DailyMarkets.com - Forex – EUR/USD Eases In Early Asian Trade

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• Forex – EUR/USD Eases In Early Asian Trade
• Forex – Dollar Mixed Following Debt Deal Resolution
• Forex – EUR/USD Down During The Asian Session
• America Movil To Own Telmex
• July Vehicle Sales Mixed For Major Automakers
• CINF Downgraded To Underperform
• Weather Damages Pinnacle’s Earnings
• Forex – NZD/USD Down In Asian Trade
• The Day Ahead: ADP Employment Report, Challenger Job-cut Report, ISM Services Index, US Factory Orders, EIA Oil Inventories; Earnings – Comcast, Mastercard
• Hot Option Plays: UGLY
• MetroPCS Misses Top & Bottom Line
• American Tower Outperforms
• HSBC To Trim Workforce
• Principal Financial Beats By A Penny
• Becton Beats, Boosts Guidance
• Stocks To Watch For Wednesday
• Analyst Interviews: Coal Industry Stock Review
• Samsung Selects Atmel MaXTouch
• Haemonetics Misses Estimates
• Windstream To Buy PAETEC
• Closing Bell Market Monitor: ADM, EMR
• Fear Grips The Market On Global Growth, European Concerns
• Toyota Plummets, Forecast Bleak
• Volcano Beats, Revenues In Line
• Apple Fixes ICloud Price Tag
• New Methanex Plants Ramp Up
• Higher Revenues Buoy Bayer
• Warnaco Beats, Guides Higher
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• The Hostage Crisis Continues: Why Obama Can’t Pivot To Jobs And Growth
• Increased Uncertainties At Tessera
• CA To Acquire Watchmouse B.V.
• PartnerRe Stumbles YoY On CAT Loss
• HCP Beats By A Cent
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 2.19%
• Earnings Preview: MEMC Electronic
• American Axle Misses Estimates
• Molson Coors Misses Estimates
• Entergy EPS In Line, Misses Revs
• Expeditors Underperforms
• Forex – GBP/USD Up During The U.S. Session
• Fitch Lifts Invesco Debt Rating
• NiSource EPS Beats, Revenues Short
• Duke Energy Beats, Affirms View
• Forex – USD/CHF Down In U.S. Trading Hours
• Charting The Breakdown In 10 Year Treasury Yield And Stocks
• Hot Option Plays: Aw Snap, Is Market Gonna Crackle Or Pop?
• Hiring For Professional/Business Workers Is Strong
• Forex – USD/CAD Up In U.S. Trade
• Rowan Beats EPS, Misses Revs
• Reiterating DENTSPLY At Neutral
• Cerner Beats, Hikes Guidance
• Fibonacci Expansion Targets For The Fearless USD/CHF Bears
• Forex – EUR/USD Down In U.S. Trading Hours
• Rare Earths: Separating Fact From Fiction
• Geron Loss In-Line With Estimates
• Emerson Reports In Line, Affirms Guidance
• FirstEnergy Beats Revs, Misses EPS
• Cognizant Beats By A Penny
• Vornado Surpasses Estimates
• Parker Hannifin: Record Earnings
• New-Look Marathon Misses, Profit Up
• Boston Properties Beats Estimates
• Forex – AUD/USD Down In U.S. Trade
• Tenet Healthcare Soars
• Comstock Beats, Loss Narrows
• SM Energy Beats On Volume Growth
• Bank Of Uganda Raises Interest Rate 100bps To 14.00%
• Forex – NZD/USD Down During The U.S. Session
• Theravance Misses Overall
• Varian Beats On Top-line Growth
• Personal Income Up 0.1%, Quality Very Poor
• Investors Remain Risk Averse In The Forex Markets
• “Fear…still Left Out There”
• European Markets Close Lower; Dax Down 2.26%
• Options On MetroPCS Pop Post Earnings

Forex – EUR/USD Eases In Early Asian Trade Posted: 02 Aug 2011 05:04 PM PDT Forexpros – The euro extended losses against the U.S. dollar Tuesday, as dealers relieved that the U.S. reached a deal to raise the nation&rsquo;s debt ceiling, turned their attention to Europe and local prospects of debt sovereignty issues in the euro-zone.<br /><br />EUR/USD hit 1.4204 during early Asian trade, the pair&rsquo;s highest since July 20; the pair subsequently consolidated at 1.4173, falling 0.23%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Following Debt Deal Resolution Posted: 02 Aug 2011 04:51 PM PDT Forexpros – The U.S. dollar was mixed against its major counterparts Tuesday, as markets welcomed the passage of a final resolution to raise the country&rsquo;s debt ceiling, but remained pessimistic on prospects for economic growth in the world&rsquo;s largest economy.<br /><br />In early Asian trade, the greenback was down against the euro, with EUR/USD easing 0.09% to hit 1.4191.<br /><br />Earlier Tuesday, the U.S. Senate, by a 74 to 26 vote, approved a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 02 Aug 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4172, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8707 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

America Movil To Own Telmex Posted: 02 Aug 2011 04:00 PM PDT The Mexican telecom giant, America Movil (NYSE:AMX) plans to acquire the entire ownership of its fixed-line operation Telefonos de Mexico SAB (NYSE:TMX) or Telmex in Mexico. Currently, America Movil is the biggest shareholder of Telmex owning 59.4% stake. The company is now looking forward to buying the remaining interest.  Concurrent with the acquisition plan, America Movil launched a bid offer of $6.5 billion, which equates to MXN$10.50 (approximately 90 cents) per share of Telmex. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

July Vehicle Sales Mixed For Major Automakers Posted: 02 Aug 2011 03:57 PM PDT 08/02/11 The Detroit Three automakers posted strong gains in the latest month, but Toyota and Honda continued to be hurt by parts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CINF Downgraded To Underperform Posted: 02 Aug 2011 03:35 PM PDT We are downgrading our recommendation on the shares of Cincinnati Financial Corp. (NASDAQ:CINF) to Underperform from Neutral following the wider-than-expected operating loss reported by the company in second quarter 2011 owing to huge catastrophe losses. Moreover, the Commercial Lines segment will likely remain somewhat weak due to the sluggish economy, although the decline in business is moderating gradually. The top-line growth at Cincinnati Financial has been slow for the past five years, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Weather Damages Pinnacle’s Earnings Posted: 02 Aug 2011 03:35 PM PDT Pinnacle West Capital Corp. (NYSE:PNW) today released it earnings results for the second quarter of 2011. The company's adjusted earnings for the quarter were 78 cents per share, missing the Zacks Consensus Estimate of 88 cents by 10 cents. The company's results also slumped on a year-on-year basis, compared with the EPS of 82 cents reported in the year-ago period. The primary factor causing the damage during the quarter was an extremely mild weather, which affected retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 02 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8636, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 0.8623, Friday&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.31% to hit 1.2479 and EUR/NZD rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: ADP Employment Report, Challenger Job-cut Report, ISM Services Index, US Factory Orders, EIA Oil Inventories; Earnings – Comcast, Mastercard Posted: 02 Aug 2011 10:20 AM PDT 08/02/11 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: UGLY Posted: 02 Aug 2011 03:17 PM PDT Cusick’s Corner Ugly, that is what the market looks like at this stage with all the major indices at their worst levels this year. While this is ugly (and could get uglier), I have a hard time jumping on a ship that has sailed on the downside so long, 8 sessions in the NAZ and S&Ps. I traded counter intuitively today — selling some volatility, selling put and call credit spreads, looking for vol to normalize into the week’s end. I also have added some currency exposure, looking for some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MetroPCS Misses Top & Bottom Line Posted: 02 Aug 2011 03:15 PM PDT MetroPCS Communications Inc. (NYSE:PCS), the sixth-largest prepaid wireless service operator in the U.S. has reported lower-than-expected second quarter 2011 results. Adjusted earnings per share of 24 cents, missed the Zacks Consensus Estimate of 27 cents but grew 13% from 22 cents in the year-ago quarter buoyed by strong sales of Smartphones based on Google's (NASDAQ:GOOG) Android platform. Total revenue climbed 19% year over year to $1,209 million in the second quarter, but failed to match our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Tower Outperforms Posted: 02 Aug 2011 03:15 PM PDT American Tower Corp. (NYSE:AMT) today announced its second-quarter 2011 financial results. The company's top line witnessed significant upside primarily attributed to the rise in demand for broadband data services coupled with the company's global expansion strategy. Management also raised its fiscal 2011 financial outlook. Quarterly total revenue was $597.2 million, up 27.1% year over year, surpassing the Zacks Consensus Estimate of $580 million. On a GAAP basis, net income in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HSBC To Trim Workforce Posted: 02 Aug 2011 03:05 PM PDT HSBC Holdings PLC (NYSE:HBC) is restructuring its business and trimming its workforce. The 30,000 layoffs in the next two years are part of the company's effort to reduce costs. The restructuring measures had commenced early this year in Latin America, the U.S., UK, France and the Middle East. These will result in a headcount reduction by 5,000. Now, the company is aiming for 25,000 more job cuts by 2013. The decision to reduce workforce in these countries comes after the company experienced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Principal Financial Beats By A Penny Posted: 02 Aug 2011 03:05 PM PDT Principal Financial Group (NYSE:PFG) reported second-quarter operating earnings of 73 cents per share, exceeding the Zacks Consensus Estimate by a penny. Results comfortably surpassed 59 cents earned in the prior-year quarter. Operating earnings were $237.3 million, up 25% from $190.4 million in the corresponding quarter last year. Principal Financial delivered a strong quarter on the heels of double-digit earnings growth from Retirement and Investor Services and Principal Global Investors, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Becton Beats, Boosts Guidance Posted: 02 Aug 2011 03:05 PM PDT Becton, Dickinson and Company (NYSE:BDX) reported third-quarter fiscal 2011 earnings per share of $1.51, beating the Zacks Consensus Estimate of $1.43 while sailing past the year-ago earnings of $1.23 per share. Net income (from continued operations) rose 14.9% year over year to $338.1 million on account of higher revenues from all segments. Revenues Becton Dickinson posted sales of $2,014 million, up 10% (or 4.8% in constant currency) year over year, greater than the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stocks To Watch For Wednesday Posted: 02 Aug 2011 02:56 PM PDT  ( click to enlarge ) Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) closed below its support level 33.54. It may trade lower in coming days.    ( click to enlarge ) Pharmacyclics, Inc. (NASDAQ:PCYC) closed below its 20-day moving average in the last trading session and its near-term stance is now bearish. The daily RSI dropped below the 60 level and the MACD continues to remain above the zero level. Resistance levels are 12.07 / 12.81 and support levels are 11.54 / 10.76.  ( … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: Coal Industry Stock Review Posted: 02 Aug 2011 02:36 PM PDT The rebound phase for the coal industry from the 2008-2009 turmoil continued in 2011. The global economic outlook started improving following the turmoil of late 2008. The U.S. economy came out of the recession in the summer of 2009 and has been in a recovery mode since then, though the pace of improvement appears to have weakened lately. Like the other commodity sectors, the fortunes of the coal industry are closely tied to the health of the global economy. The post-recession demand recovery … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Samsung Selects Atmel MaXTouch Posted: 02 Aug 2011 02:36 PM PDT Atmel maXTouch mXT224E, a controller of Atmel Corporation (NASDAQ:ATML) has been selected by Samsung for its next-generation Galaxy S II touchscreen. The Samsung Galaxy S II smartphone runs on the Android OS version 2.3 and also features a 4.3-inch super AMOLED with a capacitive touchscreen. The new Atmel maXTouch 224E controller will support the users of Samsung Galaxy S II by enabling unlimited touches, faster response times, higher accuracy, lower power and superior sensitivity. Moreover, this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Haemonetics Misses Estimates Posted: 02 Aug 2011 02:36 PM PDT Haemonetics Corporation (NYSE:HAE) reported an adjusted EPS of 65 cents in the first quarter of fiscal 2012, way below the Zacks Consensus Estimate of 78 cents and the year-ago quarter's adjusted EPS of 74 cents. The company was impacted by the OrthoPAT devices recall during the quarter. In addition, costs were incurred in an effort to substitute plasma HS core product (to collect plasma for transfusion) in certain European countries. These challenges will continue to impact over the remainder … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Windstream To Buy PAETEC Posted: 02 Aug 2011 02:36 PM PDT Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, has announced plans to acquire PAETEC Holding Corp. (NASDAQ:PAET) for approximately $2.3 billion. The buyout of the personalized U.S. broadband services provider is in sync with the company's broadband business expansion plan to improve its top line and streamline its cost structure. Windstream is concentrating on data and business-solutions through several acquisitions that will spur its growth going forward. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: ADM, EMR Posted: 02 Aug 2011 02:30 PM PDT 08/02/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the ringing of the NYSE closing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fear Grips The Market On Global Growth, European Concerns Posted: 02 Aug 2011 02:16 PM PDT Even as the Senate passed the debt ceiling / deficit reduction bill and President Obama signed it into law, we saw no let up in the market's risk aversion as new and old fears took root in financial markets. The market is moving to the next downside risk concern and that is a slower global recovery. That fear was heightened as manufacturing data was weaker in the US, China and UK. The reaction by market participants was a flight to safety in the form of US Treasuries, gold, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Plummets, Forecast Bleak Posted: 02 Aug 2011 02:05 PM PDT Toyota Motor Corp. (NYSE:TM) revealed a profit of ¥1.16 billion ($14.21 million) or 37 yen cents per share for the first quarter of its fiscal year ended March 31, 2012, which is plummeted from ¥190.47 billion ($2.33 billion) or ¥60.74 per share a year ago. The sharp fall in profit was attributable to substantial decline in vehicle sales all over the world, especially North America and Europe due to disruptions in supply of parts caused by the earthquake and tsunami in Japan on March 11. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volcano Beats, Revenues In Line Posted: 02 Aug 2011 02:05 PM PDT Volcano Corporation (NASDAQ:VOLC) reported an EPS of 9 cents in the second quarter of fiscal 2011, way above the Zacks Consensus Estimate of 3 cents but a penny lower than the previous fiscal. Revenues increased 14.3% year over year to reach $84 million during the quarter and were in line with the Zacks Consensus Estimate. While revenues from Consoles declined 9% to $9.8 million, strong growth has been witnessed in Intravascular Ultrasound (IVUS), up 22% to $50 million and Functional Measurement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Fixes ICloud Price Tag Posted: 02 Aug 2011 02:05 PM PDT Apple Inc. (NASDAQ:AAPL) unveiled pricing details of its iCloud services on the company website. The offering is expected to strengthen Apple's position in the online services segment. This iCloud service is an online offering to store digital files like photos, music and videos. Music for Apple has been one of the strongest domains, and Apple would like to offer iCloud services to its customers, enabling them to create, store and listen to their music collection online by streaming onto any web … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Methanex Plants Ramp Up Posted: 02 Aug 2011 02:05 PM PDT Methanex Corporation (NASDAQ:MEOH), the world's largest supplier of methanol, earned $40.5 million or 43 cents per share in the second quarter of 2011 versus last year's net income of $14.8 million or 15 cents per share. Earnings missed the Zacks Consensus Estimate of 44 cents per share. Revenues Quarterly revenues of $622.8 million outshone the Zacks Consensus Estimate of $592 million and exceeded year-ago revenues of $448.5 million. Total methanol sales volumes excluding commission sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Higher Revenues Buoy Bayer Posted: 02 Aug 2011 02:05 PM PDT Bayer's (BAYRY) earnings per share during the second quarter of 2011 came in at €1.29 (approx. $1.86) compared to €1.16 (approx. $1.67) in the year-ago period. Higher revenues boosted earnings. The emerging markets performed well during the quarter. The company recorded a 0.8% growth in revenues, amounting to €9,252 million. Growth was approximately 5.4% on an adjusted basis. Growth was witnessed across the Material Science and Crop Science divisions at Bayer, driven primarily by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warnaco Beats, Guides Higher Posted: 02 Aug 2011 02:05 PM PDT Warnaco Group Inc. (NYSE:WRC) registered decent second quarter 2011 earnings of 82 cents per share that shot up by 15.49% from 71 cents posted in the year-ago period. Earnings also exceeded the Zacks Consensus Estimate of 74 cents by 10.81%. The upswing came on the back of success in Calvin Klein business, and expansion into emerging markets globally coupled with enhanced direct-to-consumer business. However, the top-line results were partially offset by unfavorable results in U.S. and European … [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: 02 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> EUR/USD was trading at 1.4202, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month … [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: 02 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> USD/JPY was trading at 77.14, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Monday&rsquo;s low, and resistance at 78.04, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Hostage Crisis Continues: Why Obama Can’t Pivot To Jobs And Growth Posted: 02 Aug 2011 01:38 PM PDT With the hostage crisis behind him, the President is now ready to talk about the nation's real problem. Nine paragraphs into his remarks today announcing the nation has paid most of the ransom the radical right demanded as a condition for maintaining the full faith and credit of the United States (he didn't use these exact words), the President pivoted to the agenda he should have been talking about all along: "And in the coming months I'll continue also to fight for what the American … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Increased Uncertainties At Tessera Posted: 02 Aug 2011 01:32 PM PDT Tessera Technologies (NASDAQ:TSRA) reported second quarter earnings that beat the Zacks Consensus estimate by 6 cents, or 26.1%, despite the fact that revenue came in well below the guided range. This also prompted management to defer the announcement of guidance to the second month of each quarter for future quarters.    Revenue Tessera's reported revenue of $70.7 million was up 4.4% sequentially and down 5.2% year over year, missing management's expectations of $75.5-78.5 million (up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA To Acquire Watchmouse B.V. Posted: 02 Aug 2011 01:32 PM PDT Information technology (IT) management software company, CA Inc. (NASDAQ:CA) recently announced that it has entered into a definitive agreement to acquire privately held Watchmouse B.V., an innovator in SaaS-based monitoring for cloud, mobile and traditional Web applications. With this acquisition, the company expects to utilize the solutions provided by WatchMouse by exploiting the globally-distributed infrastructure of more than 60 monitoring stations in more than 40 countries. Utilizing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PartnerRe Stumbles YoY On CAT Loss Posted: 02 Aug 2011 01:32 PM PDT PartnerRe Ltd.'s (NYSE:PRE) second quarter operating earnings per share of 98 cents came in significantly higher than the Zacks Consensus Estimate of 68 cents but lagged behind $1.80 recorded in the year-ago quarter. As a result, operating loss substantially plunged to $67.2 million from $141.8 million in the prior-year quarter. Operating earnings were calculated after payment of preferred dividends. This excluded after-tax net realized and unrealized investment gains of $41.0 million or 60 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HCP Beats By A Cent Posted: 02 Aug 2011 01:32 PM PDT HCP, Inc. (HCP) reported second quarter 2011 FFO (funds from operations) of $317.9 million or 78 cents per share compared with $161.8 million or 55 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding non-recurring items, FFO in the reported quarter was $312.2 million or 77 cents per share compared with $161.8 million … [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: 02 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> EUR/USD was trading at 1.4196, down 0.38% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.19% Posted: 02 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 2.19%, the S&P 500 index shed 2.56%, while the Nasdaq 100 index declined 2.60%.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up from 0.0%.<br/><br/>Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: MEMC Electronic Posted: 02 Aug 2011 01:07 PM PDT MEMC Electronic Materials Inc. (NYSE:WFR) is scheduled to announce its second quarter fiscal 2011 results on August 3, 2011, and we notice some downward movements in analyst estimates. First Quarter Overview MEMC delivered decent first quarter results, beating the Zacks Consensus Estimate on the top line, but missing on the bottom line. The quarter's adjusted earnings came in at 9 cents per share, which fell 3 cents short of our expectations. The quarter's miss could be attributed to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Axle Misses Estimates Posted: 02 Aug 2011 01:07 PM PDT American Axle and Manufacturing Inc. (NYSE:AXL) posted an increase in profit to $49.2 million or 65 cents per share in the second quarter of 2011 from $25.4 million or 34 cents per share in the same quarter of 2010, driven by increased production volumes across its major product programs and continuous improvements in capacity utilization. With this, the auto parts maker has surpassed the Zacks Consensus Estimate by a significant margin of 21 per share. Sales in the quarter grew 23% to $686.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Molson Coors Misses Estimates Posted: 02 Aug 2011 01:07 PM PDT Molson Coors Brewing Co. (NYSE:TAP) reported its adjusted earnings of $1.23 per share in the second-quarter 2011, lagging the Zacks Consensus Estimate of $1.30 per share. The earnings also missed the prior-year quarter earnings of $1.25 per share. The adjusted earnings in the reported quarter excludes a gain of 4 cents from net proportionate share of MillerCoors pretax special items, environmental litigation reserve, and tax effects related to special and other non-core items. Including one-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Entergy EPS In Line, Misses Revs Posted: 02 Aug 2011 01:07 PM PDT Before the bell, Entergy Corporation (NYSE:ETR) reported its second quarter 2011 operating EPS of $1.76, which is in line with the Zacks Consensus Estimate. Earnings however, comfortably beat the year-ago quarterly EPS of $1.71. Operating earnings per share in the reported quarter were higher than the year-ago period by 5 cents. Of these Utility EPS was 21 cents higher due primarily to higher sales volume, higher rates (at Arkansas, Texas and New Orleans), and lower interest expense. Earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Expeditors Underperforms Posted: 02 Aug 2011 01:07 PM PDT Expeditors International of Washington Inc. (NASDAQ:EXPD), a third-party logistics provider, has reported second quarter 2011 adjusted earnings of 44 cents per share, missing the Zacks Consensus Estimate of 46 cents. Earnings per share increased 5% from 42 cents in the year-ago quarter. Total revenue upped 4% year over year to $1.58 billion but was below the Zacks Consensus Estimate of $1.64 billion. On a year-over-year basis, revenues in the United States, Other North America, Latin America, Europe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 02 Aug 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> GBP/USD was trading at 1.6308, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, today&rsquo;s low, and resistance at 1.6476, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Lifts Invesco Debt Rating Posted: 02 Aug 2011 12:35 PM PDT Considering Invesco Ltd.’s (NYSE:IVZ) earnings stability and improving debt situation, Fitch Ratings has raised the company's debt rating by a notch on Monday. The rating agency expects Invesco's strong cash-generation ability to reduce its debt further. Along with improving operating resultson the back of strong long-term investment performance with the gradual economic recovery, the debt rating upgrade is expected to boost investors' confidence in the stock in the near term. Previously, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NiSource EPS Beats, Revenues Short Posted: 02 Aug 2011 12:35 PM PDT Diversified utility NiSource Inc. (NYSE:NI) posted second quarter 2011 net operating earnings of 17 cents per share, surpassing the Zacks Consensus Estimate of 14 cents as well as the year-ago results of 13 cents. Net operating earnings totaled $45.6 million, up 23.2% year over year. GAAP earnings in the reported quarter were 14 cents per share versus 10 cents per share reported in the year-ago quarter. Revenue Total revenue in the quarter under review improved 7.8% year over year to $1.18 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Duke Energy Beats, Affirms View Posted: 02 Aug 2011 12:35 PM PDT Duke Energy Corporation (NYSE:DUK) announced its second-quarter 2011 operating earnings of 33 cents per share, beating the Zacks Consensus Estimate by 3 cents. However, the results were marginally lower than the year-ago earnings of 34 cents per share. GAAP and adjusted EPS were the same for the quarter compared with a GAAP loss per share of 17 cents in the prior-year period. The year-over-year growth in earnings was driven by the strong performance at all the three segments of the company … [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: 02 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> USD/CHF was trading at 0.7652, down 2.34% at time of writing.<br/><br/> The pair was likely to find support at 0.7643, today&rsquo;s low, and resistance at 0.8047, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charting The Breakdown In 10 Year Treasury Yield And Stocks Posted: 02 Aug 2011 12:20 PM PDT Intermarket analysts look to the relationship of the Bond and Stock Markets for clues of future moves in these markets, paying close attention to leading signals when they occur. This week gave us a firm breakdown in the Ten-Year Treasury Note Yield which resulted in a subsequent break-out in Bond/Note prices, such as in TLT and IEF (funds). Let's take a look at these moves and tie it all together with relation to the S&P 500. First, the pure 10-Year Note Yield Chart ($TNX): I'm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Aw Snap, Is Market Gonna Crackle Or Pop? Posted: 02 Aug 2011 12:17 PM PDT Cusick’s Corner The vote is over. The debt crisis, well at least the missed payment, has past until 2013 and the market is now focused on the data that continues to disappoint. The Spending data is flagging a less than active consumer, a potential signal of a slowing employment market, while Senators, Congressmen and the President all are walking out of chambers ready to pat themselves on the back. However, when flashed with a 1.5%-2.0% across the board drop in the financial markets, they … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hiring For Professional/Business Workers Is Strong Posted: 02 Aug 2011 12:13 PM PDT A CD post yesterday highlighted the huge differences between workers with a college degree and those without a high school degree, in terms of employment levels and jobless rates.    Here’s more evidence that might support the idea that college graduates are doing much better in the labor market today compared to workers without a high school degree.  The chart above shows that there has been more hiring activity for the job category “Professional and Business Services” than for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 02 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> USD/CAD was trading at 0.9589, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 0.9459, Thursday&rsquo;s low, and resistance at 0.9619, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rowan Beats EPS, Misses Revs Posted: 02 Aug 2011 12:00 PM PDT Rowan Companies Inc. (NYSE:RDC) recorded adjusted second-quarter 2011 earnings of 38 cents per share, breezing past the Zacks Consensus Estimate of 33 cents but showing a deterioration from the year-earlier profit of 75 cents. Total revenue declined 20.8% year over year to $223.5 million in the reported quarter, and also failed to match up to our expectation of $368 million. Operational Performance The company's drilling operations generated revenues of $223.5 million in the quarter, down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reiterating DENTSPLY At Neutral Posted: 02 Aug 2011 12:00 PM PDT We retain our Neutral recommendation on leading dental products maker DENTSPLY International (NASDAQ:XRAY) following our assessment of its second-quarter fiscal 2011 results. Adjusted earnings of 55 cents a share for the quarter topped the Zacks Consensus Estimate of 51 cents. Profit was boosted by internal growth and foreign exchange tailwind. Revenues (up 7.8%) also beat the Zacks Consensus Estimate driven by organic growth, favorable foreign exchange translation and acquisitions. However, sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cerner Beats, Hikes Guidance Posted: 02 Aug 2011 12:00 PM PDT Leading healthcare information technology ("HCIT") solutions provider Cerner Corp (NASDAQ:CERN) reported second quarter fiscal 2011 earnings per share of 42 cents, beating the Zacks Consensus Estimate of 41 cents, and exceeding the year-ago earnings of 33 cents per share. Net income jumped 29.9% year over year to $72 million due to buoyant bookings. Revenues Sales for the second quarter increased 15% year over year to $524.2 million, and easily beat the Zacks Consensus Estimate of $516 million. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fibonacci Expansion Targets For The Fearless USD/CHF Bears Posted: 02 Aug 2011 11:51 AM PDT Prev: Japanese Yen and Swiss Franc Gain After Opening Slide (8/1) USD/CHF Fibonaci Expansion Targets (ABCD Labels are NOT Elliott Wave counts): - There is no stopping the Swiss Franc in this risk averse environment (same can be said of gold). - It is becoming too apparent that the Swissie is where money flows in flight to safety. At these record lows for USD/CHF, the SNB should be considering defending some levels so that their exports don't become overly uncompetitive in price. - However, … [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: 02 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> EUR/USD was trading at 1.4191, down 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rare Earths: Separating Fact From Fiction Posted: 02 Aug 2011 11:35 AM PDT Many years ago, farmers in Pennsylvania noticed a murky liquid seeping up through the soil. It didn't take long for entrepreneurs to find a use for this oily stuff. It was advertised as a cure for baldness, impotence and sundry medical conditions. Little did the super-salesman of that time realize that they had come across a vital component of the industrial revolution. They called it Snake Oil. Recently, a professor at the University of Tokyo, spinning a story, announced a latter-day version … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Geron Loss In-Line With Estimates Posted: 02 Aug 2011 11:20 AM PDT Geron Corporation (NASDAQ:GERN) posted a net loss of 17 cents per share in the second quarter of 2011, in line with the Zacks Consensus Estimate and narrower than the year-ago loss of 18 cents. Second quarter revenues of $462,000 were below the Zacks Consensus Estimate of $1 million and the year-ago revenues of $1 million. Quarter in Detail Revenues consisted of $150,000 in revenues from collaborative agreements and $312,000 in the form of royalties and license fees. Geron has several license … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emerson Reports In Line, Affirms Guidance Posted: 02 Aug 2011 11:20 AM PDT Emerson Electric Company (NYSE:EMR) released its third quarter 2011 earnings results, reporting earnings per share from continuing operations of 90 cents, in line with the Zacks Consensus Estimate. Earnings for the quarter were up 16.8% year over year. Total revenue was $6.3 billion, up 16% year over year. Excluding a 2% benefit from acquisitions and a positive impact of 4% from currency fluctuations, underlying sales growth was 10%. Sales in the US shot up 6% and international sales grew 13% year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FirstEnergy Beats Revs, Misses EPS Posted: 02 Aug 2011 11:20 AM PDT Diversified energy company FirstEnergy Corp. (NYSE:FE) announced its second-quarter 2011 operating earnings of 65 cents per share, falling short of the Zacks Consensus Estimate of 74 cents per share and year-ago earnings of 82 cents per share. The 17 cent year-over-year decline mainly issued from headwinds like higher maintenance costs of the generation fleet, lower commodity margin from FirstEnergy Solutions due to unplanned outages and higher financing costs. GAAP earnings during the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cognizant Beats By A Penny Posted: 02 Aug 2011 11:20 AM PDT Leading information technology services provider Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported revenues of $1.485 billion in the second quarter of 2011, up 34.4% from $1.105 billion in the second quarter of 201, beating the Zacks Consensus Estimate and management’s expectation of at least $1.45 billion. Net income came in at $208.0 million or $0.67 per diluted share compared to a net income of $172.2 million or $0.56 per diluted share in the year-ago quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vornado Surpasses Estimates Posted: 02 Aug 2011 11:20 AM PDT Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported second quarter 2011 FFO (funds from operations) of $243.4 million or $1.27 per share, versus $204.8 million or $1.11 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. After adjusting items for comparability, FFO during the second quarter of 2011 was $235.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Parker Hannifin: Record Earnings Posted: 02 Aug 2011 11:20 AM PDT Parker Hannifin Corporation (NYSE:PH) released its fourth-quarter fiscal 2011 earnings result before the market opened today, reporting earnings per share of $1.79, slightly below the Zacks Consensus Estimate of $1.80 and above prior-year earnings of $1.35. For full-year fiscal 2011, earnings per share of $6.37, were in line with the Zacks Consensus Estimate. The company achieved record earnings results during the year and also record sales and earnings for the quarter. Total Revenue The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New-Look Marathon Misses, Profit Up Posted: 02 Aug 2011 11:20 AM PDT Oil and natural gas exploration and production firm Marathon Oil Corporation (NYSE:MRO) reported weaker-than-expected second quarter 2011 results, as unplanned disruptions hurt production. Houston, Texas-based Marathon – which recently spun off its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (MPC) – announced earnings from continuing operations (excluding special items) of 96 cents per share, below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boston Properties Beats Estimates Posted: 02 Aug 2011 11:20 AM PDT Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported second quarter 2011 FFO (funds from operations) of $181.6 million or $1.23 per share, compared with $156.9 million or $1.12 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The reported FFO for the quarter surpassed the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 02 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> AUD/USD was trading at 1.0823, down 1.35% at time of writing.<br/><br/> The pair was likely to find support at 1.0797, today&rsquo;s low, and resistance at 1.1076, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tenet Healthcare Soars Posted: 02 Aug 2011 11:06 AM PDT Tenet Healthcare Corp. (NYSE:THC) reported second-quarter income from continuing operations of $66 million or 9 cents per share, at par with the Zacks Consensus Estimate. Nevertheless, it beat the operating income of $65 million or 7 cents per share in the prior-year quarter. Operating income for the reported quarter excludes $10 million or 1 cent per share related to litigation and impairment pre-tax expenses. The improved results were due to growth in adjusted admissions, decline in bad debt and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comstock Beats, Loss Narrows Posted: 02 Aug 2011 11:06 AM PDT Oil and natural gas firm Comstock Resources Inc. (NYSE:CRK) posted better-than-expected second quarter 2011 results, aided by strong volume growth and higher realized prices. The company reported adjusted loss per share of 4 cents in the quarter, narrower than the Zacks Consensus Estimate of a loss of 8 cents. Comparing year over year, Comstock's performance was better than a loss of 12 cents. The company generated revenue of $112.5 million in the quarter, surpassing the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy Beats On Volume Growth Posted: 02 Aug 2011 11:06 AM PDT SM Energy Company's (NYSE:SM) second-quarter 2011 profit recorded a substantial jump on higher production, divestiture operation as well as higher price realization. The company reported second quarter adjusted earnings of 91 cents per share, handily beating the Zacks Consensus Estimate of 54 cents and showing a significant improvement from 16 cents earned a year earlier. Total revenue of $377.9 million leaped 78.5% from $211.7 million in the prior-year quarter and comfortably surpassed the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Uganda Raises Interest Rate 100bps To 14.00% Posted: 02 Aug 2011 10:55 AM PDT The Bank of Uganda raised its new monetary policy interest rate (the central bank rate) by 100 basis points to 14.00% from 13.00% previously.  Bank of Uganda Governor, Emmanuel Tumusiime Mutebile, said the move was “intended to reduce the growth of bank credit in the economy, which expanded very rapidly in the 2010-11 fiscal year, and to provide some support for the nominal exchange rate, which affects domestic prices of imported goods,”.  The Bank added: ”If … [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: 02 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.<br/><br/> NZD/USD was trading at 0.8689, down 0.88% at time of writing.<br/><br/> The pair was likely to find support at 0.8623, Friday&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Theravance Misses Overall Posted: 02 Aug 2011 10:35 AM PDT Theravance Inc.'s (NASDAQ:THRX) second quarter 2011 loss per share of 31 cents was wider than the Zacks Consensus Estimate of a loss of 26 cents as well as the year-ago loss of 28 cents per share. The wider loss was attributable to a flat top-line performance as well as increased research and development (R&D) expenses. Revenue at Theravance was almost flat over the prior year at $6.4 million due to light royalty revenue from Vibativ sales in the reported quarter. Revenue was also much below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Varian Beats On Top-line Growth Posted: 02 Aug 2011 10:35 AM PDT Varian Semiconductor Inc. (NASDAQ:VSEA) has reported third quarter 2011 earnings per share (EPS) of $1.03, surpassing the Zacks Consensus Estimate of $1.00. The quarter's results bettered the year-ago figure and the company's guided range of 97 cents and $1.02 on higher revenues and margins. Revenues Varian reported third quarter total revenue of $328.4 million, up 44.2% from $227.7 million in the year-ago quarter. The revenue was in line with the mid-point of the company's guided range of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Personal Income Up 0.1%, Quality Very Poor Posted: 02 Aug 2011 10:35 AM PDT In June, Personal Income rose 0.1%, down from a 0.2% rise (revised down from 0.3%) in May, and from 0.4% in April. The increase was in line with the consensus expectations. Meanwhile, Personal Consumption Expenditures (PCE) were down 0.2%, lower than the consensus expectation of a 0.1% rise. That is a deceleration from the 0.1% rise in May and the 0.2% increase in April. Of course, if spending is falling and income is rising, it means that the savings rate is going up. The savings rate rose to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Remain Risk Averse In The Forex Markets Posted: 02 Aug 2011 10:00 AM PDT 08/02/11 Risk aversion remained strong this afternoon in the forex markets as investor caution regarding eurozone debt issues and weak economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Fear…still Left Out There” Posted: 02 Aug 2011 09:55 AM PDT 08/02/11 Mogavero, Lee & Co.’s Doreen Mogavero discusses concerns over economic growth, and safe-haven demand for gold and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 2.26% Posted: 02 Aug 2011 09:55 AM PDT Forexpros – European stocks were down after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 2.26%, London&rsquo;s FTSE 100 shed 0.97%, France&rsquo;s CAC 40 declined 1.82% and the EURO STOXX 50 was down 1.87%.<br/><br/> Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Options On MetroPCS Pop Post Earnings Posted: 02 Aug 2011 09:48 AM PDT Options on MetroPCS pop post earnings Today's tickers: PCS, CTRP, PLL & TLM (NYSE:PCS) – MetroPCS Communications, Inc. – Shares in the wireless communications provider dropped like a rock this morning after the company's profits for the second quarter came in below analyst estimates. MetroPCS shares surrendered 35.5% at times this morning to secure an intraday low of $10.44. The sharp correction in the price of the underlying spurred frenzied options trading in the front month. Investors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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