| Labor Secretary Buys A Foreign Vehicle By Mistake, But At Least It Was Built By Foreign Union Workers Posted: 31 Aug 2011 05:02 PM PDT In the video above, President Obama’s Labor Secretary, Hilda Solis, explains why she recently bought a new Chevy Equinox: “What better example could I set if I encouraged my staff to go and purchase and seek how we could acquire a vehicle that would for me would send a signal that we’re for supporting our American workers, American-made products, fuel efficient as well.” One problem: The Chevy Equinox is not built by American workers, because it’s not American-made. It’s built by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – EUR/USD Gains In Early Asian Trade Posted: 31 Aug 2011 04:40 PM PDT Forexpros –
Forexpros – The euro edged higher against the U.S. dollar in Asian trade Thursday, following worse than expected U.S. labor data and a marginal gain from Wall Street shares.
EUR/USD hit 1.4369 in early Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.4380, rising 0.06%.
The pair was likely to find support at 1.4329, last Friday's low, and resistance at 1.4549, Monday's high.
Earlier in the day, payroll processing firm ADP reported that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – EUR/USD Up During The Asian Session Posted: 31 Aug 2011 04:10 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.4372, up 0.001% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8846 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Zipcar And Ford Head Back To School Posted: 31 Aug 2011 03:58 PM PDT |
| Forex – NZD/USD Down In Asian Trade Posted: 31 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.8526, down 0.19% at time of writing. The pair was likely to find support at 0.8286, Friday's low, and resistance at 0.8572, today's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.08% to hit 1.2539 and EUR/NZD rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| ISM Manufacturing Index, Weekly Jobless Claims, Construction Spending, Productivity And Costs, Global Manufacturing PMI Posted: 31 Aug 2011 10:20 AM PDT |
| Hot Option Plays: Volatile Bull Posted: 31 Aug 2011 03:17 PM PDT Cusick’s Corner
The line was drawn — mid 1220s and we had late day selling off these highs with little interest from big money and worse-than-expected data still weighing on the market. One sector that was lagging all day was Tech, QQQ +.09, and if Tech continues to show some weakness, could be a flag going into the long weekend which the Street may have already begun. Claims data is due out pre-market and if the trend in Claims continues up and ISM pulls back, well the “R” word might be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Liberty Property Upgraded To Neutral Posted: 31 Aug 2011 03:05 PM PDT We have recently changed our long-term recommendation for Liberty Property Trust (NYSE:LRY), a leading real estate investment trust (REIT), from Underperform to Neutral as we anticipate it to perform in line with the braoder market. We also have a Neutral rating for Duke Realty Corp. (NYSE:DRE), one of the competitors of Liberty Property.
Liberty Property provides leasing, property management, development, construction management, design management, and related services for a portfolio of industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| U.S. Rig Count Up By 1 Unit Posted: 31 Aug 2011 02:25 PM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of land rigs searching for oil.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NE), Nabors Industries (NYSE:NBR), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Statoil Hits Gas In North Sea Posted: 31 Aug 2011 02:25 PM PDT Statoil Petroleum AS, a fully owned subsidiary of Norwegian oil company Statoil ASA (NYSE:STO), has encountered a marginal discovery near the Sleipner East field in the Norwegian North Sea.
The affiliate is on the verge of completing the drilling operations of wildcat well 16/7-10, which met a thin gas/condensate column in a 115-metre thick reservoir. The well − situated in the Statoil Petroleum operated production license ("PL") 569 − was drilled 16 kilometers northeast of the Sleipner … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Mergers And Acquisitions In Mining Stocks Heat Up Posted: 31 Aug 2011 02:18 PM PDT The brouhaha over the debt ceiling has generated upward moves, particularly in gold bullion. This is a primary example of a news driven market skewing orthodox technical measurements. Now it is entirely possible that the scare headlines are generating a caffeinated move to surpass resistance areas, especially in gold. The debt farce can end precipitously and so may the risk trade. What the market giveth exogenously is what the market taketh away with the resolution of the underlying media hype. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Harris Wins Follow-on Contract Posted: 31 Aug 2011 02:05 PM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a follow-on contract worth $16 million from Lockheed Martin. The total value of the contract from Lockheed Martin including the recent win is approximately $200 million.
As per the deal, Harris will deliver nearly 100 Harris Highband Networking Radio (HNR) systems to the U.S. Army’s Warfighter Information Network.
The Highband Networking Radio system supports beam technology, which ensures smooth long … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| SIRIUS XM Downgraded To Neutral Posted: 31 Aug 2011 02:05 PM PDT We downgrade our recommendation on SIRIUS XM Radio Inc. (NASDAQ:SIRI) to Neutral based on its high-level of current valuation and the recent debt crisis in the U.S., which may delay its economic recovery. SIRIUS XM reported mixed financial results for the second quarter of 2011. While EPS beat the Zacks Consensus Estimate driven by huge cost cutting, revenue fell below it.
In the previous quarter, SIRIUS XM performed poorly with respect to several operating metrics. Average revenue per user (ARPU) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 31 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.4378, down 0.44% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Man The Lifeboats Posted: 31 Aug 2011 01:46 PM PDT (Image: source)
Those who’ve read my books know that I am a long-term fan of gold and other precious metals. Nonetheless, I am a trader and a contrarian at heart, and it always makes me nervous when, to paraphrase Jim Rogers, everybody seems to be on one side of the boat. Right now, the list of those who are positive on the sector looks to be growing by the day hour, including: Wall Street analysts (their pitiful track record as a group speaks for itself) “Gold at $1,950 Within the Month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 31 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 76.62, down 0.15% at time of writing. The pair was likely to find support at 76.43, today's low, and resistance at 77.46, Friday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Domino’s Refranchises 30 Stores Posted: 31 Aug 2011 01:35 PM PDT Ann Arbor, Michigan-based Domino's Pizza, Inc (NYSE:DPZ) recently franchised 30 company-owned restaurants in Atlanta to four experienced local owner-operators. The company operated 38 company-owned restaurants in Atlanta and further expects to franchise the remaining restaurants going forward.
Mike Orcutt, one of the leading franchisee of Dominos in U.S, purchased 14 restaurants and thus became the second largest franchisee of the company in the U.S with ownership totaling 93 restaurants. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 31 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.4373, down 0.48% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| U.S. Markets Close Higher; Dow Jones Up 0.46% Posted: 31 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.46%, the S&P 500 index gained 0.49%, while the Nasdaq 100 index climbed 0.15%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose figure was revised down from 114K. Analysts had expected U.S. non-farm employment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Conmed Intros GENESYS Matryx Posted: 31 Aug 2011 01:10 PM PDT Medical technology company Conmed Corporation (NASDAQ:CNMD) reported that its Linvatec arthroscopy division has launched the GENESYS Matryx interference screw. The new product is primarily indicated for fixing soft tissue in the reconstruction of the anterior cruciate ligament ("ACL") and posterior cruciate ligament ("PCL") of the knee. The smaller diameter screws are also indicated for reattachment of soft tissue to bone, offering flexibility for repair in other parts of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| CSX Expands Intermodal In Ohio Posted: 31 Aug 2011 01:10 PM PDT One of the leading railroads in the U.S, CSX Corporation (NYSE:CSX) announced its plans to invest approximately $59 million in intermodal freight terminal expansion in Columbus, Ohio.
The expansion is a part of the company's ambitious multi-year National Gateway project, which aims at improving the efficiency of freight network between the Mid-Atlantic ports and the Midwest markets.
National Gateway project is estimated to involve a total investment of $850 million, of which CSX Corp. expects to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Tiffany Balances Risk, Reward Posted: 31 Aug 2011 12:59 PM PDT Tiffany & Company (NYSE:TIF) is well positioned to support robust sales and earnings growth by leveraging capital investments made over the past several years in distribution, manufacturing and diamond sourcing processes. Moreover, with nearly half of the total sales generated internationally, we believe that the company is well diversified from a regional perspective as well.
Tiffany boasts a significant position in the world jewelry market due to its distinctive brand appeal. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| MWI Vet Reaffirmed At Neutral Posted: 31 Aug 2011 12:59 PM PDT We recently reiterated our Neutral recommendation on MWI Veterinary Supply (NASDAQ:MWIV) with a target price of $79.00.
The company reported second quarter 2011 EPS of 91 cents, which surpassed both the Zacks Consensus Estimate of 80 cents a share and the year-ago earnings of 74 cents per share. Revenues came in at $410.7 million, up 18.1% year over year. Higher revenues from the U.S (up 18.9%) and U.K (up 14.1% on the back of Centaur Services acquisition) led to the strong year-over-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Sasol Retains Neutral Rating Posted: 31 Aug 2011 12:59 PM PDT We have retained our Neutral recommendation on South African petrochemicals group Sasol Ltd. (NYSE:SSL).
Incorporated in 1979, Sasol is an integrated energy and chemicals company. It is the leading provider of liquid fuels in South Africa and a major international producer of chemicals.
Sasol is fairly unique compared to other international oil companies as it has limited conventional exploration and production operations and uses a proprietary technology (Fischer-Tropsch) to manufacture synthetic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – GBP/USD Down During The U.S. Session Posted: 31 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. GBP/USD was trading at 1.6242, down 0.35% at time of writing. The pair was likely to find support at 1.6209, Friday's low, and resistance at 1.6454, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Brinker Hikes Dividend Posted: 31 Aug 2011 12:35 PM PDT Brinker International Inc. (NYSE:EAT) recently announced a hike of 2 cents in its quarterly dividend to 16 cents per share, reflecting a 14.0% increase from the prior dividend payout. The increased dividend will be paid on September 29, 2011, to stockholders of record as of September 9, 2011.
Brinker has a consistent track record of paying dividends, and the latest hike brings the forward annual dividend yield, as of August 29, 2011, to 2.78%. Previously, in March 2010, Brinker had increased its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Pipeline Setback For Novartis Posted: 31 Aug 2011 12:35 PM PDT Novartis (NYSE:NVS) received a pipeline setback recently with the US Food and Drug Administration (FDA) requesting additional clinical data on its pipeline candidate ACZ885 for the treatment of patients suffering from severe gouty arthritis, commonly known as gout.
The FDA issued a complete response letter to the Swiss pharma giant as it was dissatisfied with the benefit risk profile in refractory patients and requested more data to evaluate the same.
We remind investors that in June this year, an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Magna Offers Tech For Electric Cars Posted: 31 Aug 2011 12:35 PM PDT Magna International Inc. (NYSE:MGA) has embarked upon a project to develop electric vehicle technologies over a span of 6 years. Both the company and the province of Ontario in Canada will invest C$432 million ($441 million) for the project, out of which, C$48.4 million (($49.41 billion) will be contributed by the latter.
The project focuses on developing electric car concepts, their parts, lightweight materials and components, and an alternative energy project. It will create about 728 jobs. Some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – USD/CHF Down In U.S. Trading Hours Posted: 31 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/CHF was trading at 0.8059, down 1.73% at time of writing. The pair was likely to find support at 0.7893, Friday's low, and resistance at 0.8241, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex Trading: USDCHF Wanders Toward Resistance Posted: 31 Aug 2011 12:26 PM PDT The USDCHF has trended to the downside today with comments from government officials ("we will have to live with the strong CHF) and lack of comment from the SNB in the London morning session, helping to lead the pair to the downside. The last few hours has been sideways, however, and this has allowed the 100 bar MA on the 5 minute chart to catch up to the price.
Now it is decision time for the pair.
The 100 bar MA comes in at the 0.8046 level. A move above should solicit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| 08/31 FX Options Report Posted: 31 Aug 2011 12:20 PM PDT |
| 08/31 ETF Report Posted: 31 Aug 2011 07:10 AM PDT |
| Forex – USD/CAD Up In U.S. Trade Posted: 31 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/CAD was trading at 0.9791, up 0.09% at time of writing. The pair was likely to find support at 0.9726, today's low, and resistance at 0.9924, Friday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Lamar Still Rated Neutral Posted: 31 Aug 2011 12:05 PM PDT We currently maintain a Neutral recommendation on Lamar Advertising Company (NASDAQ:LAMR), a Louisiana-based leading owner and operator of outdoor advertising structures in the U.S.
Lamar recently came out with its second quarter 2011 results and reported earnings per share of 12 cents, above the Zacks Consensus Estimate of 8 cents and an improvement over a 10 cent loss reported in the year-ago comparable quarter.
Top line grew 2.4% year over year to $293 million but failed to meet the company’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| CNO Gives Capital Position Update Posted: 31 Aug 2011 12:05 PM PDT CNO Financial Group Inc. (NYSE:CNO) announced that until August 26, 2011 in the third quarter of 2011, the company had repurchased 3.68 million shares of its common stock, which accounts for 1.5% of the outstanding shares as on June 30, 2011.
The shares were repurchased at an average cost of $6.22, which stood at a total price of $22.9 million. Additionally, CNO will have to make a principal prepayment of the same amount as per the terms of its Senior Secured Credit Agreement.
The repurchase and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| ERJ Downgraded To Neutral Posted: 31 Aug 2011 12:05 PM PDT We recently downgraded our recommendation on Embraer S.A (NYSE:ERJ) to Neutral from Outperform.
The lowered rating is backed by the rising operating cost and significant international competition in the aircraft manufacturing industry, which may adversely affect the company's margins and market share, respectively. Moreover, rise in wages in Brazil along with the rising fuel cost weakens our view on the stock.
During the second quarter of 2011, the company posted improved results and raised its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Markets In Everything: Digital Detox Hotel Posted: 31 Aug 2011 11:50 AM PDT Special Package at the Renaissance Pittsburgh Hotel: “Zen and the Art of Detox” “This is a chance to revive yourself from an over-stimulated world. This package includes overnight accommodations in a Deluxe King Room; and kayak lessons within a 5 minute walk from the hotel. Your laptop, cell phone, and all other digital devices must be surrendered upon check-in, and will be held for you until your departure. Prior to your arrival, the television, phone, and ihome dock station will be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 31 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.4365, down 0.53% at time of writing. The pair was likely to find support at 1.4329, Friday's low, and resistance at 1.4549, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Options Feeding Frenzy Ensues On AT&T As DOJ Threatens T-Mobile Deal Posted: 31 Aug 2011 10:53 AM PDT Options feeding frenzy ensues on AT&T as DOJ threatens T-Mobile deal
Today's tickers: T, LYB, XLY & NRG
(NYSE:T) – AT&T, Inc. – The cost of buying AT&T put options that expire at the end of the week exploded after the U.S. Justice Department filed suit to block the telecommunications company's proposed $39 billion acquisition of Deutsche Telekom's T-Mobile USA, Inc., on grounds the deal would hamper competition in the wireless market. Shares in Dallas, Texas-based AT&T … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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| Exploring For Oil In Brazil Posted: 30 Aug 2011 10:00 PM PDT Remote locations of Brazil's Amazon have potentially large untapped oil and gas reserves, but lack of adequate infrastructure to explore these resources have prevented success … until now. Oil and gas company HRT Participações em Petróleo S.A. has dispatched more than 1,000 workers to dig exploratory oil wells in the region.
Brian Hicks, co-manager of the Global Resources Fund (PSPFX), recently embarked on a research trip to Rio de Janeiro to visit HRT's headquarters and operations. He … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards 
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