Monday, May 23, 2011

DailyMarkets.com - HWAY: Higher Well-Being For Seniors

DailyMarkets.com - HWAY: Higher Well-Being For Seniors


HWAY: Higher Well-Being For Seniors

Posted: 23 May 2011 09:34 AM PDT

Healthways (NASDAQ:HWAY), a prominent provider of composite healthcare solutions designed to reduce systemic costs, recently revealed that the Gallup-Healthways Well-Being Index ("WBI") showed that Americans aged over 65 years are enjoying the greatest overall well-being.   
The report found that as Americans get older, they show a steady rise in healthy behavior patterns and demonstrate better satisfaction at the office. The basic access to the necessities of life reaches new heights … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Enzon Stops Colorectal Cancer Study

Posted: 23 May 2011 09:34 AM PDT

Enzon Pharmaceuticals (NASDAQ:ENZN) recently announced its plans to halt studies of its PEG-SN38 program for the treatment of metastatic colorectal cancer (mCRC). PEG-SN38 (EZN-2208) is a PEGylated version of the active metabolite of the cancer drug, irinotecan. The study is being discontinued in order to focus resources to other areas with nearer-term commercial potential. A mid-stage study of the program in this indication had recently concluded. Enzon however continues studies of the PEG-SN38 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Are Great, But…

Posted: 23 May 2011 09:33 AM PDT

The first quarter earnings season is almost done. We now have 481 (96.2%) of the S&P 500 reports in. Net income growth is 17.2%. While that is down from the extremely strong 30.9% those same 481 firms posted in the fourth quarter, it is still a very strong growth rate.

Almost all of the growth slowdown is from a failure of the Financial sector to repeat the massive growth they posted in the fourth quarter. It's not that the Financials are having a bad quarter, but they do face much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Raytheon’s New Mark In Radar Program

Posted: 23 May 2011 09:05 AM PDT

Raytheon Company (NYSE:RTN) said it has reached a production milestone under the U.S. Navy’s Air & Missile Defense Radar (AMDR) program. The company said it has produced the first group of S-band transmit/receive (T/R) modules for the program, which perfectly meets all AMDR performance and reliability requirements.
Under the program, Raytheon hopes to leverage its established manufacturing expertise, experience and capacity to deliver a low-risk, high-performance system on schedule and keeping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Profit Trends Down At Citi Trends

Posted: 23 May 2011 09:05 AM PDT

Citi Trends Inc. (NASDAQ:CTRN) recently reported sluggish fiscal 2011 first-quarter results. The company reported a net income of $12.1 million compared with $12.4 million in the year-ago quarter. Net income per share came in at 83 cents versus 86 cents in the year-ago quarter. Earnings failed to beat the Zacks Consensus Estimate of 87 cents per share. 
During the quarter, Citi Trends recorded a 4.3% year-over-year growth in net sales to $189.2 million, missing the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down At The End Of European Session

Posted: 23 May 2011 09:05 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4013, down 1.02% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, today&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8702 and EUR/JPY falling 0.89% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Krispy Kreme Serves Up Its Sweetest Profit In Seven Years

Posted: 23 May 2011 09:00 AM PDT

05/23/11 Improvements in same-store sales and a double-digit revenue growth helped pave the way for quite the impressive earnings report for Krispy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Turmoil Lifts Key Bond Prices

Posted: 23 May 2011 08:40 AM PDT

Europe woke up altogether on the wrong side of bed on Monday with investors dumping stocks, commodities and peripheral government bonds as the political and economic climate took a pounding. Yields on core government bonds slid while those on less well-to-do nations rose as did the cost of insuring against the unsavory prospect of default. Global stock markets were ravaged as news unfolded on Monday in part due to prospects of economic weakness while the debt-gridlock across the Eurozone took … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: AutoZone Inc.

Posted: 23 May 2011 08:35 AM PDT

AutoZone Inc. (NYSE:AZO) is expected to release its results for third quarter fiscal 2011 before the market opens on May 24, 2011. Tennessee-based AutoZone earned a profit of $3.34 cents per share in the second quarter, significantly above the Zacks Consensus Estimate of $3.07 per share.
In the upcoming quarter, the Zacks Consensus Estimate for AutoZone is pegged at a profit of $4.97 per share, reflecting an annualized growth of 21%. The upside potential of the estimate, essentially a proxy for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BJ’s In Neutral Lane

Posted: 23 May 2011 08:26 AM PDT

We are reiterating our long-term 'Neutral' recommendation on BJ's Wholesale Club Inc. (NYSE:BJ) with a price target of $54.00. Moreover, BJ's Wholesale holds a Zacks #3 Rank, which translates into a short-term 'Hold' rating.
Boasting a viable business strategy and a healthy balance sheet, BJ's Wholesale Club offers investors one of the strongest growth stories in this space. For fiscal 2011, the company expects to achieve earnings per share growth of 5.9% to 13.8% based on net sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pitney’s New Offering

Posted: 23 May 2011 08:26 AM PDT

Pitney Bowes Inc.'s (NYSE:PBI) wholly owned subsidiary Pitney Bowes Business Insight launched a complete solution for customer self-service and self-care facility, called the Pitney Bowes® EngageOne Liaison™. The self service solution consists of best-of-breed customer and data analytics, billing intelligence, and electronic bill presentment and payment (EBPP) and facilitates use of all these facilities on a mobile device.
The new offering is an add on to Pitney Bowes Business Insight's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Makes New Lows. Stays Below 100 Day MA

Posted: 23 May 2011 08:25 AM PDT

The corrective move to the upside in the NY session was able to stay below the 100 day MA at the 1.6154 level (see chart above) and also below the 100 bar MA on the 5 minute chart/38.2% of the move down from the high today to the low today. This keeps the bears in charge of the market. The price in the pair has not closed below the 100 day MA since mid January 2011. This should be significant and should lead to further potenial for downside momentum (stay below the 100 day MA). 

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


AUD/USD Maintains Bearish Momentum With Swing Projections Near 1.04

Posted: 23 May 2011 08:22 AM PDT

AUD/USD's Double Bottom Failure Suggests Further Downside Correction (5/17)
AUD/USD

- The AUD/USD failed to establish a bottom near 1.05. Instead the market has already cracked lat week's low, threatening further declines.
- Bearish momentum is maintained, as the RSI reading remained below 60, and is now attempting to break back below 30.
- A couple of swing projections both target the 1.04-1.0420 area.
- Below 1.04, the next support pivot is at 1.0250. The 61.8% retracement of the rally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 23 May 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 23 May 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Key ST Resistance At 98

Posted: 23 May 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 23 May 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: The Downside Prevails

Posted: 23 May 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Lowe’s

Posted: 23 May 2011 08:05 AM PDT

Lowe's Companies Inc. (NYSE:LOW), a home improvement retailer, recently posted first-quarter 2011 results.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Earnings Report Review
Lowe's recently posted lower-than-expected first-quarter 2011 results on both top and bottom lines, reflecting sluggish economic recovery … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Exelon In Merger Mood

Posted: 23 May 2011 08:05 AM PDT

Exelon Corporation (NYSE:EXC) along with Constellation Energy Group Inc. (NYSE:CEG) filed an application for approval by the Federal Energy Regulatory Commission (FERC) related to the proposed merger between the two companies.
The filing with FERC demonstrates the companies' strong commitment to ensure that the merger will not give way to market threats or competitive concerns. In the filing, the companies commit that the combined company will, within 180 days after the closing of the transaction, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Jump To 3-week High On Demand Outlook

Posted: 23 May 2011 07:54 AM PDT

Forex Pros – Natural gas futures extended sharp gains from the previous session on Monday, jumping to a three-week high after forecasts showed warmer-than-normal temperatures across much of the U.S., boosting demand expectations for the fuel.&nbsp; <br /><br />On the New York Mercantile Exchange, natural gas futures for June delivery traded at USD4.354 per million British thermal units during U.S. morning trade, jumping 2.3%. <br /><br />It earlier rose by as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Global Stocks Fall, Risk Aversion Up

Posted: 23 May 2011 07:52 AM PDT

05/23/11 The major US stock averages started lower by over 1%, on Euro-zone debt jitters and weaker-than-expected preliminary PMI in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Up Vs. Rivals As Risk Sentiment Hit By EZ Debt Woes

Posted: 23 May 2011 07:44 AM PDT

Forex Pros – The U.S. dollar was up against all of its major counterparts on Monday, as risk appetite soured amid speculation over possible restructuring of Greek debt and as China’s manufacturing sector showed signs of slowing in May.<br /><br />During early U.S. trading hours, the greenback was sharply higher against the euro, with EUR/USD tumbling 0.84% to hit 1.4037.<br /><br />Worries about Greek debt intensified after Fitch Ratings downgraded the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Showing Some Additional Signs Of Bottoming But Activity Light/targets Are Lined Up

Posted: 23 May 2011 07:39 AM PDT

The EURUSD took the first step toward higher levels. The price has moved above the 100 bar MA on the 5 minute chart at the 1.4017 level. Staying above the level keeps the intraday bias slightly positive.   However, given the trend to the downside over the last few days the technical resistance levels are lining up.  This makes the upside bias cautiously bullish.
The next target on the topside that needs to be breached is the 200 bar MA on the 5 minute chart.  The level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Monday Morning Links

Posted: 23 May 2011 07:37 AM PDT

1. Interactive Chart of Public Debt by Country (HT: CME Group)  

2. Baltimore food trucks should be allowed to compete: It’s unfair for the city of Baltimore to protect brick-and-mortar restaurants at the expense of food trucks. 

3. Amazing photos of extraordinary homemade dams.  

4. Oil and natural gas industry contributes $1 trillion (7.7% of GDP) and 9.2 million jobs (5.3% of total jobs) to the U.S. economy.

5. Christina Romer’s plain, adult talk on the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Erase Losses On Mounting Euro Zone Debt Fears

Posted: 23 May 2011 07:35 AM PDT

Forex Pros – Gold futures erased losses on Monday, as mounting fears over the euro zone&rsquo;s peripheral debt crisis boosted the safe haven appeal of the precious metal, however gains were capped amid a broadly stronger U.S. dollar.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,516.35 a troy ounce during U.S. morning trade, edging 0.23% higher.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Close To 6-week Low As Risk Appetite Crumbles

Posted: 23 May 2011 07:34 AM PDT

Forex Pros – The pound was trading close to a six-week low against the U.S. dollar on Monday, as concerns about possible debt restructuring in Greece and ratings outlook downgrade in Italy saw investors slash exposure to riskier assets.<br /><br />GBP/USD hit 1.6106 during early U.S. trade, the pair&rsquo;s lowest since May 18; the pair subsequently consolidated at 1.6134, shedding 0.58%.<br /><br />The pair was likely to find short-term support at 1.5970, the low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Strength Leads To Crude Price Decline

Posted: 23 May 2011 02:30 AM PDT

05/23/11 Front month crude prices dropped to trade below $97 this morning as the dollar strengthened and eurozone debt crisis concerns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Pares Back Losses, Debt Concerns Persist

Posted: 23 May 2011 07:19 AM PDT

Forex Pros – The euro pulled away from a 10-week low against the U.S. dollar on Monday, but remained under pressure amid speculation over a possible restructuring of Greek sovereign debt.<br /><br />EUR/USD pulled back from 1.3970, the pair&rsquo;s lowest since March 17, to hit 1.4033 during early U.S. trade, still down 0.87% on the day.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance at 1.4144, the day&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


World Trade And Output Have Fully Recovered

Posted: 23 May 2011 07:18 AM PDT

The CPB Netherlands Bureau for Economic Policy Analysis released its monthly report today on world trade and world industrial production for the month of March.  Here are some of the highlights:

1. World trade volume increased in March for the seventh consecutive month, bringing global trade to a new all-time record high (see chart).   This was also the fourth month in a row that world trade was above the previous peaks during early 2008 when the U.S. recession and financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fitbug Agrees Rewards Deal With South Africa’s Largest Private Medical Insurer

Posted: 23 May 2011 01:33 AM PDT

Fitbug (LON:FITB) , the AIM quoted personal health and well-being business, has signed a partnership agreement with the rewards subsidiary of South Africa's largest private medical insurer. The deal has been struck with Vitality Healthstyle Pty Ltd, which is part of Discovery Health, and will see Fitbug's health and well-being technology marketed to members of Discovery's Vitality rewards programme.

Discovery is the parent company of PruHealth in the UK and The Vitality Group (TVG) in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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