DailyMarkets.com - Hot Option Plays: Recovery In Place?

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• Hot Option Plays: Recovery In Place?
• Forex – Dollar Mixed After Job Data Announcement
• Statoil, FMC In $43M Workover Deal
• Lender Processing CEO Resigns
• Mortgage Aid Extended To Unemployed Americans
• DOW In Joint Venture With Ube
• PNC Financial Stays Neutral
• Toyota To Upgrade Canada Plants
• The Day Ahead: US Employment Report – Nonfarm Payrolls, Unemployment Rate, Wholesale Trade, Consumer Credit
• ARW’s BeMicro Adds Motor Control
• Walgreen’s June Sales Swell
• Forest Oil Updates Forecast
• June Traffic Dips For Delta
• Stock Picks And Trade Ideas For Friday, July 8
• The D.C. Taxi Hobgoblin And Government “Solution” To A “Non-Problem”: Create A D.C. Taxicab Cartel
• Highwoods Renews Lease
• Petrobras Strikes Oil Yet Again
• Hot Topic Comps Steady
• Hot Option Plays: Blue Light Special
• Bed Bath & Beyond Is Still Neutral
• Eni Commences Appaloosa Oil Flow
• Closing Bell Market Monitor: NYX, M
• Forex – EUR/USD Up At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Cyberonics Stays Neutral
• ATHN Seals AthenaCollector Deal
• Southwest Offers Summer Sale
• Earnings Scorecard: Family Dollar
• Renewables From Duke Energy
• McDermott Secures SURF Deal
• AutoNation’s June Sales Up 3%
• Sara Lee Pitches Hillshire To Women
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 0.74%
• CNQR Acquires GlobalExpense
• AAR Corp. Posts Strong Results
• Berkshire In Race For Citi Unit?
• Neutral On AK Steel
• Cabela’s Closes Secured Notes Sale
• Forex – GBP/USD Down During The U.S. Session
• Initiating HMA At Neutral
• General Dynamics Wins Task Order
• Forex – USD/CAD Down In U.S. Trade
• Denmark’s Central Bank Raises Lending Rate 25bps To 1.55%
• Excel Trust Sells Assets
• Novartis’ Lung Drug Cleared In US
• Nokia To Disconnect Itself From Japan
• Massive Trade In American Eagle Calls Commands Attention
• Forex – EUR/USD Up In U.S. Trading Hours
• Ashford Prices Share Offering
• Japanese Approval For Merck Products
• Forex – AUD/USD Up In U.S. Trade
• TOTAL Strengthens Italian Footprint
• Equinix Offers 7% Senior Notes
• “ADP…not A Complete Picture”
• Forex – NZD/USD Up During The U.S. Session
• CA To Support StratITsphere Cloud
• Dollar Wraps Up Risicum Deal
• Tyco Concludes KEF Buy
• ADP Sees Better Than Expected Growth
• Bank Of England Holds Monetary Policy Stance Unchanged
• ECB Hikes Monetary Policy Interest Rate 25bps To 1.50%
• Euro Rebounds, Dollar Still Strong
• Today’s Jump In ADP Tips A Stronger Non-Farm Payroll Report Tomorrow?
• European Markets Close Higher; Dax Up 0.54%
• Jan Nelson’s Platinum Plan For Pan African Resources
• ECB Signals Inflation Concern, Another Rate Hike In The Book For 2011
• John Templeton Screen: Bargain Hunting Across The Globe

Hot Option Plays: Recovery In Place? Posted: 07 Jul 2011 04:17 PM PDT Cusick’s Corner Now we wait for payrolls and unemployment pre-market and while that is important, the market already ran up on what is expected to be a better than expected private payrolls. So what does this mean for all of us if we start seeing data like this? Well, recovery is in place, quelling the fears of last week. The long and short — the tone is strong to the upside, in spite of the overbought nature of the market. I trade the market based on what I can see and understand and right … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed After Job Data Announcement Posted: 07 Jul 2011 04:02 PM PDT Forex Pros – pros – The U.S. dollar was mixed Thursday against its major counterparts following the release of labor data showing employment growth far exceeding market expectations and an encouraging sign that recovery in the U.S. economy was beginning to gather momentum.<br /><br />During early Asian trade the greenback was up against the euro, with EUR/USD falling 0.03% to hit 1.4358.<br /><br />Earlier in the day, official figures from Automatic Data Processing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil, FMC In $43M Workover Deal Posted: 07 Jul 2011 04:00 PM PDT Statoil ASA (NYSE:STO) has awarded a $43 million contract to FMC Technologies Inc. (NYSE:FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As per the agreement, FMC will manufacture and provide eight workover adapters for horizontal subsea production trees, five adapters for drill pipe landing strings and topside controls. The equipment, which will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lender Processing CEO Resigns Posted: 07 Jul 2011 04:00 PM PDT Lender Processing Services Inc (NYSE:LPS), a provider of integrated technology and outsourced services to the mortgage lending industry in the United States, recently announced that its Chief Executive Officer (CEO) and President Jeffrey S. Carbiener has stepped down citing health issues. Jeffrey has served as the President and CEO of Lender Processing since its spin-off from the parent company Fidelity National Information Services, Inc (NYSE:FIS) in July 2008. Jeffrey played a key role in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mortgage Aid Extended To Unemployed Americans Posted: 07 Jul 2011 03:57 PM PDT 07/07/11 The Obama administration may give some unemployed homeowners a reprieve, with a year of forbearance on mortgage … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DOW In Joint Venture With Ube Posted: 07 Jul 2011 03:35 PM PDT The largest U.S. chemicals manufacturer, The Dow Chemical Company (NYSE:DOW) and Japanese chemical company Ube Industries Ltd. entered into a joint venture to capitalize on the growing demand for lithium-ion batteries and expand its alternative energy offerings. The Midland, MI-based chemical giant’s joint venture with Ube Industries Ltd. will manufacture electrolytes for lithium-ion batteries that are used in hybrid and electric vehicles as well as other applications. It will be the first time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Financial Stays Neutral Posted: 07 Jul 2011 03:35 PM PDT We have reiterated our Neutral recommendation on PNC Financial Services Group Inc. (NYSE:PNC).  The reaffirmation follows a detailed analysis of the company's fundamentals, its strengths, opportunities, weaknesses and recent acquisitions sprees as well as the current economic environment. PNC Financial's first-quarter 2011 adjusted earnings of $1.57 per share were ahead of the Zacks Consensus Estimate of $1.37. Results reflected a substantial contraction in provision for credit losses, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota To Upgrade Canada Plants Posted: 07 Jul 2011 03:35 PM PDT Toyota Motor Corp. (NYSE:TM), along with the government of Canada, plans to invest C$545 million ($567.7 million) to upgrade its two assembly plants in Ontario. The Canadian federal government and the Ontario government will each invest C$70.8 million ($73.7 million) in the plants while the rest of the amount will be invested by Toyota. The investment program, Project Green Light, is aimed at making the Cambridge and Woodstock plants more efficient and environmentally friendly. It will upgrade the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Employment Report – Nonfarm Payrolls, Unemployment Rate, Wholesale Trade, Consumer Credit Posted: 07 Jul 2011 10:20 AM PDT 07/07/11 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

ARW’s BeMicro Adds Motor Control Posted: 07 Jul 2011 03:05 PM PDT Arrow Electronics (NYSE:ARW) has recently expanded its BeMicro SDK (Software Development Kit) platform to BeMicro SDK Motor Control kit, supporting the development of a motor-control design within a single Field-programmable Gate Array (FPGA) device. BeMicro SDK uses the USB stick format and its benefits include compact size, low cost, reference designs, software templates, self-guided materials and expanded software design features. Based on the technology provided by the company's partners … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen’s June Sales Swell Posted: 07 Jul 2011 03:05 PM PDT Leading retail pharmacy chain, Walgreen (NYSE:WAG) reported sales of $6.04 billion in June, up 6.8% from the year-ago period. Total front-end sales increased 6.4% while comparable store's front-end sales increased 4.7%. Prescriptions filled at comparable stores went up by 5%, which was impacted by 0.3 percentage points due to calendar day shifts. Pharmacy sales that accounted for 65.6% of total sales increased 6.2% with 4.9% higher comparable pharmacy sales. Comparable pharmacy sales were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forest Oil Updates Forecast Posted: 07 Jul 2011 03:05 PM PDT An independent oil and gas company Forest Oil Corporation (NYSE:FST) provided guidance for the second quarter as well as second half of 2011. The company's forecasts are mainly reflective of the more oil-weighted development initiatives through the expansion of its Eagle Ford Shale drilling program and the commencement of drilling activity in the Wolfcamp Shale oil play. For the second quarter of 2011, Forest Oil expects net sales volumes to average between 333 million and 337 million cubic feet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

June Traffic Dips For Delta Posted: 07 Jul 2011 03:05 PM PDT Delta Air Lines Inc. (NYSE:DAL) reported a 1.5% year-over-year traffic decline in June. Airline traffic is measured in billions of revenue passenger miles, which means one mile flown by one passenger. Capacity (or, available seat miles) grew 0.2% year over year and load factor (percentage of seats filled with passengers) dipped 140 basis points (bps) year over year. Domestic traffic dropped 2.7% year over year due to a capacity decrease of 1.5%. Load factor also declined 110 bps to 86.5%. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Picks And Trade Ideas For Friday, July 8 Posted: 07 Jul 2011 02:44 PM PDT ( click to enlarge ) FiberTower Corporation (NASDAQ:FTWR) – 50-day SMA acting as support for now. Recent high was $1.85. Worth watching. Strong volume  pattern. ( click to enlarge ) Bravo Brio Restaurant Group, Inc. (BBRG) – Looking good for $25.16 breakout. ( click to enlarge ) Macy’s, Inc. (NYSE:M) broke out today on nice volume. For those who did not have a chance to buy the stock, any pull back is your buying opportunity. ( click to enlarge ) XenoPort, Inc. (NASDAQ:XNPT) looks like is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The D.C. Taxi Hobgoblin And Government “Solution” To A “Non-Problem”: Create A D.C. Taxicab Cartel Posted: 07 Jul 2011 02:39 PM PDT Coming to D.C.? In the 1920s, H.L. Mencken said “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.”    Exhibit A:  Taxicabs in Washington, D.C. are plentiful (estimated to number as high as 10,000), accessible and easy to find almost any time or day, and with fares cheaper by 20-25% than regulated, limited entry markets (“cartels”) like NYC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Highwoods Renews Lease Posted: 07 Jul 2011 02:35 PM PDT Highwoods Properties, Inc. (HIW), a real estate investment trust, recently renewed its lease at 2635 Century Center in Atlanta with the General Services Administration (GSA) on behalf of the Federal Bureau of Investigation (FBI). Highwoods' property at the 2635 Century Center spans 137,000 square feet. This new lease will be effective after the current lease expires in July 2012 and does not carry any outside brokerage fees. General Service Administration presently leases approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Petrobras Strikes Oil Yet Again Posted: 07 Jul 2011 02:35 PM PDT Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the discovery of two new oil and gas fields in the Espirito Santo basin, netting three finds in the arena. Although the estimated size of the fields was not disclosed, they definitely strengthen Petrobras' position in the deepwater region. As per the Brazilian state-run company, the wells 1-BRSA-939-ESS and 1-BRSA-936D-ESS, named "Pe-de-moleque" and "Quindim," respectively, are in the BM-ES-23 exploration block. These are located … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Topic Comps Steady Posted: 07 Jul 2011 02:35 PM PDT HOT Topic Inc. (NASDAQ:HOTT) reported positive same-store sales of 0.4% for the month of June, repeating the performance in its sequentially preceding quarter and way ahead of the 2.1% fall in the year-earlier period. The company reported the third consecutive month of positive same-store sales after 23 months on the trot of negative comparables.  Prior to it, the company had last registered same-store sales growth of 3.1% way back in April 2009. However, Hot Topic recorded a 1.8% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Blue Light Special Posted: 07 Jul 2011 02:17 PM PDT Cusick’s Corner Where is the next Blue Light Special? (Check out AEO in Bullish Flow.) The Consumer Discretionary sector, XLY +1.61%, is outperforming the general market, S&Ps +1.05%, and Retail is red hot today after Junes sales data came out. Along with the Claims data coming better than expected and now getting in to a more palatable level of 410K, that sideline money that I discussed last week is scrambling to get into this market. While this is a catalyst, this is spec capital that can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bed Bath & Beyond Is Still Neutral Posted: 07 Jul 2011 02:05 PM PDT We have maintained our long-term Neutral recommendation on Bed Bath & Beyond Inc. (NASDAQ:BBBY) with a target price of $62.00 per share. Moreover, the company has a Zacks #1 Rank, implying a short-term Strong Buy rating on the stock. Bed Bath & Beyond is currently in the midst of a brisk store expansion program. The company is expecting to open a greater number of stores during fiscal year ending in February 2012. During fiscal year ended in February 2012, the company has opened 45 new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eni Commences Appaloosa Oil Flow Posted: 07 Jul 2011 02:05 PM PDT Italian oil major Eni SpA (NYSE:E) announced the start-up of oil production from the Appaloosa field in the deepwaters of the U.S. Gulf of Mexico (GoM). This follows the Nikaitchuq field start-up in Alaska earlier this year and strengthens Eni's hold as a producer in the GoM. The Appaloosa oil field is situated in 2,500 feet deep waters about 60 miles offshore the Louisiana coast southwest of New Orleans. Production started on June 21, using a 20 mile flow line tied back to the Eni operated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: NYX, M Posted: 07 Jul 2011 02:00 PM PDT 07/07/11 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 Up At The End Of U.S. Session Posted: 07 Jul 2011 01:55 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4358, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.4222, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 07 Jul 2011 01:40 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/JPY was trading at 81.21, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 80.54, Monday&rsquo;s low, and resistance at 81.41, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cyberonics Stays Neutral Posted: 07 Jul 2011 01:35 PM PDT We recently reiterated our Neutral recommendation on Cyberonics (NASDAQ:CYBX) with a target price of $30.00, following our assessment of its fourth quarter 2011 results. Cyberonics reported fourth quarter 2011 EPS of 26 cents, which missed the Zacks Consensus Estimate of 29 cents and were well below the year-ago quarter adjusted EPS of 40 cents. The year-over-year decline was attributable to significant increase in income tax expense ($5.5 million in the reported quarter compared with the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ATHN Seals AthenaCollector Deal Posted: 07 Jul 2011 01:35 PM PDT Leading medical billing and records software provider athenahealth (NASDAQ:ATHN) has expanded its partnership with University Hospitals ("UH"), a major community-based health systems in the U.S.  Under the agreement, UH will deploy Athenahealth's flagship web-based medical billing and practice management solution "athenaCollector" to University Hospitals Case Medical Center, its academic medical center. Cleveland-based University Hospitals Case Medical Center, the primary affiliate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southwest Offers Summer Sale Posted: 07 Jul 2011 01:35 PM PDT Southwest Airlines (NYSE:LUV) announced discounts on its flight tickets for summer travel. The discounted airfares will vary from $39 to $179 each way across the U.S. The sale ends on July 14 and is being levied on travel between August 23 and December 14. The airfare sale comes with conditions like no travel on Fridays and Sundays and blackout dates like Labor Day. Seats remain limited and the offer might not be valid on every flight. Weighing up the seasonal benefits to business, Southwest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Family Dollar Posted: 07 Jul 2011 01:35 PM PDT Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently posted third-quarter 2011 results. Street analysts had a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Earnings Report Review Family dollar's quarterly earnings of 91 cents a share missed the Zacks Consensus Estimate of 95 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Renewables From Duke Energy Posted: 07 Jul 2011 01:35 PM PDT Duke Energy Corporation (NYSE:DUK) announced that its unit Duke Energy Renewables will build and operate a 131-megawatt (MW) Cimarron II Windpower Project in Gray County, Kansas. This new project is another addition to Duke Energy’s renewable power generation portfolio. The company has invested around $1.5 billion in its renewable generation assets since 2007. Duke Energy has purchased this wind power project from CPV Renewable Energy Company, based out of Silver Spring, Maryland. The first phase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDermott Secures SURF Deal Posted: 07 Jul 2011 01:35 PM PDT The Australian unit of McDermott International Inc. (NYSE:MDR) has won a deepwater offshore contract for the Macedon Gas Project in Western Australia. Per the terms of the deal, the company would be involved in engineering and construction of the project along with structural transportation and installation of subsea infrastructure. This happens to be McDermott's first SURF (Subsea, Umbilicals, Risers and Flowlines) venture in Australia. The scope of the deal includes thorough engineering, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AutoNation’s June Sales Up 3% Posted: 07 Jul 2011 01:35 PM PDT AutoNation Inc. (NYSE:AN), the largest automotive retailer in the U.S., is about twice the size of its nearest competitor. It recently announced its sales results for June 2011.  The company's retail new vehicle unit sales for the month amounted to 16,564, an increase of 3% from 16,153 units reported in June last year. Specifically speaking, retail new vehicle sales were 5,638 units for the Domestic segment, 7,564 units for the Import segment and 3,362 units for the Premium Luxury segment. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sara Lee Pitches Hillshire To Women Posted: 07 Jul 2011 01:35 PM PDT Hillshire Farm, a popular brand of meat owned and marketed by Sara Lee Corporation (NYSE:SLE), launches a new ad campaign 'So Good, They’ll Think It’s For Them' to attract the women customers and add to the success of the already existing 'Go Meat' tagline. Unlike the 'Go Meat' campaign which featured men in the backyards cheering for their Hillshire Farm sausage, the new commercial plays on the secret desires of women to be an excellent homemaker and care for their family by offering … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 07 Jul 2011 01:25 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4360, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4222, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.74% Posted: 07 Jul 2011 01:10 PM PDT Forex Pros – pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.74%, the S&P 500 index gained 1.05%, while the Nasdaq 100 index climbed 1.44%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 157K last month, from 36K in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNQR Acquires GlobalExpense Posted: 07 Jul 2011 01:00 PM PDT Washington-based Concur Technologies Inc. (NASDAQ:CNQR) recently completed the acquisition of GlobalExpense for £12 million (US$19.7 million) and an earn-out payment of £2 million on achievement of certain milestones. GlobalExpense is a London-based end-to-end expense management solutions provider. The acquisition of GlobalExpense is expected to add $0.5 million to the fourth quarter 2011 revenues of Concur Technologies while as much as $5 million to the fiscal year figures. The company also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AAR Corp. Posts Strong Results Posted: 07 Jul 2011 01:00 PM PDT AAR Corp. (NYSE:AIR), the provider of aircraft parts and maintenance, posted encouraging results for the fourth quarter and fiscal 2011. The company's net income from continuing operations surged by approximately 91% to $22.7 million or $0.55 per share compared with $11.9 million or $0.31 per share earned in the prior-year quarter. Earnings per share also surpassed the Zacks Consensus Estimate of $0.46 per share. For FY11, income from continuing operations was recorded at $73.1 million, or $1.81 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkshire In Race For Citi Unit? Posted: 07 Jul 2011 01:00 PM PDT Berkshire Hathaway Inc. (NYSE:C), according to a Wall Street Journal report. Berkshire is a part of the bidding group comprising private-equity investment firm Centerbridge Capital Partners LLC and Leucadia National Corp. (NYSE:LUK) and is said to be negotiating the deal. Last Friday, Citigroup completed the rebranding of its entire U.S. full service network of 1,300 stores from CitiFinancial to OneMain Financial. The rebranding plan was announced last December. The rebranding gives the company an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On AK Steel Posted: 07 Jul 2011 01:00 PM PDT We are maintaining our Neutral recommendation on AK Steel Holding Corporation (NYSE:AKS). The company recorded first-quarter 2011 EPS of $0.08, beating the year-ago quarter's $0.02 and striding ahead of the Zacks Consensus Estimate for a loss of a penny. AK Steel expects a strong increase in shipments in the second quarter over the first quarter. The shipments are expected to be in the range of 1,500,000 and 1,550,000 tons. The company also anticipates its average per ton selling price to be 7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cabela’s Closes Secured Notes Sale Posted: 07 Jul 2011 01:00 PM PDT In a move to supplement its Financial Services Segment, Cabela's Inc. (NYSE:CAB) recently announced that its Credit Card Master Note Trust has concluded the sale of secured Notes worth $300 million. The company distributed the issuance into three parts, including $155 million of Class A-1 Notes carrying a fixed rate of 2.39% per annum, and $100 million of Class A-2 Notes with a floating rate interest equal to one-month LIBOR along with 0.60% per annum. Moreover, the company sold three … [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: 07 Jul 2011 12:45 PM PDT Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> GBP/USD was trading at 1.5968, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.5945, today&rsquo;s low, and resistance at 1.6140, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Initiating HMA At Neutral Posted: 07 Jul 2011 12:35 PM PDT We initiate our coverage on Health Management Associates (NYSE:HMA), a leading operator of hospitals, with a Neutral rating. The company runs hospitals in select non-urban markets throughout the U.S., but mostly in the south eastern part of the country. First-quarter 2011 earnings per share of 22 cents beat the Zacks Consensus Estimate by a penny. Health Management had total revenues of $1,434 million in the quarter, of which inpatient and outpatient services contributed about 50% each. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics Wins Task Order Posted: 07 Jul 2011 12:35 PM PDT General Dynamics Information Technology, a business unit of General Dynamics Corporation (NYSE:GD), received a task order to provide enterprise communication services under the Defense Intelligence Agency’s ('DIA') Solutions for the Information Technology Enterprise contract. If all options are exercised, the task order is worth $178 million for five years. Under the contract, General Dynamics will support enterprise data, voice and video communications services across the information … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 07 Jul 2011 12:10 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/CAD was trading at 0.9586, down 0.70% at time of writing.<br/><br/> The pair was likely to find support at 0.9570, today&rsquo;s low, and resistance at 0.9695, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Denmark’s Central Bank Raises Lending Rate 25bps To 1.55% Posted: 07 Jul 2011 12:07 PM PDT The Danmarks Nationalbank raised its key lending rate by 25bps to 1.55% from 1.30% previously, following a similar move by the ECB.  The Bank also raised the interest on certificates of deposit to 1.20%, the current account rate to 1.10%, and the discount rate to 1.25%.  The Bank said in its press release that “The interest rate increase is a consequence of the increase by the European Central Bank of its rate on the main refinancing operations by 0.25 percentage point to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Excel Trust Sells Assets Posted: 07 Jul 2011 12:05 PM PDT Excel Trust, Inc. (EXL), a real estate investment trust (REIT) primarily focusing on retail assets, has recently sold six 'triple-net' leased assets for $39.6 million, generating a net profit of approximately $3.0 million. A 'triple net' lease is one under which the tenant pays all taxes, insurance, and maintenance for the properties, in addition to rent. The properties that were sold included Walgreens in Corbin (South), Kentucky; Walgreens in Barbourville, Kentucky; Walgreens in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis’ Lung Drug Cleared In US Posted: 07 Jul 2011 12:05 PM PDT Novartis AG (NYSE:NVS) recently announced that its once-daily long-acting beta2-agonist (LABA) Arcapta Neohaler (75 mcg) was cleared by the US Food and Drug Administration (FDA) for the long-term maintenance bronchodilator treatment of airflow obstruction in patients with chronic obstructive pulmonary disease (COPD) including chronic bronchitis and/or emphysema. With the approval, Arcapta becomes the first therapy in the LABA class to be approved for the indication in the US. Arcapta is already … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia To Disconnect Itself From Japan Posted: 07 Jul 2011 12:00 PM PDT 07/07/11 Following continued struggles with the popularity of its handsets, the Nokia Corp. announced Thursday that it is abandoning the Japanese … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Massive Trade In American Eagle Calls Commands Attention Posted: 07 Jul 2011 11:46 AM PDT Massive trade in American Eagle calls commands attention Today's tickers: AEO, AMKR, SWFT & ELX (NYSE:AEO) – American Eagle Outfitters, Inc. – Options on apparel retailer American Eagle are some of the most active today after one big player traded 65,000 February contract call options on the stock. Shares in the name surged 9.1% to an intraday high of $14.32 after June retail sales for apparel and teen stores came in far better than estimated. The run up in the price of the underlying … [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: 07 Jul 2011 11:45 AM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4357, up 0.27% at time of writing.<br/><br/> The pair was likely to find support at 1.4222, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ashford Prices Share Offering Posted: 07 Jul 2011 11:35 AM PDT Ashford Hospitality Trust Inc. (NYSE:AHT), the second largest lodging real estate investment trust (REIT) in the U.S., has recently priced its public offering of 7.0 million common shares at $12.50 each. The equity offer is part of the corporate strategy of the company to raise capital to repay debt. The company will also grant the underwriters an option to purchase an additional 1.05 million shares to cover any over-allotments. Morgan Stanley (NYSE:MS) – a global financial services firm; KeyBanc … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Approval For Merck Products Posted: 07 Jul 2011 11:35 AM PDT Merck (NYSE:MRK) recently announced that it received approval for three products in Japan. The Japanese Ministry of Health, Labour and Welfare (MHLW) approved Gardasil [human papillomavirus quadrivalent (Types 6, 11, 16 and 18) vaccine, recombinant], Zolinza (vorinostat) and Cubicin (daptomycin for injection) for use in Japan. Gardasil gained approval for the prevention of cervical cancer (squamous cell cancer and adenocarcinoma) and their precursor lesions (cervical intraepithelial neoplasm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 07 Jul 2011 11:15 AM PDT Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> AUD/USD was trading at 1.0765, up 0.60% at time of writing.<br/><br/> The pair was likely to find support at 1.0656, Wednesday&rsquo;s low, and resistance at 1.0788, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TOTAL Strengthens Italian Footprint Posted: 07 Jul 2011 11:05 AM PDT French oil producer TOTAL S.A. (NYSE:TOT) recently acquired Esso Italiana's 25% stake in the Gorgoglione concession, comprising the Tempa Rossa field, where the company already has a 50% stake. As part of the deal, TOTAL also bought 51.7% interest each in two other exploration licenses in the same area from Esso Italiana. Located in Basilicata, the Tempa Rossa project is crucial for the economic development of this region. Currently, the project is progressing on the tender calls for the main … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equinix Offers 7% Senior Notes Posted: 07 Jul 2011 11:05 AM PDT Global data center service provider Equinix Inc. (NASDAQ:EQIX) recently commenced a public offering of senior notes worth $750.0 million. Equinix filed for the registration with the U.S. Securities and Exchange Commission. The senior notes will mature in 2021. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as administrative agents for the purpose, along with certain other lenders. The offer will cease on July 13. The notes have been assigned ratings of "BB-" by Standard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“ADP…not A Complete Picture” Posted: 07 Jul 2011 10:55 AM PDT 07/07/11 LandColt Trading’s Todd M. Schoenberger weighs in on the latest jobs data, ahead of Friday’s US employment … [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: 07 Jul 2011 10:45 AM PDT Forex Pros – pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> NZD/USD was trading at 0.8311, up 0.50% at time of writing.<br/><br/> The pair was likely to find support at 0.8234, Tuesday&rsquo;s low, and resistance at 0.8332, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA To Support StratITsphere Cloud Posted: 07 Jul 2011 10:35 AM PDT Information technology (IT) and management software developer, CA Inc. (NASDAQ:CA) recently revealed that its cloud computing, energy management and service assurance solutions will support StratITsphere's new package of cloud-based services (Nimbus) and other offerings. Nimbus was developed on CA AppLogic cloud platform and will be delivered on the same, including virtual private data centers (VPDC) with full failover and disaster recovery capabilities. This should help StratITsphere’s Fortune … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Wraps Up Risicum Deal Posted: 07 Jul 2011 10:35 AM PDT Yesterday, Dollar Financial Corp. (NASDAQ:DLLR) announced the completion of its acquisition of Finnish internet loan provider Risicum Oyj for $46 million. This move is in sync with Dollar's strategy to grow its global internet lending business. Dollar Financial is already a leading pawn lender in Scandinavia. With the acquisition of the Risicum technology and products, which are suitable for the Scandinavian and Baltic region, the company further expands and fortifies its presence in Finland and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tyco Concludes KEF Buy Posted: 07 Jul 2011 10:35 AM PDT Tyco International Ltd. (NYSE:TYC) announced that it has completed the acquisition of a 75% stake in KEF Holdings Ltd., which is a UAE-based integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries. This acquisition of KEF was first announced on March 21, 2011. The transaction is relatively small, valued at approximately $300 million. The acquisition of KEF holdings is in line with Tyco's strategy of strengthening its market position … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Sees Better Than Expected Growth Posted: 07 Jul 2011 10:35 AM PDT The Automatic Data Processing (NYSE:ADP) employment survey was much stronger than expected in June. It shows that private sector employment rose by 157,000, far above consensus expectations for a 60,000 increase. That marks a nice acceleration from the 36,000 jobs added (as estimated by ADP) in May. The May numbers were revised down from a gain of 38,000 jobs. This is an encouraging report if confirmed by the BLS non-farm payroll report tomorrow. It is not a great report in an absolute sense, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of England Holds Monetary Policy Stance Unchanged Posted: 07 Jul 2011 10:15 AM PDT The Bank of England (BoE) held the official Bank Rate, which is paid on commercial bank reserves, unchanged at 0.50%, as expected.  The BoE also made no changes to its 200 billion pound asset purchase program.  The Bank does not supply commentary with its monetary policy decisions, however the minutes of the monetary policy committee meeting will be published at 9.30am on Wednesday the 20th of July 2011, according to the Bank’s announcement. The Bank also held the official … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ECB Hikes Monetary Policy Interest Rate 25bps To 1.50% Posted: 07 Jul 2011 10:03 AM PDT The European Central Bank (ECB) increased the Main refinancing operations rate by 25 basis points to 1.50% from 1.25% and increased (+25bps) the Marginal lending facility to 2.25% and Deposit facility to 0.75%.  The Bank said: “The further adjustment of the current accommodative monetary policy stance is warranted in the light of upside risks to price stability. The underlying pace of monetary expansion is continuing to gradually recover, while monetary liquidity remains ample … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rebounds, Dollar Still Strong Posted: 07 Jul 2011 10:00 AM PDT 07/07/11 The euro posted a slight rebound this afternoon on ECB statements while the dollar remains relatively strong following positive jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Today’s Jump In ADP Tips A Stronger Non-Farm Payroll Report Tomorrow? Posted: 07 Jul 2011 09:55 AM PDT Positive NFP Report Can Set the Stage for Risk Appetite, but also Some USD Gains Positive Scenario: If the ADP report is as predictive as it was in May, and non-farm payrolls come in at 150K or greater that will boost risk sentiment and help equities to rally. We are seeing a bit of that already following the ADP report as traders price in a better NFP reading. Traders and investors are looking for signs from the US economy that it is past the "rough patch" we saw in the 2nd quarter. If … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.54% Posted: 07 Jul 2011 09:55 AM PDT Forex Pros – pros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.54%, London&rsquo;s FTSE 100 gained 0.86%, France&rsquo;s CAC 40 climbed 0.47% and the EURO STOXX 50 was up 0.42%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 157K last month, from 36K in the preceding month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jan Nelson’s Platinum Plan For Pan African Resources Posted: 07 Jul 2011 09:51 AM PDT Later this year, Pan African Resources (LON:PAF), the South African mining group that has spent the last six years building a gold business, will turn its hand to platinum group metals. It is a move that CEO Jan Nelson says will not only boost profits but also prove to investors the company's ambition to build a wider portfolio of projects. As the majority owner of the 2.5 million ounce Barberton Mines gold operation, Pan African last year produced close to 100,000 ounces of gold. Since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ECB Signals Inflation Concern, Another Rate Hike In The Book For 2011 Posted: 07 Jul 2011 06:28 AM PDT The ECB as expected hiked rates by another 25 basis points to 1.5%. The EUR was on the backfoot overnight, and slid in the wake of the 7:45AM ET announcement. However, during Trichet's comments, the EUR got a bit of a bounce, as Trichet used phrasing signifying that an interest rate meeting may come in September, the meeting after next. From the Introductory Statement: "Based on its regular economic and monetary analyses, the Governing Council decided to increase the key ECB interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

John Templeton Screen: Bargain Hunting Across The Globe Posted: 07 Jul 2011 12:38 AM PDT In Brief  A contrarian approach with a global outlook based on the search for bargain companies around the world offering low valuations and an excellent long-term outlook. quot;Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell". Background John Marks Templeton was born in the USA in 1912. He attended Yale University and went on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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