DailyMarkets.com - Forex – USD/JPY Down On Economic Data

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• Forex – USD/JPY Down On Economic Data
• Japan’s Retail Sales Fall Less-than-expected
• Forex – NZD/USD Down In Asian Trade
• Tokyo’s Core Consumer Price Inflation Falls Unexpectedly
• Words For A New Era
• Skype Hit By Outage, Offers Quick Solution
• Neutral On The Medicines Co.
• The Day Ahead: US Personal Income And Spending, Pending Home Sales, U. Of Michigan Consumer Sentiment
• Hot Option Plays: Disappointing Data
• Hot Option Plays: Squeeze Trade
• Friday’s Stocks To Watch, May 27
• XL Group Reiterated At Neutral
• DexCom Reaffirmed Neutral
• AT&T To Launch LTE In Summer
• Goldman Gets OK For JV
• Corn Prices Continue To Pop
• Helmerich & Payne Downgraded
• Mylan Launches New Generics
• GE Unveils New Power Plant
• Revisiting Predictions
• IGT’s SbX At High Winds Casino
• Closing Bell Market Monitor: FSL, TIF, BIG, GES
• Forex – EUR/USD Up At The End Of U.S. Session
• AUD/NZD Completes A Harmonic Retracement Pattern At 1.31
• Forex – USD/JPY Down Toward The End Of U.S. Session
• HON In Iraq’s Refining Project
• CSC Revenue Flat, EPS Declines
• BofA Hires Small Business Bankers (revised)
• VeriFone Expands In Africa
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 0.07%
• Earnings Scorecard: Limited Brands
• Airgas Realigns Operations
• Stepping Inside The Recent Intraday Bullish Volume Flow Into Stocks
• Rules-Based Medicine Hits New High
• Temporary Restraining Order For LLY
• PPG Expects To Boost 2012 EPS
• Highwoods Stays Neutral
• Statoil And Petrobas Extend Ties
• BSX Grows Cardiovascular Portfolio
• Mixed Signs In U.S. Oil Demand
• Suntech Posts Lower Profits
• Bullish Player Fancies Luxury Hotel Options
• Is GBP/USD Completing A Bullish Impulse Wave After Breaking Above Channel?
• Bullish Player Fancies Luxury Hotel Options
• TARP Needs $102B To Wrap Up
• Public Storage Stays Neutral
• Making Money On Triple-Digit Oil
• Patterson Co. Tops Estimates
• Perry Ellis Beats, Ups Outlook
• First Horizon Upped To Neutral
• Tiffany Shines, Raises Outlook
• Foreclosed Home Sales Down
• Big Lots Beats On Bottom Line
• El Paso Forecasts A Strong 2011
• Will Boeing 787 Fly In August?
• Unum Commits 13.5% Dividend Hike
• Lenovo Sees Profit More Than Triple On Corporate Demand
• “Volume Low…market Flat, Ahead Of Holiday Weekend”
• Growth Quality Revised Lower, Pt. 2
• Growth Quality Revised Lower
• ONEOK Partners Stays Neutral
• Novartis Cites Positive Gout Data
• Georgia Central Bank Holds Refinancing Rate At 8.00%
• Forex – GBP/USD Up During The U.S. Session
• IMF Rattles Euro As It Says It May Withhold Next Tranche Of Greece Aid
• Volatile Yet Steady Trade In The Forex Markets
• Forex – USD/CAD Up In U.S. Trade

Forex – USD/JPY Down On Economic Data Posted: 26 May 2011 05:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Retail Sales.<br/><br/> USD/JPY was trading at 81.20, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 81.09, Thursday&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese retail sales fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s Retail Sales Fall Less-than-expected Posted: 26 May 2011 05:05 PM PDT Forex Pros – Japanese retail sales fell less-than-expected last month, official data showed on Thursday.<br/><br/>In a report, the Ministry of Economy Trade and Industry said that retail sales fell to a seasonally adjusted annual rate of -4.8%, from -8.3% in the preceding month whose figure was revised up from -8.5%.<br/><br/>Analysts had expected retail sales to fall at annual rate of -6.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 26 May 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8101, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 0.7860, Monday&rsquo;s low, and resistance at 0.8124, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.3124 and EUR/NZD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tokyo’s Core Consumer Price Inflation Falls Unexpectedly Posted: 26 May 2011 04:45 PM PDT Forex Pros – Tokyo&rsquo;s core consumer price inflation fell unexpectedly last month, official data showed on Thursday.<br/><br/>In a report, the Statistics Bureau said that Tokyo&rsquo;s core CPI, which excludes fresh food costs fell to at an annualized rate of 0.1%, from 0.2% in the preceding month.<br/><br/>Analysts had expected Tokyo&rsquo;s core CPI to remain unchanged at 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Words For A New Era Posted: 26 May 2011 04:42 PM PDT In “Post-Recession Lingo: Need-to-Know Phrases for Today’s Consumers,” Time.com’s It’s Your Money blog highlights some financial crisis-era contenders for addition to the Oxford English Dictionary. Adding to the list of post-recession terms such as “unbanked” (individuals without checking or savings accounts), “anti-dowry” (student loan debt holding you back from getting married or buying a house), and “Groupon remorse” (regret felt upon buying a daily deal you can’t use or never really … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Skype Hit By Outage, Offers Quick Solution Posted: 26 May 2011 03:57 PM PDT 05/26/11 Skype suffered an outage, affecting users around the globe. Ahead of an official fix, Skype offered instructions for addressing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On The Medicines Co. Posted: 26 May 2011 03:35 PM PDT We recently reiterated a Neutral recommendation on The Medicines Company (NASDAQ:MDCO), which carries a Zacks #3 Rank (short-term Hold rating). The Medicines Company reported a first-quarter profit of 60 cents per share, well above the Zacks Consensus Estimate of 39 cents and the year-ago profit of 19 cents. Performance was boosted by higher revenues. Revenues, up 9.8% at $112.1 million, surpassed the Zacks Consensus Estimate of $110 million. The Medicines Company's lead product, Angiomax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Personal Income And Spending, Pending Home Sales, U. Of Michigan Consumer Sentiment Posted: 26 May 2011 10:20 AM PDT 05/26/11 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: Disappointing Data Posted: 26 May 2011 03:19 PM PDT Cusick’s Corner Stocks are trading mixed in the wake of disappointing economic data. A report released early Thursday showed Gross Domestic Product increasing at an annual rate of just 1.8 percent during the first quarter of this year. Economists were looking for an increase of 2 percent. Separately, the Labor Department reported that jobless claims increased to 424,000 in the week ended May 21. Economists were expecting a decline to 400,000 from 414,000. Weak data seems to be weighing on some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Squeeze Trade Posted: 26 May 2011 03:19 PM PDT Cusick’s Corner Sorry folks — the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will “pop.” I was referring to the upside and that is what we saw into the After Hours. The velocity of this up move is also what I would call a classic squeeze trade, where the shorts get squeezed out of the market. With the long weekend starting after tomorrow, I am not expecting a big … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Friday’s Stocks To Watch, May 27 Posted: 26 May 2011 03:12 PM PDT ( click to enlarge ) TEKELEC (NASDAQ:TKLC) displayed some impressive relative strength with a 5.58% gain. Today TKLC broke out of its bull flag suggesting a further move to the upside and continuation of this bullish trend. The technical indicators are looking better now for the stock.  The stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

XL Group Reiterated At Neutral Posted: 26 May 2011 03:10 PM PDT XL Group plc (NYSE:XL) remains focused on business lines within its insurance and reinsurance operations that provide the best return on capital over the pricing cycle. The company is also taking initiatives to expand its operations. Moreover, XL Group continues to enhance shareholder value through dividend payment as well as share repurchase. However, these positives are somewhat dampened by XL Group's substantial exposure to losses resulting from natural and man-made disasters as well as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DexCom Reaffirmed Neutral Posted: 26 May 2011 03:05 PM PDT We reiterate our Neutral recommendation on DexCom Inc (NASDAQ:DXCM), a prominent player in the continuous glucose monitoring market. First-quarter fiscal 2011 loss per share of 19 cents was a penny higher than the Zacks Consensus Estimate. However, net loss trimmed roughly 42% year over year riding on solid revenues. Sales climbed 48.5% year over year to $14.2 million, but missed the Zacks Consensus Estimate. Product sales nearly doubled in the quarter. DexCom is focused on the development and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T To Launch LTE In Summer Posted: 26 May 2011 03:05 PM PDT The second-largest U.S. mobile service provider AT&T Inc.'s (NYSE:T) long-awaited 4G Long-Term Evolution (LTE) wireless network services is ready for a summer launch. AT&T is pursuing a number of strategies to tap opportunities in the wireless data market and currently operates the nation’s fastest mobile broadband network. The company is aggressivelydeploying its high-speed wireless datawith is High-Speed Packet Access Plus (HSPA+) network. In addition, the company is rapidly expanding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Gets OK For JV Posted: 26 May 2011 03:05 PM PDT Yesterday, The Goldman Sachs Group Inc. (NYSE:GS) received approval from sufficient number of shareholders of its Australian and New Zealand joint venture to acquire the remaining 55% of the business. GS, which held minority stake in the business for eight years, bid to buy the remaining stake in the JV in April. GS's primary intention was to strengthening its business control in Australian investment banking market. In 2003, GS acquired 45% stake in the Australian brokerage company, JBWere Ltd. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corn Prices Continue To Pop Posted: 26 May 2011 02:30 PM PDT 05/26/11 Corn prices continued to rise tis session on growing concerns over the effect inclement weather may have on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Helmerich & Payne Downgraded Posted: 26 May 2011 02:25 PM PDT We have downgraded contract drilling services provider Helmerich & Payne Inc. (NYSE:HP) shares to Neutral from Outperform after reviewing its quarterly operating performance. The company reported weaker-than-expected results for the second fiscal quarter of 2011 (three months ended March 31, 2011) due to muted performances from its offshore and international operations. Earnings per share from continuing operations (excluding special items) came to 93 cents, below the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mylan Launches New Generics Posted: 26 May 2011 02:25 PM PDT Mylan Inc.'s (NYSE:MYL) generic portfolio continued to be boosted with the launch of the generic version of Xanodyne Pharmaceutical's pain reliever Roxicodone. The generic has been launched under a development and supply agreement with Coastal Pharmaceuticals. The product recorded sales of $325 million in US for the twelve months endied March 31, 2011 according to data released by IMS Health. We note that the launch of the generic version of the pain reliever is the latest in the series of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE Unveils New Power Plant Posted: 26 May 2011 02:05 PM PDT General Electric Company (NYSE:GE) unveiled a power plant capable of adjusting its production based on fluctuations in wind and solar power. The company spent $500 million to develop the system. Drawing from its jet engine expertise, it designed a plant that will ramp up at a rate of more than 50 megawatts per minute, which is twice the rate of industry peers. In another development, a new data and analytics solution has developed by GE Healthcare and Thomson Reuters (NYSE:TRI).  This will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Revisiting Predictions Posted: 26 May 2011 02:05 PM PDT In this business, predictions are made all the time, but how often do folks look back and see how well the predictions have panned out? Well, here is a snippet from my June 2009 Strategy Report: “This will not be a V shaped recovery. At best we are looking at a U, and there is a very real possibility that we are looking at an L. After both of the last two recessions, unemployment remained high (and even rose) for a very long time after the recession formally ended. “That is likely to be the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IGT’s SbX At High Winds Casino Posted: 26 May 2011 02:05 PM PDT A leader in designing, manufacturing and marketing games, International Game Technology (NYSE:IGT) is set to install its sbX system at the High Winds Casino in Miami. sbX is the first server-based gaming solution that allows its operators to run their own choice of games at any time and also facilitates better casino floor management at lower operational costs. sbX also provides complete freedom to players in terms of game selection and experience (offers a more real-life feel of a casino). sbX … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: FSL, TIF, BIG, GES Posted: 26 May 2011 02:00 PM PDT … [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: 26 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4142, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4206, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 424K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Completes A Harmonic Retracement Pattern At 1.31 Posted: 26 May 2011 01:47 PM PDT Scenarios in the AUD/USD, AUD/JPY, and AUD/NZD (5/14 Video) AUD/NZD Short-term to Medium Term- The AUD/NZD has been in a very precipitous slide from 1.37 to 1.31 (market went below that today to 1.3065. This slide completes another declining wave with just above wave equality to the decline from 1.38 to 1.32. This is a type of harmonic retracement pattern, with ab=cd characteristic – a Gartley perhaps? - It might be argued that the previous upswing from 1.32 to 1.37 is too deep (78.6% … [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: 26 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 81.33, down 0.79% at time of writing.<br/><br/> The pair was likely to find support at 81.16, today&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HON In Iraq’s Refining Project Posted: 26 May 2011 01:35 PM PDT Technology of UOP LLC, a subsidiary of Honeywell International Inc. (NYSE:HON), has been chosen by the State Company for Oil Projects (SCOP) in Iraq for a new transportation fuel refinery to be built within the country. SCOP works under the Ministry of Oil for Iraq. The refinery, to be built at Nassiriya, Iraq, is planned to have a processing capacity of 300,000 barrels per day (bpd) of domestic crude oil into gasoline and diesel fuel. This will be achieved with the help of reforming, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC Revenue Flat, EPS Declines Posted: 26 May 2011 01:35 PM PDT Computer Sciences Corporation (NYSE:CSC) reported fourth quarter 2011 EPS of $1.01, exceeding the Zacks Consensus Estimate of 96 cents. Revenue The company's fourth quarter 2011 revenue of $4.20 billion was flat with the year-ago quarter. Fiscal 2011 was a tough year as the NHS contract was pushed out further. Additionally, CSC has had a difficult time with its Nordics business and delays in federal budgets. Irrespective of this, CSC recorded positive revenue growth in the Commercial business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Hires Small Business Bankers (revised) Posted: 26 May 2011 01:35 PM PDT Bank of America Corporation (NYSE:BAC) said on Tuesday that it has hired 75 small business bankers in the mid-Atlantic area, including 55 in the Baltimore-Washington DC area, 11 in Philadelphia and the remaining in southern New Jersey. This is a part of BofA's previously announced plan to hire more than 1,000 small business bankers across the country this year. The Baltimore-Washington DC, the greater Los Angeles and Dallas were the three markets where hiring initially started. BofA appointed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VeriFone Expands In Africa Posted: 26 May 2011 01:35 PM PDT VeriFone Systems Inc. (NYSE:PAY) in an effort to expand in developing economy recently entered into an agreement to acquire South Africa-based Destiny Electronic Commerce (Pty) Ltd. The financial terms were not disclosed. Destiny Electronic Commerce provides secure payment technologies, services and solutions at the point of sale for Sub-Saharan Africa and the Indian Ocean Islands. With this acquisition, management expects to expand its footprint in South Africa, having sound growth prospects of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 26 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.<br/><br/> EUR/USD was trading at 1.4131, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4206, today&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.07% Posted: 26 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.07%, the S&P 500 index gained 0.40%, while the Nasdaq 100 index climbed 0.65%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 424K last week from 414K in the preceding week whose figure was revised up from 409K.<br/><br/> Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Limited Brands Posted: 26 May 2011 12:55 PM PDT Limited Brands, Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted first-quarter 2011 results. Street analysts had over a week to ponder the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Report Review Limited Brand's quarterly earnings of 40 cents a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Airgas Realigns Operations Posted: 26 May 2011 12:55 PM PDT Airgas Inc. (NYSE:ARG) recently realigned its twelve regional companies into four new divisions, North, South, Central and West. Each Division will be led by its Division President, who will directly report to the Division Chief Financial Officer, Division Vice President of Human Resources, and Regional Company Presidents. This realignment will help Airgas reap benefits from its new customized SAP information platform. The company also announced that it intends to make two new recruitments for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stepping Inside The Recent Intraday Bullish Volume Flow Into Stocks Posted: 26 May 2011 12:49 PM PDT If you're an intraday trader of stock market index futures or ETFs, you probably noticed visible surges of buy/bullish volume into these funds today and Wednesday. Let's zoom-in on this bullish volume action and put it in context of the critical higher timeframe support level at 1,300 in the S&P 500. First, the SPY ETF Intraday: The chart above is the 4-min (to show more bars than the typical 5-min) view of the intraday SPY (S&P 500 ETF) from Wednesday the 25th to Thursday May … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rules-Based Medicine Hits New High Posted: 26 May 2011 12:35 PM PDT Recently, Rules-Based Medicine (RBM) achieved a significant milestone in a companion diagnostic development program with Roche (RHHBY). A biomarker pattern was identified using samples from a clinical trial conducted by Roche that could predict disease progression or monitor the effectiveness of a compound in its CNS pipeline. Based on the positive results so far, Roche has decided to continue with the commercial development of the product and could result in future milestone and royalty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Temporary Restraining Order For LLY Posted: 26 May 2011 12:35 PM PDT The United States District Court for the Southern District of California recently issued a temporary restraining order in the ongoing litigation between Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and Eli Lilly and Company (NYSE:LLY). The order restrains Eli Lilly from using the same sales force for selling exenatide as well as linagliptin (trade name: Tradjenta). The Court also instructed Eli Lilly to refrain from disclosing any confidential information regarding exenatide to any of the sales reps or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPG Expects To Boost 2012 EPS Posted: 26 May 2011 12:35 PM PDT PPG Industries Inc. (NYSE:PPG) expects to make an investment of around $750 million to $1.5 billion in 2011 for acquisitions, debt repayment and share repurchases, which will result in 2012 earnings increase of 15 cents to 55 cents a share. The company is also enacting further price increases in the third quarter. Recently, PPG Industries alsocompleted the acquisition of certain assets of Equa-Chlor Inc. a Longview, Washington based chlor-alkali manufacturer for approximately $27 million. With the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Highwoods Stays Neutral Posted: 26 May 2011 12:35 PM PDT We maintain our Neutral rating on Highwoods Properties, Inc. (NYSE:HIW), a real estate investment trust (REIT), as we anticipate it to perform in line with the broader market. Based in Raleigh, North Carolina, Highwoods owns and operates its properties through its wholly-owned subsidiary Highwoods Realty Limited Partnerships. Highwoods owns or has management interests in office, industrial, retail, and service center properties, including development projects and apartment units across the U.S. It … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil And Petrobas Extend Ties Posted: 26 May 2011 12:05 PM PDT Norway's Statoil ASA (NYSE:STO) and Brazilian state-run energy giant Petroleo Brasileiro (NYSE:PBR), aka Petrobras, signed a letter of intent (TOI) to extend their joint exploration venture in emerging oil acreages. Under the TOI, the companies intend to explore prospective oil projects from new acquisitions in areas of mutual interest and thereby expand technology cooperation. The exploration process will be done only through joint bidding in public bid rounds. Furthermore, the two national … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSX Grows Cardiovascular Portfolio Posted: 26 May 2011 12:05 PM PDT Recently, Boston Scientific (NYSE:BSX) received good news with respect to its Cardiovascular portfolio. The company's 2.25 mm Promus Everolimus-Eluting stent has received approval from the US Food and Drug Administration (FDA). The company expects to launch the product immediately in the US. With this approval, Boston Scientific's Promus stent portfolio includes ones of 2.25−4 mm in diameters and 8−28 mm length. Clinical studies have shown that about 10% of patients undergoing percutaneous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Signs In U.S. Oil Demand Posted: 26 May 2011 12:05 PM PDT The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude stockpiles, while gasoline supplies rose for the third straight week. However, the distillate numbers were quite bullish with inventories dropping sharply. Meanwhile, refiners improved processing rates to their highest level since January.   The Energy Information Administration (EIA) Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suntech Posts Lower Profits Posted: 26 May 2011 12:05 PM PDT Suntech Power Holdings Company Ltd (NYSE:STP) posted first quarter adjusted earnings of 17 cents per American Depositary Share (ADS), falling behind the Zacks Consensus Estimate of 35 cents. However results beat past the year-ago adjusted earnings of 11 cents. Operational Results          Suntech registered total net revenues of $877.0 million compared to $945.1 million in the fourth quarter of 2010 and $588.0 million in the first quarter of 2010. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish Player Fancies Luxury Hotel Options Posted: 26 May 2011 12:05 PM PDT Bullish player fancies luxury hotel options Today's tickers: OEH, GES, TKLC & COH (NYSE:OEH) – Orient-Express Hotels, Ltd. – Shares in the hotel and travel company with a taste for the luxury side of the leisure market slipped 2.15% this afternoon to $10.80, but options activity on Orient-Express Hotels today suggests shares may rebound by the end of the year. It looks like one optimistic investor purchased a call spread in the December contract to position for the stock to rise as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is GBP/USD Completing A Bullish Impulse Wave After Breaking Above Channel? Posted: 26 May 2011 11:48 AM PDT GBP/USD To Test Channel Resistance in US Session (5/25) GBP/USD Short-Term- The GBP/USD broke above a channel yesterday, and with force. The 4H chart shows the breakout, also pushign the RSI above 70 to give a bullish momentum confirmation. - This looks like a true reversal back to the upside. In other words, the decline since 1.6750 to 1.6060 appears over. Or at least, the market has set a new range, but for now is rallying from the new support. - The current levels at about 1.6400 is at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish Player Fancies Luxury Hotel Options Posted: 26 May 2011 11:44 AM PDT Bullish player fancies luxury hotel options Today's tickers: OEH, GES, TKLC & COH (NYSE:OEH) – Orient Express Hotels, Ltd. – Shares in the hotel and travel company with a taste for the luxury side of the leisure market slipped 2.15% this afternoon to $10.80, but options activity on Orient Express Hotels today suggests shares may rebound by the end of the year. It looks like one optimistic investor purchased a call spread in the December contract to position for the stock to rise as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TARP Needs $102B To Wrap Up Posted: 26 May 2011 11:35 AM PDT According to an article published by CNNMoney on Wednesday, after the repayment of $5.9 billion by Chrysler Group LLC and receipt of $8.7 billion in proceeds from the sale of American International Group Inc. (NYSE:AIG) shares, about $102 billion is still pending in the Treasury's $700 billion bailout through Troubled Asset Relief Program (TARP). The program was initiated two years back to rescue the nation's financial industry. However, many of the institutions are yet to repay their TARP … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Public Storage Stays Neutral Posted: 26 May 2011 11:35 AM PDT We maintain our Neutral rating on Public Storage (NYSE:PSA), a real estate investment trust (REIT) operating self-storage facilities, as we anticipate it to perform in line with the broader market. Public Storage is the largest owner and operator of storage facilities in the U.S. and has significantly increased the scale and scope of its operations through the acquisition of Shurgard Storage Centers that has a considerable presence in the European markets. Although Public Storage currently owns a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Making Money On Triple-Digit Oil Posted: 26 May 2011 11:25 AM PDT Wednesday trading action in crude oil saw the black gold stick its head above $100, which may be the least psychologically-significant round number out there since the people who do the trading are mostly professional speculators and energy companies who have lots of other things on their minds. In essence, this is not a retail market driven by reactionary extremes of emotion as much as it is a battle of titans who use either arsenals of supply/demand data or algorithmic trading firepower, or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Patterson Co. Tops Estimates Posted: 26 May 2011 11:25 AM PDT Patterson Companies Inc. (NASDAQ:PDCO) finished fiscal 2011 on a high note. The Minnesota-based distributor of dental and veterinary products posted fourth-quarter fiscal 2011 (ended April 30) earnings per share of 53 cents, ahead of the Zacks Consensus Estimate of 51 cents and the year-ago earnings of 52 cents. Net income edged up roughly 1.5% year over year to $62.7 million owing to higher sales. For fiscal 2011, earnings per share of $1.89 beat the Zacks Consensus Estimate by a penny while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perry Ellis Beats, Ups Outlook Posted: 26 May 2011 11:25 AM PDT Perry Ellis International Inc. (NASDAQ:PERY) posted adjusted earnings per share of $1.08 in the first quarter of fiscal 2012, treading ahead of the Zacks Consensus Estimate of 98 cents and the year-ago performance of 81 cents. GAAP net earnings came in at 99 cents per share, up from 81 cents in the year-earlier period. Perry Ellis’ total revenue surged 31% year over year in the quarter to $288.3 million, which also surpassed the Zacks Consensus Estimate of $272.0 million. Sales growth was aided by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Horizon Upped To Neutral Posted: 26 May 2011 11:06 AM PDT We have upgraded our recommendation on First Horizon National Corp. (NYSE:FHN) to Neutral following a detailed analysis of the company's first quarter 2011 earnings results, its strengths and weaknesses in light of the current economic environment. First Horizon's earnings came in at 15 cents per share, well ahead of the Zacks Consensus Estimate of 4 cents per share. Results also compared quite favorably with a loss of 20 cents per share in the prior quarter and a loss of 12 cents per share in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tiffany Shines, Raises Outlook Posted: 26 May 2011 11:06 AM PDT Tiffany & Company (NYSE:TIF) posted better-than-expected first-quarter 2011 results buoyed by improved demand for luxury items worldwide and consequently raised its full year outlook. The quarterly earnings of 67 cents a share surpassed the Zacks Consensus Estimate of 57 cents, and rose substantially from 48 cents earned in the prior-year quarter. The earnings also came well ahead of the company's previously provided guidance of 57 cents a share. The Zacks Consensus Estimate rose by a penny … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Foreclosed Home Sales Down Posted: 26 May 2011 11:06 AM PDT On Wednesday, data released by RealtyTrac, the leading online marketplace of foreclosure properties, showed that the total number of foreclosed properties sold in the first quarter of 2011 was 158,434, down 16% from the prior quarter and 36% from the prior-year quarter. Also, this figure is significantly below 350,000 foreclosed property sales reported in the first quarter of 2009. The report stated that out of this, 107,143 properties were bank-owned (down 11% sequentially and 30% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Big Lots Beats On Bottom Line Posted: 26 May 2011 11:06 AM PDT Big Lots Inc. (NYSE:BIG) recently posted first-quarter 2011 results. The quarterly earnings of 70 cents a share came ahead of the Zacks Consensus Estimate by 2 cents, and inched up 2.9% from 68 cents earned in the prior-year quarter. Big Lots operates as a broad line closeout retailer in the United States. The company offers food, health, beauty, plastic, paper, chemical and pet products as well as home decorative products, besides other product lines. The company's closeout format provides it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

El Paso Forecasts A Strong 2011 Posted: 26 May 2011 11:05 AM PDT Backed by strong year-to-date performance, El Paso Corporation (NYSE:EP) has decided to enhance its financial and operational guidance for 2011. Total production in 2011 is expected in the range of 830–860 million cubic feet equivalent per day (MMcfe/d), up from 782 MMcfe/d in 2010. The improved drilling results in the Eagle Ford Shale were attributed to the growth in production target. The 2011 adjusted segment earnings before interest, taxes and depreciation, depletion and amortization … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will Boeing 787 Fly In August? Posted: 26 May 2011 11:05 AM PDT The wait for Aerospace giant Boeing Company’s (NYSE:BA) 787 Dreamliner is  about to come to an end. The company and Japan's All Nippon Airways have agreed to work together to prove the readiness of the aircraft to ensure its entry into service on a commercial basis. The companies will use a second flight test aircraft, known as ZA002, and simulate in-service operations across several airports in Japan in a service-ready operational validation. The week of July 4 has been decided upon for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unum Commits 13.5% Dividend Hike Posted: 26 May 2011 11:05 AM PDT Unum Group (NYSE:UNM) remains steadfast in its commitment to return shareholder value. In this regard, its board of directors recently authorized an increase of 13.5% in its quarterly dividend. The increased dividend of 10.5 cents per share is expected to be paid in the third quarter of 2011. The company hiked the dividend from 9.25 cents a share paid on May 20, 2011. The latest dividend hike marks Unum's third consecutive year of quarterly dividend increase. Previously, Unum increased its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lenovo Sees Profit More Than Triple On Corporate Demand Posted: 26 May 2011 11:00 AM PDT 05/26/11 Lenovo Group, China's biggest maker of personal computers, reported fourth-quarter profit tripled on increased sales to businesses in the U.S. and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Volume Low…market Flat, Ahead Of Holiday Weekend” Posted: 26 May 2011 05:50 AM PDT 05/26/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on recent trading action, along with quantitative easing and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth Quality Revised Lower, Pt. 2 Posted: 26 May 2011 10:40 AM PDT (This blog is a continuation of “Growth Quality Revised Lower.”) Structures vs. Equipment & Software Non-residential or business investment can also be broken into two major parts, investment in structures, such as new office buildings and strip malls, and investment in equipment and software. Investment in structures subtracted 0.48 (0.63) points from growth in the first quarter. That is a very big negative swing from a contribution of 0.19 points in the fourth quarter. I have to say … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth Quality Revised Lower Posted: 26 May 2011 10:35 AM PDT This is effectively the same post as I put out when the first look at GDP in the first quarter was released last month. The numbers from the current release are in bold while those from the first release and for previous quarters are in normal font. This allows you to see exactly where the changes in the contributions to growth are coming from. Overall, this is a disappointing report. Not only was the headline number disappointing, but the quality of the growth was lower relative to both the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ONEOK Partners Stays Neutral Posted: 26 May 2011 10:35 AM PDT We retain our Neutral recommendation on Tulsa, Oklahoma-based ONEOK Partners L.P. (NYSE:OKS), one of the largest publicly traded master limited partnerships (MLP).  A leader in gathering, processing, storage and transportation of natural gas in the United States, ONEOK Partners’ assets comprise a geographically diverse collection of gathering and processing as well as transportation systems serving various customers in five distinctly different basins. Along with a sustained focus on adding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis Cites Positive Gout Data Posted: 26 May 2011 10:35 AM PDT In another positive pipeline development, Novartis (NYSE:NVS) recently announced positive data from two late stage trials of its pipeline candidate ACZ885 for the treatment of patients suffering from severe gouty arthritis, commonly known as gout. The data showed that ACZ885 was more effective in reducing patients' pain than an injectable steroid used for treating gouty arthritis attacks. ACZ885 also reduced the risk of new attacks by 68% compared to the steroids. Novartis filed regulatory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Georgia Central Bank Holds Refinancing Rate At 8.00% Posted: 26 May 2011 10:03 AM PDT The National Bank of Georgia held its benchmark refinancing interest rate unchanged at 8.00% and made no other changes to monetary policy.  Georgia reported annual consumer price inflation of 13.5% in April, above the Bank’s inflation target of 6.0%, but slightly lower than 13.9% in March.  The Bank last raised interest rates by 50bps in February.  According IMF statistics, Georgia saw average annual inflation of 4.95% in 2010, with the full year figure at 5.04%, while the … [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: 26 May 2011 09:55 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6378, up 0.64% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6390, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IMF Rattles Euro As It Says It May Withhold Next Tranche Of Greece Aid Posted: 26 May 2011 09:33 AM PDT The Euro was rattled again by negative headlines from the Greek sovereign debt situation. The main issue today was the announcement by the IMF that they may withhold their part of the aid from the next tranche of loans set to be disbursed to Greece. That disbursement is depended on Greece passing an IMF/EU review, which is due out tomorrow (and was originally supposed to be completed last week). From Reuters: "The International Monetary Fund may withhold the next slice of aid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volatile Yet Steady Trade In The Forex Markets Posted: 26 May 2011 04:30 AM PDT 05/26/11 The EUR/USD currency pair traded within a tight range ths afternoon following mixed economic reports and Greek debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 26 May 2011 09:30 AM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on GDP.<br/><br/> USD/CAD was trading at 0.9796, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 0.9734, Monday&rsquo;s low, and resistance at 0.9816, today&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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