Monday, July 18, 2011

DailyMarkets.com - Exclusive Interview: Ed Roland, Kraft Foods

DailyMarkets.com - Exclusive Interview: Ed Roland, Kraft Foods

Exclusive Interview: Ed Roland, Kraft Foods

Posted: 18 Jul 2011 06:00 PM PDT

07/18/11 Kraft Foods’ marketing manager, Ed Roland, discusses the 75th anniversary of the Oscar Mayer Wienermobile and weighs in on the American … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exclusive Interview: Oscar Mayer “Hotdoggers”

Posted: 18 Jul 2011 12:59 PM PDT

07/18/11 In celebration of the 75th anniversary of the Oscar Mayer Weinermobile, the 2011 Oscar Mayer “hotdoggers”, Mr. Dylan Hackbarth & Ms. Kylie Hodges, give us a description of what it takes to be a “hotdogger” and the its business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Market In Economic Pain

Posted: 18 Jul 2011 05:48 PM PDT

In “Misery Index at 28-Year High on Jobless Rise: Chart of the Day,” Bloomberg features an eye-catching graphic that sums up what most Financial Armageddon readers know already:
Americans haven't felt this bad in almost three decades.
The CHART OF THE DAY shows the correlation between the U.S. Misery Index, or the sum of the unemployment and inflation rates, and measures of consumer confidence.
 
The Misery Index stands at 12.8, the highest in 28 years. Consumer sentiment slumped in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up During The Asian Session

Posted: 18 Jul 2011 05:45 PM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 126.99, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 126.67, Monday&rsquo;s low, and resistance at 128.16, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.10% to hit 1.6073 and EUR/GBP rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 18 Jul 2011 05:05 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4124, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4270, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8788 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Barry Ritholtz, One Liner On How To Approach The Stock Market

Posted: 18 Jul 2011 04:18 PM PDT

Barry Ritholtz of the famous ‘Big Picture Blog’ via a simple blog post stated simply what every investor must master when judging price action within the stock market, and its not rocket science.

Source: Look Out Below, Euro Stress Test Version

Extract

My view has long been that day-to-day action is mostly noise; if you are looking for "signal" amongst the background static, you should focus on two things: Trend and Oscillators.

Trend smooths the noise and provides a basis for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 18 Jul 2011 04:15 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 79.05, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday&rsquo;s low, and resistance at 79.60, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.10% to hit 1.4126 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UDR Makes Public Offering

Posted: 18 Jul 2011 04:05 PM PDT

UDR, Inc (UDR) recently made a public offering of 18 million shares, worth approximately $431.5 million at an average price of $25.00.
In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 2.7 million shares.
UDR intends to utilize the proceeds generated from the transaction for acquiring financial assets and for other general corporate purposes.
This public offering will enable the company to attain financial flexibility … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon Launches E-textbook Rental Service

Posted: 18 Jul 2011 03:57 PM PDT

07/18/11 Amazon’s Kindle Textbook Rental program may help students cut back on expenses. Digitized versions of textbooks will be available for a fraction of the price of traditional hardcover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Truth, Nothing But The Truth On The Debt Crisis

Posted: 18 Jul 2011 03:56 PM PDT

Oh my god a rating agency that is doing what it is supposed to do, make honest and professional judgments on the current state of affairs.

If the EU gets anywhere near what this fellow is saying, the US Dollar will rally hard, and so will hard metals (but not in a straight line) and stocks will be a lot lower. Investors are all central bank watches now.

CNBC 20110719 – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Apple, BofA, Coca-Cola, Goldman Sachs, Wells Fargo, Yahoo; US Housing Starts

Posted: 18 Jul 2011 10:45 AM PDT

07/18/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gannett’s Profit Dips, Ups Dividend

Posted: 18 Jul 2011 03:35 PM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of one of the nation’s largest-selling daily newspaper USA Today, recently posted second-quarter 2011 results.
The quarterly earnings of 58 cents a share were a penny ahead of the Zacks Consensus Estimate but fell 4.9% from last year’s 61 cents, reflecting a slump in publishing advertising demand and fall in circulation revenue. However, these were somewhat offset by effective cost management. Operating expenses, excluding one-time items, dropped … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 18 Jul 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8438, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8194, Wednesday&rsquo;s low, and resistance at 0.8506, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.12% to hit 1.2568 and EUR/NZD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Trade Ideas For Tuesday, July 19

Posted: 18 Jul 2011 03:29 PM PDT

( click to enlarge )

A123 Systems, Inc. (AONE)  held its 50 day SMA with decent volume, may be a good entry. The technical chart is still showing buy signal with stock trading above 50 day moving averages with MACD on top of signal line and %K line on top of %D line. Short-term traders can hold their longs with a stop at $5.20.

 ( click to enlarge )

Chart Industries, Inc. (NASDAQ:GTLS) is consolidated into a small channel at the moment and holding well above a support line so we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Support Held

Posted: 18 Jul 2011 03:17 PM PDT

Cusick’s Corner
Support held, 1295 on the S&Ps, and we finished the day above 1300 which is the psychological support, bringing this index, followed by the other majors, above the mid-term support of their 50-day moving averages. Tomorrow the market will focus on the Housing Starts and Permits, any positives that come out of this beaten down sector could give some potential boost. Big Tech and Finance will be the focus along with AAPL which was extremely active today, plus BAC and GS saw … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eni To Invest $2B In Junin 5

Posted: 18 Jul 2011 03:15 PM PDT

Italy's Eni SpA (NYSE:E) and Venezuela’s state oil company Petroleos de Venezuela, or PDVSA, entered into a $2 billion development plan for their joint venture in the Orinoco heavy oil belt, as well as an electricity generation plant.
The plan mainly calls for the development of the Junin 5 heavy oil block, located in the Faja of Orinoco. Junin 5 is operated by two companies –– PDVSA with 60% share and Eni the remaining 40% stake –– and has an estimated reserve potential of 35 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warner Chilcott Announces Arbitration Decision

Posted: 18 Jul 2011 03:05 PM PDT

Warner Chilcott (NASDAQ:WCRX) announced that an arbitration panel recently issued a verdict that the company's co-development and marketing agreement with Sanofi-Aventis (NYSE:SNY) regarding osteoporosis drug Actonel would come to an end on January 1, 2015 as was originally agreed.
Per the agreement, Actonel is co-developed and marketed by the two companies on a global basis, except Japan. The agreement allows Warner Chilcott to market Actonel's next generation product Atelvia in the US. Atelvia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Yahoo!

Posted: 18 Jul 2011 03:05 PM PDT

Yahoo! Inc. (NASDAQ:YHOO) is expected to report second quarter results after the market closes on July 19. Given the strong ad market, we expect a moderate beat.
Yahoo's story is tied to CEO Carol Bartz's turnaround plan; therefore, with things going rather slow on that front, there are limited catalysts to drive estimates either up or down. That said, the company has delivered an average earnings surprise of over 16% in the last four quarters, which is not bad, considering the multiple issues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

COP, Realm To Explore Gas Jointly

Posted: 18 Jul 2011 03:05 PM PDT

After the announcement of splitting its upstream and downstream operations, ConocoPhillips (NYSE:COP) is moving ahead with its objective of discovering greater opportunities in the concerned segments. Recently, the company successfully struck a farmout agreement with Canada-based Realm Energy International Corporation ("Realm Energy") for possible shale gas exploration in France. However, no licenses have been agreed upon to date.
Realm Energy has applied for exploration licenses for 1.65 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amgen’s Xgeva Wins EU Approval

Posted: 18 Jul 2011 03:05 PM PDT

Amgen (NASDAQ:AMGN) recently announced that it has received approval from the European Commission (EC) for Xgeva (denosumab). Amgen gained approval for the use of Xgeva for the prevention of skeletal-related events (pathological fracture, radiation to bone, spinal cord compression or surgery to bone) in adults with bone metastases from solid tumors.
In addition to granting approval, which applies to all 27 European Union (EU) member states, the EC also granted an additional year of data and market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CenturyLink-Savvis Merger Completed

Posted: 18 Jul 2011 03:05 PM PDT

CenturyLink Inc. (NYSE:CTL) has completed its acquisition of Savvis Inc.
The information technology (IT) services provider cost CenturyLink $2.5 billion in cash and stock, valued at $40 per share.
CenturyLink paid Savvis stockholders $30 per share in cash and $10 in CenturyLink's shares to close the transaction. Additionally, CenturyLink also financed approximately $546 million of Savvis’ debt.
The merger will allow CenturyLink to tap potential opportunities in cloud services. It also highlights … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Altera Corporation

Posted: 18 Jul 2011 03:05 PM PDT

Programmable logic devices (PLD) maker Altera Corporation (NASDAQ:ALTR) is scheduled to report second quarter earnings on July 19, 2011.
Earnings estimates for 2011 increased $0.09 after the company topped earnings in the first quarter. The company has consistently met or exceeded expectations. On average, Altera has beaten the Zacks Consensus Estimate by 5.40% in the last four quarters.  
Last month, Altera affirmed its sales guidance for the second quarter.  Altera continues to expect … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Launches New Battery System

Posted: 18 Jul 2011 02:35 PM PDT

Eaton Corporation (NYSE:ETN) introduced a new battery backup system called Eaton 3S.
The company said the 3S is a highly-efficient, reliable power protection and surge device capable of protecting small office or home office (SOHO) equipment, personal computers (PCs), networked workstations, telephony equipment and home entertainment systems against from poor quality power and failures.
The 3S includes EcoControl power outlets on its 750 VA model that can control the shutdown of accessory devices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wright & ArthroCare Join Hands

Posted: 18 Jul 2011 02:35 PM PDT

International orthopedic devices company Wright Medical (NASDAQ:WMGI) has inked a supply and distribution pact with surgical products maker ArthroCare Corporation (NASDAQ:ARTC). Under the agreement, ArthroCare will provide Wright Medical with products for soft tissue fixation of the foot and ankle based on its Opus knotless suturing technology.
The deal covers a range of tissue fixation devices, based on the market-leading Opus technology, which Wright Medical will exclusively distribute to foot and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Previewing The RBA Meeting Minutes – Looking For Any Dovish Language

Posted: 18 Jul 2011 02:14 PM PDT

A key risk event for the AUS will be tonight's RBA Meeting Minutes, set to be released at 9:30PM ET. We preview this release.
Fundamental Release: RBA Meeting Minutes
Time: 9:30PM ET (12:30AM ET)
Pair: AUS/USD and other AUD crosses
Important Indicators For This Release:
RBA Interest Rate:

The RBA hiked rates in late '09 and in '10 from 3% up to 4.75%, but with natural disasters to start this year, and global growth looking less strong as China tightens monetary policy, the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Entergy Expects Stable Quarter

Posted: 18 Jul 2011 02:05 PM PDT

Integrated energy company Entergy Corporation (NYSE:ETR) provided a preliminary operating earnings expectation of $1.75 per share for the second quarter of 2011 on both an as-reported and operational basis.
Entergy is slated to release its second quarter numbers for 2011 on August 2, 2011.
The guidance of the company is 12 cents higher than the Zacks Consensus expectation of $1.63 per share. The guidance reflects a 4-cent increase from the year-ago quarterly earnings of $1.71 on an operational … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suntech Launches Module For Israel

Posted: 18 Jul 2011 02:05 PM PDT

Solar panel maker Suntech Power Holdings Co. Ltd. (NYSE:STP) launched the Suntech 300W Vd series, a new generation high-efficiency solar module, earmarked for the Israeli market.
Powered by Suntech’s SuperPoly processing technology, a superior silicon casting and wafering process that produces higher-quality multicrystalline wafers, the module achieves up to 15.5% conversion efficiency, well above the 13% to 14% efficiency of conventional polycrystalline solar modules.
Suntech’s new 300W Vd is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: AAPL, SCHW, IBM

Posted: 18 Jul 2011 02:00 PM PDT

07/18/11 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

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 18 Jul 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4115, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.3963, Wednesday&rsquo;s low, and resistance at 1.4282, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8791 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perfect Storm For Gold And Silver Prices

Posted: 18 Jul 2011 01:50 PM PDT

Originally published on marketwatch.com
"This year, investors have been engulfed by the perfect storm for gold, resulting from the Japanese earthquake and tsunami, Middle East and North African turmoil, credit downgrade warnings in the U.S. and the exacerbation of euro-zone debt fears, amongst others," said Jeb Handwerger, editor of GoldStockTrades.com.
This chaos has had a positive effect on gold bullion and now investors are finally jumping on board," he said. "This may be a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 18 Jul 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 79.04, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday&rsquo;s low, and resistance at 79.60, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.25% to hit 1.4119 and GBP/USD falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Immucor Moves Towards Being Taken Over

Posted: 18 Jul 2011 01:35 PM PDT

Recently, IVD Acquisition Corporation, an affiliate of TPG Capital initiated the earlier-announced tender offer for all outstanding shares of Immucor (NASDAQ:BLUD) at $27.00 per share, in cash.
Earlier this month, private equity group TPG Capital decided to acquire Immucor for $1.97 billion. The deal is expected to be completed in the second half of 2011 and is subject to regulatory  and shareholder sanction. Established in 1992 with $48 billion of assets under management, TPG Capital is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charles Schwab Reports In Line

Posted: 18 Jul 2011 01:35 PM PDT

Charles Schwab Corporation's (NASDAQ:SCHW) second quarter 2011 earnings came in at 20 cents per share, in line with the Zacks Consensus Estimate. However, this compares favorably with the year-ago quarter's earnings of 17 cents.
Charles Schwab's net income for the reported quarter came in at $238 million, up 16% from $205 million in the prior-year quarter.
Charles Schwab's results benefited from improved net interest revenue and lower impairment losses on securities. However, lower trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hercules Stays Neutral

Posted: 18 Jul 2011 01:35 PM PDT

We are maintaining our Neutral recommendation on Hercules Technology Growth Capital (NASDAQ:HTGC) based on first-quarter results, which were slightly ahead of the Zacks Consensus Estimate.
Despite the sluggish economic recovery, a steady pace of new investments by venture capitalists is palpable. Consequently, new investment opportunities are expected, though we remain cautious about the company's investment and credit management strategies.
Hercules' first-quarter 2011 distributable net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VeriFone Does Its Bit For The Environment

Posted: 18 Jul 2011 01:35 PM PDT

In collaboration with Black Horse Taxi Finance, VeriFone Systems Inc. (NYSE:PAY) recently agreed to provide a financial incentive to the drivers of London's famed, but high-emission, black taxis.
Black Horse finances its customers to buy cars, caravans, motorhomes or motorbikes through a network of over 7,000 dealers.
Both the organizations will provide a financial allowance of £3,000 on a first come, first service basis to the drivers on the sales of 200 new Euro 4 – TX4 Style or Elegance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taiwan Central Bank Raises Minimum Liquidity Requirements

Posted: 18 Jul 2011 01:33 PM PDT

The Central Bank of the Republic of China (Taiwan) raised the minimum liquidity ratio for financial institutions to 10% from 7%.  The move will come into effect from 1 October 2011, and is designed to bring the statutory liquidity ratio in line with where most banks are currently operating (i.e. not in response to any rise in banking system risks).  The latest figures from the central bank indicated an overall liquidity ratio of 32.5% at the end of May.  The move is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 18 Jul 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4110, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.3963, Wednesday&rsquo;s low, and resistance at 1.4282, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8794 and EUR/JPY falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.76%

Posted: 18 Jul 2011 01:10 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.76%, the S&P 500 index shed 0.81%, while the Nasdaq 100 index declined 0.54%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 2.04%; Germany&rsquo;s DAX shed 1.55%; Britain&rsquo;s FTSE 100 declined 1.55%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fed Earns $4.68B From AIG Investment Portfolio

Posted: 18 Jul 2011 01:05 PM PDT

The New York Federal Reserve (Fed) has reported that it earned about $4.68 billion from American International Group Inc.'s (NYSE:AIG) Maiden Lane II, an investment portfolio containing residential mortgage-backed securities (RMBS), in the second quarter of 2011. The Maiden II was acquired by the Fed from AIG at the peak of the financial crisis.
The notional worth of these securities was $9.4 billion. Accordingly, the sale represented about $10 billion of debt, at about 47 cents on the dollar. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tesoro To Boost Oil Supply Through Ra

Posted: 18 Jul 2011 01:05 PM PDT

Refiner and marketer of refined products Tesoro Corporation (NYSE:TSO) plans to invest $50 million to expand its crude oil supply via rail from the Bakken Shale play in North Dakota to its refinery in Anacortes, Washington.
This upgraded rail network will enable the company to minimize its dependence on foreign waterborne feedstock and deteriorating Alaska North Slope production.
Under the project, Tesoro will set up loading and unloading facilities and dedicated rail cars, called unit trains, at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hasbro Promises A “meaningful” Rise In 2011 Sales And Earnings

Posted: 18 Jul 2011 01:00 PM PDT

07/18/11 Hasbro Incorporated announced to its investors Monday that it expect a “meaningful” rise in its 2011 sales and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 18 Jul 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6057, down 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.5912, Wednesday&rsquo;s low, and resistance at 1.6195, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8792 and GBP/JPY falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cummins Lifts Dividend

Posted: 18 Jul 2011 12:50 PM PDT

Cummins Inc. (NYSE:CMI) raised its quarterly dividend payment by a whopping 52% to 40 cents per share from 26.25 cents per share, driven by its strong first quarter results made possible by its great success in international markets.
The new dividend is payable on September 1, 2011 to shareholders of record as of August 22, 2011.
Cummins last raised its dividend in July of last year by 50% from $0.175 per share. The company did not approve an increase in dividend in 2009.
In July 2008, its Board … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta To Scrap Unprofitable Routes

Posted: 18 Jul 2011 12:50 PM PDT

The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) plans to curtail its services to 24 small cities due to soft demand there.
These cities are served under Essential Air Service, a U.S. program, which ensures the minimum level of air services to passengers in small communities. The U.S. Department of Justice will select a new carrier within 90 days to serve the rejected areas. Until then, Delta Air Lines will continue to fly to these cities.
Steeply rising fuel prices and weak demand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

North America Buoys Halliburton

Posted: 18 Jul 2011 12:50 PM PDT

Major oilfield services provider Halliburton Co. (HAL) reported better-than-anticipated second-quarter 2011 results, which were helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily leveraged through its market-share-leading pressure-pumping business).
Earnings per share, excluding special items, came in at 81 cents, beating the Zacks Consensus Estimate of 72 cents and comfortably ahead of the year-ago profit of 52 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Reaches 100 Hour MA And Fibo Level

Posted: 18 Jul 2011 12:45 PM PDT

Cooper Buys Gitiesse

Posted: 18 Jul 2011 12:35 PM PDT

Cooper Industries plc (NYSE:CBE) acquired Gitiesse srl (Gitiesse), an Italian manufacturer of marine and oil and gas communications systems.
Gitiesse specializes in the manufacture of Digital integrated multimedia communications systems (IMCOS) used for vessels worldwide.
The Cooper Safety division will incorporate Gitiesse.
The acquisition strengthens Cooper Industries’ goal of expanding and solidifying its explosion-proof harsh and hazardous environment platform on improved technology and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valeant Buying JNJ Dermatology Unit

Posted: 18 Jul 2011 12:35 PM PDT

Canadian drug maker Valeant Pharmaceuticals International, Inc. (NYSE:VRX) announced that it has entered into yet another deal that would entrench its already strong presence in the dermatology market in the US. This time around Valeant intends to acquire the assets of Ortho Dermatologics, a dermatology unit of pharma giant Johnson & Johnson (NYSE:JNJ), for $345 million in cash. The transaction is expected to close by year end.
Ortho Dermatologics' product portfolio, which comprises … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 18 Jul 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8185, up 0.38% at time of writing.<br/><br/> The pair was likely to find support at 0.8084, Wednesday&rsquo;s low, and resistance at 0.8331, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.46% to hit 1.4090 and USD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 18 Jul 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9594, up 0.59% at time of writing.<br/><br/> The pair was likely to find support at 0.9521, Friday&rsquo;s low, and resistance at 0.9646, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.47% to hit 1.4088 and GBP/USD falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Intuitive

Posted: 18 Jul 2011 12:05 PM PDT

Intuitive Surgical (NASDAQ:ISRG) is slated to report its second-quarter 2011 results on Tuesday, July 19. The current Zacks Consensus Estimate for the quarter is $2.71, representing an estimated 23.87% annualized growth.
First Quarter Recap
Intuitive reported first quarter earnings per share of $2.59, beating the Zacks Consensus Estimate of $2.49 and exceeding the year-ago figure of $2.12. Revenues increased 18% year over year to $388 million, beating the Zacks Consensus Estimate by $9 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Quest Diagnostics

Posted: 18 Jul 2011 12:05 PM PDT

Quest Diagnostics (NYSE:DGX) is scheduled to release its second quarter fiscal 2011 results on Wednesday, July 20, 2011 before the market opens. The company is expected to earn $1.13 during the quarter on $1,913 million in revenues, according to the Zacks Consensus Estimate.
Previous Quarter Highlights
Quest Diagnostics reported an adjusted EPS of $1.00 during the first quarter of fiscal 2011, a penny above the Zacks Consensus Estimate and the year-ago quarter. Revenues for the quarter increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pioneer Reiterated At Neutral

Posted: 18 Jul 2011 12:05 PM PDT

We are maintaining our Neutral recommendation for the independent oil and gas exploration and production company, Pioneer Natural Resources Company (NYSE:PXD).
Although the Texas-based company's significant resource potential with an oil-weighted reserves base and large drilling inventory are commendable, we remain concerned about its back-end loaded 2011 production guidance.
Pioneer’s key strategic assets are the Spraberry in the Texas Panhandle and the Eagle Ford in the southeast of the state. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Plans To Retire Coal Units

Posted: 18 Jul 2011 12:05 PM PDT

Duke Energy Ohio, a subsidiary of Duke Energy Corporation (NYSE:DUK), announced its intentions of retiring all six Ohio based coal-fired generation units at its W.C. Beckjord Station, located southwest of Cincinnati, by January 1, 2015. The company revealed its plans in its 2011 Resource Plan filing with the Public Utilities Commission of Ohio.
The decision is fallout of the Environmental Protection Agency's ('EPA') recently proposed Utility Maximum Achievable Control Technology ('MACT') … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 18 Jul 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4079, down 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.3963, Wednesday&rsquo;s low, and resistance at 1.4282, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8776 and EUR/JPY falling 0.62% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Retail Hikes Dividend

Posted: 18 Jul 2011 11:35 AM PDT

National Retail Properties, Inc. (NNN) recently hiked its quarterly cash dividend from 38 cents to 38.5 cents per share.
This translates into a 1.32% increase from the prior dividend.
The increased dividend will be paid on August 15, 2011 to stockholders of record on July 29, 2011. This takes the annual dividend yield as of July 15, 2011, to 6.0%. National Retail has a track record of paying increased dividends for 21 consecutive years.
At the end of first quarter 2011, National Retail’s cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Icahn Bids On Clorox

Posted: 18 Jul 2011 11:35 AM PDT

Clorox Corporation (NYSE:CLX) disclosed that it has received a conditional acquisition offer from activist investor, Icahn Enterprises L.P. The acquisition, which is subject to due diligence, financing and other conditions, is worth $76.50 per share. Clorox mentioned that it will evaluate the proposal shortly after discussing with its financial and legal advisers.
Icahn, which acquired a 9.5% stake in Clorox, in February, mentioned that the acquisition price represents a premium of 12% on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Freeport-McMoRan

Posted: 18 Jul 2011 11:35 AM PDT

Metals and mining powerhouse Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) announced that it would release its results for the second quarter of 2011 before the market opens on July 21, 2011.
FCX earned a profit of $1.57 per share in the first quarter of 2011, outshining the Zacks Consensus Estimate of $1.26. In the upcoming quarter, the Zacks Consensus Estimate for Freeport is pegged at a profit of $1.38 per share, reflecting an annualized growth rate of 84.72%. The downside potential of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD In A Pullback After A Bearish Breakout

Posted: 18 Jul 2011 11:28 AM PDT

Prev: GBP/USD Completes a ABC Correction; Bullish Momentum is Tested (7/15)
GBP/USD

- The sterling failed to make a meaningful bullish attempt from the 1.6075 level after an ABC correction last Friday.
- Instead of making new highs, the market hammered at the support until breaking it today, and falling to the 200SMA in the 1H chart.
- Note the RSI reading finally broke below 40 to kill the bullish momentum, and even shows some short-term bearish momentum as the reading kissed 30.
- At the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: WANTED: Buyers

Posted: 18 Jul 2011 11:18 AM PDT

Cusick’s Corner
Buyers Wanted. The market cannot find a bid and sliced through support, 1300 on the S&Ps, and into the midday traders are waiting to see if a bid shows up in any segment other then bonds. With the Moody’s news, battle on Capitol Hill, and continued EU debt risk, the shorts are in control. While this is not capitulation on the short side, keep an eye on support, 1285 on the S&P, to see if the bid resurrects itself especially since we finished on a run up Friday. We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Tests 100 Hour MA And Thursday’s High

Posted: 18 Jul 2011 11:17 AM PDT

The USDCHF has continued the run up and is now testing key target resistance against the 100 hour MA (blue line) at the 0.8191 level and the last Thursday high at the 0.8198 level.   There should be some profit taking against the first test of this line.  The market has not been above the 100 hour MA since July 8th.  A move above, however, opens the upside for further upward potential with the 0.8245 level (38.2% of the move down from the July 8th high) being a target … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 18 Jul 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0597, down 0.52% at time of writing.<br/><br/> The pair was likely to find support at 1.0561, today&rsquo;s low, and resistance at 1.0804, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.001% to hit 1.3289 and AUD/JPY falling 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Approaches Trendline Resistance At 1.4085

Posted: 18 Jul 2011 11:06 AM PDT

The EURUSD has continued to rotate back higher and now approaches the trendline resistance at 1.4085 (2 in the chart above) . The high in the NY session got to within 4 pips of the trendline earlier (1.4094 vs 1.4098 at 1) but backed off. Now with the line sloping to the downside, the hurdle above the trendline is less.
Should the price squeeze above this resistance, the next target for the pair will be the high for the NY session at the 1.4094 level followed by the 100 hour MA at the 1.4411 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Stryker

Posted: 18 Jul 2011 11:02 AM PDT

Orthopedic devices giant Stryker Corporation (NYSE:SYK) is slated to report its second-quarter fiscal 2011 results after the closing gong on Tuesday, July 19. The Michigan-based company expects foreign currency to favorably impact sales by roughly 3%-4% in the quarter. The current Zacks Consensus Estimate for revenues and earnings for the second quarter are $2,007 million and 90 cents a share, respectively.
First-Quarter Recap
Stryker's first-quarter fiscal 2011 adjusted (excluding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hasbro Beats Top And Bottom Lines

Posted: 18 Jul 2011 11:00 AM PDT

Hasbro Inc. (NYSE:HAS) reported second quarter 2011 earnings per share of 42 cents, which exceeded the Zacks Consensus Estimate of 38 cents and improved from 29 cents earned in the year-earlier quarter. The quarter's earnings included a favorable tax adjustment of 15 cents a share as well as a cost of 6 cents for severance and relocation associated with establishing a Center of Excellence for Hasbro Games in Rhode Island.
Hasbro's net revenue of $908.5 million in the quarter grew a solid 23.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will The U.S. Default Before Greece?

Posted: 18 Jul 2011 11:00 AM PDT

 
Second quarter earnings season “officially” got underway this week when Alcoa (NYSE:AA) reported, followed by a handful of other big firms like J.P. Morgan (NYSE:JPM) and Google (NASDAQ:GOOG). However, last week’s trickle will turn into a flood this week.
We already have 36 S&P 500 firms that have reported second quarter results. We are off to a very strong start. Those 36 firms posted total net income growth of 20.9% over a year ago. That’s down from the 33.6% growth that those same 36 firms … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Insurance Footprint Grows

Posted: 18 Jul 2011 11:00 AM PDT

Technology outsourcing and consulting major Accenture plc (NYSE:ACN) recently extended its footprint in the insurance vertical. Last week, it signed an agreement to acquire the property and casualty (P&C) insurance solutions provider Duck Creek Technologies, for an undisclosed amount. The acquisition is expected to close by mid August.
Founded in 2000, Missouri-based Duck Creek has evolved as a prominent P&C policy administration solutions provider in North America and the U.K. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Consumer Is Alive And Kicking

Posted: 18 Jul 2011 11:00 AM PDT

On Thursday, I wrote a piece titled “The Seven ‘C’s’ of Recovery Optimism” with my last, and possibly weakest, point for the continuing economic expansion being the resiliency of the American consumer. Today, I will highlight where the strong consumer is spending her money and how that’s driving the earnings and stock prices of several top companies.
First, a few points about where I got this wrong and where I got it right in the last two years. This is what I said yesterday about my … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exclusive Interview: Will Rhind, MD Of ETF Securities

Posted: 18 Jul 2011 10:53 AM PDT

07/18/11 Will Rhind, Managing Director of ETF Securities discusses the precious metals market after ringing the Opening Bell at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Quick Intraday Peek Inside The SP500 At The 1300 Level

Posted: 18 Jul 2011 10:43 AM PDT

To follow-up with my prior morning post on the "Monday Morning Stock Index Update at Midpoint Value Areas," I thought it would be helpful to show the current structure of the 1-min chart during lunchtime.
In other words, we're all watching the "Make or Break" 1,300 region, but what is the market saying?
Let's take a peek:

We're seeing the plain SP500 Price Chart with the 3/10 Oscillator and the NYSE TICK (Internal).
What's the message?
Going down in to the 1,300 level, the key … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Concerned About Bigger Macro Issues”

Posted: 18 Jul 2011 05:38 AM PDT

07/18/11 ICAP’s Kenneth Polcari discusses Monday’s decline in equities and the pullback in the financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MoneyGram-Canada Post Bond Stronger

Posted: 18 Jul 2011 10:35 AM PDT

As part of its growth strategy to align with post offices, MoneyGram International Inc. (NYSE:MGI) has renewed its contract with Canada Post and added bill payment services to its product offerings. Canada Post is the largest retail network in Canada.
The alliance between MoneyGram and Canada Post dates back to 2002, when Canada Post started offering core MoneyGram services at its post offices and retail locations. The renewal comes with the addition of emergency next day bill payment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Nucor Corporation

Posted: 18 Jul 2011 10:35 AM PDT

Nucor Corporation (NUE) will release its results for the second quarter of 2011 before the market opens on July 21, 2011.
Nucor reported a stupendous increase in profit to $190.8 million or 56 cents per share in the first quarter of 2011, surpassing the Zacks Consensus Estimate by 21 cents and its own guidance range of 30 cents–35 cent.
In the upcoming quarter, the Zacks Consensus Estimate for Nucor is pegged at a profit of 81 cents per share, reflecting an annualized growth of 179.69%.
With … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JLL Swells Its Kitty In Australia

Posted: 18 Jul 2011 10:35 AM PDT

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), has recently decided to acquire Australian fund manager Trinity Funds Management for A$9.3 million from Australian property group Trinity Group and property firm Clarence Property Corp. The acquisition is a concerted effort by Jones Lang to increase its assets under management (AUM) in Australia to A$5 billion dollars by 2016.
With the deal, the company has presently swelled its AUM kitty in the country to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Huntington Bancshares Upgraded

Posted: 18 Jul 2011 10:35 AM PDT

We have upgraded our recommendation on Huntington Bancshares Inc. (NASDAQ:HBAN) to Outperform from Neutral following a detailed analysis of the company's fundamentals in light of the current economic environment.
The company's loan portfolio is growing far more impressively than its peers.
Huntington reported first quarter 2011 earnings of 15 cents per share, beating the Zacks Consensus Estimate of 12 cents.
However, after including the impact of a one-time addition to litigation reserves, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Litany Of Woes Sparks Renewed Bearish Options Trades On Inverse ETF

Posted: 18 Jul 2011 10:28 AM PDT

Litany of woes sparks renewed bearish options trades on inverse ETF
Today's tickers: SH, CLX, NABI & HWD
(SH) – ProShares Short S&P 500 – Bearish investors are scooping up calls on the ProShares Short S&P 500 ETF this morning with 95% of stocks in the U.S. benchmark Index trading in the red today. Shares in the SH, an exchange-traded fund designed to correspond to the inverse of the daily performance of the S&P 500 Index, are up 1.45% to arrive at $41.55 as of 12:00 pm on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In U.S. Trading Hours

Posted: 18 Jul 2011 10:20 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 79.09, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday&rsquo;s low, and resistance at 79.60, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.73% to hit 1.4052 and GBP/USD falling 0.70% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monday Morning Stock Index Check At Midpoint Value Area

Posted: 18 Jul 2011 09:58 AM PDT

Monday's not off to a great start for the triple US Equity Indexes so far.
Let's take a look at the Dow Jones, S&P 500, and NASDAQ Indexes as they all sit atop the Midpoint or "Value Area" of their 2011 trading range reference areas.
Let's start with the Dow Jones, which shows a "Rising" Range as opposed to the other indexes:

Relatively speaking, the Dow Jones is 'stronger' than the NASDAQ or SP500 in terms of the Rising Value Range and the fact that the Dow formed a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 1.55%

Posted: 18 Jul 2011 09:55 AM PDT

Forexpros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.55%, London&rsquo;s FTSE 100 shed 1.55%, France&rsquo;s CAC 40 declined 2.04% and the EURO STOXX 50 was down 1.98%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.29%; the S&P 500 index shed 1.36%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Looking At 1.24 After Clearing 1.28; Wait For Pullback?

Posted: 18 Jul 2011 09:53 AM PDT

Prev: Aussie Remains Pressured after RBA Meeting Minutes (6/21)
AUD/NZD

- After breaking below an important support at 1.28, the AUD/NZD went on to break below the 1.2720, 61.8% retracement level.
- The daily chart shows the RSI pushed back below 30 to establish further bearish momentum; Price action has been sharply bearish, pushed lower yesterday after NZD  Q2 CPI came out higher than expected (1.0%, forecast: 0.8%, previous: 0.8%).
- The RBA meeting minutes are due tonight at 9:30PM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Highland Gold Upbeat On Latest Exploration Results At Unkurtash Project

Posted: 18 Jul 2011 02:58 AM PDT

AIM quoted mining company Highland Gold Mining (LON:HGM) has announced positive results from its ongoing exploration programme at Unkurtash in Kyrgyzstan. Highland – whose largest shareholders include industry giant Barrick Gold (NYSE:ABX) and an investment vehicle controlled by Russian oligarch Roman Abramovich – said the latest results underlined its vision for developing a large open-pit mineable gold resource at Unkurtash.

Highland has earmarked US$20 million of an overall US$30 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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