Wednesday, June 29, 2011

DailyMarkets.com - How To Alpha Scan To Make Bank

DailyMarkets.com - How To Alpha Scan To Make Bank

How To Alpha Scan To Make Bank

Posted: 29 Jun 2011 05:37 PM PDT

We dont think folks really appreciate the power behind our custom ‘Alpha Scanner’, all the readers here spend huge amounts of time reading ahout Hurst, Gann and Wyckoff yet the let the pages on this site covering our Alpha Scanner alone. Well we hope this post changes this.

Our Alpha scanner is great for finding HOT stocks or ETFs when the market has suffered a 5% to 10% dip, the scan below is a backtest on the day when the SP500 hit the 200 SMA for the first time in a while. Every one knows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 29 Jun 2011 05:05 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4476, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4485, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.9008 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 29 Jun 2011 04:15 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.71, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 80.13, Friday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.24% to hit 1.4470 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ITW Revises Historicals & Outlook

Posted: 29 Jun 2011 03:35 PM PDT

Illinois Tool Works Inc. (NYSE:ITW) recently reclassified its historical results giving effect to discontinued operations and announced the impact of its share repurchase activity. The company consummated the repurchase of $550 million or 9.7 million shares in the second quarter 2011, favorably impacting fiscal year 2011 earnings per share by 5 cents.
Per a definitive agreement entered into in April 2011, Illinois Tools will divest its finishing group businesses to Graco Inc. The finishing group … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

L-3 Manages Navy Fleet

Posted: 29 Jun 2011 03:35 PM PDT

L-3 Communications Holdings Inc. (NYSE:LLL) has received a $104 million contract to perform aircraft sustainment for the U.S. Navy's fleet consisting of P-3, EP-3 and NP-3 aircraft. The contract awarded to L-3 Communications' Platform Integration division was an add-on to a previous program awarded to the company in 2005.
Under the contract, L-3 Communications will identify possible defects in airframes through inspection and provide services to correct them. The company will work on all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Campbell Calls For Efficiency

Posted: 29 Jun 2011 03:35 PM PDT

The global manufacturer and marketer of high-quality foods and simple meals, Campbell Soup Company (NYSE:CPB), have underlined a series of initiatives to enhance its supply chain efficiency and reduce overhead costs. Under its new restructuring plan, the company will make new investments, outsource and close some operations.
Campbell is expected to eliminate a total of approximately 770 positions across the organization by incurring total pre-tax costs of approximately $75.0 million. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 29 Jun 2011 03:35 PM PDT

Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8247, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8262, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.02% to hit 1.2938 and EUR/NZD rising 0.08% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Weekly Jobless Claims, Chicago PMI, German Unemployment Rate

Posted: 29 Jun 2011 03:20 PM PDT

06/29/11 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: Water Balloon Toss

Posted: 29 Jun 2011 03:17 PM PDT

Cusick’s Corner
Today’s action was like watching a fast paced water balloon toss competition (a great Fourth of July game). There will be quite a bit of data released over the next 12 hours that has the potential to add some volatility and the most notable releases are manufacturing data out of Japan (a good number bolsters recovery) and the Jobs data out of Germany. If either of these numbers comes in light this could pause this advance. Claims data also comes out tomorrow pre-market. Claims … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

News Corp. Selling MySpace

Posted: 29 Jun 2011 03:05 PM PDT

Recently, Bloomberg reported that News Corp. (NWSA) seeks to reach a strategic decision with Specific Media regarding the sale of MySpace, its social networking site, for about $35 million in cash and stock.
News Corp. had acquired the Beverly Hills, California-based MySpace in 2005 for a price of $580.0 million. The selling process was triggered way back after the site tumbled miserably despite its early success, and constantly lagged behind its competitor Facebook Inc. with respect to its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LongHorn Opens In San Antonio

Posted: 29 Jun 2011 03:05 PM PDT

LongHorn Steakhouse, operated by Darden Restaurants Inc. (NYSE:DRI), recently opened a 6,200-square foot restaurant, in San Antonio, Texas. The restaurant accommodates 240 guests and is the fifth LongHorn in the region. Industry veteran David Marchlewski will assume the role of managing partner in the new restaurant.
The Florida-based company started the construction of the restaurant in January this year and management initially expected to launch it in April 2011. LongHorn, which debuted in San … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil Strikes Oil Near Oseberg

Posted: 29 Jun 2011 03:05 PM PDT

Norway's Statoil ASA (NYSE:STO) has discovered oil and condensate in the North Sea's Krafla West prospect. Situated around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters.
Initial calculations show that Krafla West could be holding recoverable reserves between 12.6–37.7 million barrels of oil equivalent (mmboe).
The recent discovery, drilled by semi-submersible Ocean Vanguard, comes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Finish Line Matches Estimate

Posted: 29 Jun 2011 03:05 PM PDT

The Finish Line Inc. (NASDAQ:FINL) posted adjusted earnings per share of 30 cents in the first quarter of fiscal 2012, in line with the Zacks Consensus Estimate. However, the quarterly earnings exceeded the year-ago earnings by 5 cents.
Indianapolis-based Finish Line reported year-over-year net sales growth of 6.0% in the quarter to $299.5 million. Sales growth was aided by improved performance in all key metrics. Store conversion was up 0.2%, average dollars per transaction increased 2.1% and store … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watch List For Thursday

Posted: 29 Jun 2011 03:00 PM PDT

  ( click to enlarge )

McDonald’s Corporation (NYSE:MCD) recorded a new high in today’s session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $81.85. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too.

   ( click to enlarge )

Allied Irish Banks, plc. (NYSE:AIB) – The stock closed up on high volume a sign that investors are buying into the stock. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suncor Upgraded To Outperform

Posted: 29 Jun 2011 02:35 PM PDT

We have upgraded Canada's biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (NYSE:SU) to Outperform from Neutral, reflecting the company's impressive portfolio of growth opportunities, unique asset base and high return potential in the long run.
Suncor has significant oil sands and conventional production platform, huge long-lived oil-sands reserves and a robust downstream portfolio. The company's asset base includes substantial conventional reserves and production at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corning Embarks On Joint Research

Posted: 29 Jun 2011 02:35 PM PDT

Corning Inc. (NYSE:GLW) announced the opening of a research facility in China, jointly with the Shanghai Institute of Ceramics and Chinese Academy of Sciences (SICCAS). The facility is located in the Research and Development Center of SICCAS in Jiading, Shanghai.
SICCAS is China’s leading research institute in the fields of material science and technology. Its innovations can be used to develop new and improved products that will address requirements in China and abroad.
The SICCAS-Corning … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Juniper Products Favored In China

Posted: 29 Jun 2011 02:35 PM PDT

Juniper Networks Inc. (NASDAQ:JNPR) announced that its network infrastructure will be deployed by Youku.com Inc. (YOKU) for an undisclosed amount. Youku is a prominent Chinese Internet television service provider and offers online video content for Chinese Internet users.
Per the contract terms, Juniper will provide its Ethernet-based switching infrastructure and Content Delivery Network (CDN) solutions. The EX Series Ethernet switches, which run on the Junos operating software, will help Youku to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepsi Launches New Ad Campaign

Posted: 29 Jun 2011 02:35 PM PDT

Pepsico Inc. (NYSE:PEP) is determined to regain its lost position as the #2 US beverage in the world. Pepsi to meet this goal wants to go back to its roots and promote its flagship product Pepsi Cola once again. 
Keeping this in mind, Pepsi launches its new advertising campaign for Pepsi-Cola after almost three years. It is a pronounced signal that the retail giant is focusing on its biggest brand that had sank to No. 3 in U.S. soda sales last year, defeated by Diet Coke.
As reported by The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ecolab, Proventix Join Forces

Posted: 29 Jun 2011 02:05 PM PDT

Leading cleaning and sanitation products maker Ecolab Inc (NYSE:ECL) is collaborating with Birmingham, Alabama-based technology company Proventix Systems Inc in a quest to fight the spread of healthcare acquired infections ("HAIs").
Under the deal, the Minnesota-based company will use Proventix's nGage radio frequency identification ("RFID") system to automate hand hygiene compliance monitoring for its healthcare customers.
HAIs, infections that patients acquire during their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Look Back At The Stimulus Debate

Posted: 29 Jun 2011 02:05 PM PDT

With economic stimulus now turning to fiscal contraction, I thought it might be interesting to look back and see what I was thinking when the debate over the stimulus package was going on. This is from a post I made on February 9, 2009. Some of the details of the ARRA changed between that time and passage, but most of the changes were in the direction of making it smaller.

By and large I think my predictions were pretty good. The stimulus did help prevent a second Great Depression, but were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABB Modernizes German Steel Plants

Posted: 29 Jun 2011 02:05 PM PDT

ABB Ltd. (NYSE:ABB) will work on the ThyssenKrupp Steel's Duisburg-Bruckhausen steel plant at Germany. The company received three contracts from ThyssenKrupp Steel Europe to upgrade the 7-stand hot strip rolling mill no 1 of the steel plant. The conglomerate value of the contracts is $29 million.
As per the deal, ABB will be providing automation for drives, power systems and equipment, and related project services. The orders were booked in the first quarter of 2011.
ThyssenKrupp is working to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TDS Rides On Cloud Biz

Posted: 29 Jun 2011 02:05 PM PDT

Telephone and Data Systems Inc. (NYSE:TDS) plans to acquire OneNeck IT Services, a data hosting and information technology (IT) company. The estimated takeover price is $95 million.
The acquisition was approved by the Federal Trade Commission and is expected to close on July 1. We believe the purchase of OneNeck will give Telephone and Data Systems a good opportunity to expand its operations in managed hosting and cloud services offerings.
Telephone and Data Systems has significantly improved its … [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: 29 Jun 2011 01:55 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4430, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4448, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally … [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: 29 Jun 2011 01:40 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> USD/JPY was trading at 80.82, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 80.13, Friday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron To Tap Carabobo Oil In 2012

Posted: 29 Jun 2011 01:35 PM PDT

According to a company executive, U.S. energy behemoth Chevron Corp. (NYSE:CVX) expects the start-up of an oil field in Venezuela's Orinoco Belt next year. The super major is confident that it can commence production from Orinoco's Carabobo Project 3 – which has estimated reserves of 66 billion barrels – in September 2012.
The Orinoco Belt, estimated to hold more than 500 billion barrels of recoverable extra-heavy crude, is widely thought to be the world's largest liquid hydrocarbon … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Denbury To Get Riley Ridge Unit

Posted: 29 Jun 2011 01:35 PM PDT

Denbury Resources Inc. (NYSE:DNR) has entered into an agreement to acquire working interests in Riley Ridge Federal Unit located in southwestern Wyoming as well as mineral leases adjoining the Unit from Cimarex Energy Co. (NYSE:XEC). The total consideration of the transaction, which is expected to close in July, is $191 million.
Per the agreement, Denbury plans to take hold of 57.5% working interest in Riley Ridge Federal Unit as well as approximately 33% working interest in 28,000 acres of mineral … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fiserv Expands With Credit Unions

Posted: 29 Jun 2011 01:35 PM PDT

Fiserv, Inc. (NASDAQ:FISV) recently announced that Randolph-Brooks Federal Credit Union (RBFCU) has chosen to implement the Acumen account processing solution from Fiserv.
Fiserv, which competes with Fidelity National Information Services Inc. (NYSE:FIS), assists financial institutions and health plan administrators in managing their information systems, thus helping them deliver services to their customers efficiently.
Randolph-Brooks Federal Credit Union is a $4.3 billion institution and is the … [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: 29 Jun 2011 01:25 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4434, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4448, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.60%

Posted: 29 Jun 2011 01:10 PM PDT

Forex Pros – pros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.60%, the S&P 500 index gained 0.83%, while the Nasdaq 100 index climbed 0.38%.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 8.2% last month from -11.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MDT’s Bone Protein In Controversy

Posted: 29 Jun 2011 01:05 PM PDT

Leading medical devices player Medtronic (NYSE:MDT) has been put under the scanner based on some articles published on recombinant human Bone Morphogenetic Protein-2 (rhBMP-2) in a recent edition of Spine Journal. According to a report issued in The Wall Street Journal (WSJ) on the Spine Journal finding, surgeons missed to mention the complications encountered with bone-growth protein in clinical trials.
The WSJ reported that the Spine Journal found many serious complications such as sterility, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Trian Acquires Minor Stake In Kraft

Posted: 29 Jun 2011 01:05 PM PDT

According to the SEC filing, the billionaire investor Nelson Peltz's hedge fund – Trian Fund Management has acquired 12.2 million shares of Kraft Foods Inc. (NYSE:KFT) for $381.9 million during the first quarter of 2011.
Trian is based in New York and its stake of 12.2 million shares represents about 0.7% of shares outstanding. Kraft has 1.7 billion shares outstanding. Further, Trian is currently the largest shareholder of Wendy’s/Arby’s Group Inc., and also owns stakes in Tiffany & Co. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s United-DNBK Deal Approved

Posted: 29 Jun 2011 01:05 PM PDT

People’s United Financial Inc. (NASDAQ:PBCT) and Danvers Bancorp Inc. (NASDAQ:DNBK) got the approval for their proposed merger from the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation on June 27, 2011. In May, the deal was also approved by Danvers Bancorp shareholders and the Office of Thrift Supervision. The merger is expected to close on June 30, 2011.
The approvals from the state were received after five months of the announcement of the merger. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian EPCM Contract For Fluor

Posted: 29 Jun 2011 01:05 PM PDT

Fluor Corporation (NYSE:FLR) is all set to provide its engineering, procurement and construction management (EPCM) services for Woodside Energy Limited's operating gas assets in Australia. In the final agreement, the initial contract term for Fluor is three years and has an option to be extended three times by one year. The value of the contact was not disclosed but included in the second quarter 2011 bookings of the company.
As per the agreement, Fluor will be responsible for capital projects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Army To Receive Textron ASVs

Posted: 29 Jun 2011 01:05 PM PDT

Textron Inc. (NYSE:TXT) said that a contract option exercised by the U.S. Army requires Textron's Marine & Land Systems unit to deliver about 65 additional M1117 Armored Security Vehicles (ASVs). The option exercised by the U.S. Army Contracting Command, Warren, Michigan, is valued at around $49.6 million.
The Armored Security Vehicle is a 4X4 wheeled vehicle that offers significant crew protection through its V-shaped hull design, and employment of multiple layers of armor, defending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 29 Jun 2011 12:55 PM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> GBP/USD was trading at 1.6063, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6074, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

06/29 FX Options Report

Posted: 29 Jun 2011 12:50 PM PDT

The EUR remained higher after the Greek Parliament passed austerity measures. The US currency traded lower vs. most major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Visa Funds Escrow Account

Posted: 29 Jun 2011 12:35 PM PDT

Visa Inc. (NYSE:V) has provided the share count details and its pricing regarding the escrow account, which was established on March 31, 2011.
During March end, Visa had deposited about $400 million in its escrow account in order to fund its litigation costs. Besides, this was created as a back-up to provide coverage and potential payment for litigation settlements in the U.S. against Visa.
Further, Visa made the deposit under its previously implemented retrospective responsibility plan (RRP), the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunoco Spreads Retail Network

Posted: 29 Jun 2011 12:35 PM PDT

In an attempt to expand its retail web, Sunoco Inc. (NYSE:SUN) added 13 sites of its namesake brand in Birmingham, Alabama. The expansion was done under the terms of an agreement entered into with Quality Petroleum of Alabama and Chattahoochee Oil, a distributor of petroleum products.
The existing set-up of Sunoco retail sites consist of more than 4,900 stores selling transportation fuels and convenience items. Constructions of the new outlets are underway and will be made part of the Sunoco brand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J&J Recalls Tylenol Lot

Posted: 29 Jun 2011 12:35 PM PDT

Johnson & Johnson (NYSE:JNJ) recently announced that it is recalling one lot of Tylenol Extra Strength Caplets, 225 count bottles, at the retail level. The lot, manufactured in Feb 2009, is being recalled in the US.
The recall was initiated due to reports regarding odor including musty, moldy odor. Product recalls remain a frequent occurrence at Johnson & Johnson. Products that were recalled by the company over the past few quarters include Tylenol, Benadryl, Motrin, Rolaids, Invega … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 29 Jun 2011 12:30 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> USD/CHF was trading at 0.8351, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Tuesday&rsquo;s low, and resistance at 0.8395, Friday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Rally Extended

Posted: 29 Jun 2011 12:18 PM PDT

Cusick’s Corner
Today’s snapshot: Greeks respond to austerity measures, BAC settles and bonds tumble. The Finance sector had the largest lift into the midday, thanks to more clarity from Bank of America concerning fallout from the mortgage and CDS markets which additionally helps estimate the potential liabilities of their peers and essentially move on. The weak Dollar has also been a catalyst for the commodity markets. See you After Hours.
Stock market averages are holding gains after Greek … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 29 Jun 2011 12:10 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> USD/CAD was trading at 0.9709, down 1.04% at time of writing.<br/><br/> The pair was likely to find support at 0.9690, today&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s Casts Shadow On Toyota

Posted: 29 Jun 2011 12:04 PM PDT

Moody's Investors Service, the credit rating arm of Moody's Corp. (NYSE:MCO), has cut the credit rating for Toyota Motor Corp. (NYSE:TM) by one level to Aa3 on the back of its weakening market position and difficulties in operations emanating from the earthquake and tsunami in Japan on March 11.  
Moody's has warned the company of another downgrade given the deteriorating conditions in the Japanese economy after the earthquake. Production in Japan slashed 54.4% in May, resulting in a 55.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

StanCorp Financial Upgraded

Posted: 29 Jun 2011 12:04 PM PDT

We are upgrading StanCorp Financial Group Inc. (NYSE:SFG) to Neutral from Underperform based on its excellent underwriting track record, continued better performance at Asset Management segment as well as active share repurchases supported by a strong capital position.
StanCorp's Asset Management segment is benefiting from an increase in administrative fees on increased cash flows. This coupled with lower operating expenses due to the successful implementation of cost reduction initiatives have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tanger Acquires Asset In Ohio

Posted: 29 Jun 2011 12:04 PM PDT

Tanger Factory Outlet Centers, Inc. (SKT) recently acquired Prime Outlets at Jeffersonville from Ohio Factory Stores Partnership, a subsidiary of Simon Property Group Inc. (SPG) for approximately $134 million. The acquisition was funded with borrowings under the company’s recently transacted $150 million loan.
The acquired property is the largest outlet center in Ohio and currently includes 90 upscale designers and branded stores in five buildings totaling 410,000 square feet. The center is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The “1′s” With Sales Momentum

Posted: 29 Jun 2011 12:04 PM PDT

Upward earnings estimate revisions and positive earnings surprises tend to go hand in hand with a good Zacks Rank. That is certainly no surprise, as those are the key factors that go into determining the rank. However, in recent quarters, almost as much attention is being paid to how a company performs on the top line as to how well it is doing on the bottom line.

Therefore I wanted to look for firms that would look good if we had a sales-based Zacks Rank, as well as looking good on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fifth Third Stays Neutral

Posted: 29 Jun 2011 12:04 PM PDT

We have reiterated our Neutral recommendation on Fifth Third Bancorp (NASDAQ:FITB) following a detailed analysis of the company's fundamentals, strengths and weaknesses in the context of the current economic environment.
Fifth Third's first quarter 2011 earnings of 10 cents per share were significantly below the Zacks Consensus Estimate of 27 cents per share. The results were affected by lower net interest income and non-interest income, partially compensated by better-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Can Congress Read? Does It Open Its Mail Regarding FINRA?

Posted: 29 Jun 2011 11:59 AM PDT

Do those in Congress know how to read? Do they open their mail?
News is leaking that Congress may be inclined to have Wall Street's self-regulator, FINRA, gain oversight of the investment advisory industry. That industry is currently regulated by the SEC and operates under a fiduciary standard.
The industry is fighting tooth and nail NOT to be regulated by FINRA which regulates broker-dealers under the less stringent suitability standard.
While the investment advisory industry and FINRA may … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: Life Cycle Stages Of A Stock

Posted: 29 Jun 2011 11:55 AM PDT

It's time for another "Wednesdays with Wyckoff" Lesson!
If you've been following along, you know that Richard Wyckoff – an early technical analysis thinker – often mixes entertaining if not colorful imagery into his practical lessons about supply/demand and stock market movement.  Today's lesson is no exception!
In his Studies in Tape Reading series of lessons, Wyckoff compares the bigger life cycle of a stock move with that of a human's life cycle:
"Every movement of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 29 Jun 2011 11:45 AM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4420, up 0.34% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4448, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ashford Mulls Secondary Offering

Posted: 29 Jun 2011 11:35 AM PDT

Ashford Hospitality Trust Inc. (NYSE:AHT), the second largest lodging real estate investment trust (REIT) in the U.S., has recently announced its decision to issue 6.0 million common shares to raise cash and repay its debt. The company will also grant the underwriters an option to purchase an additional 0.9 million shares to cover any over-allotments.
Morgan Stanley (NYSE:MS) – a global financial services firm; KeyBanc Capital Markets – the investment banking division of KeyCorp (NYSE:KEY); UBS … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

P&G’s Fatless Food A Myth

Posted: 29 Jun 2011 11:35 AM PDT

Procter and Gamble (P&G) revealed in a study conducted by Purdue University that it has failed to keep the promise of helping customers remain fit and slim.  
As per the study, Orleans, the brand name for Olestra, a calorie-less, fat-free substitute discovered by P&G is more likely to make consumers more vulnerable to weight gain.
In the study, researchers found that rats who were fed with fat-free Olestra chips tended to eat more and put on more weight when they were later exposed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bayer Seeks Eylea Approval In Japan

Posted: 29 Jun 2011 11:35 AM PDT

Germany's Bayer (BAYRY) recently submitted an application to the Japanese Ministry of Health, Labor and Welfare (MHLW) seeking approval to market its eye treatment VEGF (vascular endothelial growth factor) trap-eye (proposed trade name: Eylea) in the country.
The clearance is being sought to market the drug for treating patients suffering from the neovascular form of age-related macular degeneration (wet AMD).
Bayer's application is based on positive results from the VIEW program (VEGF … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmSurg Upgraded To Neutral

Posted: 29 Jun 2011 11:35 AM PDT

Recently, we upgraded AmSurg Corporation (NASDAQ:AMSG) to Neutral with a target price of $27.00.
AmSurg witnessed a 7.3% year-over-year decline in EPS to 38 cents in the first quarter of fiscal 2011, but it was in line with the Zacks Consensus Estimate.
Several challenges such as reimbursement issues, higher interest expenses and tax rate as well as economic uncertainty resulted in deferred elective procedures coupled with reduced doctor visits by patients, thereby lowering surgical volume. As a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BUY TZA @ $35.58

Posted: 29 Jun 2011 11:18 AM PDT

Click on the chart to ENLARGE

I just bought Direxion Small Cap Bear 3X (TZA) at $35.58. This purchase is a followup to the posts I wrote earlier this morning.

My TSI Trading Record has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 29 Jun 2011 11:15 AM PDT

Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> AUD/USD was trading at 1.0656, up 1.10% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0680, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ryder Leases Natural Gas Trucks

Posted: 29 Jun 2011 11:04 AM PDT

Ryder System Inc. (NYSE:R) has announced that it has entered into a lease agreement for 87 heavy-duty natural gas trucks with customers. The company did not disclose any financial detail of the contract but mentioned that 65 of the trucks belong to Ryder’s current natural gas fleet of 70 vehicles in Southern California. The remaining 22 vehicles are leased to Golden Eagle Distributors Inc. in Arizona.
The natural gas fleet is part of the San Bernardino Associated Governments (SANBAG) project … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mortgage Claims Cost BofA $8.5B?

Posted: 29 Jun 2011 11:04 AM PDT

Bank of America Corp. (NYSE:BAC) has hit the headlines again and this time for a wrong reason. The company is said to be reaching an agreement to pay $8.5 billion to a group of investors who had suffered substantial losses for their investments in mortgage-backed securities sold by the company prior to the housing market failure, according to a Wall Street Journal report.
The group of investors, including names such as BlackRock Inc. (NYSE:BLK), MetLife Inc. (NYSE:MET) and the Federal Reserve Bank of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow, Bain’s Trinseo Files For IPO

Posted: 29 Jun 2011 11:04 AM PDT

Trinseo SA, the plastics maker owned by The Dow Chemical Co. (NYSE:DOW) and Bain Capital LLC has announced that it has filed for an initial public offering to raise up to $400 million for repaying loans and other corporate purposes.
Trinseo was previously known as Styron Corp and was owned by Dow Chemical before being bought by Bain Capital for $1.63 billion in 2010. Dow Chemical still has a 7.5% stake in the company while Bain owns about 92% of Trinseo.
As per Trinseo, the proceeds from the IPO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Assembly Line Extends For Boeing 787

Posted: 29 Jun 2011 11:04 AM PDT

International Aerospace giant The Boeing Co. (NYSE:BA) said that it has broken ground on another assembly line for its much awaited 787 Dreamliner at its production facility in Salt Lake City, Utah. This new assembly line follows the assembly line in North Charleston, South Carolina, which was inaugurated by the company earlier this month.
The new assembly facility in Utah will manufacture the vertical fin assemblies for 787 Dreamliners that are built at Boeing South Carolina facility. At present … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rise Continues On Greece And Data

Posted: 29 Jun 2011 11:00 AM PDT

06/29/11 With the Greek Parliament likely headed towards passing austerity measures and an improvement in eurozone consumer confidence, the euro continued to rally this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Rises Towards 1.4500 Resistance

Posted: 29 Jun 2011 10:56 AM PDT

EUR/USD (daily chart) as of Wednesday (6/29/2011) has consolidated in a triangle pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price action within this triangle has displayed a true converging consolidation with price making progressively lower highs and higher lows. For the past three days, price has been climbing substantially, and is now approaching key resistance around the 1.4500 price region, as well as the top border of the triangle pattern. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Appetite For Darden Calls And Puts Grows Ahead Of Earnings

Posted: 29 Jun 2011 10:47 AM PDT

Appetite for Darden calls and puts grows ahead of earnings
Today's tickers: DRI, MGM, CSTR & RMD
(NYSE:DRI) – Darden Restaurants, Inc. – Investors are dining on both call and put options on the operator of Red Lobster and Olive Garden restaurants today ahead of the company's fourth-quarter earnings report tomorrow after the close of trading. Shares in one of the world's largest company-owned and operated full-service restaurant companies are up 0.70% this afternoon to stand at $49.60. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 29 Jun 2011 10:45 AM PDT

Forex Pros – pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Pending Home Sales.<br/><br/> NZD/USD was trading at 0.8232, up 1.35% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8235, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Romania Central Bank Holds Interest Rate At 6.25%

Posted: 29 Jun 2011 10:39 AM PDT

The Banca Nationala a Romaniei maintained its policy rate unchanged at 6.25%.  The Bank also “decided to maintain the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions”.  The Bank noted: “The inflation outlook continues to feature significant risks”, pointing to commodity prices, administered price adjustments, global financial market reactions to the ongoing sovereign debt crisis in Europe, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UPS-Merck Expand Deal

Posted: 29 Jun 2011 10:35 AM PDT

United Parcel Services (NYSE:UPS), the world’s largest package delivery company, inked a new deal with healthcare giant  Merck & Co. Inc. (NYSE:MRK) to expand its distribution and logistics services. The companies did not reveal financial terms of the deal.
UPS initially began this alliance in 2003 to transport Merck's products in the U.S. In 2009, the deal was extended to distribution, storage and transportation of medicines and vaccines in North America. The new contract expands the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

KB Home’s Loss Widens

Posted: 29 Jun 2011 10:35 AM PDT

KB Home (NYSE:KBH) reported a net loss of $68.5 million or 89 cents per share in the second quarter of fiscal 2011, compared with a net loss of $30.7 million or 40 cents per share a year ago. 
However, excluding inventory impairments and land option contract abandonment charges of $20.6 million and a loss of $14.6 million on loan guaranty related to the company's investment in South Edge, LLC, the adjusted net loss stood at $33.3 million or 43 cents per share, which is much wider than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SINA Teams With Find Japan, Inc.

Posted: 29 Jun 2011 10:35 AM PDT

SINA Corp. (NASDAQ:SINA) recently entered into a partnership with Find Japan Inc., to market its microblog service "weibo", as reported by the news agency Bloomberg.
Under the terms of the agreement, Find Japan Inc. will provide account verification services for Japanese businesses, institutions and celebrities from July 1, 2011.
According to Harvard Business Review (July-August 2010), Asian countries are the most active social networkers, generating approximately 45.0% of Internet users' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Genesco Takes Over Schuh

Posted: 29 Jun 2011 10:35 AM PDT

Genesco Inc. (NYSE:GCO) recently acquired UK-based Schuh Group Ltd., a specialty retailer of casual and athletic footwear, for £125 million. The purchase price was broken into three tranches plus a possible management bonus contingent upon performance worth up to another £25 million.
From this deal, Genesco and Schuh will derive merchandising synergies as both operate in the same vertical. Both companies target  teenagers and young adults. So the same basic product trends are in place for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regions Teams With Western Union

Posted: 29 Jun 2011 10:35 AM PDT

Yesterday, Regions Bank, a subsidiary of Regions Financial Corp. (NYSE:RF) entered into an agreement with Western Union Co. (NYSE:WU), a leader in global payment services, to enhance services offered to its customers. Under the terms of the deal, Regions will provide Western Union global money transfer services and faster bill payment services across its 1,700 locations in the U.S.
In today's world, consumers expect flexible, expedient and trustworthy financial services providers. The transaction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE Gets Orders Worth $27B

Posted: 29 Jun 2011 10:35 AM PDT

GE Aviation, a part of General Electric (NYSE:GE) and Nexcelle have signed an agreement whereby Nexcelle's nacelle system (a streamlined enclosure on an aircraft that provides shelter to the crew, cargo and the engine) will be included in the GE Passport 20 jet engine. This agreement was signed by the companies at the Paris Air Show.
As per the agreement, Nexcelle will develop, produce and deliver nacelles and thrust reversers for GE Aviation's Passport 20 jet engine's integrated propulsion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stryker Closes Orthovita Buy

Posted: 29 Jun 2011 10:35 AM PDT

Stryker Corp (NYSE:SYK) has completed its $316 million acquisition of Pennsylvania-based orthobiologic and biosurgery products maker Orthovita Inc. This follows the recent competition of its all-cash tender offer for the buyout. Shareholders holding roughly 87.6% of Orthovita's outstanding shares tendered their shares in the offer.
Stryker completed the acquisition through the merger of its indirect wholly owned subsidiary Owl Acquisition Corporation with Orthovita. With the deal closure, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Petrobras And Partners Strike Oil

Posted: 29 Jun 2011 10:35 AM PDT

Brazilian oil giant  Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the discovery of two levels of high-quality crude oil at a well in the country's ultra deepwater pre-salt Campos Basin.
Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally known as Gavea), Norwegian company  Statoil ASA (NYSE:STO) holds a 35% stake. The remaining interest is controlled by operator Repsol Sinopec –– a partnership between Spain’s Repsol-YPF and China's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Tomorrow…about End Of Q2, Not Greece “

Posted: 29 Jun 2011 05:30 AM PDT

06/29/11 Sunrise Securities’ Ben Willis discusses the Greek parliament voting in favor of the austerity plan. The end of the quarter and today’s advance crude oil are also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kenya Central Bank Boosts Interest Rate 175bps To 8.00%

Posted: 29 Jun 2011 10:20 AM PDT

The Central Bank of Kenya boosted the benchmark lending rate by a surprise 175 basis points to 8.00% from 6.25% previously, in a move designed to crackdown on double digit inflation and currency speculation.  The Bank said: ”This further tightening of the monetary policy stance will curtail second-round effects arising from fuel and maize prices and exchange-rate volatility that have been fueling inflationary expectations,”.

Previously Kenya’s central bank also increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Albania Holds Interest Rate At 5.25%

Posted: 29 Jun 2011 10:09 AM PDT

The Bank of Albania held its main monetary policy interest rate unchanged at 5.25%, noting monetary conditions will likely see inflation return to target in the medium term.  The Bank noted that: “inflation will continue to be under the pressure of foreign prices in the coming period,”…”but, barring unexpected developments, the effect of the shocks of foreign prices will wane while the effect of administered prices will cease in the third quarter”.

The Bank of Albania … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 1.73%

Posted: 29 Jun 2011 09:55 AM PDT

Forex Pros – pros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 1.73%, London&rsquo;s FTSE 100 gained 1.54%, France&rsquo;s CAC 40 climbed 1.93% and the EURO STOXX 50 was up 2.02%.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 8.2% last month from -11.3% in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will Rare Earth Stocks Be Hurt By Surprise Oil Release?

Posted: 29 Jun 2011 09:48 AM PDT

The recent release of 60 million barrels of oil will artificially lower the price. The high oil price has been the best catalyst for clean energy production and fuel efficient vehicles. Increasing the supply of oil may be pushing down the demand for rare earths, uranium, and lithium only in the short term. This decline in oil prices should not drastically hurt the development of rare earth assets outside of China.
Over the long term, oil prices will return to equilibrium as the new supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Large Drop In Inventory Causes A Crude Rally

Posted: 29 Jun 2011 04:45 AM PDT

06/29/11 Front month crude prices rallied this afternoon following the EIA’s surprising report of a drop in crude stockpiles by 4.4 million barrels for last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Athens Says ‘yes’ – Now What?

Posted: 29 Jun 2011 09:27 AM PDT

As word quickly spread of the 'yes' vote in Athens investors sold government bonds thinking that the world could soon resume normal trading activity. The slide in bond prices came to a sharp halt, however, as investors mulled the future, which in reality has changed very little. Greece remains heavily indebted and with a mother lode of outstanding commitments that it can't repay without taking handouts from its neighbors. The price of this helping hand is the decimation of its own economy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Round Of Recalls For Toyota

Posted: 29 Jun 2011 09:00 AM PDT

06/29/11 Toyota announced Wednesday that it will recall about 82,000 hybrid SUV’s in the US on faulty computer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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