DailyMarkets.com - FDA Approval For Epilepsy Drug

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• FDA Approval For Epilepsy Drug
• Kilroy Accrues More Office Space
• Hot Option Plays: 1280 New Support
• Forex – AUD/USD Up In U.S. Trade
• HSBC Might Close U.S. Card Business
• Walgreen Sheds PBM Biz
• Earnings Preview: Kroger
• Another Hurdle In Terex-Demag Story
• “Many…looking To Sell Rallies Like This”
• Forex – NZD/USD Up During The U.S. Session
• Citi Slashes Stake In HDFC
• SM Energy Trims Down At Eagle Ford
• China’s Inflation Rises To Its Highest Level In Nearly Three Years
• Forex Trading: USDCHF Looking To Extend? Getting Through The 0.8466 Level Needed
• Morocco Central Bank Holds Policy Rate At 3.25%
• Forex Trading: EURUSD Battles Between Support And Resistance, But Not Backing Off
• People’s Bank Of China Raises Reserve Requirement 50bps To 21.5%
• Shutterfly Kept At Neutral
• Time Extended On Foreclosure Plans
• Meredith Remains At Neutral
• Honda Fears A Profit Plunge
• Cincinnati Revises Cat Loss Est
• Backdoor IPOs And Reverse Mergers: A Chinese Recipe For Scandal
• Dollar Mixed, Euro Slightly Stronger On Economic Reports
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 1.69%
• Best Buy Tops Estimate
• Pebblebrook Buys In Boston
• V.F. Corp To Acquire Timberland
• Silgan’s Graham Buy Threatened
• Hilltop Beats By A Penny
• AmEx Diversifies With Prepaid Card
• Meredith In Neutral Lane
• Producer Price Food Inflation: Crude Vs. Consumer
• TRW To Rule With Camera Systems
• DOW Intros Omega-9 Oil
• Hilltop, Yet To Be On Top
• Forex – EUR/USD Up At The End Of European Session
• CUZ Stays Neutral
• Yield Curves Jump On Temperate Retail Sales Data
• India Adds To Wheat Woes
• Australian Dollar: The Downside Prevails
• Canadian Dollar: The Downside Prevails
• Carnival Trims Outlook
• Word From The Floor: Dow Posts Triple Digit Gains, Risk Appetite Rises
• USD/JPY Is Attempting To Bottom And Break Channel Resistance; 80.70 Is Critical
• Let NFC Smartphone Technology Give Your Wallet The Boot
• Natural Gas Futures Edge Lower On Reduced Demand Outlook
• Risk Appetite Boosted By Asian Data
• Forex – Dollar Broadly Lower As U.S. Data Feeds Risk Appetite
• Crude Trades Below $97
• Stock Market Summary For Tuesday, June 14, 2011
• Gold Futures Advance On Soft U.S. Dollar, China Inflation
• Forex – Pound Trims Gains Vs. Dollar After U.S. Economic Data
• Forex Trading: EURSD Tests London/NY High In Up And Down Market
• Morning Market Brief
• Healthy Contract Flow For Fitbug As Sales Strategy Begins To Pay Off
• 2ergo Forced To Make Changes Following New Industry Code Of Practice

FDA Approval For Epilepsy Drug Posted: 14 Jun 2011 11:35 AM PDT GlaxoSmithKline (NYSE:GSK) and Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that their epilepsy drug, Potiga (ezogabine) gained US Food and Drug Administration (FDA) approval. The FDA granted approval for the use of Potiga as an adjunctive treatment of partial-onset seizures in patients aged 18 years and older. Potiga will, however, be classified as a controlled substance under the Controlled Substances Act (CSA) and will not be available until the classification process … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kilroy Accrues More Office Space Posted: 14 Jun 2011 11:25 AM PDT Kilroy Realty Corp. (NYSE:KRC), a real estate investment trust (REIT), has recently acquired two office properties in Bellevue, Washington and San Diego, California, as part of its long-term strategy to own high-quality assets at below-replacement cost prices in areas that provide strong near-term cash flows and attractive long-term appreciation potential. The properties spanning across 663,000 square feet of office space were acquired for a total of $247.7 million. Kilroy purchased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: 1280 New Support Posted: 14 Jun 2011 11:18 AM PDT Cusick’s Corner The market has bounced with some conviction on news that Japan is printing money, there were better than expected Retail Sales & PPI dropped. Copper, JJC, was a real winner on the Japan news, and equities squeezed the shorts on the news that Commodity pricing is pulling back, plus that the Consumer is still in the market. While I take this as just a bounce, this is expiration week, triple witching. We are seeing benchmarks get through some notable resistance levels, S&P … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 14 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> AUD/USD was trading at 1.0696, up 0.91% at time of writing.<br/><br/> The pair was likely to find support at 1.0526, Monday&rsquo;s low, and resistance at 1.0716, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HSBC Might Close U.S. Card Business Posted: 14 Jun 2011 11:10 AM PDT On Monday, HSBC Holdings Plc's (NYSE:HBC) CEO Mr. Stuart Gulliver stated that the company would shut down its $33 billion U.S. credit card unit if it is unable to find a suitable purchaser. Mr. Gulliver made this comment on the sidelines of a World Economic Forum event in Jakarta. Stating that the card business was not a strategic fit for HSBC, the CEO hinted that the company's move is a part of its long-term strategy to lower costs up to $3.5 billion and cut back retail banking. HSBC is among … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen Sheds PBM Biz Posted: 14 Jun 2011 11:03 AM PDT Recently, the divestment of Walgreen's (NYSE:WAG) pharmacy benefit management (PBM) business to Catalyst Health Solutions (CHSI) for $525 million was completed. Walgreen anticipates the deal to be EPS-neutral in fiscal 2012. Subsequent to this deal, Walgreen will be able to better focus on its 7,700 drug stores. On the other hand, through this transaction Catalyst Health will expand its PBM business and raise its membership to more than 18 million from the current level of 7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Kroger Posted: 14 Jun 2011 11:03 AM PDT The Kroger Company (NYSE:KR), one of the largest grocery retailers, is slated to report its first-quarter 2011 financial results on June 16. The current Zacks Consensus Estimate for the quarter is 64 cents a share. For the quarter under review, revenue is $26,328 million, according to the Zacks Consensus Estimate. Fourth-Quarter 2010, a Synopsis Kroger's quarterly earnings of 46 cents a share topped the Zacks Consensus Estimate of 44 cents, and jumped 17.9% from 39 cents delivered in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Hurdle In Terex-Demag Story Posted: 14 Jun 2011 11:03 AM PDT Terex Corp's (NYSE:TEX) Demag Cranes AG takeover offer faces another hurdle. Demag's second largest shareholder, the U.K. based activist hedge fund Centaurus Capital, with more than 5% interest rejected the offer citing it as too low. Centaurus Capital joins Demag's biggest shareholder, Cevian (owning just over 10% in Demag) in rejecting the takeover. Cevian had cited that ever since the bid was announced on May 2, 2011, Demag shares have traded above the bid per share of 41.75 euros and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Many…looking To Sell Rallies Like This” Posted: 14 Jun 2011 10:48 AM PDT 06/14/11 OnPoint Executions’ Bobby Heller discusses today’s rally in US equities and weighs in on the forecast for crude oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 14 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> NZD/USD was trading at 0.8196, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 0.8116, Monday&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Slashes Stake In HDFC Posted: 14 Jun 2011 10:35 AM PDT Citigroup Inc. (NYSE:C) slashed its stake in India’s Housing Development Finance Corp. Ltd. (“HDFC”) by 1.5% to 9.9%. This move comes as the company prepares itself to comply with Basel III capital rules before these are implemented. Citi realized a pre-tax profit of approximately $160 million from this stake sale and does not intend to sell any further shares of HDFC. HDFC, a premier housing finance company of India that was set up in 1977 and reported $37 billion of total assets as of March 31, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy Trims Down At Eagle Ford Posted: 14 Jun 2011 10:35 AM PDT SM Energy Company (NYSE:SM) reached an agreement to sell a portion of its Eagle Ford Shale position for about $225 million in cash. However, the company did not disclose the buyer's name. The transaction is pending customary closing conditions, purchase price adjustments as well as transaction fees. Under the terms of the deal, SM Energy, formerly known as St. Mary Land & Exploration Co., intends to sell 15,400 acres of non-producing land in the Eagle Ford Shale area of LaSalle and Dimmit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China’s Inflation Rises To Its Highest Level In Nearly Three Years Posted: 14 Jun 2011 05:35 AM PDT 06/14/11 Due largely to stubbornly high food prices, China’s inflation rose to its highest level in nearly three years in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Looking To Extend? Getting Through The 0.8466 Level Needed Posted: 14 Jun 2011 10:34 AM PDT The USDCHF is pushing against the high for the day once again. Risk is defined. Risk is limited.  But traders would like to see a trend for the pair one way or the other.  The USDCHF has been in a narrow trading range over the last 9-10 days.  A range extension is overdue.  Trader's who are looking for a move higher, has as support the 0.8435 level below. This is the midpoint of the move down from the May 31st high to the low on June 6th.  On the topside, for bulls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morocco Central Bank Holds Policy Rate At 3.25% Posted: 14 Jun 2011 10:25 AM PDT The Bank al-Maghrib of Morocco maintained its main policy rate unchanged at 3.25% in the face of steady inflation.  The Bank said: “In this context where the central inflation forecast remains consistent with the price stability objective and the balance of risks is slightly tilted to the upside, the Board decided to keep the key rate unchanged at 3.25 percent.” Previously the Bank also held interest rates unchanged in March this year; it last changed its interest rate in March … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Battles Between Support And Resistance, But Not Backing Off Posted: 14 Jun 2011 10:17 AM PDT The EURUSD has slowed the move higher after moving from channel trendline support to channel trendline resistance.  The pair has been in between the 38.2% retracement at 1.4464 level and the upper trendline currently at the 1.4492 level.  In between, is  the 100 hour MA at the 1.4469 level. The market is consolidating in the narrow range over the last few hours and could look to extend before the day is out.  Above the 1.4508 (50% retracement) and the 200 hour MA at 1.4528 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s Bank Of China Raises Reserve Requirement 50bps To 21.5% Posted: 14 Jun 2011 10:07 AM PDT The People’s Bank of China raised the required reserve ratio by 50 basis points, taking the average rate to 21.5% for large banks (and 19.5% for smaller banks), effective 20 June 2011.  The Bank said in a separate statment: ”The Chinese economy is suffering some long-term and short-term problems that are interweaved, and co-existing systemic and structural problems,”.  The Bank also noted: ”The loose global monetary conditions have pushed up inflation expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shutterfly Kept At Neutral Posted: 14 Jun 2011 10:03 AM PDT We remain Neutral on Shutterfly Inc. (NASDAQ:SFLY) over the long-term, based on first quarter 2011 earnings, acquisition of Tiny Prints and the possibility of a turnaround in the commercial printing business, partially offset by seasonality of business. We are impressed with Shutterfly's outperformance in the first quarter, which was mostly attributed to robust growth in Personalized Products and Services. Increased demand for photo book, cards and stationary collection drove this segment. Photo … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Time Extended On Foreclosure Plans Posted: 14 Jun 2011 10:03 AM PDT The Office of the Comptroller of the Currency (OCC) said on Monday that regulators are about to allow the nation’s major banks 30 more days to submit their foreclosure plans to address mortgage servicing malpractices. In April, OCC entered into an agreement with 14 major lenders to ensure reimbursement to victims of incorrectly foreclosed homes. Initially, OCC had given these banks 60 days’ time to chalk out a rectification plan for their mortgage-servicing flaws. The banks were allowed to take … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meredith Remains At Neutral Posted: 14 Jun 2011 10:03 AM PDT Healthy demand for non-political advertising at Meredith Corporation's (NYSE:MDP) Local Media groups, increasing readership and online traffic and effective cost management have been benefiting the company's top- and bottom-line results. Meredith is one of the leading media and marketing companies engaged in publishing, broadcasting, integrated marketing and interactive media. The company boasts of a strong portfolio of women's magazines with a relatively stable circulation, which has helped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Honda Fears A Profit Plunge Posted: 14 Jun 2011 10:03 AM PDT Honda Motor Co. (NYSE:HMC) announced its sales and earnings guidance for fiscal 2012 more than a month after releasing its last year results as it needed more time to assess the impact of the earthquake and tsunami in Japan on March 11. The automaker expects a stark 63.5% drop in profit to ¥195 billion ($2.4 billion) for the fiscal year from ¥534 billion recorded in the previous fiscal year. Honda's projection of lower profit was driven by declining sales, cost of fixing damaged property and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Revises Cat Loss Est Posted: 14 Jun 2011 10:03 AM PDT Yesterday, property and casualty insurer Cincinnati Financial Corp. (NASDAQ:CINF) made an upward revision to its preliminary estimate of catastrophe losses (cat losses) from property damages caused by adverse weather conditions that continued into May. After the revision, the company expects pre-tax cat losses in the range of $240–$290 million. The revised range is $90 million north of the preliminary estimate announced during mid-May, which reflected only the April storms in the southern states … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Backdoor IPOs And Reverse Mergers: A Chinese Recipe For Scandal Posted: 14 Jun 2011 10:00 AM PDT Backdoor IPOs and Reverse Mergers: A Chinese Recipe for Scandal by Tony D'Altorio, Investment U Research Tuesday, June 14, 2011 Since 2007, more than 150 Chinese companies have been listed in the United States through reverse mergers or backdoor IPO listings. These types of listings happen when Chinese firms merge with a U.S. publicly traded shell company. Many of these listings are found on less regulated stock exchanges such as the Pink Sheets, the OTC Bulletin Board and NYSE AMEX. These … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Mixed, Euro Slightly Stronger On Economic Reports Posted: 14 Jun 2011 05:00 AM PDT 06/14/11 The US dollar was trading mixed with the euro slightly stronger after better-than-expected economic reports in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 14 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> GBP/USD was trading at 1.6386, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, Friday&rsquo;s low, and resistance at 1.6466, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 1.69% Posted: 14 Jun 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 1.69%, London&rsquo;s FTSE 100 gained 0.51%, France&rsquo;s CAC 40 climbed 1.50% and the EURO STOXX 50 was up 1.68%.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% last month from 0.5% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Best Buy Tops Estimate Posted: 14 Jun 2011 09:35 AM PDT Best Buy Company, Inc. (NYSE:BBY), a leading specialty retailer of consumer electronic products, recently posted better-than-expected first-quarter 2012 results, thereby sending the shares up $2.06 or 7.2% to $30.88 in pre-market trading. The quarterly earnings of 35 cents a share topped the Zacks Consensus Estimate of 33 cents, but fell 2.8% from 36 cents earned in the prior-year quarter. The Zacks Consensus Estimate had remained stagnant prior to the earnings release with none of the 25 analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pebblebrook Buys In Boston Posted: 14 Jun 2011 09:35 AM PDT Pebblebrook Hotel Trust (PEB) recently acquired a luxury W Boston hotel in downtown Boston, Massachusetts for $89.5 million. Pebblebrook Hotel expects to incur $0.6 million of acquisition costs related to the deal. Post acquisition, the acquired property will be managed by Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT). The 235 rooms, luxury hotel is located at the junction of Theatre District, Financial District and the Back Bay District. The location is in close proximity to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

V.F. Corp To Acquire Timberland Posted: 14 Jun 2011 09:35 AM PDT V.F. Corporation (NYSE:VFC), in an endeavor to grow its outdoor and action sports business through expansion, entered into a merger agreement with Timberland Co. (NYSE:TBL). The company has offered to pay $43 for each Timberland share or $2.2 billion net of cash acquired. The inclusion of Timberland in the V.F. Corporation portfolio of brands of outdoor and action sports business comprising Vans, Jansport, Eastpak and other brands, will make 50% of the company’s total revenue, expected to rise to 60% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silgan’s Graham Buy Threatened Posted: 14 Jun 2011 09:35 AM PDT Silgan Holdings Inc.'s (NASDAQ:SLGN) acquisition of Graham Packaging Company Inc. (NYSE:GRM), might be under threat and/or get more expensive as the latter has received a higher offer of $25 per share, or $1.6 billion, from New Zealand's Rank Group. Rank Group is owned by Graeme Hart, a businessman based in New Zealand and reportedly the richest Australasian, according to the 2009 Forbes list. Since his 2006 purchase of Carter Holt Harvey he has focused his acquisitions on the paper packaging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hilltop Beats By A Penny Posted: 14 Jun 2011 09:35 AM PDT We reiterated our 'Neutral' recommendation on Hilltop Holdings Inc. (NYSE:HTH) based on the critical sustainability factor. The company's first quarter earnings increased to $1.4 million or 2 cents per share from a loss of $2.1 million or 4 cents per share in the year-ago period. This, however, compared favorably with the Zacks Consensus Estimate earnings of 1 cent per share. Results benefited from modest premium growth and investment income that drove the top line and operating cash flow. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmEx Diversifies With Prepaid Card Posted: 14 Jun 2011 09:35 AM PDT Diversifying its scope of operation beyond affluent customers, American Express Co. (NYSE:AXP) (AmEx) is expected to introduce a new convenient prepaid debit card on Tuesday, which will operate out of the Dodd-Frank regulatory premises. Moreover, this new revenue-generating platform is created to target the customers of the bank giants such as JP Morgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Bank of America Corp. (NYSE:BAC), who have been snipping off their debit-reward programs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meredith In Neutral Lane Posted: 14 Jun 2011 09:35 AM PDT Healthy demand for non-political advertising at Meredith Corporation's (NYSE:MDP) Local Media groups, increasing readership and online traffic and effective cost management have been benefiting the company's top- and bottom-line results. Meredith is one of the leading media and marketing companies engaged in publishing, broadcasting, integrated marketing and interactive media. The company boasts of a strong portfolio of women's magazines with a relatively stable circulation, which has helped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Producer Price Food Inflation: Crude Vs. Consumer Posted: 14 Jun 2011 09:10 AM PDT The chart above shows the annual inflation rates for: a) crude foodstuffs and feedstuffs (e.g. wheat, corn, animals for slaughter, peanuts, cottonseed, and soybeans), and b) finished consumer foods (pasta products, processed meats, bakery products, fresh fruits and vegetables, tree nuts, and eggs), based on today’s BLS report on Producer Price Indexes through May. It’s interesting to note the following: 1. Inflation for crude foodstuffs and feedstuffs is much more volatile (monthly standard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TRW To Rule With Camera Systems Posted: 14 Jun 2011 09:01 AM PDT TRW Automotive Holdings Corp.'s (NYSE:TRW) continuous investment in upgrading its products has led it to grab a major new contract with a leading North American vehicle manufacturer. As per the contract, TRW will supply the company with its highly advanced camera systems solutions, one of the major new generation products by the company. The camera systems imply the company’s strong technology and leadership position in the field of active and passive safety. These new camera systems are based … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DOW Intros Omega-9 Oil Posted: 14 Jun 2011 09:01 AM PDT The Dow Chemical Company's (NYSE:DOW) wholly owned subsidiary Dow AgroSciences announced that it has produced the first fat-free Omega-9 Sunflower Oil. It is obtained from seeds developed by the company through traditional plant-breeding. The product was unveiled at the Institute of Food Technologists Annual Meeting and Food Expo in New Orleans. The all-natural Omega-9 oil is touted as having no trans fats and high in heart-healthy monounsaturated fats. The oil, rich in this unique component, is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hilltop, Yet To Be On Top Posted: 14 Jun 2011 09:01 AM PDT We reiterated our 'Neutral' recommendation on Hilltop Holdings Inc. (NYSE:HTH) based on the critical sustainability factor. The company's first quarter earnings increased to $1.4 million or 2 cents per share from a loss of $2.1 million or 4 cents per share in the year-ago period. This, however, compared favorably with the Zacks Consensus Estimate earnings of 1 cent per share. Results benefited from modest premium growth and investment income that drove the top line and operating cash flow. … [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: 14 Jun 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> EUR/USD was trading at 1.4473, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CUZ Stays Neutral Posted: 14 Jun 2011 08:35 AM PDT We reiterate our Neutral recommendation on Cousins Properties Inc (CUZ) as we expect the stock to perform in line with the broader market. The company reported first quarter 2011 FFO (fund from operations) of $8.1 million or 8 cents per share compared with a loss of $14 million or 14 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of  real estate investment trust (REITs), is obtained after adding depreciation and amortization … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yield Curves Jump On Temperate Retail Sales Data Posted: 14 Jun 2011 08:33 AM PDT Bond tumbled sharply following a better-than-forecast reading for retail sales. Earlier data from China also showed a still-bustling economy helping to undermine global slowdown theories. Yields on U.S. benchmarks responded by rising back above 3% as investors deployed cash into riskier asset classes. Eurodollar futures – Longer-dated futures contracts fell by as much as 10 basis points after dealers were pleasantly surprised by a smaller dip in retail sales activity during May. Investors had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

India Adds To Wheat Woes Posted: 14 Jun 2011 08:18 AM PDT Trading Ideas The news that India may be lifting its export ban on Wheat comes at an inopportune time for Wheat bulls. Outside of mainland Europe, much of the globe has had good growing conditions for the grain, suggesting supplies will remain more than ample. While supplies look to be high, the demand portion of the equation remains unknown, likely giving the market a bearish tilt. Technically, the July Wheat contract remains at a vulnerable level, where a breakdown below 725 could trigger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 14 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: The Downside Prevails Posted: 14 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Carnival Trims Outlook Posted: 14 Jun 2011 08:15 AM PDT Miami, Florida-based Carnival Corporation (NYSE:CCL) expects its fiscal 2011 earnings outlook to be reduced by 15 cents arising from route changes of almost 300 itineraries since February and March due to political turmoil in the Middle East and North Africa and the lingering effects of the Japan earthquake. Additionally, the company's guidance will also be lowered by 5 cents driven by rising fuel prices. However, a benefit of 5 cents resulting from other cost areas is expected to offset the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Dow Posts Triple Digit Gains, Risk Appetite Rises Posted: 14 Jun 2011 08:10 AM PDT 06/14/11 US stocks rally 1%, with DJIA back up over 12,000. Retail sales fell less-than-expected, while producer prices rose just … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Is Attempting To Bottom And Break Channel Resistance; 80.70 Is Critical Posted: 14 Jun 2011 08:01 AM PDT USD/JPY Respects Channel Resistance and Maintains Bearish Momentum (6/13) USD/JPY Short-Term- The USD/JPY respected the channel resistance yesterday, but is now testing it again after failing to break below 80.10 pivot area. - Market action is developing a bottom (similar to inverted head and shoulder), and price action in the previous 1H candle suggests bullish domination in the short-term. - The rally is still contained below 80.70, which is a critical resistance pivot. A break above this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Let NFC Smartphone Technology Give Your Wallet The Boot Posted: 14 Jun 2011 07:55 AM PDT Let NFC Smartphone Technology Give Your Wallet the Boot by David Fessler, Investment U's Senior Analyst Tuesday, June 14, 2011: Issue #1534 How often have you left home and forgotten your wallet? Or had to get a credit card replaced because a stranger lifted your number at a restaurant? As a frequent traveler, I've had both happen to me on numerous occasions. With plastic credit cards fast becoming as obsolete as paper money – Visa, the giant credit card issuer, has created an amazing new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Edge Lower On Reduced Demand Outlook Posted: 14 Jun 2011 07:53 AM PDT Forex Pros – Natural gas futures edged lower on Tuesday, slumping to a three-day low after forecasts showed mild weather in the Northeastern U.S. states next week, reducing demand expectations for the fuel.<br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.591 per million British thermal units during U.S. morning trade, shedding 0.42%. <br /><br />It earlier fell to USD4.572 per million British thermal units, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Appetite Boosted By Asian Data Posted: 14 Jun 2011 07:45 AM PDT The decline in activity at U.S. retailers wasn't as bad as analysts had braced themselves for while ever-strong activity in China has provided some relief on Tuesday with investors keen to leave behind risk aversion while embracing risk appetite. Earlier weakness in the dollar has been derailed by a jump in the greenback against its typical risk adversaries of the Swiss franc and Japanese yen. The Swiss revised down growth blaming the strong franc, while the Japanese announced a new loan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower As U.S. Data Feeds Risk Appetite Posted: 14 Jun 2011 07:35 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, after official data showing that U.S. producer prices posted a large annualized gain last month bolstered demand for higher yielding assets.<br /><br />During the early U.S. session, the greenback was lower against the euro, with EUR/USD climbing 0.48% to hit 1.4483.<br /><br />European Central Bank Governing Council member Mario Draghi said earlier that the bank opposed any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Trades Below $97 Posted: 14 Jun 2011 02:30 AM PDT 06/14/11 Front month crude prices took anothr hit this session following growing concerns of undermined crude demand on a weaker global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, June 14, 2011 Posted: 14 Jun 2011 07:30 AM PDT DJIA and S&P 500 nicely move above resistance levels while Nasdaq Composite is trying to put some distance above its resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Advance On Soft U.S. Dollar, China Inflation Posted: 14 Jun 2011 07:26 AM PDT Forex Pros – Gold futures were up on Tuesday, re-approaching the daily high as a broadly weaker U.S. dollar and official data showing that Chinese inflation accelerated to a 34-month high in May boosted prices.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,522.75 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound Trims Gains Vs. Dollar After U.S. Economic Data Posted: 14 Jun 2011 07:23 AM PDT Forex Pros – The pound trimmed gains against the U.S. dollar on Tuesday, retreating from a three-day high after official data showed that U.S. producer prices posted a large annualized gain last month, while retail sales fell less-than-expected.<br /><br />GBP/USD pulled back from 1.6442, the pair&rsquo;s highest since June 9 to hit 1.6393 during the early U.S. session, still up 0.12% on the day.<br /><br />Cable was likely to find support at 1.6214, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURSD Tests London/NY High In Up And Down Market Posted: 14 Jun 2011 07:22 AM PDT In a day that has comments about Greece nearly every minute, US economic data, and comments from ECB officials on monetary policy, trading has become skittish in the EURUSD.  The price moved down to test trendline support after holding London morning highs at 1.4464 (also 38.2% retracement) , and is now back up at the highs. The 100 hour MA looms above at the 1.4473 level making the 1.4464-1.4473 as good as any area to find resistance now.  A break will likely trigger stops. Holding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 14 Jun 2011 06:15 AM PDT 06/14/11 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

Healthy Contract Flow For Fitbug As Sales Strategy Begins To Pay Off Posted: 14 Jun 2011 02:36 AM PDT Fitbug (LON:FITB), the personal health and well-being business, has signed four new agreements with new and existing customers which will see its customer base extended in both the US, the Middle East and Europe. The deals are among the early successes of a strategy to ratchet up Fitbug's sales and marketing efforts following several years of product development. In April, the company hired ex-Bupa director Fergus Kee as executive chairman, who ploughed £200,000 of his own money into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

2ergo Forced To Make Changes Following New Industry Code Of Practice Posted: 14 Jun 2011 01:26 AM PDT 2 Ergo (LON:RGO), the AIM listed mobile business and marketing company, saw its shares slump by 16p to 77.5p during trading this morning on reports that new industry regulations had cast a cloud of uncertainty over its near term net profits. 2ergo provides innovative proprietary mobile technologies and professional services to help its customers develop and execute their mobile strategies. Its services span mobile business solutions that incorporate search, security, advertising, location, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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