DailyMarkets.com - Silver: Value Buy

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• Silver: Value Buy
• Forex – USD/CAD Down In U.S. Trade
• NuStar, Velocity In Eagle Ford Deal
• Metlife To Add Turkish Unit
• Raytheon Builds Alabama Unit
• PerkinElmer To Outperform
• Earnings Preview: Monsanto
• Forex – EUR/USD Up In U.S. Trading Hours
• CF Restarts Nitrogen Plant
• Nike Beats, US & China Outshine
• Medco Aids Sanofi-Aventis Study
• Medco Aids Sanofi-Aventis Study
• 6th Circuit Rejects HCP Appeal
• Boeing 787 Testing In Homestretch
• SNH Mulls Equity Offer
• Oil Rig Count Tops 1000
• Investor Targets Monster Gains In Hansen Options…again
• Hot Option Plays: New XPOUND
• Forex – AUD/USD Up In U.S. Trade
• 2-Year US Yields Shoot Higher Today, USD/JPY Climbs As A Result
• Stanley To Acquire Niscayah
• Security — Top Priority In 2011
• A Dozen California Pizza Kitchens In Mexico
• Delta Sees Solid Rev In Q2
• Ford Reaches A Crossroads
• Forex – NZD/USD Up During The U.S. Session
• “A Traders’ Market…volume Is Light”
• WFSL Authorizes Share Buyback
• Good News: Home Prices Mixed
• TreeHouse Cuts Fiscal 2011 Guidance
• Forex Trading: USDJPY Breaking Above 18 Day High. June Range Still Narrow.
• Euro Rises On Austerity Hopes, Dollar Declines
• European Markets Close Higher; Dax Up 0.96%
• Hopes For Athens Vote Dulls Appetite For Bonds
• Updating Intraday TICK Extremes For Intraday Traders
• Crude Rises On Dollar Weakness, Austerity Hopes

Silver: Value Buy Posted: 28 Jun 2011 12:17 PM PDT By Raghu Gullapalli, contributing writer ,  as originally published on Minyanville Value investors, such as Warren Buffet, William O'Neil and Jordan Kimmel are all big proponents of the idea of buying low and selling high. All these extremely experienced investors also look at historical patterns and are always on the hunt for bargains. Or as traders refer to it, "buying into a pullback." Since its ballistic drive up in late April to create new historic highs, silver has plummeted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 28 Jun 2011 12:12 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.<br/><br/> USD/CAD was trading at 0.9823, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 0.9714, Thursday&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NuStar, Velocity In Eagle Ford Deal Posted: 28 Jun 2011 12:01 PM PDT A unit of San Antonio-based partnership NuStar Energy L.P. (NS) has signed a letter of intent with an Oklahoma firm – Velocity Midstream Partners – to construct a pipeline system that will carry west Eagle Ford shale oil products from Velocity’s Gardendale hub to NuStar’s terminal facility in North Beach Corpus Christi, Texas.  As per the deal between NuStar Logistics L.P. and Velocity, the later will develop and operate the new 70-mile, 12-inch diameter pipeline with a capacity to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Metlife To Add Turkish Unit Posted: 28 Jun 2011 12:01 PM PDT According to media reports, Dexia SA will vend Deniz Emeklilik & Hayat AS, the insurance unit of Denizbank AS, Dexia's bank in Turkey to Metlife Inc. (NYSE:MET) for €161.9 million. Concurrently, France's AXA is negotiating the distribution of property and casualty insurance on behalf of Deniz Bank. MetLife has grown its core businesses while successfully executing its growth strategy that also includes acquisitions, mergers, divestitures and alliances. The company has also been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Builds Alabama Unit Posted: 28 Jun 2011 12:01 PM PDT The Missile System unit of Raytheon Company (NYSE:RTN) yesterday started construction of an all-up-round Standard Missile production facility in Huntsville, Alabama. The construction will come up on the U.S. Army’s Redstone Arsenal site. Raytheon said it will construct the 70,000 square-foot production facility in two phases; each phase will be tied to SM-3 and SM-6 production contracts. Raytheon’s SM-3 is the centerpiece of the nation’s new missile defense strategy in Europe, and SM-6 will give … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PerkinElmer To Outperform Posted: 28 Jun 2011 12:01 PM PDT We upgrade our rating on PerkinElmer (NYSE:PKI) to Outperform based on solid results and benefits accruing from extensive reorganization. First-quarter 2011 earnings per share of 34 cents surpassed the Zacks Consensus Estimate of 30 cents. Revenues from continuing operations came in at $447.9 million, also sailing past the Zacks Consensus Estimate. PerkinElmer is a leader in several life science segments and it has added new related areas as part of its reorganization while divesting unrelated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Monsanto Posted: 28 Jun 2011 12:01 PM PDT Agricultural product major Monsanto Company (NYSE:MON) will unveil its third- quarter earnings on Wednesday, June 29, 2011. The company will be an attractive stock to watch, as it has been in turnaround mode.  The third quarter 2011 Zacks Consensus Estimate for earnings per share (EPS) is $1.11, representing annualized growth of 36.54%.  With respect to earnings surprises, over the trailing four quarters, MON outperformed the Zacks Consensus Estimate in three quarters, while lagging … [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: 28 Jun 2011 11:45 AM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.<br/><br/> EUR/USD was trading at 1.4362, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4397, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CF Restarts Nitrogen Plant Posted: 28 Jun 2011 11:35 AM PDT Fertilizer maker CF Industries Holdings, Inc. (NYSE:CF) announced that it has resumed production at its Port Neal nitrogen complex which is located in Sergeant Bluff, Iowa, near Sioux City on the Missouri River.  The company had temporarily suspended production at the facility a few weeks back due to rising water levels near the plant. The company announced that it can restart the plant, and it has begun the process to bring it back on line. The company will continue monitoring the situation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nike Beats, US & China Outshine Posted: 28 Jun 2011 11:35 AM PDT Nike Inc. (NYSE:NKE) posted strong fiscal 2011 fourth-quarter earnings of $1.24 per share, up 17.0% from the year-ago earnings of $1.06 per share, handily beating the Zacks Consensus Estimate of $1.16 per share. Strong quarterly growth in revenue coupled with lower selling, general and advertisement expenses as a percentage of revenue drive the company to post a record fourth-quarter 2011 earnings. Quarterly Details Despite macroeconomic headwinds, Nike’s total revenue grew 14.0% to $5,766.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medco Aids Sanofi-Aventis Study Posted: 28 Jun 2011 11:35 AM PDT Medco Health Solutions (NYSE:MHS) and its subsidiary United BioSource Corporation (UBC) have entered into a multi-year agreement with leading pharmaceutical company Sanofi-Aventis (NYSE:SNY). Under the agreement, Medco would provide real-world evidence assessments during the product's development by Sanofi-Aventis. Financial terms of the deal were not disclosed. Following this agreement, Sanofi-Aventis would be better placed to identify patients with huge unmet medical needs. Furthermore, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medco Aids Sanofi-Aventis Study Posted: 28 Jun 2011 11:35 AM PDT Medco Health Solutions (NYSE:MHS) and its subsidiary United BioSource Corporation (UBC) have entered into a multi-year agreement with leading pharmaceutical company Sanofi-Aventis (NYSE:SNY). Under the agreement, Medco would provide real-world evidence assessments during the product's development by Sanofi-Aventis. Financial terms of the deal were not disclosed. Following this agreement, Sanofi-Aventis would be better placed to identify patients with huge unmet medical needs. Furthermore, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

6th Circuit Rejects HCP Appeal Posted: 28 Jun 2011 11:35 AM PDT The United States Court of Appeals for the Sixth Circuit has rejected a rehearing petition of HCP Inc. (NYSE:HCP), a leading healthcare real estate investment trust (REIT), against its favorable decision awarded to Ventas Inc. (NYSE:VTR). The court had earlier unanimously ruled in favor of Ventas and affirmed a 2009 jury verdict that awarded it a $101.6 million in damages. The verdict relates to the lawsuit filed by Ventas regarding the 'Tortious Interference' by HCP with business expectation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing 787 Testing In Homestretch Posted: 28 Jun 2011 11:35 AM PDT Aerospace giant The Boeing Co. (NYSE:BA) began the Function & Reliability (F&R) testing and extended operations (ETOPS) on its much-awaited 787 Dreamliner before it receives necessary certification for delivery to its launch customer. These two tests will check the capability of the 787 Dreamliner in hazardous flying conditions. In the F&R test the aircraft will go through certain simulated normal and abnormal operations in a realistic airline-like flight environment, while ETOPS … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SNH Mulls Equity Offer Posted: 28 Jun 2011 11:35 AM PDT Senior Housing Properties Trust (NYSE:SNH), a real estate investment trust (REIT) which primarily owns private pay senior living communities and medical office buildings across the U.S., has recently announced its decision to issue 6.5 million shares to repay its debt. The company will also grant the underwriters an option to purchase an additional 1.0 million shares to cover any over-allotments. Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE:JEF); … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Rig Count Tops 1000 Posted: 28 Jun 2011 11:35 AM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a 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. The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NYSE:NE), Nabors Industries (NYSE:NBR), Patterson-UTI Energy (NASDAQ:PTEN) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investor Targets Monster Gains In Hansen Options…again Posted: 28 Jun 2011 11:19 AM PDT Investor targets Monster gains in Hansen options…again Today's tickers: HANS, SPRD, MR & APO (NASDAQ:HANS) – Hansen Natural Corp. – The maker of brand name energy drink Monster® and other beverages popped up on our scanners this morning due to heavy call option activity in the September contract. It looks like one investor is taking profits on a previously established position and extending bullish sentiment on the stock by rolling calls up to a higher strike price. We reported a similar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: New XPOUND Posted: 28 Jun 2011 11:17 AM PDT Cusick’s Corner We have a new XPOUND Design, making the newsletter easier to read both online or on your smart phone. One new design feature allows you to check on the risk/reward ratio of a strategy mentioned in XPOUND by clicking on the “Analyze this Trade” link to help you gain quick access to the Trade Calculator. If you’re not a customer, you’ll want to open an account so you can access these free tools that we now incorporate into XPOUND daily. Please send us your feedback on the new look … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 28 Jun 2011 11:15 AM PDT Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.<br/><br/> AUD/USD was trading at 1.0516, up 0.70% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0601, Friday&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

2-Year US Yields Shoot Higher Today, USD/JPY Climbs As A Result Posted: 28 Jun 2011 11:12 AM PDT The US stock market and US investors seem to think that the worst of the Greece crisis is over, and that Greece will pass its austerity vote tomorrow, which will be followed by a second Greek bailout which will solve the immediate problems facing the sovereign debt crisis in the EU. We have seen stocks rally for a second day, which initially hurt the USD, however we have also see a strong move out of Treasuries, with the yield on the 2-year note climbing strongly as a result. Here is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stanley To Acquire Niscayah Posted: 28 Jun 2011 11:05 AM PDT Stanley Black & Decker (NYSE:SWK) recently proposed to acquire Sweden based Niscayah for SEK7.6 billion or roughly $1.2 billion. Stanley currently has a 5.8% stake in Niscayah, which was acquired through the company's wholly-owned Swedish subsidiary. Stanley would offer SEK18 per share, implying $2.78, which represents a 15% premium to Niscayah’s stock price at close on June 23, 2011.  The offer price also represents a 24% premium to the current value of Securitas AB’s all-stock offer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Security — Top Priority In 2011 Posted: 28 Jun 2011 11:05 AM PDT Cyber security has emerged as the most discussed topic in the technology market over the last few months. As corporations, government agencies, banks and video game companies have been plagued by cyber attacks, online security has become a major concern for all. However, the last few months have been particularly embarrassing for cyber security providers such as EMC Corp. (NYSE:EMC), after some high-profile hacking was reported at Sony Corp. (NYSE:SNE), EMC's own RSA division, defense contractor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Dozen California Pizza Kitchens In Mexico Posted: 28 Jun 2011 11:05 AM PDT California Pizza Kitchen Inc. (NASDAQ:CPKI) recently opened its first restaurant in Metepec, Mexico in collaboration with Grupo Calpik, S.A.P.I. de C.V. This was the company's twelfth opening in that country. The new restaurant is located in Galerias Metepec, the main shopping mall for Toluca and Metepec residents that houses more than 130 retail stores. The newly opened restaurant covers approximately 4,650 square feet and is capable of accommodating around 224 guests. It is located on the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta Sees Solid Rev In Q2 Posted: 28 Jun 2011 11:05 AM PDT The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) expects second quarter 2011 to be profitable owing to higher revenues, which would largely offset the fuel price inflation. Despite the lingering uncertainty in U.S. recovery as well as debt concerns in Europe, the demand for air travel has rebounded to some extent after the March 11 catastrophe. Delta now expects the disaster in Japan to hurt total revenue by $125 million in the second quarter compared with the previous expectation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Reaches A Crossroads Posted: 28 Jun 2011 11:00 AM PDT Ford Reaches a Crossroads by Justin Dove, Investment U Research Tuesday, June 28, 2011 People who follow Ford (NYSE:F) were dealt a big surprise last week by some negative press. Ford fell 18 spots to 23rd in this year's J.D. Power and Associates 2011 Initial Quality Study. Ford was ranked fifth last year and was the mainstream brand with fewest defects. Ford had exceeded industry averages in quality each year since 2006. There's no coincidence that it was also President and CEO Alan … [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: 28 Jun 2011 10:45 AM PDT Forex Pros – pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.<br/><br/> NZD/USD was trading at 0.8108, up 0.65% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8178, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“A Traders’ Market…volume Is Light” Posted: 28 Jun 2011 10:37 AM PDT 06/28/11 Mogavero, Lee & Co’s Doreen Mogavero discusses today’s equity gains and key technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFSL Authorizes Share Buyback Posted: 28 Jun 2011 10:35 AM PDT On Monday, Washington Federal Inc. (NASDAQ:WFSL) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback additional 10 million common shares. WFSL stated that this new share repurchase authorization is an extension of its current program. The current program, announced in 1995 with no expiration date, authorizes the company to repurchase 21,956,264 shares. During the quarter ending June 30, WFSL repurchased 1,654,800 shares … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good News: Home Prices Mixed Posted: 28 Jun 2011 10:35 AM PDT In April, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose an ever-so-slight 0.01% on a seasonally adjusted basis, and is down 3.04% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.09% on the month and is down 3.93% from a year ago. Prices for both indexes rose on a not-seasonally-adjusted basis. Of the 20 cities, nine were up on the month-to-month basis (seasonally adjusted), and 11 were down. Year over year, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TreeHouse Cuts Fiscal 2011 Guidance Posted: 28 Jun 2011 10:35 AM PDT TreeHouse Foods Inc. (NYSE:THS) recently reduced its fiscal 2011 earnings outlook to $2.90–$3.00 from $3.00–$3.08 after taking into account higher freight, transportation, packaging and other related commodity costs. The guidance includes the second-quarter earnings projection of 42–44 cents. Following the announcement, Zacks Consensus estimates for the second quarter and fiscal 2011 declined 28 cents and 15 cents to 43 cents and $2.91, respectively. TreeHouse had expected to counter the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Breaking Above 18 Day High. June Range Still Narrow. Posted: 28 Jun 2011 10:34 AM PDT We have been talking about this… The USDJPY has broken above the 80.94 level and also above the 18 day high at 81.05. The high for the month at the 81.55. If the price cannot extend above the 81.55 in the next 3 days of trading the range for the month will the most narrow since May 1988 when the range for the month was a mere 155 pips (see post from yesterday).  Non trending leads to trending. Staying above the 80.94 level keeps the bias to the upside. The upside targets the 81.55 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rises On Austerity Hopes, Dollar Declines Posted: 28 Jun 2011 10:00 AM PDT 06/28/11 The euro continued to rise this afternoon as risk appetite returned on growing confidence in the upcoming Greek austerity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.96% Posted: 28 Jun 2011 09:55 AM PDT Forex Pros – pros – European stocks were up after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.96%, London&rsquo;s FTSE 100 gained 0.94%, France&rsquo;s CAC 40 climbed 1.46% and the EURO STOXX 50 was up 0.98%.<br/><br/> Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a seasonally adjusted 58.5 last month from 61.7 in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hopes For Athens Vote Dulls Appetite For Bonds Posted: 28 Jun 2011 09:27 AM PDT A peek into the future of the Greek nation has investors today believing that lawmakers will ratify the deep and lasting austerity measures that will also very likely pave the wave for the sale of state-owned assets into overseas hands. Optimism is overflowing in peripheral markets that the vote will see politicians support Mr. Papandreou's efforts. Dealers are also hopeful that plans to rollover maturing bonds will garner widespread acceptance among French and German creditors. Ratings agent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Updating Intraday TICK Extremes For Intraday Traders Posted: 28 Jun 2011 09:18 AM PDT Intraday traders must take into account volatility cycles when using the TICK intraday for trading decisions. An intraday TICK reading of plus or minus 1,000 – often a trading entry or exit signal for some traders – means different things at different times in terms of the volatility cycles of both the market (high or low volatility) and of TICK itself. Let's take a look at the rolling 20 day moving average of the TICK over the last few years to see what this means: (Click for full-size … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises On Dollar Weakness, Austerity Hopes Posted: 28 Jun 2011 02:45 AM PDT 06/28/11 Front month crude prices were trading near a dollar higher as the dollar weakened and austerity hopes for Greece continued to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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