Wednesday, July 20, 2011

DailyMarkets.com - Earnings Preview : Polycom, Inc.

DailyMarkets.com - Earnings Preview : Polycom, Inc.


Earnings Preview : Polycom, Inc.

Posted: 20 Jul 2011 07:40 AM PDT

Polycom, Inc.(NASDAQ:PLCM), a leading provider of video and audio conferencing equipment and related network infrastructure, is slated to release its second quarter 2011 results on Thursday, July 21, after the closing bell. The current Zacks Consensus Estimate for the second quarter is pegged at 20 cents per share, representing an annualized growth of 126.39%.
With respect to earnings surprises over the trailing four quarters, Polycom has outperformed the Zacks Consensus Estimate in all the three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Apple Crushes Estimates

Posted: 20 Jul 2011 07:25 AM PDT

Apple Inc. (NASDAQ:AAPL) reported robust sales and earnings growth in the third quarter of 2011.
The company's earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%) in the quarter.
Operating Performance
Apple reported earnings of $7.79 per share in the third quarter, well ahead of its conservative guidance of $5.03. Earnings shot up 122.0% from the year-ago quarter.
Net income stood at $7.31 billion, reflecting a remarkable growth of 124.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Apple Crushes Estimates

Posted: 20 Jul 2011 07:25 AM PDT

Apple Inc. (NASDAQ:AAPL) reported robust sales and earnings growth in the third quarter of 2011.
The company's earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%) in the quarter.
Operating Performance
Apple reported earnings of $7.79 per share in the third quarter, well ahead of its conservative guidance of $5.03. Earnings shot up 122.0% from the year-ago quarter.
Net income stood at $7.31 billion, reflecting a remarkable growth of 124.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Apple Crushes Estimates

Posted: 20 Jul 2011 07:25 AM PDT

Apple Inc. (NASDAQ:AAPL) reported robust sales and earnings growth in the third quarter of 2011.
The company's earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%) in the quarter.
Operating Performance
Apple reported earnings of $7.79 per share in the third quarter, well ahead of its conservative guidance of $5.03. Earnings shot up 122.0% from the year-ago quarter.
Net income stood at $7.31 billion, reflecting a remarkable growth of 124.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview : Medco Health

Posted: 20 Jul 2011 07:25 AM PDT

Medco Health Solutions Inc. (MHS) is scheduled to release its second-quarter 2011 earnings on July 21, 2011 before the market opens. The company is expected to report EPS of 94 cents on revenues of $17.08 billion during the quarter, according to Zacks Consensus Estimates.
With respect to earnings surprises, Medco has exceeded the expectations in three out of the trailing four quarters. During the fourth quarter of fiscal 2010, the company reported in line results. The company has positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Existing Home Sales Fall To 7-month Low In June

Posted: 20 Jul 2011 07:07 AM PDT

Forexpros – U.S. existing home sales unexpectedly declined to a seven-month low in June, as contract cancellations spiked, industry data showed on Wednesday.<br /><br />In a report, the National Association of Realtors said that existing home sales declined by 0.8% to a seasonally adjusted 4.77 million units in June from 4.81 million units in May. <br /><br />Analysts had expected existing home sales to rise 1.9% to 4.92 million units in June.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


SNWV Hits Another Milestone

Posted: 20 Jul 2011 07:05 AM PDT

SNWV Hits Another Milestone – CPT III Codes Released

SANUWAVE (SNWV) continues to make progress with commercialization of its flagship device for the treatment of diabetic foot ulcers (DFU).  Just last week the company announced that they had made the third and final module filing to the FDA for dermaPACE in DFU.  Also announced was additional positive data from their Phase III IDE study that was used to support the regulatory filing.   

This morning SANUWAVE followed up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Allergan Agrees To Acquire Vicept

Posted: 20 Jul 2011 07:05 AM PDT

Allergan Inc. (NYSE:AGN) has inked an agreement to acquire the dermatology company Vicept Therapeutics, which we believe will substantively boost the former’s skincare product portfolio. For the acquisition, which is expected to close in the third quarter of 2011, Allergan will make an up-front payment of $75 million. Vicept is also entitled to receive up to $200 million on the achievement of certain development, regulatory and sales milestones.
V-101, Vicept's lead pipeline candidate, is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Big Lots In Canada Now

Posted: 20 Jul 2011 07:05 AM PDT

Big Lots Inc. (NYSE:BIG) began its Canadian operations with 89 stores and 1000 committed associates as the company recently announced the completion of the Liquidation World Inc. acquisition.
For its first overseas outpost, Big Lots paid $20 million in cash apart from acquiring certain liabilities and fulfilling the company's debt obligations. The company acquired all outstanding shares of Liquidation World and gained all the assets and leasehold rights.
Big Lots has been exploring numerous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Edge Lower On U.S., EU Debt Hopes

Posted: 20 Jul 2011 06:59 AM PDT

Forexpros – Gold futures edged lower on Wednesday, amid signs of progress in resolving the U.S. debt ceiling debate and on hopes for a positive outcome to Thursday&rsquo;s euro zone summit meeting, while a broadly weaker U.S. dollar limited losses. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,586.85 a troy ounce during U.S. morning trade, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR Beating A Retreat As Germany Not Yet On Board With EFSF Bond Buying, Credit Lines

Posted: 20 Jul 2011 06:55 AM PDT

Following some overnight optimism, we see the EUR giving back earlier gains in early NY morning trading.
The EUR was stronger overnight following reporting from Bloomberg on the possibility of adding flexibility to the EFSF by using its assets to extend credit lines, as well as the already suggested change of letting the rescue facility buy troubled periphery bonds on the secondary market.
However, a Reuters article, released around 9AM ET, revealed via a senior source that Germany was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Looks Toward The 100 Hour MA At 1.6110

Posted: 20 Jul 2011 06:53 AM PDT

The GBPUSD moved closer to the 100 hour MA at the 1.6110 level. The price low has reached the 1.6116. Earlier today the price moved higher on the back of less dovish MPC meeting minutes.  THe topside has trendline resistance at the 1.6147 level.     On a break of the 100 hour MA, the trendline support off the low from July 18th comes in at the 1.6076 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fitch Reasserts BXP Credit Ratings

Posted: 20 Jul 2011 06:50 AM PDT

Fitch Ratings, the global credit rating firm, has reaffirmed the "BBB" credit rating for Boston Properties, Inc. (BXP), a real estate investment trust (REIT). The BBB-rating denotes a relatively strong credit quality with low default risk, and adequate capacity to meet current financial commitments.
With a diverse portfolio of Class A office, industrial, and hotel properties, Boston Properties is a leading REIT in the U.S. The majority of the company's income comes from office properties. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Union Pacific

Posted: 20 Jul 2011 06:50 AM PDT

One of the largest railroad companies in North America, Union Pacific Corporation (NYSE:UNP) is slated to release its second quarter 2011 results on Thursday, July 21, before the opening bell. The current Zacks Consensus Estimate for the second quarter is pegged at $1.58, representing an annualized growth of 12.72%.
With respect to earnings surprises over the trailing four quarters, Union Pacific has outperformed the Zacks Consensus Estimate in all the three quarters except the last quarter, where … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc Strongest As Euro, Dollar Sell-off Intensifies

Posted: 20 Jul 2011 06:47 AM PDT

The Swiss Franc was the strongest major currency in the overnight, posting its largest moves against the New Zealand Dollar and the U.S. Dollar, as markets had a notable shift in risk-seeking behavior, shying away from higher yielding assets while simultaneously showing caution against the Greenback amid stalled debt negotiations. The U.S. Dollar's demise in the Asian and European sessions comes as a bit of a surprise, considering it appeared President Barack Obama was ready to sign off on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Gains Ahead Of EU Meeting

Posted: 20 Jul 2011 06:44 AM PDT

The dollar weakened ahead of a meeting of European officials later in the week as expectations build for a positive outcome. Greek Prime Minister Papandreou has already coined the outcome as a make-or-break event for the zone although he doesn't seem to know much more than the rest of us. In the meantime investors continue to flood back into equities, inspired by strong earnings growth adding to pressure on the dollar where an earlier positive mood is falling by the way side.
Euro – The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Pushes To New NY Lows.

Posted: 20 Jul 2011 06:38 AM PDT

The 1.4184 is the the trendline that held yesterday and pushed above today.  This is a target that is being tested. The other level to eye below is the 200 bar MA on the 5 minute chart currently at the 1.4175.  A move below this level next targets thte 1.4154 level.
Traders who are short from above, will likely want to see the price stay below the 100 bar MA on the 5 minute chart (close level) at the 1.4192 level. Above that the 38.2% of the move up today comes in at 1.4198.  In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Medical Links: Cash-Only In U.S., Rationing In U.K.

Posted: 20 Jul 2011 06:32 AM PDT

1. Cash only doctor in Minnesota: She accepts cash, checks, eggs or pie, but no insurance:

2. GracePoint Healthcare near Nashville offers “modern medicine the old-fashioned way,” i.e. “patient-centered” instead of “insurance-driven” with a cash-only, self-pay policy for same-day or next-day appointments, individualized no-rush appointments, and housecalls after hours and on weekends.  Various payment plans are offered, including a basic option for $49 per month and $40 per visit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Pulls Back From 2-and-a-half-month Low

Posted: 20 Jul 2011 06:27 AM PDT

Forexpros – The U.S. dollar pulled back from a two-and-a-half-month low against its Canadian counterpart on Wednesday, as crude oil, Canada&rsquo;s largest export, trimmed gains ahead of U.S. government data on crude stockpiles.<br /><br />USD/CAD pulled back from 0.9455, the pair&rsquo;s lowest since May 3, to hit 0.9483 during early U.S. trade, still down 0.16% on the day.<br /><br />The pair was likely to find support at 0.9444, the low of April 29 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Under Pressure

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: Under Pressure

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro: The Downside Prevails

Posted: 20 Jul 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Coffee Cools As Frost Fears Abate

Posted: 20 Jul 2011 06:18 AM PDT

Wednesday, July 20, 2011
The potential for Coffee prices to move into a trading range market the next few weeks may spur some traders to explore the sale of strangles in Coffee futures options. For example, with September Coffee trading at 245.35 as of this writing, the September Coffee 280 calls and the September Coffee 225 puts could be sold for about 2.00, or $750 per strangle, not including commissions. The premium received would be the maximum potential gain on the trade which would be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Office Depot’s Philanthropic Act

Posted: 20 Jul 2011 06:06 AM PDT

In a move to provide small businesses with strategies to fight against natural calamities, Office Depot Inc. (NYSE:ODP) has recently joined hands with the Business Civic Leadership Center (BCLC) of the U.S. Chamber of Commerce.
The Association of Small Business Development has recently revealed in its study that in a given year more than 1 out of 4 businesses experience a huge crisis due to natural calamities. Out of these businesses, which have no disaster plan, 43% never reopens. Only 29% of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Steady Ahead Of Euro Zone Debt Summit

Posted: 20 Jul 2011 05:59 AM PDT

Forexpros – The euro was steady against the yen on Wednesday, amid hopes that euro zone policymakers would reach an agreement on how to address the region&rsquo;s debt crisis, but gains were tempered by fears that contagion risks would persist.<br /><br />EUR/JPY hit 112.35 during European afternoon trade, the daily high; the pair subsequently consolidated at 112.11, inching up 0.04%.<br /><br />The pair was likely to find support at 110.64, Monday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Testing Intraday Levels In Early NY Trade

Posted: 20 Jul 2011 05:55 AM PDT

The EURUSD is feeling out the NY traders bias and so far there are no winners. The support levels on the intraday chart are holding and so is resistance.   Trendline above is at the 1.4221 level. The trendline below comes in at the 1.4198 where the 38.2% is also located. The first look at the level has found quick profit taking buyers. 
Comments from EU officials could cause a reaction one way or the other today (as could US government comments). So be aware. Be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold And Silver Soften As Pessimism Subside

Posted: 20 Jul 2011 05:47 AM PDT

Prev: Gold and Silver's Bullish Targets in a Risk-off Environment (7/17)
Gold (XAU/USD)

- As we expected, gold found resistance near the 1608 area. This is the level that makes wave 3 in the 4H chart 150% expansion of wave 1.
- Note the bearish divergence in the 4H chart with the RSI reading, and the eventual break below a sharp rising trendline.
- Optimism from Capitol Hill about the debt ceiling issue, as well as hope for resolution to come out of the EU summit regarding its debt crisis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Wholesale Sales Rise Significantly In May

Posted: 20 Jul 2011 05:47 AM PDT

Forexpros – Canadian wholesale sales rose significantly more-than-expected in May, posting the biggest gain in 18 months, official data showed on Wednesday.<br /><br />In a report, Statistics Canada said wholesale sales jumped by 1.9% in May, after easing down 0.1% in April.&nbsp; <br /><br />Analysts had expected Canadian wholesale sales to rise by 0.3% in May.<br />&nbsp;<br />Canadian wholesale sales totaled CAD47.6 billion in May. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Stock Futures Point Higher As Apple Soars; Dow Up 0.5%

Posted: 20 Jul 2011 05:38 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Wednesday, as sentiment was boosted amid signs of progress in resolving the country&rsquo; debt ceiling debate, while Apple shares rallied ahead of the open on the back of robust earnings.&nbsp; <br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.5%, the S&amp;P 500 futures climbed 0.6%, while the Nasdaq 100 futures indicated a 0.9% gain.<br /><br />U.S. President Barack Obama … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BOE Minutes Show Policy Makers Step Back From QE Talk

Posted: 20 Jul 2011 05:37 AM PDT

The Bank of England Meeting Minutes gave the GBP/USD a bit of whipsaw, as the pair first fell down to 1.6070, but then recovered to 1.6140.
The main takeaway is that Monetary Policy Committee members did not push the theme that they would consider more bond purchases in order to stimulate the fragile recovery. In the June meeting, there was mention of some policy makers favoring more bond purchases, but there was no mention of that same language in today's meeting, squashing that idea.
We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Embraer Inks Chinese Jet Deal

Posted: 20 Jul 2011 05:36 AM PDT

Brazil’s Embraer S.A. (NYSE:ERJ) signed a preliminary agreement to sell 20 executive jets to China's Minsheng Financial Leasing Co., Ltd., a subsidiary of China Minsheng Banking Co. Ltd., and one of the largest financial institutions providing executive jets leasing services in China.
The two companies agreed and signed a Memorandum of Understanding (MoU) at Embraer's headquarters in São José dos Campos, São Paulo, Brazil.
According to a statement issued by the company, Embraer expects the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crown Castle To Outperform

Posted: 20 Jul 2011 05:31 AM PDT

We upgrade our recommendation on Crown Castle International Corp. (NYSE:CCI) to Outperform ahead of its second-quarter 2011 financial results. Increasing deployment of 3G/4G high-speed mobile voice, data, and video technology and significant growth of mobile Internet traffic have aided Crown Castle to report robust results in the last couple of quarters. The company continues to perform well with respect to several parameters, including its core site rental revenue and gross margin, adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tetra Tech’s Australian Acquisition

Posted: 20 Jul 2011 05:31 AM PDT

Tetra Tech Inc. (NASDAQ:TTEK) is all set to acquire an Australian mining engineering company, Proteus EPCM Engineers. As per the agreement, significant portion of Proteus' assets will be taken over by Tetra Tech. In early August 2011, it is expected that the acquisition procedure will close.
Based in Perth, Australia, Proteus has an annual revenue generation of about $30 million. Total employee strength of Proteus is approximately 150. Proteus is an experienced provider of engineering services to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Where Are The Euro Shorts?

Posted: 20 Jul 2011 05:30 AM PDT

If you simply looked at a chart of the Euro over the last year or so, and didn't know about all of the problems facing the European Union, you could conclude that the Euro was just experiencing a pullback in an ongoing uptrend.  That's how good the technical action in the Euro has been given the considerable problems it has been facing.  From the recent May high in the Euro at 149.40 to the July low of 139.50, the Euro is down a mere 6.6%.  This pullback so far isn't even … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Gains As Markets More Optimistic On Eve Of EU Summit

Posted: 20 Jul 2011 05:15 AM PDT

The Euro managed to climb higher today, with European equities higher for a second day with the Spanish IBEX 25 IDX index and the Italian FTSE MIB posting gains of 2.6% and 2.9% respectively as of 7:45AM. We see 10-year yields for these countries falling back as well, a positive sign for the upcoming EU Summit, as traders begin to feel some optimism for a successful outcome to the summit.
Extension of Credit Lines
The latest catalyst for the optimism were some new options that could be used by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Trying To Clear Resistance After Failing To Clear Support

Posted: 20 Jul 2011 05:14 AM PDT

Prev: EUR/USD Tests 1.42 wit a Swing Projection to 1.4450 (7/19)
EUR/USD

- The 1.42-1.4220 level was important resistance and was defended yesterday.
- However on the downside, the market failed to sustain a break below a pivot at 1.4130, despite briefly cracking it. Note that the 1H chart never saw a candle close below 1.4130, and the RSI reading was well maintained above even 40, showing some weak bullish bias.
- Market action entering the US session is knocking open the 1.42-1.4220 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Down Vs. Rivals As Debt Deal Hopes Boost Euro

Posted: 20 Jul 2011 05:09 AM PDT

Forexpros – The U.S. dollar down against all of its major counterparts on Wednesday, as the euro extended gains, boosted by hopes for a successful resolution to Greece&rsquo;s debt crisis at Thursday&rsquo;s European Union summit meeting.<br /><br />During European afternoon trade, the greenback was weaker against the euro, with EUR/USD climbing 0.23% to hit 1.4190.<br /><br />Earlier in the day, Spanish and Italian bond yields fell back amid increased optimism … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Erases Losses After BoE Minutes

Posted: 20 Jul 2011 04:57 AM PDT

Forexpros – The pound erased losses against the U.S. dollar on Wednesday, clawing back up from a daily low after the minutes of the Bank of England&rsquo;s July policy setting meeting were slightly less dovish than expected.<br /><br />GBP/USD clawed back up from 1.6070, the daily low, to hit 1.6135 during European afternoon trade, inching up 0.07%.<br /><br />Cable was likely to find support at 1.5904, the low of July 13 and resistance at 1.6177, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Extends Gains Amid Caution Ahead Of EU Summit

Posted: 20 Jul 2011 04:19 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Wednesday, rising to a four-day high, but further gains were limited as investors remained cautious ahead of an emergency summit of euro zone leaders on Thursday.<br /><br />EUR/USD hit 1.4184 during European early afternoon trade, the pair&rsquo;s highest since July 14; the pair subsequently consolidated at 1.4183, gaining 0.19%.<br /><br />The pair was likely to find support at 1.4013, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Slips To Daily Low As Debt Woes Weigh

Posted: 20 Jul 2011 03:41 AM PDT

Forexpros – The U.S. dollar slipped to a daily low against the Swiss franc on Wednesday, as concerns over sovereign debt loads in the euro zone and the U.S. bolstered demand for the safe haven franc.<br /><br />USD/CHF hit 0.8316 during European late morning trade, the daily low; the pair subsequently consolidated at 0.8220, shedding 0.23%.<br /><br />The pair was likely to find support at 0.8080, Monday&rsquo;s low and the pair&rsquo;s all-time low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Likely To Rise, Gold Under Pressure With Focus On Earnings

Posted: 20 Jul 2011 03:34 AM PDT

Talking Points

Crude Oil Prices Poised to Advance Along with S&P 500
Gold Under Pressure as Earnings Results Dampen QE3 Bets

WTI Crude Oil (NY Close): $97.50 // +1.57 // +1.64%
Prices remain firmly anchored to overall risk appetite trends, hinting the path of least resistance points higher over the near term with S&P 500 stock index futures showing healthy gains ahead of the opening bell on Wall Street.
The earnings calendar is in focus, with another long list of major names including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cotton Hovers Close To 9-month Low On Global Demand Concerns

Posted: 20 Jul 2011 03:24 AM PDT

Forexpros – Cotton futures were down on Wednesday, hovering close to a nine-month low as ongoing concerns over a slowdown in demand for U.S. supplies dragged prices lower. <br />&nbsp;&nbsp;&nbsp; <br />On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD0.9983 a pound during European morning trade, tumbling 2.25%. <br /><br />It earlier fell as much as 2.95% to trade at a daily low of USD0.9917 a pound, just above a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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