DailyMarkets.com - TXT Beats EPS, Reaffirms Outlook

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• TXT Beats EPS, Reaffirms Outlook
• Aetna To Acquire PayFlex
• Northern Trust Beats Estimates
• Hot Option Plays: Chop & Pop
• Forex – AUD/USD Up In U.S. Trade
• Earnings Preview: Celanese Corp.
• Taubman Misses Marginally
• Debt Ceiling Compromise Is Small “C”
• Hanesbrands Beats; Retains Guidance
• Forex – NZD/USD Up During The U.S. Session
• Weak 2Q For Phillips
• PNC Profit Shoots, Top Line Topples
• Earnings Preview: AT&T
• Forex Trading: EURUSD: Watching 1.4200 Support Below. A Move Above 1.4216
• “Until We Get Answers On Deficit…will Be Quiet”
• Forex – USD/JPY Down On Economic Data, Earnings
• Used Home Sales Fall, Inventories Rise
• Euro Rise Continues On Bailout Optimism
• European Markets Close Higher; Dax Up 0.36%
• AUD/JPY Provides A Negative Reversal Signal While In Consolidation
• Westamerica Reports In Line
• TC PipeLines Raises Distribution
• CNOOC To Acquire OPTI Canada
• Label Expansion For Shire’s Lialda
• Westamerica Reports In Line
• CPKF: Maintain Outperform
• DATATRAK Continues To Impress
• Pool Downgraded To Neutral
• Euro Gains Ahead Of EU Meeting
• Bond Reversal Continues
• WPP Intent On Driving Growth
• CSX Beats On Strong Pricing
• Cintas’ EPS Beats, Raises Outlook
• Earnings Preview: BJ’s Restaurants
• USD/JPY Finally Gives Way To Bearish Breakout After Range Clear-outs
• Forex – Dollar Down Vs. Most Rivals As EU Summit In Focus
• Stock Market News Briefs: Aixtron Aktiengesellschaft, Bank Of America, Broadcom, Check Point Software Technologies Ltd., Comerica Incorporated, Cisco Systems, Coca-Cola Company, Novartis AG, Omnicom Group, State Street Corp
• AIG Downgraded To Neutral
• Crude Oil Futures Add To Gains After U.S. EIA Inventory Data
• Word From The Floor: Stocks Start Mixed, Progress In Debt Talks
• Natural Gas Slumps To 3-day Low On Moderating U.S. Forecast
• Forex – GBP/USD Erases Gains After Disappointing U.S. Data
• Crude Rises Above $99 On Inventories And Weaker Dollar
• The Shameful Murder Of Dodd Frank
• Forex – EUR/USD Trims Gains After Weak U.S. Housing Data
• U.S. Chamber Of Commerce Hits FINRA Hard
• Morning Market Brief
• Arian Silver Upgrades Mineral Resources At San Jose In Mexico

TXT Beats EPS, Reaffirms Outlook Posted: 20 Jul 2011 11:35 AM PDT Diversified U.S. conglomerate,Textron Inc. (NYSE:TXT) announced second quarter 2011 earnings of 29 cents per share in line with the year-ago quarter. The second quarterly result also exceeded the Zacks Consensus Estimate of 24 cents by 5 cents. However, after including a restructuring charge, income from continuing operations came in at 27 cents in the year-ago quarter versus no special items in the reported quarter. Performance in the reported quarter was boosted by higher aftermarket volumes at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aetna To Acquire PayFlex Posted: 20 Jul 2011 11:35 AM PDT In an attempt to solidify its Consumer Fund Services (CFS) business, Aetna Inc. (AET) has entered into an agreement to acquire Omaha, NE-based Payflex Holdings Inc. in a $202 million deal. The acquisition, which will see light in the second half of the year, will not be accretive to Aetna's 2011 and 2012 earnings. However, it is likely to offer attractive returns over the longer term. Founded in 1987, Payflex has around 423 employees presently. PayFlex perfectly suits Aetna's existing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northern Trust Beats Estimates Posted: 20 Jul 2011 11:35 AM PDT Northern Trust Corporation's (NASDAQ:NTRS) second-quarter 2011 earnings of 70 cents per share outpaced the Zacks Consensus Estimate by a penny per share. The increase was marked by higher net interest income, growth in assets under management and an improved client network. In the second quarter of 2011, earnings per share were impacted by restructuring, acquisition, and integration-related expenses. The related pre-tax expense came to $22.6 million ($18.8 million after tax, or 8 cents per common … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Chop & Pop Posted: 20 Jul 2011 11:18 AM PDT Cusick’s Corner This market pops on bad news, chop and then pop in spite of negative sentiment for fear of missing the next leg up. This is the grinding, choppy segment after the poor data and continued debt fears here and across the Pond. So what to do? Well volatility has pulled back this week to 19 and the market has a bullish direction in spite of the bearish sentiment early in the week with Put/Call ratio over 1. So we could look at potentially buying bull call vertical spreads. Buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 20 Jul 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.<br/><br/> AUD/USD was trading at 1.0742, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.0561, Monday&rsquo;s low, and resistance at 1.0760, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Celanese Corp. Posted: 20 Jul 2011 11:05 AM PDT Celanese Corp. (NYSE:CE) announced that it would release its results for the second quarter of 2011 before the market opens on July 21, 2011. Celanese reported adjusted earnings of 96 cents per share in the first quarter of 2011, beating the Zacks Consensus Estimate of 83 cents. Diluted earnings per share in the quarter were 87 cents versus 6 cents in the prior-year quarter. In the upcoming quarter, the Zacks Consensus Estimate for Celanese is pegged at a profit of $1.41 per share, reflecting an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taubman Misses Marginally Posted: 20 Jul 2011 10:55 AM PDT Taubman Centers, Inc. (NYSE:TCO), a real estate investment trust (REIT), has reported second quarter 2011 FFO (funds from operations) of 61 cents per share, which was similar to the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income, while adjusted FFO excludes the impairment and restructuring charges. The second quarter 2011 reported FFO marginally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Debt Ceiling Compromise Is Small “C” Posted: 20 Jul 2011 10:55 AM PDT Last week, on Bastille Day, I wrote “The Seven C’s of Recovery Optimism” to highlight fundamental driving forces that would propel the S&P 500 to 1,500 in the first quarter of 2012. An investor wrote me a comment in response, asking the following questions… “What about C for Compromise? I’m worried the Republican House members won’t compromise with the Dems and our government will default, and who can tell how badly that will affect the markets? Any thoughts?” Great question, and of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hanesbrands Beats; Retains Guidance Posted: 20 Jul 2011 10:55 AM PDT Hanesbrands Inc. (NYSE:HBI) reported earnings per share of 87 cents for its second quarter 2011, which were flat with the prior-year quarter. However, the result surpassed the Zacks Consensus Estimate of 86 cents by a penny. Profits were primarily impacted by acquisitions, organic growth and operational efficiency. The company believes third-quarter EPS could increase by as much as 30% over last year's 63 cents. It reiterated its full-year 2011 diluted EPS guidance of $2.70 to $2.90. EPS is … [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: 20 Jul 2011 10:50 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.<br/><br/> NZD/USD was trading at 0.8558, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.8381, Friday&rsquo;s low, and resistance at 0.8573, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weak 2Q For Phillips Posted: 20 Jul 2011 10:30 AM PDT Royal Philips Electronics (PHG) posted a net loss of €1.3 billion ($1.9 billion) in the second quarter of fiscal 2011. The loss was primarily the result of a goodwill impairment charge of €1.4 billion ($2.0 billion). The impairment charge was the result of the annual review of business projections and discount rates. Quarterly Details For the second quarter of fiscal 2011, the company posted a revenue decline of 3.4% to €1.29 billion ($1.9 billion) compared to €1.33 billion in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Profit Shoots, Top Line Topples Posted: 20 Jul 2011 10:30 AM PDT PNC Financial Services Group Inc.'s (NYSE:PNC) second-quarter 2011 adjusted earnings of $1.67 per share were ahead of the Zacks Consensus Estimate of $1.47. Results also compared favorably with adjusted earnings of $1.47 per share in the prior-year quarter. Consequently, reported net income increased 13.6% year over year to $912 million. A substantial contraction in the provision for credit losses, a strong balance sheet and improved credit quality were attributed to the results. However, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: AT&T Posted: 20 Jul 2011 10:30 AM PDT The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is slated to release its second quarter earnings on July 21 before market opens. The current Zacks Consensus Estimate for the second quarter is 59 cents, representing a decline of 3.07% from the year-ago level. AT&T had average positive surprises of 4.44% in the past four quarters. But we expect the company to have a tough second quarter due to several reasons. First, the company is facing strong opposition to its ambitious … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD: Watching 1.4200 Support Below. A Move Above 1.4216 Posted: 20 Jul 2011 10:26 AM PDT The EURUSD has been largely trading below or above the 100 bar MA on the 5 minute chart in the last few hours. The last 30 or so minutes has found its way above the MA level (the MA is at the 1.4202 currently) and this gives the nod to the bulls intraday. A move above 1.4216 become the next short term hurdle and then 1.4230. The high for the day is 1.4238. On the daily chart, the 38.2% retracement of the move down from the May high to the low in July comes in at the 1.42577 level. This would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Until We Get Answers On Deficit…will Be Quiet” Posted: 20 Jul 2011 10:20 AM PDT 07/20/11 Empire Executions’ Peter Costa discusses recent trading action in the equity markets and the latest earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down On Economic Data, Earnings Posted: 20 Jul 2011 10:20 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Existing Home Sales.<br/><br/> USD/JPY was trading at 78.74, down 0.55% at time of writing.<br/><br/> The pair was likely to find support at 78.71, today&rsquo;s low, and resistance at 79.32, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Used Home Sales Fall, Inventories Rise Posted: 20 Jul 2011 10:05 AM PDT In June, Existing Home Sales ran at a seasonally-adjusted annual rate of 4.77 million. That pace is 0.8% lower than in May, and 8.8% below the year ago rate. The year ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The June sales rate was below consensus expectations of a 4.93 million annual rate. The history of used home sales is shown in the graph below (from Calculated Risk). Sales of single family homes were unchanged on the month at a rate of 4.24 million, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rise Continues On Bailout Optimism Posted: 20 Jul 2011 05:00 AM PDT 07/20/11 The euro currency continued to rise this session on Greek bailout optimism and economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.36% Posted: 20 Jul 2011 09:55 AM PDT Forexpros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.36%, London&rsquo;s FTSE 100 gained 0.94%, France&rsquo;s CAC 40 climbed 1.44% and the EURO STOXX 50 was up 1.73%.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of 4.77M last month from 4.81M in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/JPY Provides A Negative Reversal Signal While In Consolidation Posted: 20 Jul 2011 09:52 AM PDT Prev: AUD/JPY is Bearish; Short-term Outlook can be Bullish…(7/12) AUD/JPY Consolidating, still Bearish: - The AUD/JPY indeed opened up a short-term rally since completing a 5-wave decline to 83.12. This push made a high of 85.30 and has since shown consolidation - During this relatively flat consolidation, we are seeing a second rally attempt fail to break above 85.30. - The RSI reading in the 4H chart however was able to break the previous high, but found resistance at 60. Staying below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Westamerica Reports In Line Posted: 20 Jul 2011 09:50 AM PDT Westamerica Bancorp. (NASDAQ:WABC) reported its second quarter 2011 earnings of 78 cents per share, in line with the Zacks Consensus Estimate. However, after considering the accruals for estimated settlement costs, Westamerica reported net income of $21.3 million or 74 cents per share compared with $22.4 million or 77 cents per share in the prior quarter and $23.6 million or 80 cents per share in the prior-year quarter. Results for the reported quarter benefited from higher net interest income and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TC PipeLines Raises Distribution Posted: 20 Jul 2011 09:50 AM PDT Pipeline operator TC PipeLines L.P. (TCLP) raised its second quarter 2011 cash distribution to 77 cents per unit ($3.08 per unit annualized), representing an increase of approximately 2.7% sequentially and 5.5% year over year. The cash distribution is the 49th consecutive quarterly distribution paid by it. TC PipeLines' new distribution is payable on August 12 to unitholders of record as on July 31, 2011. Calgary, Alberta-based TC PipeLines is a master limited partnership ("MLP"), with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNOOC To Acquire OPTI Canada Posted: 20 Jul 2011 09:35 AM PDT CNOOC Ltd. (NYSE:CEO) has signed a deal to buy OPTI Canada Inc. ("OPTI") for a total consideration of $2.1 billion, marking a step ahead in the expansion of its oil sands business. The agreement, which is subject to regulatory approvals in Canada and China, is scheduled to be completed in the fourth quarter of 2011. Upon completion of the deal, OPTI will become an indirect wholly owned subsidiary of CNOOC, China's dominant producer of offshore crude oil and natural gas. The deal covers OPTI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Label Expansion For Shire’s Lialda Posted: 20 Jul 2011 09:35 AM PDT Shire plc (NASDAQ:SHPGY) recently announced that its drug Lialda has been cleared by the US Food and Drug Administration (FDA) for an expanded indication as a maintenance therapy for the remission of ulcerative colitis. Lialda is currently marketed for the induction of remission in patients with active, mild-to-moderate ulcerative colitis. Ulcerative colitis refers to an inflammatory disease characterized by bloody diarrhea and sometimes painful abdominal cramping. The expanded approval by the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Westamerica Reports In Line Posted: 20 Jul 2011 09:35 AM PDT Westamerica Bancorp. (NASDAQ:WABC) reported its second quarter 2011 earnings of 78 cents per share, in line with the Zacks Consensus Estimate. However, after considering the accruals for estimated settlement costs, Westamerica reported net income of $21.3 million or 74 cents per share compared with $22.4 million or 77 cents per share in the prior quarter and $23.6 million or 80 cents per share in the prior-year quarter. Results for the reported quarter benefited from higher net interest income and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CPKF: Maintain Outperform Posted: 20 Jul 2011 09:05 AM PDT Ann Heffron, CFA CPKF: Maintain Outperform We are maintaining our outperform recommendation on Chesapeake Financial Shares, Inc. (CPKF). CPKF reported solid 2011 second quarter net earnings of $2.1 million, up 55% from the $1.3 million reported in the year-ago quarter, while diluted EPS increased 57% to $0.63 from $0.40, with the better EPS performance reflecting share buybacks. Our second quarter diluted EPS estimate was $0.49. The primary reason for this improvement was a $1.1 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DATATRAK Continues To Impress Posted: 20 Jul 2011 09:05 AM PDT DATATRAK Continues to Impress U.S. drug companies spent $39.4 billion on research and development in 2005. DiMasi, Hansen and Grabowski (2003) estimate the cost of bringing a drug from phase I to market. Their data come from the Tufts Center for the Study of Drug Development (CSDD). The final estimate is that it costs–including the expense of failed drugs–$802 million to take a drug from phase I trials to approval. Over 50% of this figure is the cost of capital needed to finance the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pool Downgraded To Neutral Posted: 20 Jul 2011 09:05 AM PDT We recently downgraded our rating on Pool Corp. (NASDAQ:POOL) to Neutral from Outperform. The rating was downgraded mainly due to the seasonality of business. Pool Corp.’s business is susceptible to changes in weather. While abnormally hot and dry conditions are generally favorable for the company’s operations, abnormally cool or rainy weather patterns can adversely affect sales. Normally, sales are benefited by weather conditions in the second and third quarters of a calendar year. Among the two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Gains Ahead Of EU Meeting Posted: 20 Jul 2011 08:54 AM PDT The FX View commentary will resume on Wednesday July 27, 2011 The dollar weakened ahead of a meeting of European officials later in the week as expectations build for a positive outcome. Greek Prime Minister Papandreou has already coined the outcome as a make-or-break event for the zone although he doesn't seem to know much more than the rest of us. In the meantime investors continue to flood back into equities, inspired by strong earnings growth adding to pressure on the dollar where an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bond Reversal Continues Posted: 20 Jul 2011 08:50 AM PDT The Interest Rate commentary will resume on Wednesday July 27, 2011 A rising tide of corporate earnings has lifted investors' appetite for equities causing a rotation out of conservative government bonds. Advancing stocks and signs that a Gang of Six plan to reduce the nation's deficit has found bipartisan support has tipped treasury prices over the edge. Hopes that European finance chiefs will review objections to previously mulled plans to aid Europe's weak spots is also souring demand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPP Intent On Driving Growth Posted: 20 Jul 2011 08:35 AM PDT Advertising titan, WPP plc (NASDAQ:WPPGY) remains committed to expanding its foothold in fast-growing markets. Recently the company's information, insight and consultancy group, Kantar, acquired a minority stake in Affectiva Inc. for $3 million. The strategic investment will enable both WPP plc and Affectiva to benefit from the combination of survey-based and technology-enabled observational data. Affectiva is well known for its two prime technologies, Q Sensor and Affdex, which measure emotional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSX Beats On Strong Pricing Posted: 20 Jul 2011 08:35 AM PDT CSX Corporation (NYSE:CSX), the second-largest U.S. railroad, reported second quarter 2011 earnings of 46 cents per share, surpassing the Zacks Consensus Estimate of 44 cents and the year-ago earnings of 36 cents. Earnings per share shot up 27.8% year over year on pricing improvement across all segments.  Revenue climbed 13% year over year to $3.0 billion and matched the Zacks Consensus Estimate backed by a modest 3% volume growth. However, pricing remained strong, compensating the sluggish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cintas’ EPS Beats, Raises Outlook Posted: 20 Jul 2011 08:35 AM PDT Cintas Corporation (NASDAQ:CTAS) recently reported its fiscal 2011 earnings results, delivering an EPS of 49 cents versus 36 cents during the year-earlier quarter, representing a substantial increase of 36.0% and outshining the Zacks Consensus Estimates of 44 cents. For fiscal year the company reported an EPS of $1.68 versus $1.40 during the prior-year, representing an increase of 20.0%. Total revenue in the quarter increased 11.3% to $1,012.2 billion from $909.4 million in the year-ago quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: BJ’s Restaurants Posted: 20 Jul 2011 08:35 AM PDT A casual dinning restaurant chain, BJ's Restaurants, Inc (NASDAQ:BJRI) is slated to release its second quarter 2011 results on Thursday, July 20, after the closing bell. The current Zacks Consensus Estimate for the second quarter of 2011 is pegged at 27 cents per share, representing an annualized growth of 17.68%. With respect to earnings surprises, BJ's Restaurants has outperformed the Zacks Consensus Estimate in all the four trailing quarters. The earnings surprise ranges from flat to 31.6%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Finally Gives Way To Bearish Breakout After Range Clear-outs Posted: 20 Jul 2011 08:09 AM PDT Prev: USD/JPY Testing 78.88 Narrow Range Support (7/19) USD/JPY - The USD/JPY failed to sustain a break below the range support in the US session yesterday, and instead followed with a strong attempt to the upside. - The rally went from support quickly to resistance at 79.27. After initially cracking this level, the 1H chart shows rejection and a decline followed back to the support. - Now in the US session, we are finally breaking to the downside though the RSI reading has yet to break below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Down Vs. Most Rivals As EU Summit In Focus Posted: 20 Jul 2011 08:06 AM PDT Forexpros – The U.S. dollar was down against almost all of its major counterparts on Wednesday, as a cautious sense of optimism that euro zone policymakers would reach an agreement on a second bailout for Greece on Thursday supported risk sentiment.<br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD climbing 0.27% to hit 1.4194.<br /><br />Earlier in the day, the head of the European Commission Jose Manuel Barroso warned that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Aixtron Aktiengesellschaft, Bank Of America, Broadcom, Check Point Software Technologies Ltd., Comerica Incorporated, Cisco Systems, Coca-Cola Company, Novartis AG, Omnicom Group, State Street Corp Posted: 20 Jul 2011 08:05 AM PDT     Coca-Cola Company (NYSE:KO) reported Q2 EPS of $1.20, ahead of the Zacks Consensus Estimate of $1.16 per share. Revenues for the quarter rose 47% year-over-year to $12.7 billion, beating the Zacks Consensus Estimate of $12.364 billion     Bank of America (NYSE:BAC) reported adjusted Q2 EPS of $0.33, surpassing the Zacks Consensus Estimate for a loss of $0.91 per share. Revenues for the quarter came in at $13.48 billion, lower than the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG Downgraded To Neutral Posted: 20 Jul 2011 08:05 AM PDT We are downgrading our recommendation on American International Group Inc. (NYSE:AIG) to 'Neutral' from 'Outperform' based on the current sustainability factor. The consistent weakness in the Chartis segment given the sluggish insurance dynamics is weighing heavily on the financials. Losses at the Chartis segment are primarily due to higher-than-expected loss reserve charges, thereby overshadowing the marginal development from SunAmerica and ILFC. This has also resulted in rating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Add To Gains After U.S. EIA Inventory Data Posted: 20 Jul 2011 07:58 AM PDT Forexpros – Crude oil futures added to gains on Wednesday, after a government report showed that U.S. crude oil inventories fell-more-than-expected last week, easing concerns over a slowdown in demand from the U.S. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in August traded at USD98.69 a barrel during U.S. morning trade, gaining 0.68%.&nbsp; <br /><br />It earlier rose as much as 1.3% to trade at USD99.38 a barrel, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Stocks Start Mixed, Progress In Debt Talks Posted: 20 Jul 2011 07:42 AM PDT 07/20/11 US stocks started on a mixed note, a day after equities rallied. Apple shares soared on earnings that blew past … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Slumps To 3-day Low On Moderating U.S. Forecast Posted: 20 Jul 2011 07:39 AM PDT Forexpros – Natural gas futures were down on Wednesday, slumping to a three-day low as forecasts that a heat wave in the U.S. Midwest will moderate reduced demand expectations for the fuel. <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.495 per million British thermal units during U.S. morning trade, shedding 0.65%.<br /><br />It earlier fell as much as 1% to trade at USD4.473 per million British thermal units, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Gains After Disappointing U.S. Data Posted: 20 Jul 2011 07:37 AM PDT Forexpros – The pound erased gains against the U.S. dollar on Wednesday, after U.S. industry data showed that sales of previously owned homes unexpectedly tumbled to a seven-month low in June.<br /><br />GBP/USD pulled away from 1.6150, the daily high, to hit 1.6114 during U.S. morning trade, dipping 0.05%.<br /><br />Cable was likely to find support at 1.5904, the low of July 13 and resistance at 1.6177, Tuesday&rsquo;s high.<br /><br />The National … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises Above $99 On Inventories And Weaker Dollar Posted: 20 Jul 2011 07:30 AM PDT 07/20/11 The combination of the API inventory report showing a large decline in inventory figures and a weaker dollar pushed front month crude prices above $99 a barrel this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Shameful Murder Of Dodd Frank Posted: 20 Jul 2011 07:23 AM PDT Happy Birthday Dodd Frank, Happy Birthday to you, You've lost all your muscle, And your teeth are gone, too.   One full year after the financial reform bill spearheaded through Congress by Christopher Dodd and Barney Frank was signed into law, Wall Street looks and acts much the way it did before. That's because the Street has effectively neutered the law, which is the best argument I know for applying the nation's antitrust laws to the biggest banks and limiting their size. Treasury … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Trims Gains After Weak U.S. Housing Data Posted: 20 Jul 2011 07:15 AM PDT Forexpros – The euro pared gains against the U.S. dollar on Wednesday, pulling back from a four-day high after industry data showed that U.S. existing home sales unexpectedly fell to a seven-month low in June.<br /><br />EUR/USD pulled away from 1.4240, the pair&rsquo;s highest since July 14, to hit 1.4179 during U.S. morning trade, up just 0.14% on the day.<br /><br />The pair was likely to find support at 1.4013, Monday&rsquo;s low and resistance at 1.4281, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Chamber Of Commerce Hits FINRA Hard Posted: 20 Jul 2011 06:49 AM PDT Would your blood start to boil if you felt a hand in your back pocket going for your wallet? Damn right it would. Then your blood should also boil when the topic of financial regulatory reform comes up. Why? For the very simple reason that the quality of our financial regulations has an enormous impact on that hand reaching for your wallet. Do you have confidence that either the crowds on Wall Street or in Washington will truly and effectively protect you from that hand? Not much, right? Me … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 20 Jul 2011 01:15 AM PDT 07/20/11 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

Arian Silver Upgrades Mineral Resources At San Jose In Mexico Posted: 20 Jul 2011 01:04 AM PDT Arian Silver (LON:AGQ), the mining group working on projects in Mexico's silver belt, has published a revised mineral resource estimate for its 100% owned San Jose property in Zacatecas State. The upgrade, which was produced in line with Canada's (NI) 43-101 code, is Arian's first re-assessment since August 2008. Among the highlights is an 86% increase in resource tonnage along the main San Jose Vein (SJV), together with a 10% higher average silver grade, a 105% increase in contained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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