cut down overhead expenses and increase operational … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GE’s Latest Wind Turbine Technology

Posted: 24 May 2011 12:35 PM PDT

General Electric Company (NYSE:GE) launched its latest wind turbine technology, the 1.6-100. The 1.6-100 machine combines the performance of GE's 1.5-megawatt wind turbine series with certified components from the advanced technology of its 2.5-100 wind turbine.
The 1.6-100 wind turbine offers a 47% increase in swept area over previous models, resulting in a 19% increase in annual energy production at 7.5 meters per second.
GE has one of the best infrastructure franchises worldwide with solid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bain Capital To Buy China Fire

Posted: 24 May 2011 12:35 PM PDT

China Fire & Security Group Inc. (NASDAQ:CFSG) has agreed to be acquired by Amber Parent Limited, an affiliate of funds managed by Bain Capital Asia Fund, L.P. for $265.5 million.
Bain Capital is a global private investment firm that manages several pools of capital, including private equity, venture capital, public equity, credit products and absolute return, with approximately $65 billion in assets under management. Since its inception in 1984, the firm has made private equity investments and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


As President Obama Said, The Stock Market Needs To Be Under A Watchful Eye

Posted: 24 May 2011 12:18 PM PDT

President Obama made this statement in his inaugural address.  For the latest on what's happening read below.  SmartStops is proud to be a member of the GlobalRisk Community.    Of course , we at SmartStops think regulation can only achieve so much, and hope that our intelligent risk management approach can be an alternative "watchful eye" helping increase protection for all investors, traders and professional advisors.
This was originally published … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk-Reward Balanced At HGSI

Posted: 24 May 2011 12:15 PM PDT

We are maintaining our Neutral recommendation on Human Genome Sciences Inc. (NASDAQ:HGSI) with a target price of $28.00.
Human Genome, founded in 1992 and based in Rockville, Maryland, is a biopharmaceutical company. The US approval and launch of Benlysta earlier in the year for treating patients suffering from systemic lupus erythematosus (SLE) is a huge positive for Human Genome. The drug, which has blockbuster potential, has been co-developed with GlaxoSmithKline (NYSE:GSK).
The approval of Benlysta … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CAT- Bucyrus Deal Gets DOJ Nod

Posted: 24 May 2011 12:15 PM PDT

Caterpillar Inc's (NYSE:CAT) pending $8.6 billion buyout of Bucyrus International Inc. (NASDAQ:BUCY) is now a step closer to being finalized as it has received a go-ahead by the U.S. Department of Justice. The clearance will allow the acquisition to be clinched by mid 2011 subject to other closing conditions being met.
In November last year, Caterpillar announced its intention to acquire Bucyrus, a South Milwaukee-based manufacturer of surface and underground mining equipment, in a transaction worth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In U.S. Trade

Posted: 24 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 0.9767, down 0.11% 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, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.51% to hit 1.4120 and GBP/USD rising 0.42% to hit … [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: 24 May 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> EUR/USD was trading at 1.4119, up 0.51% 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/> Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Beneish M-Score: Identifying Earnings Manipulation And Short Candidates

Posted: 24 May 2011 10:41 AM PDT

In Brief
Created by Professor Messod Beneish, the M-Score is a mathematical model that uses eight financial ratios to identify whether a company has manipulated its earnings. The variables are constructed from the company’s financial statements and create a score to describe the degree to which the earnings have been manipulated. In many ways it is similar to the Altman Z-Score, but it is focused on  detecting earnings manipulation rather than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Those That Must Be Long The Stock Market Are Bearish

Posted: 24 May 2011 02:09 AM PDT

Some of the largest players in the stock market game are the mutual funds, and most of these funds can only be long (that is they cant short stocks). When these type of funds get bearish and need protection they will either buy cash, bonds or defensive stocks. How aggressively they do this can be very telling.

Within our website service we have a custom symbol called @RTDEF or SPDR Defensive sectors. This is made up of the equal weighting of defensive SPDR sectors namely Health care, Utilities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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