Tuesday, August 9, 2011

DailyMarkets.com - Luminex A Nickel Ahead, Lifts View

DailyMarkets.com - Luminex A Nickel Ahead, Lifts View

Luminex A Nickel Ahead, Lifts View

Posted: 09 Aug 2011 12:05 PM PDT

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, reported solid second-quarter fiscal 2011 results. Earnings of 11 cents a share easily beat the Zacks Consensus Estimate of 6 cents and transcended the year-ago earnings of 2 cents. Profit skyrocketed more than five-fold year over year to roughly $4.6 million on the back of solid double-digit sales growth.
Revenues propelled 43% year over year to $47.6 million, surpassing the Zacks Consensus Estimate of $41 million. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mindray Beats, Keeps Guidance

Posted: 09 Aug 2011 12:05 PM PDT

Mindray Medical International Limited (NYSE:MR), a prominent Chinese medical devices company, reported second-quarter fiscal 2011 adjusted (excluding one-time expenses other than stock-based compensation expense) earnings per share of 42 cents, beating the Zacks Consensus Estimate of 38 cents. Reported net income climbed 6% year over year to $44.8 million (or 37 cents per share) in the second quarter.
Revenues
Sales jumped 21.2% year over year to $217.3 million, exceeding the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Vornado Realty

Posted: 09 Aug 2011 11:35 AM PDT

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported fiscal 2011 second quarter funds from operations (FFO) of $1.27 per share, which well surpassed the Zacks Consensus Estimate of $1.18. Fund from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent earnings announcement, as well as the subsequent analyst … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Aimco

Posted: 09 Aug 2011 11:35 AM PDT

Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, reported fiscal 2011 second quarter funds from operations (FFO) of 27 cents per share, which missed the Zacks Consensus Estimate by 2 cents. 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.
We cover below the results of the recent earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 09 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 Nonfarm Productivity.<br/><br/> AUD/USD was trading at 1.0170, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 0.9928, today&rsquo;s low, and resistance at 1.0754, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Card Japan Data Heist

Posted: 09 Aug 2011 11:00 AM PDT

Citigroup Inc. (NYSE:C) has again hit the headlines again for a breach of security. Personal information of 92,408 of its credit card customers in Japan is said to have been stolen and illegally sold to a third party.
Information that were stolen include account numbers, names, addresses, phone numbers, date of birth, gender as well as the opening dates of accounts. However, Citi has assured that more crucial information such as personal identification numbers and card security codes were not … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Turkey Reduces FX Lending Rates

Posted: 09 Aug 2011 10:52 AM PDT

The Central Bank of the Republic of Turkey announced a 100 basis point cut in the US dollar lending rate to 4.50% from 5.50%, and the Euro to 5.50% from 6.50%.  The interest rate changes apply to foreign exchange transactions which the Central Bank is a party to, and come into effect as of 9 August 2011.  The Bank commented: “In the upcoming period, developments regarding the foreign exchange markets will be closely monitored and necessary measures will be taken in a timely … [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: 09 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 Nonfarm Productivity.<br/><br/> NZD/USD was trading at 0.8170, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 0.7966, today&rsquo;s low, and resistance at 0.8650, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growing July Comps At McDonald’s

Posted: 09 Aug 2011 10:35 AM PDT

McDonald’s Corp. (NYSE:MCD) has posted global comparable sales growth of 5.1% in July on the back of strong beverage sales as well as core menu offerings and promotional activities. However, the fast-food chain operator witnessed a relatively downward movement on a year-over-year basis across all regions but Europe. Comparable sales growth stepped down from 7.0% in July 2010.
In the United States, comparable sales growth dipped to 4.4% from 5.7% in July 2010. The recently introduced Mango … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Macy’s

Posted: 09 Aug 2011 10:35 AM PDT

Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, is scheduled to report its second-quarter 2011 financial results before the bell on Wednesday, August 10, 2011. The current Zacks Consensus Estimate for the quarter is 47 cents a share. The Zacks Consensus estimates revenue at $5,881 million for the second quarter.
First-Quarter 2011, a Synopsis
Macy's recently posted better-than-expected first-quarter 2011 results on the heels of healthy sales, improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR-Johnny Rockets Extend POS Ties

Posted: 09 Aug 2011 10:35 AM PDT

NCR Corp. (NYSE:NCR) recently extended its business ties with Johnny Rockets Group Inc. through a point-of-sale (POS) supply deal. Related financial details were not divulged.
California-based Johnny Rockets Group is a privately held company operating restaurant chains across the world, under the name Johnny Rockets.
Per the expanded terms, NCR will supply its POS solution, RealPOS 70XRT for Johnny Rockets' owned as well as franchised restaurants. RealPOS 70XRT is among the most effective … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“It’s A Bottom-feeding Rally”

Posted: 09 Aug 2011 10:30 AM PDT

08/09/11 DME Securities’ Alan Valdes discusses today’s bounce in the equity markets and the rally in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Goes Parabolic On U.S. Downgrade

Posted: 09 Aug 2011 10:18 AM PDT

Earlier this year at the end of April, silver and it's exchange traded funds iShares Silver Trust (SLV) began to launch their booster rockets and go "parabolic" trader parlance for a vertical move upwards. The relative strength index (RSI) during that period peaked around 89. Silver hit all time highs of $50, and created a topping tail or reverse hammer, a very bearish indicator and then swan dived 20%.

GLD – Gold ETF

The fundamentals behind gold's price action are different but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Finding High (and Rising) Dividends

Posted: 09 Aug 2011 10:05 AM PDT

These may be the times that try men's souls, but this is also the sort of time when long-term investors can snatch up great bargains. What do I mean by a great bargain? A good solid company selling at a low valuation.

The reason you buy stocks is that they represent partial interest in a company. You want to own companies, because over time they make a lot of money, and they can then pay that money out to you in the form of dividends. Even with stocks that currently don't pay a dividend, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Aversion Lingers, Mixed Trade For Dollar

Posted: 09 Aug 2011 05:00 AM PDT

08/09/11 The sentiment of risk aversion still remained strong this afternoon in the forex markets on growing concerns of a deepening eurozone debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Down 0.10%

Posted: 09 Aug 2011 09:55 AM PDT

Forexpros – European stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.10%, London&rsquo;s FTSE 100 gained 1.84%, France&rsquo;s CAC 40 climbed 1.76% and the EURO STOXX 50 was up 0.31%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm productivity fell less-than-expected to a seasonally adjusted -0.3% in the last quarter from -0.6% in the preceding quarter whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tower Misses By A Penny

Posted: 09 Aug 2011 09:50 AM PDT

Tower Group Inc.'s (TWGP) second quarter 2011 operating income of 63 cents per share missed the Zacks Consensus Estimate by a penny but grew 24% year over year.
Lower-than-expected results came on the back of huge catastrophe charge, partly mitigated by higher revenues and a lower share count due to share buyback. After-tax losses from these events amounted to $4.6 million or 11 cents per share. The company did not incur any catastrophe loss (cat loss) in the prior-year quarter.
Total revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Upgrading Depomed To Outperform

Posted: 09 Aug 2011 09:35 AM PDT

Jason Napodano, CFA
Upgrading Depomed To Outperform

We are upgrading our rating on Depomed (DEPO) to 'Outperform' from 'Neutral' and maintaining our $10 price target. This has been our price target for the past year or more.

The recent selloff in equities has created significant buying opportunities around many names in our coverage list. However, Depomed, with its solid cash position ($164 million as of June 2011), two approved drugs in Glumetza and Gralise, and our confidence in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Beacon Roofing Outpaces Estimates

Posted: 09 Aug 2011 09:35 AM PDT

Beacon Roofing Supply Inc. (NASDAQ:BECN) reported a net income of 51 cents per share in the third quarter of fiscal 2011, comfortably surpassing the Zacks Consensus Estimate of 46 cents per share. Results were a remarkable improvement of 46% over the prior year quarter’s earnings of 35 cents.
Higher sales leading to higher gross margin rate, coupled with lower interest expense benefited the quarter. However, these positives were somewhat dwarfed by higher operating expenses and a higher income tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kraft Beats, Plans To Split (revised)

Posted: 09 Aug 2011 09:35 AM PDT

Kraft Foods Inc. (NYSE:KFT) posted second quarter 2011 operating EPS of $0.62 a share, ahead of the Zacks Consensus Estimate of $0.58.

Management credited the benefits of increased investments in marketing and innovation, and focus on End-to-End Cost Management for strong results in the quarter.

Revenues and Margins

Revenues in the quarter soared 13.3% to $13.9 billion, while organic growth was 7.1% driven by strong top line growth in all regions. Pricing accounted for 5.5 percentage points of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen Offers Flu Vaccination

Posted: 09 Aug 2011 09:35 AM PDT

The leading retail pharmacy chain of the US, Walgreen (NYSE:WAG), is now offering immunizations across its 7,700 stores. This also includes all Duane Reade pharmacies in New York and more than 350 Take Care Clinics. The company also informed that flu shots (priced at $31.99 without insurance) will be available daily at its pharmacies for which no appointment would be necessary.
The Center for Disease Control and Prevention (CDC) now recommends flu shots for everyone over six months of age. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HSBC To Sell U.S. Credit Card Unit

Posted: 09 Aug 2011 09:35 AM PDT

HSBC Holdings Plc (NYSE:HBC) is reportedly engaged in talks on the possible sale of its credit card business in the U.S. However, according to the company, no concrete decision regarding the transaction has been taken yet.
It was in June that HSBC's CEO Mr. Stuart Gulliver had announced that the company would shut down its $33 billion U.S. credit card unit if it is unable to find a suitable buyer. Additionally, stating that the card business was not a strategic fit for HSBC, the CEO had hinted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Copper, Equities Melt Down

Posted: 09 Aug 2011 09:18 AM PDT

Tuesday, August 9, 2011
Copper prices have taken a drubbing in recent trading sessions as a result of the downgrade of US debt and investors being dissatisfied with the government’s handling of the debt ceiling. These factors may take a toll on the global economy and come at a time when Europe is already reeling from its own debt problems. Technically, Copper has taken-out several minor support levels and now threatens more critical support at 3.90, and possibly, 3.75. If these levels are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Breaks Support Channel Support And The Trend Accelerates

Posted: 09 Aug 2011 09:15 AM PDT

Riot-Induced Slide In The Sterling Can Present Buying Opportunity (GBP/USD, GBP/JPY, GBP/AUD))

Posted: 09 Aug 2011 09:15 AM PDT

Nobody likes austerity measures, and the Brits have been taking it to the streets. Here are some pictures from guardian.co.uk for a sense of how extreme this riot has gone. In the currency markets the Sterling is getting beat up. Rioting is a sign of panic, and if the market translates this to sterling-weakness, we may get a bit of panic overselling. Let's take a look at the GBP/USD and GBP/JPY, GBP/AUD and see if there are opportunities to go long on the Sterling after today's sharp … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra Misses EPS, Top Line Increases

Posted: 09 Aug 2011 09:05 AM PDT

Sempra Energy (NYSE:SRE) announced second-quarter 2011 earnings of 97 cents per share, below the Zacks Consensus Estimate of $1.00. However, it comfortably surpassed the year-ago quarterly figure of 89 cents per share. The results were driven by contributions from utility and pipeline acquisitions.
Including a gain of $1.15 per share related to the write-up in the value of the company’s original investments in Chile and Peru (as a result of the acquisition of a controlling interest in those … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fossil Misses EPS, Grows Annually

Posted: 09 Aug 2011 09:05 AM PDT

Fossil Inc. (NASDAQ:FOSL) reported second-quarter 2011 adjusted earnings of 73 cents per share, beating the year-ago adjusted earnings of 58 cents per share by 25.9%. However, it lagged the Zacks Consensus Estimate by 2 cents.
Adjusted earnings in the reported quarter exclude a gain related to foreign currency of 7 cents per share, while the prior-year figure excludes a benefit of 22 cents related to a reduction in certain income tax liabilities. On a reported basis, earnings were flat at 80 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Viral Genetics Is Moving In The Right Direction

Posted: 09 Aug 2011 09:05 AM PDT

Grant Zeng, CFA
Viral Generics Reports On Progress

On August 3, 2011, Viral Genetics (VRAL) held a its first corporate presentation via webcast. During the webcast, the Company's CEO Mr. Haig Keledjian reviewed recent and ongoing developments at Viral Genetics and VG Energy. This webcast is also one of the moves the Company is taking to enhance shareholder communications.

According to Mr. Haig, Viral Genetics has made fundamental advancements implementing the Company’s strategic plan in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Symmetry Medical

Posted: 09 Aug 2011 09:05 AM PDT

We reaffirm our Neutral rating on Symmetry Medical (NYSE:SMA), an instrument supplier to orthopedic devices makers, following its mixed second-quarter fiscal 2011 results.
Earnings of 16 cents a share for the quarter beat the Zacks Consensus Estimate of 14 cents. Profit dipped roughly 7% year over year on account of sizable facility consolidation and employee severance charges. Sales rose 6.6% year over year, but missed the Zacks Consensus Estimate.
The Indiana-based company witnessed higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPJPY Falls With The Pound Weakness

Posted: 09 Aug 2011 08:55 AM PDT

The GBPJPY has been moving lower today with the weakness in the pound. Looking at the hourly chart, the price is within a downward channel with the next target support being the 124.48. I would expect to see profit taking/buyers against the level as the fall from the most recent move is quite steep (see 5 minute chart below).  However, with the selling heavy I would think buyers would look to trade as close to the 124.48 level as possible. This will allow them to define their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Awaits The Fed Statement… Stocks And Oil Stabilize, Bonds Fall And Gold Retraces Rally

Posted: 09 Aug 2011 08:46 AM PDT

Tuesday's open showed what futures overnight showed, that investor sentiment stabilized somewhat today following yesterday's quite historic sell off. Where it has been a one-way street towards safe haven assets such as US Treasuries, gold, and the Swiss Franc and Japanese Yen in the last two weeks, today finally showed some stabilization.
US Treasuries
US Treasuries were sold with the 2-year and 10-year yields rising a sign that investors are hoping for some stimulus pledge from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Continues Fall On Growth Concerns

Posted: 09 Aug 2011 08:42 AM PDT

The GBPUSD has continued its move lower. The pair has been under pressure with some chatter commenting on slower growth (riots and austerity having an impact) with the possibility of BOE lowering growth prospects. From a technical perspective, the price is below the 100 day MA, below the 38.2% retracement of the move up from the July low to the August high (at 1.6207) and below what was old trendline support/resistance.
On the daily chart, the next key target on the downside is the 50% of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ingersoll Sells Hussmann Stake

Posted: 09 Aug 2011 08:35 AM PDT

Ingersoll-Rand Plc (NYSE:IR) has agreed to divest a 60% stake in its Hussmann business to private equity firm Clayton Dubilier & Rice, LLC (CD&R) for cash proceeds of $370 million. The transaction is expected to close toward the end of the third quarter.
With the proceeds the company intends to accelerate its $2 billion share buyback program, which began on June 8, 2011. Management expects to repurchase 28 million-32 million shares by the end of 2011.
In addition, Ingersoll-Rand will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yahoo-Alipay Dispute Resolved

Posted: 09 Aug 2011 08:35 AM PDT

Yahoo Inc. (NASDAQ:YHOO) and Chinese e-commerce firm Alibaba Group Holding Ltd. have resolved their dispute over the abrupt transfer of Alibaba’s online-payments business Alipay, to a new entity controlled by its chief executive, Jack Ma.
Earlier in May, Yahoo had accused Alibaba of transferring the ownership of Alipay to a company owned by Jack Ma without any intimation or board approval. As the owner of around 40% of Alibaba’s stake, Yahoo found this move unacceptable. Alibaba countered the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPPGY: Grey Acquires Stake In C&G

Posted: 09 Aug 2011 08:35 AM PDT

Advertising titan, WPP plc's (NASDAQ:WPPGY) wholly-owned subsidiary, Grey has recently acquired additional shares in Campaigns and Grey Inc, thereby obtaining the majority stake in the latter's share capital. Financial terms of the transaction were not disclosed.
Since 1994, the global advertising network of Grey Group had a minority stake in Campaigns and Grey Inc. (C&G), one of the leading Philippines’ advertising agencies. C&G specializes in providing services in strategic planning, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Solid Equity Recovery Dulls Bonds Ahead Of FOMC

Posted: 09 Aug 2011 08:34 AM PDT

The intention of S&P’s downgrade on the U.S. government was to scold it for its failure to address profligate spending and deliver sufficient revenues through taxation. Just look at any of Europe’s debt-stricken economies to realize that under normal circumstances a ratings event can have catastrophic circumstances. But for the United States the unintended consequence, however, was a quarter-point reduction in the cost of borrowing in a single blow. Under its two now retired asset purchase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MGM Resorts Narrows Loss

Posted: 09 Aug 2011 08:20 AM PDT

MGM Resorts International (NYSE:MGM) reported second quarter 2011 adjusted loss of 8 cents per share narrower than the Zacks Consensus Estimate of a loss of 13 cents per share. The better-than-expected result was attributable to the expansion of the company's controlling stake from 50% to 51% in MGM China Holdings Limited when it went public on the Hong Kong stock exchange in June.
On a GAAP basis, MGM Resorts posted a net profit of $3.44 billion or $6.22 per share compared with a net loss of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Scorecard: Qualcomm Inc.

Posted: 09 Aug 2011 08:20 AM PDT

Qualcomm Inc.(NASDAQ:QCOM) reported excellent third quarter 2011 financial results, where both the earnings per share (EPS) and revenues exceeded the Zacks Consensus Estimate. The robust result was primarily attributable to the significant surge in demand for high-end 3G smartphones and tablets.
Third Quarter Highlights
Total revenue in the reported quarter was $3,623 million, up 34.2% year over year, and ahead of the Zacks Consensus Estimate of $3,550 million. On a GAAP basis, quarterly net income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Duke Realty

Posted: 09 Aug 2011 08:20 AM PDT

Duke Realty Corp (DRE) reported second quarter 2011 FFO (fund from operations) of $75.7 million or 29 cents per share, up from $40.7 million or 17 cents per share delivered in the year-ago 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. Reported FFO per share surpassed the Zacks Consensus Estimate by a penny.
We cover below the results of the recent earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Superior Industries Posts Strong 2Q

Posted: 09 Aug 2011 08:20 AM PDT

Superior Industries International Inc. (NYSE:SUP) reported a net income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter. Earnings per share comprehensively beat the Zacks Consensus Estimate of 37 cents per share. The significant upside in results was attributed to strong and stable demand for the company's products, partially offset by a decline of shipments to Toyota arising from the earthquake and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals With FOMC Decision In Focus

Posted: 09 Aug 2011 08:14 AM PDT

Forexpros – The U.S. dollar was mixed against most of its major counterparts on Tuesday, as investors awaited a Federal Reserve statement on monetary policy, which could provide hints regarding further easing measures.<br /><br />With financial markets in turmoil, expectations grew that the central bank would introduce further easing to calm investors and stimulate growth in the world&rsquo;s largest economy after it completed a USD600 billion Treasury bond-buying program … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Soar After Monday’s Selloff

Posted: 09 Aug 2011 08:00 AM PDT

08/09/11 The major equity averages recovered some of the losses from the previous session. Fed Chairman Bernanke’s statement this afternoon is in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Climb To 3-day High On Warm U.S. Weather

Posted: 09 Aug 2011 08:00 AM PDT

Forexpros – Natural gas futures were up on Tuesday, climbing to a three-day high amid increased demand expectations after weather forecasts showed that warmer-than-normal weather was forecast to return to the U.S. next week.<br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD4.003 per million British thermal units during U.S. morning trade, gaining 0.98%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mary Meeker Audits USA, Inc. Recommended

Posted: 09 Aug 2011 07:39 AM PDT

In the course of a conversation yesterday with one of the wisest men I know, I remarked that the issues our nation faces are not political but rather mathematical.
The debate in Washington that put a choke hold on our nation, our economy, and our markets took partisan bickering to an entirely new level and focused on the politics.
In the true spirit of 'sense on cents' let's focus on the numbers and reduce our issues and our problems into simple math. In the process, I hope we are all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Safe Haven, Yes. Testing Key Support Though

Posted: 09 Aug 2011 07:34 AM PDT

The USDCHF has continued to be a safe haven with once again new lows being made. The pair, however, has tested what is channel support at the 0.7357 level and being able to define risk gives traders the confidence to take profit and/or buy the dip (in the face of the trend). What traders are hoping for is a corrective rebound higher for the pair, with a target initially at the 0.74478 level which corresponds with the 38.2% of the days trading range.  The 100 bar MA on the 5 minute chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Falls To 2-day Low On Weak U.K. Data, Fed Eyed

Posted: 09 Aug 2011 07:33 AM PDT

Forexpros – The pound turned lower against the U.S. dollar on Tuesday, falling to a two-day low after official data showed that manufacturing production declined unexpectedly in June, while investors awaited a Federal Reserve statement on monetary policy.&nbsp; <br /><br />GBP/USD hit 1.6266 during U.S. morning trade, the lowest since August 5; the pair subsequently consolidated at 1.6294, slipping 0.15%.<br /><br />Cable was likely to find short-term support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Up Against U.S. Dollar As Fed FOMC Decision Eyed

Posted: 09 Aug 2011 07:24 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Tuesday, recouping some of the previous day&rsquo;s sharp losses, as the greenback was weighed by prospects of further monetary easing by the Federal Reserve.<br /><br />EUR/USD hit 1.4287 during U.S. morning trade, the daily high; the pair subsequently consolidated at 1.4252, gaining 0.51%.<br /><br />The pair was likely to find support at 1.4054, the low of August 5 and a two-week low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Slightly Higher On Equity Rebound

Posted: 09 Aug 2011 02:15 AM PDT

08/09/11 In another choppy trading session led by OPEC deciding to cut its global forecast for the year, front month crude prices were narrowly in the green this morning during NYMEX floor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 09 Aug 2011 01:15 AM PDT

08/09/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening bell. Topics include the FOMC minutes, a rise in Chinese inflation, and another high in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charles Butler On A Winning Run At Netplay TV

Posted: 09 Aug 2011 04:37 AM PDT

When Charles Butler took on the role of chief executive at Netplay TV (LON:NPT) last November he was immediately faced with turning around the fortunes of the interactive gaming group. In 10 years on London's Alternative Investment Market Netplay TV has evolved from selling telephone and online information services to establishing a niche position in the UK's gambling sector. In its first set of half-year results since Butler's appointment, the company moved back in to profitability … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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