DailyMarkets.com - GM To Invest In Michigan Plant

---

• GM To Invest In Michigan Plant
• Equifax To Expand In Brazil
• Canadian Solar To Build Wafer Plant
• EMC Faces Increased Scrutiny
• Sara Lee Buys Aidells Sausage
• McAfee’s Cyber Threat Report
• More Smartphones From U.S. Cellular
• Costco In Neutral Lane
• Solar Incentives From NextEra
• France Telecom In 5-Yr Growth Plan
• Forex – AUD/USD Up In U.S. Trade
• Citi Nearing China JV
• ISM Index Falls Sharply
• Forex Trading: EURUSD Failed On The Break Above. Failed On The Break Below. Prepares For NFP/Greece Face Off
• Forex – NZD/USD Down During The U.S. Session
• Forex Trading: USDCHF Inches Up From Support. Targets 0.8432
• PPDI Wins $45.5M US Army Contract
• Tiffany Upgraded
• A Disappointing Picture From ADP
• Gordmans Delivers A Mixed Q1
• Forex Trading: EURUSD Extends Range. Looks Toward 1.4356 Next
• “As Unemployment Figures Get Softer…money Coming Off The Sidelines
• Forex – GBP/USD Down In U.S. Trade
• Dollar Slides Again
• Bank Of Thailand Raises Interest Rate 25bps To 3.00%
• Drilling Success For Noble Energy
• Fresenius In Disaster Preparedness
• European Markets Close Lower; Dax Down 1.05%
• Forex – EUR/USD Up During The U.S. Session
• Gold And Silver Diverging In The Short-term
• Demag Refuses $1.3B Terex Bid
• Toyota Recalls Another 106k Prius Cars
• RIMM Risk Alert 6/1/11 – The Option Response
• Bears Plunder Nokia Call Options
• Morgan Stanley To Invest In Yongye
• Earnings Preview: Diamond Foods
• The Quick Overhead Reference Price To Watch In Crude Oil
• CVS Caremark Remains At Neutral
• Crude Remains Above $102 On Weaker Dollar
• Jamba Reaches Canada
• Nokia Lowers Guidance
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Caution
• WFC Settles Disabilities Claims
• Lions Gate Recovers, Beats On EPS
• Citrix Upgraded To Outperform
• DSW Beats, Raises Outlook
• Forex – Dollar Broadly Lower After Worse-than-expected U.S. Data
• Word From The Floor: US Stocks Fall On Weak Economic Data
• Natural Gas Retreats From 4-week High On Profit Taking
• U.S. Tens Test 3% Yield As Job Clouds Gather
• The Truth About The American Economy (II)
• ISM Manufacturing Index Drops Sharply In May, Will Weaker USD Or “Risk-Off” Dominate?
• Forex – GBP/USD Trims Losses After Weak U.S. Jobs, ISM Data
• Gold Futures Erase Losses On U.S. Recovery Fears
• USD/CAD Bounces Off Trendline Support; 0.9750 Is A Critical Pivot
• Housing Double Dip Represents ‘Patient’ Opportunity
• Forex – EUR/USD Near Three-week High After Disappointing U.S. Data
• Morning Market Brief
• Rockhopper Exploration Cheered By Results Of Second Sea Lion Appraisal Well

GM To Invest In Michigan Plant Posted: 01 Jun 2011 12:05 PM PDT General Motors Co. (NYSE:GM) announced that it will invest $88 million to build a new model at its Cadillac plant in Lansing, Michigan. However, the investment would not create any jobs at the plant. The investment would be used for equipment and tooling of the new model. The Lansing Grand River plant presently employs 917 hourly and salaried employees. It manufactures three models of the mid-size Cadillac CTS car – sedan, coupe and wagon, along with a high-powered V-series version of each … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equifax To Expand In Brazil Posted: 01 Jun 2011 12:05 PM PDT Leading credit information and database provider Equifax Inc. (NYSE:EFX) recently announced that the credit reporting operation of its Brazilian subsidiary has been merged with Boa Vista Servicos S.A., the second-largest consumer credit bureau in Brazil. Financial terms of the deal were not disclosed. Equifax will jointly own Boa Vista along with its present Brazilian shareholders. Post merger, Equifax has a good chance of becoming the leading provider of consumer and commercial credit data to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Solar To Build Wafer Plant Posted: 01 Jun 2011 12:05 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) teamed up with Suzhou GCL Photovoltaic Technology Company Ltd., a subsidiary of GCL-Poly Energy Holdings Limited to build a 600 MW capacity wafer plant in Suzhou, China. GCL-Poly Energy Holdings Limited is China’s largest polysilicon producer, and one of the world’s leading wafer suppliers.  The new wafer plant is in-line with Canadian Solar to attain self sufficiency in wafers. The total capital expenditure for the first phase of the project is approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EMC Faces Increased Scrutiny Posted: 01 Jun 2011 12:05 PM PDT A leading provider of data storage and security solutions, EMC Corp. (NYSE:EMC) is expected to face increased scrutiny from a U.S. Senate committee, which oversees Internet policy, as reported by the news agency, Reuters. The scrutiny follows a recent security encroachment at the military contractor, Lockheed Martin Corp. (NYSE:LMT), which uses EMC's security products and services. Lockheed said that it detected the attack immediately and undertook effective countermeasures to prevent any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sara Lee Buys Aidells Sausage Posted: 01 Jun 2011 11:35 AM PDT Sara Lee Corp. (SLE) completed the acquisition of Aidells Sausage, the San Francisco-based premium meats business, for $87 million. The deal was initially announced on May 5, 2011. For over the past 25 years, the company has handcrafted all its natural sausages. Aidells is very well known for its products made with smoked natural chicken & turkey, fruits & vegetables and herbs & spices. Aidells’ strong brand name in the sausages and convenience food items prompted Sara Lee to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McAfee’s Cyber Threat Report Posted: 01 Jun 2011 11:25 AM PDT Security major McAfee, Inc. (NYSE:MFE) recently released its "Cyber Security Threats" report for the first quarter of 2011. The company cited samples of around six million unique recorded malware in the first quarter, thus making it the most active first quarter in malware history. The report contains a host of information, which indicates trends that may impact institutional as well as individual users. The report revealed the fact that the spam has remained at its lowest level since the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Smartphones From U.S. Cellular Posted: 01 Jun 2011 11:25 AM PDT United States Cellular Corp. (NYSE:USM), a subsidiary of Telephone and Data Systems Inc. (NYSE:TDS) has introduced two new Google's (NASDAQ:GOOG) Android powered smartphones, HTC Merge and LG Genesis. While HTC Merge made its debut on May 31, LG Genesis will hit the market on June 9. Both smartphones are packed with endless features and applications including Froyo 2.2 Android platform, Wi-Fi along with an 8GB memory card. While HTC Merge is the first Android-based Global Ready smartphone launched by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Costco In Neutral Lane Posted: 01 Jun 2011 11:25 AM PDT Costco Wholesale Corporation (NASDAQ:COST) continues to be a dominant retail wholesaler based on its breadth and quality of merchandise offered. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid beleaguered economic conditions as cash-strapped customers continue to see it as a viable option for low-cost necessities. Having delivered consistent comparable-store sales growth, Costco is well positioned in the warehouse club … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Solar Incentives From NextEra Posted: 01 Jun 2011 11:25 AM PDT Florida Power & Light Company, a subsidiary of NextEra Energy Inc. (NEE), announced that its customers can install solar-powered upgrades to their homes and businesses at lower rates from June 21 via a new pilot program approved by Florida Public Service Commission. Florida Power & Light Company stated the rebates will be offered on a first-come, first-served basis for residential and business customers. Moreover, through its net-metering program, Florida Power & Light will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

France Telecom In 5-Yr Growth Plan Posted: 01 Jun 2011 11:25 AM PDT France Telecom (NYSE:FTE), the largest telecommunications carrierin Paris, has set a five-year (2011–2015) strategy to bring the company back to profitability. The five-year plan is divided into two phases: the first stretching three years from 2011 to 2013 and the second from 2014 to 2015. In the first or adoption phase, France Telecom will focus on revenue growth at a three-year CAGR of 0.6%. EBITDA is expected to exceed the 2011 level and stabilize in 2013, through cost savings and improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 01 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> AUD/USD was trading at 1.0676, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.0609, Friday&rsquo;s low, and resistance at 1.0757, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Nearing China JV Posted: 01 Jun 2011 11:05 AM PDT Citigroup Inc. (NYSE:C) is nearing a deal with China’s Orient Securities Co. to form a securities business joint venture (JV), according to a Securities Times report. Citi is reportedly said to be signing the agreement with Orient as early as this month. In an effort to explore the thriving economy in China and a booming capital market, U.S. and U.K. banks are making efforts to set up JVs in that country. If this deal materializes, Citi would join the bandwagon of banks such as J.P. Morgan Chase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Index Falls Sharply Posted: 01 Jun 2011 11:05 AM PDT The Institute for Supply Management's (ISM) manufacturing index plunged to 53.5 in May from 60.4 in April. This was a big disappointment as the consensus had been looking for the index to come in at 57.6. Based on historical experience, the May reading is consistent with GDP growth of 3.8%. Then again, perhaps there has been a change in the relationship, since the average level in the first quarter was consistent with 6.5% growth, and we only grew at a 1.8% rate in the first quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Failed On The Break Above. Failed On The Break Below. Prepares For NFP/Greece Face Off Posted: 01 Jun 2011 11:01 AM PDT Not today.  The range was narrow coming into the NY session.  The weak US data looked like it might lead to a move higher in the EURUSD and the range was extended by 10 pip.s  When the EURUSD failed on the break above it moved lower.  This time the extension of 14 pips led was short lived and the price has moved back higher.   The action is indicative of a market which continues to struggle with direction. Traders who are bearish, can still sell … [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: 01 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> NZD/USD was trading at 0.8214, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.8070, Friday&rsquo;s low, and resistance at 0.8264, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Inches Up From Support. Targets 0.8432 Posted: 01 Jun 2011 10:42 AM PDT The 0.8384 trendline held support and the price has started a slow corrective move higher over the last few hours.  Those with trade location against the support level would be looking for a move to the 0.8432 trendline next. A break above gives added confidence.  The risk is the correction move higher stalls.  Looking at the 5 minute chart below, the consolidation over the last few hours has allowed for the 100 bar MA to start to catch up to the price.  The current … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPDI Wins $45.5M US Army Contract Posted: 01 Jun 2011 10:35 AM PDT Pharmaceutical Product Development Inc. (NASDAQ:PPDI) recently announced that it has been awarded a multi-year contract by the US Army to support biodefense and vaccine development programs. The contract covers a five-year period from April 15, 2011, with a ceiling value of $45.5 million. It will be an indefinite delivery, indefinite quantity (IDIQ) contract. Under the US Army Medical Research Acquisition Activity: Regulatory Affairs & Compliance Support, PPD will provide global regulatory and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tiffany Upgraded Posted: 01 Jun 2011 10:35 AM PDT We recently upgraded our long-term recommendation on Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, to Outperform with a price target of $84.00. Earlier, we had a Neutral rating on the stock. Better-than-expected first-quarter 2011 results buoyed by improved demand for luxury items worldwide, increased outlook and much better performance at Japan than expected inspired us to revise our recommendation.  The quarterly earnings of 67 cents a share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Disappointing Picture From ADP Posted: 01 Jun 2011 10:35 AM PDT The Automatic Data Processing (NYSE:ADP) employment survey was much weaker than expected in May. It shows that private sector employment rose by just 38,000, far below consensus expectations for a 170,000 increase. That marks a massive deceleration from the 177,000 jobs added (as estimated by ADP) in April. Adding to the disappointment was the fact that the April numbers were revised down from a gain of 179,000 jobs. This is a shockingly weak report, and if confirmed by the BLS on Friday it is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gordmans Delivers A Mixed Q1 Posted: 01 Jun 2011 10:35 AM PDT Gordmans Stores Inc. (GMAN) posted earnings per share of 38 cents in the first quarter of fiscal 2011, outpacing the Zacks Consensus Estimate of 36 cents. The quarter's results, however, deteriorated from 39 cents earned in the year-earlier quarter. Although net income grew 5.2% year over year, a large number of shares outstanding led to the decline in earnings per share. Earnings outperformance was mainly aided by improvements in comparable store sales and gross profit margins. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Extends Range. Looks Toward 1.4356 Next Posted: 01 Jun 2011 10:22 AM PDT As per the FXDD Midday Forex Commentary, the EURUSD has extended the narrow trading range for the day to the downside after failing on the upside attempt earlier in the NY session. The price has moved below the modest 38.2% corrective point from the daily chart (see chart above) and next targets the  1.4356 level.  Looking at the daily chart the move higher reached the target at the 1.4454 level but could not sustain the momentum.  This gave a clue the upside was in danger. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“As Unemployment Figures Get Softer…money Coming Off The Sidelines Posted: 01 Jun 2011 10:20 AM PDT 06/01/11 Meridian Equity Partners’ Jonathan Corpina weighs in on the ADP employment report and global growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade Posted: 01 Jun 2011 10:20 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> GBP/USD was trading at 1.6359, down 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.6358, today&rsquo;s low, and resistance at 1.6547, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Slides Again Posted: 01 Jun 2011 05:00 AM PDT 06/01/11 The US dollar posted another loss against the euro this session following more weak domestic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Thailand Raises Interest Rate 25bps To 3.00% Posted: 01 Jun 2011 09:56 AM PDT The Bank of Thailand raises its benchmark 1-day bond repurchase rate by 25 basis points to 3.00% from 2.75%.  The Bank’s Monetary Policy Committee commented that “Inflationary pressure increased more than expected following hikes in the prices of prepared foods on the back of rising costs. Inflation expectations continued to edge up,”.  The Bank further commented that “There is a risk that inflation may continue to accelerate, resulting in core inflation breaching the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Drilling Success For Noble Energy Posted: 01 Jun 2011 09:55 AM PDT Noble Energy Inc. (NYSE:NBL) continued its drilling success in the deep water Gulf of Mexico through the discovery at its Santiago exploration prospect. Santiago is the third successful finding for Noble in its Galapagos project, following prior successes at Santa Cruz and Isabela. The Santiago finding is located on Mississippi Canyon Block 519, with a total drilling depth of 18,920 feet, which includes water depth of 6,500 feet. The open hole logging suggested 60 feet of oil pay in a high-quality … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fresenius In Disaster Preparedness Posted: 01 Jun 2011 09:55 AM PDT Fresenius Medical Care (NYSE:FMS), the largest provider of dialysis products and services in the globe, is geared to provide rapid assistance for those in need, even in worst case scenarios. Kidney dialysis patients require treatment every 2 or 3 days. Hence, timely treatment can be a matter of life or death for patients when natural disasters, such as hurricanes, tornadoes and floods, strike.  Fresenius Medical Care North America ("FMCNA") runs a far-flung network of dialysis facilities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 1.05% Posted: 01 Jun 2011 09:55 AM PDT Forex Pros – European stocks were down after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.05%, London&rsquo;s FTSE 100 shed 1.02%, France&rsquo;s CAC 40 declined 1.05% and the EURO STOXX 50 was down 1.20%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 38K last month, from 177K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The U.S. Session Posted: 01 Jun 2011 09:50 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4409, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4130, Friday&rsquo;s low, and resistance at 1.4459, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Silver Diverging In The Short-term Posted: 01 Jun 2011 09:47 AM PDT Gold (XAU/USD) Short-term - Gold (XAU/USD) is rallying in the short-term . The RSI is kissing 70, showing establishment of bullish momentum. Price action is breaking further away from the 200SMA and from its recent sideways action. - Silver (XAG/USD) is declining after breaking below a loosely defined wedge. The RSI is testing 40, about to kill the recent bullish momentum. - The daily charts also show a more bullish  market for gold then silver. - Where as gold remained in a rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Demag Refuses $1.3B Terex Bid Posted: 01 Jun 2011 09:35 AM PDT Terex Corp's (NYSE:TEX) offer for Demag Cranes AG at 883.9 million euros ($1.3 billion), or 41.75 euros per share, has been rejected by the latter on grounds of the offer being too low accompanied with a lack of transparency by Terex as to its future plans for Demag. This echoes the concerns of Demag's biggest shareholder, Cevian, voiced earlier labeling the deal as grossly inadequate. Cevian had cited that ever since the bid was announced on May 2, 2011, Demag shares have traded above the bid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Recalls Another 106k Prius Cars Posted: 01 Jun 2011 09:30 AM PDT 06/01/11 Toyota announced Wednesday that it has recalled another 106,000 Prius brand hybrid cars for faulty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RIMM Risk Alert 6/1/11 – The Option Response Posted: 01 Jun 2011 09:18 AM PDT By Michael C. Thomsett , contributing writer (For those familiar with options trading and authorized to transact the following level of transactions)   Research in Motion (NASDAQ:RIMM) alert: On June 1, 2011, a SmartStop Was Triggered. The price of this stock in your SmartStops portfolio has fallen to the point where it's triggered today's SmartStop.   Note the last two sessions have developed one of two bearish alerts, confirming the SmartStop trigger. The full session was black … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bears Plunder Nokia Call Options Posted: 01 Jun 2011 09:15 AM PDT Bears plunder Nokia call options Today's tickers: NOK, DG, ESV & OREX (NYSE:NOK) – Nokia Corp. – When Nokia yesterday announced that it was no longer meaningful to offer a forecast into its murky future, investors abandoned the stock driving it into new lower territory. We noticed frenzied options activity as investors reaped what premium they could from fast-falling call options. The dire nature of Nokia's warning has left option traders with little doubt that its shares will flounder … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley To Invest In Yongye Posted: 01 Jun 2011 09:05 AM PDT On Tuesday, Morgan Stanley Private Equity Asia, a wing of Morgan Stanley (NYSE:MS), announced its plan to invest $50 million in Yongye International Inc. (YONG), a Beijing-based leading agricultural nutrient company. As per the terms of the agreement, Morgan Stanley unit will purchase $50 million worth convertible preferred share of Yongye at an initial conversion price of $8.80 per share. The conversion price could trend up or down on the basis of Yongye's cumulative net income between 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Diamond Foods Posted: 01 Jun 2011 09:05 AM PDT Diamond Foods, Inc. (DMND) is scheduled to release its third-quarter 2011 results on Thursday, June 2, 2011. The Zacks Consensus Estimate for the quarter is pegged at 48 cents a share, representing an estimated year-over-year growth of 60%. Second Quarter Performance Diamond Foods' second-quarter fiscal 2011 earnings grew a robust 89.6% to 91 cents per share from 48 cents per share in the prior-year quarter, primarily driven by strong top-line growth and improved margins. The second-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Quick Overhead Reference Price To Watch In Crude Oil Posted: 01 Jun 2011 08:38 AM PDT What key reference price levels should we be watching in crude oil at the moment? Let's take a look: A quick look at the chart above shows us two levels of confluence at the $103 overhead level – perhaps more appropriately $103.75 or $104 for a nice clean round number. Why is that level significant to traders? First, it's just above the falling 50 day EMA at $102.75, which is where price closed on Tuesday the 31st. Second, it's the 38.2% Fibonacci Reference Level/Line as drawn from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CVS Caremark Remains At Neutral Posted: 01 Jun 2011 08:31 AM PDT Recently, we reiterated our Neutral recommendation on CVS Caremark Corporation (NYSE:CVS) with a target price of $41.00. CVS Caremark reported an adjusted EPS of 57 cents in the first quarter of 2011, beating the Zacks Consensus Estimate of 55 cents but trailing the year-ago quarter's adjusted EPS of 60 cents. After sluggish performance in past several quarters, the Pharmacy Benefit Management (PBM) business of CVS registered a robust 18.4% year over year increase during the quarter to reach $14 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Remains Above $102 On Weaker Dollar Posted: 01 Jun 2011 08:30 AM PDT 06/01/11 Another session of dollar declines has paved the way for crude prices to once again remain abnove … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jamba Reaches Canada Posted: 01 Jun 2011 08:22 AM PDT California-based Jamba Inc (NASDAQ:JMBA) recently signed a long-term development agreement with Canada Juice Corp. to expand in Canada. As per the deal, Canada Juice Corp. will develop 80 Jamba Juice restaurants in Canada over the next ten years, through franchising. However, the financial terms of the deal were not disclosed. The first Jamba Juice location in the Canada is slated to open in late 2011. Canada Juice Corp. operates 1,200 stores in 25 countries under several brands including Yogen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Lowers Guidance Posted: 01 Jun 2011 08:22 AM PDT Nokia Corporation (NYSE:NOK), the world's largest mobile phone maker, stuns everyone by lowering its second quarter revenue guidance. The company reduced its guidance based on lower Average Selling Price (ASP) and handsets sales. In the aftermarket trade in NYSE, shares of Nokia plunged $1.18 (14.39%) to $7.02. Nokia expects second quarter revenue to miss its previous guidance of $8.34 billion-$9.02 billion. The company also anticipates a decline in adjusted margin from its prior range of 6%-9%. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 01 Jun 2011 08:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Caution Posted: 01 Jun 2011 08:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFC Settles Disabilities Claims Posted: 01 Jun 2011 08:16 AM PDT On Tuesday, Wells Fargo & Company (NYSE:WFC) has reached a settlement with the government under the Americans with Disabilities Act (ADA) to resolve claims that the bank is not equally accessible for individuals with disabilities. Various ADA complaints were filed by individuals, who are deaf, hard of hearing or have speech disabilities. The complaint states that WFC stopped providing phone services using a telecommunications relay service to them. Instead, the individuals were asked to call a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lions Gate Recovers, Beats On EPS Posted: 01 Jun 2011 08:16 AM PDT Lions Gate Entertainment Corp. (NYSE:LGF) recently reported mixed fourth-quarter 2011 results. The company posted quarterly earnings of 33 cents a share, a noticeable recovery from a loss of 19 cents a share in the prior-year quarter. The analysts covered by Zacks had expected Lions Gate to deliver earnings of 17 cents a share. Sturdy cable VOD performance, robust international and digital sales, remarkable jump in equity interest income and abridged theatrical marketing costs helped the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citrix Upgraded To Outperform Posted: 01 Jun 2011 08:15 AM PDT We upgrade our recommendation on Citrix Systems Inc. (NASDAQ:CTXS) to Outperform backed by its excellent performance in first-quarter 2011. The company is growing gradually as virtualization and cloud computing becomes essential for large enterprises to reduce costs when the economy begins to recover from recession. As a leading provider of enterprise software with desktop virtualization at its core, Citrix will benefit from the increasing trend of globalization. Management raised its financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DSW Beats, Raises Outlook Posted: 01 Jun 2011 08:15 AM PDT Columbus, Ohio-based DSW Inc (NYSE:DSW) reported first quarter 2011 earnings of 85 cents per share, which surpassed the Zacks Consensus Estimate of 75 cents and increased 27.0% from 67 cents in the prior-year quarter. The first quarter earnings include a charge of 2 cents related to the merger with Retail Ventures Inc. The company reported strong results on the back of strong top-line growth and margin expansion. Consequently, the company raised its full-year outlook. Quarter Highlights The shoe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower After Worse-than-expected U.S. Data Posted: 01 Jun 2011 08:02 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, following reports showing that U.S. private sector employment growth slowed sharply and manufacturing activity slumped to a one-year low in May.<br /><br />During early U.S. trade, the greenback was lower against the euro, with EUR/USD climbing 0.2% to hit 1.4426.<br /><br />Earlier, European Union Economic Affairs Commissioner Olli Rehn reiterated that a default was not in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Fall On Weak Economic Data Posted: 01 Jun 2011 08:00 AM PDT 06/01/11 Wall Street pulled back on disappointing ADP employment figures and weakness in ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Retreats From 4-week High On Profit Taking Posted: 01 Jun 2011 07:50 AM PDT Forex Pros – Natural gas futures declined for the first time in four days on Wednesday, as investors cashed out of the market to lock in gains from a rally that took prices to a four-week peak in the previous session. <br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.612 per million British thermal units during U.S. morning trade, slumping 0.89%.&nbsp; <br /><br />On Tuesday, natural gas prices jumped nearly 3% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Tens Test 3% Yield As Job Clouds Gather Posted: 01 Jun 2011 07:49 AM PDT Investors are starting to get a better understanding of the irritation Fed Chief Bernanke publicly displayed in November following the FOMC's decision to launch phase two of its quantitative easing plan. Mr. Bernanke appeared to be on the defensive when quizzed about the need to bring intervention in the government and mortgage securities market to a total of $1.8 trillion. The problem, he said was that employment was lagging the apparent recovery and would likely continue to do so. And as we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Truth About The American Economy (II) Posted: 01 Jun 2011 07:40 AM PDT The Stalled Recovery The U.S. economy was supposed to be in bloom by late spring but it's hardly growing at all. Expectations for second quarter growth aren't much better than the measly 1.8 percent annualized rate of the first quarter. That's not nearly fast enough to reduce our ferociously-high level of unemployment. The Labor Department will tell us Friday whether the jobs situation improved in May, but there's been no sign of a surge in hiring. Nor in wages. Average hourly earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Manufacturing Index Drops Sharply In May, Will Weaker USD Or “Risk-Off” Dominate? Posted: 01 Jun 2011 07:33 AM PDT The Manufacturing PMI showed its biggest 1 month drop since 1984, with the index coming in at 53.5 compared to April's 60.4. Forecasts were for a much smaller decline to the 57-58 range. Regional manufacturing surveys have underperformed all month and we see it showing up strongly on the national level. As we can see from the breakdown of the report above, every sub-gauge was negative: New orders and production falling back a steep 10.7 and 9.8 points respectively. Employment slipped back … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Losses After Weak U.S. Jobs, ISM Data Posted: 01 Jun 2011 07:33 AM PDT Forex Pros – The pound pared losses against the U.S. dollar on Wednesday, after U.S. data showed that private sector employment growth slowed sharply and manufacturing activity slumped to a one-year low in May.<br /><br />GBP/USD pulled back from 1.6377, the pair&rsquo;s lowest since May 26, to hit 1.6423 during early U.S. trade, still down 0.13% on the day.<br /><br />Cable was likely to find support at 1.6266, the low of May 26 and resistance at 1.6546, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Erase Losses On U.S. Recovery Fears Posted: 01 Jun 2011 07:32 AM PDT Forex Pros – Gold futures erased losses on Wednesday, rebounding from a three-day low after a string of weaker-than-expected U.S. data fuelled speculation that U.S. interest rates would stay lower, boosting the appeal of the precious metal. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,538.15 a troy ounce during U.S. morning trade, edging 0.11% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Bounces Off Trendline Support; 0.9750 Is A Critical Pivot Posted: 01 Jun 2011 07:31 AM PDT Will USD/CAD Extend its Bearish Breakout after the BOC Statement (5/31) USD/CAD Short-Term- The decline yesterday in the USD/CAD followed a BOC statement that the market interpret as hawkish. - This bearish action is so far contained and supported by a rising trendline seen in the daily chart above. Note that the market in the medium to long term is still bearish, as the market remains below the 200SMA. In fact, only a rally above parity (1.0) should be seen as bottoming. Also, an RSI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Housing Double Dip Represents ‘Patient’ Opportunity Posted: 01 Jun 2011 07:30 AM PDT While various and sundry soothsayers have been touting the relative merits of our housing market for the last few years, I did not have a constructive comment about housing until just six weeks ago when I wrote, Is It Getting Time To Buy a House?. Housing price data released yesterday confirmed that our nations' housing market has, in fact, suffered a double dip. Is my positive commentary on housing premature and akin to 'catching a falling knife'? Why was I negative for so long? Why do … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Near Three-week High After Disappointing U.S. Data Posted: 01 Jun 2011 07:20 AM PDT Forex Pros – The euro was trading close to a three-week high against the U.S. dollar on Wednesday, after data showed that U.S. private sector employment growth slowed sharply in May and manufacturing activity slumped to a one-year low in May.<br /><br />EUR/USD hit 1.4448 during early U.S. trade, the pair&rsquo;s highest since May 6; the pair subsequently consolidated at 1.4416, gaining 0.13%.<br /><br />The pair was likely to find support at 1.4276, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 01 Jun 2011 02:00 AM PDT 06/01/11 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

Rockhopper Exploration Cheered By Results Of Second Sea Lion Appraisal Well Posted: 01 Jun 2011 01:47 AM PDT Rockhopper (LON:RKH) gave followers of Falklands oil exploration something to cheer about this morning, with news that its latest appraisal well had encountered a significant reservoir package and hydrocarbon column. Rockhopper so far remains the only company in the region to have had any success, having made a substantial discovery on the Sea Lion prospect in the North Falkland Basin in May 2010. The latest well was designed to appraise the Sea Lion main fan reservoir and investigate … [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