DailyMarkets.com - MTG Downgraded To Neutral

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• MTG Downgraded To Neutral
• Berkley Forms New Unit
• Housing: Past And Future
• Earnings Preview: Apollo Group
• Lockheed Supports Army In Training
• Meredith Adds Revenue Channels
• DISH Network Almost Bags TerreStar
• Shell’s FLNG Breakthrough
• NCR Selected By ABECU (revised)
• Neutral Again On CEMIG
• Momentum Stock: Men's Wearhouse, Inc.
• Intuit Snaps Up Mobile Money Assets
• Akamai Expands In CEE
• Walgreen With Web Pickup At Chicago
• MeadWestvaco Builds New Boiler
• Forex Trading: EURUSD Steps Higher. Watching The Retracement At 1.4359
• Natural Gas Rallies To 4-day High On Warm Weather Outlook
• Forex – Dollar Down Vs. Rivals As Euro Rallies Ahead Of Greece Vote
• Word From The Floor: US Stocks Higher On Greek Expectations
• Bill Cohan: Wall Street’s “Sins Of Omission Were Criminal In Nature”
• Forex – GBP/USD Off Five-month Low, Tracking Euro Higher
• US Housing, Consumer Confidence, And Manufacturing Data Weak To Mixed
• Forex Trading: GBPUSD Moves Back Above 200 Day MA At 1.6033 But 1.6044 Resistance Close Behind
• Gold Futures Advance Amid Ongoing Greece Fears
• Forex Trading: EURUSD Pushes Through Ceiling. Ignites The Stops. 1.4383 Next Target
• Forex Trading: USD/CHF Hits New All-Time Low, Continues Bearish Trend
• Forex – EUR/USD Hits Fresh 4-day High After Trichet Remarks
• USD/CHF Wedges Out New Record Lows At 0.83
• Stalking The AUD/USD Correction Rally In A Flag Pattern
• Morning Market Brief
• Jardine Lloyd Thompson Targets Latin America Expansion With Alta Acquisition
• Music Festivals Cheers AIM Listing

MTG Downgraded To Neutral Posted: 28 Jun 2011 10:05 AM PDT We are downgrading our recommendation on the shares of MGIC Investment Corp. (MTG) to Neutral from Outperform, following the company's first quarter 2011 results, which missed the earnings guidance due to higher paid losses, lower rescission and increased claims. For the past couple of years, MGIC has been hit hard by the deterioration in mortgage and housing markets. However, the gradual improvement in residential mortgage markets is expected to lead the company to profitability. MGIC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkley Forms New Unit Posted: 28 Jun 2011 10:05 AM PDT Last week, property and casualty insurer W.R. Berkley Corp.(NYSE:WRB) announced the formation of a new unit called Berkley Technology Underwriters, LLC with headquarters in Minneapolis, Minnesota. The new company will act as a leading provider of insurance solutions for small and mid-sized technology businesses by underwriting casualty and property, professional liability insurance for them. Matthew A. Mueller, carrying an experience of more than 30 years in the property and casualty insurance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Housing: Past And Future Posted: 28 Jun 2011 10:05 AM PDT I recently came across this piece written by Larry Kudlow, the host of two shows on CNBC. It is from June 20, 2005: "Homebuilders led the stock parade this week with a fantastic 11 percent gain. This is a group that hedge funds and bubbleheads love to hate. All the bond bears have been dead wrong in predicting sky-high mortgage rates. So have all the bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy, and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Apollo Group Posted: 28 Jun 2011 09:35 AM PDT Apollo Group Inc. (NASDAQ:APOL), one of the world’s largest private education providers, is scheduled to report its third-quarter financial results after the close of market on June 30, 2011. The current Zacks Consensus Estimate for the quarter is earnings of $1.34 a share. For the quarter under review, revenue is $1,202.0 million, according to the Zacks Consensus Estimate. Second-Quarter 2011, Summary Apollo Group’s posted earnings of 83 cents per share for the second-quarter of fiscal 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Supports Army In Training Posted: 28 Jun 2011 09:05 AM PDT Lockheed Martin Corporation (NYSE:LMT) received a contract from the U.S. Army to provide necessary support to the soldiers in the U.S. and overseas with operations planning, training and logistics to ensure mission readiness. Per the new contract, Operations, Planning, Training, and Resource Support Services (OPTARSS II), Lockheed is called upon to perform certain services. The company will support flight operation, which includes the airfields and the unmanned aerial vehicles. The company is also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meredith Adds Revenue Channels Posted: 28 Jun 2011 09:05 AM PDT Meredith Corporation (NYSE:MDP) has been working diligently to explore and include alternative revenue generating opportunities for reducing its dependence on traditional advertising through acquisitions or by entering into strategic alliances. Following its expansion strategy, Meredith in a recent move announced the acquisition of EatingWell Media Group and launched Recipe.com.  However, the terms of the deal were not disclosed. EatingWell brings in an award-winning magazine with 350,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH Network Almost Bags TerreStar Posted: 28 Jun 2011 09:05 AM PDT DISH Network Corp. (NASDAQ:DISH), the second largest satellite TV operator in the U.S., is all set to acquire currently bankrupt TerreStar Networks Inc., which offers wireless services over a satellite network. TerreStar is at present up for sale after it filed for bankruptcy protection in last October with more than $1 billion in debt. Earlier this month, DISH Network has made a cash offer of $1.375 billion for TerreStar. On June 21, 2011, the U.S. bankruptcy court in Manhattan has announced DISH … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shell’s FLNG Breakthrough Posted: 28 Jun 2011 09:00 AM PDT Shell's FLNG Breakthrough by Tony D'Altorio, Investment U Research Tuesday, June 28, 2011 Most Investment U readers are aware of a new technology, developed in the United States, that's transforming the global natural gas industry. New technology that has made natural gas located in difficult areas economical to extract. And has resulted in a glut of natural gas in the United States along with sharply lower prices over the past two years. Now, as pointed out by my IU colleauge David … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Selected By ABECU (revised) Posted: 28 Jun 2011 08:32 AM PDT NCR Corporation (NYSE:NCR), a leading technology and solutions provider for the retail and financial services industry, has recently won a contract from Anheuser-Busch Employees’ Credit Union (ABECU). The company has deployed NCR's APTRA eMarketing cross-channel marketing software, delivering personalized and relevant marketing to members online and through email. ABECU effectively utilized APTRA eMarketing to efficiently communicate with its members across multiple channels. The application … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral Again On CEMIG Posted: 28 Jun 2011 08:32 AM PDT We recently maintained a Neutral recommendation on Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, one of the largest integrated electric utilities in Brazil. The company has more than 6,896 megawatts of installed generation capacity. With the global economy reviving from the recent crisis, economic growth in emerging countries is noticeable. Brazil, for instance, is one country that stands at an advantageous position making huge investments in infrastructure and power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Men's Wearhouse, Inc. Posted: 28 Jun 2011 08:20 AM PDT Men’s Wearhouse, Inc. (NYSE:MW) continues to trade strong in the volatile market, recently hitting a new 52-week high after on a solid 8% Q1 earnings surprise. With estimates jumping on the good quarter and a bullish growth projection, this Zacks #1 rank stock is well suited for momentum. Company Description Men’s Wearhouse, Inc. operates as a specialty retailer of mens suits in the United States and Canada. The company was founded in 1974 and has a market cap of $1.7 billion. With consumers still … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intuit Snaps Up Mobile Money Assets Posted: 28 Jun 2011 08:20 AM PDT Business and financial management solutions provider, Intuit Inc. (NASDAQ:INTU) recently announced the acquisition of the Web banking technology assets of Mobile Money Ventures, a mobile financial solutions provider, for an undisclosed amount. This acquisition is expected to position Intuit as the largest online and mobile technology provider to financial institutions and will enable the company to directly manage customer support and gain full control over the design of its mobile Web banking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Akamai Expands In CEE Posted: 28 Jun 2011 08:20 AM PDT Akamai Technologies Inc. (AKAM) is set to expand its presence in Central and Eastern Europe (CEE). The company will extend its services to five countries in the region namely Czech Republic, Hungary, Poland, Romania and Slovakia. Akamai will also open a branch office in Krakow, Poland to support its CEE customers. Akamai is expected to benefit from the huge demand in the region. According to research firm, Forrester, the CEE region is estimated to reach overall Internet adoption rates of 54% by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen With Web Pickup At Chicago Posted: 28 Jun 2011 08:20 AM PDT Leading retail pharmacy chain Walgreen Co. (NYSE:WAG) has recently undertaken an innovative initiative to enhance its sales and distribution by launching Web Pickup service across Chicago. The program will enable customers to shop online at Walgreens.com and pick up the placed orders at the Walgreen stores within an hour. The non-prescription items will be available online through the service. The service is already available at 27 Walgreen stores in California. However, the company has chosen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MeadWestvaco Builds New Boiler Posted: 28 Jun 2011 08:20 AM PDT MeadWestvaco Corporation (NYSE:MWV) recently announced its plan to invest $285 million for building a new state-of-the-art biomass boiler and upgrading the power infrastructure associated with it at its Covington, Virginia, facility. This strategic investment not only improves the profitability of the company but also sharpens its competitive edge in providing high quality paper board packaging for the food, healthcare and tobacco markets across the globe. Besides, the upgrade of power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Steps Higher. Watching The Retracement At 1.4359 Posted: 28 Jun 2011 08:02 AM PDT The first trend move of the EURUSD corrected 38.2% of the leg and started a second leg higher.  Now the 2nd leg is testing the 38.2% of its move. Traders who are long from below, should be watching the 1.4359 level for clues on whether the trend will continue or, is the high at 1.4396 good enough.  If the price can hold the level, a move back higher could be in the cards. If the price moves below the 38.2%, there should be some selling interest with more selling below the 50% at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Rallies To 4-day High On Warm Weather Outlook Posted: 28 Jun 2011 08:01 AM PDT Forex Pros – pros &ndash; Natural gas futures were up on Tuesday, jumping to a four-day high as significantly warmer-than-normal weather in most parts of the U.S. next week boosted demand expectations for the fuel.<br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.357 per million British thermal units during U.S. morning trade, jumping 1.75%. <br /><br />It earlier rose as much as 1.85% to trade at USD4.364 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Down Vs. Rivals As Euro Rallies Ahead Of Greece Vote Posted: 28 Jun 2011 07:58 AM PDT Forex Pros – pros &ndash; The U.S. dollar was down against all of its major counterparts in volatile trade on Tuesday, as the euro rebounded following remarks by European Central Bank President Jean-Claude Trichet.<br /><br />During early U.S. trade, the greenback was down against the euro, with EUR/USD climbing 0.56% to hit 1.4368.<br /><br />Earlier in the day, Trichet said the ECB was in &ldquo;strong vigilance mode,&rdquo; signaling a possible rate hike … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Higher On Greek Expectations Posted: 28 Jun 2011 07:55 AM PDT 06/28/11 Wall Street opened in positive territory, on optimism for the passage of Greek austerity measures. US economic data came in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bill Cohan: Wall Street’s “Sins Of Omission Were Criminal In Nature” Posted: 28 Jun 2011 07:52 AM PDT While America clearly needs real change in terms of how our financial and political systems operate and interact, regrettably once again we suffer from the fact that, "the more things change, the more they stay the same." We hear plenty from Tim Geithner, Mary Schapiro, and Jamie Dimon. We really need to hear more from Sheila Bair (highlighted this morning at Sense on Cents), Gary Aguirre, and Bill Cohan. While regular readers of Sense on Cents may be familiar with Bair and Aguirre, Cohan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Off Five-month Low, Tracking Euro Higher Posted: 28 Jun 2011 07:46 AM PDT Forex Pros – pros &ndash; The pound erased losses against the U.S. dollar on Tuesday, rebounding from a five-month low and tracking the euro higher, ahead of a key Greek parliamentary vote on austerity measures needed to avert a sovereign default.<br /><br />GBP/USD rebounded from 1.5910, the pair&rsquo;s lowest since January 31, to hit 1.6034 during early U.S. trade, advancing 0.28%.<br /><br />Cable was likely to find support at 1.5819, the low of January 31 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Housing, Consumer Confidence, And Manufacturing Data Weak To Mixed Posted: 28 Jun 2011 07:43 AM PDT US data today showed a mixed bag in that housing prices continues to show larger annual price drops in April, consumer confidence fell back during June, while the Richmond Fed manufacturing Index came close to forecasts, rebounding back into positive territory. The fundamental data may not have mattered all that much considering US stocks opened stronger for a second straight session, on the prospect of a resolution in Greece that will help keep the country out of defaulting, and which has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Moves Back Above 200 Day MA At 1.6033 But 1.6044 Resistance Close Behind Posted: 28 Jun 2011 07:41 AM PDT The GBPUSD has moved above the key 200 day MA at the 1.6033 level (green line in the chart above) but has resistance close behind at the 1.6044 level. The midpoint of the move up from the late December 2010 low to the April high comes in at that level. ON the hourly chart (see below) the 38.2% of the move down from the June 22nd high to the low today comes in at the 1.6044 level as well . Finally, the high on June 24th (Friday) reached 1.6045.  Traders long from below, should be enticed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Advance Amid Ongoing Greece Fears Posted: 28 Jun 2011 07:32 AM PDT Forex Pros – pros &ndash; Gold futures advanced on Tuesday, rising above the psychologically important USD1,500 an ounce level, as the safe haven appeal of the precious metal was boosted ahead of a key parliamentary vote on austerity measures in Greece on Wednesday.&nbsp;&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,501.35 a troy ounce during U.S. morning trade, adding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Pushes Through Ceiling. Ignites The Stops. 1.4383 Next Target Posted: 28 Jun 2011 07:25 AM PDT The EURUSD moved through the 1.4327 ceiling and this ignited a move to the upside. The move has reached a high of 1.4368 so far. The next target is the 1.4383 where the midpoint of the June range is found (see chart below). A move above that level targets last weeks high at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF Hits New All-Time Low, Continues Bearish Trend Posted: 28 Jun 2011 07:25 AM PDT USD/CHF (daily chart) as of Tuesday (6/28/2011) has hit a new all-time low, breaking down below the previous all-time low of 0.8325 that was just hit in early June. Having dipped below the 0.8300 figure, price action has tentatively confirmed a continuation of the entrenched long-term bearish trend that has been in place for a little over a year now, since the June 2010 high. This bearish trend has displayed very technical characteristics, with regular trend moves to the downside that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits Fresh 4-day High After Trichet Remarks Posted: 28 Jun 2011 07:25 AM PDT Forex Pros – pros &ndash; The euro erased losses against the U.S. dollar on Tuesday, rising to hit a four-day high after European Central Bank President Jean-Claude Trichet said the bank was in &ldquo;strong vigilance mode,&rdquo; signaling a possible rate hike next week.<br /><br />EUR/USD clawed back up from 1.4238, the daily low, to hit 1.4368 during early U.S. trade, gaining 0.57%.<br /><br />The pair was likely to find support at 1.4101, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Wedges Out New Record Lows At 0.83 Posted: 28 Jun 2011 06:39 AM PDT USD/CHF Ends Week Maintaining Short-term Bullish Momentum (6/17) USD/CHF Short-Term to Medium-Term- The USD/CHF continues to make fresh record lows. The 4H chart shows the market declining in another wedge manner. It has been declining in such patterns such as the one at the end of May. - The current record low now created in the US session is 0.8303. - Channeling down in the daily chart, we see a swing projection towards 0.8155. The outlook should probably be a bit conservative because … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stalking The AUD/USD Correction Rally In A Flag Pattern Posted: 28 Jun 2011 06:21 AM PDT Commodity Currencies This Week (6/26 Video) AUD/USD - The AUD/USD is in a cup and handle reversal from the 1.0410 lows. - Market is crossing 38.2% retracement. The current correctional rally has more upside risk towards 1.0525 area, 61.8% retracement. Note the 200SMA is above that. - The correction is now taking shape in a channel, and might represent a large flag pattern or some wedge pattern when done. - For the bearish continuation, look for a break below 1.0450, then look for a failure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 28 Jun 2011 01:15 AM PDT 06/28/11 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

Jardine Lloyd Thompson Targets Latin America Expansion With Alta Acquisition Posted: 28 Jun 2011 02:48 AM PDT Jardine Lloyd Thompson (LON:JLT) , the international group of risk specialists and employee benefits consultants, has moved to bolster its position in the important Latin American market by signing a heads of agreement to acquire an initial 50.1% interest in the share capital of Alta SA. The deal includes an option to acquire a further 25% in 2020. Alta is the holding company of Orbital Corredores de Seguros, the fourth largest insurance broker in Chile, and Alta Re, a reinsurance broker which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Music Festivals Cheers AIM Listing Posted: 28 Jun 2011 01:50 AM PDT As the organisers of last weekend's Glastonbury festival begin clearing the rubbish left behind by 177,000 revellers at Worthy Farm in Somerset, another live music business is eyeing the chance to clean up in the burgeoning festivals industry. Vince Power, the live music entrepreneur who founded the successful Mean Fiddler Music Group plc, has brought Music Festivals plc to the Alternative Investment Market. The business is starting with two festivals, one in Spain and the other in England, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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