DailyMarkets.com - Revenues Rise At Allos, Awaits Merger

---

• Revenues Rise At Allos, Awaits Merger
• PerkinElmer Sails Past Estimates
• Microchip Misses By A Penny
• Williams Partners Beats Bottom Line
• Plains E&P Sweeps Past Estimates
• P&G Ahead Of Estimates
• U.S. Stocks See-saw In Mid-day Trade; Dow Up 1%
• Q2 Results Solid
• Major Hurdle Cleared With ISO Certification
• EOG Resources Outperforms
• Energy Transfer Misses, Grows Y/Y
• Cincinnati Bell Falls A Penny Short
• Forex Trading: EURUSD Moves Toward Resistance Targets
• “Zero Positive Info…to Propel Bulls To Start Running”
• After The Swoon, Capitulation Trade Opportunities Amid Surprisingly Decent Jobs Numbers
• Forex – EUR/USD Climbs In U.S. Trade On ECB Bond Buys
• Ocwen Misses Estimates
• Torchmark Reiterated At Neutral
• European Markets Close Lower; Dax Down 2.78%
• Washington Post Beats Estimate
• Health Net Beats On Bottom Line
• BCE Beats On CTV Acquisition
• Alliant Beats, Guides Fiscal 2012
• Pepco Beats EPS, Lags On Revs
• First Solar Disappoints
• Public Storage Beats Estimates
• AIG Misses, Rebound To Come
• Forex – Dollar Falls In Early U.S. Trade
• Yields In Flux As Gyrating Equities Ignore Jobs Report
• Forex – EUR/USD Up At The End Of European Session
• Big Eight Computer Reported Huge Profits In Q2
• WNR Profit Soars, But Misses View
• USD/CAD Cracking Critical Resistance
• Historic Sell Off – Historic Indicator Readings
• Denny’s In Line, Comps Turn Around
• Forex – GBP/USD Up Toward The End Of European Session
• Australian Dollar: Technical Rebound In A Bearish Trend
• Canadian Dollar: Technical Rebound In A Bearish Trend
• Word From The Floor: US Stocks Erase Morning Gains
• Forex – USD/JPY Down On Economic Data
• NFP Data Stems Negative US Data-Stream, But Relief Should Be Short Lived
• Crude Decline Continues On Debt Crisis Concerns
• Unemployment Report August 5, 2011: “Discouraging”
• Morning Market Brief
• Barney Gray Of Old Park Lane Capital Talks Oil, Liquidity And Range Resources
• Vectura Agrees New Licensing Deal With Sandoz For Asthma Treatment

Revenues Rise At Allos, Awaits Merger Posted: 05 Aug 2011 12:00 PM PDT Allos Therapeutics Inc.'s (NASDAQ:ALTH) second quarter 2011 earnings of $0.02 compared favorably with the loss of $0.19 per share incurred in the year-ago quarter. A surge in revenues led to the profit in the second quarter of 2011. The Zacks Consensus Estimate hinted at a loss of $0.14 per share. Quarterly Results Total revenues in the reported quarter climbed to $39.1 as opposed to $7.9 million in the year ago quarter. The massive jump was attributable to the presence of $28.1 million in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PerkinElmer Sails Past Estimates Posted: 05 Aug 2011 12:00 PM PDT PerkinElmer (NYSE:PKI) reported second-quarter fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 42 cents, sailing past the Zacks Consensus Estimate of 40 cents and the year-ago earnings per share of 33 cents. The results surpassed the company's prior guidance of 38–40 cents. Net income from continuing operations (as reported) dropped 50.5% year over year to $28.6 million (or 25 cents a share) in the reported quarter from $57.6 million (or 40 cents a share) in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Microchip Misses By A Penny Posted: 05 Aug 2011 11:35 AM PDT Microchip Technology Incorporated (NASDAQ:MCHP) reported net revenues of $374.5 million in the first quarter of fiscal 2012, down 1.4% sequentially but up 4.9% year-over-year. The results were in-line with the preliminary results released by the company in July. Management stated that the company saw broadbased weakness in business due to a number of factors. The automotive business was down significantly from the March 2011 quarter due to lower automotive production activities including supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Williams Partners Beats Bottom Line Posted: 05 Aug 2011 11:35 AM PDT Williams Partners L.P. (NYSE:WPZ) has registered second-quarter 2011 earnings of 91 cents per limited-partner unit, which surpassed the Zacks Consensus Estimate of 85 cents. The quarter's results also improved almost 38% from the year-ago profit of 66 cents per unit. Higher natural gas liquid (NGL) margins in its midstream business and higher fee-based revenue led to the significant year-over-year improvement. Total revenue increased 19% year over year to $1,671 million, but failed to meet the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plains E&P Sweeps Past Estimates Posted: 05 Aug 2011 11:35 AM PDT Plains Exploration & Production Co. (NYSE:PXP) posted second-quarter 2011 operating earnings of 54 cents per share, beating the Zacks Consensus Estimate of 52 cents and the year-ago profit of 26 cents. The company excelled in the quarter due to higher production levels as well as better price realizations. Operating Results Net revenues of $514.8 million grew 41.2% from $364.6 million in the year-ago quarter. Oil revenues increased about $123 million reflecting higher average realized prices, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

P&G Ahead Of Estimates Posted: 05 Aug 2011 11:35 AM PDT Procter & Gamble Co. (NYSE:PG) reported modest results for the fourth quarter of 2011. Net earnings from continuing operations were 84 cents a share, up 18.0% year-over-year, and two pennies above the Zacks Consensus Estimate of 82 cents. Profits were driven by sales growth and operating margin expansion. Earnings for the full year 2011 went up 11% year over year fuelled by sales growth and a lower effective tax rate to $3.93 per share. The full year earnings matched Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stocks See-saw In Mid-day Trade; Dow Up 1% Posted: 05 Aug 2011 11:08 AM PDT Forexpros – Wall Street shares teetered between mild losses and modest gains in mid-day trade Friday, encouraged by better-than-expected unemployment figures and reports of European Central Bank movement to assist debt-threatened member Italy.<br /><br />In mid-day U.S. trade, the Dow Jones Industrial Average rose 1.06% to 11,504,&nbsp; the Nasdaq Composite Index added 0.12% to 2,559 and the S%P 500 advanced 0.77% to 1,210.<br /><br />Early in the session, the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q2 Results Solid Posted: 05 Aug 2011 11:05 AM PDT Brian Marckx, CFA Q2 2011 Financial Results… Chembio Diagnostics (CEMI) reported financial results for the second quarter ending June 30, 2011 on August 4th.  Revenue of $3.61 million was about 4% below our $3.78 million estimate.  The difference almost entirely attributable to lower than modeled product sales ($3.33 MM  E vs. $2.97MM A).  While DPP sales to FIOCRUZ handily beat our estimate ($275k E vs. $848k A), this was more than offset by softer than expected revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Major Hurdle Cleared With ISO Certification Posted: 05 Aug 2011 11:05 AM PDT Brian Marckx, CFA Major Hurdle Cleared With ISO Certification Verisante Technology (VRS) announced in late July that they obtained ISO 13485:2003 certification for manufacture of medical devices.  As we have detailed in our coverage of Verisante, successfully gaining ISO certification was the most significant near-term milestone to gaining regulatory approval of Aura in Canada, Europe and Australia – the expected initial markets for their skin cancer detection device. With the ISO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EOG Resources Outperforms Posted: 05 Aug 2011 11:05 AM PDT EOG Resources Inc. (NYSE:EOG), a major independent oil and gas exploration and production company, has reported stellar adjusted second-quarter 2011 results on the back of almost 50% crude oil production growth. Quarterly adjusted earnings of $1.11 per share topped the Zacks Consensus Estimate of 79 cents and showed a substantial improvement from 18 cents earned in the year-earlier quarter. Total revenue registered a substantial jump of 89.3% year over year to $2,570.3 million, and exceeded the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Energy Transfer Misses, Grows Y/Y Posted: 05 Aug 2011 10:50 AM PDT Pipeline operator Energy Transfer Partners L.P. (NYSE:ETP) announced disappointing second quarter 2011 results, hurt by lower natural gas volumes and higher operating expenses. The owner of the biggest intrastate pipeline system in Texas reported earnings per unit of 19 cents, which came in way below the Zacks Consensus Estimate of 30 cents. However, earnings improved remarkably from the year-ago loss of 26 cents.   Quarterly revenues of $1,628.1 million missed our projection of $1,787.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Bell Falls A Penny Short Posted: 05 Aug 2011 10:35 AM PDT Telecom services provider Cincinnati Bell Inc. (NYSE:CBB) has reported second quarter adjusted earnings of 7 cents per share, missing the Zacks Consensus Estimate by a penny and deteriorating 4 cents from the year-ago earnings. Revenues grew 8.5% year over year to $367.5 million in the reported quarter but was below the Zacks Consensus Estimate of $357 million. The increase in revenue was driven by higher Data Center Colocation as well as IT Services and Hardware revenues, partially offset by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Toward Resistance Targets Posted: 05 Aug 2011 10:30 AM PDT The EURUSD has moved higher with word out of Italy that they will speed of austerity, introduce balanced budget, etc. and this opens the door up for aid in the form of ECB bond buying support.   The price of the EURUSD has moved toward key topside resistance which starts at trendline resistance in the 1.4291 area. The 61.8% of the move down from the weeks high comes in at the 1.4300 level. Finally, the 200 hour MA comes in at 1.4305.  These levels should provide some profit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Zero Positive Info…to Propel Bulls To Start Running” Posted: 05 Aug 2011 10:25 AM PDT 08/05/11 LandColt Trading’s Todd Schoenberger weighs in on the US jobs report and volatility in the equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

After The Swoon, Capitulation Trade Opportunities Amid Surprisingly Decent Jobs Numbers Posted: 05 Aug 2011 10:17 AM PDT by Raghu Gullapalli, SmartStops contributor .     originally published at Minyanville: Capitulation Buy Set Up: The S&P 500  Everyone and their day trading mother is firmly of the belief that tomorrow's job number will be a disappointment and that the market will continue its death spiral. But on the off chance fate's fickle hand intervenes and decides to screw with the short sellers it may pay to be prepared.  One scenario that may play out is a classic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Climbs In U.S. Trade On ECB Bond Buys Posted: 05 Aug 2011 10:13 AM PDT Forexpros – The euro gained ground against the U.S. dollar Friday, a day after the European Central Bank restarted its bond purchase program, and finance ministers scrambled to secure a deal on a bailout fund for debt threatened euro-zone members. <br /><br />EUR/USD hit 1.4076 during early U.S. trade, the pair&rsquo;s lowest since July 17; the pair subsequently consolidated at 1.4269, adding 1.2%.<br /><br />The pair was likely to find support at 1.4186, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ocwen Misses Estimates Posted: 05 Aug 2011 09:55 AM PDT Ocwen Financial Corporation (NYSE:OCN) reported second quarter 2011 earnings of 25 cents per share, missing the Zacks Consensus Estimate by 2 cents. However, this compares favorably with the prior-year quarter earnings of 23 cents. The results for the reported quarter excluded $0.5 million expenses related to the Litton acquisition, along with $0.7 million of incremental amortization of upfront fees and original issue discount on its Senior Secured Term Loan (SSTL) related to the final prepayment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Torchmark Reiterated At Neutral Posted: 05 Aug 2011 09:55 AM PDT We are reiterating our Neutral recommendation on the shares of Torchmark Corp. (NYSE:TMK) following the second quarter 2011 results. The company posted core operating earnings of $1.14 per share, a dime ahead of the Zacks Consensus Estimate. Torchmark markets its policies through different subsidiaries including Liberty National Life, American Income Life Insurance, United Investors Life Insurance, United American Insurance, as well as Globe Life and Accident Insurance. The American Income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 2.78% Posted: 05 Aug 2011 09:55 AM PDT Forexpros – European stocks were down after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 2.78%, London&rsquo;s FTSE 100 shed 2.53%, France&rsquo;s CAC 40 declined 1.26% and the EURO STOXX 50 was down 1.54%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K last month, from 46K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Washington Post Beats Estimate Posted: 05 Aug 2011 09:35 AM PDT The Washington Post Company (NYSE:WPO) recently posted second-quarter 2011 results. The quarterly earnings of $5.92 per share marked a substantial decrease from $11.04 delivered in the prior-year quarter due to sluggishness witnessed in the students' enrollment and weak advertising demand. However, the quarterly earnings surpassed the Zacks Consensus Earnings Estimate of $5.87 per share. On a reported basis, including one-time items, quarterly earnings came in at $5.74 per share, reflecting a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Net Beats On Bottom Line Posted: 05 Aug 2011 09:35 AM PDT Health Net Inc. (HNT) reported second-quarter GAAP income of $58.3 million or 63 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents. The income was also higher than $45.1 million or 45 cents earned in the prior-year quarter. The reported quarter included a $21.0 million pre-tax loss related to the run-out of the company's remaining North-East operations and $3.3 million pre-tax expenses related to the company's administrative cost reduction efforts. Health Net’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BCE Beats On CTV Acquisition Posted: 05 Aug 2011 09:35 AM PDT Canada's largest telephone operator BCE Inc. (NYSE:BCE) has reported second quarter 2011 adjusted earnings per share of 89 cents per ADS (86 Canadian cents), which surpassed the Zacks Consensus Estimate of 85 cents. Earnings climbed 11.4% from 78 Canadian cents in the year-ago quarter attributable to higher EBITDA, lower pension costs and gains related to share-based compensation plan, partly offset by higher depreciation expense and lower tax adjustments and increased interest expense related … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alliant Beats, Guides Fiscal 2012 Posted: 05 Aug 2011 09:35 AM PDT Alliant Techsystems Inc. (NYSE:ATK) reported fiscal first quarter 2012 adjusted earnings of $2.02 per share, pushing ahead of the Zacks Consensus Estimate of $1.98. Results were however, lower than the year-ago earnings of $2.24. Cost containment measures coupled with focus on efficiency improvements led to the better-than-expected numbers in the quarter. Including 11 cents tax benefit, the company reported earnings of $72 million or $2.13 per share, compared with $75 million or $2.24 per share in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepco Beats EPS, Lags On Revs Posted: 05 Aug 2011 09:35 AM PDT Pepco Holdings Inc. (NYSE:POM) reported second quarter 2011 earnings from continuing operations of 42 cents per share, beating the year-ago figure by 8 cents and the Zacks Consensus Estimate by 11 cents. The year-over-year growth stemmed from higher distribution revenue, increased default electricity supply margins, lower interest expense, and favorable income tax adjustments. Total Revenue Total revenue of the company at the end of the second quarter was $1.4 billion, down 13.9% from $1.63 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Solar Disappoints Posted: 05 Aug 2011 09:35 AM PDT First Solar Inc. (NASDAQ:FSLR) reported second quarter 2011 results with earnings per share of 70 cents, considerably below the Zacks Consensus Estimate of 93 cents and the year-ago figure of $1.33 per share. The downside reflects lower average selling prices (''ASPs'') and increased investment in the Utilities Systems business and research and development. Operational Performance First Solar's quarterly revenues were $532.8 million, down from the year-ago revenue of $587.9 million. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Public Storage Beats Estimates Posted: 05 Aug 2011 09:35 AM PDT Public Storage (NYSE:PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported second quarter 2011 FFO (funds from operations) of $1.39 per share, compared with $0.92 in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding several non-recurring items, FFO for second quarter 2011 was $1.43 per share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG Misses, Rebound To Come Posted: 05 Aug 2011 09:05 AM PDT American International Group Inc. (NYSE:AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to the U.S. Treasury Department on January 14, 2011. However, operating income of $1.3 billion increased 60.9% from $793 million in the year-ago quarter. On a GAAP basis, AIG reported a net income of $1.8 million or $1.00 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Falls In Early U.S. Trade Posted: 05 Aug 2011 09:05 AM PDT Forexpros – The U.S. dollar extended losses against its major counterparts Friday, a day after all three benchmark U.S. stock indexes sank into the red for the year, and promising labor data did little to quell fears of a slowdown in global economic growth.<br /><br />In early U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.58% to hit 1.4176.<br /><br />The U.S. Labor Department reported Friday that unemployment fell to 9.1% in July from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yields In Flux As Gyrating Equities Ignore Jobs Report Posted: 05 Aug 2011 09:02 AM PDT Treasury yields rose following an employment report that spared investors yet another day of fire sales for equities. On Thursday the treasury yield curve fell with three-month bills yielding a big-fat zero, two-year yields at a record low while the benchmark 10-year fell to match its pre-QE2 panic low at 2.33% of October 2010. The revision to June labor market data is comforting and the addition of more than forecast jobs in the July report is proof that the economy actually has some traction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 05 Aug 2011 09:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4154, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Big Eight Computer Reported Huge Profits In Q2 Posted: 05 Aug 2011 08:53 AM PDT Big 5 – Q2 2011 Sales (b) Profits (b) Profit Margin Tax Rate Exxon $125,486 $10,898 8.68% 41.47% Shell $124,562 $8,759 7.03% 41.19% Chevron $68,948 $7,760 11.25% 41.24% BP $103,848 $5,620 5.41% 35.10% ConocoPhillips $65,627 $3,402 5.18% 44.91% Totals ($) / Avg. (%) $488,471 $36,439 7.46% 40.80% Big 8 – Q2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WNR Profit Soars, But Misses View Posted: 05 Aug 2011 08:50 AM PDT Oil refiner and marketer Western Refining Inc. (WNR) came out with weaker-than-expected second-quarter results, reflecting lower refinery throughput. The company reported earnings per share of 94 cents, versus the Zacks Consensus Estimate of $1.16. However, the El Paso, Texas-headquartered downstream operator improved considerably from the second-quarter 2010 profit of 16 cents per share amid higher refining margins. Net sales of $2.6 billion were up 19.2% from the year-ago level and also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Cracking Critical Resistance Posted: 05 Aug 2011 08:48 AM PDT Previous: USD/CAD At a Resistance Cluster (8/3) USD/CAD Strong Attack at 0.98: - There is resistance just above 0.98, with the 200SMA and a declining resistance. - The market slowed down today after accelerating upwards yesterday to attack this area. - The RSI is above 60, and has killed the bearish momentum. - A pullback in a bullish scenario is unlikely to break below 0.9680 area. Staying above 0.97 would bode well for the bullish scenario. - The next level of resistance is near 0.9915, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Historic Sell Off – Historic Indicator Readings Posted: 05 Aug 2011 08:46 AM PDT Click on the chart to ENLARGE As discouraging as the current market is for those long stocks, including myself, I think a look back at history should bring some comfort when all appears hopeless. The current reading of the True Strength Index (TSI) indicator on the daily chart of the Standard and Poors 500 (SP-500) is -0.84. I have looked back at the TSI readings for each day beginning Jan 1, 1990. There were, in those 21 years, only 3 days that the TSI reading was as bad or worse – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Denny’s In Line, Comps Turn Around Posted: 05 Aug 2011 08:35 AM PDT Denny's Corporation (NASDAQ:DENN) recently reported second quarter 2011 earnings of 8 cents per share, in line with the Zacks Consensus Estimate. Quarterly earnings were higher than the year-ago level of 5 cents. Total revenue nudged up 0.5% year over year to $135.9 million. However, total revenue trailed the Zacks Consensus Estimate of $137 million. Performance Highlights During the quarter, sales at company-operated restaurants dipped 1.2% year over year to $104.0 million. Franchise and license … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 05 Aug 2011 08:35 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6383, up 0.78% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, Tuesday&rsquo;s low, and resistance at 1.6476, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Technical Rebound In A Bearish Trend Posted: 05 Aug 2011 08:18 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: 05 Aug 2011 08:17 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Erase Morning Gains Posted: 05 Aug 2011 07:56 AM PDT 08/05/11 Wall Street gave up earlier gains, that came on the better-than-expected US jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down On Economic Data Posted: 05 Aug 2011 07:40 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 78.47, down 0.52% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Monday&rsquo;s low, and resistance at 80.24, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NFP Data Stems Negative US Data-Stream, But Relief Should Be Short Lived Posted: 05 Aug 2011 07:30 AM PDT After a weak of bad economic US reports, we finally had a better than expected release in July's non-farm payroll. That can help put a floor under the recent falls in equities and spark some relief in risk sentiment, which in currency markets means a move towards higher yielders and commodity currencies and away from safe havens. Here is a breakdown of the key stats from today's report: The private sector added 154,000 jobs in July, according to seasonally adjusted figures. Public-sector … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Decline Continues On Debt Crisis Concerns Posted: 05 Aug 2011 02:30 AM PDT 08/05/11 Front month crude prices took another downturn this session following growing eurozone debt crisis concerns and future crude demand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unemployment Report August 5, 2011: “Discouraging” Posted: 05 Aug 2011 07:13 AM PDT The big exhale you may have just heard emanating from Washington follows a slightly better than expected unemployment report this morning. I am happy to hear that the report is slightly better than expected and will address the particulars momentarily. I caution people not to make too much of this report, though. Why? While the report may have exceeded expectations, let's not lose sight of the fact that the expectations were not all that high at the outset. Additionally, this report is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 05 Aug 2011 01:15 AM PDT 08/05/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening bell. Topics include yesterdays US selloff, an improved unemployment rate, and an emergency EU … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Barney Gray Of Old Park Lane Capital Talks Oil, Liquidity And Range Resources Posted: 05 Aug 2011 02:22 AM PDT Strolling around the boardroom in the Mayfair headquarters of stockbroking firm Old Park Lane Capital, Barney Gray contemplates a question about US debt and macro-economic misery. "If I thought about it too much I think it would make me stressed," he says. With that, the conversation switches to natural resources – a subject close Gray's heart and one which is helping to define Old Park Lane Capital as a broker that can make a very big impact on the fortunes of smaller quoted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vectura Agrees New Licensing Deal With Sandoz For Asthma Treatment Posted: 05 Aug 2011 01:47 AM PDT As share prices tumbled in London this morning, drugs developer Vectura (LON:VEC) took the honours for the highest riser during early trading following news that it had signed a licensing deal with Sandoz, the generics division of Novartis, for its VR315 asthma treatment. The exclusive deal covers the development and marketing of VR315, a combination therapy for asthma/COPD, in the rest of world (RoW) territory. That territory excludes the US and those countries included in an existing VR315 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610