Friday, August 26, 2011

DailyMarkets.com - Irene Set To Hit Airlines Hard

DailyMarkets.com - Irene Set To Hit Airlines Hard

Irene Set To Hit Airlines Hard

Posted: 26 Aug 2011 07:35 AM PDT

U.S. Airlines Industry, already suffering from the current market volatilities including rising fuel prices, braces for another catastrophe called Hurricane Irene.
Hurricane Irene poses a serious threat to this crippling industry as it is expected to cause severe damage to the northeastern U.S. National Hurricane Center has already issued warnings regarding Irene, a Category 3 storm with wind speeds of approximately 115 miles per hour, coming from the Bahamas and expected to hit the U.S. East … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regis Tops, Reaffirms Outlook

Posted: 26 Aug 2011 07:35 AM PDT

Regis Corporation (NYSE:RGS) reported fourth quarter 2011 adjusted earnings of 37 cents per share, surpassing the Zacks Consensus Estimate of 30 cents per share as well as the prior-year quarter earnings of 34 cents per share.
During the quarter, the company reported GAAP net loss of $16.4 million or 29 cents per share, well below the net income of $18.3 million or 30 cents per share posted in the year-ago quarter.
In fiscal year 2011, adjusted earnings were $1.16 as against $1.30 in the prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Falls Sharply On No QE. Stocks Down

Posted: 26 Aug 2011 07:13 AM PDT

In volatile trade the EURUSD fell sharply on the back of no new QE and a stock market that is down 178 points now.
The price has moved below the support against the 200 hour MA a(green line) t the 1.4396 area. This level is also trendline support from the August 11th low.  The market will be watching this level on any correction higher. If the price can remain below, the bears remain in charge. 
Markets are still volatile and will likely remain so as the stock market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bernanke Boosts USD, No New Easing

Posted: 26 Aug 2011 07:10 AM PDT

Market jumped in favor of the USD after Bernanke's speech was released in electronic form, though the initial move was pared aggressively. We did not hear any move towards more easing, which may disappoint equities, and therefore help the USD in some risk aversion trade.
From MarketWatch: "Federal Reserve Board Chairman Ben Bernanke on Friday put off a lengthy discussion of the easing options available to the central bank until the next Federal Open Market Committee meeting late next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toll Brothers Misses Profit Estimate

Posted: 26 Aug 2011 07:05 AM PDT

Toll Brothers Inc. (NYSE:TOL) reported a net income of $42.1 million or 25 cents per share during the third quarter of fiscal 2011 compared with a net income of $27.3 million or 16 cents per share in the year-ago quarter. Reported income in the 2011 quarter included a tax benefit of $38.2 million and that in the 2010 quarter included a tax benefit of $26.5 million.
Excluding the tax benefits, adjusted income in the quarter was $3.9 million or 2 cents per share, a penny lower than the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Safe Systems Opts For EMC

Posted: 26 Aug 2011 07:05 AM PDT

EMC Corp. (NYSE:EMC) announced that it will be providing its expertise on virtualized environment to Safe Systems Inc., a service provider for financial institutions, in an attempt to better serve the latter's clients. The financial institution will be using the private cloud computing model through the virtualization of its IT infrastructure.
EMC was chosen ahead of the likes of NetApp Inc. (NASDAQ:NTAP) and Hewlett Packard Co. (NYSE:HPQ) for the total virtualization of Safe Systems' managed and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 26 Aug 2011 06:50 AM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> NZD/USD was trading at 0.8350, up 0.94% at time of writing.<br/><br/> The pair was likely to find support at 0.8164, Monday&rsquo;s low, and resistance at 0.8368, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Gains After Disappointing GDP, Falls Ahead Of Bernanke

Posted: 26 Aug 2011 06:48 AM PDT

Fundamental Headlines
• Bernanke Scholar Advises Bernanke Fed Chief – Bloomberg
• S&P Pushes Back at Blame for Rating Turmoil – Bloomberg
• Fed Policymaker says QE is 'Most Potent Weapon' – Financial Times
• Kan Exit Opens Way for New Japan PM – Financial Times
• Greece Sets Out Conditions for Bond Swap – WSJ
Pre-North American Session Summary
The risk basket was mixed in the overnight session, with the Japanese Yen as the strongest performing currency and the Swiss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Rallys Slowly And Fall Quickly

Posted: 26 Aug 2011 06:39 AM PDT

 The USDJPY spent a few days moving from level to level – slowly but surely. The price reached and surpassed the 38.2% of the move down from the intervention high reached on August 4th at 77.54.  A higher reached 77.65 and when the price moved back below the 38.2% level, the selling was on.  From there ther price moved from level to level (see chart above) in a trending  move.
The 5 minute chart below shows the acceleration of the decline.  The support target comes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral View On AmerisourceBergen

Posted: 26 Aug 2011 06:35 AM PDT

We recently reiterated our Neutral recommendation on AmerisourceBergen Corporation (NYSE:ABC) with a target price of $40.00.
Over the last several years, the company has been benefiting from the growth of the pharmaceutical industry in the US. We believe AmerisourceBergen should continue to benefit from growth in the pharmaceutical industry, which is driven by several factors like aging population, increased use of generics, introduction of new treatments, increased use of drug therapies and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Bank Of America, Compass Diversified Holdings, Hormel Foods, Renaissance Learning, Urban Outfitters, Valmont Industries

Posted: 26 Aug 2011 06:35 AM PDT

    Hormel Foods (NYSE:HRL) reported Q3 EPS of $0.37, beating the Zacks Consensus Estimate of $0.35. Revenues for the quarter rose 10.4% to $1.91 billion, exceeding the Zacks Consensus Estimate of $1.881 billion

    Compass Diversified Holdings (NASDAQ:CODI) said that it has recently acquired a controlling interest in CamelBak Products. CamelBak is credited with the invention of the hands-free hydration category and the company is the global leader in personal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GDP Growth Revised Down

Posted: 26 Aug 2011 06:35 AM PDT

Even as the East Coast gets ready to face Irene, all eyes will be on Ben Bernanke as he delivers his highly anticipated speech at the Fed’s annual Jackson Hole confab. But while Bernanke’s speech is the most important item on the market’s agenda today, we also saw a negative revision to the second quarter GDP report this morning.

The GDP growth rate was revised down to 1% from the originally reported 1.3%; the expectation was for the growth rate to come down to 1.1%. The headline miss … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Unveils New Cloud Solution

Posted: 26 Aug 2011 06:35 AM PDT

International Business Machines Corp.(NYSE:IBM) has unveiled its new hybrid cloud solution that is capable of managing and connecting public and private clouds securely for its clients.
Hybrid cloud is a composition of two or more clouds (private, community, or public) that are bound together but have distinctive characteristics, offering the benefits of multiple operation models to its users. Through this new offering from IBM, organizations will now be better equipped to handle the hybrid cloud … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US GDP Revised Downward, But Mainly On Trade, Inventories

Posted: 26 Aug 2011 06:32 AM PDT

US 2nd quarter GDP was revised downward to show a 1% annualized gain, compared to the originally reported 1.3% in the advance release.
The downward revision was mainly attributed to weaker exports as well as a smaller build-up in inventories.

From the chart above of the US trade balance we see the deterioration over the 2nd quarter as the trade deficit widening out in May and June, a negative to growth.

The drop in inventories – businesses added $40.6 billion, down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 26 Aug 2011 06:25 AM PDT

Forexpros – The Euro was higher against the Swiss Franc on Friday after the release of U.S. data on GDP.<br/><br/> EUR/CHF was trading at 1.1446, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.1257, Monday&rsquo;s low, and resistance at 1.1519, Thursday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 26 Aug 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Caution

Posted: 26 Aug 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 26 Aug 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails

Posted: 26 Aug 2011 06:23 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ben Bernanke Address, Japanese Prime Minister Resigns & GDP Revised Downward

Posted: 26 Aug 2011 06:15 AM PDT

08/26/11 NYFP’s Morning Market Brief: Ben Bernanke’s speech in Jackson Hole, Japanese Primie Minister Naoto Kan resigns, & 2Q GDP gets revised … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Corporate Profits Surge To Record High In Q2

Posted: 26 Aug 2011 06:14 AM PDT

Corporate profits in the second quarter (both nominal and inflation-adjusted) reached all-time record highs during the April-May period of this year, according to today’s BEA report on GDP and corporate profits for the second quarter (see chart above).  Real GDP growth in the second quarter was revised down from the previous estimate of 1.3% to 1%, based on more complete data. While overall economic growth remains weak as measured by real GDP, the record level of corporate profits shows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Flexes Muscles Before Bernanke Pep-talk

Posted: 26 Aug 2011 06:09 AM PDT

Earlier losses for the dollar were reversed in early New York trading ahead of Friday's long-awaited pep-talk by Fed Chief Bernanke. However, very few analysts expect his words to set the world alight in Jackson Hole. Last year the announcement of the Fed's preparedness to act if conditions worsen was taken as a clear sign that QE2 was coming. That hint snowballed in to a series of discussions among economists and even a survey from the New York Fed polling treasury dealers on what size … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HON’s UOP C3 Oleflex Tech In China

Posted: 26 Aug 2011 06:05 AM PDT

Honeywell International Inc.'s (HON) group company UOP LLC received a contract from Jiangsu Haili Chemical Industry Co. Ltd. to provide key technologies at its facility in Dafeng City, Jiangsu Province, China for the production of propylene, cumene and phenol.
UOP's UOP C3 Oleflex™ process technology will be used by Jiangsu Haili's facility for the conversion of propane to propylene, a substance used in the production of films and packaging and similar type of other materials. Further, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Motorola Solutions To Outperform

Posted: 26 Aug 2011 06:05 AM PDT

We upgrade our recommendation on Motorola SolutionsInc. (MSI) to Outperform. The company reported excellent financial results for the second quarter of 2011. Both top line and bottom line beat the Zacks Consensus Estimates. The company is a market leader in the lucrative U.S. Public Safety market. Whilet he federal budgetary pressures are anticipated to continue, the state and local level agencies have become major growth driver for Motorola Solutions.

We expect LTE expansion of public … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD In Yet Another Triangle Breakout Attempt To The Upside

Posted: 26 Aug 2011 05:46 AM PDT

Previous: After Failed Triangle Breakout to the Upside, USD/CAD Slides Back into a Larger Triangle (8/25)
USD/CAD

We have been seeing the USD/CAD in triangle patterns in the 1H and 4H charts in all of our recent updates. Breaks were always to the upside, but were short-lived. In fact, Thursday's price action was pullback after a failed triangle breakout to the upside in the 1H time-frame. (See previous report).
After the slide was rejected from 0.9791, it rallied also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 26 Aug 2011 05:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> EUR/USD was trading at 1.4408, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, Thursday&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. GDP Rises Less-than-expected

Posted: 26 Aug 2011 05:40 AM PDT

Forexpros – Gross domestic product in the U.S. rose less-than-expected in the last quarter, preliminary official data showed on Friday.<br/><br/>In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 1.0%, from 1.3% in the preceding quarter.<br/><br/>Analysts had expected U.S. gross domestic product to rise 1.1% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH Network Still Neutral

Posted: 26 Aug 2011 05:35 AM PDT

DISH Network Corp. (NASDAQ:DISH) reported mixed financial results for the second quarter of 2011. The company lost massive net subscribers in the last quarter. Despite this, we remain optimistic for DISH in the long term due to several reasons: (1) re-branding itself as a premier tier pay-TV operator (2) management decision to install a two-way hybrid satellite-terrestrial broadband network that will enable the company to offer transaction based video-n-demand and high-speed Internet services.
DISH … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Freeport In Trouble With Union

Posted: 26 Aug 2011 05:35 AM PDT

Freeport-McMoRan Copper & Gold Inc.’s (NYSE:FCX) Indonesian workers intend to go on another strike at its huge Grasberg mine in the coming days after it failed to reach an agreement with the company’s management.
Earlier, Freeport and its Grasberg copper-gold mine in Indonesia agreed to extend talks on labor contract terms with its workers till August 26, but it reached a deadlock.
Freeport and Grasberg mine's labor union has been in talks since July 20 after approximately 8,000 workers went … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tracking Along The Technical Path Before Bernanke

Posted: 26 Aug 2011 05:30 AM PDT

The EURUSD has moved off of the high in early NY trade and has tested the technical path that the traders have blazed in the recent trading on both the upside and the downside so far today.
The low reached in the NY session has so far bounced off the 200 hour MA (green line) and the upward sloping trendline which extended up from the August 11th low.  Earlier, the price tested, then fell below, the 100 hour MA (blue line) and another trendline developed over the last 4 days of trading. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Rejects Slow Rally At 1.6340; Bearish Push Targets The 1.6205, 1.6110

Posted: 26 Aug 2011 05:25 AM PDT

Prev: GBP/USD Could Go Back to Ranging Mode if It is Held Below 1.63 (8/25)
GBP/USD

The GBP/USD rallied from 1.6260 to 1.6340 before finding resistance just ahead of the US session.
A strong push to the downside then engulfed all the correction rally candles from the Asian-Early-European sessions.
This suggests bearish continuation. The market's ability to stay away from the previous consolidation zone just above, and the ability to push sharply downwards maintains the bearish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Boston’s Sneaker Truck

Posted: 26 Aug 2011 05:22 AM PDT

Food trucks have become popular in Boston, and one of its local favorites, Roxy’s Gourmet Grilled Cheese food truck, is competing with seven other food trucks around the country for the national title in the second season of The Food Network’s “Great Food Truck Race.” 

The success of food trucks might be just the first wave of mobile retailing to sweep the nation, followed by many more offerings of consumer goods being sold from a truck?  For example, the latest rolling retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pandora’s Revenue Top Estimates

Posted: 26 Aug 2011 05:00 AM PDT

08/25/11 Online radio service Pandora reported its first earnings report since going public. The company’s revenue more than doubled, while its net loss of 4 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment