DailyMarkets.com - Forex – NZD/USD Down In Asian Trade

---

• Forex – NZD/USD Down In Asian Trade
• Rising Food Costs Slam US Consumers
• Middle-East To Taste DineEquity
• St. Jude Devices Get Japanese Nod
• The Day Ahead: US GDP, Durable Goods Orders; Germany: GfK Consumer Confidence, IFO, Retail Sales; China Business Condition Survey
• Hot Option Plays: Critical Levels Broken
• Hot Option Plays: Market Battles Back
• Boeing Flies In Russian Sky
• Earnings Scorecard: Kroger
• Interactive Downgraded To Neutral
• Pepsico Induces America To Clean Up
• Rowan Concludes LeTourneau Sale
• Manitowoc Upgraded To Neutral
• Clorox’s Risk-Reward Balances
• Rating Action On Lincoln Notes
• Goodrich And Boeing To Tango
• Masco Retains Underperform
• General Dynamics Wins Air Force Deal
• AT&T’s 4G Expansion Plans
• Alkermes Evenly Poised
• Indonesia Divesting NEM Stake
• BP Seeks $15B Project In Oman
• Paychex Disappoints In Q4
• Closing Bell Market Monitor: RHT, LEN, CAG, ORCL
• Forex – EUR/USD Down At The End Of U.S. Session
• Spectrum On Auction In S. Korea
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Neutral On Cell Therapeutics
• Style Anomaly: Value Versus Growth
• Merge’s Senior Notes Offer Ends
• Kimberly-Clark Promotes Cars 2
• Dril-Quip Receives $39M Order
• Oracle Earnings Typically Efficient
• Chipotle Shops Locally
• U.S. Markets Mixed At Close; Dow Jones Down 0.49%
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Positive Data On Pfizer/BMY Drug
• Positive Data On Pfizer/BMY Drug
• Washington Federal Upgraded
• Sprint Plans 4G Data Pricing
• Forex – GBP/USD Down During The U.S. Session
• DENTSPLY Grabs Astra Tech For $1.8B
• Assurant Closes Reinsurance Deal
• Forex – USD/CAD Up In U.S. Trade
• Discover Profit Rockets
• EBay To Provide Fulfillment Service
• Neutral On Alnylam
• Gap Reiterated At Neutral
• Contrarian Strategists Dominate XLF Options
• Forex – EUR/USD Down In U.S. Trading Hours
• Oil Slides Sharply On US Tapping Strategic Reserve, Stocks Tumble Hard Early, Gold Falls On Liquidation
• The Beneish Amp; Nichols O-Score: Identifying Overvalued Stocks For Short Selling Amp; Loss Avoidance

Forex – NZD/USD Down In Asian Trade Posted: 23 Jun 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> NZD/USD was trading at 0.8138, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.8046, Monday&rsquo;s low, and resistance at 0.8194, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rising Food Costs Slam US Consumers Posted: 23 Jun 2011 03:57 PM PDT 06/23/11 The spike in many food prices across the nation, continues to weigh on US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Middle-East To Taste DineEquity Posted: 23 Jun 2011 03:35 PM PDT California-based DineEquity Inc. (NYSE:DIN), which operates approximately 3,500 Applebee’s and IHOP restaurants, recently announced the inking of a multi-restaurant franchisee agreement with Kuwait-based M.H. Alshaya Co., to expand its IHOP brand in the Middle East. However, the financial terms of the contract were not disclosed. Per the deal, 40 new IHOP restaurants are expected to open in Kuwait, Saudi Arabia, Jordan, Lebanon, Qatar, the United Arab Emirates, Oman, Bahrain and Egypt over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

St. Jude Devices Get Japanese Nod Posted: 23 Jun 2011 03:35 PM PDT Medical technology giant St. Jude Medical (NYSE:STJ) has received clearance of the Japanese Ministry of Health, Labor and Welfare ("MHLW") for its Fortify ST implantable cardioverter defibrillator ("ICD") and Unify cardiac resynchronization therapy defibrillator ("CRT-D"). The Minnesota-based company has launched these products, the smallest available in the industry, in the lucrative Japanese market. ICDs treat abnormally fast heartbeats, which can lead to sudden cardiac arrest – a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US GDP, Durable Goods Orders; Germany: GfK Consumer Confidence, IFO, Retail Sales; China Business Condition Survey Posted: 23 Jun 2011 10:20 AM PDT 06/23/11 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: Critical Levels Broken Posted: 23 Jun 2011 03:17 PM PDT Cusick’s Corner Critical levels were broken in both equities and commodities and the Dollar currently is the trade. I did cover my short deltas this morning and am sitting flat but want to see if the Midday lows entice the Bid, seeing a little action in select names. In bond trading — yields down, prices up, and TLT has breached the 97 level, technically signaling new support. I think the risk trade will be more of a nibble than a rush to get long and Tech is strong in spite of the market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Battles Back Posted: 23 Jun 2011 03:17 PM PDT Cusick’s Corner As I mentioned yesterday and in today’s Midday, Tech was really strong (look at the QQQs) and that leadership buoyed a weak market and by the afternoon, sectors like Consumer Discretionary, XLY, Housing, XHB, and even Finance, XLF, joined the advance. The table is now setting up for a challenge to the upside, especially since we have not violated the overall market trend. The Dollar strength did keep the commodity markets under pressure, but the late day pullback in Dollar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Flies In Russian Sky Posted: 23 Jun 2011 03:10 PM PDT The Boeing Company (NYSE:BA) announced a sales agreement with Russia’s UTair Aviation for 40 Next-Generation Boeing 737 airplanes, comprising seven 737-900ERs and 33 737-800s. Boeing’s 737 Next-Generation airplanes will help UTair deliver an unmatched level of service for passengers and dramatically reduce operating costs, fuel costs and environmental impact. UTair is one of the largest operators in Russia with a fleet of over 30 Boeing airplanes. In 2011, UTair became the first operator in Russia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Kroger Posted: 23 Jun 2011 03:10 PM PDT Specialty retailer The Kroger Co. (NYSE:KR) announced its financial results for the first quarter of fiscal 2011. Street analysts had almost a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Review The Kroger Company posted better-than-expected first-quarter 2011 results. The quarterly earnings of 70 cents a share topped the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interactive Downgraded To Neutral Posted: 23 Jun 2011 03:05 PM PDT We are downgrading our recommendation on Interactive Brokers Group, Inc. (NASDAQ:IBKR) to Neutral based on weak brokerage metrics for May. Primarily, a year-over-year decline in Daily Average Revenue Trades (DARTs) was disappointing. Interactive Brokers' first quarter 2011 operating earnings per share came in at 41 cents, far better than the Zacks Consensus Estimate of 27 cents. This also compares favorably with the prior-year quarter's earnings of 6 cents. Results benefited mainly from improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepsico Induces America To Clean Up Posted: 23 Jun 2011 03:05 PM PDT Pepsico Inc. (NYSE:PEP) announced that through the 'Dream Machine Recycling' initiative it will introduce 2,500 Free Green Cans  throughout the Chicago Park District. It will be available across 16 miles of downtown lakefront and increase public access to recycling bins in the Park District by 125 percent. The Dream Machines are recycling kiosksthat offer residents and visitors with a convenient way to reprocess their plastic bottles and aluminum cans while on-the-go. They are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rowan Concludes LeTourneau Sale Posted: 23 Jun 2011 03:05 PM PDT Rowan Companies, Inc. (NYSE:RDC) wrapped up the asset sale deal with a leading mining equipment maker, Joy Global Inc. (NASDAQ:JOYG) for its manufacturing unit, LeTourneau Technologies, Inc. The all-cash transaction worth $1.1 billion is subject to adjustment mentioned in the Stock Purchase Agreement dated May 13, 2011. LeTourneau is a major manufacturer of drilling equipment for large land and offshore rigs and specialty steel products. It makes large wheel loaders for surface mining along with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manitowoc Upgraded To Neutral Posted: 23 Jun 2011 03:04 PM PDT Manitowoc Co. Inc. (NYSE:MTW) reported an adjusted loss per share of 10 cents in its first quarter ended March 31, 2011, flat year over year while revenues increased 7% year over year to notch $732.2 million. Given the recent recovery witnessed in the Crane segment alongside sustained growth in the Foodservice segment, we have upgraded our recommendation from Underperform to Neutral. Manitowoc retains a Zacks #3 Rank (short-term Hold recommendation). Manitowoc's Crane segment had been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Clorox’s Risk-Reward Balances Posted: 23 Jun 2011 03:04 PM PDT We are maintaining a long-term Neutral recommendation on Clorox Corporation (NYSE:CLX) with a target price of $71.00 per share. Moreover, the company has a Zacks #4 Rank, implying a short-term Sell rating on the stock. Clorox is one of the world’s leading manufacturers of consumer products. Furthermore, the company possesses a strong portfolio of brands, including Clorox, Glad, Brita, Armor All, Burt’s Bees, STP and Kingsford, whichoffer a competitive edge to the company and bolsters its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Action On Lincoln Notes Posted: 23 Jun 2011 03:04 PM PDT Lincoln National Corp. (NYSE:LNC) experienced ratings actions on its freshly issued senior unsecured notes from both Moody's Investors Service of Moody's Corp. (NYSE:MCO) and A.M. Best. Accordingly, Moody's has denoted these notes with a "Baa2" rating, while also promoted Lincoln's debt outlook to positive from stable. In May last year, the rating agency had revised its outlook on Lincoln and its operating subsidiaries to stable from negative. On the other hand, A.M. Best revealed that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goodrich And Boeing To Tango Posted: 23 Jun 2011 03:04 PM PDT Goodrich Corporation (NYSE:GR) has been selected by The Boeing Company's (NYSE:BA) Defense, Space & Security to work on the U.S. Air Force Research Laboratory’s Integrated Vehicle Energy Technology program. Goodrich’s Actuation Systems will design, develop and test an integrated suite of advanced actuators featuring technologies that aim at improving energy, power, and thermal management. These new technologies will be used in the next generation of tactical fighters and air mobility transport … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Masco Retains Underperform Posted: 23 Jun 2011 03:04 PM PDT We reiterate our Underperform recommendation on Masco Corporation (NYSE:MAS), which manufactures, sells, and installs home improvement and building products. The company earns 75-80% of revenues from the operations in North America, primarily in the U.S., while its international operations are located principally in Belgium, China, Denmark, Germany, the Netherlands, and the U.K. The company's principal customer Home Depot, buys approximately 20%-30% of its production. Masco recently reported its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics Wins Air Force Deal Posted: 23 Jun 2011 02:35 PM PDT General Dynamics Corporation (NYSE:GD) declared that its unit General Dynamics Advanced Information Systems has received a contract worth $4.7 million to provide airborne advanced geospatial intelligence (‘AGI’) battlespace awareness support to the U.S. Air Force’s National Air and Space Intelligence Center (‘NASIC’). Per the contract General Dynamic’s unit will provide support to the U.S. Air Force for hyper-spectral and multi-spectral imagery production, data processing and analysis of the same, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T’s 4G Expansion Plans Posted: 23 Jun 2011 02:35 PM PDT AT&T Inc. (NYSE:T), the second largest provider of wireless services in North America is expected to roll out its Long-Term Evolution (LTE) based Fourth Generation (4G) technology in mid-2011. For this, the company projected a capital plan of $19 billion for network upgrades across the U.S. which also includes recently announced wireline and wireless networks' improvement plans in Kentucky to incorporate 4G services. AT&T has already invested approximately $525 million in the state as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alkermes Evenly Poised Posted: 23 Jun 2011 02:35 PM PDT We are maintaining our Neutral recommendation on Alkermes, Inc. (NASDAQ:ALKS) with a target price of $18.00. Alkermes is a drug delivery biotech company which uses its proprietary specialized drug delivery technologies to develop drugs for the treatment of central nervous system (CNS) disorders, alcoholism and diabetes. We are positive on Alkermes' decision to buy  Elan Corporation's (NYSE:ELN) drug delivery unit. The deal is expected to boost Alkermes' cash earnings immediately following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Indonesia Divesting NEM Stake Posted: 23 Jun 2011 02:35 PM PDT The Indonesian government announced that it will sell part of a 7% stake it will buy in the Indonesian unit of  Newmont Mining Corp. (NYSE:NEM) to local governments. According to Reuters,  the move is aimed at diffusing opposition from some lawmakers against the central government's plan to buy the stake in PT Newmont Nusa Tengarra (PTNNT) which operates the Batu Hijau gold and copper mine in Sumbawa island. In February 2011, PT Newmont Nusa Tenggara expressed an interest to list … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Seeks $15B Project In Oman Posted: 23 Jun 2011 02:05 PM PDT BP Plc (NYSE:BP) plans to make a $15 billion capital investment in Oman over a 10-year period to form one of its largest global ventures. The company plans to develop 300 wells over the period for its Block 61 tight gas field development project in Oman. Out of the proposed capital investment plan, the U.K. oil major intends to deploy approximately $10 billion for drilling of wells and the balance for surface facilities. BP also has plans for full field development of a gas processing plant, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Paychex Disappoints In Q4 Posted: 23 Jun 2011 02:05 PM PDT Paychex Inc. (NASDAQ:PAYX) reported fourth-quarter fiscal 2011 earnings of 33 cents per share, which came in line with the Zacks Consensus Estimate. Though the quarter's results indicate an improving client retention rate and higher checks per client, lower sale of new units remains an overhang. Revenues Paychex reported fourth-quarter 2011 revenues of $522.7 million, which missed the Zacks Consensus Estimate of $542.0 million, but increased 5.3% from $496.2 million reported in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: RHT, LEN, CAG, ORCL Posted: 23 Jun 2011 02:00 PM PDT 06/23/11 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 Down At The End Of U.S. Session Posted: 23 Jun 2011 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4257, down 0.69% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, today&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spectrum On Auction In S. Korea Posted: 23 Jun 2011 01:50 PM PDT The South Korean telecom regulator will hold an auction for radio spectrum in early August. The Korea Communications Commission (KCC) will raise roughly KRW 1.5 trillion ($1.1 billion) by providing several frequency bands to Korean mobile operators, thereby changing their competitive positions. The demand for smartphones is currently on the rise, leading to a growing requirement for wireless data services. Given the surge in data traffic demand, we believe Korean operators will try to make the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 23 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 80.54, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday&rsquo;s low, and resistance at 80.79, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Cell Therapeutics Posted: 23 Jun 2011 01:35 PM PDT We are maintaining a Neutral recommendation on Cell Therapeutics Inc. (CTIC) with a target price of $2.25. Cell Therapeutics Inc. based in Seattle, Washington, is focused on developing drugs for cancer. The company's lead pipeline candidate, pixantrone, is being developed for the treatment of hematologic malignancies and solid tumors. In December 2010, Cell Therapeutics filed an appeal against the decision of the FDA in April 2010 to deny approval to pixantrone for the treatment of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Style Anomaly: Value Versus Growth Posted: 23 Jun 2011 01:35 PM PDT Summer is heating up and some of the greatest baseball rivalries are in full swing. Think Cubs v Cardinals, Red Sox v Yankees and Dodgers v Giants. In the world of stock investing, however, the greatest rivalry is value v growth. One often hears how value stocks outperform growth stocks; hence the value stock anomaly. But, does one set of stocks, on average, really outperform the other? Which style is experiencing a current streak? How long has the trend lasted? When is it due for a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge’s Senior Notes Offer Ends Posted: 23 Jun 2011 01:35 PM PDT Healthcare information software solutions provider, Merge Healthcare (NASDAQ:MRGE) recently completed private offering of $52 million of 11.75% senior secured notes. The company offered the notes as additional debt securities under an indenture in connection to which the company earlier issued $200 million of Senior Secured Notes (due in 2015), supplemented by a supplemental indenture signed on June 14, 2011 related to its previously announced consent solicitation. Merge expects these notes to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kimberly-Clark Promotes Cars 2 Posted: 23 Jun 2011 01:35 PM PDT In order to promote the new release of Disney Pixar’s Cars 2 movie, Kimberly-Clark Corporation (NYSE:KMB) plans to use CheckPoints LLC’s mobile shopping application as an innovative marketing strategy. Based in California, CheckPoints is a mobile shopping app that rewards  shoppers immediately for the products sold at the stores. Shoppers collect points as they scan featured items. CheckPoints can be redeemed over the phone for rewards like gift cards, airline miles, and gadgets. CheckPoints … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dril-Quip Receives $39M Order Posted: 23 Jun 2011 01:35 PM PDT A wholly-owned subsidiary of Dril-Quip, Inc. (NYSE:DRQ) has earned a contract worth approximately $39 million from Murphy Sabah Oil Company, Ltd. Under the term of the contract, Dril-Quip's subsidiary, Dril-Quip Asia Pacific PTE Ltd. will deliver drilling and production equipment to the Kikeh Dry Tree Spar Platform, located offshore Malaysia in approximately 1,330 meters of water. Dril-Quip will supply a drilling riser, top tensioned production risers, tensioners, tieback connectors, specialty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oracle Earnings Typically Efficient Posted: 23 Jun 2011 01:35 PM PDT After the closing bell Thursday, Oracle Corp. (NASDAQ:ORCL) beat earnings and revenue estimates for the company’s fiscal 4th quarter of 2011. Earnings of 75 cents per share easily beat the Zacks Consensus Estimate of 69 cents, and revenues in the quarter totaled $10.8 billion, topping the $10.76 billion expected. A tidy but solid outperformance is customary for Oracle, and its 4th quarter positive earnings surprise of 8.7% is also a 26.3% improvement year over year. Analysts had largely steered … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chipotle Shops Locally Posted: 23 Jun 2011 01:35 PM PDT Chipotle Mexican Grill Inc. (NYSE:CMG) has raised its target of using local produce to more than 10 million pounds for 2011 from about 5 million pounds set for 2010. Previous goals were 50.0% for 2010, 35.0% for 2009 and 25.0% for 2008. However, in 2010, the company purchased about 9 million pounds of local produce, which far exceeded its goal of 5 million. The use of locally grown produce is a part of Chipotle's Food with Integrity program. Chipotle is the only national restaurant company to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.49% Posted: 23 Jun 2011 01:30 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 fell 0.49%, the S&P 500 index shed 0.28%, while the Nasdaq 100 index climbed 0.86%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 2.16%; Germany&rsquo;s DAX shed 1.77%; Britain&rsquo;s FTSE 100 declined 1.71%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 23 Jun 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4257, down 0.69% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, today&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Pfizer/BMY Drug Posted: 23 Jun 2011 01:05 PM PDT Recently, Bristol-Myers Squibb Company (NYSE:BMY) and partner Pfizer (NYSE:PFE) announced encouraging top line data from a late-stage study (ARISTOTLE: n=18,201) which evaluated their blood thinner apixaban in patients suffering from an erratic heartbeat. This cardiac rhythm disorder is referred to as atrial fibrillation (AF). Apixaban will be marketed under the trade name Eliquis in the EU. The same trade name has been proposed in the US and other countries. Top-line results from the double-blind, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Pfizer/BMY Drug Posted: 23 Jun 2011 01:05 PM PDT Recently, Bristol-Myers Squibb Company (NYSE:BMY) and partner Pfizer (NYSE:PFE) announced encouraging top line data from a late-stage study (ARISTOTLE: n=18,201) which evaluated their blood thinner apixaban in patients suffering from an erratic heartbeat. This cardiac rhythm disorder is referred to as atrial fibrillation (AF). Apixaban will be marketed under the trade name Eliquis in the EU. The same trade name has been proposed in the US and other countries. Top-line results from the double-blind, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Washington Federal Upgraded Posted: 23 Jun 2011 12:55 PM PDT We are upgrading our recommendation on Washington Federal Inc. (NASDAQ:WFSL) to Neutral from Underperform based on improving credit quality and decreasing expenses. Though we remain concerned about the pressure on net interest margin (NIM) and the company's considerable exposure to real estate markets where values remain soft, interest income expansion and non-performing asset contraction will significantly support the bottom line. Washington Federal's fiscal second quarter (ended March 31, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint Plans 4G Data Pricing Posted: 23 Jun 2011 12:55 PM PDT The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) announced that it will roll out two new 4G tablet data plans with the launch of the first 4G tablet "HTC EVO View 4G" on June 24. Currently, Sprint offers three monthly data plans: 1 GB of data for $20, 3 GB for $45 and 5 GB for $60. Concurrently with the launch of the first 4G tablet, the company will introduce a data tier for 10 GB as well as an unlimited WiMax data usage option for customers subscribing to data tiers of 3 … [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: 23 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.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.5993, down 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, today&rsquo;s low, and resistance at 1.6262, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DENTSPLY Grabs Astra Tech For $1.8B Posted: 23 Jun 2011 12:35 PM PDT In a bid to bolster its foothold in the global dental market, leading dental products maker DENTSPLY International (NASDAQ:XRAY) has agreed to buy Astra Tech, the dental implant division of multinational drug major AstraZeneca PLC (NYSE:AZN), for $1.8 billion in cash. The Anglo-Swiss pharmaceutical giant is selling the dental unit to renew focus on its core prescription drug business. Other financial terms of the deal were not disclosed by the entities. The transaction, which is subject to antitrust … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Assurant Closes Reinsurance Deal Posted: 23 Jun 2011 12:35 PM PDT Yesterday, Assurant Specialty, a unit of Assurant Inc. (NYSE:AIZ) has announced its comprehensive catastrophe (CAT) reinsurance program so as to shield itself from losses in 2011 that looms ahead as an above-average hurricane season. A reinsurance agreement is a kind of reimbursement program for an insurance company. The CAT reinsurance program has been designed in layers with purchases being made in three different parts: The first one being the participation in the Florida Hurricane … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 23 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 Initial Jobless Claims.<br/><br/> USD/CAD was trading at 0.9790, up 0.53% at time of writing.<br/><br/> The pair was likely to find support at 0.9702, Wednesday&rsquo;s low, and resistance at 0.9850, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Discover Profit Rockets Posted: 23 Jun 2011 12:05 PM PDT Discover Financial Services' (NYSE:DFS) second quarter earnings per share of $1.09 came in dramatically ahead of both the Zacks Consensus Estimate of 72 cents and 33 cents recorded in the year-ago quarter. Net income spiked substantially by over 132% year over year to $600 million from $258 million. Net income allocated to common shareholders also surged to $593 million from $185 million in the year-ago quarter. Results included contributions from The Student Loan Corp (SLC) acquisition. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EBay To Provide Fulfillment Service Posted: 23 Jun 2011 12:05 PM PDT Not unsurprisingly, eBay Inc (NASDAQ:EBAY) has stated that it would soon be offering a fulfillment service to sellers, similar to the service already being offered by Amazon.com (NASDAQ:AMZN), as well as fulfillment companies employed by other online retailers. In fact, the company's recent acquisition of GSI Commerce was partially on account of the latter's over 2.6 million square feet of warehouse fulfillment space across the United States, Canada and the U.K. eBay will retain seven of the nine … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Alnylam Posted: 23 Jun 2011 12:05 PM PDT We have maintained a Neutral rating on Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) with a target price of $9.50 per share. Alnylam Pharmaceuticals Inc. is a biopharmaceutical company developing novel therapeutics based on a biological breakthrough known as RNA (Ribo Nucleic Acid) interference (RNAi). Alnylam is currently utilizing this technology to build a pipeline of drug candidates for the treatment of a wide array of diseases. Alnylam Pharmaceuticals Inc.'s first quarter loss of 38 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap Reiterated At Neutral Posted: 23 Jun 2011 12:05 PM PDT We maintain a long-term Neutral recommendation on Gap Inc. (NYSE:GPS). Gap is one of the leading players in the highly fragmented specialty retail sector offering a diverse range of clothing, accessories and personal care products for men, women, children and babies. Its flagship brands include Gap, Banana Republic, Old Navy, Piperlime and Athleta. Gap's globally recognized brands complement one another, enabling it to leverage its position in the sector. Gap remains keen on driving its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Contrarian Strategists Dominate XLF Options Posted: 23 Jun 2011 11:57 AM PDT Contrarian strategists dominate XLF options Today's tickers: XLF, COH, OXY & SH Higher than estimated initial jobless claims of 429,000 compounded a revision higher to prior data in a sign the economic recovery remains anemic. Lowered growth forecasts and some earlier words of caution from central bankers Trichet and Bernanke reminded investors of what many already knew to be true: strong headwinds such as the European debt crisis, stubbornly high U.S. unemployment, and data showing … [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: 23 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 Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4172, down 1.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, today&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Slides Sharply On US Tapping Strategic Reserve, Stocks Tumble Hard Early, Gold Falls On Liquidation Posted: 23 Jun 2011 11:37 AM PDT Today saw a heavy risk-off day, that started with a round of global weaker economic data, and headlines from Trichet talking about the dangers to the financial system posed by the risk of banks suffering as a result of their debt holdings. From Bloomberg: "European Central Bank President Jean-Claude Trichet said risk signals for financial stability in the euro area are flashing "red" as the debt crisis threatens to infect banks. "On a personal basis I would say 'yes, it is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Beneish Amp; Nichols O-Score: Identifying Overvalued Stocks For Short Selling Amp; Loss Avoidance Posted: 23 Jun 2011 08:40 AM PDT Overview The O-Score is a a short-selling screen based on identifying firms with a high likelihood of earnings overstatement, as well as unrealistic market expectations, poor current operating cash flow, a history of merger activity, and recent / excessive issuances of stock. Background Following on from the review of Beneish's MScore research, it’s worth examining the subsequent work by Beneish amp; Nichols to develop the O-Score (i.e. Overvaluation Score). This is a screening approach … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610