DailyMarkets.com - SNP 2Q Flourishes On Higher Prices

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• SNP 2Q Flourishes On Higher Prices
• Lockheed Makes R&D Deal With USAF
• Merge Remains ‘Underperform’
• Boeing’s Dreamliner Set To Take Off
• Hot Option Plays: Big Ben Speaks
• Hot Option Plays: Will This Rally Blow Over?
• Hot Option Plays: Equities On The Move
• Forex – AUD/USD Up In U.S. Trade
• WellPoint Dips To Neutral
• Vietnam Central Bank Lifts Dollar Reserve Ratios 100bps
• Royal Dutch Shell Stays At Neutral
• NCR Unveils New ATM Services
• Forex – USD/JPY Up During The U.S. Session
• SP500 Playing From One Range Value Area To The Next Reference Level
• Wells Fargo Stays Neutral
• SanDisk Launches New Music Player
• DIRECTV Offers New Service
• Moody’s Keeps Toyota At Aa3
• Irene To Hurt Chubb’s 3Q
• Medtronic Presents Positive Data
• Chunghwa Soars In 2Q11
• H-P Wins Data Center Deal
• “Some Relief…hurricane Didn’t Cost As Much”
• Spending Rises, Savings Fall
• BNY Mellon To Divest Alcentra Unit
• Dendreon’s Atlanta Facility Cleared
• Dollar Slides, Risk Appetite Surges
• All Eyes On IMAX Corp. Calls As Shares Soar
• Altria Hikes Dividend
• Forex Trading: EURUSD Still Lacks The Conviction
• Meridian Unveils FY12 Guidance
• Solid Earnings Season, Stocks Look Cheap
• Baxter Buys Baxa For $380M
• Healthways Finds That U.S. Struggles
• Trans-Pacific Aerospace Inches Closer To Approval
• America West Resources Second Quarter Results
• CSN Issues $1.2B Debentures
• Shanghai Petrochem 1H Profit Down
• Not All Wheat Is Created Equal!
• “Economist” Vs. Economist Smackdown
• Earnings Preview: Data-Dump Week
• Airlines Plan To Resume Operations
• Wall Street Rallies, Insurers Soar
• Natural Gas Futures Edge Higher Ahead Of Contract Expiry
• Forex – Dollar Lower Vs. Rivals As U.S. Consumer Spending Rises
• Forex Trading: EURCHF On It’s Own Mission Higher
• Gold Futures Fall Below USD1,800, Spot Gold Extends Drop
• Crude Rallies On Dollar Slide, Global Equity Rebound
• Forex – GBP/USD Extends Gains After U.S. Personal Spending Rises
• Forex – EUR/USD Holds Gains After Mixed U.S. Economic Data
• Forex Trading: USDCHF Moves Above The 38.2% Fibo Resistance
• US Personal Spending Jumps, Japan Elects New Prime Minister, & UK Home Prices Fall

SNP 2Q Flourishes On Higher Prices Posted: 29 Aug 2011 12:05 PM PDT China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, reported first half 2011 net income of 40.24 billion yuan (US$6.144 billion) and earnings per share of 0.464 yuan ($7.08 per ADS), both up 9.4% year over year. The increase can be attributable to higher capacity, domestic economic growth, and most importantly increased prices for petroleum and related products. Operational Performance Sinopec's crude oil production dropped 5.4% year over year to 156.32 million barrels, while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Makes R&D Deal With USAF Posted: 29 Aug 2011 11:35 AM PDT Lockheed Martin Corporation (NYSE:LMT) and the U.S. Air Force Research Laboratory (“AFRL”) Munitions Directorate have entered into a five-year cooperative research and development agreement ("CRADA") under which AFRL will assess the viability of Lockheed's cooled tri-mode seeker for integration onto Air Force weapon platforms. Lockheed's tri-mode seeker has a semi-active laser sensor, an imaging infrared ("I2R") sensor and millimeter wave radar into a single seeker with a common … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge Remains ‘Underperform’ Posted: 29 Aug 2011 11:35 AM PDT We recently reiterated our Underperform rating on Merge Healthcare Incorporated (NASDAQ:MRGE) with a target price of $5.25. Merge reported an adjusted EPS of 6 cents in the second quarter of fiscal 2011, well above the year-ago quarter’s loss of 3 cents per share. Solid growth across all the company's segments triggered a 92% year-over-year increase in total revenue to $55.6 million in the quarter. However, reported revenues were in line with the Zacks Consensus Estimate. We are pleased with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing’s Dreamliner Set To Take Off Posted: 29 Aug 2011 11:35 AM PDT The Boeing Company's (NYSE:BA) much touted 787 Dreamliner series airplane has received U.S. Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) certifications having complied with all federal and European regulations. The certifications required for the Dreamliner's commercial use were received during a ceremony at the company’s Everett, Washington, facility. The first Dreamliner would be delivered to Japanese carrier, All Nippon Airways on September 25, 2011. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Big Ben Speaks Posted: 29 Aug 2011 11:18 AM PDT Cusick’s Corner The GDP and the Fed comments are all built in and expected. Big Ben still not revealing the tools that they may use for future stimulus but what is now more apparent is that they are holding bullets very close to the vest. Tech was the leader as we bounced into the Midday, QQQ up over 2%, and this squeeze look like it wants to continue into the After Hours. I am watching this broad based support – Gold looking to try to recapture $1800 – and definitely not looking to challenge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Will This Rally Blow Over? Posted: 29 Aug 2011 11:18 AM PDT Cusick’s Corner The market has continued to stay firm into the close and now looks setting up a potential challenge for upside next week. Looking at the S&Ps, I will be watching 1180 as a level that which would signal two things – the subsiding of the selling pressure and a breakout to the upside of the narrowing consolidation we have been experiencing. If we get some poor news out of the EU this weekend, the selling pressure could ramp and break the lower end of this narrowing channel – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Equities On The Move Posted: 29 Aug 2011 11:18 AM PDT Cusick’s Corner There is a lot of money on the sidelines; risk is the play early in the new trading week. The leading sector is Finance, XLF, up almost 3% and is being led by the banks. This is an interesting move since Big Ben did not reveal any specific stimulus tools and the market took this speech (which coincidentally mirrored last year’s) as Stimulus is coming. But is it? I am not one to count on the stimulus. Technically the market is in challenge mode to the upside; specifically I am … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 29 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending. AUD/USD was trading at 1.0623, up 0.47% at time of writing. The pair was likely to find support at 1.0418, Thursday's low, and resistance at 1.0643, today's high. Earlier in the day, official data showed that U.S. personal spending rose more-than-expected to a seasonally adjusted 0.8% last month from -0.1% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WellPoint Dips To Neutral Posted: 29 Aug 2011 11:05 AM PDT We have downgraded our recommendation on WellPoint Inc. (NYSE:WLP) to 'Neutral' from 'Outperform' based on weak economic cues that give way to operating and financial leverage risk and price declines that are encountered off and on. The company reported second-quarter income from continuing operations of $701.6 million or $1.89 per share, surpassing the Zacks Consensus Estimate of $1.79 per share. While operating earnings declined from $722.4 million in the year-ago quarter, earnings per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vietnam Central Bank Lifts Dollar Reserve Ratios 100bps Posted: 29 Aug 2011 10:54 AM PDT The State Bank of Vietnam raised the required reserve ratios on foreign currency for credit institutions by 100 basis points.  The ratio on non-term foreign currency deposits and deposits of less than 12 months will be 8% (7% previously) for most State-owned commercial banks, joint stock banks, 100 percent foreign owned banks, joint venture banks, and foreign bank branches.  The ratio will be 7% (6% previously) for the Bank for Agricultural and Rural Development, the Central … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Royal Dutch Shell Stays At Neutral Posted: 29 Aug 2011 10:50 AM PDT We have retained our Neutral recommendation on energy major Royal Dutch Shell plc (RDS.A) with a price target of $67. Royal Dutch Shell is one of the largest integrated energy firms in the world with a strong and diversified portfolio of development projects that offer attractive long-term opportunities. We expect the group to continue accelerating revenue and earnings growth over the next few quarters, driven by operational/production efficiency and contributions from strategic programs – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Unveils New ATM Services Posted: 29 Aug 2011 10:50 AM PDT The most coveted name in the area of Automated Teller Machine (ATM) manufacturing, NCR Corp. (NYSE:NCR) has made banking transactions easier, once again. This time, the technology solutions provider has introduced Total ATM Services targeting the mid-sized and community banks and credit unions. The ATM services will ensure improved availability of services and security of transactions as well as reduce the operating costs of the overall system. The total services include Incident Management, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During The U.S. Session Posted: 29 Aug 2011 10:45 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Personal Spending. USD/JPY was trading at 76.93, up 0.35% at time of writing. The pair was likely to find support at 76.48, Wednesday's low, and resistance at 77.70, Thursday's high. Earlier in the day, official data showed that U.S. personal spending rose more-than-expected to a seasonally adjusted 0.8% last month from -0.1% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SP500 Playing From One Range Value Area To The Next Reference Level Posted: 29 Aug 2011 10:37 AM PDT Sometimes, it's very important to strip your chart of all indicators and just focus on the message from price, which comes through clearest without all the clutter. There's a very clear message from price itself in terms of range/value reference areas, so let's listen to what price says and how we should treat these key levels. First, the bigger picture Range Value Areas: First, let's define "Range Value Areas."  According to one of the core principles of price behavior (and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo Stays Neutral Posted: 29 Aug 2011 10:35 AM PDT We have reaffirmed our Neutral recommendation on Wells Fargo & Company (NYSE:WFC) following a detailed analysis of its second quarter 2011 earnings results in light of the current economic environment. Wells Fargo's second quarter 2011 earnings of 70 cents per share were a penny ahead of the Zacks Consensus Estimate. Results also improved from earnings per share of 67 cents in the prior quarter and 55 cents in the year-ago quarter. Quarterly results reflected a decent reserve release and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SanDisk Launches New Music Player Posted: 29 Aug 2011 10:35 AM PDT Hard disk manufacturing company, SanDisk Corporation (NASDAQ:SNDK) recently rolled out a new product to strengthen its position in the MP3 market. The company introduced Sansa Clip Zip MP3 player, the latest addition to the popular SansaClip family of products. Sansa Clip Zip MP3 player is a user-friendly, feature-rich music player with attractive pricing and is expected to gain massive popularity amongst music lovers. The Sansa Clip Zip MP3 player offers rich sound quality and is compatible with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DIRECTV Offers New Service Posted: 29 Aug 2011 10:35 AM PDT DIRECTV (NASDAQ:DTV), the largest satellite TV operator in the U.S., recently launched a new value-added service providing live information on devastating storm Hurricane Irene to its subscribers. Information regarding Hurricane Irene will be broadcasted from DIRECTV's 259, 325 and 349 channels, respectively. These news channels will cover all the news and detailed information related to the storm and its affected areas. DIRECTV intends to offer the service until the storm losses its force. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s Keeps Toyota At Aa3 Posted: 29 Aug 2011 10:35 AM PDT Moody's Investors Service, the credit rating arm of Moody's Corp. (NYSE:MCO), has kept the credit rating of Toyota Motor Corp. (NYSE:TM) unchanged at Aa3, despite warning of a possible downgrade. The rating agency has also affirmed its outlook on the company as stable. At the end of June this year, Moody's had cut the credit rating of the automaker by one level to Aa3 on the back of its weakening market position and difficulties in operations emanating from the earthquake and tsunami in Japan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Irene To Hurt Chubb’s 3Q Posted: 29 Aug 2011 10:35 AM PDT After witnessing a high catastrophe loss (cat loss) activity in the second quarter of 2011, property and casualty insurer Chubb Corp. (CB) is again set to incur further cat losses in the upcoming quarter due to Hurricane Irene, which made its way along the East Coast. Irene is the first major hurricane to strike the U.S. since Wilma in 2005, and the first hurricane of any kind to ravage the country since the Category 2 Ike in 2008. Chubb's geographic concentration in calamity-prone areas (the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Presents Positive Data Posted: 29 Aug 2011 10:35 AM PDT Medtronic (NYSE:MDT) has presented positive data for its CoreValve system at the European Society of Cardiology Congress 2011. It was observed that treatment with CoreValve led to positive clinical outcomes. The study enrolled 50 patients with the average age of 81 years and followed them for four years. After two years, the patients recorded a cardiac survival rate of 77.9% (with overall patient survival of 58.5%) and 68% after four years (with overall patient survival of 45.1%). Moreover, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chunghwa Soars In 2Q11 Posted: 29 Aug 2011 10:35 AM PDT Chunghwa Telecom Co. Ltd. (NYSE:CHT) declared solid financial results for the second quarter of 2011. Quarterly, GAAP net income was approximately $460.2 million, up 2.8% year over year.  However, net earnings per ADR were 83 cents, up 27.6% year over year. The increase was primarily attributable to the higher net income and the capital reduction in January 2011, which reduced the total number of outstanding shares by 20%. Total revenue, in the second quarter of 2011, was approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H-P Wins Data Center Deal Posted: 29 Aug 2011 10:35 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced that the Department of Water Resources (DWR) of the State of California has deployed its Converged Infrastructure suite by replacing the existing servers of Dell Inc. (NASDAQ:DELL) and Sun Solaris systems. Financial terms of the deal were not disclosed. The California DWR is responsible for management and regulation of water usage in the State of California. The department operates and maintains the nation's largest state-built water and power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Some Relief…hurricane Didn’t Cost As Much” Posted: 29 Aug 2011 10:15 AM PDT 08/29/11 Meridian Equity Partner’s Stephen Guilfoyle discusses today’s advance in equities and key technical levels. This week’s event risk and gold futures are also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spending Rises, Savings Fall Posted: 29 Aug 2011 10:05 AM PDT In July, Personal Income rose 0.3%, up from a 0.2% rise in June, and matching a 0.3% in May. The increase was slightly below the consensus expectations of a 0.4% increase. Meanwhile, Personal Consumption Expenditures (PCE) were up 0.8%, significantly higher than the consensus expectation of a 0.5% rise. That is a big turnaround from the 0.1% drop in June (revised from a 0.2% decline) and the 0.1% increase in May. Of course, if spending is rising faster than income, it means that the savings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BNY Mellon To Divest Alcentra Unit Posted: 29 Aug 2011 10:05 AM PDT On Friday, Bloomberg reported that The Bank of New York Mellon Corporation (NYSE:BK) is planning to sell-off its Alcentra unit, which manages $17 billion worth of assets including loans and high-yield bonds. Alcentra has been a subsidiary of BNY Mellon since January 2006. BNY Mellon has hired Credit Suisse Group (NYSE:CS) to manage the sale of the majority of Alcentra assets in collateralized loan obligations (CLOs) in the U.S. and Europe. CLOs are a category of collateralized debt obligation that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dendreon’s Atlanta Facility Cleared Posted: 29 Aug 2011 10:05 AM PDT Dendreon Corporation (NASDAQ:DNDN) to its credit has been steadily receiving clearances from the US Food and Drug Administration (FDA) to expand manufacturing facilities for its cancer vaccine Provenge, in the U.S. The company's Atlanta facility can now be operational with 36 workstations. These facilities will be brought online in a staged manner. Earlier, in June this year, Dendreon received clearance from the FDA for its Los Angeles (LA) facility, which includes 36 workstations. In March 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Slides, Risk Appetite Surges Posted: 29 Aug 2011 10:00 AM PDT 08/29/11 The US dollar kept declining this afternoon on economic reports and a rise in global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

All Eyes On IMAX Corp. Calls As Shares Soar Posted: 29 Aug 2011 09:46 AM PDT All eyes on IMAX Corp. calls as shares soar Today's tickers: IMAX, AMZN, HAL & MU (NASDAQ:IMAX) – IMAX Corp. – Call options on the entertainment technology company are in demand this morning after shares in IMAX jumped 9.1% roughly 40 minutes into the trading session to an intraday high of $17.63. The sizable move in the price of the underlying coupled with increased trading in IMAX options lifted the stock's reading of implied volatility 10.3% to 82.95% by 11:05 am ET. The sharp rise in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Altria Hikes Dividend Posted: 29 Aug 2011 09:35 AM PDT In order to enhance shareholders' value, the board of Altria Group, Inc. (NYSE:MO) has planned to raise Altria's regular quarterly dividend by 7.9% to 41 cents per share. The quarterly dividend will be paid on October 11, 2011 to shareholders of record as of September 15, 2011. The new annualized dividend rate is $1.64 per common share, and the dividend increase from 38 cents per share is also consistent with Altria's dividend payout ratio target of approximately 80% of its adjusted earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Still Lacks The Conviction Posted: 29 Aug 2011 09:22 AM PDT The EURUSD mad a second attempt to the upside – moving above the 1.4516 level (high from August 17th) – but has wandered back down.  The midpoint of the days range comes in at 1.45067 and a move below this level (a move that stays below) will give the next clue that a rotation back lower may be in the cards for the afternoon trade. The 1.4495 level was Friday's 4 PM closing level.  This too would give bears further confirmation that the downside is now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meridian Unveils FY12 Guidance Posted: 29 Aug 2011 09:15 AM PDT Diagnostic test kits maker Meridian Bioscience (NASDAQ:VIVO) has issued its guidance for fiscal 2012. The Cincinnati-based company envisions net sales for the year in the range of $183 million to $192 million with earnings per share expected between 85 cents and 89 cents. Net income for fiscal 2012 has been projected to shoot up between 20% and 30% year over year (excluding reorganization charges in fiscal 2011). The guidance excludes the impact of acquisitions which Meridian may complete during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Solid Earnings Season, Stocks Look Cheap Posted: 29 Aug 2011 09:05 AM PDT The Earnings Picture Second quarter earnings season is effectively over with 492 or 98.4% of the S&P 500 reports in. With the exception of a handful of financials — most notably Bank of America (NYSE:BAC), which had a $12 billion negative swing in net income from last year — this has been another great earnings season. The year-over-year growth rate for the S&P 500 is 12.1%, way off the 17.6% pace those same 492 firms posted in the first quarter. However, it you exclude the Financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baxter Buys Baxa For $380M Posted: 29 Aug 2011 09:05 AM PDT Medical products giant Baxter International (NYSE:BAX) has inked a definitive deal to buy privately-held medical devices company Baxa Corporation for $380 million in cash. The transaction is expected to be completed after antitrust clearance and other customary closing conditions. Colorado-based Baxa, develops pharmacy technology for safe and effective preparation and delivery of oral and intravenous drugs. The entity generated sales of roughly $150 million in 2010. Baxa's broad product/solution … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Healthways Finds That U.S. Struggles Posted: 29 Aug 2011 08:40 AM PDT Healthways (NASDAQ:HWAY) and Gallup recently announced the results of the monthly Gallup-Healthways Well-Being Index ("WBI") for July 2011. The overarching WBI measure remained on the higher side at 66.4, just 100 basis points lower than the record score of 67.4 set in May 2010. Among the WBI sub-components, the Life Evaluation Index, which contains a self assessment of whether Americans are suffering, thriving or struggling dropped to 48.1 in July, a sharp decline from 49.9 clocked in June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Trans-Pacific Aerospace Inches Closer To Approval Posted: 29 Aug 2011 08:35 AM PDT Ken Nagy, CFA Trans-Pacific Aerospace Inches Closer to Approval Trans-Pacific Aerospace Company (TPAC) intends to monetize its proprietary technology.  TPAC and its joint venture partners intend to manufacture aerospace quality standard spherical bearings, rod ends and bushings (bearings) in China. Growth in China is two-fold: First the number of planes in China is expected to jump from 1,256 today to 4,330 over the next 20 years.  With 3,000 spherical bearings on each plane the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

America West Resources Second Quarter Results Posted: 29 Aug 2011 08:35 AM PDT Ian Gilson, CFA America West Resources (AWSR) Second quarter results: Although the company reported record revenue based on an all time high production rate, revenue was below our estimate due to some mine safety issues. The mine has been worked on and off for many years and removing some of the pillars and expanding the mine required some remediation work on the bolts holding up the roof. The new bolts were three times as expensive as the standard ones, much work was needed to ensure safety … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSN Issues $1.2B Debentures Posted: 29 Aug 2011 08:35 AM PDT Companhia Siderurgica Nacional (NYSE:SID) or CSN recently raised funds through the public issue of non-convertible unsecured debentures having a maturity life of 8 years. Funds raised through the issuance will be used to finance working capital and other activities of CSN. After receiving its Board of Directors' approval, the company issued 115 debentures each with a nominal value of R$10 million, totaling R$1,150 million. The issue was equipped with restricted placement offers. The company is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shanghai Petrochem 1H Profit Down Posted: 29 Aug 2011 08:35 AM PDT One of China's largest petrochemical companies, Sinopec Shanghai Petrochemical Company Limited (SHI) announced first half 2011 net income of RMB 1.4 billion or RMB 0.198 per diluted share, compared with RMB 1.5 billion or RMB 0.210 per diluted share a year earlier. The negative comparisons can be primarily attributable to higher costs, partially offset by a surge in revenues. In the first six months of 2011, Shanghai's crude oil costs amounted to RMB 27.4 billion – a substantial increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Not All Wheat Is Created Equal! Posted: 29 Aug 2011 08:18 AM PDT Monday, August 29, 2011 Kansas City Wheat futures are trading well below their yearly highs, but should find support from not only tight supplies, but should also follow the run-up in Corn prices as Wheat could become an alternate for feed usage should Corn prices rise sharply. For short option sellers, this might suggest potential trading ideas for selling puts in Kansas City Wheat options. For example, with chart support in December KC Wheat near the 770.00 area and the December futures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Economist” Vs. Economist Smackdown Posted: 29 Aug 2011 08:15 AM PDT From University of Maryland “economist” Peter Morici (emphasis mine): “Rebuilding after Irene, especially in an economy with high unemployment and underused resources in the construction and building materials industries, will unleash at least $20 billion in new direct private spending-likely more as many folks rebuild larger than before, and the capital stock that emerges will prove more economically useful and productive.  This is not to discount the direct costs to individuals by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Data-Dump Week Posted: 29 Aug 2011 08:05 AM PDT Earnings Preview 8/19/11 The second quarter earnings season is almost over. Mostly we are down to the retailers, many of which have fiscal quarters ending in July, not June. There are a few significant non-retailers that will report this week as well. There will be just 70 firms reporting, but 5 of those are in the S&P 500. By next Friday afternoon, almost 100% of the S&P 500 will have reported. Earnings season has been very strong with seven S&P 500 firms reporting positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Airlines Plan To Resume Operations Posted: 29 Aug 2011 08:05 AM PDT After tropical storm Irene hit the East coast, major airline companies were forced to cancel approximately 9500 flight, completely halting operations at the busiest airports in the U.S. including the New York Airport . However, airline companies are seeking to reschedule flights as the hurricane is expected to exit the region by Monday. Consequently, carriers like United and Continental Airlines, subsidiaries of United Continental Holdings, Inc. (UAL) announced their plan of resuming flights … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wall Street Rallies, Insurers Soar Posted: 29 Aug 2011 08:05 AM PDT 08/29/11 US stocks rallied at the Open, with relief over the limited damage from Hurricane Irene. Shares of insurers soared, with Allstate and Hartford advancing over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Edge Higher Ahead Of Contract Expiry Posted: 29 Aug 2011 08:01 AM PDT Forexpros – Natural gas futures edged higher on Monday, as forecasts for warmer-than-normal weather boosted demand expectations for the fuel and as investors readjusted positions ahead of the expiration of the September contract later in the day. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at USD3.915 per million British thermal units during U.S. morning trade, easing up 0.12%.      The September natural gas contract is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Lower Vs. Rivals As U.S. Consumer Spending Rises Posted: 29 Aug 2011 07:53 AM PDT Forexpros – The U.S. dollar extended losses against almost all of its major counterparts on Monday, as official data showing that U.S. consumer spending rose at the fastest rate in five months in July boosted risk appetite and overshadowed weak U.S. housing data. During early U.S. trade, the greenback was down against the euro, with EUR/USD rising 0.25% to hit 1.4534. In Brussels, European Central Bank President Jean-Claude Trichet and other senior euro zone officials were appearing before … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURCHF On It’s Own Mission Higher Posted: 29 Aug 2011 07:45 AM PDT The EURCHF is also moving sharply higher today – breaking above the trendline resistance at the 1.1781 level.  The pair has reached a high today of 1.1970 as it moves closer and closer to the key 100 day MA and 61.8% retracement of hte move down from the April 6th high at 1.2026 level.   The pair started this move higher after breaking above the bull flag on Friday (see yellow area in the chart above). Looking at today's surge higher, the price trend has accelerated the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Fall Below USD1,800, Spot Gold Extends Drop Posted: 29 Aug 2011 07:43 AM PDT Forexpros – Gold futures erased gains on Monday, pulling back from a four-day high and spot gold prices extended their decline as increased risk appetite dampened the appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,789.75 a troy ounce during U.S. morning trade, shedding 0.31%.    It earlier fell as much as 0.65% to trade at a daily low of USD1,779.25 a troy ounce. Spot gold prices, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rallies On Dollar Slide, Global Equity Rebound Posted: 29 Aug 2011 02:40 AM PDT 08/29/11 Front month crude prices were rising this morning as a global equity rally sparked risk appetite and the US dollar lost some ground against its higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Gains After U.S. Personal Spending Rises Posted: 29 Aug 2011 07:40 AM PDT Forexpros – The pound extended gains against the U.S. dollar on Monday, climbing to a fresh three-day high after government data showed that U.S. personal spending rose more-than-expected in July. GBP/USD hit 1.6450 during U.S. morning trade, the pair's highest since August 24; the pair subsequently consolidated at 1.6446, gaining 0.48%. Cable was likely to find support at 1.6257, last Thursday's low and resistance at 1.6476, the high of August 16. The Commerce Department said earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Holds Gains After Mixed U.S. Economic Data Posted: 29 Aug 2011 07:24 AM PDT Forexpros – The euro held gains against the U.S. dollar on Monday, after official data showing that U.S. consumer spending rose more-than-expected last month overshadowed a report showing that U.S. pending home sales fell more-than expected. EUR/USD hit 1.4549 during U.S. morning trade, the pair's highest since July 5; the pair subsequently consolidated at 1.4541, gaining 0.29%. The pair was likely to find support at 1.4330, Friday's low and resistance at 1.4649, the high of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Moves Above The 38.2% Fibo Resistance Posted: 29 Aug 2011 07:20 AM PDT The USDCHF (and EURCHF) has continued its move to the upside with the pair now breaking above the 38.2% of the move down from the December 2010 high to the low reached this month at the 0.8210 level at the 0.8210 (see prior post by clicking here).  Traders will be watching the level for support on a move back lower.  Staying above, keeps the bulls in charge today as it would be a clear sign that the the  trend higher continues for the pair.  Another level to watch on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Personal Spending Jumps, Japan Elects New Prime Minister, & UK Home Prices Fall Posted: 29 Aug 2011 01:15 AM PDT 08/29/11 NYFP’s Morning Market Brief: The latest in news, commentary, and information on what’s moving the US equities markets just prior to the ringing of the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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