Monday, June 13, 2011

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Down During The Asian Session

Forex – GBP/JPY Down During The Asian Session

Posted: 13 Jun 2011 05:45 PM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 131.14, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 129.79, Friday&rsquo;s low, and resistance at 131.97, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.08% to hit 1.6360 and EUR/GBP falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In Asian Trade

Posted: 13 Jun 2011 05:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4409, down 0.02% 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/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8804 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Of Snake Oil, Puff Balls, And The Need For A Real Jobs Plan From The President

Posted: 13 Jun 2011 04:18 PM PDT

Today the President met with business leaders on his "jobs and competitiveness council," who suggested more public-private partnerships to train workers, less government red-tape in obtaining permits, and more jobs in travel and tourism, among other things. The President then toured a manufacturing plant in North Carolina, and made an eloquent speech about the need for more jobs.
Fluff.
Doesn't the White House get it? The President has to have a bold jobs plan, with specifics. Why not … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 13 Jun 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.16, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.69, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.03% to hit 1.4409 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

I’ve Got A Bridge To Sell You

Posted: 13 Jun 2011 04:00 PM PDT

Have you ever been in a situation in which you needed to quickly identify a vehicle?
I recall getting hit from behind by a speeding vehicle in Bridgeport as we exited from a minor league baseball game. I focused so quickly on the license plate of the car as it screamed through a red light to get away. My adrenaline rushed like a river.
Can you imagine being in a similar situation and telling one of 'our finest', well I did not fully get the plate but I know the guy must have liked Rick's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYC Parks To Get Free Wi-Fi

Posted: 13 Jun 2011 03:57 PM PDT

06/13/11 The NYC Parks Department and AT&T will bring free Wi-Fi hotspots to parks throughout the five … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 13 Jun 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8168, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 0.8116, today&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.06% to hit 1.2992 and EUR/NZD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Energy Stocks Showing Weakness

Posted: 13 Jun 2011 03:17 PM PDT

Cusick’s Corner
Let’s take a look at a major sector — most notably beaten up is Energy, Crude down $-2.19, and the Energy ETF XLE has broken support. This break is a potential signal that the part of the market that has been outperforming is now under pressure since the Saudis came in and upped production. If you look at the stocks that make up the Energy ETF XLE, there are some big hitters like XOM, CVX, COP, SLB, and OXY, all flagging either stiff technical resistance or weakness. Put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Masimo Pronto-7 Wins MDEA Gold

Posted: 13 Jun 2011 03:05 PM PDT

Masimo Corp (NASDAQ:MASI), a leader in the pulse oximetry (a measurement of the amount of oxygen attached to the hemoglobin) monitoring equipment market, recently received the prestigious Medical Design Excellence Award ("MDEA") for its Pronto-7 testing device.
MDEA, organized by the leading business-to-business media company UBM Canon, is a premier awards program which recognizes the achievements of medical devices manufacturers.
Pronto-7 was recognized in the "General Hospital Devices and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta-Virgin JV Gets Final Nod

Posted: 13 Jun 2011 03:05 PM PDT

The trans-Pacific alliance between the second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) and Virgin Australia Airlines received approval from the Department of Transportation (DOT).
The trans-Pacific joint venture is expected to be completed by the end of this year with new services between the United States, Australia and South Pacific.
Both Delta and Virgin Australia started codesharing flights in January 2010. In May 2011, the deal was expanded to include five new destinations in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil Wins Visund Growth Consent

Posted: 13 Jun 2011 02:47 PM PDT

Statoil ASA (NYSE:STO) has received approval from the Norwegian Ministry of Petroleum and Energy for the development of its Visund South oil field in the northern part of the North Sea. The Visund venture pioneers the company's fast-track development project.
Production at Visund is slated to commence production in the third quarter of 2012, with a subsea template already underway. Located 10 kilometers from Gullfaks C and Visund A platforms in the North Sea, Visund South involves a subsea … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Trade Ideas For Tuesday, June 14

Posted: 13 Jun 2011 02:45 PM PDT

( click to enlarge )

Zagg Inc (ZAGG) rallied another 5% on heavy volume. The stock hit a high of $12.50, which is now resistance for Tuesday's continuation move.

 ( click to enlarge )

THQ Inc. (NASDAQ:THQI) held up well in the weak market.  Short term, I’m looking for a bounce on THQI, and if we see a strong bounce then I’ll be looking at the daily THQI 20 and 50 SMAs as possible bounce targets. Despite the weak signal from MACD in the technical chart as MACD and signal line are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Manufacturing Profits Set New Record In Q1

Posted: 13 Jun 2011 02:35 PM PDT

In another sign of a strong economic recovery in the manufacturing sector, the after-tax profits of U.S. manufacturing corporations reached a record-high $144.5 billion in the first quarter of 2011, according to data released today by the Census Bureau. Adjusted for inflation, first quarter profits this year were 6.6% ahead of the previous quarter, and 28.7% ahead of a year earlier.  Compared to the pre-recession level of $124.1 billion in the fourth quarter of 2007, manufacturing profits … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Best Lithium Battery Stock You’ve Never Heard Of

Posted: 13 Jun 2011 02:25 PM PDT

Hybrid and electric cars seem like they should be the investment opportunity of the decade, right? Last week, I was inspired to review the case for natural gas-driven trucks and cars after Steve Reitmeister’s visit to the White House where energy alternatives were discussed.
But, Administration energy official Heather Zichal didn’t talk about natural gas cars. That was just my preferred horse for the race. Zichal talked about the Obama plan to focus on “advanced batteries” for hybrid electric … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Best Lithium Battery Stock You’ve Never Heard Of

Posted: 13 Jun 2011 02:25 PM PDT

Hybrid and electric cars seem like they should be the investment opportunity of the decade, right? Last week, I was inspired to review the case for natural gas-driven trucks and cars after Steve Reitmeister’s visit to the White House where energy alternatives were discussed.
But, Administration energy official Heather Zichal didn’t talk about natural gas cars. That was just my preferred horse for the race. Zichal talked about the Obama plan to focus on “advanced batteries” for hybrid electric … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JetBlue Traffic Ups In May

Posted: 13 Jun 2011 02:25 PM PDT

Discount U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) reported a 10.6% year-over-year traffic increase in May 2011. Airline traffic is measured in billions of revenue passenger miles, which implies one mile flown by one passenger.
On a year-over-year basis, capacity (or available seat miles) grew 8.9% and load factor (percentage of seats filled with passengers) rose 130 basis points to 82.6% from 81.3% in May 2010.
Despite escalating fuel prices, JetBlue and Southwest Airlines Co. (NYSE:LUV) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Skyworks Acquires SiGe Semi

Posted: 13 Jun 2011 02:05 PM PDT

Skyworks Solutions, Inc. (NASDAQ:SWKS) recently closed its previously announced acquisition of SiGe Semiconductor, Inc. Skyworks paid $210 million in cash. Additionally, the company agreed to pay $65 million on achievement of certain milestones.
Headquartered in Andover, Massachusetts, SiGe Semiconductor is a provider of radio frequency (RF) front-end solutions facilitating wireless multimedia across a wide range of applications.
The acquisition is expected to be immediately accretive to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valspar Raises Prices

Posted: 13 Jun 2011 02:05 PM PDT

The Valspar Corporation (NYSE:VAL) announced an increase in the price of its North America Wood Coatings Products effective July 1, 2011. The price increase is attributable to the increasing raw material prices and is a measure taken to offset this. The prices of the products will increase by up to 10% depending on the type of the product.
Last week the company increased prices for its Coil and Extrusion product lines by 8% depending on the product type.
The company has been reporting solid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: ELMG, VFC, WEN, TRH

Posted: 13 Jun 2011 02:00 PM PDT

06/13/11 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

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 13 Jun 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4412, up 0.45% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4690, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.45% to hit 0.8802 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Reiterated At Neutral

Posted: 13 Jun 2011 01:40 PM PDT

Constellation Energy's (NYSE:CEG) merchant energy business provides a relatively stable and growing earnings stream through wholesale energy-related products and services. The company has a diversified fleet of power generating units, strong balance sheet compared to its peers and the synergies from the Exelon Corporation (NYSE:EXC) merger, which are among the other positives.
However, adverse decisions in pending regulatory cases, lowered electricity demand and erratic weather conditions somewhat … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 13 Jun 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.22, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.69, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.44% to hit 1.4411 and GBP/USD rising 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CytRx Reports Positive Phase II Preliminary Results

Posted: 13 Jun 2011 01:35 PM PDT

Grant Zeng, CFA
CytRx Reports Positive Phase II Preliminary Results

On June 13, 2011, CytRx Corporation (CYTR) announced preliminary positive results from its ENABLE Phase II proof-of-concept trial of bafetinib for the treatment of B-cell chronic lymphocytic leukemia (B-CLL).

As a reminder, in May 2010, CytRx initiated a Phase II proof-of-concept clinical trial (ENABLE) with bafetinib as a second line treatment for B-CLL due to the potent and specific inhibitory properties of bafetinib … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Invesco’s AUM Dips In May (revised)

Posted: 13 Jun 2011 01:35 PM PDT

On Thursday, Invesco Ltd. (NYSE:IVZ) announced its monthly performance report for May 2011. As per the report, Invesco recorded preliminary assets under management (AUM) of $661.4 billion at the end of the May, slipping 1.1% from $668.6 billion at the end of April 2011. The AUM decline was mainly attributable to net outflows principally in the PowerShares QQQ exchange traded funds (ETFs), negative foreign exchange and negative market returns.

Invesco's preliminary AUM, excluding ETFs, Unit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Data On Acorda’s Ampyra

Posted: 13 Jun 2011 01:35 PM PDT

Acorda Therapeutics, Inc. (NASDAQ:ACOR) recently reported an analysis of data on Ampyra (dalfampridine) at the Consortium of Multiple Sclerosis Centers (CMSC) annual meeting. The analysis demonstrated improvements in walking ability of patients on Ampyra as measured by patient self-report on the 12-Item Multiple Sclerosis Walking Scale (MSWS-12).
The analysis comprised data from a phase II trial and two phase III trials of Ampyra. These data were a part of Acorda's new drug application (NDA) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ryder Announces New Credit Line

Posted: 13 Jun 2011 01:35 PM PDT

Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions, announced a new five-year revolving credit line of $900 million, expiring in June 2016.
The new credit facility, effective June 8, was issued to replace an $875 million line of credit, expiring in April 2012.
Management believes that the current credit facility will secure long-term liquidity position and ensure sufficient cash flows to support working capital requirements, capital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 13 Jun 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4409, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4690, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.47% to hit 0.8800 and EUR/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.01%

Posted: 13 Jun 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.01%, the S&P 500 index gained 0.07%, while the Nasdaq 100 index climbed 0.05%.<br/><br/> Meanwhile, across the Atlantic, European stock markets were mixed at close. France&rsquo;s CAC 40 was up 0.07%; Germany&rsquo;s DAX gained 0.22%; Britain&rsquo;s FTSE 100 declined 1.42%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Grainger Reports May Sales

Posted: 13 Jun 2011 01:06 PM PDT

W.W. Grainger Inc. (NYSE:GWW) recently reported sales for the month of May. Daily sales in the month increased 11% on the year-over-year basis. These results include a 1% contribution from acquisition and 2% from foreign exchange.
Exclusive of the above items, organic sales during the month increased 8%, which includes a 7% contribution from volume and 2% from price, which were partially offset by a 1% decline from oil spill related sales in the Gulf of Mexico in 2010.
During fiscal 2010 Grainger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cosan Upgraded To Neutral

Posted: 13 Jun 2011 12:55 PM PDT

We recently upgraded Cosan Limited (NYSE:CZZ), the largest sugar and ethanol producer in Brazil, to a Neutral recommendation. The stock was previously rated Underperform.
The company ranks third in sugar and fifth in ethanol production in the world. Apart from its core operations, the company is also engaged in energy production from sugarcane bagasse and has an annual installed capacity of 860 MW.
Fuel distribution is another of Cosan’s businesses with the company becoming the third largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AutoZone Remains Neutral

Posted: 13 Jun 2011 12:55 PM PDT

We reiterate our Neutral recommendation on AutoZone Inc. (NYSE:AZO), which is one of the nation's leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) commercial and other customer markets.
AutoZone released its fiscal 2011 third quarter results on May 24, 2011.  The company reported net income of $227.4 million, up 12.1% year over year from $202.7 million. EPS of $5.29 comprehensively surpassed the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Legg Mason’s May AUM Inches Down (revised)

Posted: 13 Jun 2011 12:55 PM PDT

Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a decline in its assets under management (AUM) in May on a sequential basis. This was preceded by a slight decline in April, but a modest increase in March AUM.

Preliminary month-end AUM came in at $671.0 billion, down 0.1% from $672.0 billion at the end of April. Fixed income and liquidity AUM grew sequentially during the month, while equity AUM plummeted.

Legg Mason's equity AUM in April inched down 2.0% from the prior month to $187.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The U.S. Session

Posted: 13 Jun 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6382, up 0.95% 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/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.49% to hit 0.8799 and GBP/JPY rising 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Solar Reaches 4 GW Target

Posted: 13 Jun 2011 12:35 PM PDT

Solar planes maker First Solar Inc. (NASDAQ:FSLR) announced that till date it has manufactured 4 GW of thin-film photovoltaic solar modules ever since the beginning of commercial production in 2002. A 4 GW generation capacity is enough solar electricity to power around two million households, displacing more than 2.5 million metric tons of carbon-dioxide emissions annually.
First Solar also announced that its second factory at Frankfurt, Germany has begun producing solar modules one month ahead of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 13 Jun 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9769, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.9713, Friday&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.43% to hit 1.4410 and GBP/USD rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toys ‘R’ Us Loss Widens

Posted: 13 Jun 2011 12:05 PM PDT

Toys 'R' Us – a leading global retailer of dedicated toys and baby products, has reported a fiscal 2011 first quarter loss of $67 million compared to a loss of $55 million in the year-earlier quarter. The increase in quarterly loss was primarily driven by higher operating expenses and lower same-store sales, partially offset by an increase in net sales driven by positive contributions from new locations and a foreign-currency benefit.
The business of Toys 'R' Us is highly seasonal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ameren Reaffirmed At Neutral

Posted: 13 Jun 2011 12:05 PM PDT

Ameren Corporation (NYSE:AEE) is an integrated utility headquartered in St. Louis, Missouri. The company's stable and regulated electric power operations in the Midwestern market generate a relatively stable and growing earnings stream.
Future growth will be guided by improved plant operations, a focus on cost management, a recovering economy boosting industrial sales and installation of emissions reduction equipment (scrubbers) at its generation plants.
Ameren's Missouri service area's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Immucor’s CEO Steps Down

Posted: 13 Jun 2011 12:05 PM PDT

Yesterday, Immucor (NASDAQ:BLUD) announced that Dr. Gioacchino De Chirico has resigned as a President, CEO and a director of the company. He will be replaced by Joshua H. Levine with immediate effect. However, Dr. De Chirico, who has been with Immucor for the last 18 years, will remain with the company till June 2012 to ensure a smooth transition.
Till recently, Mr. Levine was the President and CEO of Mentor Corporation, a medical device manufacturer in the aesthetic medicine industry. Under his … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM To Invest In Indiana Plant

Posted: 13 Jun 2011 12:05 PM PDT

General Motors Co. (NYSE:GM) announced that it will invest $49 million for tooling and equipment of its powertrain plant in Bedford, Massachusetts. The investment will support production of 8-speed transmission and a small engine in the future at the plant. It will create or retain 91 jobs.
Bedford plant was opened in 1942 and is one of the leading aluminum die casting facilities in the world. It uses an aluminum die cast process to manufacture transmission casings and converter housings for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 13 Jun 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4420, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4690, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.42% to hit 0.8805 and EUR/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Supported At 1.43 After Extended 5-Wave Decline

Posted: 13 Jun 2011 11:40 AM PDT

EUR/USD to Complete wave A in a Correction (6/10)
EUR/USD

Short to Medium-Term- The EUR/USD indeed found support above the 1.43 level in an important support cluster.
- The 1H and 4H charts are resolving the oversold condition reflected by the RSI readings when they were below 30.
- The 4H chart shows a 5-wave structure. The 1H chart shows the internals and reveals what could have been an extended 5th. However, it remains a possibility that we are still in an extended 3rd wave. The latter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Healthways: US Well-Being Mired

Posted: 13 Jun 2011 11:35 AM PDT

Healthways (NASDAQ:HWAY) and Gallup recently announced the results of the monthly Gallup-Healthways Well-Being Index ("WBI") Report for May 2011.The overarching WBI measure remained on the lower side at 66.5, relatively unchanged from 66.2 recorded in April.
For the ninth consecutive month, the measure has failed to transcend the 66.0 and 66.7 range, demonstrating minimal enhancement in the overall well-being of the American people.
Among the WBI sub-components, the Basic Access Index moved in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will Peru Determine The Future Of Copper Prices?

Posted: 13 Jun 2011 11:33 AM PDT

Will Peru Determine The Future of Copper Prices?
by Tony D'Altorio, Investment U Research
Monday, June 13, 2011
The debate continues to rage over the short term as to the direction of copper prices.

The bears say that demand in China is slowing and that supplies are plentiful…

Meanwhile, the bulls point to steady demand from China. They also point to those in the industry who say that supplies are dwindling due to a lack of big discoveries and the lower quality of the ore being mined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NiSource Unit Offers $400M Notes

Posted: 13 Jun 2011 11:25 AM PDT

NiSource Inc. (NYSE:NI) announced that its subsidiary NiSource Finance Corp. has sold $400 million worth of notes yielding 5.95% interest per year and maturing on June 15, 2041. The notes were offered at $99.693 (per $100.00 principal).
NiSource’s unit will use the proceeds to repay short-term bank borrowings under its revolving credit facility.
NiSource’s long-term debts as of March 31, 2011, were $5.92 billion versus $5.93 billion as of December 31, 2010. The debt-to-capital ratio at the end of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Luminex In E. Coli Management

Posted: 13 Jun 2011 11:25 AM PDT

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, recently reported that its new xTAG Gastrointestinal Pathogen Panel ("GPP") test has been successfully used at German hospital, Kliniken der Stadt Koln, as a first-line screen for patients suspected of having the Escherichia coli (E. coli) infection.
The E. coli is a common bacterium that lives in the intestines of humans and many animals.  
The diagnostic test detected hemolytic-uremic syndrome ("HUS") … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Simon Ppy Mulls Chinese Outlets

Posted: 13 Jun 2011 11:25 AM PDT

According to the latest industry buzz, Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), is likely to expand its Premium Outlet Center business in China to capitalize on the premium shopping frenzy spurred by an improvement in market fundamentals.
The Premium Outlet Centers offers an unrivaled mix of leading designer and name-brand products at significant savings, and are set up in an architecturally distinct village-style setting with charm and ambiance. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Needs Spinach

Posted: 13 Jun 2011 11:18 AM PDT

Cusick’s Corner
Market is trying to garner strength but there is a lot of overhead resistance. News was a mixed bag today but the market has bounced back some, plus the VIX dropped again and is trading around 17. See you After Hours.
Stock market averages are rebounding from six-days of losses despite a round of mixed economic news Thursday. Before the opening bell on Wall Street, the Labor Department reported that jobless claims increased by 5,000 to 427,000 in the first week of June. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Tech Lags

Posted: 13 Jun 2011 11:18 AM PDT

Cusick’s Corner
As I said in the past few Corners, a bounce here is not unexpected, especially after the pounding that has been going on the last 6 sessions. What is concerning me is that Tech was the real laggard today, and some might say it is about time. But I watch offensive sectors closely, Finance/Consumer Discretionary etc., to see if any push could get tired quickly. The data was not a game changer and was not giving any wind to either the Bulls or the Bears. I would not be surprised to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Dollar Strength Dips The Market

Posted: 13 Jun 2011 11:18 AM PDT

Cusick’s Corner
This is one of those moments where one side of the market gets to sit back and think things are fat and happy – dollar up, metals and market down. This is a moment, one to respect, and now the “whys” start to pop up, .i.e. the market is down because of bad data/weak sectors like Financials, Tech, etc., Gold down, strength in the Dollar (but the depth of the gap is perplexing). The volume is low on this leg, a relative positive, but I want to watch the close to see if the big … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Know Thyself

Posted: 13 Jun 2011 11:18 AM PDT

Cusick’s Corner
Lately I have had a new mantra, “Be an Optimist.” However, there is not much on the financial landscape that makes me feel that way, nothing. But I remind myself that emotion is the very thing trading is all about. There are strategies that play to this very mood, .i.e. bearish strategies that will allow me to still stick with my new mantra. So sticking with my positive mantra, I am strategically looking at selling at-the-money call credit spreads and buying out-of-the-money put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 13 Jun 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0612, up 0.71% at time of writing.<br/><br/> The pair was likely to find support at 1.0526, Monday&rsquo;s low, and resistance at 1.0711, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.23% to hit 1.3586 and AUD/JPY rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Hibbett Sporting Goods, Inc.

Posted: 13 Jun 2011 11:04 AM PDT

Hibbett Sporting Goods, Inc. (NASDAQ:HIBB) recently hit a new multi-year high at after reporting a solid Q1 earnings surprise of 12%. Estimates have since moved higher, providing more support and momentum for this Zacks #1 rank stock.
Company Description
Hibbet Sports, Inc. operates as a retailer of athletic and sporting goods in the United States. The company was founded in 1945 and has a market cap of $1.05 billion.
Hibbet has been a shining star in the bumpy market of the last 6 weeks, hitting a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CenterPoint Faces Texas Bottleneck

Posted: 13 Jun 2011 11:04 AM PDT

CenterPoint Energy Inc. (NYSE:CNP) announced that the Texas Supreme Court has denied all motions for rehearing in its true-up appeal. The appeal is related to the electric restructuring law in Texas.
In the restructuring the regulatory structure governing electric utilities was amended in order to allow retail competition for electric customers beginning in January 2002.
The Texas electric restructuring law required the Public Utility Commission of Texas ("PUC") to conduct a "true-up" … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Unit To Buy Ness Technologies

Posted: 13 Jun 2011 11:04 AM PDT

Citigroup Inc.'s (NYSE:C) venture capital unit is set to acquire Ness Technologies Inc. (NASDAQ:NSTC). The companies have entered into a definitive merger agreement in this context. Under the agreement, an affiliate of Citi Venture Capital International will pay $7.75 per share in cash in a transaction valued at about $307 million. This purchase price represents a 16% premium to the closing price of Ness Technologies' stock on Friday.
The deal is expected to be accomplished in the next three to six … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Launches Cloud Service

Posted: 13 Jun 2011 11:04 AM PDT

NCR Corporation (NCR), a leading technology and solutions provider for the retail and financial services industry, is currently trying to expand in the cloud computing market.
The company recently launched its new NCR Hosting Services, which enables cloud providers' to gain access to NCR's IT infrastructure and service support in a highly flexible and cost-effective way. The new services are targeted at telecom carriers, original equipment manufacturers (OEMs) and system integrators … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mauritius Central Bank Raises Interest Rate 25bps To 5.50%

Posted: 13 Jun 2011 10:52 AM PDT

The Bank of Mauritius raised its repo rate by 25 basis points to 5.50% from 5.25% due to rising inflation.  The bank said: ”MPC members felt that, with the output gap nearing zero and underlying inflationary pressure not showing signs of abating, the process of normalizing the key repo rate should be continued,” …”The MPC considered it important to prevent the high consumer price inflation from generating second-round effects.”

Previously the Bank of Mauritius raised its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Volatile, Gives Up Early Gains

Posted: 13 Jun 2011 10:45 AM PDT

06/13/11 The US dollar gave up some early gains this afternoon following the ECB President Jean-Claude Trichet opposing any moves to get private sector investors involved in a bailout for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session

Posted: 13 Jun 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8132, down 1.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8116, today&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 1.25% to hit 1.2988 and EUR/NZD rising 1.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A New BJ’s Restaurant In California

Posted: 13 Jun 2011 10:40 AM PDT

BJ's Restaurants Inc. (NASDAQ:BJRI) recently announced the opening of a new unit in Westfield Century City Mall, California. This is the fourth of the company's targeted 12 to 13 new openings for fiscal 2011.
The newly opened restaurant spreads across approximately 7,300 square feet and accommodates around 245 guests. It is located in the 880,000 square feet open-air Westfield Century City Mall and is expected to benefit immensely from its strategic positioning. We also expect the great variety … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford, Sollers Enter Russian JV

Posted: 13 Jun 2011 10:35 AM PDT

Ford Motor Co. (NYSE:F) has finalized a deal with Russian automaker Sollers to form a 50/50 joint venture (JV), initially announced in February this year. The Ford Sollers JV will manufacture and sell cars and commercial vehicles (including the Ford Transit van) in Russia.
Both companies have lined up $1.4 billion in long-term financing from the Russian development bank, Vnesheconombank, for the JV.
The JV, scheduled to start operating in late 2011, will produce 350,000 vehicles per year by 2014 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Reward Balanced At Bayer

Posted: 13 Jun 2011 10:35 AM PDT

We are maintaining our Neutral recommendation on Germany's Bayer (BAYRY) with a target price of $86.00.
Headquartered in Leverkusen, Bayer is one of the world's largest healthcare and chemical corporations. Bayer operates in three major segments – Healthcare, Material Science and Crop Science. The HealthCare segment is involved in the research, development, manufacturing and marketing of products for the prevention, diagnosis and treatment of diseases.
The Material Science segment is one … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Incyte Gives Lead Candidate Data

Posted: 13 Jun 2011 10:35 AM PDT

Recently, Incyte Corporation (NASDAQ:INCY) presented additional data from a late-stage study (n=309) of its lead pipeline candidate INC424 (ruxolitinib) for treating patients suffering from myelofibrosis (MF), a rare bone marrow disorder. Data from the study, COMFORT- I, were presented at a conference of the European Hematology Association.
Data from the randomized, double-blind, placebo-controlled study revealed that there was a significant reduction in spleen volume in addition to improvements in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IDEX Corp. Acquires Melles Griot

Posted: 13 Jun 2011 10:35 AM PDT

IDEX Corporation (NYSE:IEX) recently closed the acquisition of Mexico-based CVI Melles Griot. In early May, IDEX Corporation agreed to acquire CVI Melles Griot from equity investment firm Norwest Equity Partners for about $400 million.
CVI designs and manufactures precision photonic solutions used in the life sciences, research, semiconductor, security and defense markets. The company generated annual revenues of $185 million. 
The acquisition is expected to be accretive to IDEX's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regal Beloit Acquires AFMC

Posted: 13 Jun 2011 10:35 AM PDT

Regal Beloit Corporation (NYSE:RBC) announced that it has acquired Melbourne-based Australian Fan and Motor Company (AFMC). The financial terms of the transaction were not disclosed.
AFMC manufactures and distributes an extensive range of direct drive blowers, fan decks, axial fans and sub fractional motors, which are sold both in Australia and New Zealand.
Management asserts that the combination of Regal Beloit's Fasco Australia and CMG businesses with AFMC will enable the company to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Discovery Drives Demand For Harvest Natural Resources Call Options

Posted: 13 Jun 2011 10:17 AM PDT

Oil discovery drives demand for Harvest Natural Resources call options
Today's tickers: HNR, ESI, XHB & FII
(NYSE:HNR) – Harvest Natural Resources, Inc. – News Harvest Natural Resources discovered oil off the coast of Gabon sent shares in the Houston, TX-based company up as much as 29.0% to an intraday high of $13.56. The sharp rally in the price of the underlying on the reports spurred bullish plays in Harvest's options this morning. Shares are currently up a lesser 12.65% at $11.83 as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Plummet Pulls Back Around 50% Retracement, Still Bearish

Posted: 13 Jun 2011 09:59 AM PDT

EUR/USD (daily chart) as of Monday (6/13/2011) has pulled back after dropping precipitously for three consecutive days last week from the 1.4700 area highs. This bullish pullback occurs after a low of 1.4320 was hit, which is just under the 50% Fibonacci retracement level of the last major bullish run (from the lows around 1.4000 to the highs around 1.4700). Despite this pullback, the directional bias on EUR/USD continues to be to the downside in line with the trendline breakdown and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Up 0.22%

Posted: 13 Jun 2011 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.22%, London&rsquo;s FTSE 100 shed 1.42%, France&rsquo;s CAC 40 climbed 0.07% and the EURO STOXX 50 was up 0.05%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.05%; the S&P 500 index shed 0.03%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wendy’s Agrees To Sell Its Arby’s Brand

Posted: 13 Jun 2011 09:15 AM PDT

06/13/11 The Wendy’s/Arby’s Group Inc. announced Monday that it has reached a deal to sell its Arby’s brand to a private equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Faroe Petroleum Disappointed By Results Of Lagavulin Exploration Well

Posted: 13 Jun 2011 03:27 AM PDT

Shares in oil and gas group Faroe Petroleum (LON:FPM) fell by nearly 20p to 150.25p during trading this morning on news that its Lagavulin exploration well was set to be plugged and abandoned after failing to find a workable reservoir. While the Chevron-operated well, drilled in acreage to the west of Shetland, did find a working petroleum system, it failed to live up to the successes of Faroe's Glenlivet and Tornado discoveries made in the region during 2008. Faroe holds a 10% stake in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Searching For The Market’s “Sweet Spot”

Posted: 12 Jun 2011 10:00 PM PDT

This piece was written by John Derrick, director of research and co-manager of the Holmes Growth Fund (ACBGX)
Investing in today's market isn't easy. With more choices (stocks, bonds, options, futures, currencies) and access to different markets and select sectors than ever before, it's overwhelming and difficult to sift through and decide what investment is best for you. That's where professional active money managers step in.
One of U.S. Global Investors' "sweet spots" is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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