Tuesday, August 23, 2011

DailyMarkets.com - CVS Initiates Flu Campaign

DailyMarkets.com - CVS Initiates Flu Campaign

CVS Initiates Flu Campaign

Posted: 23 Aug 2011 08:03 AM PDT

CVS Caremark Corporation (NYSE:CVS) is all set to tackle this year's flu season with its recently launched You vs. Flu campaign, under which seasonal flu vaccinations will be sold through all CVS/pharmacy and MinuteClinic to help consumers fight against the flu.
Presently, CVS/pharmacy covers over 7,200 locations and MinuteClinic has nearly 600 locations. The company is also making flu shots available through direct medical billing for many national and regional health plans such as Medicare … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Downgrades PulteGroup

Posted: 23 Aug 2011 07:50 AM PDT

Recently, Fitch Ratings downgraded their ratings and outlook on PulteGroup Inc. (NYSE:PHM) owing to the ongoing weakness in the housing and construction industry. Fitch reduced PulteGroup’s issuer default rating and its senior unsecured ratings to “BB” from “BB+.” The ratings agency also downgraded its outlook on the homebuilder to “Negative” from “Stable”.
The building industry continues to remain weak despite the ongoing economic recovery in the U.S. Both housing starts and applications for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PSB Closes Multiple Transactions

Posted: 23 Aug 2011 07:35 AM PDT

PS Business Parks Inc. (PSB) recently completed the sale of a 177,000-square foot flex park named Westchase Corporate Park, comprising 13 buildings located in Houston, Texas, for $9.8 million.
The company also announced the acquisition of a 45,500-square foot flex building within its Miami International Commerce Center in Miami, Florida, for $3.5 million. The single-story building is currently 33.3% occupied. With this transaction, the company now owns 3.3 million square feet of space in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Woes As Economy Slows

Posted: 23 Aug 2011 07:18 AM PDT

Tuesday, August 23, 2011
The Dollar finds itself in a vulnerable position due to the high likelihood that the Fed will intervene at any inkling that the economy is heading toward a double-dip recession, leading to further expansion of the monetary base. A full-on banking crisis in Europe could stave off declines in the greenback, but all is quiet after the Sarkozy-Merkel meeting last week. Technically, the Dollar Index may be on the verge of confirming a downside breakout from its recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Home Sales Fall More-than-expected

Posted: 23 Aug 2011 07:10 AM PDT

Forexpros – New home sales in the U.S. fell more-than-expected last month, official data showed on Tuesday.<br/><br/>In a report, the Census Bureau said that new home sales fell to a seasonally adjusted annual rate of 298K, from 312K in the preceding month.<br/><br/>Analysts had expected new home sales to fall to 310K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greenspan’s Comments Tank Euro

Posted: 23 Aug 2011 07:03 AM PDT

EUR crosses saw a steep sell-off in NY trading, paring most of the gains we had seen overnight. From a high overnight in the EUR/USD of $1.45, we have slid back down to 1.4390.

We now look for support at our 200-hourly ema as well as at the support trendline we have established over the last 2 trading session.

The catalyst were disparaging comments from former Fed Chairman Alan Greenspan, in which he says:

The euro is breaking down.
That some collateral held by euro-area … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lifeway Foods Lags On Higher Costs

Posted: 23 Aug 2011 07:03 AM PDT

Morton Grove, Illinois-based Lifeway Foods Inc. (NASDAQ:LWAY) posted earnings of 2 cents per share in the second quarter of 2011, missing the Zacks Consensus Estimate of 6 cents per share and the year-ago quarter earnings of 7 cents per share. The lower-than-expected results were due to higher commodity costs.
Lifeway Foods primarily engages in manufacturing dairy and non-dairy health food products. The company reported gross sales of $19.9 million in the quarter, up 28.0% year over year. The upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aussie Rallies For Third Consecutive Session On Chinese Growth Outlook

Posted: 23 Aug 2011 07:02 AM PDT

Fundamental Headlines
• Gold Declines from Record above $1,910 – Bloomberg
• Wall Street Aristocracy Go $1.2 Trillion in Secret Loans at Lowest Interest Rates – Bloomberg
• Stocks Rally on Hopes for China Growth – Financial Times
• S&P Replaces President with Citibank Executive after U.S. Downgrade – Reuters
• BOJ Chief Gets Vocal about Economic Woes – WSJ
European Session Summary
The commodity currencies were the strongest performing majors against the U.S. Dollar in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waiting For Bernanke

Posted: 23 Aug 2011 06:51 AM PDT

With the domestic economic calendar on the thin side, the market will likely find today’s manufacturing data coming out of Asia and Europe to be reassuring enough. The Libyan situation remains fluid, but it is increasingly becoming obvious that Qadhafi may not have much time left.

But all eyes are on Bernanke, who will speak about the U.S. economy at the Fed’s annual Jackson Hole confab. Anticipation has been building that he will repeat his performance from last year and lay out the plans for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vertex’s Incivek Approved In Canada

Posted: 23 Aug 2011 06:51 AM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced that the Canadian regulatory body has approved Incivek (telaprevir), for treating patients with genotype 1 chronic hepatitis C (HCV) with compensated liver disease, including cirrhosis (scarring of the liver). We note that even though the liver is damaged in patients with compensated liver disease it still functions.
The drug is to be used in combination with pegylated-interferon and ribavirin for the treatment of HCV in both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Guess? Inc.

Posted: 23 Aug 2011 06:51 AM PDT

Guess? Inc. (NYSE:GES) is scheduled to report its second-quarter 2012 financial results on Wednesday, August 24, 2011 after market. The current Zacks Consensus Estimate for the quarter is pegged at 81 cents a share. The Zacks Consensus Estimate projects revenues for the quarter to be $657 million.
First Quarter 2012 Recap
Guess? Inc., which faces stiff competition from Abercrombie & Fitch Co. (NYSE:ANF) and Gap Inc. (NYSE:GAP), posted strong earnings for the first quarter of fiscal 2012, driven by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Las Vegas Home Sales: 95% Of Sales Are To: A) Cash Buyers Or B) First-time Buyers With FHA Financing

Posted: 23 Aug 2011 06:50 AM PDT

From the DQNews report on July home sales in Las Vegas:

1. In July, 4,535 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County), down 13.8% from June but up 5.2% from July 2010. 

2. Distressed sales (foreclosures and short sales) represented 70.6% of July transactions, and foreclosure resales alone accounted for 59.5% of July sales. 

3. Last month, 53% of Las Vegas home sales were sold to cash buyers, and 42.1% to homebuyers using low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Pulls Back From Daily Low As Crude Erases Gains

Posted: 23 Aug 2011 06:45 AM PDT

Forexpros – The U.S. dollar pulled back from a daily low against its Canadian counterpart on Tuesday, as crude oil, Canada&rsquo;s largest export, erased gains, while a report showed that Canadian retail sales broadly met market expectations in June.<br /><br />USD/CAD pulled away from 0.9850, the daily low, to hit 0.9887 during early U.S. trade, still down 0.16% over the day.<br /><br />The pair was likely to find support at 0.9825, Friday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Continues Fall And Tests 1.4400 Area

Posted: 23 Aug 2011 06:43 AM PDT

The EURUSD has continued the slide to the downside – falling to the 1.4400 level. The 1.4403 level, 1.4390 and the 1.4384 (100 hour MA – blue line in the chart above) are the next targets in the quick reversal move. On the topside, the 1.4409 level and 1.4426 (midpoint of the days range) are now upside resistance levels for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Boeing Company, Delta Air Lines (New), Investors Bancorp, ManTech International, Murphy Oil, 99 Cents Only Stores, New York & Company, Piper Jaffray Companies, PMI Group, Travelzoo Inc

Posted: 23 Aug 2011 06:35 AM PDT

    According to a report in the New York Post, discount chain retailer 99-Cents Only Stores (NYSE:NDN) could be purchased by private equity firm Apollo Global Management (APO). Following this development, shares of 99-Cents gained 8.56%

    Board members of online content provider Demand Media Inc (DMD) has approved a stock repurchase program worth as much as $25 million

    Share prices of The PMI Group, Inc. (NYSE:PMI) plunged 31.83% after two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: TiVo Inc.

Posted: 23 Aug 2011 06:35 AM PDT

TiVo Inc. (NASDAQ:TIVO) is scheduled to announce its second quarter 2012 results on August 24, 2011 after the closing bell. We do not see any major variation in analysts' estimates in the run-up to the earnings release.
Prior-Quarter Recap
TiVo reported earnings per share (EPS) of $1.04 per share in the first quarter of 2012, comprehensively beating the Zacks Consensus Estimate of a loss of 31 cents. Results were a significant improvement over the loss of 13 cents per share in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 23 Aug 2011 06:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 23 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails

Posted: 23 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 23 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Posts Strong Headline Retail Sales Reading, Can It Shift Bias In EUR/CAD?

Posted: 23 Aug 2011 06:13 AM PDT

Thanks to a pickup in new and used car sales, overall Canadian retail sales for June rose 0.7%, a result that was better than expected, and is the strongest retail performance in seven months.
From the Release: "Retail sales rose 0.7% to $37.8 billion in June, a third consecutive monthly increase. Excluding sales at motor vehicle and parts dealers, retail sales decreased 0.1%. Higher sales and lower prices at new car dealers accounted for most of the 1.6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target Date Set For Amgen’s Xgeva

Posted: 23 Aug 2011 06:11 AM PDT

Amgen Inc. (NASDAQ:AMGN) recently announced that the US Food and Drug Administration (FDA) has set a Prescription Drug User Fee Act (PDUFA) action date of April 26, 2012 for the supplemental Biologics License Application (sBLA) of Xgeva (denosumab). Amgen is seeking to get Xgeva approved for the reduction of the risk of developing bone metastases in men with castrate-resistant prostate cancer.
Amgen had filed the sBLA for the drug in June 2011. The application was based on data from a late-stage … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On DIRECTV

Posted: 23 Aug 2011 06:05 AM PDT

DIRECTV (NASDAQ:DTV) declared excellent financial results for the second quarter of 2011. These solid results were the combined effect of a double-digit growth of the top line and solid margin and ARPU expansion. The company is reaping the benefits of affluent quality subscribers, who are willing to pay for DIRECTV's premium services and programs, which are pricier.  DIRECTV remains one of the few pay-TV service providers that are still generating video subscriber growth.
However, net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Televisa-Iusacell Merger Delayed

Posted: 23 Aug 2011 06:05 AM PDT

Grupo Televisa S.A. (NYSE:TV), the largest media company in the Spanish speaking world, has to wait till the end of 2011 to know whether its long awaited dream to get a foothold in the lucrative Mexican market will actually become a reality or not. Recently, the head of Mexican telecom regulator "Cofeco" declared that their final decision regarding Televisa's proposed acquisition of 50% stake of Mexican wireless operator Grupo Iusacell will take longer time than expected.
In April 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Finds Support Against Intraday Technical Levels

Posted: 23 Aug 2011 06:04 AM PDT

The 1.4438 to 1.4443 area has a number of intraday support levels to lean against and the EURUSD on the first look in the NY session found that support.  The activity – in  NY at least – has been to the downside after the sharp move higher on the back of the better than expected PMI data in Germany and the EU as a whole.  The German ZEW Investor Sentiment was worse than expected and this took some of the steam out of the market..
Traders will likely give the benefit of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Point To Higher Open; Dow Futures Up 0.69%

Posted: 23 Aug 2011 06:04 AM PDT

Forexpros – U.S. stock futures indicated a higher open on Tuesday, after Chinese manufacturing data boosted risk appetite, while speculation over fresh stimulus measures to support the U.S. economy also buoyed sentiment.<br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to an increase of 0.69%, the S&amp;P 500 futures climbed 0.79%, while the Nasdaq 100 futures gained 0.76%.&nbsp; <br /><br />Concerns over a slowdown in global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Beloit College Mindset List For Class Of 2015

Posted: 23 Aug 2011 06:00 AM PDT

MILWAUKEE — “Never trust anyone older than the Internet. That’s not the official mantra for the incoming class of college freshmen, who according to an annual list collectively are the first to be younger than the World Wide Web, but it certainly could be.”

ASSOCIATED PRESS — “Most students entering college for the first time this fall — members of the Class of 2015 — were born in 1993. For these students, Andre the Giant, River Phoenix, Frank Zappa, Arthur Ashe and the Commodore 64 have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Under Fire Again Ahead Of US Open, Crude Oil Set To Rise

Posted: 23 Aug 2011 05:41 AM PDT

Talking Points

Crude Oil to Capitalize as S&P 500 Futures Point to Risk Recovery
Gold Under Fire Again Ahead of US Open –Will Momentum Last?

WTI Crude Oil (NY Close): $84.12 // +1.86 // +2.26%
S&P 500 stock index futures are pointing aggressively higher ahead of the opening bell on Wall Street, hinting the WTI contract will continue to recover along with a broad-based improvement in risk appetite. With that in mind, yesterday's price action is an important cautionary tale for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Core Retail Sales Fall Unexpectedly

Posted: 23 Aug 2011 05:40 AM PDT

Forexpros – Core retail sales in Canada fell unexpectedly last month, official data showed on Tuesday.<br/><br/>In a report, Statistics Canada said that Canadian core retail sales fell to a seasonally adjusted -0.1%, from 0.6% in the preceding month whose figure was revised up from 0.5%.<br/><br/>Analysts had expected Canadian core retail sales to rise 0.4% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP Slides Vs Other Yielders Despite Some Better Second-Tier Data

Posted: 23 Aug 2011 05:36 AM PDT

In the UK, we saw fundamental data come in a bit better than expected, which helped the GBP to rally against the USD, but it fell back against the EUR, AUD, NZD, and JPY, showing that while it was better than the laggard USD, the GBP was shedding part of its strong gains from last week – gains that may have been overdone due to M&A flows.
With risk-on trading during the European session, the GBP fell back against its higher yielding rivals – EUR, AUD, NZD.
For example, here is a look at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FCX & Grasberg Union Extend Talks

Posted: 23 Aug 2011 05:35 AM PDT

Freeport-McMoRan Copper & Gold Inc.’s (NYSE:FCX) Grasberg copper-gold mine in Indonesia has agreed to extend talks on labor contract terms with its workers till August 26, after they failed to reach an agreement on 2011-2013 contract terms including salary.
Freeportand Grasberg mine's labor union has been in talks since July 20 after approximately 8,000 workers went on strike, significantly impacting mining operations and production.
The employees want their pay to increase between $35 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

URS To Support Army’s Program

Posted: 23 Aug 2011 05:35 AM PDT

Four firms, including URS Corporation (NYSE:URS), have received an indefinite delivery/indefinite quantity contract from the U.S. Army, to support the Army's Training Support Systems program. Through this contract, URS will be able to compete for a huge range of projects. Base term of the contract is one year with four one-year option periods. For all the four firms, total value is $491 million over the full five years.
The contract has been awarded for the expansion of the Army's former … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Remains Down Vs. Rivals After PMI Reports

Posted: 23 Aug 2011 05:30 AM PDT

Forexpros – The U.S. dollar remained lower against all of its major rivals on Tuesday, after PMI data from the euro zone and China boosted demand for riskier assets, weighing on the greenback.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.72% to hit 1.4464.<br /><br />The euro zone&rsquo;s manufacturing purchasing managers&rsquo; index fell to 49.7 from 50.4 in July. Economists had forecast a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The 6-Year Search For A Family Doctor In Canada

Posted: 23 Aug 2011 05:24 AM PDT

From the article “The Soul-Destroying Search for a Family Doctor,” about a woman’s six-year search to find a family doctor in Canada, where the single-payer system is frequently plagued with shortages for primary care physicians.  Although once you manage to find one, you are entitled to receive their medical services for “free” (and there might be some long waiting times):

“When the man took my registration papers and said "congratulations, you have a family doctor," I confess I had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Trims Gains, Pulling Back From 2-day High

Posted: 23 Aug 2011 05:13 AM PDT

Forexpros – The pound trimmed gains against the U.S. dollar on Tuesday, pulling back from a two-day high, despite U.K. data showing that factory orders unexpectedly rose this month, while mortgage approvals hit a one-year high in July.<br /><br />GBP/USD pulled back from 1.6571, the pair&rsquo;s highest since Friday, to hit 1.6516 during European afternoon trade, still up 0.38% over the day.<br /><br />Cable was likely to find support at 1.6435, Monday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Extends Gains, Climbs To 4-day High

Posted: 23 Aug 2011 04:47 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Tuesday, rising to a four-day high after data showed that both German and euro zone PMI data didn&rsquo;t slow as much as expected this month.<br /><br />EUR/USD hit 1.4500 during European early afternoon, the pair&rsquo;s highest since August 17; the pair subsequently consolidated at 1.4477, surging 0.82%.<br /><br />The pair was likely to find support at 1.4324, the low of July 17 and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rallies On PMI’s Holding Steady, Knocking Back Region’s Doom And Gloomers

Posted: 23 Aug 2011 04:34 AM PDT

The Euro rallied strongly in European trading against its major rivals, following German and Euro-zone purchasing manager reports that while showing weaker activity than in July, suggested that the Euro-zone economy was more resilient than had feared.
We previewed the Euro-zone PMI Release in our Fundamental Update: After Weak Euro-zone 2Q GDP, Flash August PMI's Can Set Tone for Euro

Germany's manufacturing PMI remained at 52.0, the same level as in July, and better than expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Retreat From Record As China PMI Data Boosts Risk Appetite

Posted: 23 Aug 2011 04:15 AM PDT

Forexpros – Gold futures pulled back from record highs on Tuesday, as better-than-expected data from China buoyed Asian and European equities markets and supported demand for riskier assets.<br />&nbsp;&nbsp; <br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,882.65 a troy ounce during European late morning trade, down 0.39%, after hitting the day&rsquo;s low of USD1,871.18. <br />&nbsp;<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks Gain On Euro Zone, China PMI Data; DAX Adds 1.81%

Posted: 23 Aug 2011 03:37 AM PDT

Forexpros – European stock markets were higher on Tuesday, after readings of manufacturing activity in the euro zone and China bolstered risk appetite, while hopes for fresh stimulus measures for the U.S. economy also lifted markets.<br /><br />During European morning trade, the EURO STOXX 50 jumped 1.61% France&rsquo;s CAC 40 rallied 1.91%, while Germany&rsquo;s DAX 30 advanced 1.81%.<br /><br />The DAX&rsquo;s gains came after data showed that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Technical Analysis August 23, 2011

Posted: 22 Aug 2011 06:16 PM PDT

By CommoditiesMansion.com

Light Sweet Crude
 
The CL contract had a bullish day on Monday, triggering the buy signal that was formed as a result of the Friday hammer. The market looks like it wants to retry the $90 level and one cannot help but feel it will. The breaking of $90 to the upside would be massively bullish for this market. If we get a break below $80 – this market should fall rather hard. Until then – we can only play the shorter-term signals that are telling us that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis August 23, 2011

Posted: 22 Aug 2011 06:15 PM PDT

By CommoditiesMansion.com

The natural gas markets had an extraordinarily quiet session on Monday as traders as simply treading water just below the $4 mark. The area had been a significant break of support recently, and should serve as resistance in the future. The pair is decidedly bearish, so we know we want to be sellers. However, until we get a decent red candle – it looks like this market could sit still for some time.

Originally posted here

Explore WTICrudeOil.com to find out … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Technical Analysis August 23, 2011

Posted: 22 Aug 2011 06:14 PM PDT

By CommoditiesMansion.com

The gold markets continued to rally on Monday as the market finally tested the $1,900 mark. The parabolic move is certainly overbought, but as long as the world worries about the sovereign creditworthiness of several different nations around the world, and the worries about recession. The parabolic move will certainly pullback sooner or later, but the market is so bullish – we don't dare try to short this market as it can continue to rise for longer than you … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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