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

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• Forex – EUR/USD Fractionally Lower In Early Asian Trade
• Forex – GBP/USD Down On Economic Data
• Bank Robbers, Then And Now
• Nationwide Consumer Confidence Falls Less-than-expected
• Forex – NZD/USD Up On Economic Data
• Gold Slides Over $100/oz.
• N.Z. Retail Sales Rise More-than-expected
• Neutral On Chevron, Target $103
• Dow And Lehigh In Partnership
• US Weekly Jobless Claims; Earnings – Hormel, Pandora; UK Nationwide House Prices, German Import Prices
• Hot Option Plays: Talkin’ ’bout Jackson
• Toyota Unveils New Camry
• Simon, Tanger Form JV In Texas
• CAKE’s 2011 Growth On Track
• Delta To Order 100 Boeing Aircraft
• Stanley Gets Antitrust Clearance
• America’s Unique, Unsuccessful And Dangerous Housing And Mortgage Policies
• Kinetic Lowered To Neutral
• Tesoro Maintained At Outperform
• Goldman & Citi Renew CMBS Offering
• KB Home’s New Bay Area Communities
• Carlos Slim Raises Stake In NYT
• Southern Union In Red Bluff Project
• Dow Rally Continues, Gold Prices Drop & Bank Of America Jumps 9%
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• China Life’s Earnings Dip
• ONEOK Repurchases $300M Shares
• Kraft Cuts Coffee Prices By 6%
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 1.29%
• Hartford Re-enters Annuities Biz
• Ecolab Beefs Up Share Buyback
• Federal Realty Stays Neutral
• Mechel Launches Convertor #2
• Forex – GBP/USD Down During The U.S. Session
• EOG Resources Stays Neutral
• 08/24 FX Options Report
• Forex – USD/CHF Up In U.S. Trading Hours
• Quote Of The Day: China Is Not The Enemy
• Hot Option Plays: Moody’s Remix
• One Man Responsible For Shaking The World Of Finance….and Everyone’s Retirement Capital Gets His Due
• Good News For Cell Therapeutics
• The Culture Of Low Standards And Significant Grade Inflation For America’s College Education Majors
• Forex – USD/CAD Up In U.S. Trade
• Earnings Scorecard: Gap
• Anadarko Strikes Oil In Ghana
• NYSE-Boerse Merger Clears CFI
• Kellogg To Study Buyers With Epsilon
• Thermo Fisher Remains Neutral
• SurModics To Trim Workforce
• Terreno Realty Buys Doral Property
• Exxon To Partly Restart Silvertip
• Charles River To Align Segments
• Forex Trading: GBPUSD Has Little Bounce But Holding Against Support
• Forex – EUR/USD Down In U.S. Trading Hours
• FDIC: Fewer Banks On Problem List
• Arrow Replaces Credit Facility
• Chrysler To Modernize Ohio Plant
• Canada Clears Gen-Probe PANTHER
• Forex – AUD/USD Down In U.S. Trade
• ETF Spotlight: Dan Waldron, First Trust Advisors
• Sprint To Sell Apple IPhone
• Lockheed Authorizes Buyback
• Forex – USD/JPY Up During The U.S. Session
• Nordic Growth For Northern Trust
• Monsanto Fears Losing Soy Market
• Durable Goods Orders Greatly Improve
• Bearish Play Points To Possible Post-earnings Pullback In TiVo
• Dollar Rebounds On Durable Goods, Merkel Comments
• “Going To See Some Movement To Downside”
• European Markets Close Higher; Dax Up 2.69%
• Homebuilder Toll Brothers Constructs 3Q Profit
• Keynesian Stimulus: Divine Miracle Or Bloodletting?
• Deflation Or Inflation? The Answer Is Gold

Forex – EUR/USD Fractionally Lower In Early Asian Trade Posted: 24 Aug 2011 04:44 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro inched down against the U.S. dollar in Asian trade Thursday, following gains on both the European and U.S. stock markets with investor eyes focused on the upcoming meeting of U.S. Federal Reserve officials.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>EUR/USD hit 1.4407 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down On Economic Data Posted: 24 Aug 2011 04:30 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Nationwide Consumer Confidence.<br/><br/> GBP/USD was trading at 1.6369, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.6353, today&rsquo;s low, and resistance at 1.6618, Friday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.K.'s Nationwide consumer confidence index fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Robbers, Then And Now Posted: 24 Aug 2011 04:21 PM PDT Old Days “Because that’s where the money is.” (Image: source) “Willie Sutton” (Wikipedia) William “Willie” Sutton (June 30, 1901 – November 2, 1980) was a prolific U.S. bank robber. During his forty year criminal career he stole an estimated $2 million, and eventually spent more than half his adult life in prison. For his talent at executing robberies in disguises, he gained two nicknames, “Willie the Actor” and “Slick Willie.” When not disguised, Sutton was an immaculate dresser. … Sutton … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nationwide Consumer Confidence Falls Less-than-expected Posted: 24 Aug 2011 04:10 PM PDT Forexpros – The U.K.'s Nationwide consumer confidence index fell less-than-expected last month, industry data showed on Wednesday.<br/><br/>In a report, Nationwide said that Nationwide consumer confidence fell to a seasonally adjusted 49, from 51 in the preceding month.<br/><br/>Analysts had expected Nationwide consumer confidence to fall to 46 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up On Economic Data Posted: 24 Aug 2011 04:00 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on Retail Sales.<br/><br/> NZD/USD was trading at 0.8288, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 0.8163, Monday&rsquo;s low, and resistance at 0.8368, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that retail sales in New Zealand rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Slides Over $100/oz. Posted: 24 Aug 2011 03:57 PM PDT 08/24/11 Gold futures tumbled, posting its worst decline since March 2008. The CME raised COMEX gold margin requirements by 27 percent for the 100 ounce … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

N.Z. Retail Sales Rise More-than-expected Posted: 24 Aug 2011 03:55 PM PDT Forexpros – Retail sales in New Zealand rose more-than-expected last month, official data showed on Wednesday.<br/><br/> In a report, Statistics New Zealand said that retail sales rose to 0.9%, from 0.9% in the preceding month .<br/><br/> Analysts had expected retail sales to rise 0.6% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Chevron, Target $103 Posted: 24 Aug 2011 03:35 PM PDT We have maintained our Neutral recommendation on U.S. energy giant Chevron Corp. (NYSE:CVX) with a price target of $103.0. San Ramon, California-based Chevron is one of the largest publicly traded oil and gas companies in the world, based on proved reserves. It is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of chemicals, and other energy-related businesses. Chevron, in its present form, resulted from the 2001 merger between Texaco … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow And Lehigh In Partnership Posted: 24 Aug 2011 03:35 PM PDT The largest U.S. chemicals manufacturer, The Dow Chemical Company (NYSE:DOW) and manufacturer of sustainable, micronized rubber powders, Lehigh Technologies are in partnership to conduct collaboration targeted at making tires more sustainable. Dow and Lehigh will combine proprietary technologies to modify the rubber particles. The program will combine Dow’s expertise in polymer chemistry with Lehigh’s expertise in sustainable rubber compound development and testing. Lehigh's startup's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Weekly Jobless Claims; Earnings – Hormel, Pandora; UK Nationwide House Prices, German Import Prices Posted: 24 Aug 2011 10:20 AM PDT 08/24/11 Weekly initial jobless claims will be released for the week ended August 20. Pandora’s earnings results will be in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Talkin’ ’bout Jackson Posted: 24 Aug 2011 03:17 PM PDT Cusick’s Corner Solid finish to end of After Hours, but all eyes, tired eyes, will be on the early morning action out of Europe with French banks kicking off earnings, most notable Credit Agricole, and whether or not there is a reaction to the Moody’s downgrade in Asia. The Claims data could add some early volatility to tomorrow action as well, but I am not expecting too much reaction until the comments out of Jackson Hole from the Fed. The S&Ps were able to hold and close above critical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Unveils New Camry Posted: 24 Aug 2011 03:10 PM PDT Toyota Motor Corp. (NYSE:TM) intends to woo the market by rolling out its new 2012 Camry sedan. The redesigned model has a lower price tag and boasts an improved fuel economy and some added features. It will arrive at dealerships in early October. The basic version of the new Camry would cost $21,955, which is $710 more than the current model. However, most other versions would cost less than the existing model. The top version would cost $24,725, which is $2,000 less than the existing one, while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Simon, Tanger Form JV In Texas Posted: 24 Aug 2011 03:02 PM PDT Simon Property Group Inc, (NYSE:SPG) and Tanger Factory Outlet Centers Inc. (NYSE:SKT) recently formed a 50-50 joint venture to develop Tanger Outlets in the south of Houston, Texas. The first phase of center is spread across 55 acres and will have approximately 350,000 square feet of space with an option of another 120,000 square feet expansion.The joint venture partners will jointly host a Ground Breaking Ceremony at the site on August 30, 2011. Greensboro, North Carolina-based Tanger is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAKE’s 2011 Growth On Track Posted: 24 Aug 2011 03:02 PM PDT The Cheesecake Factory Inc. (NASDAQ:CAKE), which currently operates 164 restaurants, remains on track to open as many as 7 new restaurants in fiscal 2011, of which three restaurants have already been opened. The first restaurant has been opened in Houston, Texas. This week, the company opened its latest Cheesecake Factory restaurant at The Shops at Pembroke Gardens in Pembroke Pines, Florida. The 8,400-square feet restaurant accommodates up to 225 guests. The second restaurant has come up at The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta To Order 100 Boeing Aircraft Posted: 24 Aug 2011 03:02 PM PDT The second-largest U.S. airline, Delta Air Lines Inc. (NYSE:DAL), is set to order 100 Boeing (NYSE:BA) 737 planes in a bid to replace its older fleet with more advanced and fuel-efficient aircrafts. The order is estimated to be valued at approximately $8.6 billion. Delta initiated the plan to replace older fleet two years ago. The company sent proposals to many aerospace companies including Airbus, Embraer (NYSE:ERJ) and Bombardier (BBD.B) and Boeing for delivering approximately 200 planes including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stanley Gets Antitrust Clearance Posted: 24 Aug 2011 03:01 PM PDT Stanley Black & Decker (NYSE:SWK) recently received antitrust clearance from the European Commission for its acquisition of Sweden-based Niscayah. In the month of June, Stanley proposed to acquire Niscayah for SEK7.6 billion or approximately $1.2 billion, through a tender offer by a wholly-owned subsidiary SBD Holding AB. The transaction is expected to close in September 2011. Niscayah's board has advised the shareholders and warrant holders to accept the deal. Further, shareholders of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

America’s Unique, Unsuccessful And Dangerous Housing And Mortgage Policies Posted: 24 Aug 2011 02:38 PM PDT The Richmond Fed has an interesting cover story in its second quarter publication titled “Foreign Housing Finance,” with some interesting comparisons of U.S. housing finance, mortgage markets, and housing policy to other countries.  Here’s an excerpt:  “It is common for developed-country governments to intervene in the provision of housing services. Many have state-owned rental properties for example, and most have housing programs targeted to lower-income families. Nearly every … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinetic Lowered To Neutral Posted: 24 Aug 2011 02:35 PM PDT We recently downgraded our recommendation on Kinetic Concepts Inc. (NYSE:KCI) to Neutral with a target price of $68.50. This rating was primarily supported by the company's limited upside potential stemming from the pending acquisition by private equity firm Apax Partners and two Canadian pension funds for approximately $6.3 billion or $68.50 in cash per share including all outstanding debt. Kinetic suffered several setbacks over the past few quarters mainly on the back of declining sales in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tesoro Maintained At Outperform Posted: 24 Aug 2011 02:22 PM PDT We are maintaining a long-term Outperform rating on Tesoro Corporation (NYSE:TSO), reflecting the company's consistent growth momentum, positive trends in the refining industry coupled with improvement in the overseas economic activities. Tesoro reported robust second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance. Earnings per share (excluding special items) came in at $1.65, comfortably surpassing the Zacks Consensus estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman & Citi Renew CMBS Offering Posted: 24 Aug 2011 02:22 PM PDT According to a Dow Jones Newswires report, The Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) plan to regenerate commercial mortgage-backed securities (CMBS) offering next month, which was scraped in July by the investment banks. The banks have hired Moody's Investors Service, a credit rating arm of Moody's Corp., (NYSE:MCO) to rate the bonds sale. CMBS are the mortgage-backed securities secured by the loan on a commercial property. Contrasting most other mortgage-backed securities, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

KB Home’s New Bay Area Communities Posted: 24 Aug 2011 02:04 PM PDT KB Home (NYSE:KBH) recently announced the opening of ten new energy-efficient communities under its Built to Order program, all located in and around the highly demanding Bay Area of San Francisco. Six of the new communities are already on sale while the remaining four are scheduled in early autumn. A depressed housing industry is the biggest concern for any homebuilder including KB Home. Besides, there is no sign of a speedy recovery. Home sales declined consistently in each of the first three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Carlos Slim Raises Stake In NYT Posted: 24 Aug 2011 02:04 PM PDT The Mexican billionaire, Carlos Slim Helu, has recently increased his stake in one of the leading diversified media company, The New York Times Company (NYSE:NYT) to 7.2% from 6.9%. On August 18, 2011, Carlos Slim bought 553,000 Class A shares of New York Times in the range of $6.83 to 7.09 per share. Mr. Slim and his family hold 16 million more share warrants, which if they choose to exercise, will bring their holding in the New York Times to 16%. The warrants will expire in 2015. Prior to this, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southern Union In Red Bluff Project Posted: 24 Aug 2011 02:04 PM PDT Southern Union Company (NYSE:SUG) received approval for the construction of the $235 million Red Bluff Project. The company's midstream segment, Southern Union Gas Services ("SUGS") will construct a natural gas processing plant with a capacity of 200 million cubic feet per day (MMcf/d) and associated gathering, compression and treating facilities. As a part of the Red Bluff project, SUGS will construct approximately 60 miles of pipeline to deliver up to 20,000 bpd of natural gas liquids … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Rally Continues, Gold Prices Drop & Bank Of America Jumps 9% Posted: 24 Aug 2011 02:00 PM PDT 08/24/11 NYFP’s Closing Bell Market Monitor: Today saw a continued triple-digit Dow rally, gold prices dropped more than $100 an ounce and major market movers included TOL, BHP, PRX, & … [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: 24 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4415, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 24 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/JPY was trading at 76.98, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 75.97, Friday&rsquo;s low, and resistance at 77.19, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Life’s Earnings Dip Posted: 24 Aug 2011 01:35 PM PDT China Life Insurance Co. Ltd. (NYSE:LFC) reported operating earnings during the first half of 2011 of RMB0.46 (US$0.07) per share, witnessing a 28.1% decline from RMB0.64 (US$0.10) per share in the first half of 2010. Net income also declined substantially to RMB12.96 billion (US$2.03 billion) from RMB18.03 billion (US$2.82 billion) in the year-ago period. China Life's net income reduced due to increased impairment losses and traditional insurance contract liabilities. However, the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ONEOK Repurchases $300M Shares Posted: 24 Aug 2011 01:35 PM PDT Diversified energy company ONEOK Inc. (NYSE:OKE) announced that it completed the buyback of its shares worth $300 million from Barclays Capital, the investment banking arm of Barclays Plc. (NYSE:BCS). The company repurchased 4.27 million shares from Barclays Capital at an average price of $70.25 per share. ONEOK continues to create shareholder value through share repurchase and payment of dividends to its shareholders. Earlier, in October 2010, the board of directors authorized a three-year share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kraft Cuts Coffee Prices By 6% Posted: 24 Aug 2011 01:35 PM PDT Kraft Foods Inc. (NYSE:KFT) has cut down the prices of its flagship coffee brand Maxwell House by roughly 6% in the US, effective immediately, driven by a decline in the prices of coffee beans. Accordingly, the price slit converts to 20 cents per pound on roast and ground coffees and 2 cents per ounce on instant coffees, while Kraft covers its Maxwell House and Yuban brands, excluding Gevalia, Tassimo and the Maxwell House International line of specialty soluble beverages. Kraft is following its … [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: 24 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4416, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.29% Posted: 24 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 1.29%, the S&P 500 index gained 1.31%, while the Nasdaq 100 index climbed 0.74%.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally adjusted 0.7% last month from 0.6% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hartford Re-enters Annuities Biz Posted: 24 Aug 2011 01:02 PM PDT In an attempt to penetrate deeper into the annuities, yesterday The Hartford Financial Services Group Inc. (NYSE:HIG) announced the re-launch of its structured settlement fixed annuity. Previously, in October 2009, the company had ceased the writing of new structured settlement annuities as part of the company’s decision to exit the institutional business. Hartford's structured settlement fixed annuity is being issued by Hartford Life Insurance Co. The cyclic premium payments offer a reliable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ecolab Beefs Up Share Buyback Posted: 24 Aug 2011 01:02 PM PDT The Board of leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) has authorized the buyback up to 10 million additional shares of its common stock. The Minnesota-based company had roughly 18 million shares remaining under its previous authorization. The authorization will come into effect following the closure of Ecolab's previously announced acquisition of water treatment company Nalco Holding Company (NYSE:NLC). The cumulative authorization following the consummation of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federal Realty Stays Neutral Posted: 24 Aug 2011 01:02 PM PDT We reiterate our Neutral recommendation on Federal Realty Investment Trust. (FRT) as we expect the stock to perform in line with the broader market. The company reported second quarter 2011 FFO (funds from operations) of $64.3 million or $1.02 per share compared with $60.3 million or  98 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mechel Launches Convertor #2 Posted: 24 Aug 2011 01:02 PM PDT Russian mining company Mechel OAO (NYSE:MTL) announced the launch of the new converter # 2 in Chelyabinsk Metallurgical Plant’s oxygen-converter shop. Replacement of the converter #2 is the first stage in the complex reconstruction program for Chelyabinsk Metallurgical Plant’s oxygen converter shop and is expected to be completed by 2013. The program includes full replacement of the shop’s three converters, dedusting tracts and their infrastructure equipment. The converter was produced by … [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: 24 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> GBP/USD was trading at 1.6380, down 0.70% at time of writing.<br/><br/> The pair was likely to find support at 1.6366, today&rsquo;s low, and resistance at 1.6618, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EOG Resources Stays Neutral Posted: 24 Aug 2011 12:35 PM PDT We have maintained our Neutral recommendation on a major independent oil and gas exploration and production company, EOG Resources Inc. (NYSE:EOG), following the second quarter 2011 results. The company reported stellar earnings in the second quarter that topped our expectation on the back of almost 50% crude oil production growth. It also registered a significant 60% growth in U.S. crude oil and condensate production for the first time in the company's history during the quarter. This was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

08/24 FX Options Report Posted: 24 Aug 2011 12:30 PM PDT The USD turned higher vs. the majors in rangebound trade, ahead of Bernanke’s speech on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours Posted: 24 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/CHF was trading at 0.7956, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 0.7808, Friday&rsquo;s low, and resistance at 0.7961, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quote Of The Day: China Is Not The Enemy Posted: 24 Aug 2011 12:29 PM PDT “China is not the enemy. It is just another part of the manufacturing cycle, similar to what the U.S. was to Europe in the 19th century, Japan was to the U.S. in the 20th century, and Malaysia, Vietnam, and other countries are to China today. And so it goes. European manufacturing did not collapse when the young U.S. developed its manufacturing base — and U.S. manufacturing is not going away either.” ~Mark Symonds, “Don't Fear Chinese Manufacturing. Embrace … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Moody’s Remix Posted: 24 Aug 2011 12:17 PM PDT Cusick’s Corner No, not the Nights in White Satin group. Is Moody’s serious? This is about the worst market timing I have ever seen — a downgrade of Japan, where has Moody’s been the last 20 years? Europe has been performing well into the Midday in front of EU banks getting ready to announce Q2 results. Today Financials have been the leader and the main catalyst for the major indices, helping them get out of an early morning neutral range, breaking out into the Midday. I am watching Crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

One Man Responsible For Shaking The World Of Finance….and Everyone’s Retirement Capital Gets His Due Posted: 24 Aug 2011 12:17 PM PDT   Douglas Peterson to Become President of S&P By Katrina Nicholas and John Detrixhe -Aug 23, 2011  – originally published at Bloomberg Douglas Peterson, Citibank NA Chief Operating Officer, will be replacing Deven Sharma as the new president of S&P.  Standard & Poor's, the ratings company that downgraded the U.S. AAA credit ranking for the first time, will replace President Deven Sharma with Citibank NA Chief Operating Officer Douglas Peterson. Sharma, 55, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good News For Cell Therapeutics Posted: 24 Aug 2011 12:15 PM PDT Cell Therapeutics Inc. (CTIC) recently announced that it has moved a step closer to getting its lead pipeline candidate pixantrone approved in the European Union. Cell Therapeutics submitted a response to the Day 120 List of Outstanding Issues to the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) relating to the Marketing Authorization Application (MAA) filed for pixantrone. Cell Therapeutics is looking to get pixantrone approved for the treatment of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Culture Of Low Standards And Significant Grade Inflation For America’s College Education Majors Posted: 24 Aug 2011 12:15 PM PDT In a new AEI Education Outlook "Grade Inflation for Education Majors and Low Standards for Teachers: When Everyone Makes the Grade," University of Missouri economist Cory Koedel finds that grades awarded to education students at America's universities are considerably higher than grades in every other academic discipline.  As I wrote on The Enterprise Blog today, what makes those findings especially striking is that education majors score significantly lower on standardized … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 24 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/CAD was trading at 0.9882, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.9827, Friday&rsquo;s low, and resistance at 0.9924, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Gap Posted: 24 Aug 2011 12:05 PM PDT One of the world’s leading premier specialty retailer, Gap Inc. (NYSE:GPS) recently posted second-quarter 2011 results. The Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs that follow, we will cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Quarterly Review Gap's second-quarter 2011 earnings of 35 cents per share declined 2.8% from last year's 36 cents per share, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Anadarko Strikes Oil In Ghana Posted: 24 Aug 2011 12:00 PM PDT Anadarko Petroleum Corporation (NYSE:APC) said it has discovered light boil at the Akasa-1 exploration well on the West Cape Three Points Block offshore Ghana. Drilled to total depths of 12,850 feet (3,920 meters) in water depths of 3,800 feet (1,160 meters), the well encountered 108 net feet (33 meters) of high-quality oil pay from four main Turonian-aged sand packages, similar to those found in the Jubilee and Mahogany East areas.  The Akasa-1 discovery builds upon the partnership’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYSE-Boerse Merger Clears CFI Posted: 24 Aug 2011 11:55 AM PDT Yesterday, NYSE Euronext Inc. (NYSE:NYX) reached another milestone on receiving a green signal for its merger with Deutsche Boerse from the Committee on Foreign Investment (CFI) in the US. The CFI is a prime regulatory body in the US comprising government officials representing the justice, commerce, state, defense and homeland security departments. The board of CFI scrutinizes all the international mergers made by the US-based organizations. Both NYSE and Deutsche Boerse successfully completed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kellogg To Study Buyers With Epsilon Posted: 24 Aug 2011 11:55 AM PDT Kellogg Co. (NYSE:K) is out to enhance its Customer Relationship Management (CRM) and in connection to that has decided to join with Epsilon, a subsidiary of Alliance Data Systems Corporation (NYSE:ADS). Epsilon is the industry’s leading marketing services firm that provides better marketing solutions taking into consideration the consumer's insight on a regular basis. The two companies have entered into an agreement in which Epsilon has agreed to build and host a global real-time consumer web … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thermo Fisher Remains Neutral Posted: 24 Aug 2011 11:55 AM PDT Recently, we reiterated our Neutral recommendation on Thermo Fisher Scientific (NYSE:TMO) with a target price of $55.00. Thermo Fisher reported an adjusted EPS of 99 cents in the second quarter of fiscal 2011, a penny above the Zacks Consensus Estimate and 22% higher from the second quarter of 2010. Revenues increased 12% year over year to reach $2.90 billion during the quarter, beating the Zacks Consensus Estimate of $2.81 billion. Thermo Fisher has undertaken several acquisitions in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SurModics To Trim Workforce Posted: 24 Aug 2011 11:55 AM PDT In a bid to optimize its resources and maximize long-term growth potential SurModics Inc. (NASDAQ:SRDX) announced that it will trim its work-force by 9%. The move is expected to result in annual savings of approximately $1.7 million to $2.0 million. Moreover, the organizational restructuring is expected to result in a one-time restructuring charge of approximately $1.1 to $1.4 million in the final quarter of fiscal 2011 (ending September 30, 2011) for Surmodics. The company also announced that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terreno Realty Buys Doral Property Posted: 24 Aug 2011 11:55 AM PDT Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial property in Doral, Florida, for approximately $4.4 million. The acquisition is part of the long-term strategy of the company to desist from pursuing ground-up development or land investments, and instead own functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. The acquired property … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon To Partly Restart Silvertip Posted: 24 Aug 2011 11:55 AM PDT A unit of ExxonMobil Corporation (NYSE:XOM), ExxonMobil Pipeline Company, has received approval from the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration to restart a 20-mile (32-kilometer) stretch of the Silvertip pipeline running between Laurel and Billings, Montana. The U.S. regulators have given their permission to the company to restart operations of the portion of the pipeline that does not include the section which experienced a malfunction on July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charles River To Align Segments Posted: 24 Aug 2011 11:55 AM PDT Charles River Laboratories International Inc. (NYSE:CRL) recently announced that it will combine its Research Models and Services (RMS) and Preclinical Services (PCS) businesses into a single unit. The newly aligned business will run operations in North America and Europe/Asia. Dr. Nancy Gillett will be the Chief Scientific Officer of the global businesses. Dr. Davide Molho will be the Corporate Executive Vice President and President for the North American Operations. Moreover, Dr. Jörg Geller … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Has Little Bounce But Holding Against Support Posted: 24 Aug 2011 11:51 AM PDT The GBPUSD has had two trend legs to the downside today. The first leg corrected 38.2% of the move down and reversed into the second leg which has had a pathetic bounce off the low at 1.6364 (see chart above). In the process, the price moved through good support at the 1.6439 level where the 200 hour MA and a floor from the 19th and 22nd of August (see hourly chart below). The positive is the market has a double bottom on the 5 minute chart above and also stalled at the 50% retracement … [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: 24 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/USD was trading at 1.4420, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, Friday&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDIC: Fewer Banks On Problem List Posted: 24 Aug 2011 11:35 AM PDT The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions saw a sharp decline to 865 in the second quarter from 888 in the sequentially preceding period, the agency said in its quarterly report on the health of the nation’s banking system on Tuesday. This represents the first quarterly drop since 2006. Things looked so much brighter in the second quarter given the shrink in the problem list accompanied by overall profit earned for the eighth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Arrow Replaces Credit Facility Posted: 24 Aug 2011 11:35 AM PDT Arrow Electronics, Inc. (NYSE:ARW) recently announced that the company has entered into a $1.2 billion five-year credit agreement. The new revolving credit facility expires on August 19, 2016. This new credit facility replaces the $800 million revolving credit facility and $200 million term loan that were scheduled to expire in January 2012. As of July 2, 2011, the company had $222,500 outstanding under the revolving credit facility.  There were no outstanding borrowings under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chrysler To Modernize Ohio Plant Posted: 24 Aug 2011 11:35 AM PDT Chrysler Group LLC, 53.5% owned by Italy's Fiat SpA (FIATY), plans to invest $72 million for modernizing its Toledo Machining Plant near Perrysburg in Ohio. The company intends to install new equipment at the plant that will produce new-generation torque converters and steering columns. Currently, the facility manufactures steering columns for 8 assembly plants, including one in nearby Toledo.  It also produces torque converters that help in changing gears by itself with the help … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Clears Gen-Probe PANTHER Posted: 24 Aug 2011 11:35 AM PDT Diagnostic products maker Gen-Probe (NASDAQ:GPRO) has secured the license of Health Canada for its PANTHER system, a fully automated molecular testing platform designed to address a vast spectrum of testing needs. This represents a major landmark in the California-based company's endeavor to make this breakthrough product available to the global lab community.  The PANTHER system complements Gen-Probe's TIGRIS system, the first fully automated testing system for molecular diagnostics. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 24 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> AUD/USD was trading at 1.0471, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 1.0315, Friday&rsquo;s low, and resistance at 1.0535, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ETF Spotlight: Dan Waldron, First Trust Advisors Posted: 24 Aug 2011 11:08 AM PDT 08/24/11 First Trust Advisors’ SVP and ETF strategist. Dan Waldron discusses the AlphaDEX line following the Opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint To Sell Apple IPhone Posted: 24 Aug 2011 11:05 AM PDT The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) expects to sell the new version of Apple Inc.'s (NASDAQ:AAPL) iPhone from mid October. Besides, the company will also start selling the existing iPhone 4. Apart from Sprint, the iPhone 5 will also be marketed by the two other dominant players, AT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ), from mid October. We believe the sale of iPhones would be a big win for Sprint, which is struggling to turn around its business after its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Authorizes Buyback Posted: 24 Aug 2011 10:50 AM PDT In a concerted effort to return more value to its shareholders, the board of directors of Lockheed Martin Corporation (NYSE:LMT) has authorized an increase to the amount available under the share repurchase program of up to $1 billion. The new authorization adds to the current share repurchase program initiated in October 2010. The company, in the second quarter of 2011, repurchased 13 million shares for a total of $1 billion. Earlier, Lockheed reported earnings per share of $2.14 in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During The U.S. Session Posted: 24 Aug 2011 10:45 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/JPY was trading at 76.97, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 75.97, Friday&rsquo;s low, and resistance at 77.19, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nordic Growth For Northern Trust Posted: 24 Aug 2011 10:35 AM PDT Northern Trust Corporation (NASDAQ:NTRS) is on track to grow its asset servicing business in the Nordic region by winning a NOK606 million (about $110 million) mandate to offer global custody, securities lending, transition management, and foreign exchange services to the municipal investment fund of Bærum Kommune in suburban Oslo, Norway. Northern Trust, which has been serving the needs of its Nordic region clients for 20 years, is now focused on increasing its business and broadening its client … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monsanto Fears Losing Soy Market Posted: 24 Aug 2011 10:35 AM PDT Monsanto Co. (NYSE:MON) fears losing market for Roundup Ready Soy as Dow Chemical Co. (NYSE:DOW), the biggest U.S. chemical maker, launches a genetically altered soybean seed. Dow has planned to stop the use of Monsanto's widely licensed technology as well, in the next generation of its Enlist genetically modified soybeans. The second generation of Enlist was recently submitted to the U.S. Department of Agriculture for approval, which DOW expects to achieve by "mid-decade". Once approved, these … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Durable Goods Orders Greatly Improve Posted: 24 Aug 2011 10:35 AM PDT New Orders for Durable Goods rose 4.0% in July. That was well above consensus expectations of an increase of 1.9%. In addition, the June numbers were revised upwards. It was first reported as a decrease of 2.1%, but now they say new orders fell just 1.3%. Durable goods orders are a volatile series, and it is not uncommon for a big drop in one month to be followed by a rise the next — more common than two months in the same direction, and three or four months in a row is rare. Still, these … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bearish Play Points To Possible Post-earnings Pullback In TiVo Posted: 24 Aug 2011 10:33 AM PDT Bearish play points to possible post-earnings pullback in TiVo Today's tickers: TIVO, BHI, PBR & MU (NASDAQ:TIVO) – TiVo, Inc. – Large prints in TiVo call and put options indicate one big player is prepared for shares in the provider of home entertainment technologies to extend losses following the company's second-quarter earnings report after the close. TiVo's shares are down 3.3% at $7.98 as of 12:30 pm in New York. It looks like the investor responsible for nearly all of the volume … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Rebounds On Durable Goods, Merkel Comments Posted: 24 Aug 2011 05:30 AM PDT 08/24/11 The US dollar rebounded this afternoon against both the euro and yen after the release of a strong durable goods orders and a reiteration from Angela Merkel opposing a breakup of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Going To See Some Movement To Downside” Posted: 24 Aug 2011 10:15 AM PDT 08/24/11 Mogavero, Lee & Co.’s Doreen Mogavero weighs in on today’s trading action and near-term expectations ahead of Bernanke’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 2.69% Posted: 24 Aug 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 2.69%, London&rsquo;s FTSE 100 gained 1.34%, France&rsquo;s CAC 40 climbed 1.79% and the EURO STOXX 50 was up 1.76%.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate fell more-than-expected to 108.7 last month, from 112.9 in the preceding month.<br/><br/> Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Homebuilder Toll Brothers Constructs 3Q Profit Posted: 24 Aug 2011 05:00 AM PDT 08/24/11 Luxury homebuilder Toll Brothers reported a 54% 3Q profit on a large tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Keynesian Stimulus: Divine Miracle Or Bloodletting? Posted: 24 Aug 2011 08:19 AM PDT Economist Robert Barro writing in today’s WSJ (emphasis added):  “Keynesian economics—the go-to theory for those who like government at the controls of the economy—is in the forefront of the ongoing debate on fiscal-stimulus packages. For example, in true Keynesian spirit, Agriculture Secretary Tom Vilsack said recently that food stamps were an “economic stimulus” and that “every dollar of benefits generates $1.84 in the economy in terms of economic activity.” Many observers may see … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deflation Or Inflation? The Answer Is Gold Posted: 23 Aug 2011 10:00 PM PDT There are tectonic plates pushing against each other in Washington these days, and I'm not talking about yesterday's 5.8 magnitude earthquake felt along the East Coast. Rather, the tension is a product of the government's rising levels of debt and a printing press pumping out money and weakening the dollar. In an excellent video, James Turk, founder of GoldMoney.com, and James Rickards, senior managing director of Tangent Capital, converse about gold's role in this ongoing monetary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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