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
- Benefits To Avoiding Worst Days In Market
- Forex – NZD/USD Up In Asian Trade
- Boeing 747-8 Transatlantic Flight To Run On Biofuel
- The Desperation Of The Don’t-Raise-Taxes-on-the-Rich Crowd
- Arch Finalizes International Coal
- Technical Trade Ideas For Friday, June 17
- The Day Ahead: Quadruple Witching, U. Of Michigan Consumer Sentiment, Leading Indicators; Euro-zone Trade Balance, ECB June Monthly Report
- Hot Option Plays: Fear On The Rise
- Kinder-Copano Join WPZ
- Oilfield Profits: BAS And KEG
- E*TRADE’s May DARTs Decline
- Host Hotels Hikes Dividend
- Red Lion Sells Seattle Property
- Another Feather In BMY’s Cap
- RIM Misses Revs, Guides Way Down
- Kaplan Division Teams With TTS
- Chevron Wins Bulgarian Approval
- NCR Brings SelfServe To Banking
- Closing Bell Market Monitor
- Forex – EUR/USD Up At The End Of U.S. Session
- Dow Invests $10B In China
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Analyst Interviews: ECommerce Stock Outlook & Review
- Qiagen Hopeful Of Ipsogen Takeover
- 360,000+ Citi Cards Hacked
- TAM Downgraded To Underperform
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Mixed At Close; Dow Jones Up 0.54%
- Aegon Gains Repayment Flexibility
- NeuroMetrix Partners For Diabetes
- Boeing Lifts Production Rate
- Forex – GBP/USD Down During The U.S. Session
- Boeing’s Forecast Flies High
- Zacks Upgrades SunSi To Outperform
- Excel Maritime Improves TC Contract
- Eli Lilly Launches Tradjenta
- Exxon’s $1.7B Marcellus Deal
- Terex Ups Order, Demag Nods
- U.S. Manufacturing In 2009 = Germany, Italy, France, Russia, U.K., Brazil And Canada COMBINED
- “The Truth About The Economy In 2 Minutes And 15…
- Hot Option Plays: Bottom-Picking – Leave It To The Proctologists
- Forex – USD/CAD Up In U.S. Trade
- Zacks Upgrades SunSi To Outperform
- DecisionPoint Closes Deal
- Hanger Adopts NextGen Solutions
- Maxwell Modules Aid Truck Owners
- Varian Wins Shonin In Japan
- Discover Sanctions $1B Buyback
- CTIC Set To Resubmit Pixantrone NDA
- Forex – EUR/USD Down In U.S. Trading Hours
- J.C. Penney Takes A Bite Out Of Apple
- Investors Take To Research In Motion Options Ahead Of Earnings
- Changes At The Top For Polar
- Zacks Upgrades SunSi To Outperform
- Zacks Upgrades SunSi To Outperform
- Zacks Upgrades SunSi To Outperform
- Taubman Prices Equity Offer
- EIA: Crude, Distillate Stocks Drop
- Forex – AUD/USD Down In U.S. Trade
- Manpower Upgraded
- Another Euro Slide On Risk Aversion
- Forex – NZD/USD Down During The U.S. Session
- Northrop’s Global Hawk Lives
- Kinder Morgan Buys Petcoke Terminal
- “Selling Pressure Has Subsided”
- HP Wins Contract From LeaseWeb
- Heavy Metal Earnings Surge
- APD Acquires Poly-Flow Engineering
- Swiss National Bank Holds Interest Rate At 0.25%
- Philippine Central Bank Holds Interest Rate At 4.50%
- Two Timeframe Action In Google GOOG At The Key 500 Level
- Another Blow To The UK As Retail Sales Decline 1.4%
- Forex – GBP/USD Down In U.S. Trade
- Austerity Doesn’t Work
- European Markets Close Lower; Dax Down 0.07%
- GE Wellstream Wins New Contract
- Ameriprise Authorizes Share Buyback
- Harvard B-School Admits More MBA Students With Manufacturing Backgrounds: From 9% To 14%
- Euro-cash Pressures Trip-up Nearby Eurodollar Futures
Forex – GBP/JPY Down During The Asian Session Posted: 16 Jun 2011 05:45 PM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 130.17, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 129.76, Thursday’s low, and resistance at 132.33, Tuesday’s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.03% to hit 1.6151 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Benefits To Avoiding Worst Days In Market Posted: 16 Jun 2011 05:18 PM PDT Again, moral is that Buy & Protect is a must in our 21st century markets. Buy & Hold and modern portfolio theory need to add in a smarter layer of risk management to be effective in our stock markets today. 5 Year SPY Study 100 year study shows following: 100 year study |
Forex – NZD/USD Up In Asian Trade Posted: 16 Jun 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8062, up 0.18% at time of writing.<br/><br/> The pair was likely to find support at 0.7973, today’s low, and resistance at 0.8219, Monday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.08% to hit 1.3108 and EUR/NZD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Boeing 747-8 Transatlantic Flight To Run On Biofuel Posted: 16 Jun 2011 03:57 PM PDT 06/16/11 Boeing will fly its 747-8 jet freighter across the Atlantic Ocean on sustainable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
The Desperation Of The Don’t-Raise-Taxes-on-the-Rich Crowd Posted: 16 Jun 2011 03:52 PM PDT The much-vaunted Republican pledge not to raise any taxes is crumbling. Tuesday 34 Senate Republicans voted to end the special tax breaks for ethanol. |
Arch Finalizes International Coal Posted: 16 Jun 2011 03:35 PM PDT Arch Coal Inc. (NYSE:ACI) announced the successful closing of the merger deal with International Coal Group Inc. (NYSE:ICO). Following the completion of the acquisition International Coal will operate as a wholly owned subsidiary of Arch. |
Technical Trade Ideas For Friday, June 17 Posted: 16 Jun 2011 03:25 PM PDT ( click to enlarge ) Shares of Novatel Wireless, Inc. (NASDAQ:NVTL) soared 6.42% or 34 cents to $5.64 per share, continuing to react to the news of BMO Capital that Novatel’s (NVTL) MiFi has emerged as the preferred LTE device at Verizon (VZ).The firm thinks the Street is underestimating Novatel’s positive catalysts in 2H11 and it maintains above-consensus estimates for the company as well as an Outperform rating. The technical daily chart shows the stock is in a rally as %K line is rising on top … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 10:20 AM PDT 06/16/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Hot Option Plays: Fear On The Rise Posted: 16 Jun 2011 03:17 PM PDT Cusick’s Corner |
Posted: 16 Jun 2011 03:10 PM PDT Eagle Ford Gathering LLC, a joint venture (JV) between Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and Copano Energy, L.L.C. (NASDAQ:CPNO), entered into a long-term agreement to provide midstream services to Williams Partners L.P. (NYSE:WPZ) at the Markham processing plant. |
Posted: 16 Jun 2011 03:05 PM PDT It’s easy to think of energy companies in broad strokes. Either there are the big integrated firms, or there are hundreds of independent E&P firms, drillers, and refiners. But, of course, in between are lots of companies that specialize in providing services to all these firms. Names like Halliburton (NYSE:HAL), Schlumberger (NYSE:SLB), and Baker-Hughes (NYSE:BHI) are the big players here. |
Posted: 16 Jun 2011 03:05 PM PDT Online broker E*TRADE Financial Corporation (NASDAQ:ETFC) released its Monthly Activity Report for May 2011 on Wednesday, recording a sequential as well as year-over-year decline in average U.S. trades. |
Posted: 16 Jun 2011 03:05 PM PDT Host Hotels & Resorts, Inc. (HST) a real estate investment trust (REIT) recently hiked its quarterly cash dividend by 1 cent to 3 cents per share. This translates into a massive 50% increase over the earlier dividend. |
Red Lion Sells Seattle Property Posted: 16 Jun 2011 03:05 PM PDT Red Lion Hotels Corporation (NYSE:RLH) has closed the sale of its hotel in Seattle. An affiliate of Lowe Enterprises Investors has acquired the property for $71 million. The public sale process was handled by Chris Burdett of CB Richard Ellis Hotels. |
Posted: 16 Jun 2011 02:25 PM PDT Bristol-Myers Squibb Company's (NYSE:BMY) product portfolio was boosted further when the US Food and Drug Administration (FDA) approved its drug Nulojix (belatacept) to prevent the rejection of transplanted kidneys in adults. |
RIM Misses Revs, Guides Way Down Posted: 16 Jun 2011 02:25 PM PDT The continuing difficulties for Research In Motion (NASDAQ:RIMM) continued after the bell Thursday, when the BlackBerry smartphone maker reported earnings for its fiscal 1st quarter of 2012. While the company met the Zacks consensus EPS estimate of $1.32 per share, it missed revenue expectations of $5.4 billion by roughly half a billion dollars to $4.9 billion. Far more damaging for RIM, however, is its drastically lowered earnings guidance from $7.50 per share to a range of $5.25-$6.00. The Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Kaplan Division Teams With TTS Posted: 16 Jun 2011 02:25 PM PDT Kaplan Learning Technologies, a business division of Kaplan, recently announced that it has entered into a partnership with TrainingToolSite.com (TTS). Kaplan is a pioneer in education services and a part of The Washington Post Company (NYSE:WPO). |
Chevron Wins Bulgarian Approval Posted: 16 Jun 2011 02:05 PM PDT Chevron Corp. (NYSE:CVX) has secured a five-year permit from the Bulgarian government for the exploration of shale gas deposits in northeastern Bulgaria. |
NCR Brings SelfServe To Banking Posted: 16 Jun 2011 02:05 PM PDT NCR Corp. (NYSE:NCR) remains deeply committed to ensure self-service solutions for customers of financial institutions. The company added another feather to its cap with the launch of its advanced financial kiosks, designed to take routine bank transactions away from teller windows. |
Posted: 16 Jun 2011 02:00 PM PDT 06/15/11 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: 16 Jun 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4210, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.4074, today’s low, and resistance at 1.4498, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 01:40 PM PDT Chemical giant The Dow Chemical Company (NYSE:DOW) plans to invest $10 billion in China. The $10 billion fund will cover a coal chemical project in the northern Chinese province of Shaanxi, where the chemical giant will join forces with Shenhua Group Corp. and the local government. |
Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 16 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> USD/JPY was trading at 80.61, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 80.09, Monday’s low, and resistance at 81.06, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Analyst Interviews: ECommerce Stock Outlook & Review Posted: 16 Jun 2011 01:35 PM PDT The Electronic Commerce, or e-commerce, industry is one of the most developing sectors of the economy. The industry is evolving very rapidly, so data collection and evaluation are particularly difficult. Consequently, one has to rely largely on surveys by both government and private agencies. According to the U.S. Census Bureau, the manufacturing sector is the largest contributor to e-commerce sales (42% of their total shipments), followed by merchant wholesalers (23.4% of their total sales). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Qiagen Hopeful Of Ipsogen Takeover Posted: 16 Jun 2011 01:35 PM PDT Recently, Qiagen (NASDAQ:QGEN) entered into an agreement to acquire 47% stake in France based Ipsogen at €12.90 per share. Thereafter, Qiagen wishes to make a public offer to fully acquire the company. With Ipsogen, Qiagen would have access to a wide portfolio of biomarkers targeted to patients suffering from with blood cancer. |
Posted: 16 Jun 2011 01:35 PM PDT Citigroup Inc. (NYSE:C) has revealed the extent of the recent security breach it faced after hackers got access to hundreds of thousands of its credit card customers' information in North America. Management affirmed that around 360,083 North America Citi-branded credit cards were hacked and only accounts issued in the U.S. were impacted. |
TAM Downgraded To Underperform Posted: 16 Jun 2011 01:35 PM PDT We recently downgraded our recommendation on TAM S.A (NYSE:TAM) to Underperform from Neutral. |
Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 16 Jun 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4191, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.4074, today’s low, and resistance at 1.4498, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
U.S. Markets Mixed At Close; Dow Jones Up 0.54% Posted: 16 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.54%, the S&P 500 index gained 0.18%, while the Nasdaq 100 index declined 0.41%.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell unexpectedly to a seasonally adjusted -7.7 last month from 3.9 in the preceding month.<br/><br/>Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Aegon Gains Repayment Flexibility Posted: 16 Jun 2011 01:06 PM PDT Yesterday, Dutch insurer Aegon NV (NYSE:AEG) announced that it has freed itself of the government debt on making the last repayment of €1.125 million. The company was offered a bailout amount of €3.0 billion during the peak of the global financial crisis in 2008. |
NeuroMetrix Partners For Diabetes Posted: 16 Jun 2011 12:55 PM PDT Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) has partnered with Florida-based leading diabetes management products maker Nipro Diagnostics for its latest test, the NC-stat DPNCheck. The NC-stat DPNCheck test has been designed for evaluating systemic neuropathies such as diabetic peripheral neuropathy ("DPN"). |
Posted: 16 Jun 2011 12:55 PM PDT The Boeing Company (NYSE:BA) has decided to increase its production rate for the Next-Generation 737 to 42 airplanes per month from its current production rate of 31.5 airplanes. The company also raised production of 777 to 7 per month from 5, and plans to accelerate to 8.3 per month in the first quarter of 2013. |
Forex – GBP/USD Down During The U.S. Session Posted: 16 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales.<br/><br/> GBP/USD was trading at 1.6142, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.6079, today’s low, and resistance at 1.6442, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 12:35 PM PDT Boeing's Forecast Flies High |
Zacks Upgrades SunSi To Outperform Posted: 16 Jun 2011 12:35 PM PDT Steven Ralston, CFA SunSi Energies (SSIE) reached a milestone with the announcement that the company's financial commitments for the acquisition of 60% of Wendeng trichlorosilane facility having been completed. We are now more confident on the expected revenue stream for SunSi going forward, along with the financial flexibility afforded SunSi to pursue the strategy of acquiring additional trichlorosilane capacity. SunSi is the only US publicly traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Excel Maritime Improves TC Contract Posted: 16 Jun 2011 12:35 PM PDT Excel Maritime Carriers Ltd. (NYSE:EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleets. The company announced that it has entered into 2-year time charter agreement with first class European charterers for 2 of its Kamsarmax vessels, M/V Coal Hunter and M/V Santa Barbara. |
Posted: 16 Jun 2011 12:35 PM PDT Eli Lilly and Company (NYSE:LLY) and partner Boehringer Ingelheim Pharmaceuticals, Inc. recently announced that their type II diabetes treatment, Tradjenta (linagliptin) is now available in pharmacies across the US. Tradjenta, which has been priced at $6.77 per tablet, is available at Walgreen (NYSE:WAG), CVS Caremark Corp. (NYSE:CVS), Rite Aid Corp. (NYSE:RAD) and several other leading chain and independent pharmacies as well. |
Posted: 16 Jun 2011 12:35 PM PDT Irving-based ExxonMobil Corp. (NYSE:XOM) has bought two privately held natural gas companies –– Phillips Resources Inc. and TWP Inc. –– for $1.69 billion, picking up about 317,000 acres for exploration in the high-return Marcellus Shale. ExxonMobil, the largest U.S.natural gas producer, stated that the two companies had combined proved reserves of 228 billion cubic feet equivalent of natural gas. |
Posted: 16 Jun 2011 12:35 PM PDT Terex Corp's (NYSE:TEX) takeover story of Demag Cranes AG took a positive turn with Terex upping its offer from 41.75 euros to 45.50 euros per share and both the parties signing an agreement foreshadowing future plans. |
U.S. Manufacturing In 2009 = Germany, Italy, France, Russia, U.K., Brazil And Canada COMBINED Posted: 16 Jun 2011 12:33 PM PDT The chart above helps put the size of the U.S. manufacturing sector into perspective. In 2009, the U.S. produced $2.33 trillion of manufacturing output including mining and utilities, according to data from the United Nations. The U.S. ranked #1 in the world for manufacturing, and produced 14% more output than second-ranked China ($2.04 trillion) and twice as much output as third-ranked Japan ($1.15 trillion). What’s most impressive is that the U.S. produced almost as much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
“The Truth About The Economy In 2 Minutes And 15… Posted: 16 Jun 2011 12:23 PM PDT "The Truth About the Economy in 2 Minutes and 15 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Hot Option Plays: Bottom-Picking – Leave It To The Proctologists Posted: 16 Jun 2011 12:17 PM PDT Cusick’s Corner |
Forex – USD/CAD Up In U.S. Trade Posted: 16 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> USD/CAD was trading at 0.9858, up 0.68% at time of writing.<br/><br/> The pair was likely to find support at 0.9672, Wednesday’s low, and resistance at 0.9898, today’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Zacks Upgrades SunSi To Outperform Posted: 16 Jun 2011 12:05 PM PDT Steven Ralston, CFA SunSi Energies (SSIE) reached a milestone with the announcement that the company's financial commitments for the acquisition of 60% of Wendeng trichlorosilane facility having been completed. We are now more confident on the expected revenue stream for SunSi going forward, along with the financial flexibility afforded SunSi to pursue the strategy of acquiring additional trichlorosilane capacity. SunSi is the only US publicly traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 12:05 PM PDT Ken Nagy, CFA DecisionPoint (COMT, formerly DNPI) designs, sells, installs and services voice and data communications products and systems for private networks and wireless broadband systems to a wide range of enterprise markets, including retail, transportation and logistics, manufacturing, wholesale and distribution. The combination of its blue chip portfolio of customers as well as the reverse merger combination has the firm projecting the top-line to nearly double … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Hanger Adopts NextGen Solutions Posted: 16 Jun 2011 12:05 PM PDT Leading orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR) has partnered with NextGen Healthcare, the wholly-owned subsidiary of Quality Systems' (NASDAQ:QSII). |
Maxwell Modules Aid Truck Owners Posted: 16 Jun 2011 12:05 PM PDT Maxwell Technologies (NASDAQ:MXWL) has developed a 12 volt ultracapacitor module based on its patented ultracapacitor technology. This new engine start module will help in starting commercial trucks and other heavy vehicles in adverse conditions, thereby lowering the cost of operations. |
Posted: 16 Jun 2011 12:05 PM PDT Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) recently disclosed that it has won Shonin approval from the Ministry of Health, Labor and Welfare ("MHLW") in Japan to sell its TrueBeam system for image-guided radiotherapy as well as radiosurgery. |
Discover Sanctions $1B Buyback Posted: 16 Jun 2011 12:05 PM PDT Yesterday, the board of Discover Financial Services (NYSE:DFS) approved and authorized a two-year share repurchase program worth $1 billion with an expected expiry on June 14, 2013. |
CTIC Set To Resubmit Pixantrone NDA Posted: 16 Jun 2011 12:05 PM PDT Cell Therapeutics (CTIC) recently met with the Division of Oncology Drug Products (the DODP) of the US Food and Drug Administration (FDA) and received guidance for resubmission of the new drug application (NDA) for its lead pipeline candidate pixantrone. Pixantrone has been developed for the treatment of relapsed or refractory aggressive non-Hodgkin's lymphoma (NHL) in patients who have not responded to other treatment options. The company is also looking for accelerated approval of the NDA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/USD Down In U.S. Trading Hours Posted: 16 Jun 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4141, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.4074, today’s low, and resistance at 1.4498, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
J.C. Penney Takes A Bite Out Of Apple Posted: 16 Jun 2011 11:31 AM PDT J.C. Penney Takes a Bite Out of Apple |
Investors Take To Research In Motion Options Ahead Of Earnings Posted: 16 Jun 2011 11:28 AM PDT Investors take to Research In Motion options ahead of earnings |
Posted: 16 Jun 2011 11:25 AM PDT Ken Nagy, CFA Polar Wireless (BCDI) is a mobile virtual network operator (MVNO), which intends to monetize its proprietary technology. The firm's SIM cards work in conjunction with current providers to eliminate roaming charges without the hassle of changing phone numbers or customer behavior. Fast growing mobile phone technology combined with the uptick in global travel has made the world a very small space, however high costs and hassles still exist. Our rating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Zacks Upgrades SunSi To Outperform Posted: 16 Jun 2011 11:25 AM PDT Steven Ralston, CFA SunSi Energies (SSIE) reached a milestone with the announcement that the company's financial commitments for the acquisition of 60% of Wendeng trichlorosilane facility having been completed. We are now more confident on the expected revenue stream for SunSi going forward, along with the financial flexibility afforded SunSi to pursue the strategy of acquiring additional trichlorosilane capacity. SunSi is the only US publicly traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Zacks Upgrades SunSi To Outperform Posted: 16 Jun 2011 11:25 AM PDT Steven Ralston, CFA SunSi Energies (SSIE) reached a milestone with the announcement that the company's financial commitments for the acquisition of 60% of Wendeng trichlorosilane facility having been completed. We are now more confident on the expected revenue stream for SunSi going forward, along with the financial flexibility afforded SunSi to pursue the strategy of acquiring additional trichlorosilane capacity. SunSi is the only US publicly traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Zacks Upgrades SunSi To Outperform Posted: 16 Jun 2011 11:25 AM PDT Steven Ralston, CFA SunSi Energies (SSIE) reached a milestone with the announcement that the company's financial commitments for the acquisition of 60% of Wendeng trichlorosilane facility having been completed. We are now more confident on the expected revenue stream for SunSi going forward, along with the financial flexibility afforded SunSi to pursue the strategy of acquiring additional trichlorosilane capacity. SunSi is the only US publicly traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 11:25 AM PDT Taubman Centers Inc. (NYSE:TCO), a real estate investment trust (REIT), has priced its equity offer of 1.75 million common shares announced recently at $56.50 each. The secondary offering is part of its strategic initiative to raise cash and repay debt. Taubman has also decided to grant The Goldman Sachs Group, Inc. (NYSE:GS) – the sole underwriter for the offering, an option to purchase an additional 262,500 shares to cover any over-allotments. |
EIA: Crude, Distillate Stocks Drop Posted: 16 Jun 2011 11:25 AM PDT The U.S. Energy Department’s weekly inventory release showed that crude and distillate stockpiles moved downwards, while gasoline supplies rose for the sixth straight week. Meanwhile, refiners reduced processing rates by 1.1%. |
Forex – AUD/USD Down In U.S. Trade Posted: 16 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> AUD/USD was trading at 1.0517, down 0.57% at time of writing.<br/><br/> The pair was likely to find support at 1.0478, today’s low, and resistance at 1.0716, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 11:05 AM PDT We recently upgraded our recommendation on ManpowerGroup (NYSE:MAN) to Outperform with a price target of $61.00. Moreover, the company also holds a Zacks #1 Rank, which translates into a short-term 'Strong Buy' rating and correlates with our long-term outlook. Earlier, we had a Neutral stance on the stock. |
Another Euro Slide On Risk Aversion Posted: 16 Jun 2011 11:00 AM PDT 06/16/11 The euro currency took another dive this afternoon against the dollar as Greek default concerns grew and economic data remained … [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: 16 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> NZD/USD was trading at 0.8012, down 0.67% at time of writing.<br/><br/> The pair was likely to find support at 0.7973, today’s low, and resistance at 0.8219, Monday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 10:40 AM PDT Defense contractor Northrop Grumman Corporation's (NYSE:NOC) much touted unmanned aerial vehicle ("UAV") Global Hawk received a new lease of life with Pentagon's chief weapons buyer Ashton Carter asserting its need to the U.S. congressional defense committees. Global Hawk is an unmanned aerial vehicle used by the U.S. Air Force and Navy as a surveillance aircraft. |
Kinder Morgan Buys Petcoke Terminal Posted: 16 Jun 2011 10:40 AM PDT Kinder Morgan Energy Partners (NYSE:KMP) has bought a newly constructed petroleum coke (petcoke) terminal in Port Arthur, Texas from TGS Development Group. The terminal cost the company approximately $67 million. |
“Selling Pressure Has Subsided” Posted: 16 Jun 2011 05:40 AM PDT 06/16/11 Sunrise Securities’ Ben Willis weighs in on today’s bounce in US stocks, and discusses weakness in regional manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
HP Wins Contract From LeaseWeb Posted: 16 Jun 2011 10:35 AM PDT The world's largest personal computer (PC) maker, Hewlett-Packard Company (NYSE:HPQ) has recently won a business deal from one of Europe's largest Internet hosting providers, LeaseWeb. As per the terms of the agreement, the largest PC maker is expected to implement HP ProLiant server technology in its data centers in the Netherlands, Germany and Belgium, as well as at its newest facility in Virginia. |
Posted: 16 Jun 2011 10:35 AM PDT No less than five steel stocks currently carry the esteemed Zacks #1 Rank (strong buy) this week. And four of the five have been there for over a month. In the list below, the first three are classified as standard producers and occupy a Zacks Industry Rank of 163, near the bottom of the Neutral category. The last two names are considered “specialty” steel companies and their industry grouping holds the 26th spot, making it very worthy of attention. |
APD Acquires Poly-Flow Engineering Posted: 16 Jun 2011 10:35 AM PDT The industrial gas company Air Products & Chemicals Inc. (NYSE:APD) announced that it has acquired Poly-Flow Engineering (PFE), an Albuquerque, N.M., company that makes equipment for the semiconductor industry for an undisclosed amount. |
Swiss National Bank Holds Interest Rate At 0.25% Posted: 16 Jun 2011 10:22 AM PDT The Swiss National Bank held its target for the 3-month franc LIBOR unchanged at 0.25 percent, with exchange rate concerns taking focus. The Bank said: ”Should the exchange rate again be subject to significant changes, a reassessment of the inflation outlook would be required,”. At its March meeting this year the Swiss National Bank also maintained the interest rate at 0.25%. The Bank is forecasting inflation of 0.9% during 2011, while 2012 inflation is expected at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Philippine Central Bank Holds Interest Rate At 4.50% Posted: 16 Jun 2011 10:12 AM PDT The Bangko Sentral ng Pilipinas held its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%. However the Bank did increase its required reserve ratio by 100 basis points, effective June 24. The Bank said: “In deciding to maintain policy rates, the Monetary Board noted that the latest baseline forecasts show a lower path and that inflation expectations have shown some signs of leveling off.” … “Meanwhile, the Monetary Board’s decision to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Two Timeframe Action In Google GOOG At The Key 500 Level Posted: 16 Jun 2011 10:05 AM PDT Google shares (GOOG) have fallen to a critical "make or break" price support level as seen both on the weekly and daily chart. Cutting right to the chase, the flat 200 week Simple Moving Average (red) rests at $505.30 per share (rounded to $505). |
Another Blow To The UK As Retail Sales Decline 1.4% Posted: 16 Jun 2011 05:00 AM PDT 06/16/11 In the latest round of weak economic reports coming out of the UK, retail sales figures for May unexpectedly declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – GBP/USD Down In U.S. Trade Posted: 16 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales.<br/><br/> GBP/USD was trading at 1.6133, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.6079, today’s low, and resistance at 1.6442, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 Jun 2011 09:59 AM PDT It shouldn't take a Greek tragedy to remind us that austerity doesn't work. It maximizes the pain of necessary adjustment. |
European Markets Close Lower; Dax Down 0.07% Posted: 16 Jun 2011 09:55 AM PDT Forex Pros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.07%, London’s FTSE 100 shed 0.76%, France’s CAC 40 declined 0.38% and the EURO STOXX 50 was down 0.03%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.68%; the S&P 500 index gained 0.50%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
GE Wellstream Wins New Contract Posted: 16 Jun 2011 09:52 AM PDT General Electric (NYSE:GE) Oil & Gas' Wellstream business has been awarded a long-term contract by Petróleo Brasileiro S.A., aka Petrobras (NYSE:PBR), one of the largest companies in Latin America. |
Ameriprise Authorizes Share Buyback Posted: 16 Jun 2011 09:52 AM PDT Ameriprise Financial Inc. (NYSE:AMP) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback its common shares worth $2 billion through June 28, 2013. |
Harvard B-School Admits More MBA Students With Manufacturing Backgrounds: From 9% To 14% Posted: 16 Jun 2011 09:31 AM PDT From the WSJ article “Harvard Business School Changes Its Class Profile”: “Harvard Business School’s incoming class will have a substantially smaller percentage of finance professionals than in previous years. Instead, a higher number of students will have manufacturing and technology backgrounds. Students with manufacturing backgrounds make up 14% of the class of 2013, up from 9% the previous year (see chart above). Technology rose three percentage points to 9%.” MP: Harvard must be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Euro-cash Pressures Trip-up Nearby Eurodollar Futures Posted: 16 Jun 2011 09:11 AM PDT Tension within the Eurozone rose to boiling point on Thursday after German insistence that Greek bondholders must share the burden of failure was countered by comments from an ECB member stating that Europe's emergency fund should be doubled under such circumstances. The failed negotiations will begin again over the weekend with EU monetary commissioner Olli Rehn saying that his "close contact" with the IMF leaves him assured that Greece will soon receive its next round of aid to the tune … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
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