DailyMarkets.com - Invesco Wraps Up Stock Offering

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• Invesco Wraps Up Stock Offering
• Aetna Stays Neutral
• H&R Block To Divest RSM McGladrey
• Australian Dollar: Technical Rebound In A Bearish Trend
• Canadian Dollar: Technical Rebound In A Bearish Trend
• Hain Beats, Sustains Growth
• 5 Reasons We Don’t Get QE3 In Bernanke’s Speech At Jackson Hole
• Earnings Scorecard: Target Corp.
• Bernanke Bulls Caught Napping As Yields Rebound
• Neutral On Weyerhaeuser
• WPPGY’s 1H11 Interim Results
• Health Management Stays At Neutral
• The Road To $100 Million Begins
• Oracle, IBM Vie For H-P Assets
• Encana Inks Deal With AGL
• Omnicell Teams With Premier
• Earnings Preview: Regis
• Forex Trading: EURUSD Feeling Less Happy Now
• Forex – Dollar Erases Losses After U.S. Durable Orders Jump
• Forex Trading: GBPUSD Tests Channel Support
• Crude Oil Holds On To Gains After Mixed U.S. Inventory Data
• Forex – GBP/USD Hits 1-week Low After U.S. Durables Orders Jump
• Word From The Floor: US Stocks See Modest Gains, Durable Goods Gains
• Another Steady Rise For Crude On Weaker Dollar
• Forex Trading: USDJPY Moves Higher
• Forex – EUR/USD Erases Gains After Upbeat U.S. Durables Data
• Another Three Push Multi-Divergence Example From Gold
• Natural Gas Futures Slump As Forecasts Turn Cooler
• US Durable Goods Improve & Japan’s Debt Rating Gets Cut
• Wessex Exploration Shares Dip On Guyane Drilling Delays

Invesco Wraps Up Stock Offering Posted: 24 Aug 2011 10:05 AM PDT On Tuesday, Atlanta, Georgia-based real estate investment trust Invesco Mortgage Capital Inc. (IVR) announced the completion of its public offering of 20 million shares of common stock. Invesco Mortgage stated that the offering led to proceeds of nearly $367.4 million, before deducting offering expenses and underwriting discounts. The company also asserted that underwriters have been permitted a 30-day option to purchase up to 3 million shares to cover over-allotments. On August 17, Invesco … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aetna Stays Neutral Posted: 24 Aug 2011 10:05 AM PDT We are reiterating our Neutral recommendation on the shares of Aetna Inc. (AET) following the release of second quarter 2011 results. The third largest commercial health insurer Aetna Inc. posted second quarter earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.07 as well as the year-ago quarter's earnings of $1.05 per share. Declining utilization and medical cost trends accounted for the earnings upside. Aetna progressed quite well in its Medicare business in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H&R Block To Divest RSM McGladrey Posted: 24 Aug 2011 09:35 AM PDT In its concerted effort to augment the nperformance of its core tax business, H&R Block Inc. (NYSE:HRB) has decided to divest RSM McGladrey to McGladrey & Pullen, LLP for a consideration of $610 million. The transaction is expected to close by the end of 2011. Of the total transaction value, H&R Block will finance $65 million. McGladrey & Pullen will absorb all liabilities, including contingent payments and lease obligations. Pursuant to the sale, H&R Block will record … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Technical Rebound In A Bearish Trend Posted: 24 Aug 2011 09:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Technical Rebound In A Bearish Trend Posted: 24 Aug 2011 09:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hain Beats, Sustains Growth Posted: 24 Aug 2011 09:10 AM PDT The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products, posted better-than-expected fourth-quarter 2011 financial results. The quarterly earnings of 35 cents a share beat the Zacks Consensus Estimate of 33 cents, and climbed 40% from 25 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 28 cents compared with 16 cents a share earned in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

5 Reasons We Don’t Get QE3 In Bernanke’s Speech At Jackson Hole Posted: 24 Aug 2011 09:03 AM PDT As we head into the very important speech from Fed Chairman Bernanke, the speculation is rife as to whether he will come out and provide further stimulus via more bond buying, or undertaking QE3. However, despite declining stocks and soft soggy data, the odds of Bernanke going through with more easing faces several hurdles.  Here are 5 reasons why we do not get QE3 announced on Friday. 1. Inflation is heading in the wrong direction! Bernanke has told us that the environment is not right … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Target Corp. Posted: 24 Aug 2011 08:50 AM PDT Target Corporation (NYSE:TGT), recently posted better-than-expected second-quarter 2011 results. Street analysts had a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Earnings Report Review Target Corporation'squarterly earnings of $1.03 per share beat the Zacks Consensus Estimate of 97 cents, and rose from 92 cents earned in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bernanke Bulls Caught Napping As Yields Rebound Posted: 24 Aug 2011 08:47 AM PDT Two pieces of economic data questioning the conviction of bearish expectations ahead for the economy provoked sales of U.S. bonds midweek. Elsewhere bond yields rose even though some measures of sentiment continued to fall. It would seem that the market is fully prepped for Fed Chairman Bernanke's Friday delivery in Wyoming even though they know not what to expect. Eurodollar futures – September treasury note futures slid by a half-point to a session low after a national housing report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Weyerhaeuser Posted: 24 Aug 2011 08:36 AM PDT We currently maintain a Neutral recommendation on Weyerhaeuser (NYSE:WY), one of the leading U.S. forest product companies. The company is principally engaged in the growing and harvesting of timber; manufacturing of wood products targeted at home construction; distribution and sale of forest products; and real estate construction and development. Operations are mainly concentrated in Southern California, Nevada, Washington, Texas, Maryland, and Virginia. The company recently reported its second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPPGY’s 1H11 Interim Results Posted: 24 Aug 2011 08:36 AM PDT Ireland-based advertising titan WPP Group plc. (NASDAQ:WPPGY) reported its interim results for the first half of 2011 on August 24. Diluted pro forma earnings in the reported period were £0.228 ($1.84 per ADR), up 19.4% (22.8% in constant currency) from £0.191 ($1.46 per ADR) in the year-ago period. Revenue The company's reported revenue of £4,713 million ($7,616.4 million) was up 6.1% compared with the year-ago period, and increased 8.1% on a constant currency basis due to the strength in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Management Stays At Neutral Posted: 24 Aug 2011 08:36 AM PDT We maintain our Neutral rating on Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals. Second-quarter fiscal 2011 earnings of 20 cents per share edged past the Zacks Consensus Estimate by a penny. Health Management runs hospitals in select non-urban markets mostly in south eastern U.S. The company continues to emphasize its three long-standing initiatives, namely Emergency Room operations, physician recruitment and market development, which have facilitated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Road To $100 Million Begins Posted: 24 Aug 2011 08:30 AM PDT Ken Nagy, CFA On August 23, 2011, DecisionPoint Systems, Inc., (DPSI) an enterprise mobility and RFID systems integrator, reported financial results for its fiscal 2011 second quarter, ended June 30, 2011. The second quarter performance resulted in a small year over year decrease in revenue, with revenue dropping $64,235 to $13.223 million from $13.288 million for the three months ended June 30, 2010. The marginal decrease in revenues for the three months ended June 30, 2011 was due to lighter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oracle, IBM Vie For H-P Assets Posted: 24 Aug 2011 08:30 AM PDT Enterprise software company, Oracle Corp. (ORCL) is rumored to have emerged as a potential suitor for the beleaguered information technology (IT) major Hewlett-Packard Company's (HPQ), after the latter's share prices tumbled to new lows recently. On August 17 2011, H-P announced a number of initiatives, including the spin off or sale of its low-margin PC business, partial shut down of its webOS business and acquisition of the business software maker Autonomy Corp. However, these new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Encana Inks Deal With AGL Posted: 24 Aug 2011 08:30 AM PDT Canada's largest natural gas producer Encana Corporation (NYSE:ECA) recently entered into an agreement with Pivotal LNG, a subsidiary of AGL Resources Inc. (AGL), to receive supply of liquefied natural gas (LNG), which will be distributed to service providers operating fleet trucks in the Haynesville shale play in Louisiana. The financial terms of the deal were not disclosed. Per the terms of the deal, Pivotal LNG will deliver up to 100,000 gallons of LNG per day over an initial time period of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Omnicell Teams With Premier Posted: 24 Aug 2011 08:30 AM PDT Omnicell, Inc. (NASDAQ:OMCL) recently teamed up with Premier Purchasing Partners, L.P., the group purchasing arm of Premier Inc. Under the terms of the deal, Premier member hospitals and healthcare organizations will enjoy premium pricing for Omnicell's medication and supply management solutions. The agreement has a 36-months time period and is effective from July 2011. However, the financial terms of the deal were not disclosed. Omnicell expects this partnership to enhance its advanced medication … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Regis Posted: 24 Aug 2011 08:30 AM PDT Regis Corp. (NYSE:RGS), the largest hair salon chain in the world, is slated to release its fourth quarter and fiscal 2011 results on August 25, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 30 cents per share, representing an annualized negative growth of 12.8%. The current Zacks Consensus Estimate for 2011 is $1.10, which also reflects a year-over-year negative growth of 16.3%. With respect to earnings surprises over the trailing four quarters, Regis has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Feeling Less Happy Now Posted: 24 Aug 2011 08:25 AM PDT The EURUSD up and down string has ended for the NY session. The price visited the highs on a few occassions and the support a few times.  The price fell below the intraday support at the 1.4427 area and is now testing the 1.4400 level.  The next key target is the 50 % retracement of the 6 day trading range and the 100 hour MA at the 1.4383 level. Below that the 200 hour MA comes in at the 1.4377 level.  These levels provided support the yesterday and earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Erases Losses After U.S. Durable Orders Jump Posted: 24 Aug 2011 08:18 AM PDT Forexpros – The U.S. dollar erased losses against almost all of its major counterparts on Wednesday, after U.S. government data showing an unexpected jump in orders for durable goods boosted demand for the greenback.<br /><br />During U.S. morning trade, the greenback erased losses against the euro, with EUR/USD shedding 0.20% to hit 1.4411.<br /><br />Earlier in the day, official data showed that euro zone industrial orders fell unexpectedly in June, posting the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests Channel Support Posted: 24 Aug 2011 08:05 AM PDT The GBPUSD fell below the 200 hour MA and lows from August 19the and 22nd and fell further (see hourly chart above). The price is now down testing the channel trendline at the 1.6385 area. Profit takers came in on the first test.  Will they on the second attempt.  ON the topside, this train to the downside would continue if the price is now able to stay below the 1.6413 level. This level corresponds with the orginal low for the day and is now the 38.2% of the last leg to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Holds On To Gains After Mixed U.S. Inventory Data Posted: 24 Aug 2011 08:05 AM PDT Forexpros – Crude oil futures held on to gains on Wednesday, trading close to a four-day high after a government report showed a surprise drawdown in U.S. crude supplies last week, while gasoline inventories rose unexpectedly.<br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD85.61 a barrel during U.S. morning trade, climbing 0.2%.&nbsp; <br /><br />It earlier rose as much as 0.55% to trade at USD86.56 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 1-week Low After U.S. Durables Orders Jump Posted: 24 Aug 2011 08:03 AM PDT Forexpros – The pound extended losses against the U.S. dollar on Wednesday, falling to a one-week low after official data showed that U.S. orders for long lasting manufactured goods jumped in July.<br /><br />GBP/USD hit 1.6386 during U.S. morning trade, the pair&rsquo;s lowest since August 17; the pair subsequently consolidated at 1.6401, shedding 0.56%.<br /><br />Cable was likely to find support at 1.6254, the low of August 15 and resistance at 1.6533, the days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks See Modest Gains, Durable Goods Gains Posted: 24 Aug 2011 03:00 AM PDT 08/24/11 Wall Street turned positive in morning trade, extending gains for the third consecutive session. US durable goods came in above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Steady Rise For Crude On Weaker Dollar Posted: 24 Aug 2011 08:00 AM PDT 08/24/11 Front month crude prices were trading slightly higher in the AM session following another session of dxeclines for the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Higher Posted: 24 Aug 2011 07:56 AM PDT The USDJPY has pushed above the 76.62-67 area. This turns the bias back higher for the pair.  76.925, 77.00  and 77.21 are the next upside targets for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Erases Gains After Upbeat U.S. Durables Data Posted: 24 Aug 2011 07:48 AM PDT Forexpros – The euro erased gains against the U.S. dollar in volatile trade on Wednesday, pulling back from the daily high, following the release of significantly stronger-than-expected U.S. data on factory production.<br /><br />EUR/USD pulled back from 1.4482, the daily high, to hit 1.4425 during U.S. morning trade, slipping 0.09%.<br /><br />The pair was likely to find support at 1.4346, the low of August 22 and short-term resistance at 1.4499, Tuesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Three Push Multi-Divergence Example From Gold Posted: 24 Aug 2011 07:39 AM PDT What tends to happen when gold forms an intraday "Three Push" price pattern on multiple-swing negative divergences into an overhead "Round Number" price resistance level? Let's take a look at another excellent example of this important trading concept/set-up that triggered successfully at $1,800 on August 11th and just recently on August 22nd: Take a moment to review my original post: "Lessons from Gold's Three-Push Divergences into $1,800" and the follow-up lesson/explanation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Slump As Forecasts Turn Cooler Posted: 24 Aug 2011 07:34 AM PDT Forexpros – Natural gas futures were down on Wednesday, giving back some of the previous session&rsquo;s strong gains as forecasts for cooler weather in the U.S. and easing fears over a disruption to supplies in the Gulf of Mexico dragged down prices. <br /><br />On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.921 per million British thermal units during U.S. morning trade, slumping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Durable Goods Improve & Japan’s Debt Rating Gets Cut Posted: 24 Aug 2011 01:15 AM PDT 08/24/11 NYFP’s Morning Market Brief: US durable goods orders surpass expectations, Moody’s slashes Japan’s debt rating & Japan introduces a plan to cope with surging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wessex Exploration Shares Dip On Guyane Drilling Delays Posted: 24 Aug 2011 02:37 AM PDT Shares in AIM listed oil and gas company Wessex Exploration (LON:WSX) fell by 6% to 2.6p this morning on news of delays during the drilling of a well on its acreage offshore Guyane, South America. Wessex holds a 1.25% interest in the Guyane Maritime block, which is operated by Tullow Oil (LON:TLW) and includes Royal Dutch Shell (LON:RDSA) as a majority stake holder. Tullow has previously described its initial drilling target, the Late Cretaceous Zaedyus prospect, as similar to its hugely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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