DailyMarkets.com - Morgan Stanley Sets Up JV In China

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• Morgan Stanley Sets Up JV In China
• U.S. Rig Count Edges Higher
• Dr. Reddy’s Launches Generics In US
• Mexivada Option Strategy To Pay Off Over Next 12 Months
• Sigma Partners With Ilika
• A.M. Best Rates Torchmark Stable
• Boeing Opens 787 Assembly Plant
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Caution
• IMF Systems Hacked
• Eli Lilly Collaborates With Synthes
• Cabot Upgraded To Outperform
• United Natural Foods Divests Biz
• Stress Tests: More Banks To Jog
• DoJ Enlists Unisys For IT Services
• Starbucks Serves Liquor In Portland
• IBM Supports Bank Austria
• Micromet’s Blinatumomub Encourages
• Market Attention To Shift Back To US Fundamentals, Can USD Get A Boost?
• USD/CHF Respects 0.8645 Resistance; Swing Projection Targets Fresh Low At 0.8155
• National Semi Has Good Q4
• LAN-TAM Merger Delayed
• GD Wins U.S. Air Force Contract
• Travelers To Lower Share Buyback
• Grubb & Ellis Divests
• Weatherford Stays Neutral
• Benihana Reports Mixed Results
• Integra Issues Senior Notes
• Earnings Preview: Research In Motion
• Bond Prices Weaken As Stocks Rebound
• Gold Completes An ABC Correction At A Support Cluster
• Monday Links
• Natural Gas Futures Tumble On Goldman Downgrade
• Forex – Dollar Broadly Lower As Trichet Comments Buoy Euro
• Crude Falls Below $98 On Saudi Production Reports
• Forex – GBP/USD Extends Gains As U.K. Inflation Data Awaited
• Forex – EUR/USD Hits Fresh Daily High After Trichet Remarks
• Stock Market Summary For Monday, June 13, 2011
• Gold Futures Extend Losses To Hit 7-day Low
• Tech Bubble Or Just Hot Air? You Be The Judge…
• BofA Shareholders, ‘How Long Can You Tread Water?’
• USD/JPY Respects Channel Resistance And Maintains Bearish Momentum
• Medical Manufacturing In The U.S. Is Alive And Well
• Forex – USD/CAD Eases Off Daily Low As Crude Oil Extends Losses
• Kiwi Slides In Overnight As Aftershocks Temper RBNZ Rate Hike Expectations
• Morning Market Brief
• Early Rebound For Equities Tips Dollar South
• NYFP’s This Week In Wall Street History
• Troubled AssetCo Confirms Takeover Talk Speculation

Morgan Stanley Sets Up JV In China Posted: 13 Jun 2011 09:55 AM PDT On Friday, Morgan Stanley (NYSE:MS) announced the launch of its joint venture (JV) with the Chinese securities firm China Fortune Securities Co., better known as Huaxin Securities Co. The new entity will be known as Morgan Stanley Huaxin Securities. In China, foreign banks need to form JVs with local companies in order to enter the emerging equity and debt markets. Morgan Stanley had received the approval for the JV from the China Securities Regulatory Commission (CSRC) in January. The company has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Rig Count Edges Higher Posted: 13 Jun 2011 09:55 AM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of oil rigs, almost offset by a fall in the natural gas and miscellaneous rig counts. In particular, there were more rigs drilling for oil than gas for the eighth week in a row as the companies look to capitalizing on soaring oil prices, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dr. Reddy’s Launches Generics In US Posted: 13 Jun 2011 09:55 AM PDT Dr. Reddy's Laboratories (NYSE:RDY) recently announced the launch of three generic products in the US. The company launched the generic versions of Pfizer Inc.'s (NYSE:PFE) anti-depressant, Effexor XR, Eisai Co. Ltd.'s Alzheimer's treatment, Aricept, and Novartis AG's (NYSE:NVS) breast cancer treatment, Femara. Dr Reddy's abbreviated new drug application (ANDA)  for the generic version of Effexor XR (venlafaxine hydrochloride extended release capsules; 37.5 mg, 75 mg and 150 mg), was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mexivada Option Strategy To Pay Off Over Next 12 Months Posted: 13 Jun 2011 09:35 AM PDT Steven Ralston, CFA Mexivada option strategy to pay off over next 12 months Mexivada (MNV.V: TSX-V and MXVDF) continues to proceed with exploration plans at many of its nine properties with positive news flow expected throughout 2011. But in particular, management's unique financial plan of optioning properties will bear fruit over the next 12 month with inflows of $500,000. In March, Mexivada amended the option agreements on its Ziggurat and Poker Flats properties in Nevada that require … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sigma Partners With Ilika Posted: 13 Jun 2011 09:35 AM PDT Aldrich Materials Science, part of  Sigma-Aldrich Corporation (NASDAQ:SIAL), has signed an agreement to collaborate on the scale-up and commercialization of hydrogen storage materials with Ilika plc, the Southampton, UK-based cleantech materials company. Both the companies believe that this collaboration will become an important component of the energy industry's efforts to develop consumer-friendly hydrogen storage materials for fuel cell and clean combustion technology. While many methods … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A.M. Best Rates Torchmark Stable Posted: 13 Jun 2011 09:35 AM PDT Last Friday, the rating agency A.M.Best affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) on Torchmark Corp. (TMK) and its subsidiaries. Torchmark’s subsidiaries have been conferred with FSR of “A+” and ICR of “aa-”, while Torchmark has been bestowed with an ICR of “a-”, along with its existing debt ratings. All the ratings hold a stable outlook. A.M.Best acknowledges Torchmark’s solid market presence as well as a broad product profile that offers annuities, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Opens 787 Assembly Plant Posted: 13 Jun 2011 09:35 AM PDT The Boeing Co. (NYSE:BA), on Friday, inaugurated its new 787 Dreamliner Final Assembly building in North Charleston, South Carolina. The company said that the building will help assemble the finest, most technologically advanced commercial widebody airplane in history. The new Final Assembly building features 642,720 square feet of covered space, roughly the equivalent of 10.5 football fields. More than 18,000 tons of steel and one million cubic feet of concrete were used in its construction. At … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 13 Jun 2011 09:18 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: 13 Jun 2011 09:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IMF Systems Hacked Posted: 13 Jun 2011 09:10 AM PDT The International Monetary Fund (IMF) is the latest victim of cyber crime, as reported by Bloomberg. The report highlighted a series of attacks on companies such as EMC Corp. (NYSE:EMC), Lockheed Martin Corp. (NYSE:LMT), Google Inc. (NASDAQ:GOOG), Sony Corp. (NYSE:SNE) and Citigroup Inc. (NYSE:C). Bloomberg reported that the data theft at IMF has been linked to a foreign government. Although IMF did not quantify the amount and significance of data stolen, security analysts believe that the attackers had broad … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eli Lilly Collaborates With Synthes Posted: 13 Jun 2011 09:10 AM PDT Eli Lilly and Company (NYSE:LLY) recently signed an exclusive worldwide collaboration agreement with medical device company, Synthes, Inc. Financial details of the agreement were not disclosed. Under the agreement, early stage compounds will be licensed from Eli Lilly to Synthes. These candidates, which have the potential to be used for the local treatment and regeneration of the skeleton, will be jointly developed for use within orthopedic trauma, spine, craniomaxillofacial and reconstructive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cabot Upgraded To Outperform Posted: 13 Jun 2011 09:10 AM PDT We have upgraded independent energy exploration and production company Cabot Oil and Gas (COG) to Outperform from Neutral, reflecting its attractive fundamentals and positive outlook. On the whole, we believe that Cabot's natural gas-weighted properties should help generate steady volume increases going forward, highlighting the growth momentum in the company's drilling efforts in the high-return Marcellus and Haynesville Shale plays. During the recently concluded first quarter, Cabot's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Natural Foods Divests Biz Posted: 13 Jun 2011 09:02 AM PDT United Natural Foods, Inc. (NASDAQ:UNFI) has signed an agreement to divest its non-foods and general merchandise lines of business to L&R Distributors, Inc., a leading national distributor of non-food products and general merchandise. This strategic transaction will allow UNFI to concentrate on its core business of distribution of natural, organic and specialty foods and products. UNFI entered the non-foods and general merchandise businesses, which includes cosmetics, seasonal products, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stress Tests: More Banks To Jog Posted: 13 Jun 2011 09:02 AM PDT The Federal Reserve requires more banks to submit their capital plans annually to prove their financial ability to confront another recession. The Federal Reserve will also hold the right to ban capital deployment activities of unsuccessful banks. This is part of Federal Reserve's effort to closely monitor capital ratios of banks and identify systematic risk in advance in order to avoid recurrence of the latest federal bailout program.   According to a proposal on Friday, the Federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DoJ Enlists Unisys For IT Services Posted: 13 Jun 2011 09:02 AM PDT Unisys Corporation (NYSE:UIS) recently received an IT services contract from the Department of Justice (DOJ) for a potential value of $1.1 billion. The company is among the 20 winners of the DOJ's Information Technology Support Services 4 (ITSS-4) contract. ITSS-4 has a seven-month base period with six one-year options. This is an indefinite delivery/indefinite quantity contract, allowing DOJ to fulfil its critical objectives related to law enforcement, with the help of Unisys' innovative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Serves Liquor In Portland Posted: 13 Jun 2011 09:02 AM PDT Portland's "KGW News Channel 8" reported that coffee giants like Starbucks Corporation are trying their hand at selling liquor to its customers in Portland. The Seattle-based company is coming up with a new store in Portland on June 13, 2011, where it will sell beer and wine after 2:00 pm. The store will be a new 2,300 square-foot store in the former Adidas retail space, in the Pearl District. Management at Starbucks disclosed that Portland is a great market for wine and beer. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Supports Bank Austria Posted: 13 Jun 2011 09:02 AM PDT International Business Machines Corp (NYSE:IBM) has entered in to a five-year services contract with Bank Austria in a bid to strengthen the latter's infrastructure and provide support for its incremental business. Bank Austria is a member of UniCredit Group. IBM is already the bank's hardware solutions provider and the new five-year contract will enable Bank Austria to be more competent and responsive to the infrastructural and customer needs. IBM's IT support and application services will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Micromet’s Blinatumomub Encourages Posted: 13 Jun 2011 09:02 AM PDT Micromet Inc. (NASDAQ:MITI) recently presented interim data from a mid-stage trial, which showed that its lead pipeline candidate, blinatumomab produced a high complete remission rate in patients suffering from relapsed acute lymphoblastic leukemia (ALL). The data were presented at European Hematology Association (EHA). Blinatumomub is a one of the leading BiTE antibodies. BiTE antibodies represent a new class of antibodies that activate the T-cells of a patient's immune system to eliminate cancer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Attention To Shift Back To US Fundamentals, Can USD Get A Boost? Posted: 13 Jun 2011 08:42 AM PDT This week will be an important test for the USD as we get important releases on US inflation, industrial production, retail sales and housing starts. What the market will be looking for will be whether the recent poor US data was part of a soft path in the early part of the 2Q brought about by higher commodity and energy prices, as well as the manufacturing slowdown as a result of shortages brought about by the earthquake in Japan and if those effects are starting to dissipate. Can Positive US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Respects 0.8645 Resistance; Swing Projection Targets Fresh Low At 0.8155 Posted: 13 Jun 2011 08:39 AM PDT USD/CHF Forms Cup and Handle After US Trade Balance (6/9) USD/CHF Short-Term to Medium-Term- The USD/CHF was in a cup and handle bottom last week. The market rallied, and resolved a bullish divergence with the RSI in the 4H chart. - The rally tested the 0.8463-0.8465 pivot and turned back down. The RSI barely cracked 60 and if it breaks back below 40, a bearish continuation is suggested. - The strong engulfing manner of the bearish 4H candle is also suggestive of the bearish continuation. - … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Semi Has Good Q4 Posted: 13 Jun 2011 08:27 AM PDT National Semiconductor Corporation's (NYSE:NSM) earnings for the fourth quarter ended May 2011 were 4 cents higher than the Zacks Consensus estimate of 27 cents. National's revenues were strong, despite the disaster in Japan, enabling the company to exceed the guidance provided on the last earnings call. As a result, the gross margin remained steady and operating margin actually improved slightly. Additionally, the tax rate was again lower, helping the company deliver numbers ahead of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LAN-TAM Merger Delayed Posted: 13 Jun 2011 08:27 AM PDT Chilean airline LAN Airlines S.A (NYSE:LFL) and TAM S.A. (NYSE:TAM) merger agreement is being delayed by Chilean antitrust review till early next year. It is expected that the Chilean authorities are likely to approve and give a go-ahead to the deal with some restrictions. Originally, the agreement proposed in August 2010, was expected to conclude by end 2011. In January 2011, both LAN Airlines and TAM approved and signed the binding agreement containing the definitive terms and conditions of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GD Wins U.S. Air Force Contract Posted: 13 Jun 2011 08:27 AM PDT General Dynamics Advanced Information Systems, a unit of General Dynamics Corporation (NYSE:GD) has been awarded a contract worth $7.8 million to develop an Open System Architecture ("OSA") common back-end digital processor. Through this contract, the U.S. Air Force intends to include radars, SIGINT sensors, electronic-warfare and communication systems for the entire family of Air Force radio frequency ("RF") electronic devices. According to the contract, General Dynamics will provide a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Travelers To Lower Share Buyback Posted: 13 Jun 2011 08:27 AM PDT The Travelers Companies Inc. (NYSE:TRV) estimates the bad weather in the months of April and May might cost the company between $1 billion to $1.05 billion. Several catastrophes including tornadoes and hail storms in the Midwest and Southeast added to the costs. Travelers, as a result has limited its share repurchase to below $250 million for the second quarter of 2011 and approximately $400 million in excess of operating income for the second half of 2010. The second quarter buyback will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Grubb & Ellis Divests Posted: 13 Jun 2011 08:27 AM PDT Grubb & Ellis Company (GBE) has recently announced the sale of all of its assets of its investment fund business, Alesco Global Advisors, to Lazard Asset Management LLC. The deal is subject to approval of the shareholders and the board and is expected to close by the third quarter 2011. Financial terms of the transaction were not disclosed. Grubb & Ellis had acquired a 51% stake in Alesco Global Advisors through its Daymark subsidiary. Alesco Global Advisors is a registered investment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weatherford Stays Neutral Posted: 13 Jun 2011 08:27 AM PDT We reiterate our Neutral recommendation on Weatherford International Ltd. (NYSE:WFT) following the first quarter of 2011 earnings miss. However, robust results in the company's North American segment keep us bullish on the same. Switzerland-based oilfield services' company, Weatherford's first quarter 2011 adjusted earnings missed our expectation largely due to lower-than-expected operating income across all the company's segments, excluding North America. However, the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Benihana Reports Mixed Results Posted: 13 Jun 2011 08:27 AM PDT Benihana Inc. (BNHN) reported earnings of 2 cents per share in fourth quarter 2011, which missed the Zacks Consensus Estimate of 16 cents and were also down 77.8% from the year-ago quarter’s earnings of 9 cents. The decline in earnings was due to a rise in stock-based compensation expenses.  However, the leading operator of Japanese restaurants in the U.S posted a 5.1% year-over-year increase in total revenue to $81.8 million. The total revenue benefited from the improved comparable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Integra Issues Senior Notes Posted: 13 Jun 2011 08:27 AM PDT Medical devices maker, Integra LifeScience Holdings (NASDAQ:IART) recently announced a private offering of senior notes worth $200 million bearing semi-annual interest rate of 1.625%. The notes are expected to have an initial conversion rate of 17.4092 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $57.44 per share), subject to adjustments. Integra will also provide a 30-day allotment option of purchasing up to an additional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Research In Motion Posted: 13 Jun 2011 08:27 AM PDT Research In Motion Ltd.(NASDAQ:RIMM) is slated to release its first quarter 2012 results on Thursday, June 16, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at $1.32, representing an annualized growth of negative 4.07%. With respect to earnings surprise over the trailing four quarters, Research In Motion has outperformed the Zacks Consensus Estimate in all the four quarters The average earnings surprise was a positive 4.74%, implying that the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bond Prices Weaken As Stocks Rebound Posted: 13 Jun 2011 08:20 AM PDT Deal news sparked a Monday morning rebound for equities and stole the limelight from the recent surge in bond prices. Yields rose to start a week that delivers key inflation reports as well as a report showing how the consumer is faring in light of high energy and food costs. Meanwhile European tensions drove peripheral bond yields ever-higher ahead of a meeting between leaders with little sign of a stand down from neither German nor ECB officials over an approach to Greece. European bond … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Completes An ABC Correction At A Support Cluster Posted: 13 Jun 2011 08:03 AM PDT Gold is Testing Channel Support (6/8) Gold (XAU/USD) Short-term - Gold broke below a channel support in a move of consolidation. The decline so far has 3-waves, or 2 downswings. This ABC correction now lands at the 38.2% retracement of the rally from 1471.75 to 1553.45. - This is also coincident with the 200-simple-moving-average, and is in a pivot zone where we see a lot of support and resistance. - In the 1H chart we see that the C wave looks to be in a 5-wave decline, and is in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monday Links Posted: 13 Jun 2011 07:56 AM PDT 1. “Facebook Sees Big Traffic Drops in US and Canada as It Nears 700 Million Users Worldwide.” 2. Banking in Africa via a cellphone and a shack. 3. Chinese food delivery in Manhattan goes from the bicycle to illegal battery-powered bikes. (HT: Dan Greller) 4. Interactive state map for 2010 GDP growth at Economix. 5. Steven Landsburg on a “miracle of the marketplace”: the Apple iPhone. (HT: Lee Coppock) 6. Markets NOT in Everything: Raw … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Tumble On Goldman Downgrade Posted: 13 Jun 2011 07:55 AM PDT Forex Pros – Natural gas futures fell sharply on Monday, dropping to a two-day low after Goldman Sachs said the fuel&rsquo;s recent rally was &ldquo;unsustainable&rdquo; and recommended investors sell their positions. <br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.663 per million British thermal units during U.S. morning trade, tumbling 1.9%. <br /><br />It earlier fell by as much as 2.5% to trade at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower As Trichet Comments Buoy Euro Posted: 13 Jun 2011 07:48 AM PDT Forex Pros – The U.S. dollar was broadly lower against its major counterparts in thin trade on Monday, while the euro was boosted after remarks by European Central Bank President Jean-Claude Trichet.<br /><br />During early U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.29% to hit 1.4389.<br /><br />Earlier in the day, Trichet said oil and commodity prices have boosted inflation and the ECB must stop second-round effects on wages and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Falls Below $98 On Saudi Production Reports Posted: 13 Jun 2011 07:45 AM PDT 06/13/11 Front month crude prices touched levels below $98 today after reports surfaced that Saudi Arabia plans to boost its crude production by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Gains As U.K. Inflation Data Awaited Posted: 13 Jun 2011 07:40 AM PDT Forex Pros – The pound extended gains against the U.S. dollar in thin trade on Monday, rising to a fresh daily high as investors awaited the release of data on Tuesday, which was expected to show that U.K. inflation has remained above target.<br /><br />GBP/USD hit 1.6344 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.6328, gaining 0.62%.<br /><br />Cable was likely to find support at 1.6130, the low of May 25 and resistance at 1.6382, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits Fresh Daily High After Trichet Remarks Posted: 13 Jun 2011 07:33 AM PDT Forex Pros – The euro extended gains against the U.S. dollar on Monday, climbing to a fresh daily high, following remarks on inflation by European Central Bank President Jean-Claude Trichet.<br /><br />EUR/USD hit 1.4403 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.4398, climbing 0.35%.<br /><br />The pair was likely to find support at 1.4256, the low of May 30 and resistance at 1.4550, last Friday&rsquo;s high.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Monday, June 13, 2011 Posted: 13 Jun 2011 07:31 AM PDT Volatility Index (VIX) is bouncing back and forth above/below its 200-day moving average.  The 19 area just doesn’t seem like a level to indicate there is enough fear in the market. S&P 500 trading right at 1,276 level.  On Friday this was the support level.  Right now it is the resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Extend Losses To Hit 7-day Low Posted: 13 Jun 2011 07:19 AM PDT Forex Pros – Gold futures extended losses on Monday, slumping to a seven-day low as a sharp decline in crude oil prices eased concerns over oil-led inflation, reducing 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 USD1,526.95 a troy ounce during U.S. morning trade, shedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tech Bubble Or Just Hot Air? You Be The Judge… Posted: 13 Jun 2011 07:14 AM PDT Tech Bubble or Just Hot Air? You Be the Judge… by Alexander Green, Investment U's Chief Investment Strategist Monday, June 13, 2011: Issue #1533 There's a lot of talk on the Street right now about a new "bubble" in tech stocks. If you're talking about social network stocks, this may be true. Is there anyone out there who hasn't heard how LinkedIn (LNKD) doubled right out of the gate after its IPO last month? But this euphoria has hardly spread to the rest of the sector. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Shareholders, ‘How Long Can You Tread Water?’ Posted: 13 Jun 2011 07:03 AM PDT What did the Lord say to Noah? The same thing that Bank of America CEO Brian Moynihan might now be saying to his shareholders. That is, 'how long can you tread water?' Bank of America's stock is down approximately 25% on the year and close to 35% over the last twelve months. While it has doubled from the Armageddon lows seen in 2008, the stock has fully retraced any moves higher since early 2009.   (The graph of Bank of America below is sourced from Market Watch and covers the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Respects Channel Resistance And Maintains Bearish Momentum Posted: 13 Jun 2011 07:00 AM PDT US Dollar Bounces Back after Pause in Recovery (6/10 Video) USD/JPY Short-Term- The USD/JPY was in a second rally swing from 79.65, until it came close to the 80.70 pivot, which was support in the latter part of May. - A channel resistance was coincident and the market maintained the bearish momentum as the RSI reading is kept below 60. - A bearish attempt that breaks below 80.00, opens up the 79.65 pivot. A break below this opens up the next bearish targets at about 77.95 (78.% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medical Manufacturing In The U.S. Is Alive And Well Posted: 13 Jun 2011 06:56 AM PDT “Made in the USA”: The Continuous Flow Heart Pump NPR featured a story this morning titled “Heart With No Beat Offers Hope Of New Lease On Life” about new technological breakthroughs in the U.S. for artificial hearts.  Several specialists at the Texas Heart Institute have developed a continuous-flow heart pump that should last longer than other artificial hearts and cause fewer problems (see photo above).  This development represents a departure from the traditional research in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Eases Off Daily Low As Crude Oil Extends Losses Posted: 13 Jun 2011 06:40 AM PDT Forex Pros – The U.S. dollar retreated from the session low against its Canadian counterpart on Monday, as crude oil, Canada&rsquo;s largest export, extended losses amid concerns over a slowdown in global demand.<br /><br />USD/CAD bounced off 0.9751, the daily low, to hit 0.9781 during early U.S. trade, shedding 0.23%. <br /><br />The pair was likely to find support at 0.9710, Friday&rsquo;s low and a seven-day and resistance at 0.9811, the high of June 9. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kiwi Slides In Overnight As Aftershocks Temper RBNZ Rate Hike Expectations Posted: 13 Jun 2011 06:30 AM PDT The New Zealand Dollar plummeted in the Asian and European sessions as a 5.5 magnitude earthquake aftershock in the area around Christchurch, New Zealand, the same city affected by a 6.3 magnitude earthquake in February, may give Reserve Bank of New Zealand Governor Alan Bollard the evidence he needs to maintain the key interest rate at 2.50 percent until 2012. Kiwi-Franc 1-minute Chart: June 13, 2011 Charts created using Strategy Trader– Prepared by Christopher Vecchio While the aftershocks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 13 Jun 2011 01:10 AM PDT 06/13/11 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

Early Rebound For Equities Tips Dollar South Posted: 13 Jun 2011 05:53 AM PDT A moderate rebound in risk appetite is eating into the dollar's recent gains in fairly directionless trading at the outset of a new trading week. The data-free calendar has investors searching for direction leaving them focused on the apparent gridlock between European lawmakers over Greece. In Japan the Bank of Japan is increasingly expected to announce a new set of stimulus measures at the end of a two-day meeting on Tuesday. Euro – Division amongst lawmakers earlier weighed on the single … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYFP’s This Week In Wall Street History Posted: 13 Jun 2011 12:15 AM PDT 06/13/11 In this installment of NYFP presents This Week in Wall Street History, we look into the history of American automaker giant Ford and the effect it’s automaking process has had on American culture and the American … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Troubled AssetCo Confirms Takeover Talk Speculation Posted: 13 Jun 2011 01:58 AM PDT AssetCo (LON:ASTO), the outsourced fire and rescue services business that has spent much of 2011 trying to avoid financial meltdown, is back in talks over a possible takeover. AssetCo has been involved in intermittent talks over a potential deal for several months but this morning confirmed that it was in discussions with "a number of parties". It emphasised that whilst talks were at a developed stage, due diligence had not been completed and there was no certainty that any of the parties … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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