Thursday, July 28, 2011

DailyMarkets.com - More Female Entrepreneurs Rely On Credit Cards To Finance Their Business

DailyMarkets.com - More Female Entrepreneurs Rely On Credit Cards To Finance Their Business


More Female Entrepreneurs Rely On Credit Cards To Finance Their Business

Posted: 28 Jul 2011 07:35 AM PDT

Since women-owned businesses are growing twice as fast compared to those owned by men, I thought it would be interesting to share with you a recent survey by PNC Financial Services (NYSE:PNC) on the outlook of women business owners and how they finance their businesses.

Despite the US economy being in the doldrums, the majority of women surveyed were optimistic about their businesses, as 61% of them said that their company was meeting or exceeding expectations, and 82% said they were expecting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S Pending Home Sales Rise Unexpectedly In June

Posted: 28 Jul 2011 07:14 AM PDT

Forexpros – Pending home sales in the U.S. rose unexpectedly in June, with all regions show strong double-digit gains from a year ago, industry data showed on Thursday.<br /><br />In a report, the National Association of Realtors said its pending home sales index rose by 2.4% in June, after jumping by 8.2% in May.<br /><br />Analysts had expected pending home sales to fall by 2.0% in June.&nbsp;&nbsp; <br /><br />Year-over-year, U.S. pending home … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF New Lows But Just Barely. Limited Upside. Patience.

Posted: 28 Jul 2011 07:05 AM PDT

The USDCHF continues to make a new low each day of the week, but the lows are not followed by increased momentum.  The moves back higher are equally as uninspiring which is indicative of a balanced market.  The stagnation has allowed the 100 hour MA to start to catch up with the market (blue line in the chart above). This level will be eyed closely.  A test of the level should solicit sellers, with stops on a break above.  The current 100 bar MA is at 0.8048 and coming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Pare Gains After U.S. Jobless Data, U.S. Debt Vote Eyed

Posted: 28 Jul 2011 07:02 AM PDT

Forexpros – Gold futures pared gains on Thursday, after official data showed that U.S. first time jobless claims fell to a three-month low last week, while markets awaited a key vote on a plan to raise the U.S. debt ceiling ahead of the looming August 2 deadline. <br />&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,615.55 a troy ounce during U.S. morning trade, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


House To Vote On Boehner’ Debt Ceiling Bill At 6PM ET – Key Next Step In US Debtmaggedon

Posted: 28 Jul 2011 06:56 AM PDT

The House Bill, which House Majority Leader Boehner had to revise after it was scored poorly by the CBO, is back with tweaks and it seems that he has corralled enough of his caucus that he believes he has the votes to pass it.

From HuffingtonPost: "House Republicans are pressing ahead with a vote on a newly modified plan to stave off an unprecedented government default next week even though the legislation faces a White House veto threat and unanimous opposition among Senate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Want More Jobs? Remove Barriers To Job Creation

Posted: 28 Jul 2011 06:53 AM PDT

Click to enlarge.

From today’s WSJ, an excellent editorial by Chip Mellor and Dick Carpenter, both of the Institute for Justice, about excessive occupational licensing at the state level:

“With the abysmal recent jobs report, it’s tempting to point to flat hiring as another example of the federal government’s impotence at stimulating growth. Lost amid the hand-wringing and focus on Washington, D.C., however, is the unhelpful role of state governments in making joblessness worse.

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


Earnings Scorecard: St. Jude

Posted: 28 Jul 2011 06:50 AM PDT

Medical devices giant St. Jude Medical's (NYSE:STJ) second-quarter fiscal 2011 adjusted earnings per share of 85 cents beat the Zacks Consensus Estimates by a penny and exceeded the year-ago earnings of 79 cents.
The Quarter Revisited
Net income, as reported, slid 5.2% year over year to $241 million (or 72 cents a share) on account of sizable charges related to the company's acquisition of AGA Medical and restructuring of certain activities at its core Cardiac Rhythm Management ("CRM") … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Commodity Currencies Rally Ahead Of U.S. Debt-Limit Vote

Posted: 28 Jul 2011 06:50 AM PDT

The commodity currencies, most notably the Canadian Dollar and the New Zealand Dollar, were among the strongest major currencies in the pre-North American trade as rate hike expectations rose for the Bank of Canada, and the Reserve Bank of New Zealand hinted at a rate hike in the near future following Wednesday's meeting. Rising energy costs have added increased inflationary pressures on the Canadian economy, which in turn have raised rate hike expectations for the world's eleventh largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cliffs Misses Estimates

Posted: 28 Jul 2011 06:36 AM PDT

Cliffs Natural Resources Inc. (NYSE:CLF) posted net earnings of $408 million or $2.92 per share in the second quarter up 56.3%, above last year's $261 million or $1.92 per share. Earnings missed the Zacks Consensus Estimate of $3.72 per share.
Quarterly revenues came in at $1.2 billion, up 52% year over year and also missed the Zacks Consensus Estimate of $1.8 billion. The increase was driven by several factors, including higher pricing in each of Cliffs’ iron ore business segments and increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shell Profit Soars, But Misses View

Posted: 28 Jul 2011 06:36 AM PDT

Europe's largest oil company Royal Dutch Shell plc (RDS.A) reported slightly weaker-than-expected second quarter 2011 results, pulled down by lower production, together with a dip in European and Asian refining margins.
Earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at $2.10, below the Zacks Consensus Estimate of $2.12. Earlier this week, rival BP plc (BP) – still battling to recover from the Gulf of Mexico oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Boeing Company, IAC/InterActiveCorp, Juniper Networks, J P Morgan Chase & Co, Keynote Systems, Lender Processing Services, Inc, Arcelor Mittal, Patriot Coal, Questcor Pharmaceuticals, Range Resources, Sinclair Broadcast Group, Thermo Fisher Scientific Inc

Posted: 28 Jul 2011 06:36 AM PDT

    Boeing (NYSE:BA) reported Q2 EPS of $1.25, beating the Zacks Consensus Estimate of $0.97 per share. Revenues for the quarter rose 6.2% year-over-year to $ 16.5 billion

    Thermo Fisher (NYSE:TMO) reported Q2 EPS of $0.99, ahead of the Zacks Consensus Estimate of $0.98 per share. Revenues for the quarter rose 11.5% year-over-year to $2.90 billion, exceeding the Zacks Consensus Estimate of $2.81 billion

    Arcelor Mittal (NYSE:MT) reported Q2 EPS of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Offloading Hurts Skechers 2Q

Posted: 28 Jul 2011 06:36 AM PDT

Skechers USA Inc. (NYSE:SKX), the designer, marketer and distributor of footwear, recently reported wretched second-quarter 2011 results. Weak top-line performance coupled with the company's aggressive inventory offloading and added product reserve, weighed upon its bottom-line results. Consequently, Skechers delivered a loss of 62 cents a share.
However, excluding the effects of inventory offloading and added product reserve, Skechers delivered a loss of 31 cents a share, which came down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Positive Labor Market Report

Posted: 28 Jul 2011 06:36 AM PDT

The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained in the coming weeks will represent a significant positive for the economy. 

Weekly Jobless Claims dropped 24 thousand to 398 thousand, dropping below the all-important 400 thousand level for the first time in 16 weeks. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stericycle Reports Second Quarter

Posted: 28 Jul 2011 06:36 AM PDT

Stericycle Inc. (NASDAQ:SRCL) has reported its fiscal 2011 second quarter results delivering an EPS of 63 cents versus 61 cents in the year-earlier quarter.
The quarter noted some special items including 5 cents pertaining to acquisition expenses and a cent related to acceleration of term loan fees. Excluding these items adjusted EPS amounted to 69 cents, in line with the Zacks Consensus Estimate and 62 cents in the year-ago quarter.
During the quarter, total revenue reported by Stericycle increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Pares Losses After Upbeat U.S. Jobs Report

Posted: 28 Jul 2011 06:27 AM PDT

Forexpros – The U.S. dollar pared losses against its Canadian counterpart on Thursday, pulling back from the daily low after official data showed that the number of people who filed for unemployment assistance in the U.S. fell more-than-expected last week.<br /><br />USD/CAD pulled back from 0.9457, the daily low, to hit 0.9486 during early U.S. trade, still down 0.11% on the day.<br /><br />The pair was likely to find support at 0.9409, Wednesday&rsquo;s low and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Arris Beats, Outlook In Line

Posted: 28 Jul 2011 06:06 AM PDT

Yesterday, after the closing bell, Arris Group Inc. (NASDAQ:ARRS) declared solid financial results for second-quarter 2011. Furthermore, the company's ensuing third-quarter 2011 financial outlook was in line with the Zacks Consensus Estimates.
EPS
GAAP net income in the second quarter of 2011 was $16.7 million or 13 cents per share compared with a net income of $19.8 million or 15 cents per share in the prior-year quarter. Adjusted (excluding special items) EPS, in the reported quarter was 21 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Profits, Outlook Bright

Posted: 28 Jul 2011 06:06 AM PDT

EI DuPont de Nemours & Co. (NYSE:DD) reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 from $1.16 billion or $1.17 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 4 cents per share.
The improvement in profit was attributable to higher selling prices, increased sales volume and currency benefit, partly offset by higher raw material, energy, and freight costs.
Sales in the quarter grew 19% to $10.3 billion, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Stays Below Flat 100 Hour MA

Posted: 28 Jul 2011 06:05 AM PDT

EUR/JPY To Confirm Bearish Continuation With Double Top

Posted: 28 Jul 2011 06:03 AM PDT

Prev: EUR/JPY Respects 113.50 after an ABC Correction; Bearish Continuation? (7/22)
EUR/JPY

Double Top:
- The EUR/JPY in the 4H chart shows a bearish breakout from a recent correction rally. This correction rally failed to kill the bearish momentum; the RSI failed to sustain a break above 60, and fell below 40. A break below 30 can help lessen the chance of a bear trap.
- The 4H chart also shows a double top broken and heading back towards 109.50 lows. A pullback can surely help confirm, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Add To Gains After Upbeat Jobless Data; Dow Up 0.25%

Posted: 28 Jul 2011 05:46 AM PDT

Forexpros – U.S. stock futures edged higher on Thursday, after better-than-expected data on first time jobless claims, while investors awaited a key vote on a plan to raise the country&rsquo;s debt ceiling ahead of the August 2 deadline. <br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to a modest gain of 0.25%, the S&amp;P 500 futures gained 0.35%, while the Nasdaq 100 futures rose 0.4%.&nbsp; <br /><br />Stock futures added … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Initial Jobless Claims Fall More-than-expected

Posted: 28 Jul 2011 05:44 AM PDT

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending July 22 fell by 24,000 to a seasonally adjusted 398,000, beating expectations for a drop to 412,000.&nbsp;&nbsp; <br /><br />The previous week&rsquo;s figure was revised … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Bounces Off Support. Time To Decide.

Posted: 28 Jul 2011 05:41 AM PDT

The EURUSD has moved down and tested the old trendline support line from the May/june period  at 1.4244 and the 38.2% retracement at the 1.42679 level.   The current price is back above both as profit takers were happy to cover against the levels.  Concerns about Spain/Italy and thought that  despite the hurdles ahead Washington will find a solution have kept the pair pressured for most of the day.  The Initial Claims came out better today and instead of sending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Revisiting The Sense On Cents Halls Of Fame/Shame

Posted: 28 Jul 2011 05:31 AM PDT

For those who love baseball, summer is not only a time for taking in a ballgame (like today's matinee at Fenway Park between our beloved 1st place Boston Red Sox and the Kansas City Royals) but also for paying a visit to the Hall of Fame.
Baseball fans of all ages love to make the pilgrimage to the hallowed hall in Cooperstown, New York.
Fans of Sense on Cents are well aware that yours truly has inducted worthy and deserving recipients into both wings of our own hall here over the course of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NZD/USD Falls After A Gartley Retracement Pattern

Posted: 28 Jul 2011 05:30 AM PDT

Prev: The NZD/USD Consolidates Ahead of the RBNZ Interest Rate Meeting (7/27)
NZD/USD

Gartley Complete:
- The NZD/USD  continued to rally after the RBNZ left the OCR at 2.5% and did not change any prospect of a rate hike.
- The rally after the risk event started with a very strong bullish candle seen in the 1H chart, which materialized into a 3-wave rally. There is a wave equality between the upswings, and the market turned around at 78.6% retracement, a classic reaction to this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


WellPoint Earnings Decline

Posted: 28 Jul 2011 05:28 AM PDT

WellPoint Inc. (NYSE:WLP) reported second-quarter income from continuing operations of $701.6 million or $1.89 per share, surpassing the Zacks Consensus Estimate of $1.79 per share. This was a decline from the operating income of $722.4 million in the year-ago quarter. However, earning per share rose from $1.71 in the year-ago quarter due to reduction in the number of outstanding shares.

Improved membership growth and decline in selling, general and administrative expenses led to higher than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Citrix Systems Beats, Ups Guidance

Posted: 28 Jul 2011 05:28 AM PDT

Yesterday, after market close, Citrix Systems Inc. (NASDAQ:CTXS) declared strong financial results for the second quarter of 2011. Global trends toward virtualization and cloud computing are facilitating the company to post impressive results. Management raised its financial forecast for full fiscal 2011.
Quarterly net revenue was $530.8 million, up 16% year over year, beating the Zacks Consensus Estimate of $522 million. GAAP net income was $82 million or 43 cents per share compared with a net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Concur Outpaces Estimate

Posted: 28 Jul 2011 05:28 AM PDT

Concur Technologies (NASDAQ:CNQR) reported third-quarter fiscal 2011 earnings per share from continuing operations of 17 cents, above the Zacks Consensus Estimate of 10 cents.  Prior-year earnings from continuing operation was 7 cents.
Revenue
Total revenue was $89.5 million, an increase of 19% year over year. A substantial portion of revenue was generated by the company from new customers, driven by an improved demand and expanded distribution network. The company expects to see further … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Regains Ground As Contagion Fears Punish Euro

Posted: 28 Jul 2011 05:20 AM PDT

Forexpros – The U.S. dollar regained ground against its major counterparts on Thursday, as the euro fell amid fears that a second Greek bailout package agreed last week would not be enough to prevent sovereign debt contagion in the euro zone.<br /><br />During European afternoon trade, the greenback erased losses against the euro, with EUR/USD tumbling 0.77% to hit 1.4257.<br /><br />The Italian Treasury auctioned approximately EUR7.97 billion of government debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Is In A Slingshot And Bearish Breakout; Swing Projection Targets 0.85

Posted: 28 Jul 2011 05:01 AM PDT

Prev: EUR/GBP at the Crossroad (7/26)
EUR/GBP

Bearish Breakout:- The EUR/GBP in the 4H chart is in a classic bearish continuation setup. 1) RSI reading is held below 60, and about to break below 40. Breaking 30 reaffirms the bearish continuation scenario for the rest of this week and into the next. 2) The market respected the 200SMA after breaking below it, starting a slingshot to the downside. 3) The small channel seen in the 4H chart is broken to the downside with sharp candles.
Targets:
- … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Slips As Market Sentiment Deteriorates

Posted: 28 Jul 2011 04:59 AM PDT

Forexpros – The pound slipped against the U.S. dollar on Thursday, pulling back from the daily high as declining market sentiment and weak U.K. economic data weighed.<br /><br />GBP/USD pulled away from 1.6363, the daily high, to hit 1.6322 during European afternoon trade, dipping 0.06%.<br /><br />Cable was likely to find support at 1.6264, the low of July 26 and resistance at 1.6438, Wednesday&rsquo;s high and a six-week high.<br /><br />Earlier in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Falls As Italian Borrowing Costs Soar

Posted: 28 Jul 2011 04:38 AM PDT

Forexpros – The euro gave up small gains against the U.S. dollar on Thursday, falling to a five-day low after yields at an auction of Italian bonds rose sharply, adding to fears that a second Greek bailout package agreed last week would not be enough to prevent sovereign debt contagion in the euro zone.<br /><br />EUR/USD pulled back from 1.4399, the daily high, to hit 1.4289 during European early afternoon trade, shedding 0.54%.<br /><br />The pair was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Vulnerable As EU Debt Fears Boost Dollar, Oil Facing Headwinds

Posted: 28 Jul 2011 04:08 AM PDT

Talking Points

Crude Oil May Bounce with Stocks But Major Headwinds Remain
Gold Pressured as US Dollar Gains on Renewed EU Debt Fears

WTI Crude Oil (NY Close): $97.40 // -2.19 // -2.20%
S&P 500 stock index futures are ticking higher overnight, seemingly pointing the way higher for crude price amid a recovery in overall risk appetite, but a corrective bounce is hardly unreasonable after yesterday's brutal selloff so it probably unwise to read too much into current positioning.
Meanwhile, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wheat Futures Hover Close To 7-day High On U.S. Crop Outlook

Posted: 28 Jul 2011 03:39 AM PDT

Forexpros – Wheat futures advanced on Thursday, trading close to a seven-day high amid speculation that the U.S. wheat harvest may be smaller than government estimates, renewing fears over tightening supplies.<br /><br />Chicago Mercantile Exchange, wheat futures for September delivery traded at USD7.1062 a bushel during European morning trade, climbing 0.83%. <br /><br />It earlier rose as much as 1.1% to trade at a daily high of USD7.1112 a bushel, just below a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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