Tuesday, May 31, 2011

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

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


Forex – EUR/USD Up In Asian Trade

Posted: 31 May 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4421, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4130, Friday&rsquo;s low, and resistance at 1.4437, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8757 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Monday, May 31, 2011 (Major Indexes Rise For Fourth Straight Day-S&P 500 And Nasdaq Composite Back Above 21-Day Moving Averages)

Posted: 31 May 2011 04:28 PM PDT

Our current stock market direction outlook is:
Short Term: Bearish
Long Term: Bullish
If you are interested in reading our daily stock market commentary and analysis details then please visit our other website at: http://brettsstockmarketpulse.blogspot.com
We also have market signals for bonds, the US Dollar, oil, gold, sectors, and a focus list of stocks we feel have strong fundamentals posted on our other website. They each have their own webpage.
or
Get a Free analysis of your portfolio … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down During Asian Trade

Posted: 31 May 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 81.45, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 80.71, Friday&rsquo;s low, and resistance at 82.03, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.28% to hit 1.4437 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fiat To Buy Government Stake In Chrysler

Posted: 31 May 2011 03:57 PM PDT

05/31/11 Fiat SpA will buy the US Treasury’s remaining 6% stake in Chrysler. The Italian automaker will own a majority share in the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: NZD Terms Of Trade Index

Posted: 31 May 2011 03:51 PM PDT

The 1st quarter reading for the New Zealand Terms of Trade Index improved quarter over quarter by a surprising 0.9%, despite weather related disasters in NZ and the region (0.6% prior). The kiwi bounced toward yesterday's highs heading into the release but has done little following the improved number. The Kiwi bid seems to be driven by the risk bid on Euro that has pushed EUR/USD pair to 1.4435 (highest since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Alliant Adds To SM-3 Missile Success

Posted: 31 May 2011 03:35 PM PDT

Aerospace and defense company Alliant Techsystems Inc's (NYSE:ATK) propulsion and control systems made a significant contribution to the success of the latest missile defense test of a Standard Missile 3 (SM-3) Block IA missile, conducted on April 15, 2011. The Missile Defense Agency exclaimed that the test was the toughest till date. 
The SM-3 Block IA missile was launched from a U.S. Navy Aegis-equipped destroyer off the Hawaiian coast and successfully intercepted a separating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Up In Asian Trade

Posted: 31 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 0.8248, up 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.7967, Thursday&rsquo;s low, and resistance at 0.8264, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.03% to hit 1.2949 and EUR/NZD rising 0.04% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Day Ahead: ADP Employment Report, ISM Manufacturing Index, Construction Spending, Auto Sales, Mortgage Applications

Posted: 31 May 2011 10:20 AM PDT

05/31/11 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: Headline Away From Adding Volatility

Posted: 31 May 2011 03:17 PM PDT

Cusick’s Corner
A few weeks ago I wrote that I had never seen a market top when retail sentiment shifted to the sidelines so quickly. But the skeptics are gaining some decent bullets, the data stinks. This has investors scratching their heads, watching this market run. But traders are just waiting for the right time to pounce and as I said in the Midday, it is not now. While we are a headline away from adding volatility to this market, the upside is not worth fighting — yet. With the S&P … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Positive Data For UCB’s Cimzia

Posted: 31 May 2011 03:08 PM PDT

UCB (UCBJF) recently reported positive data on Cimzia (certolizumab pegol) from a late-stage trial — REALISTIC — on patients suffering from rheumatoid arthritis (RA). The data were presented at the annual meeting of the European League Against Rheumatism (EULAR).
In the study, in which Cimzia was added to current therapy in a diverse group of RA patients, the ACR20 response rates were significantly higher in the Cimzia arm (51.1%) compared to placebo (25.9%) at week 12. 
The study data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Meet Kevin Cook

Posted: 31 May 2011 03:05 PM PDT

Hello fellow investors! My name is Kevin Cook and I just joined the Zacks.com team as a Senior Stock Strategist. I can’t wait to share with you all the ways we can work together to not simply survive in this market, but to thrive in it!
But, first things first…I want you to know a few things about my background and lessons learned over the years that prepared me to become a huge fan of the Zacks Rank stock rating system and related trading methods. Then we’ll top it off with my current view … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wisconsin Energy Still At Neutral

Posted: 31 May 2011 03:05 PM PDT

We reiterate our long term Neutral recommendation on Wisconsin Energy Corporation (NYSE:WEC) on the back of mixed first quarter performance together with a solid growth outlook.
Milwaukee-based Wisconsin Energy operates a high-growth utility in a constructive regulatory environment. The company has a strong and highly-visible near-term growth outlook and a solid financial position, which does not require new equity in the foreseeable future. Moreover, we expect the customers of the company to reap … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Look To Dividends For Income

Posted: 31 May 2011 03:05 PM PDT

With the 10-year T-note yielding only 3.06%, those investors interested in getting income from their investments are in sort of a tough place. Dividend-paying stocks are a very good place to look for a replacement.

One thing you know for sure is that the coupon payment on a 10-year note is not going to rise. A yield of 3.06% does not offer much of a cushion against inflation.

What is inflation likely to average over the next 10 years? I have no idea, but based on the spread between the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


American Tower Revert To Neutral

Posted: 31 May 2011 03:05 PM PDT

We upgrade our recommendation for American Tower Corp. (NYSE:AMT) to Neutral backed by its solid first-quarter 2011 financial results. The company's top line witnessed significant upside primarily due to the rise in demand for broadband data services coupled with American Tower's global expansion strategy.
American Tower continues its strong performance driven by substantial demand for tower space to facilitate high-speed wireless data and on demand video services, together with super-fast … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Meet Kevin Cook

Posted: 31 May 2011 02:25 PM PDT

Hello fellow investors! My name is Kevin Cook and I just joined the Zacks.com team as a Senior Stock Strategist. I can’t wait to share with you all the ways we can work together to not simply survive in this market, but to thrive in it!
But, first things first…I want you to know a few things about my background and lessons learned over the years that prepared me to become a huge fan of the Zacks Rank stock rating system and related trading methods. Then we’ll top it off with my current view … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Xerox Acquires NewField IT

Posted: 31 May 2011 02:25 PM PDT

Xerox Corp. (NYSE:XRX) announced that it has completed the acquisition of U.K.-based NewField IT. The acquisition will enable the company to expand in the managed print service (MPS) portfolio.
Xerox seeks to benefit from the new consulting and software services as it speeds up operations by almost four times, thereby allowing efficient implementation of MPS.
Headquartered in Twickenham, NewField IT provides consultancy services, software services and optimization tools to its customers. Post … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Philip Morris’ Smoking Option

Posted: 31 May 2011 02:25 PM PDT

Philip Morris (NYSE:PM) bought the patent and global rights to an aerosol nicotine-delivery system developed by Jed Rose, director of Duke's Center for Nicotine and Smoking Cessation Research. The new technology delivers nicotine to users’ lungs but doesn’t involve smoking.
Management reported that the Center for Nicotine and Smoking Cessation Research at Duke University in Durham, N.C. where Jed Rose is working, does not have a role in Rose’s agreement with the company and won’t receive any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Meet Kevin Cook

Posted: 31 May 2011 02:25 PM PDT

Hello fellow investors! My name is Kevin Cook and I just joined the Zacks.com team as a Senior Stock Strategist. I can’t wait to share with you all the ways we can work together to not simply survive in this market, but to thrive in it!
But, first things first…I want you to know a few things about my background and lessons learned over the years that prepared me to become a huge fan of the Zacks Rank stock rating system and related trading methods. Then we’ll top it off with my current view … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Accenture Wins Banking Deal

Posted: 31 May 2011 02:25 PM PDT

Accenture plc (NYSE:ACN) recently entered into an agreement with a subsidiary of Credit Agricole Group, one of the largest European retail banking conglomerates. The Group selected Accenture's services for CEDICAM, its payment flow and systems subsidiary. Financial terms of the deal were not disclosed.
Under the terms of the agreement, Accenture will develop an information technology (IT) platform for CEDICAM. The advanced IT platform will ensure an easier and smoother collection process of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AngioDynamics Boosts VenaCure

Posted: 31 May 2011 02:05 PM PDT

Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) has expanded its VenaCure EVLT laser vein treatment with the launch of a new procedure kit. The new 90 centimeter (cm) NeverTouch kit features a longer TRE-Sheath introducer to gain vascular access above the ankle for treating varicose veins (abnormally swollen veins), a condition affecting more than 40 million Americans annually.
The availability of the 90 cm procedure kit will offer physicians more options, enabling them to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A.M. Best Avows Aflac’s Strength

Posted: 31 May 2011 02:05 PM PDT

Rating agency, A.M. Best, reiterated its credit and insurance strength ratings on Aflac Inc. (NYSE:AFL) and its operating divisions, on Friday, maintaining a stable outlook. This came in despite the fact that almost 77% of the company's operations are based in Japan, which was struck by devastating tsunami and earthquake in March this year, resulting in a challenging operating environment for the company.
Accordingly, the rating agency affirmed an issuer credit rating (ICR) of "a-" on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: ASH, OPTR, AAPL

Posted: 31 May 2011 02:00 PM PDT

05/31/11 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: 31 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 Chicago PMI.<br/><br/> EUR/USD was trading at 1.4398, up 0.81% at time of writing.<br/><br/> The pair was likely to find support at 1.4068, Thursday&rsquo;s low, and resistance at 1.4424, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 56.6 last … [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: 31 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on Chicago PMI.<br/><br/> USD/JPY was trading at 81.52, up 0.72% at time of writing.<br/><br/> The pair was likely to find support at 80.71, Friday&rsquo;s low, and resistance at 82.03, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 56.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Analyst Interviews: Health Insurance Stock Outlook

Posted: 31 May 2011 01:31 PM PDT

Several health insurers reported better-than-expected first-quarter earnings, with the outperformance driven by higher enrollment figures, organizational changes and fewer regulatory reform-related losses. Most of them are moving into a third year of record profits, which has been augmented in recent months by a lingering recessionary mindset among Americans who are postponing medical treatment.

This trend in medical utilization benefited the group's results last year as well. Unfavorable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NYSE, NASDAQ Eye LCH.Clearnet

Posted: 31 May 2011 01:31 PM PDT

Given the flurry of merger and acquisition (M&A) activity in the exchange industry, NASDAQ OMX Inc. (NASDAQ:NDAQ) and NYSE Euronext Inc. (NYSE:NYX) have been showing interest in buying LCH.Clearnet for over a fortnight now, according to Financial Times. The companies' bidding offer projections range from €350 million to €1.0 billion.
Meanwhile, LCH.Clearnet, a leading clearinghouse for swaps in Europe owned by multiple banks and market participants, has also confirmed the bid offers from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Goodyear Redeems Sr. Notes

Posted: 31 May 2011 01:31 PM PDT

Goodyear Tire & Rubber Co. (NYSE:GT) recently completed the earlier-announced redemption of senior notes worth $350 million due 2016. The redemption will reduce the company's annualized interest expense, thereby adding approximately $40 million to savings, out of which about $23 million is expected to be realized in 2011.
Goodyear Tire exercised its right to redeem senior notes following the successful closure of its mandatory convertible preferred stock offering in March. In the process, 10 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Telefonica Lowered To Neutral

Posted: 31 May 2011 01:31 PM PDT

We are downgrading our long-term recommendation on Spanish telecom giant Telefonica (NYSE:TEF) to Neutral from Outperform due to difficulties emerging from the depressed domestic market. For the short term (1–3 months), the stock retains a Sell rating with the Zacks #4 Rank.
The weak Spanish market has ended up with customers switching to cheaper offers from Telefonica's competitors. The economic downturn in that country has been longer than expected and is likely to drag the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Restaurant Current Situation Index Reaches 100.3 In April, The Highest Level In April Since July 2007

Posted: 31 May 2011 01:31 PM PDT

National.Restaurant Association — “Buoyed by positive same-store sales and solid optimism among restaurant operators for continued growth, the outlook for the restaurant industry remained positive in April. The National Restaurant Association's Restaurant Performance Index (RPI) – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.9 in April, essentially unchanged from a level of 101.0 in March. In addition, April represented … [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: 31 May 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.<br/><br/> EUR/USD was trading at 1.4392, up 0.77% at time of writing.<br/><br/> The pair was likely to find support at 1.4068, Thursday&rsquo;s low, and resistance at 1.4424, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 60.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Higher; Dow Jones Up 1.03%

Posted: 31 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 1.03%, the S&P 500 index gained 1.06%, while the Nasdaq 100 index climbed 1.56%.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 56.6 last month from 67.6 in the preceding month.<br/><br/>Analysts had expected the Chicago PMI to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chevron Secures Bulgarian Tender

Posted: 31 May 2011 01:07 PM PDT

Chevron Corporation (NYSE:CVX) won an exploration license from the Bulgarian government, against a payment of approximately $43 million or €30 million.  Chevron out bid Canadian BNK Petroleum to receive the tender.
Per the terms of the tender, Chevron would look for natural gas in a shale gas field near Novi Pazar in northeastern Bulgaria. Initial valuation suggests that the deposits hold between 300 billion and 1 trillion cubic meters of gas.
Treading on the similar route as many other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Citi Partners With Bank Of Baghdad

Posted: 31 May 2011 12:55 PM PDT

Yesterday, Citigroup Inc. (NYSE:C) and Bank of Baghdad (BoB), a subsidiary of Kuwait’s Burgan Bank, entered into a strategic alliance. The partnership will provide cash management requirements and other related banking services to corporate clients with major business in Iraq.
BoB's services to Citi’s clients includes a number of comprehensive products and service portfolios encompassing account services, payments and collection both domestically and internationally, liquidity management and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Neutral On Diamond Offshore

Posted: 31 May 2011 12:55 PM PDT

We reiterate our Neutral recommendation on Diamond Offshore Drilling Inc. (NYSE:DO) following the first quarter 2011 earnings beat. However, fears of a gradual decline in mid-water rates keep us on the sidelines.
The Houston, Texas-based contract driller registered impressive first quarter 2011 results, mainly on account of a lower tax impact as well as better-than-expected revenues. Although total revenue fell 6.2% on an annualized basis, it outpaced our expectation mainly on better … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Help End The Military-Industrial-Congressional Complex

Posted: 31 May 2011 12:52 PM PDT

www.jacobkornbluth.com/clients/reich/05-24-11/05-25-11_302pm.mov

Help End the Military-Industrial-Congressional … [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: 31 May 2011 12:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Chicago PMI.<br/><br/> GBP/USD was trading at 1.6453, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.6275, Thursday&rsquo;s low, and resistance at 1.6547, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted 56.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Drill, Drill, Drill = Jobs, Jobs, Jobs In Pennsylvania

Posted: 31 May 2011 12:38 PM PDT

Marcellus Shale Coalition – “The Pennsylvania Department of Labor & Industry – like a host of news outlets across the region and the nation – continues to keep a watchful eye on the powerful job creation engine called the Marcellus Shale, the world's second largest natural gas field behind one in Iran.

In its recent "Marcellus Shale: Fast Facts" employment overview, the Center for Workforce Information & Analysis – a research arm of the Dept. of Labor & Industry – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FINRA Fines BofA, Credit Suisse

Posted: 31 May 2011 12:35 PM PDT

On Thursday, the Financial Industry Regulatory Authority (FINRA) imposed fines on units of Bank of America Corporation (NYSE:BAC) and Credit Suisse Group (NYSE:CS). The cumulative fine totaled $7.5 million.
FINRA alleged that both the companies had misrepresented delinquency data and had insufficient supervision on residential subprime mortgage securitizations (RMBS) sold to investors.
BofA's unit Merrill Lynch would pay $3 million while Credit Suisse's unit Credit Suisse Securities (USA) LLC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lockheed Martin Retains Stability

Posted: 31 May 2011 12:35 PM PDT

We maintain our 'Neutral' rating on a long-term basis (6-12 months) on the defense behemoth Lockheed Martin Corporation (NYSE:LMT). Looking ahead, Lockheed expects its fiscal 2011 earnings to come in at $6.95 – $7.25 with revenues in the range of $45.8 billion-$47.3 billion. The Zacks Consensus earnings estimates for the second quarter, fiscal 2011 and fiscal 2012 are $1.92, $7.28 and $8.73, respectively.
Currently, Lockheed Martin has a Zacks #3 Rank, which implies a short-term 'Hold' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lockheed Martin Retains Stability

Posted: 31 May 2011 12:35 PM PDT

We maintain our 'Neutral' rating on a long-term basis (6-12 months) on the defense behemoth Lockheed Martin Corporation (NYSE:LMT). Looking ahead, Lockheed expects its fiscal 2011 earnings to come in at $6.95 – $7.25 with revenues in the range of $45.8 billion-$47.3 billion. The Zacks Consensus earnings estimates for the second quarter, fiscal 2011 and fiscal 2012 are $1.92, $7.28 and $8.73, respectively.
Currently, Lockheed Martin has a Zacks #3 Rank, which implies a short-term 'Hold' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


L-3 Comm In Neutral Lane

Posted: 31 May 2011 12:35 PM PDT

We maintain our 'Neutral' recommendation on L-3 Communications Holdings Inc. (NYSE:LLL) reflecting our concerns regarding the loss of key contracts, a backlog skewed toward fixed price contracts and possibilities of cuts in future defense budgets. L-3 Communications also holds a Zacks #3 Rank, which translates into a short-term Hold rating, and correlates with our long-term recommendation.
We however believe that L-3 Communications by virtue of its non-platform focus, prominent position as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/JPY To Confirm Triangle Breakout To The Upside To Target 90.00

Posted: 31 May 2011 12:30 PM PDT

AUD/JPY in an Imminent Breakout from a 5-wave Triangle (5/25)
AUD/JPY

- The AUD/JPY broke above a 5-wave triangle, suggesting that the market is picking the upside after a period of indecision in  May.
- The market is now in a throwback. Looking at the 1H chart, if the RSI reading remains above 40, the bullish momentum just established would be confirmed to continue upon a return back above 60.
- The RSI in the 4H chart is not above 70 yet although it broke above the 40-60 range to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How Investors Can Profit From Rising Platinum Prices

Posted: 31 May 2011 12:18 PM PDT

by Tony Daltorio, contributing writer
Even after a sharp sell-off on commodities prices, the spot price of platinum remains within reach of a two-year high. That high was hit last month at around $1,870 per ounce.
The consensus in the industry is for higher prices in the coming years. And this is despite the disaster in Japan, whose automotive industry is one of the biggest consumers of the precious metal.
Why so much bullishness?
 The main reason investors, analysts and those in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In U.S. Trade

Posted: 31 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on Chicago PMI.<br/><br/> USD/CAD was trading at 0.9690, down 0.82% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, today&rsquo;s low, and resistance at 0.9816, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.S.&rsquo;s Chicago PMI fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Ford’s Car Pricy, Cost Escalates

Posted: 31 May 2011 12:07 PM PDT

Ford Motor Co. (NYSE:F) raised prices of its vehicles by an average of $124 or 0.4% per unit on the back of higher commodity costs. This is the third time the automaker hiked prices of its vehicles in the year after once in January and next in April. On an average, the price rise was 1.3% or $375 per vehicle this year.
Higher commodity costs have been bothering Ford for a long time. In the first quarter of 2011, the automaker's structural costs went up $400 million and commodity costs increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Zacks Initiates Coverage Of XZERES

Posted: 31 May 2011 12:05 PM PDT

Steven Ralston, CFA
Zacks Initiates Coverage of XZERES

Zacks has initiated coverage of XZERES Corp. (XPWR: OTCBB) with an Outperform rating. XZERES Corporation is an engineered systems company, with a focus on clean and renewable energy. Currently, XZERES primarily designs, develops, manufactures and markets premium small wind turbine systems and related equipment for the generation of electrical power to a wide range of customers. Recently, the company acquired Rochester Power Saver and now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HP Secures Healthways Deal

Posted: 31 May 2011 12:05 PM PDT

The largest PC manufacturer Hewlett-Packard Company (NYSE:HPQ) recently secured a 10-year outsourcing contract worth $380.0 million from Healthways Inc. As per the terms of the agreement, the PC maker will provide applications development solutions and IT management services to Healthways.
This deal win is expected to strengthen the relationship between the companies and help them pursue new opportunities in the government and commercial markets.
Healthways is expected to take advantage of health … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pebblebrook Acquires Viceroy Hotel

Posted: 31 May 2011 12:05 PM PDT

Pebblebrook Hotel Trust (PEB), a lodging real estate investment trust (REIT), has recently acquired the Viceroy Miami hotel in downtown Miami, Florida, for $36.5 million, as part of its continuous acquisition spree to capitalize on improving market fundamentals. The recent transaction marks the thirteenth acquisition by the company with over $1 billion of capital investments since its initial public offering in December 2009.
The 148-room Viceroy Miami hotel is an upper upscale full-service … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Ralph Lauren

Posted: 31 May 2011 12:05 PM PDT

Recently, specialty retailer Polo Ralph Lauren Corp. (NYSE:RL) announced its financial results for the fourth-quarter 2011.
Street analysts had nearly 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.
Earnings Review
Polo Ralph Lauren’s fourth-quarter 2011 earnings of 74 cents per share declined 34.5% from the prior-year quarter earnings … [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: 31 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 CB Consumer Confidence.<br/><br/> EUR/USD was trading at 1.4383, up 0.71% at time of writing.<br/><br/> The pair was likely to find support at 1.4068, Thursday&rsquo;s low, and resistance at 1.4424, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 60.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


If You Tax Large Firms You Get Fewer Of Them, If You Subsidize Small Firms, You Get More Of Them

Posted: 31 May 2011 11:40 AM PDT

FINANCIAL POST –”Small business tax incentives are keeping businesses in Canada small, hindering business efficiency and disproportionately benefiting the wealthy, according to a new study from the University of Calgary. The study, authored by Jack Mintz and Duanjie Chen of The School of Public Policy, said that Canada's small business tax rate creates a "wall of taxation" in the country that keeps businesses small so they can remain in favorable tax brackets.

Instead of job growth, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Germany To Be Nuclear Energy Free By 2022

Posted: 31 May 2011 11:30 AM PDT

05/31/11 Following the nuclear crisis in Japan, Germany announced plans Monday to abandon nuclear energy over the next 11 years and replace it with renewable energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bank Of Canada Holds Rate At 1.00%

Posted: 31 May 2011 10:23 AM PDT

The Bank of Canada maintained the key lending rate unchanged at 1.00%.  However the central bank noted that the “considerable monetary policy stimulus in place will be eventually withdrawn,”. The Bank also noted the strength of the Canadian Dollar: ”The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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