Thursday, June 16, 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: 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&rsquo;s low, and resistance at 132.33, Tuesday&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 0.03% 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.  
SPY from January 1, 2006 – Dec 31, 2011.

5 Year SPY Study

100 year study shows following:

100 year study

 
read more too at:   … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.8219, Monday&rsquo;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.
According to no-tax-increase purists like Grover Norquist, this is tantamount to a tax increase.
The truth is, Republicans are divided between those who want to bring down the budget deficit and those who want to shrink government. Ending a special tax subsidy helps reduce the deficit but doesn't necessarily shrink government. That's why … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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. 
As part of the merger, Arch completed a previously disclosed tender offer acquiring nearly 92% of International Coal's outstanding shares of common stock for an aggregate value $3.4 billion, excluding costs associated with the redemption of International … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

The Day Ahead: Quadruple Witching, U. Of Michigan Consumer Sentiment, Leading Indicators; Euro-zone Trade Balance, ECB June Monthly Report

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
Support held into the close and the After Hours finished in the green. Quad Witching is tomorrow where the options and futures all expire and the European options actually settle in the morning so there could be some maneuvering early based on the settlement. There is a lot of work that needs to be done on the upside if the bulls really do have a chance to make any kind of measured move, keep and eye on the Euro Currency pre-market and early in the opening session, a strong Euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinder-Copano Join WPZ

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.
The deal entitles Eagle Ford Gathering to build a seven-mile, 20-inch lateral for processing Eagle Ford Shale production at Williams Partners' Markham plant in Matagorda County, Texas.
The construction mainly aims to connect the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oilfield Profits: BAS And KEG

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.
Oilfield services is an industry group with 32 companies in it currently, according to the Zacks Industry … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

E*TRADE’s May DARTs Decline

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.
For the reported month, Daily Average Revenue Trades (DARTs) were 153,943, down 4% sequentially and 22% year over year. Broker performance is generally measured through DARTs. DARTs represent a number of trades from which brokers can expect commissions or fees.
At the end of the month, total accounts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Host Hotels Hikes Dividend

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.
The increased dividend will be paid on July 15, 2011, to stockholders of record on June 30, 2011. This takes the annual dividend yield as of June 15, 2011, to 76.0%.
The company increased the first quarter common dividend by 1 cent to 2 cents per share. As operations continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
While the hived off property will continue to operate under the Red Lion name, managed it will now be managed by Destination Hotels & Resorts, the affiliate of Lowe Enterprises Investors. This 297-room Red Lion Hotel on Fifth Avenue is located in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Feather In BMY’s Cap

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.
We remind investors that Bristol-Myers has succeeded in getting the drug approved in the US for the indication in its second attempt. In the second quarter of 2010, the FDA issued a complete response letter in response to biologic license application (BLA) submitted by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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).          
TrainingToolSite.com, brain child of Ken Joseph and Lou Roberts, is engaged in providing training and facilitating business transformation.
In the recent economic scenario, lower number of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
The company will make a 30 million euro payment to the Bulgarian government to commence shale gas exploration in the field, which – as per initial estimates – is expected to have the potential reserves between 300 billion and 1 trillion cubic meters of shale gas.
Last month, the U.S. oil giant won a tender offer to explore and consequently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Through NCR's newest offerings — SelfServ 4 and SelfServ 8 — customers can now open and maintain accounts, study and purchase financial products, pay bills and fines as well as search for loans, credit cards, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor

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&rsquo;s low, and resistance at 1.4498, Tuesday&rsquo;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

Dow Invests $10B In China

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.
During first-quarter 2011, Dow had $1.04 billion of sales in China. However, management expects the annual sales growth in the country to slow to 15% from an average of 20% since 2000.
On the other hand, Dow Water & … [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: 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&rsquo;s low, and resistance at 81.06, Wednesday&rsquo;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.
Ipsogen recorded 24% sales growth in 2010 to €8.4 million (approximately $11 million). The total value on fully acquiring Ipsogen would stand at €70 million (fully … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

360,000+ Citi Cards Hacked

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.
Citi came to know about this unauthorized access during a routine check up. Customers’ account information such as name, account number and contact … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
We believe that the formation of LATAM due to the proposed merger of Lan Airlines and TAM S.A may abruptly push the company into a platform of sturdy competition against tougher rivals. This may affect the company's profitability. Moreover, the delay in merger due to the Chilean authority, leading to a start-up hindrance involves a negative sentiment for the time being.
Huge air traffic growth coupled … [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: 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&rsquo;s low, and resistance at 1.4498, Tuesday&rsquo;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.
The latest and last repayment includes €750 million that was used for repurchasing 187.5 million convertible core capital securities and a premium payment of €375 million. Aegon raised this booty from the sale of the reinsurance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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").
Nipro Diagnostics, a wholly-owned subsidiary of Japan-based Nipro Corporation Inc, offers high-quality blood glucose monitoring products and systems globally. The collaboration … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Lifts Production Rate

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.
Boeing plans to steadily increase the production rate for 737 to 35 per month in early 2012, 38 per month in the second quarter of 2013 and then to 42 per month in the first half of 2014. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.6442, Tuesday&rsquo;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

Boeing’s Forecast Flies High

Posted: 16 Jun 2011 12:35 PM PDT

Boeing's Forecast Flies High
by Justin Dove, Investment U Research
Thursday, June 16, 2011
Boeing's Current Market Outlook (CMO) set a positive tone for the airplane industry as they gear up for the 2011 Paris Air Show.
Boeing (NYSE:BA), usually conservative in future estimates, released a bullish forecast Thursday. The report estimates that jet sales will reach $4 trillion over the next 20 years. That equates to 33,500 jet sales between now and 2030. It's also 2,600 more than they estimated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zacks Upgrades SunSi To Outperform

Posted: 16 Jun 2011 12:35 PM PDT

Steven Ralston, CFA
Zacks upgrades SunSi to Outperform

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.
The gross daily average TC rate will be $15,000 for the first year. For the second year, the daily TC rate will be linked to Baltic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eli Lilly Launches Tradjenta

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.
Eli Lilly and Boehringer are working on gaining formulary coverage for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon’s $1.7B Marcellus Deal

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.
The XTO Energy acquisition last year gave ExxonMobil access to significant unconventional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terex Ups Order, Demag Nods

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.
Demag's board has agreed to recommend the company's shareholders to accept the improved offer. The new offer is however subject to the same condition as before – a minimum acceptance threshold of 51% by Demag shareholders with an expiration date of June 30.
The increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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
I am not going to try to pick a bottom here but the landscape of the market is bearish. This move to the downside has potentially raised consumer hopes that this recent pullback in crude might (and I stress MIGHT) be reflected at the pump but I am not holding my breath. The equity and commodity markets cannot seem to hold any rally attempt and technicians are monitoring the 200 SMA, watch 1254 on the September S&P Futures for a breach of critical long-term support levels. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.9898, today&rsquo;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
Zacks upgrades SunSi to Outperform

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

DecisionPoint Closes Deal

Posted: 16 Jun 2011 12:05 PM PDT

Ken Nagy, CFA
DecisionPoint Closes Deal

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).
Under the collaboration, Hanger will implement NextGen's Ambulatory electronic health record ("EHR") and Practice Management solutions to automate clinical and operational workflows (such as medical records, billing and scheduling) across hundreds of patient care centers.
NextGen's integrated Ambulatory Practice … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Maxwell will sell this new product as an original equipment, which comes with an easy-to-install retrofit solution. This module will provide onboard jump-start capability  assisting heavy vehicle owners to start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Varian Wins Shonin In Japan

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.
TrueBeam is Varian's most sophisticated cancer treatment system. It is especially suitable for therapy of lung and liver cancer, which are among the five most common cancers in Japan. Varian has designed its TrueBeam … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Although the approval is effective immediately, the buyback of its shares will be held from time to time through open market operations, depending on the market conditions.
Over the last few quarters, Discover has been benefiting from the growth in the loan loss reserve release as well as gains from the payments … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.4498, Tuesday&rsquo;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
by Justin Dove, Investment U Research
Thursday, June 16, 2011
It's amazing how one man can change the price of a stock so rapidly these days.
J.C. Penney (NYSE:JCP) saw its stock spike up 17.5 percent Tuesday on news that Ron Johnson will be leaving Apple (NASDAQ:AAPL) to become the retail giant's next CEO.
Johnson is best known as the brains behind the Apple Store, which has become a resounding success in retail. Now he aims to tackle what could be his biggest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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
Today's tickers: RIMM, ULBI, NABI & CX
Strong corporate earnings helped fuel the S&P 500 Index's more than 30% rally since the end of last summer up to its highest point at 1370 at the start of May. A number of companies are scheduled to report earnings today, including beleaguered Blackberry maker Research In Motion Ltd. Will another spate of potentially strong corporate results inject renewed confidence into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Changes At The Top For Polar

Posted: 16 Jun 2011 11:25 AM PDT

Ken Nagy, CFA
Changes at the Top for Polar

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
Zacks upgrades SunSi to Outperform

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
Zacks upgrades SunSi to Outperform

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
Zacks upgrades SunSi to Outperform

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

Taubman Prices Equity Offer

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.
Taubman intends to utilize the proceeds from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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%.
The Energy Information Administration (EIA) Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and abroad.
The report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.0716, Tuesday&rsquo;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

Manpower Upgraded

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.
Manpower's comprehensive range of services makes it a true global staffing firm. The company provides services for the entire employment and business cycle including permanent, temporary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 0.8219, Monday&rsquo;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

Northrop’s Global Hawk Lives

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.
In a letter to the U.S. congressional defense committee Mr. Carter advocated that although the Global Hawk program exceeds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
The facility handles petcoke from Total Petrochemicals USA Inc.'s recently expanded Port Arthur refinery. As per the agreement, Kinder Morgan will provide conveying, storage and ship loading services to Total for 25 years. The refinery is expected to produce more than 1 million tons of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“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.
The company has been in news over the last couple of days, for restructuring its management … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Heavy Metal Earnings Surge

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.
AK Steel (NYSE:AKS): Zacks #1 Rank since April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Poly-Flow makes chemical delivery and precision cleaning equipment for the semiconductor industry and employs about 100 people at a large manufacturing facility. It also sells equipment to the medical, optical fiber and solar industries.
Air Products expects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Let's take a look at the two-timeframe action and see what the current chart says about potential opportunities.
Google (GOOG) Weekly:

Cutting right to the chase, the flat 200 week Simple Moving Average (red) rests at $505.30 per share (rounded to $505).
That's an indicator to watch, but perhaps the more important reference level traders are watching is simpler … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s low, and resistance at 1.6442, Tuesday&rsquo;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

Austerity Doesn’t Work

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.
As with an external deficit, adjustment to a related internal deficit is ultimately the same under any exchange rate regime. Domestic production must rise relative to domestic absorption of goods and services, or absorption must fall relative to domestic production. Real incomes must decline. The terms of trade must worsen.
Milton Friedman and others reminded us decades … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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&rsquo;s DAX fell 0.07%, London&rsquo;s FTSE 100 shed 0.76%, France&rsquo;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.
The contract, initially valued at more than $200 million, pertains to flexible pipe and subsea equipment logistics services. The project is expected to be operational by the third quarter of 2012.
In December 2010, GE had acquired Wellstream, the UK-based oil and gas services group for £800 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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.
Ameriprise stated that this new share repurchase authorization is an extension of its current program. The current program, announced in May 2010, authorizes the company to repurchase $1.5 billion worth of common stock.
Ameriprise further stated that through the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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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