DailyMarkets.com - Buffett Closes Wesco Deal

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• Buffett Closes Wesco Deal
• Madoff Trustee Claims More From JPM
• BofA Invests In Solar Energy
• Was The IEA’s Decision To Release Strategic Oil Supplies Short-sighted?
• Are You Prepared For Volatility In Today
• Rewards Even Out Risks At Hess
• NC2 Gets A New President
• Newmont Downgraded To Neutral
• BUY DAG @ $12.55
• Forex – EUR/USD Up At The End Of European Session
• What’s Wrong In America? Laurence Meyer ‘Nails It’
• Fears Remain Elevated Ahead Of Greek Austerity Vote
• Forex Trading: EURCAD Moves Higher As CAD$ Weakness Trumps EURO Weakness (for Now)
• Positive CHMP Opinion For Amgen Drug
• Mattel Stays Neutral
• Viacom’s Legal Woes Continue
• Earnings Preview: KB Home
• Mid-America Buys Assets In Florida
• CRL For Pfizer/Pain’s Remoxy
• Word From The Floor: US Stocks Open Higher, Dow Up 100 Pts.
• Forex Trading: EURUSD Moves Sharply Higher. Market Talk Of A Middle Eastern Buyer Helps The Sentiment
• Why Money Managers Fail To Beat The Market
• Natural Gas Futures Gain Amid Favorable Demand Outlook
• Forex – Dollar Broadly Lower Vs. Rivals As Euro Regains Ground
• Forex – GBP/USD Eases Off 5-month Low But Gains Limited
• Forex Trading: USD/JPY Pushes To The Upside
• Gold Futures Pare Losses As U.S. Dollar Turns Lower
• Forex – EUR/USD Holds Gains As Greek Austerity Vote Looms
• GBP/JPY Attempting To Bottom
• Crude Falls Below $91
• Morning Market Brief
• ServicePower Technologies Signs Contracts Worth £2.9m
• Visa Credit Cards – Which Visa Card Should You Get?

Buffett Closes Wesco Deal Posted: 27 Jun 2011 10:00 AM PDT Last Friday, Berkshire Hathaway Inc. (BRK.A)(BRK.B) chairman and chief executive officer Warren Buffett announced that the company had successfully acquired the remaining 20% of Wesco Financial Corp., a company run and controlled by Berkshire's vice-chairman Charles T. Munger. Wesco held a special shareholder meeting on Friday near its Pasadena, California, headquarters to seek approval for the impending acquisition. Much to the company's delight, the majority of the shareholders (93%) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Madoff Trustee Claims More From JPM Posted: 27 Jun 2011 10:00 AM PDT Madoff Securities trustee, Mr. Irving Picard, in an amended lawsuit filed on Friday has claimed compensation of nearly $19 billion from JPMorgan Chase & Co. (NYSE:JPM) for its alleged role in the scam revolving around Bernard L. Madoff Investment Securities LLC. Earlier in December 2010, JPM, which was the primary banker to Madoff Securities, had been sued for $6.4 billion including $1 billion in transfer and claims. At that time, the company was accused of violating banking laws and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Invests In Solar Energy Posted: 27 Jun 2011 09:35 AM PDT Last week, Bank of America Corporation (NYSE:BAC), Prologis and NRG Energy announced an offer to help the largest distributed rooftop solar generation project in the world. The offer includes a provisional assurance with respect to finance from the U.S. Department of Energy’s Loan Programs Office. The loan guarantee will facilitate debt of $1.4 billion of the total project size of about $2.6 billion, which will be financed completely by the private sector over the next four years. After receiving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Was The IEA’s Decision To Release Strategic Oil Supplies Short-sighted? Posted: 27 Jun 2011 09:18 AM PDT Today’s Idea Given the increased supplies of high grade Crude that will be placed in the market in the next several weeks, the term structure of the Brent futures has moved from a backwardation to a contango. Some traders looking for the near-tem contract to lose ground vs. a more deferred contract may wish to explore bear spreads in Brent Crude Oil futures. For example, the October 2011 Brent Crude futures could be bought and the August Brent Crude Oil futures sold. Currently August is trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Are You Prepared For Volatility In Today Posted: 27 Jun 2011 09:18 AM PDT Are you prepared for volatility in today's market? Take advantage of @smartstops 14-day trial and see how you can protect your … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rewards Even Out Risks At Hess Posted: 27 Jun 2011 09:10 AM PDT We are maintaining our long-term Neutral recommendation for Hess Corporation (NYSE:HES). The company's lower-than-expected first quarter 2011 results and tempered production outlook for 2011 were balanced by the ramp-up in activities in its extensive exploration and development projects for the balance of the year. Although Hess underperformed in the first quarter, its earnings improved significantly from the year-ago period on higher crude oil realizations. However, we remain apprehensive about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NC2 Gets A New President Posted: 27 Jun 2011 09:05 AM PDT The board of directors of NC2 Global, LLC – a global 50:50 commercial truck joint venture between Caterpillar Inc. (NYSE:CAT) and Navistar International Corp. (NYSE:NAV) – has appointed Phil Christman as its new president, effective immediately. Phil Christman will replace Al Saltiel, who served since July 2009. Al Saltiel will now go back to Navistar as its chief marketing officer. Christman joined Navistar in 1986, where he took up various positions ranging from varied leadership roles to vice … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newmont Downgraded To Neutral Posted: 27 Jun 2011 09:05 AM PDT Despite the excellent first-quarter 2011 results provided by Newmont Mining Corporation (NYSE:NEM), we are downgrading our recommendation from Outperform to Neutral based on a number of challenges that the company faces at the Boddington mine. Newmont reported adjusted net income of $513 million or $1.04 per share, up from last year's $408 million or $0.83. The result eclipsed the Zacks Consensus Estimate of $0.96 per share. Total revenue was $2.5 billion, up 10% year over year, below the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BUY DAG @ $12.55 Posted: 27 Jun 2011 09:03 AM PDT This is just a little day trade.  I just bought DB Agriculture Double Long ETN (DAG) at $12.55. I have been eyeing various ETFs for a week or more, waiting for something to get a little too out of line.  I found one the other day (YINN) and couldn’t quite get myself to pull the trigger.  Too bad because it was just a shade higher than $36 and now two days later it is $41.  Anyway, it had the same positive divergence as DAG has now so…….. My TSI Trading record has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 27 Jun 2011 09:00 AM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending.<br/><br/> EUR/USD was trading at 1.4282, up 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, today&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending remained unchanged unexpectedly at a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What’s Wrong In America? Laurence Meyer ‘Nails It’ Posted: 27 Jun 2011 08:55 AM PDT It is not often that I witness an individual pierce through the smoke and mirrors that disguise our nation's central problems and state succinctly what Sense on Cents believes so strongly. I had the benefit of capturing the wisdom of just one such individual this morning. I welcome sharing the wise perspective of one Laurence Meyer, as highlighted in this morning's Wall Street Journal, "I think [pessimism about the state of the country] has absolutely nothing to do with the current … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fears Remain Elevated Ahead Of Greek Austerity Vote Posted: 27 Jun 2011 08:42 AM PDT The worst fears investors may have harbored ahead of the weekend failed to materialize on Monday although there remains a bid to bonds keeping yields low. There is a sense among investors that even if the Greek Parliament manages to pass the €78 billion fiscal austerity package midweek, European leaders will be powerless to prevent the crisis from spreading. And while bond prices have retreated from gains made in to the weekend, the noteworthy action is across several short-ends where … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURCAD Moves Higher As CAD$ Weakness Trumps EURO Weakness (for Now) Posted: 27 Jun 2011 08:28 AM PDT The decline in oil prices has hurt the CAD$ and despite the weakness in the EURO as well, the CAD$ has been hurt more.  The pair from a technical perspective is showing a bullish bias as well. On the hourly chart today, the price move higher today has taken the price above the 38.2% retracement of the move down from the June high (at 1.4378) at the 1.40374 level and above the high price from last week at the 1.4066 level. Both are now support for the pair today.  Looking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive CHMP Opinion For Amgen Drug Posted: 27 Jun 2011 08:26 AM PDT Amgen (NASDAQ:AMGN) recently announced that it received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) for a label expansion for its oncology product, Vectibix. Amgen is looking to gain EU approval for the use of Vectibix in patients with wild-type KRAS metastatic colorectal cancer (mCRC) as a first-line treatment in combination with FOLFOX and second-line treatment in combination with FOLFIRI in patients who have received … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mattel Stays Neutral Posted: 27 Jun 2011 08:20 AM PDT We are maintaining our long-term Neutral recommendation for Mattel Inc. (MAT), the world's largest manufacturer of toys. Mattel's first quarter 2011 earnings were in line with the Zacks Consensus Estimate. The company witnessed strong sales driven by core brands such as Barbie and Hot Wheels. Other brands such as Monster High and Disney Princess also contributed to the company's robust sales. Management expects Monster High to be key growth driver given the expansion of the brand in 15 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Viacom’s Legal Woes Continue Posted: 27 Jun 2011 08:20 AM PDT Viacom(NYSE:CVC) regarding the streaming of cable TV shows on iPad. It all started earlier this year when Time Warner Cable (NYSE:TWC) launched a new application that allows live cable television viewing for its subscribers on the iPad while at home. But Viacom along with few other media entertainment companies objected to this application and demanded extra fees from the company. According to these media companies, Time Warner Cable is apparently violating the programme distribution rights by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: KB Home Posted: 27 Jun 2011 08:20 AM PDT KB Home (NYSE:KBH) is scheduled to release its second quarter 2011 results before the market opens on June 29, 2011. Los Angeles, California-based KB Home realized a loss of 49 cents per share in the first quarter, which is wider than the Zacks Consensus Estimate of a loss of 27 cents per share. For the upcoming quarter, the Zacks Consensus Estimate for KB Home is pegged at a loss of 32 cents per share, which reflects an annualized improvement of 20%. The downside potential for the estimate, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mid-America Buys Assets In Florida Posted: 27 Jun 2011 08:20 AM PDT Mid-America Apartment Communities Inc. (MAA) recently completed the acquisition of a 279-unit luxury apartment community Tattersall at Tapestry Park, located in the Southeast sub-market of Jacksonville, Florida. The acquisition was funded by a combination of share offerings and borrowings under the company's current credit facilities. Developed in 2009 as the second phase of a mixed-use development project, Tattersall at Tapestry Park is a condo-quality community. The apartment community … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CRL For Pfizer/Pain’s Remoxy Posted: 27 Jun 2011 08:20 AM PDT The US Food and Drug Administration recently dealt a blow to Pfizer (NYSE:PFE) and Pain Therapeutics, Inc. (NASDAQ:PTIE) by issuing a second complete response letter (CRL) for their opioid candidate, Remoxy. Remoxy became a part of Pfizer's pipeline following its acquisition of King Pharmaceuticals earlier this year. Remoxy has been developed, using Durect Corporation's (NASDAQ:DRRX) ORADUR technology, for moderate to severe pain that requires continuous, around-the-clock opioid treatment for an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Open Higher, Dow Up 100 Pts. Posted: 27 Jun 2011 08:05 AM PDT 06/27/11 The major stock averages opened with a modest advance, with the financial and tech sector leading the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Sharply Higher. Market Talk Of A Middle Eastern Buyer Helps The Sentiment Posted: 27 Jun 2011 07:59 AM PDT The EURUSD has moved sharply higher and is up testing the 100 hour MA at the 1.4279 level. There are reports of a Middle eastern buyer. The Dallas Fed Manufacturing index was also weaker at -17.5 vs expectations of -3.2%. Finally, there are reports of a "French Plan" for the rollover of Greek bonds that is taking off some additional pressure on the EURUSD. The market is stalling at the 100 hour MA level currently.  However, if there is strong buying, there could be more squeeze … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why Money Managers Fail To Beat The Market Posted: 27 Jun 2011 07:55 AM PDT Why Money Managers Fail to Beat the Market by Alexander Green, Investment U's Chief Investment Strategist Monday, June 27, 2011: Issue #1543 Here are three easy ways to beat the market: Deception, irrelevance and bad math. Perhaps some explanation is in order… It's a well-known fact that three out of four investment professionals fail to beat an unmanaged index each year. Over the long term, the percentage is much greater. Yet everywhere you go, investment advisors claim they're … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Gain Amid Favorable Demand Outlook Posted: 27 Jun 2011 07:54 AM PDT Forex Pros – pros &ndash; Natural gas futures were up on Monday, climbing to a two-day high after forecasts showed significantly warmer-than-normal weather in the U.S. next week, boosting demand expectations for the fuel.<br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.256 per million British thermal units during U.S. morning trade, gaining 0.35%. <br /><br />It earlier rose as much as 0.55% to trade at USD4.265 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals As Euro Regains Ground Posted: 27 Jun 2011 07:47 AM PDT Forex Pros – pros &ndash; The U.S. dollar was broadly lower against its major counterparts on Monday, as the euro regained ground, ahead of a Greek vote on an austerity package which is central to plans for the country to receive further bailout funds.<br /><br />During early U.S. trade, the greenback was lower against the euro, with EUR/USD climbing 0.51% to hit 1.4262.<br /><br />The single currency found support after French lenders proposed a plan to reinvest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Eases Off 5-month Low But Gains Limited Posted: 27 Jun 2011 07:32 AM PDT Forex Pros – pros &ndash; The pound eased off a five-month low against the U.S. dollar on Monday, tracking the euro&rsquo;s modest gains, but investors remained wary ahead of a crucial Greek vote on an austerity package later in the week.<br /><br />GBP/USD pulled away from 1.5914, the pair&rsquo;s lowest since January 31, to hit 1.5982 during early U.S. trade, easing up 0.15%.<br /><br />Cable was likely to find support at 1.5819, the low of January 31 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Pushes To The Upside Posted: 27 Jun 2011 07:31 AM PDT USD/JPY (4-hour chart) as of Monday (6/27/2011) has broken out of a symmetrical triangle consolidation pattern extending back to the end-of-May high, which resides within a larger consolidation that has been in place for the last two months. The current triangle consolidation breakout has not been particularly strong, but it represents a bullish indication that hints of further bullishness potentially to come. In the event of a strong subsequent breakout above resistance around the 81.00 price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Pare Losses As U.S. Dollar Turns Lower Posted: 27 Jun 2011 07:20 AM PDT Forex Pros – pros &ndash; Gold futures pared losses on Monday, easing off a six-week low, as the U.S. dollar turned lower against the euro and some safe-haven buying emerged ahead of a key parliamentary vote on austerity measures in Greece later in the week.&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,498.55 a troy ounce during U.S. morning trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Holds Gains As Greek Austerity Vote Looms Posted: 27 Jun 2011 07:20 AM PDT Forex Pros – pros &ndash; The euro held modest gains against the U.S. dollar on Monday, supported by hopes of a deal to rollover Greek debt ahead of a critical Greek vote on an austerity plan demanded by international lenders.<br /><br />EUR/USD clawed back up from 1.4103, the pair&rsquo;s lowest since June 16 to hit 1.4246 during early U.S. trade, rising 0.41%.<br /><br />The pair was likely to find support at 1.4067, the low of May 5 and resistance at 1.4305, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Attempting To Bottom Posted: 27 Jun 2011 07:17 AM PDT GBP/JPY Completing a Wedge Pattern in a 3rd Bear Run GBP/JPY Short-Term to Medium-Term - GBP/JPY is seen in the 1H chart attempting to rally from a bottom made above 128.20 area. The RSI is pushing above 60, a sign of weakened bearish momentum. - A 5-wave wedge count is complete, and the market is showing bottoming action. However, the rally is still vulnerable to the prevailing bearish mode. - A test of the 61.8% retracement level , near the 129.50 pivots will be important to provide … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Falls Below $91 Posted: 27 Jun 2011 02:15 AM PDT 06/27/11 Front month crude prices fell to trade below $91 to start the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 27 Jun 2011 01:15 AM PDT 06/27/11 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

ServicePower Technologies Signs Contracts Worth £2.9m Posted: 27 Jun 2011 01:08 AM PDT Servicepower Technologies (LON:SVR), the AIM quoted group that specialises in outsourced services and field management, has signed three new contracts worth a total of £2.9 million. The deals include two contracts for the company's ServiceScheduling software and one contract for its ServiceOperations software-as-a-service platform. Mark Duffin, the chief executive of ServicePower, said the contract wins were evidence of the momentum ServicePower is currently experiencing in the outsourced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Visa Credit Cards – Which Visa Card Should You Get? Posted: 26 Jun 2011 08:35 AM PDT A Visa card is probably one of the most widely accepted credit cards in the world, and I think everyone should have at least one Visa credit card in his or her wallet. Many of my friends think that Visa (NYSE:V) is a credit card issuer, but in reality, it isn’t, as it is a payment network to which many banks are affiliated with. Most benefits (for example, a rewards program) that come with Visa credit cards are offered by the banks themselves, but Visa also offers many of its own benefits, through … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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