DailyMarkets.com - Days Like This

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• Days Like This
• August 8 Market Commentary: A Margin Call On America
• Crude Oil Futures Sink In Asian Trade
• Forex – EUR/USD Retreats In Early Asian Trade
• Forex – Dollar Mixed In Early Asian Trade
• Forex – EUR/USD Up During The Asian Session
• Felix Zulauf, Fans Rewarded Again
• S&P Downgrades US Government Entities
• Forex – NZD/USD Down In Asian Trade
• The Day Ahead: FOMC Announcement, US Productivity And Costs, Earnings – Disney; Chinese Data – CPI, PPI, Industrial Production, Retail Sales
• Hot Option Plays: Vampire Market
• What Is Next For The S&P 500
• Stock Watch List For Tuesday, Aug 9
• Claims Cost Wells Fargo $590M
• MEMC Adds To Solar Suite
• Earnings Scorecard: CB Richard
• Greatbatch Reaffirmed At Neutral
• NCR’s Self-Serv ATMs For Redwood
• USD/CHF’s Extension And Expansion Targets To The Downside
• Exxon, Samsung In Construction Deal
• NRG Energy Taps Into Arizona
• Halliburton Upgraded To Outperform
• Macy’s Sales Rise
• Eastman Chemical Splits Stock
• Closing Bell Market Monitor: BAC, VZ, Dow Selloff
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Einstein Noah Lags On Rising Costs
• S&P Ups Regions’ Rating Outlook
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 5.55%
• Remain Optimistic About Microsemi
• Accenture Wins IRS Deal
• CNQ Tops On High Oil Prices
• Limited Brands Sales Up
• Stanley Buys Stake In Niscayah
• Earnings Preview: Fossil Inc.
• Forex – GBP/USD Down During The U.S. Session
• Much Ado About A Double-Dip?
• BSX Upgraded To Outperform
• SurModics Tops, Lifts View
• Volatility Sellers Attack UltraShort S&P500 Calls
• Forex – USD/CHF Down In U.S. Trading Hours
• Forex Trading: AUDUSD Tests Key Support At 1.0196
• Forex – USD/CAD Up In U.S. Trade
• Micromet Loss Better Of Est, Rev Up
• Forex Trading: USDJPY Being Moved Around By Stock Market
• Previewing The BOE Inflation Report – Assessing UK Growth Prospects Key To GBP
• Forex – EUR/USD Down In U.S. Trading Hours
• A Quick Review Of The SP500 Long Term Fibonacci Retracement Levels
• Impella Pares Abiomed’s Losses
• Sales Slip At Warner Chilcott
• Forex Trading: EURUSD Fights Between Support And Resistance On Intraday Chart
• Hot Option Plays: Thanks S&P
• Forex – AUD/USD Down In U.S. Trade
• Telus Misses, Guides Higher
• Putting The Selloff In Context Of Weekly Triple Index Structure
• Forex – NZD/USD Down During The U.S. Session
• Southwest Plans Share Buyback
• CEC Beats; Outlook Weak
• “Stay In Defensive Stocks”
• Monday Higher Education Links
• Investors Seeking Safe-haven Assets Following S&P Downgrade
• Investors Seeking Safe-haven Assets Following S&P Downgrade
• European Markets Close Lower; Dax Down 5.02%
• What’s Next?

Days Like This Posted: 08 Aug 2011 06:11 PM PDT With the kinds of markets we’ve seen lately, there’s only one thing to do: revisit the Brokers with Hands on Their Faces blog: Of course, after today’s big plunge, I’m betting there were more than a few who looked like this… …and who were praying, no doubt, for… …the rally monkey… …a greater fool (in fact, lots of them)… (Image: source) …or that faitfhful old money printer… …Helicopter Ben! (Image: source) Shhhh — I think I hear the chopper blades whirring … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards This posting includes an audio/video/photo media file: Download Now

August 8 Market Commentary: A Margin Call On America Posted: 08 Aug 2011 05:59 PM PDT That was not a lot of fun. The 6% selloff in the market we witnessed today is obviously tremendously unnerving. Professional traders and active managers who monitor market moves on a minute by minute basis will have their their own opinions as to what did happen and what will happen. For those in the audience who appreciate and embrace the true spirit of 'sense on cents', while we listen to the spin provided by market mavens, esteemed economists, political pundits, and Washington wizards, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Sink In Asian Trade Posted: 08 Aug 2011 05:29 PM PDT Forexpros – Crude oil futures fell to near nine-month lows in early Asian trade Monday, as the U.S. credit rating downgrade sent investors scurrying from riskier assets in expectation of a slowdown in the world&rsquo;s largest economy.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD79.61 a barrel during early Asian trade, falling 1.63%, after hitting a daily high of USD81.29.<br /><br />Oil prices were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Retreats In Early Asian Trade Posted: 08 Aug 2011 04:57 PM PDT Forexpros – The euro extended losses against the U.S. dollar Monday, as dealers sought safe-haven positions in the greenback following the bloodbath on Wall Street that saw U.S. shares suffer their sixth worst drop in history.<br /><br />EUR/USD hit 1.4187 during early Asian trade, the pair&rsquo;s highest since August 7; the pair subsequently consolidated at 1.4175, dropping 0.3%.<br /><br />The pair was likely to find support at 1.4056, last Thursday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed In Early Asian Trade Posted: 08 Aug 2011 04:21 PM PDT Forexpros – The U.S. dollar was mixed against its major counterparts Monday, in the wake of Wall Street&rsquo;s sixth worst daily drop in history, following Standard and Poor&rsquo;s downgrade of its U.S. credit rating. <br /><br />In early Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.09% to hit 1.4166.<br /><br />In Monday&rsquo;s U.S. session, stocks plummeted soon after the opening bell as investors ran from equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session Posted: 08 Aug 2011 04:10 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4180, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8683 and EUR/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Felix Zulauf, Fans Rewarded Again Posted: 08 Aug 2011 04:09 PM PDT The site is a fan of Felix Zulauf of Zulauf Asset Management, and we thank him for his public statements, especially this one. Previous prediction from Felix Zulauf of Zulauf Asset Management..”1100 on the S&P by the fourth quarter wouldn’t be a surprise”.. His best trading ideas were on 20110611: In the near term, through the summer and fall, I would short the XME [ SPDR S&P Metals and Mining exchange-traded fund], the XLI [Industrial Select Sector SPDR], the XLK [ Technology ... [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P Downgrades US Government Entities Posted: 08 Aug 2011 03:57 PM PDT 08/08/11 Standard & Poor’s downgraded the credit ratings of Fannie Mae, Freddie Mac, alongside FHLBs and FDIC debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 08 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8182, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 0.8171, today&rsquo;s low, and resistance at 0.8679, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.11% to hit 1.2425 and EUR/NZD rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: FOMC Announcement, US Productivity And Costs, Earnings – Disney; Chinese Data – CPI, PPI, Industrial Production, Retail Sales Posted: 08 Aug 2011 10:20 AM PDT 08/08/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Vampire Market Posted: 08 Aug 2011 03:18 PM PDT Cusick Corner All eyes will be on the Fed tomorrow, their language will be scrutinized and traders will be on edge. I got a question about what may be a signal that the equities may be potentially firming up and potentially bounce – look at commodities like Copper, JJC, Lumber, LBU11, and Cotton, BAL/CTV11. If you see these commodities make higher lows and firm up, may be signaling that a bounce could be in the works. But the reality is that the markets need to get some sort of confirmation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Is Next For The S&P 500 Posted: 08 Aug 2011 03:16 PM PDT JW Jones – http://www.OptionsTradingSignals.com Three weeks ago I began urging members of my service to reduce risk and raise cash. I pounded the table incessantly for the past two weeks to continue to raise cash and reduce risk. I have not issued a trade alert to members in over 3 weeks, but by acknowledging risk ahead of the debt ceiling debate I was able to sidestep one of the worst weeks in U.S. financial markets since 2008. Armed with cash and my emotional capital intact, I am going to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watch List For Tuesday, Aug 9 Posted: 08 Aug 2011 03:09 PM PDT  ( click to enlarge ) Pharmacyclics, Inc. (NASDAQ:PCYC) – Technically, the chart shows a bearish picture for stock with MACD and KD showing weak signals. Although the Stochastic is clearly oversold, we all know that an oversold indicator, especially the Stochastic within a bearish probability can be misleading. The stock has a strong support at $8.45, but any close below this level could start a new sell off. ( click to enlarge ) Ciena Corporation (NASDAQ:CIEN) – I expect the stock to remain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Claims Cost Wells Fargo $590M Posted: 08 Aug 2011 03:04 PM PDT Wells Fargo & Co. (NYSE:WFC) has hit the headlines again and this time for a wrong reason. The company has agreed to pay $590 million to settle claims with investors who alleged Wachovia of misleading investors in a lawsuit, according to a securities filing late last week. Wachovia had been acquired by Wells Fargo in 2008. The settlement, which is currently subject to the court's approval, would result in a closure of a class-action case. It was alleged that Wachovia had mislead investors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MEMC Adds To Solar Suite Posted: 08 Aug 2011 03:04 PM PDT In conjunction with delivering a strong quarter last week, the semiconductor and solar technology provider MEMC Electronic Materials Inc. (NYSE:WFR) announced the acquisition of a wholly owned U.S. subsidiary of Fotowatio Renewable Ventures Inc. (“FRV”). MEMC has agreed to pay FRV a total sum of $134.9 million ($112.0 million in cash and $22.9 million debt repayment). The company will also pay $103.6 million on performance targets met by the subsidiary. FRV is the global leader in terms of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: CB Richard Posted: 08 Aug 2011 03:04 PM PDT CB Richard Ellis Group, Inc. (NYSE:CBG) reported net income of $61.2 million or 19 cents per share in the second quarter of fiscal 2011 compared with $54.8 million or 17 cents per share in the year-ago period. Excluding non-recurring items, the company reported net income of $67 million or 21 cents per share during the quarter versus $58.8 million or 18 cents per share in the year-earlier quarter. Recurring earnings, however, missed the Zacks Consensus Estimate by 3 cents. We cover below the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greatbatch Reaffirmed At Neutral Posted: 08 Aug 2011 03:04 PM PDT We reiterate our Neutral recommendation for Greatbatch Inc. (NYSE:GB). Second-quarter fiscal 2011 earnings per share of 43 cents met the Zacks Consensus Estimate. Revenues rose 4% year over year to $146.5 million, topping the Zacks Consensus Estimate of $141 million. Sales were boosted by solid double-digit growth at the company's Orthopedic franchise backed by favorable foreign exchange translation, which offset declines across other businesses. Greatbatch lifted its revenue and earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR’s Self-Serv ATMs For Redwood Posted: 08 Aug 2011 02:35 PM PDT NCR Corp. (NYSE:NCR) recently announced that it will provide 30 SelfServ Automated Teller Machines (ATM) to Redwood Credit Union. Financial details of the deal were not divulged. Under the deal with Redwood, NCR will provide the credit union with SelfServ ATMs featuring the Scalable Deposit Module (SDM) technology, which allows customers to deposit both cash and checks simultaneously in any orientation through a single slot. This new technology will also double up the speed of ATM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF’s Extension And Expansion Targets To The Downside Posted: 08 Aug 2011 02:32 PM PDT USD/CHF - The USD/CHF is at record lows, and we have to use the weekly chart to see long term wave ratio analysis in order to check some targets. - Here we see that taking the swing from the November  2005 high to the March 2008 low, and projecting from November 2008 pivot, 150% expansion is just above 0.6800. - Looking back at the  April 1995 rally to October 2000 and looking at the retracement levels, we see that an extension of 161.8% is also near 0.68. - There is not exact … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon, Samsung In Construction Deal Posted: 08 Aug 2011 02:15 PM PDT ExxonMobil Corporation (NYSE:XOM) has awarded a contract of $750 million to Samsung Engineering Company and Tripatra Engineering. The contract entails construction of production facilities at the Banyu Urip field in the Cepu oil and gas block in Java. The project, slated to begin this month, confers Samsung Engineering Company and its Indonesian partner Tripatra Engineering rights to handle all procedures, ranging from design to procurement, construction and pilot operations by July 2014. Full … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRG Energy Taps Into Arizona Posted: 08 Aug 2011 02:15 PM PDT Energy generation company NRG Energy Inc. (NYSE:NRG) said it has completed the purchase of a 290-megawatt solar project in Arizona from First Solar Inc. (NASDAQ:FSLR). The purchase of the Agua Caliente solar project, which is presently under construction, was contingent upon the project's loan guarantee from the U.S. Department of Energy's Loan Programs Office. Located in the Yuma County, Arizona, the Agua Caliente is the world's largest solar photovoltaic project capable of creating up to 400 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Halliburton Upgraded To Outperform Posted: 08 Aug 2011 02:05 PM PDT We have upgraded major oilfield services provider Halliburton Co. (NYSE:HAL) to Outperform from Neutral, reflecting strong demand for its services in North America. Halliburton enjoys a strong competitive position within the global oilfield services markets. We like the company's broad and technologically-complex product and service offerings, along with its robust financial profile. It remains the best-positioned company in the U.S. pressure pumping market, with significant acreage positions in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Macy’s Sales Rise Posted: 08 Aug 2011 02:05 PM PDT Macy's, Inc. (NYSE:M) recently posted better-than-expected sales for the four-week period ended July 30, 2011. Macy's comparable-store sales for July 2011 rose 5%, following an increase of 6.7% registered in June 2011, and compared favorably with a 7.3% jump back in July 2010. Year-to-date, comps increased 5.9%. Management also hinted that comparable-store sales for second-quarter 2011 climbed 6.4%, and fared better than the company's projection of 6%. Cincinnati, Ohio-based Macy's said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eastman Chemical Splits Stock Posted: 08 Aug 2011 02:05 PM PDT The plastics and chemicals maker Eastman Chemical Co. (NYSE:EMN) announced that it will increase the payout to its shareholders. The Kingsport-based company declared a 2-for-1 stock split and increased the quarterly cash dividend by 11%. Eastman announced that it will pay a dividend of 52 cents per share on a pre-split basis. The stock split will be in the form of a 100% stock dividend to be distributed on October 3, 2011 to stockholders of record as of September 15, 2011. New shares issued from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: BAC, VZ, Dow Selloff Posted: 08 Aug 2011 02:00 PM PDT 08/08/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the NYSE closing bell including: a 600+ point drop for the Dow & a steep drop in Bank of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 08 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4182, down 0.68% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8692 and EUR/JPY falling 1.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 08 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 77.60, down 1.11% at time of writing.<br/><br/> The pair was likely to find support at 76.79, Wednesday&rsquo;s low, and resistance at 80.24, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.77% to hit 1.4168 and GBP/USD falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Einstein Noah Lags On Rising Costs Posted: 08 Aug 2011 01:35 PM PDT Einstein Noah Restaurant Group Inc. (NASDAQ:BAGL) has recently reported second quarter 2011 adjusted earnings of 18 cents per share, which missed the Zacks Consensus Estimate as well as prior-year earnings of 21 cents per share. Lower-than-expected results were due to soft same-store sales and commodity cost inflation. Total revenue inched up 0.2% year over year to $103.7 million. The uptick reflects strong growth in check driven by moderate pricing, favorable mix shift and strength in catering … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P Ups Regions’ Rating Outlook Posted: 08 Aug 2011 01:35 PM PDT On Friday, Standard & Poor's Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (NYSE:RF) and its subsidiary Regions Bank to 'Stable' from 'Negative.' The rating agency is impressed by Regions' improved loan performance. The revision to Stable outlook reflects S&P's anticipation of profit trend to continue in the upcoming quarters marked by improvement in Regions' loan loss provisions. Provision for loan losses fell 17% sequentially and 39% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 08 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4186, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8685 and EUR/JPY falling 1.72% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 5.55% Posted: 08 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 5.55%, the S&P 500 index shed 6.66%, while the Nasdaq 100 index declined 6.11%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 4.68%; Germany&rsquo;s DAX shed 5.02%; Britain&rsquo;s FTSE 100 declined 3.39%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Remain Optimistic About Microsemi Posted: 08 Aug 2011 01:05 PM PDT Microsemi Corporation's (NASDAQ:MSCC) third quarter earnings for fiscal 2011 beat the Zacks Consensus Estimate by a penny. Revenue Microsemi reported revenue of $216.7 million, up 4.4% sequentially, 59.3% year over year and within management's expectations of a 3-5% sequential increase. Revenue by End Market Following the announcement of the Actel acquisition, end markets generating Microsemi's revenue have now been classified as Defense & Security, Aerospace, Enterprise & Commercial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Wins IRS Deal Posted: 08 Aug 2011 01:05 PM PDT Technology outsourcing and consulting major Accenture plc (ACN) recently won a 10-year technology service contract from the Internal Revenue Service (IRS) department. These contracts are the primary procurement vehicles for technology-related services within the Internal Revenue Service (IRS) and other Treasury bureaus. The IRS department short listed 33 companies including Accenture Federal Services as prime contractors for this multiple-award contract. As per the terms of the agreement, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNQ Tops On High Oil Prices Posted: 08 Aug 2011 01:05 PM PDT Independent oil and gas explorer Canadian Natural Resources Ltd. (NYSE:CNQ) reported better-than-expected second-quarter results, buoyed by higher liquids prices. Earnings per share, excluding one-time and non-cash items, came in at 56 Canadian cents (57 cents), above the Zacks Consensus Estimate of 49 cents. However, the Calgary, Alberta-based operator's per share profits came slightly lower than the second-quarter 2010 level of 59 Canadian cents amid plant shutdowns that led to lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands Sales Up Posted: 08 Aug 2011 01:05 PM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted healthy sales results for the four-week period ended July 30, 2011 on the heels of healthy sales at its Victoria’s Secret Stores. The owner of Victoria’s Secret Direct and La Senza chains sustained its growth momentum. Limited Brands' comparable-store sales for July 2011 rose 6% compared with a 12% increase in both June 2011 and July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stanley Buys Stake In Niscayah Posted: 08 Aug 2011 01:05 PM PDT Stanley Black & Decker (NYSE:SWK) has recently acquired 37 million shares or a roughly 10.2% stake in Sweden-based Niscayah for a price not exceeding SEK18, implying $2.77 per share. Niscayah is a leading commercial security and monitoring company specializing in electronic security services and solutions and is gaining a foothold across Europe and the Nordic Region, as well as in the United States. Stanley has complied with the U.S. antitrust conditions related to the offer and the compulsory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Fossil Inc. Posted: 08 Aug 2011 01:05 PM PDT Fossil Inc. (NASDAQ:FOSL), one of the world's leading designer, marketer and distributor of fashion accessories worldwide, is scheduled to report its second-quarter 2011 financial results on Tuesday, August 9, 2011. The current Zacks Consensus Estimate for the quarter is pegged at 75 cents a share. The revenue Estimates for the quarter is $533 million. First Quarter 2011 Recaps Fossil, which faces stiff competition from Guess? Inc. (NYSE:GES), posted robust results for the first quarter of 2011 as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 08 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6343, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.6229, Thursday&rsquo;s low, and resistance at 1.6475, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8699 and GBP/JPY falling 1.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Much Ado About A Double-Dip? Posted: 08 Aug 2011 12:35 PM PDT Don’t panic. This is not the time to be scared by heated talks on the possibility of a so-called double-dip recession. The global stock market has come crashing down close on the heels of the debt ceiling raise and the dramatic downgrade of the U.S. credit rating by Standard & Poor’s. But it would be too early and too pessimistic to proclaim that the economy is slipping back into recession while it is still struggling to recover from the last one. We are not saying that the recent weak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSX Upgraded To Outperform Posted: 08 Aug 2011 12:35 PM PDT Recently, we upgraded Boston Scientific Corporation (NYSE:BSX) to Outperform with a target price of $7.75. Boston Scientific reported an EPS of 10 cents during the second quarter of fiscal 2011 compared to 6 cents in the year-ago period. However, after considering certain adjustments (other than amortization expense), the adjusted EPS came in at 12 cents, beating the Zacks Consensus Estimate of 8 cents and the year-ago quarter's 6 cents. Revenues increased 2.4% year over year to $1.975 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SurModics Tops, Lifts View Posted: 08 Aug 2011 12:35 PM PDT SurModics Inc.'s (NASDAQ:SRDX) third quarter fiscal 2011 earnings (excluding special items) of $0.13 per share beat the Zacks Consensus Estimate by $0.09 and the year-ago adjusted earnings by $0.02. The impressive year over year performance was primarily attributable to lower operating expenses. Revenues on an adjusted basis dropped approximately 3.4% year over year to $17.9 million in the reported quarter. Revenues surpassed the Zacks Consensus Estimate of $17 million. On a sequential basis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volatility Sellers Attack UltraShort S&P500 Calls Posted: 08 Aug 2011 12:33 PM PDT Volatility sellers attack UltraShort S&P500 calls Today's tickers: SDS, RIMM, KWK & XLB (SDS) – ProShares UltraShort S&P 500 ETF – Roughly 50% of the S&P 500 Index rally from August 2010 through early-May has evaporated, with the market meltdown accelerating on the heels of the downgrade of U.S. debt. The VIX spiked to flash-crash levels today, and exceeded 40.95 earlier in the session as U.S. equities tumbled lower. However, barring a repeat of the flash crash or some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours Posted: 08 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.7562, down 1.47% at time of writing.<br/><br/> The pair was likely to find support at 0.7484, today&rsquo;s low, and resistance at 0.7801, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.47% to hit 1.4212 and USD/JPY falling 0.98% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Tests Key Support At 1.0196 Posted: 08 Aug 2011 12:10 PM PDT The AUDUSD fell below trendline support and the 200 day MA at the 1.0304 level.  This will be the 1st time the price will close below the 200 day MA since Aug 31, 2010. The break sent the price down to test key support against the 38.2% retracement of the move up from the August 2010 low. That level comes in at 1.0196. The low reache 1.0206.    It is decision time for the AUDUSD.  Will the price bottom and find profit taking or will the liquidation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 08 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9908, up 0.90% at time of writing.<br/><br/> The pair was likely to find support at 0.9568, Wednesday&rsquo;s low, and resistance at 0.9929, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.50% to hit 1.4208 and GBP/USD falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Micromet Loss Better Of Est, Rev Up Posted: 08 Aug 2011 11:50 AM PDT Micromet Inc.'s (NASDAQ:MITI) second quarter 2011 loss per share came in at 19 cents (after adjusting for the change in fair value of warrants), wider than the year-ago loss of 15 cents per share (also adjusting for the change in fair value of warrants). The loss was, however, narrower than the Zacks Consensus Estimate of a loss of 21 cents due to higher-than-expected revenues. Loss widened from the prior year due to higher operating expenses which more than offset the rise in revenues. Quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Being Moved Around By Stock Market Posted: 08 Aug 2011 11:49 AM PDT The USDJPY has been pushed and lower on the stock fall and moved back higher on the bounced.  The fall failed to take out the low for the day which is somewhat positive for the pair. The 77.79 level is the 200 bar MA on the 5 minute chart above and the 100 bar MA (blue line) is at the 77.69 level.  A move above each is needed to lead to some short covering for the pair. Absent that, the price bias remains down to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Previewing The BOE Inflation Report – Assessing UK Growth Prospects Key To GBP Posted: 08 Aug 2011 11:46 AM PDT When assessing the GBP, especially against its key rivals the USD and EUR, we can take away that it is not dealing with the same type of sovereign debt concerns as we see in the Euro-zone or the US. The Cameron government took on bold austerity measures that have helped keep the UK's AAA credit rating stable among all the rating agencies. That is a plus in this current environment, and the GBP can be seen as an alternative to the EUR and USD. However, to start the week, the GBP/USD after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 08 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4211, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4426, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8689 and EUR/JPY falling 1.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Quick Review Of The SP500 Long Term Fibonacci Retracement Levels Posted: 08 Aug 2011 11:44 AM PDT It's been a few months since we've had to concern ourselves with the large-scale Fibonacci Retracement Levels of the entire bear market phase, but today brings in the 50% retracement back to the forefront. Will it hold?  And if not, where is the lower level?  Let's review our long-term Fibonacci Grid: Starting with the October 2007 high (peak) and drawing to the March 2009 low (bottom), the respective Fibonacci Retracements to the upside become: 38.2%:  1,014 50.0%:  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Impella Pares Abiomed’s Losses Posted: 08 Aug 2011 11:35 AM PDT Leading cardiac assist devices maker Abiomed's (NASDAQ:ABMD) first-quarter fiscal 2012 adjusted (excluding one-time items other than stock-based compensation expenses) net loss per share of 11 cents was higher than the Zacks Consensus Estimate of a loss of 5 cents. However, on a reported basis, net loss trimmed 23% year over year to $4.6 million (or 12 cents a share) riding on solid revenues from the company's popular Impella cardiac pumps. Revenues & Margins Revenues cruised 25% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sales Slip At Warner Chilcott Posted: 08 Aug 2011 11:35 AM PDT Warner Chilcott's (NASDAQ:WCRX) second quarter 2011 earnings (excluding special items) of $0.94 per share surpassed the Zacks Consensus Estimate by $0.05 but fell short of the prior-year earnings by $0.01. On a reported basis, the company earned $0.28 per share, down 39% year over year. The reported results included the costs due to the restructuring of the Western European operations by Warner Chilcott and costs incurred towards using its Manati, Puerto Rico manufacturing facility as a warehouse … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Fights Between Support And Resistance On Intraday Chart Posted: 08 Aug 2011 11:23 AM PDT The EURUSD remains above the 1.4186 and the 100 bar MA on the 5 minute chart. The 100 bar MA is at 1.4510 level currently. With the 100 bar MA compressing on the 1.4186 level, something has to give it would seem.  Look for a break and momentum on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Thanks S&P Posted: 08 Aug 2011 11:17 AM PDT Cusick’s Corner Standard & Poor’s has done what they said they were going to do — downgrade the US and Government home lending agencies. After looking at the EU’s efforts that will hold up Spain and Italy, it is hard to imagine that with the Fed meeting this week and the fact that our politicians now see their butts on the line, that they will not come to the table to quell the fear that is in the market. This may be the buying opportunity that my kids or those who are 20 years away from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 08 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0288, down 1.48% at time of writing.<br/><br/> The pair was likely to find support at 1.0286, today&rsquo;s low, and resistance at 1.0786, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.98% to hit 1.3802 and AUD/JPY falling 2.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Telus Misses, Guides Higher Posted: 08 Aug 2011 11:00 AM PDT The second largest Canadian telecommunications company, Telus Corporation (NYSE:TU) has reported second quarter adjusted earnings per ADS of $0.99 (C$0.96 per share), missing the Zacks Consensus Estimate by a penny. Adjusted earnings increased 5.5% from C$0.91 in the year-ago quarter. Adjusted earnings exclude an income tax benefit of 3 Canadian cents. Total revenue increased 6.4% year over year to C$2.554 billion ($2.639 billion), striding ahead of the Zacks Consensus Estimate of $2.616 billion. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Putting The Selloff In Context Of Weekly Triple Index Structure Posted: 08 Aug 2011 10:54 AM PDT When markets turn volatile, it's often helpful to pull-back the short-term perspective to the bigger picture of chart index levels and previous developments. Let's take a quick moment to view the "Bear Market and Recovery" perspective in the S&P 500, Dow Jones, and NASDAQ Indexes. I wanted to focus specifically on two structural levels across the equity index landscape. First, we have the confluence of price and the 200 week SMA at 1,150 – our simple downside target when 1,250 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 08 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8300, down 1.59% at time of writing.<br/><br/> The pair was likely to find support at 0.8256, today&rsquo;s low, and resistance at 0.8679, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.33% to hit 1.2424 and EUR/NZD rising 1.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southwest Plans Share Buyback Posted: 08 Aug 2011 10:36 AM PDT One of the leading low cost carriers, Southwest Airlines Co.'s (NYSE:LUV) board of directors has announced a share repurchase authorization of $500 million. In 2008, the company repurchased 4.4 million shares for approximately $54 million under a $500 million program announced that same year. However, given weak market conditions, management had suspended the buyback plan. The company has now regained its repurchase authorization, highlighting its strong cash flow position and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEC Beats; Outlook Weak Posted: 08 Aug 2011 10:36 AM PDT CEC Entertainment Inc. (NYSE:CEC) has recently reported second quarter 2011 earnings of 34 cents per share, which surpassed the Zacks Consensus Estimate by 2 cents. Reported earnings were also ahead of the prior-year earnings of 22 cents. The substantial growth in earnings was backed by the company's share repurchase activity. Total revenue increased 2.9% year over year to $186.2 million, primarily on an uptick in comparable store sales (up 0.3%) as well as nine more new stores from the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Stay In Defensive Stocks” Posted: 08 Aug 2011 10:30 AM PDT 08/08/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on today’s plunge in US stocks following the S&P downgrade of U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monday Higher Education Links Posted: 08 Aug 2011 10:21 AM PDT 1. Last week, Arnold Kling proposed an independent college grading service he calls “A Means A”:   “A Means A solves the problem of credibility and comparability of grades in courses taught at different institutions of higher education. The innovation is to separate the grading process from other aspects of higher education. For any college-level course, A Means A will devise an appropriate exam and use independent professionals to grade the exam, according to transparent, standard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Seeking Safe-haven Assets Following S&P Downgrade Posted: 08 Aug 2011 10:00 AM PDT 08/08/11 Following the S&P’s downgrade to the US credit rating, investors in the forex markets continue to seek out safer-haven/low-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Seeking Safe-haven Assets Following S&P Downgrade Posted: 08 Aug 2011 05:00 AM PDT 08/08/11 Following the S&P’s downgrade to the US credit rating, investors in the forex markets continue to seek out safer-haven/low-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 5.02% Posted: 08 Aug 2011 10:00 AM PDT Forexpros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 5.02%, London&rsquo;s FTSE 100 shed 3.39%, France&rsquo;s CAC 40 declined 4.68% and the EURO STOXX 50 was down 3.72%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 2.85%; the S&P 500 index shed 3.72%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What’s Next? Posted: 08 Aug 2011 12:02 AM PDT Despite the G7 statement over the weekend hinting at coordinated intervention: We are committed to taking coordinated action where needed, to ensuring liquidity, and to supporting financial market functioning, financial stability and economic growth. …the markets are behaving badly as I write this. Asian markets are deeply in the red and ES futures are down over 2%. There is no doubt that markets are deeply oversold, but oversold markets can get more oversold. Here are some signposts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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