DailyMarkets.com - Earnings Preview: Toll Brothers

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• Earnings Preview: Toll Brothers
• Benihana Sales Up On Higher Traffic
• Oil Retreat A Key Positive
• Celgene To Reward Stockholders
• Darden Spreads Wings In Mexico
• Crude Oil Futures Extend Gains, Brent Remains Lower
• Commodity Currencies Advance As Markets Price In QE3
• July Chicago Fed National Activity Index Improves
• New Credit Facility For Microchip
• Stock Market News Briefs: Autodesk, American Equity Investment Life Holding Company, AnnTaylor Stores, Bank Of America, BB&T, Citigroup, Clearwire, Hewlett-Packard Company, Intuit, Jefferies Group, LDK Solar Co. Ltd., Sprint Nextel Corporation
• Express Scripts Stands At Neutral
• Forex – USD/CAD Slumps On Speculation Of Further Fed Stimulus
• Swiss Franc: The Downside Prevails
• Australian Dollar: Technical Rebound In A Bearish Trend
• Stalking USD/CAD Correction At 61.8% Retracement Level
• Canadian Dollar: Technical Rebound In A Bearish Trend
• Japanese Yen: Under Pressure
• Euro: The Downside Prevails
• British Pound: Under Pressure
• Brent Crude At Record Premium To WTI!
• Technical Update On Gold
• ABB’s Painting Robots For BMW
• Libyan Rebels Take Tripoli, A Look At The Impact On Oil Prices
• Forex – EUR/CHF Moves Higher As SNB Intervention Talk Weighs
• Titanium Repurchases Shares
• Leap Wireless Remains Neutral
• BofA Plans To Cut Costs
• U.S. Futures Signal Strong Open; Dow Futures Jump 1.4%
• Weekly Key Support Levels To Watch In Dow Jones And SP500 For Aug 22
• Silver Spotted In A Double Top Attempt Entering The US Trading Session
• Forex – Dollar Broadly Lower Vs. Rivals In Subdued Trade
• EUR/GBP Testing The 0.8750 Resistance Above Which 0.8885 Opens Up
• Overnight News Round-Up: Stocks & Futures, Merkel & Eurobonds, Japan & Intervention, Libya
• Forex – Pound At Daily High Against Broadly Weaker Dollar
• Crude Oil To Bounce Higher, Gold To Decline On Fed Stimulus Hopes
• Forex – Euro Inches Higher Against Dollar In Subdued Trade
• EUR/USD Bulls Continue To Dominate Price Action; Marabuzo Engulfs Bearish Candles
• Forex – USD/CHF Edges Higher On SNB Intervention Talk
• NYFP Presents “This Week In Wall Street History”
• NYFP’s Wall Street Lingo: Short Selling

Earnings Preview: Toll Brothers Posted: 22 Aug 2011 07:35 AM PDT Toll Brothers Inc. (NYSE:TOL) is scheduled to release its third quarter 2011 results before the market opens on August 24, 2011. Horsham, Pennsylvania-based Toll Brothers incurred a net loss of 19 cents per share in the previous quarter, much wider than the Zacks Consensus Estimate of a loss of 5 cents per share. For the upcoming quarter, the Zacks Consensus Estimate for Toll Brothers is pegged at a profit of 3 cents per share, which reflects an annualized decline of 80%. The downside potential of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Benihana Sales Up On Higher Traffic Posted: 22 Aug 2011 07:35 AM PDT Benihana Inc (NASDAQ:BNHN), the largest operator of Japanese restaurants in the U.S, posted restaurant sales of $26.7 million in the four-week period ending August 14, 2011 up 5.7% from $25.2 million delivered in the year-ago period.  The upside in sales was primarily driven by improved comparable restaurant sales across all three restaurant concepts due to higher traffic. The company's comparable restaurant sales grew 6.1% in the first four-week period of the second quarter of 2012, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Retreat A Key Positive Posted: 22 Aug 2011 07:35 AM PDT With nothing much on the economic docket for today, stocks will likely get a lift from the emerging Libyan picture. The resumption of Libya’s long-stalled oil supplies in the wake of the imminent collapse of the Qadhafi regime will be a major boost for the global economy. Investors will also be closely watching the Fed this week for any clues of further quantitative easing as the annual Jackson Hole meeting gets underway. It was in the Jackson Hole speech last year that Bernanke had announced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celgene To Reward Stockholders Posted: 22 Aug 2011 07:05 AM PDT Recently Celgene Corporation (NASDAQ:CELG) announced that its board has cleared a program to buy back up to an additional $2 billion of its common stock, thus returning cash to shareholders. The repurchase program, effective immediately, is open-ended. Management at Celgene stated that the expansion of the buyback program highlights the biotechnology company's commitment to create value for shareholders. The company stated that it has bought back approximately 32 million shares since 2009. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Darden Spreads Wings In Mexico Posted: 22 Aug 2011 07:05 AM PDT Florida-based Darden Restaurants Inc. (NYSE:DRI) recently announced that it has inked a development agreement with a Mexican casual dining company, CMR, to enter the Mexican market. CMR will develop and operate all three Darden brands –– Red Lobster, Olive Garden and LongHorn Steakhouse –– in Mexico. The terms of the deal were not disclosed. Per the deal, CMR will set up 37 restaurants in Mexico over the next ten years. This deal affirms management's intent to make Mexico one of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Extend Gains, Brent Remains Lower Posted: 22 Aug 2011 07:04 AM PDT Forexpros – Crude oil futures extended gains on Monday, hitting a two-day high as a broadly weaker U.S. dollar boosted the appeal of commodities, while Brent futures held on to losses as developments in Libya boosted speculation oil production in the country would resume in the near-term.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD84.14 a barrel during U.S. morning trade, jumping 1.69%.&nbsp;&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Commodity Currencies Advance As Markets Price In QE3 Posted: 22 Aug 2011 06:47 AM PDT Fundamental Headlines • Gold Advances to Record as Platinum Climbs – Bloomberg • Housing's Drag on Economy May Worsen – Bloomberg • Italy's Debt May Swell as Austerity Chokes Growth – Bloomberg • Bernanke to Aid Recovery with Gradual Boost in Dosage – Reuters • Rebels Seize Most of Tripoli – WSJ European Session Summary The commodity currencies were the strongest performing majors against the U.S. Dollar in the Asian and European sessions as market participants have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

July Chicago Fed National Activity Index Improves Posted: 22 Aug 2011 06:42 AM PDT CHICAGO FED — “Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to –0.06 in July from –0.38 in June (see chart above). Three of the four broad categories of indicators that make up the index improved in July; only the sales, orders, and inventories category deteriorated from June. The index's three-month moving average, CFNAI-MA3, increased to –0.29 in July from –0.54 in June. July's CFNAI-MA3 suggests that growth in national … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Credit Facility For Microchip Posted: 22 Aug 2011 06:35 AM PDT Microchip Technology Incorporated (NASDAQ:MCHP) recently announced that it entered into a new $750 million unsecured credit agreement with a group of lenders. Management expects to use the loans under this facility for general corporate purposes. The five-year agreement also has an option to increase the amount available to $1 billion. Management stated that facility will provide the company with additional flexibility to pursue its business objectives. Earlier, Microchip reported net revenues of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Autodesk, American Equity Investment Life Holding Company, AnnTaylor Stores, Bank Of America, BB&T, Citigroup, Clearwire, Hewlett-Packard Company, Intuit, Jefferies Group, LDK Solar Co. Ltd., Sprint Nextel Corporation Posted: 22 Aug 2011 06:35 AM PDT     Sprint Nextel Corp. (NYSE:S) was rumored to be in talks with cable companies and may possibly acquire Clearwire Corporation (NASDAQ:CLWR)     AnnTaylor Stores Corp. (NYSE:ANN) posted second quarter earnings per share of $0.47, which surpassed the Zacks Consensus Estimate of $0.45 per share     Autodesk, Inc. (NASDAQ:ADSK) reported second quarter 2012 earnings of $0.36 per share, beating the Zacks Consensus Estimate by $0.02     Bank of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Express Scripts Stands At Neutral Posted: 22 Aug 2011 06:35 AM PDT We continue to have a Neutral stance on Express Scripts, Inc. (NASDAQ:ESRX) with a target price of $48.00. Last month Express Scripts reported its second quarter 2011 results. Earnings for the quarter came in at 71 cents per share (excluding special items), in line with the Zacks Consensus Estimate but well above the year-ago adjusted earnings of 60 cents per share. The jump in earnings was attributable to reduced selling, general and administrative expenses and a lower share count as compared to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Slumps On Speculation Of Further Fed Stimulus Posted: 22 Aug 2011 06:30 AM PDT Forexpros – The broadly weaker U.S. dollar was down against its Canadian counterpart on Monday, trading close to a two-day low as speculation that the U.S. economy may require further stimulus by the Federal Reserve weighed on the greenback.<br /><br />USD/CAD hit 0.9828 during U.S. morning trade, the daily low; the pair subsequently consolidated at 0.9844, slumping 0.54%.<br /><br />The pair was likely to find support at 0.9774, the low of August 17 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails Posted: 22 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

Australian Dollar: Technical Rebound In A Bearish Trend Posted: 22 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

Stalking USD/CAD Correction At 61.8% Retracement Level Posted: 22 Aug 2011 06:18 AM PDT Previous: USD/CAD Breaks Triangle to the Upside; Eyeing Parity and Beyond (8/18) USD/CAD The USD/CAD failed to even test parity last week before the market started trading sideways again below the 1.0 level. We start this week's trading falling back down to the 61.8% retracement level near 0.9840, testing it for a second time. The 1H chart sees the USD/CAD in a second swing down, which can be the C in an ABC correction. If the market closes below the 61.8% retracement level, we are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Technical Rebound In A Bearish Trend Posted: 22 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

Japanese Yen: Under Pressure Posted: 22 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: 22 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: 22 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

Brent Crude At Record Premium To WTI! Posted: 22 Aug 2011 06:18 AM PDT Monday, August 22, 2011 So far this year, trying to pick a top in the Brent/WTI spread has proved difficult, as the trend has moved much farther than many traders believed possible. There are some fundamentals starting to move into the market that may finally cause a much needed correction in this spread, the first of which is the drawdown in inventories from Cushing, which are now about 8 million barrels below levels seen earlier this year. Also, should rebel forces actually succeed in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Technical Update On Gold Posted: 22 Aug 2011 06:10 AM PDT Gold has managed to record new all-time highs almost day after day as investors seek refuge on this precious metal amidst the ongoing global financial turmoil. Now having recently marked a high of $1,894.79 per ounce, will it continue to rise or will it at least consolidate or even correct in the mean time? From a technical point of view, it appears that gold could be bound for a little consolidation or even some correction in the coming days. This is so because its recent ascent seems to be a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABB’s Painting Robots For BMW Posted: 22 Aug 2011 06:04 AM PDT ABB Ltd. (NYSE:ABB) received an order, to provide painting robots, from the BMW Group for the execution of their new painting process. The robots will be delivered over a span of next few years and will provide complete functional painting systems. ABB was selected in 2008 by BMW as its partner for industrial robots. ABB’s latest generation of IRB 5500-type painting robots will be deployed in most of the equipment. These robots have exceptional performance capabilities and a space-saving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Libyan Rebels Take Tripoli, A Look At The Impact On Oil Prices Posted: 22 Aug 2011 06:01 AM PDT What will be the impact on financial markets of the revolution in Libya successfully overthrowing the country's dictator of 40 years? Prior to the war, Libya pumped out about 1.6 million barrels per day, but that has been reduced to about 100,000 during the conflict. Here's a look at the top 20 oil producers in the world, with Libya coming in at #17: Most of that Libyan oil (85%) headed to Europe: Back in February when the rebellion in Libya started, we saw a sharp climb in oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Moves Higher As SNB Intervention Talk Weighs Posted: 22 Aug 2011 06:00 AM PDT Forexpros – The euro was higher against the Swiss franc on Monday, supported by ongoing concerns that the Swiss National Bank could announce fresh measures to rein in the currency&rsquo;s strength.<br /><br />EUR/CHF hit 1.1373 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.1353, gaining 0.44%.<br /><br />The pair was likely to find support at 1.1148, the low of August 15 and resistance at 1.1554, the high of August 15 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Titanium Repurchases Shares Posted: 22 Aug 2011 05:40 AM PDT Titanium Metals Corporation (NYSE:TIE) announced the purchase of 600,000 shares of its common stock. The shares were purchased at a price of $13.8305 per share exclusive of commissions. Few days back, the company also repurchased 600,000 shares of its common stock at an average price of $13.6492 per share (exclusive of commissions). Recently, the company released its financial results for the second quarter of 2011. Titanium reported net earnings of $31.5 million or 18 cents per share in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Leap Wireless Remains Neutral Posted: 22 Aug 2011 05:35 AM PDT Leap Wireless International Inc. (NASDAQ:LEAP) reported disappointing financial results for the second quarter of 2011. The company is trying hard to restructure its business models through which it is giving maximum emphasis on high ARPU generating smartphone customers shedding less profitable wireless broadband subscribers as these users generally place huge load on its network. In the previous quarter, Leap gained some new smartphone customers but has lost quite a large number of wireless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Plans To Cut Costs Posted: 22 Aug 2011 05:35 AM PDT According to Bloomberg, Bank of America Corp. (NYSE:BAC) is moving ahead with the cost cutting plan. The bank is expected to cut its consumer banking costs by 20%. The cost containment measures would include significant layoffs. Last year, the consumer banking businesses incurred approximately $30 billion in expenses. Earlier in March, BofA has announced job cuts of approximately 100 employees in its consumer and small business banking unit. The layoffs formed a part of BofA’s ongoing efforts to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Signal Strong Open; Dow Futures Jump 1.4% Posted: 22 Aug 2011 05:35 AM PDT Forexpros – U.S. stock futures pointed to a broadly higher open on Monday, rebounding from Friday&rsquo;s selloff as markets looked ahead to a much-anticipated speech by Federal Reserve Chairman Ben Bernanke on Friday for any hints regarding further stimulus measures.<br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to a strong gain of 1.4%, the S&amp;P 500 futures climbed 1.6%, while the Nasdaq 100 futures jumped 1.75%.&nbsp; <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weekly Key Support Levels To Watch In Dow Jones And SP500 For Aug 22 Posted: 22 Aug 2011 05:33 AM PDT On the weekly chart picture, a clear floor of support exists where we start the week of August 22nd. Let's take a quick weekly look at the Dow Jones and S&P 500 as we start the week with respect to this higher timeframe confluence/key support area. There are three specific chart-points to watch on the Dow Jones weekly chart picture: The 38.2% "Bull Market" Fibonacci Retracement at 10,414 The 2011 Index Low of 10,605 The 200 week Simple Moving Average at 10,729 For simplicity, you … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Spotted In A Double Top Attempt Entering The US Trading Session Posted: 22 Aug 2011 05:18 AM PDT Prev: Upside Targets for Gold and Silver (8/19) Silver (XAG/USD) A Double Top can be a signal for some corrective bearish action. A double top is not simply 2 attempts that fail to break above a resistance (in this case silver found resistance near 43.95, but also a break below the base (in this case 43.20). The 1H chart shows silver successfully forming a double top and is in the process of a bearish correction. Price action is relatively strong to the downside when compared with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals In Subdued Trade Posted: 22 Aug 2011 05:16 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts in subdued trade on Monday, amid concerns that the U.S. economy may require further stimulus by the Federal Reserve.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.16% to hit 1.4417.<br />&nbsp;<br />The single currency remained under pressure after German Chancellor Angela Merkel reiterated her opposition to calls for the euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Testing The 0.8750 Resistance Above Which 0.8885 Opens Up Posted: 22 Aug 2011 04:56 AM PDT Prev: EUR/GBP On Top of Pivotal Support Zone (8/19) EUR/GBP The EUR/GBP completed a zig zag (ABC) correction as it tested the top of a support zone, noted in Friday's update. Note also that the decline has failed to push the RSI below 30, a reflection of weak bears. If the RSI pushes back above 60, the attempted bearish momentum is killed. Now as we get ready for the first US session this week, the market is showing strong bullish price action but is still held under the 0.8750 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Overnight News Round-Up: Stocks & Futures, Merkel & Eurobonds, Japan & Intervention, Libya Posted: 22 Aug 2011 04:53 AM PDT After markets were disappointed with Merkel and Sarkozy following their latest press conference – in which they both rejected the idea of eurobonds and expanding the ESFS – Merkel has doubled down on the "no eurobonds" message. From Marketwatch: "German Chancellor Angela Merkel on Sunday ruled out euro-zone bonds as a solution to the region's ongoing debt crisis, telling Germany's ZDF television that politicians "can and won't simply run after the markets." Investors have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Pound At Daily High Against Broadly Weaker Dollar Posted: 22 Aug 2011 04:45 AM PDT Forexpros – The pound advanced to a daily high against the U.S. dollar on Monday, as concerns over possible intervention by Japanese authorities or the Swiss National Bank supported demand for sterling as a relatively safe haven.<br /><br />GBP/USD hit 1.6518 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.6515, gaining 0.30%.<br /><br />Cable was likely to find support at 1.6347, the low of August 17 and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Bounce Higher, Gold To Decline On Fed Stimulus Hopes Posted: 22 Aug 2011 04:42 AM PDT Talking Points Crude Oil Set for a Rebound as Fed Stimulus Speculation Heats Up Gold Losing Steam Below $1900 Figure as Safe-Haven Flows Ebb WTI Crude Oil (NY Close): $82.26 // -0.12 // -0.15% The absence of significant economic data has allowed markets to dwell on the prospect for additional stimulus as traders await Friday's speech from Federal Reserve Chairman Ben Bernanke at the central bankers' summit in Jackson Hole, Wyoming. Last year, the central bank chief's speech at Jackson … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Inches Higher Against Dollar In Subdued Trade Posted: 22 Aug 2011 04:24 AM PDT Forexpros – The euro inched higher against the U.S. dollar in subdued trade on Monday, tracking European shares higher, while the dollar remained under pressure amid concerns that the U.S. economy may require more support from the Federal Reserve.<br /><br />EUR/USD hit 1.4434 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.4425, gaining 0.23%.<br /><br />The pair was likely to find support at 1.4258, Friday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Bulls Continue To Dominate Price Action; Marabuzo Engulfs Bearish Candles Posted: 22 Aug 2011 03:55 AM PDT Prev: EUR/USD  Holds Above 1.4250 and is in a Counter-Trend Breakout (8/19) EUR/USD A Marabuzo candle is one without a tail. For example a bullish marabuzo is one where the open is equal to the low, and the close is equal to the high. This type of candle stick suggests bulls were dominant in that candlestick period. If the candle is also very strong relative to recent candles, it suggests either a very bullish intent. The EUR/USD started the week in a bearish correction mode as it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Edges Higher On SNB Intervention Talk Posted: 22 Aug 2011 03:52 AM PDT Forexpros – The U.S. dollar edged higher against the Swiss franc on Monday, amid growing speculation that the Swiss National Bank may conduct a fresh intervention to rein in the Swissie&rsquo;s gains.<br /><br />USD/CHF hit 0.7906 during European late morning trade, the daily high; the pair subsequently consolidated at 0.7859, rising 0.09%.<br /><br />The pair was likely to find support at 0.7768, the low of August 16 and resistance at 0.7988, the high of August … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYFP Presents “This Week In Wall Street History” Posted: 22 Aug 2011 03:00 AM PDT 08/22/11 In this installment of NYFP presents “This Week in Wall Street History”, while on the trading floor, Todd Schoenberger of LandColt Trading found it to be the perfect time to briefly discuss the history of the New York Stock … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYFP’s Wall Street Lingo: Short Selling Posted: 22 Aug 2011 12:00 AM PDT 08/22/11 DME Securities’ Alan Valdes discusses the recent hot topic of “short selling” and the pivotal role it plays in the global equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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