Tuesday, July 26, 2011

DailyMarkets.com - Starwood Preferred Guest Credit Card – Get Free Hotel Nights Here!

DailyMarkets.com - Starwood Preferred Guest Credit Card – Get Free Hotel Nights Here!


Starwood Preferred Guest Credit Card – Get Free Hotel Nights Here!

Posted: 26 Jul 2011 06:48 AM PDT

The Starwood Preferred Guest Card, issued by American Express (NYSE:AXP), is just the card to get if you are someone who likes to stay at Starwood hotels and resorts, and would like to earn rewards in return for making Starwood and everyday purchases. What I like most about this American Express Starwood card is that it gives you access to a diverse collection of hotel brands worldwide, including Sheraton, W Hotels, Westin, Le Meridien, St Regis, The Luxury Collection, element, aloft, and Four … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings, Debt Ceiling In Focus

Posted: 26 Jul 2011 06:35 AM PDT

Stocks may find it hard to stay focused on the day’s earnings parade given the continued stalemate in Washington on the debt ceiling issue. We also have a couple of housing and consumer confidence reports coming out after the markets open. But had Washington not been as distracting as it has been lately, corporate earnings would be the most important news of the day.

The markets have remained fairly stable thus far even as we get closer to the debt ceiling’s August 2 deadline. With the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Avon Products

Posted: 26 Jul 2011 06:35 AM PDT

Avon Products Inc. (NYSE:AVP) is scheduled to release its second-quarter 2011 results on Thursday, July 28, 2011. The Zacks Consensus Estimate is 50 cents a share for the second quarter of fiscal 2011. This represents a year-over-year estimated growth rate of 4.2%.
Synopsis of First Quarter 2011
Avon Products posted first-quarter 2011 adjusted earnings of 37 cents a share, which surpassed the Zacks Consensus Estimate of 31 cents and increased 12.1% from the year-ago figure of 33 cents a share.
On … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: CNH Global N.V., Eaton, Edwards Lifesciences, Helmerich & Payne, Kimberly-Clark, Netflix, Revlon

Posted: 26 Jul 2011 06:35 AM PDT

    Kimberly-Clark (NYSE:KMB) reported Q2 adjusted EPS of $1.18, surpassing the Zacks Consensus Estimate of $1.15 per share. Revenues for the quarter rose 8% year-over-year to $5.3 billion, exceeding the Zacks Consensus Estimate of $5.1 billion

    Netflix (NASDAQ:NFLX) reported Q2 EPS of $1.26, beating the Zacks Consensus Estimate of $1.11 per share. Revenues for the quarter rose 48% to $789 million

    Shares of truck transmission maker Eaton Corp … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Hospira

Posted: 26 Jul 2011 06:35 AM PDT

Hospira Inc. (NYSE:HSP) is all set to announce its second quarter 2011 results ahead of the opening bells on Wednesday, July 27, 2011. The Zacks Consensus Estimate for the second quarter of 2011 is 77 cents, representing an estimated year-over-year decline of 10.5%.
First Quarter 2011 Recap
Hospira reported earnings per share of 93 cents for the first quarter of 2011, well above the Zacks Consensus Estimate of 79 cents. Earnings benefited from strong US sales of the generic version of Sanofi … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Consolidates/corrects In Early NY Trade

Posted: 26 Jul 2011 06:12 AM PDT

The EURUSD tried to push the upside on two separate occassions  in early NY trading but the momentum faded. The 100 bar MA on the 5 minute chart is moving sideways (lost it's slope). The price failed on two attempts above this moving average, and each time, the price reversed.
The price decline has moved the price to the 38.2% of the move up from the days low to the high. That level comes in at hte 1.44583 level. A break below this level will open  the door for further selling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


S&P/Case-Shiller Home Price Index Falls More-than-expected

Posted: 26 Jul 2011 06:09 AM PDT

Forexpros – The S&amp;P/Case-Shiller home price index fell more-than-expected in May, declining for the eleventh consecutive month, industry data showed on Tuesday. <br /><br />In a report, Standard &amp; Poor with Case-Shiller said its house price index fell by 4.5% in May, above expectations for a 4.4% decline.<br /><br />The previous month&rsquo;s figure was revised to a drop of 4.2% from a previously reported decline of 4.0%.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Broadcom Beats, Shares Surge

Posted: 26 Jul 2011 06:05 AM PDT

Broadcom Corporation (NASDAQ:BRCM) generated revenues of $1.796 billion in the second quarter of 2011, up 12% year over year but down 1% sequentially and slightly missed the Zacks Consensus Estimate of $1.806 billion.
In terms of end-markets, the Broadband Communications segment was up slightly less than expected, principally due to weakness in consumer electronics and some continued inventory issues in set-top box. The Mobile & Wireless segment was down as anticipated due to some softness … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jacobs Beats Estimates By A Penny

Posted: 26 Jul 2011 06:05 AM PDT

On July 25, 2011, Jacobs Engineering Group Inc. (NYSE:JEC) reported its financial results for the third quarter of 2011 with net earnings per diluted share of 71 cents in the quarter, up from 15 cents reported in the year-ago quarter. Results were marginally above the Zacks Consensus Estimate of 70 cents.
Total revenue inched up 9.4% year over year to $2,744.2 million, above the Zacks Consensus Estimate of $2,687.0 million.
Revenues from Technical Professional Services (58.1% of total revenue) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FMC Tech Beats By A Penny

Posted: 26 Jul 2011 06:05 AM PDT

Oil drilling equipment maker  FMC Technologies Inc. (NYSE:FTI) reported second quarter earnings per share from continuing operations of 39 cents, beating the Zacks Consensus Estimate by a penny. Compared on a y-o-y basis, earnings remained flat.
Revenue of $1,229.4 million surpassed our expectations of $1,184.0 million and the second quarter 2010 level of $1,012.5 million. Strong contributions from all business units boosted the company's performance in the quarter.
Energy Production … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/JPY In Bullish Breakout With 87.50 In Sight

Posted: 26 Jul 2011 06:05 AM PDT

Prev: AUD/JPY is Bearish; Short-term Outlook can be Bullish…(7/12)
AUD/JPY

Bullish Signals in the Short-term:
- The AUD/JPY was in a shake-out yesterday as rumors of Japanese Yen intervention circled the currency markets.
- The result was respect of the 200SMA, and a sling-shot upwards. This pushed the RSI reading in the 1H chart above 70, establishing short-term bullish momentum.
- A break above 85.60 would reflect further bullish intent.
Bullish Target
- The 4H chart shows that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


How Gov. Walker’s Reforms Saved A School District

Posted: 26 Jul 2011 06:02 AM PDT

From Byron York, writing in the Washington Examiner:

“The Kaukauna School District, near Appleton, Wisconsin, has about 4,200 students and about 400 employees. It has struggled in recent times and this year faced a deficit of $400,000. But after the new law went into effect on June 29, school officials put in place new policies they estimate will turn that $400,000 deficit into a $1.5 million surplus. And it’s all because of the very provisions that union leaders predicted would be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Modestly Higher On Key Earnings; Dow Up 0.1%

Posted: 26 Jul 2011 05:36 AM PDT

Forexpros – U.S. stock futures pointed to a modestly higher open on Tuesday, as a number of stronger-than-expected earnings reports overshadowed concerns over a deadlock in talks to lift the U.S. debt ceiling before a looming deadline.<br /><br />Dow Jones Industrial Average futures pointed to a modest gain of 0.1%, the S&amp;P 500 futures rose 0.25%, while the Nasdaq 100 futures added 0.2%.<br /><br />U.S. President Barack Obama said in a speech on Monday that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TI Beats, Investors Unmoved

Posted: 26 Jul 2011 05:31 AM PDT

Texas Instruments Inc. (NYSE:TXN) reported second quarter earnings that were up 3.8% sequentially and down 9.8% year over year, exceeding the Zacks Consensus estimate by 5 cents, or 9.4%.
Estimates have been moving downward since TI lowered its guidance, but actual results were within the original guidance range.
Investor response was lukewarm, as the guidance disappointed.
Revenue
TI reported revenue of $3.46 billion, which was up 1.9% sequentially, down 1.1% year over year and at the lower end … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Televisa Downgraded To Underperform

Posted: 26 Jul 2011 05:31 AM PDT

We downgrade our recommendation on Grupo Televisa S.A. (NYSE:TV) to Underperform following its second-quarter 2011 financial results, which fell below the Zacks Consensus Estimates. Televisa lost significant amount of advertising revenue from businesses of Mexican telecom tycoon Carlos Slim. Intensifying competition in the Mexican pay-TV market has forced Televisa to spent more in order to retain and solidify its customer base. Therefore, depreciation and amortization charges increased by leaps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Steel Swings To Profit In 2Q

Posted: 26 Jul 2011 05:31 AM PDT

U.S. Steel Corp. (NYSE:X) reported  second-quarter 2011 net operating profit of $1.33 per share versus a net operating loss of 17 cents in the year-ago quarter. Results also exceeded the Zacks Consensus Estimate of $1.26 per share.
Net income was $222 million in the quarter versus net loss of $25 million in the second quarter of 2010.
Operational Performance
Revenue in the quarter improved 9.4% year over year to $5.1 billion from $4.7 billion. Results were driven primarily by higher average … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Opens Up 1.4940 And 1.6020 With Breakouts Of Long-term Patterns

Posted: 26 Jul 2011 05:26 AM PDT

Prev: EUR/USD Sitting Tight as Week Starts Light on Economic Releases (7/25)
EUR/USD

In the Daily Chart:
- As the EUR/USD breaks above 1.4450, it is shown in the daily chart breaking above a projected trendline of a consolidation pattern.
- The market stayed above the 200SMA and a rising trendline during the Greek debt crisis (which is not over yet).
- The RSI reading stayed above 40 despite being cracked a few times. Now it is trying to go above 60, and show maintenance of the bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Remains Down Amid Deadlock On U.S. Debt Deal

Posted: 26 Jul 2011 05:10 AM PDT

Forexpros – The U.S. dollar remained weaker against all of its major counterparts on Tuesday, as talks aimed at lifting the U.S. debt ceiling remained deadlocked after U.S. President Barack Obama give no indications of a breakthrough.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.74% to hit 1.4492.<br /><br />On Monday, President Obama warned that failure to increase the U.S. borrowing limit would severely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Upbeat Performance By Weatherford

Posted: 26 Jul 2011 05:08 AM PDT

Leading oilfield services' company Weatherford International Ltd. (NYSE:WFT) has reported second quarter 2011 adjusted earnings of 17 cents per share, beating the Zacks Consensus Estimate of 15 cents. The quarter's results grew substantially from the year-earlier profit of 10 cents.
The outperformance was largely influenced by strong international business, despite a weak performance in Canada.
Total revenue expanded more than 25% year over year to $3,051.8 million, surpassing the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FMC Tech Beats By A Penny

Posted: 26 Jul 2011 05:08 AM PDT

Oil drilling equipment maker  FMC Technologies Inc. (NYSE:FTI) reported second quarter earnings per share from continuing operations of 39 cents, beating the Zacks Consensus Estimate by a penny. Compared on a y-o-y basis, earnings remained flat.
Revenue of $1,229.4 million surpassed our expectations of $1,184.0 million and the second quarter 2010 level of $1,012.5 million. Strong contributions from all business units boosted the company's performance in the quarter.
Energy Production … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FMC Tech Beats By A Penny

Posted: 26 Jul 2011 05:08 AM PDT

Oil drilling equipment maker  FMC Technologies Inc. (NYSE:FTI) reported second quarter earnings per share from continuing operations of 39 cents, beating the Zacks Consensus Estimate by a penny. Compared on a y-o-y basis, earnings remained flat.
Revenue of $1,229.4 million surpassed our expectations of $1,184.0 million and the second quarter 2010 level of $1,012.5 million. Strong contributions from all business units boosted the company's performance in the quarter.
Energy Production … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Extends Gains After U.K. GDP Data

Posted: 26 Jul 2011 04:40 AM PDT

Forexpros – The pound extended gains against the U.S. dollar on Tuesday, advancing to a fresh six-week high after official data showed that the U.K. economy grew by 0.2% as expected in the second quarter.<br /><br />GBP/USD hit 1.6413 during European afternoon trade, the pair&rsquo;s highest since June 14; the pair subsequently consolidated at 1.6399, gaining 0.76%.<br /><br />Cable was likely to find support at 1.6120, the low of June 21 and short-term resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Euro Holds Gains Vs. Dollar As U.S. Debt Fears Weigh

Posted: 26 Jul 2011 04:14 AM PDT

Forexpros – The euro held gains against the U.S. dollar on Tuesday, trading close to a three-week high as fears over a U.S. default mounted as talks about raising the U.S. debt ceiling remained deadlocked.<br /><br />EUR/USD hit 1.4522 during European early afternoon trade, the pair&rsquo;s highest since July 5; the pair subsequently consolidated at 1.4476, climbing 0.69%.<br /><br />The pair was likely to find support at 1.4324, Monday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Raleigh Foreclosure Auctions – Good Or Bad Deal For You?

Posted: 26 Jul 2011 03:48 AM PDT

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


Oil And Gold Mirror Uncertainty In US Debt Deal, Global Growth Outlook

Posted: 26 Jul 2011 03:32 AM PDT

Talking Points

Crude Oil Outlook Clouded as Sentiment Searches for Direction
Gold Established as Safe Haven, Looking to Risk Appetite for Cues

WTI Crude Oil (NY Close): $99.20 // -0.67 // -0.67%
The landscape appears clouded ahead of the opening bell on Wall Street with S&P 500 stock index futures flat and pointing to indecision in risk sentiment trends, the leading near-term driver of oil prices. On one hand, investors face the lingering uncertainty surrounding the US debt ceiling and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Soybean Futures Gain On Deteriorating U.S. Crop Conditions

Posted: 26 Jul 2011 03:27 AM PDT

Forexpros – Soybean futures advanced on Tuesday, climbing to a two-day high as concerns over deteriorating U.S. crop conditions boosted prices, which were also supported by a weaker U.S. dollar.&nbsp; <br /><br />On the Chicago Mercantile Exchange, soybean futures for September delivery traded at USD13.7138 a bushel during European morning trade, gaining 0.6%.&nbsp; <br /><br />It earlier rose as much as 0.85% to trade at USD13.7550 a bushel, the highest price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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