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- Rewards Even Out Risks At Avon
- Rockwell Acquires Lektronix
- Gold Futures Rise To 3-week High Amid Mounting Greece Fears
- Stalking The EUR/USD In This Week’s Consolidation With An Elliott Wave Count
- 3M’s New Dressing Solution
- ABB’s New DC System
- Forex – USD/CAD Pulls Away From 2-month High As Oil Pares Losses
- FX Headlines: Risk Aversion Resumes As European Leaders Struggle To Find Solution For Greece
- Ardea Biosciences Evenly Poised
- Stock Market News Briefs: AutoZone, DSW, El Paso, FPIC Insurance Group, Google, Goldman Sachs Group, Gentiva Health Services, J P Morgan Chase & Co, THOMSON Multimedia S.A., Valeant Pharmaceuticals International
- Durable Goods Disappoint
- Disney Expands, Revamps Stores
- EUR/GBP Shows Bearish Bias After Respecting 0.8750
- Cheaper Beef Ahead?
- Morning Market Brief
- US Durable Goods Orders Continue Recent String Of Weak US Manufacturing Reports
- Bullish On Perrigo
- Bank Profits Highest Since 2007:Q2
- Earnings Preview: Patterson Co.
- Lender Processing Downgraded
- Forex – USD/CHF Hits 2-week Low After Slump In U.S. Durables
- President Obama, “Are You In?”
- U.S. Core Durable Goods Orders Fall Unexpectedly In April
- U.S. Stock Futures Dip As Applied Materials Drops; Dow Sheds 0.15%
- Celanese Increases Emulsion Prices
- EUR Falls To Fresh Record Low Vs CHF
- AUD/JPY In An Imminent Breakout From A 5-wave Triangle
- Pound Lifted By In-line Growth Data
- Forex – Dollar Mixed After Finland Approves Portugal Bailout
- Forex – GBP/USD Climbs To 3-day High As Risk Aversion Eases
- GBP/USD To Test Channel Resistance In US Session
- Forex – EUR/USD Pares Losses But Remains Under Pressure
- Oil Finds Support But Durable Goods Data Threatens, Gold Outlook Clouded
- Forex – EUR/CHF Tumbles To Fresh Record Low On Debt Woes
| Rewards Even Out Risks At Avon Posted: 25 May 2011 07:35 AM PDT We maintain our long-term 'Neutral' recommendation on Avon Products Inc. (NYSE:AVP). Avon Products is a leading global beauty company, with over $10.8 billion in annual revenue in 2010. As the world’s largest direct seller of beauty and related products, the company markets its products to women in over 100 countries through 6.2 million independent sales representatives. The company also derives a substantial portion of its revenue from high-growth emerging markets, which offer a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 May 2011 07:35 AM PDT Rockwell Automation Inc. (NYSE:ROK) recently announced the acquisition of a British company Lektronix, headquartered in Cannock, U.K, for an undisclosed price.
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| Gold Futures Rise To 3-week High Amid Mounting Greece Fears Posted: 25 May 2011 07:16 AM PDT Forex Pros – Gold futures were up for a fourth day on Wednesday, climbing to a fresh three-week high as mounting fears over Greece’s sovereign debt and concerns over the pace of the U.S. economic recovery boosted the safe haven appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,529.15 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stalking The EUR/USD In This Week’s Consolidation With An Elliott Wave Count Posted: 25 May 2011 07:12 AM PDT EUR/USD Maintains Bearish Momentum and Completes Zig Zag Correction (5/24) Short-term- After completing a zig zag correction in the previous Asian session, the market failed to continue the downtrend in the European session.
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| Posted: 25 May 2011 07:05 AM PDT 3M Company's (NYSE:MMM) Skin and Wound Care launched a new dressing solution called 3M™ Tegaderm™ Diamond Pattern Film Dressing. This is an adaptable solution with transparent, breathable film, preferred frame delivery system and new, Comfort Adhesive Technology.
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| Posted: 25 May 2011 06:55 AM PDT ABB Ltd. (NYSE:ABB) launched a new DC (direct current) electrical system, to be used in marine applications. The new DC system can be utilized in a number of vessels for highly efficient power distribution and electric propulsion.
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| Forex – USD/CAD Pulls Away From 2-month High As Oil Pares Losses Posted: 25 May 2011 06:53 AM PDT Forex Pros – The U.S. dollar eased off a two-month high against its Canadian counterpart on Wednesday, as crude oil, Canada’s largest export, trimmed losses ahead of a U.S. government report on oil stockpiles.<br /><br />USD/CAD pulled away from 0.9816, the pair’s highest since March 28, to hit 0.9767 during early U.S. trade, unchanged on the day.<br /><br />The pair was likely to find support at 0.9696, the low of May 18 and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| FX Headlines: Risk Aversion Resumes As European Leaders Struggle To Find Solution For Greece Posted: 25 May 2011 06:43 AM PDT The move to risk-aversion resumed in the overnight session Wednesday, with the Swiss Franc continuing what has been essentially an unimpeded battering against the Euro since the beginning of April. The British Pound, on data showing that net exports surged in the first quarter, also proved to be a strong performer in the overnight, despite other components of GDP suggesting that the country is indeed on the verge of a stagflating economy. Fundamental Headlines
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| Ardea Biosciences Evenly Poised Posted: 25 May 2011 06:36 AM PDT We are maintaining our Neutral recommendation on Ardea Biosciences Inc. (NASDAQ:RDEA) with a target price of $24.00.
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| Posted: 25 May 2011 06:36 AM PDT Shares of Yandex NV (YNDX) gained more than 55% to close at $38.84 in its opening trading day at the American exchange. Yandex is a Russian internet search company and its IPO was the biggest in the Internet sector after Google (NASDAQ:GOOG) Automotive-parts retailer AutoZone, Inc.'s (NYSE:AZO) shares surged 5.97% after the company reported third-quarter results that came in above analysts estimates and the Street's expectations Shoe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 25 May 2011 06:36 AM PDT Concerns about the near-term growth outlook of the U.S. economy may have started to move beyond the debate stage and start showing up in estimates for second quarter GDP. The estimate cut by economists at JPMorgan (NYSE:JPM) this morning to 2.5% from 3.2%, citing temporary factors, could be an early sign of the emerging trend on the estimates front. Today’s soft durable goods report for April, coming after a slew of mixed reports on the nation’s manufacturing picture in recent days, will likely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Disney Expands, Revamps Stores Posted: 25 May 2011 06:36 AM PDT Disney store, the retail merchandising arm of The Walt Disney Company (NYSE:DIS), recently announced its plans to open interactive concept stores in more than 40 locations in 2011, thus expanding its reach to new markets.
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| EUR/GBP Shows Bearish Bias After Respecting 0.8750 Posted: 25 May 2011 06:34 AM PDT The Euro Ends Week Returning to Vulnerability (5/20) - The EUR/GBP respected the 0.8750 pivot in a ranging market.
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| Posted: 25 May 2011 06:19 AM PDT Today’s Idea
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| Posted: 25 May 2011 06:15 AM PDT 05/25/11 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
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| US Durable Goods Orders Continue Recent String Of Weak US Manufacturing Reports Posted: 25 May 2011 06:10 AM PDT US durable goods orders – those designed to last more than 3 years – fell by 3.6% in April, a figure that was lower than forecasts, led by declines in airplanes and supply disruptions to auto manufacturers. Orders excluding the volatile transportation equipment category decreased 1.5 percent in April after a 2.5 percent gain. The median projection in the Bloomberg survey was for a 0.5 percent rise.
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| Posted: 25 May 2011 06:06 AM PDT We have maintained our Outperform recommendation on Perrigo Company (NASDAQ:PRGO) with a target price of $100.00 on the back of impressive third quarter fiscal 2011 financial results.
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| Bank Profits Highest Since 2007:Q2 Posted: 25 May 2011 06:06 AM PDT From the FDIC’s Quarterly Banking Profile: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $29 billion in the first quarter of 2011, an $11.6 billion improvement (66.5 percent) from the $17.4 billion in net income the industry reported in the first quarter of 2010. This is the seventh consecutive quarter that earnings registered a year-over-year increase. For the sixth consecutive quarter, reduced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Earnings Preview: Patterson Co. Posted: 25 May 2011 06:05 AM PDT Patterson Companies Inc (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, is slated to report its fourth-quarter fiscal 2011 results before the opening bell on Thursday, May 26. Based of its tepid third quarter results, the Minnesota-based company, in February, pared down its earnings per share target for 2011 to $1.86-$1.88 from its earlier guidance of $1.89-$1.99.
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| Posted: 25 May 2011 06:05 AM PDT We downgrade our recommendation for Lender Processing Services Inc. (NYSE:LPS) from Neutral to Underperform based on a host of factors like its first-quarter 2011 earnings, possibility of further foreclosure delays, high debt in its balance sheet and decreased outlook for 2011.
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| Forex – USD/CHF Hits 2-week Low After Slump In U.S. Durables Posted: 25 May 2011 05:58 AM PDT Forex Pros – The U.S. dollar extended early losses against the Swiss franc on Wednesday, declining to a two-week low after government data showed that U.S. durable goods orders slumped in April, posting the biggest drop in six months.<br /><br />USD/CHF hit 0.8738 during European afternoon trade, the pair’s lowest since May 10; the pair subsequently consolidated at 0.8744, shedding 0.63%.<br /><br />The pair was likely to find short-term support at 0.8675, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| President Obama, “Are You In?” Posted: 25 May 2011 05:57 AM PDT Information is everything.
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| U.S. Core Durable Goods Orders Fall Unexpectedly In April Posted: 25 May 2011 05:37 AM PDT Forex Pros – U.S. core durable goods orders fell unexpectedly in April, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted -1.5% in April, after rising by 2.5% in March, whose figure was upwardly revised from 1.3%. <br /><br />Analysts had expected core durable goods orders to rise by 0.6% in April.<br /><br />The report showed that durable goods orders, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Dip As Applied Materials Drops; Dow Sheds 0.15% Posted: 25 May 2011 05:28 AM PDT Forex Pros – U.S. stock futures pointed to a modestly lower open on Wednesday, as investors awaited key data on U.S. durable goods orders, while shares in Applied Materials dropped sharply ahead of the open after posting a disappointing outlook.<br /><br />Dow Jones Industrial Average futures pointed a decline of 0.15%, the S&P 500 futures dipped 0.2%, while Nasdaq 100 futures shed 0.15%. <br /><br />The world’s largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Celanese Increases Emulsion Prices Posted: 25 May 2011 05:25 AM PDT Effective June 15, 2011, specialty material company Celanese Corporation (NYSE:CE) will increase the price of all emulsions sold in the Americas.
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| EUR Falls To Fresh Record Low Vs CHF Posted: 25 May 2011 05:17 AM PDT The Euro was generally mixed against the USD, falling in early Asian trading, but recouping a good part of its losses in the European session, turning this week into a very sideways affair in the EUR/USD pair.
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| AUD/JPY In An Imminent Breakout From A 5-wave Triangle Posted: 25 May 2011 05:13 AM PDT AUD/JPY - The AUD/JPY pair can be seen in a triangle completing a 5-wave-count and getting close to the apex.
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| Pound Lifted By In-line Growth Data Posted: 25 May 2011 05:02 AM PDT The necessary evil of a Greek default continues to hang overhead like the Sword of Damocles with some wishing for its fall given the prospect of its removal seems less likely. This year's Sherlock Holmes award goes to EU Monetary Commissioner Olli Rehn who earlier told an OECD forum in Paris that Greece is "the most difficult case" among the three bailout victors. Yesterday's commodity rebound has paled into insignificance as investors balk at the prospects for growth should the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Mixed After Finland Approves Portugal Bailout Posted: 25 May 2011 04:58 AM PDT Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as risk aversion eased after Finland approved a bailout for debt-laden Portugal but concerns over Greek sovereign debt persisted.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD sliding 0.16% to hit 1.4077.<br /><br />Earlier in the day, Finland’s parliament approved Portugal’s EUR 78 billion bailout package from the European Union and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Climbs To 3-day High As Risk Aversion Eases Posted: 25 May 2011 04:33 AM PDT Forex Pros – The pound erased losses against the U.S. dollar on Wednesday, rising to a three-day high after Finland’s parliament approved Portugal’s bailout package, soothing some concerns over the sovereign debt crisis in the euro zone.<br /><br />GBP/USD clawed back up from 1.6130, the daily low to hit 1.6235 during European afternoon trade, gaining 0.33%.<br /><br />Cable was likely to find short-term support at 1.6056, Tuesday’s low and a seven-week low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/USD To Test Channel Resistance In US Session Posted: 25 May 2011 04:27 AM PDT GBP/USD Reacts after 50% Retracement (5/24) Short-Term- The GBP/USD did not resume the downtrend, not after 50%, not after 61.8% retracement. Looking at the 1H chart below, it is now heading towards 78.6% retracement, and more importantly, it is testing the declining channel resistance heading into the US session.
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| Forex – EUR/USD Pares Losses But Remains Under Pressure Posted: 25 May 2011 03:59 AM PDT Forex Pros – The euro pared losses against the U.S. dollar on Wednesday, after Finland’s parliament approved Portugal’s bailout package, but the single currency remained under pressure amid ongoing concerns over Greece’s sovereign debt.<br /><br />EUR/USD eased off 1.4012, the daily low, to hit 1.4063 during European early afternoon trade, still down 0.25% on the day.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Finds Support But Durable Goods Data Threatens, Gold Outlook Clouded Posted: 25 May 2011 03:43 AM PDT Commodities – Energy
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| Forex – EUR/CHF Tumbles To Fresh Record Low On Debt Woes Posted: 25 May 2011 03:21 AM PDT Forex Pros – The euro tumbled to a fresh record low against the safe haven Swiss franc on Wednesday, as mounting concerns over Greece’s sovereign debt crisis weighed heavily on market sentiment.<br /><br />EUR/CHF hit 1.2306 during European morning trade, the pair’s lowest since the launch of the single currency in 1999; the pair subsequently consolidated at 1.2305, tumbling 0.84%.<br /><br />The pair was likely to find short-term support at 1.2250 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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