DailyMarkets.com - Walmart Eyeing Carrefour Unit

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• Walmart Eyeing Carrefour Unit
• Earning Scorecard: Comcast
• Earnings Preview: CACI International
• Earning Scorecard: Time Warner Cable
• Neutral On Avon Products
• Hot Option Plays: After Hours
• Hot Option Plays: Red Light, Green Light
• Hot Option Plays: Market Vertigo
• Hot Option Plays: Movin’ On Up
• Hot Option Plays: Can Support Hold?
• Hot Option Plays: Home, Home On The Range
• Forex Trading: AUDUSD Pushes The Next Key Target At 1.04975
• Forex – AUD/USD Up In U.S. Trade
• Onyx Downgraded To Underperform
• NET Servicos Keeps Neutral Rec
• LabCorp Offers To Purchase Notes
• Kenyan Central Bank Sets Discount Window Rate At 11.34%
• Forex Trading: EURUSD Buying Time As Bull Flag Is Formed
• Nokia Bulls Seize The Initiative After Google’s Motorola Foray
• Forex – NZD/USD Down During The U.S. Session
• MedCath Profits In 3Q
• End The Corporate Income Tax!
• BNY Mellon Sued Over Pension Funds
• Forex Trading: GBPUSD Moves Off The Highs. Tests Intraday Support
• European Markets Close Higher; Dax Up 0.41%
• Earning Scorecard: Citrix Systems Inc
• Dollar Continues To Slide On Weak Manufacturing Data
• Gold Breaks Above Congestion Pattern And Targets 1767.70, 1779.50
• Dartmouth’s Public Summer Lecture Series, “Leading…
• DTS Partners With Changhong
• CSIQ, EOSOL In Module Supply Deal
• Cardica’s 4Q Loss Narrows
• Pulte Upgraded To Outperform
• USDA Aggressively Lowers Corn And Soybean Yield Estimates
• Kansas Bank Fails, Tally Hits 64
• Conoco Postpones LNG Unit Closure
• Zimmer Reiterated Neutral
• Yield Curves Take Back Fear-driven Gains
• Highwoods Misses Estimates
• USD Faces Double Whammy – Weaker Fundamentals And Positive Risk Sentiment
• Bohai Closes A Very Lucrative Deal
• Pitney Vends Print+ Messenger
• Spectra Upped To Outperform
• Earnings Preview: Dick’s Sporting Goods
• American Oriental Misses
• Earnings Scorecard: UPS
• El Paso Advances Spin-off, Names New Co.
• Forex – Dollar Punished Vs. Rivals Following Weak U.S. Data
• Natural Gas Futures Drop Below USD4.00 On Weather Outlook
• Google To Buy Cell Phone Maker Motorola Mobility For $12.5 Billion
• Forex Trading: EURUSD Moves Higher And Higher, But Shows Some Consolidation Clues
• Forex – GBP/USD Hits 4-day High After Downbeat U.S. Data
• Forex – EUR/USD Jumps To 3-week High, Trades Above 1.4450
• The Ongoing Deleveraging Of American Households
• Crude Mostly Flat On Mixed Data
• AUD/USD’s Correction Rally Is In A SlingShot Towards 1.06
• Gold Trims Losses As Weak U.S. Data Pressures Greenback
• Morning Market Brief
• Your Move, Jean-Claude

Walmart Eyeing Carrefour Unit Posted: 15 Aug 2011 12:05 PM PDT Retail giant  Wal-Mart Stores Inc. (NYSE:WMT) is re-considering possibilities to acquire the Brazilian unit of French retailer Carrefour SA in order to expand its presence in Latin America. The unit is worth approximately 7 billion euros ($9.9 billion), as per the sources. Walmart has been eyeing Carrefour's Brazilian assets for the last two years, but has failed to acquire it owing to price disagreement. Walmart's interest in Carrefour came recently after the latter dumped the proposed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Scorecard: Comcast Posted: 15 Aug 2011 12:05 PM PDT Comcast Corp. (NASDAQ:CMCSA) reported blockbuster second quarter 2011 financial results, which exceeded the Zacks Consensus Estimate. This fabulous performance was attributable to higher broadband subscribers' addition and increased contribution from NBC Universal, where Comcast holds a controlling stake since January 2011. The company witnessed a 10.2% year over year decline in video subscriber customers. Second Quarter Highlights Total revenue in the reported quarter came in at $14,333 million, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: CACI International Posted: 15 Aug 2011 11:35 AM PDT CACI International Inc. (CACI) is scheduled to announce its fourth quarter and fiscal 2011 results on Wednesday, August 17, 2011. The company has consistently exceeded expectations. On an average, CACI has beaten the Zacks Consensus Estimate by 7.94% in the last four quarters.  Third-Quarter Recap     CACI International posted earnings per share (EPS) of $1.16 compared with 87 cents in the year-earlier quarter, which easily beat the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Scorecard: Time Warner Cable Posted: 15 Aug 2011 11:35 AM PDT Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO (multi-services operator) in the U.S., reported solid second quarter 2011 financial results, which exceeded the Zacks Consensus Estimate. However, we remain concerned about massive subscriber loss in its core video segment. Second Quarter Highlights Quarterly GAAP net income was $420 million or $1.24 per share compared with a net income of $342 million or 95 cents per share in the prior-year quarter. Second-quarter 2011 adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Avon Products Posted: 15 Aug 2011 11:35 AM PDT We maintain our long-term Neutral recommendation on Avon Products Inc. (NYSE:AVP). Avon Products is a leading global beauty company, with over $10.8 billion in annual revenue in 2010. As the world’s largest direct seller of beauty and related products, the company markets its products to women in over 100 countries through 6.2 million independent sales representatives. The company also derives a substantial portion of its revenue from high-growth emerging markets, which offers a significant future … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: After Hours Posted: 15 Aug 2011 11:18 AM PDT Cusick’s Corner The market held gains in spite of the selling post the Fed statement. Swing longs, short-term traders, look to be carrying overnight longs, and Financials seem to be the main beneficiary. Gold, GLD,and Silver, SLV, are pulling back in after hours trade, so we want to watch any shift in the risk off trade, Gold, and watch Tech. See you Midday. Trading remained volatile through the Federal Reserve’s post-meeting statement and then stocks surged in the final hour of trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Red Light, Green Light Posted: 15 Aug 2011 11:18 AM PDT Cusick’s Corner Taking 600+ points out of a market does things to any man or woman. This has to be hard to watch if you are long the market and continue to see the environment deteriorate around you, getting so bad that even the strongest of the bulls are capitulating (a more appealing way of saying puking). The trade is small, day to couple day swing trades and if you are long look to potentially raise cash, flip outright stock holdings into LEAPS, long term options that expire 1-3 years out. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Vertigo Posted: 15 Aug 2011 11:18 AM PDT Cusick’s Corner Volatility is the name of the game. Buying protection is hard to do at this stage which is why I suggested the stock replacement with LEAPS. Also a 43 volatility in the VIX tells me that the market has very little conviction of direction. This also increases the uneasiness of further capitulation, “puking”. I have to speak tonight at The Money Show in San Francisco so I have to run. See you Midday. Market volatility remains extreme at home and abroad. The table was set for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Movin’ On Up Posted: 15 Aug 2011 11:18 AM PDT Cusick’s Corner The Europeans are trying to take control of their issues with Germany and France meeting. The Bond auctions were horrible with the 10yr at 2.28% weakness in bonds could finally start. Gold has come off their parabolic highs and the $1800 level will be a barrier baring a major headline. This may still be a time to nibble on the long side, strength into the close could be positive. See you After Hours. Stocks are broadly higher midday Thursday. After a 520-point plunge the day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Can Support Hold? Posted: 15 Aug 2011 11:18 AM PDT Cusick’s Corner This was an impressive move today and the bulls deserve a pat on the back as we close on highs. Today was an easier day to trade to the upside with very constructive patterns, buying dips and slicing through resistance, and clear support for buying. A catalyst could be the money coming out of Gold, GLD, moving back into risk and we saw the critical sectors, QQQ, XLF, XLI, XLY, all much higher which is what you want to see if there is any potential for continuation. Again I would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Home, Home On The Range Posted: 15 Aug 2011 11:18 AM PDT Cusick’sCorner Where the Bulls and the Bears play… (Our apologies to the deer and the antelope.) As the Midday comes to the close, we see a theme, a choppy theme that is taking shape. This is an environment where I think that we will be stuck in ranges on stocks and indices. Volatility is still a part of this market, VIX 35, so strategically I am looking at credit strategies to take advantage of the volatility and the choppy nature. Specifically I would be looking at bull put spreads, bear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Pushes The Next Key Target At 1.04975 Posted: 15 Aug 2011 11:17 AM PDT The AUDUSD pushed above the 200 hour MA, consolidated above the level and has moved higher during the NY session. The pair is now up looking to test the 50% of the move down from the July 27th high to the low reached on August 9th at the 1.0500 area.  The pair is being supported by the easing of the equity tension and fear that gripped the market last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 15 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 NY Empire State Manufacturing Index.<br/><br/> AUD/USD was trading at 1.0487, up 1.26% at time of writing.<br/><br/> The pair was likely to find support at 1.0113, Thursday&rsquo;s low, and resistance at 1.0493, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Onyx Downgraded To Underperform Posted: 15 Aug 2011 11:05 AM PDT We recently downgraded our recommendation on Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) to Underperform from Neutral. We note that Onyx Pharma's second quarter 2011 loss of 56 cents was well below expectations, mainly due to lower revenues and higher operating expenses. Despite improved sales of the company's only marketed drug, Nexavar (sorafenib) for cancer, which came in at $245.7 million (up 4% year-over-year) during the quarter, Onyx Pharma's revenues experienced a 1.2% decline, amounting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NET Servicos Keeps Neutral Rec Posted: 15 Aug 2011 11:05 AM PDT We reiterate our Neutral recommendation on NET Servicos de Comunicacao S.A. (NASDAQ:NETC), which implies the stock will perform in line with the broader market. The company reported strong financial results for the second quarter of 2011 surpassing the Zacks Consensus Estimates. NET Servicos is generating commendable Pay TV subscriber growth despite facing stiff competition from several aggressive wireless and satellite service providers in the Brazilian broadband market. We believe NET Servicos is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LabCorp Offers To Purchase Notes Posted: 15 Aug 2011 11:05 AM PDT A leading player in the diagnostic testing space, Laboratory Corporation of America Holdings (NYSE:LH) intends to purchase all or a portion of its Zero Coupon Convertible Subordinated Notes due 2021. The purchase price for the notes is $819.54 per $1,000 principal amount at maturity. On the liquidity front, LabCorp is quite well capitalized. The company exited the second quarter of fiscal 2011 with cash and short-term investment of $118.9 million ($230.7 million at the end of 2010) and $463 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kenyan Central Bank Sets Discount Window Rate At 11.34% Posted: 15 Aug 2011 11:02 AM PDT The Central Bank of Kenya set its interest rate for discount window lending at 11.34% following the implementation of new interest rate calculation rules.  The Bank said in a note last week that the CBK discount window interest rate would be the CBR (Central Bank Rate) + previous day’s average interbank rate minus the CBR + a penalty 3 percentage points.  The Bank noted: “More recently, the foreign exchange market has once more been under severe pressure.  Consequently, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Buying Time As Bull Flag Is Formed Posted: 15 Aug 2011 10:51 AM PDT The EURUSD has been buying time as it consolidates the sharp move higher this morning. The sideways to down activity has refuted one bull flag formation (green lines) but keeps open a shallower second flag (yellow line). The topside resistance comes in at the 1.4450 level currently. The support comes in at the 1.4419 level.  I would expect to find support buyers on the dip and buyers on a break above the 1.4450 level.   Risk is defined against each of the tow … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Bulls Seize The Initiative After Google’s Motorola Foray Posted: 15 Aug 2011 10:48 AM PDT Nokia bulls seize the initiative after Google's Motorola foray Today's tickers: NOK, RIMM & AEP (NYSE:NOK) – Nokia Corp. – Investors in the Finnish cellphone-maker who have watched its share price halve from its optimistic February peak were thrown a lifeline on Monday after Google said it would buy a Motorola division. The purchase of its Mobility unit was quickly pounced on by Nokia bulls after a spokesman for the company said "we use Windows too!" Shares in Nokia recovered by 12% … [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: 15 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.<br/><br/> NZD/USD was trading at 0.8296, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 0.8066, Wednesday&rsquo;s low, and resistance at 0.8390, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MedCath Profits In 3Q Posted: 15 Aug 2011 10:35 AM PDT Heath care services provider MedCath Corporation's (NASDAQ:MDTH) third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expenses) loss per share from continued operation of 4 cents missed the Zacks Consensus Estimate of earnings of 9 cents per share. However, the North Carolina-based company turned to profit (on a reported basis) in the quarter riding on gains associated with asset sales. MedCath posted a net income of $12.3 million (or 61 cents a share) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

End The Corporate Income Tax! Posted: 15 Aug 2011 10:35 AM PDT Currently, the U.S. has a very high level of corporate tax rates. However, the tax code is so riddled with loopholes, preferences and exclusions, that most companies actually pay very low effective tax rates. Corporate taxes have been declining as both a share of GDP and of federal revenues for years now (see graph below). There have been many calls to get rid of many of the loopholes and bring down rates. I have a better idea: Why don't we just get rid of the corporate income tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BNY Mellon Sued Over Pension Funds Posted: 15 Aug 2011 10:35 AM PDT The Bank of New York Mellon Corporation (NYSE:BK) has been accused by the states of Virginia and Florida of failing to provide them with the best possible prices while making foreign currency trades for their respective state pension funds. The two states are acting on 2009 whistleblower lawsuits filed by FX Analytics against the company. The two states have filed a lawsuit against BNY Mellon for overcharging the pension funds – Florida Retirement System Trust Fund and Virginia Retirement System … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Moves Off The Highs. Tests Intraday Support Posted: 15 Aug 2011 10:20 AM PDT The GBPUSD has come off and looks to test trendline support at the 1.6373 level.  Not far from that support is bull flag support at the 1.6364 level (see chart below).  A break below that level opens the door for further support at the 1.6349 (38.2% of the days range) and below that level, the 1.6332 level which was the high from August 10th.  All of this is for naught if the price is not able to get through initial support at the 1.6373 level. Holding this level keeps the bulls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.41% Posted: 15 Aug 2011 10:15 AM PDT Forexpros – European stocks were up after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.41%, London&rsquo;s FTSE 100 gained 0.57%, France&rsquo;s CAC 40 climbed 0.78% and the EURO STOXX 50 was up 0.74%.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -7.70 last month from -3.80 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Scorecard: Citrix Systems Inc Posted: 15 Aug 2011 10:05 AM PDT Citrix Systems Inc (NASDAQ:CTXS) reported blockbuster second quarter 2011 financial results, where both earnings per share (EPS) and total revenue comprehensively beat the Zacks Consensus Estimates. Global trends toward virtualization and cloud computing facilitated the company's impressive results. Second Quarter Highlights Total revenue in the second quarter of 2011 was $530.8 million, up 16% year over year and beat the Zacks Consensus Estimate of $522 million. GAAP net income was $82 million or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Continues To Slide On Weak Manufacturing Data Posted: 15 Aug 2011 10:00 AM PDT 08/15/11 The US dollar saw another slide to start the new week on weak manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Breaks Above Congestion Pattern And Targets 1767.70, 1779.50 Posted: 15 Aug 2011 09:54 AM PDT Prev: Can Gold Reverse After Blowing Off Steam? (8/9) Gold (XAU/USD) 1767.70 and 1779.50 Targets: - Gold is in a bullish breakout after spending sometime in a congestion or triangle pattern seen in the 1H chart. After breaking above 1757, the market's next higher pivot is at 1767.70 area. - Above that 1779.50 is the next pivot, within the consolidation context. - Note that the RSI never touched 30 in the 1H reading, and if it breaks above 60, that weak bearish momentum is killed. Pushing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dartmouth’s Public Summer Lecture Series, “Leading… Posted: 15 Aug 2011 09:47 AM PDT Dartmouth's public summer lecture series, "Leading Voices in Politics and Policy". The Middle Class and the Republican Party, and Economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DTS Partners With Changhong Posted: 15 Aug 2011 09:40 AM PDT DTS Inc. (NASDAQ:DTSI) will be partnering with Changhong, a Chinese television manufacturer, to provide the latter with high-performance audio technology for plasma and high-definition LCD televisions. This would enable consumers to enjoy an enhanced audio experience with refined sound quality in the Changhong television sets. Apart from Changhong, DTS audio technology is being used by five other Chinese television manufacturers namely Skyworth, Hisense, Haier, TLC and Konka. With the latest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSIQ, EOSOL In Module Supply Deal Posted: 15 Aug 2011 09:35 AM PDT Canadian Solar Inc. (NASDAQ:CSIQ) will supply 8 MW of solar modules to EOSOL Energies Nouvelles’ new ground-mounted solar power plant. EOSOL Energies Nouvelles is a major player in the development, investment and production of energy from natural resources and has specialization in solar, wind energy, biomass and solar thermal energy. The new solar power plant to be built by EOSOL Energies Nouvelles will have 39,500 modules installed on an area of 180,000 m² and will have the capacity to generate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cardica’s 4Q Loss Narrows Posted: 15 Aug 2011 09:35 AM PDT Surgical devices maker Cardica's (NASDAQ:CRDC) fourth-quarter fiscal 2011 (ended June 30) net loss per share of 11 cents was lower than both the Zacks Consensus Estimate of a loss and the year-ago quarter's loss of 13 cents. Net loss for the quarter trimmed 7.4% year over year to $2.8 million due to the combined effect of higher sales and lower costs. For the fiscal year, loss per share of 14 cents was also below the Zacks Consensus Estimate of a loss of 16 cents. Revenues for the quarter rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pulte Upgraded To Outperform Posted: 15 Aug 2011 09:35 AM PDT We upgrade our recommendation to Outperform from Neutral on PulteGroup, Inc. (NYSE:PHM), the largest builder of active communities in the U.S. Based in Bloomfield Hills, Michigan, Pulte is engaged in the homebuilding and financial services businesses primarily in the U.S. and Puerto Rico. Pulte released its 2011 second quarter results on July 28, 2011. The company reported an adjusted loss of $14 million or 4 cents per share in the quarter compared with an adjusted income of $110 million or 29 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USDA Aggressively Lowers Corn And Soybean Yield Estimates Posted: 15 Aug 2011 09:18 AM PDT Monday, August 15, 2011 With weather forecasts calling for much needed rain in more moderate temperatures in the northern parts of the Midwest, some traders believe that the USDA may have been too pessimistic on its Soybean yield estimate. Should the weather cooperate, we could see a sell-off in Soybeans, with a test of the March lows possible. Some bearish traders may possibly wish to consider exploring selling November mini-Soybeans futures, with a potential downside price target near … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kansas Bank Fails, Tally Hits 64 Posted: 15 Aug 2011 09:05 AM PDT Last Friday, U.S. regulators shuttered Olathe, Kansas-based First National Bank of Olathe, taking the number of failed banks thus far in 2011 to 64. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing on the back of an economic recovery, many smaller banks are still struggling to survive. Nagging issues like rock-bottom home prices along with still-high loan defaults and unemployment levels continue to trouble such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Conoco Postpones LNG Unit Closure Posted: 15 Aug 2011 09:05 AM PDT ConocoPhillips (NYSE:COP) plans to continue operations in its Kenai liquefied natural gas (LNG) plant in Alaska until October. The company has changed its long-standing plan to shut the plant in order to fulfill additional orders. But its original plan to abandon all operations in the plant remains unchanged. The additional orders include three from Japan and one from China. Presently, the plant continues to operate one cargo per month, mostly to Japan. The LNG plant is co-owned by Marathon Oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zimmer Reiterated Neutral Posted: 15 Aug 2011 09:05 AM PDT Recently, we reiterated our Neutral recommendation on Zimmer Holdings (NYSE:ZMH) with a target price of $54.00. Zimmer reported an adjusted EPS of $1.21 during the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of $1.19 and $1.09 in the corresponding quarter of fiscal 2010. The company reported revenues of $1,137 million during the quarter, 7.5% higher than the year-ago period (2.1% at constant exchange rates, CER) and beating the Zacks Consensus Estimate of $1,129 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yield Curves Take Back Fear-driven Gains Posted: 15 Aug 2011 08:50 AM PDT There was a muted response to the third-straight reading of contraction amongst manufacturers across the Empire State. While the dollar's slide was notable, there was little left for the treasury market to do other than unwind a slim loss. Bond dealers are likely going to have to accept smaller daily ranges and perhaps lower volatility after the Federal Reserve outlawed discussion of tighter monetary policy at last week's meeting. And that means that with permanently low yields a fixation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Highwoods Misses Estimates Posted: 15 Aug 2011 08:35 AM PDT Highwoods Properties Inc (HIW) reported second quarter 2011 FFO (fund from operations) of $45.8 million or 60 cents per share compared  with $48.7 million or  64 cents per share in the year-earlier 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 also missed  the Zacks Consensus Estimate by two cents. Excluding one time charges, FFO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD Faces Double Whammy – Weaker Fundamentals And Positive Risk Sentiment Posted: 15 Aug 2011 08:35 AM PDT Manufacturing Declines in NY Region.. The Empire Manufacturing survey gave a cold blow to the US fundamentals being the first release out of the gate for this week. It showed that New York manufacturing sector in contraction for the third straight month. The expectation had been for around a flat to slightly positive reading and the -7.7 reading instead shows that the manufacturing sector overall in the US looks likely to have another poor showing in August. The general business conditions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bohai Closes A Very Lucrative Deal Posted: 15 Aug 2011 08:20 AM PDT Grant Zeng, CFA Bohai Closes A Very Lucrative Deal      On August 10, 2011, Bohai Pharmaceuticals Group, Inc. (BOPH) consummated a significant acquisition of a complementary Traditional Chinese Medicine (TCM) company in China, Yantai Tianzheng Pharmaceutical Co., Ltd. Like Bohai, Yantai Tianzheng manufactures and distributes modernized herbal medicines based on TCM in China. Based in Yantai City, Yantai Tianzheng achieved audited revenue of $37.9 million and net income of $6.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pitney Vends Print+ Messenger Posted: 15 Aug 2011 08:20 AM PDT Pitney Bowes Inc. (NYSE:PBI) announced the sale of Pitney Bowes Print+ Messenger Color Inkjet System to Wilen Direct.  Known for delivering innovative services, Pitney Bowes provides software, hardware and services that assimilate physical and digital communications channels. Through this sell off, Pitney is helping Wilen Direct in expanding its business through highly developed customer communications management. Florida based-Wilen Direct is an operating affiliate of the Wilen Group, a full … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spectra Upped To Outperform Posted: 15 Aug 2011 08:20 AM PDT We have upped our long-term recommendation for one of North America’s premier integrated natural gas companies, Spectra Energy Corporation (NYSE:SE), to Outperform from Neutral following better-than-expected second quarter 2011 results. The quarter's outperformance was backed by expansion projects that led to higher commodity prices as well as a stronger Canadian dollar. U.S. Transmission and Distribution segments delivered better-than-expected results, while its Western Canada Transmission … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Dick’s Sporting Goods Posted: 15 Aug 2011 08:20 AM PDT Dick’s Sporting Goods Inc. (NYSE:DKS) is scheduled to release its second-quarter 2011 results on Tuesday, August 16, 2011. The Zacks Consensus Estimate is 50 cents a share for the second quarter of fiscal 2011. This represents a year-over-year estimated growth of 16.3%. First Quarter Performance      Dick’s Sporting Goods, an authentic full-line sporting goods retailer, posted strong first-quarter 2011 results, ended April 30, 2011, on the heels of higher sales and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Oriental Misses Posted: 15 Aug 2011 08:20 AM PDT American Oriental Bioengineering's (NYSE:AOB) second quarter 2011 earnings per share came in at $0.05, lower than the Zacks Consensus Estimate and the year-ago earnings by $0.02 each. Earnings in the second quarter of 2011 were hurt by lower revenues. American Oriental, based in Beijing, China, together with its wholly-owned subsidiaries, is a pharmaceutical company which develops, manufactures and commercializes both plant-based pharmaceutical and plant-based nutraceutical products. Quarter in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: UPS Posted: 15 Aug 2011 08:20 AM PDT United Parcel Services (NYSE:UPS), the world’s largest package delivery company, generated record second quarter 2011 earnings per share, announced on July 26, and expects fiscal 2011 to be a record year in terms of profits. Second Quarter Review Adjusted earnings of $1.05 beat the Zacks Consensus Estimate by a penny and were 21 cents above the year-ago earnings. Healthy U.S. Domestic Package revenue, strong export volumes in International Package as well as improved performance in Supply Chain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

El Paso Advances Spin-off, Names New Co. Posted: 15 Aug 2011 08:20 AM PDT El Paso Corporation (NYSE:EP) said it continues to smoothly move ahead with its plans to split into two publicly traded companies, spinning off its E&P business before year-end 2011. The company notified that it has taken some important steps related to the spin-off, including filing its initial Form 10 with the U.S. Securities and Exchange Commission. Along with the filing, El Paso also said the new company will be named EP Energy Corporation and will be listed on the NASDAQ stock exchange … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Punished Vs. Rivals Following Weak U.S. Data Posted: 15 Aug 2011 08:16 AM PDT Forexpros – The U.S. dollar was broadly lower against most of its major counterparts on Monday, after disappointing U.S. data on manufacturing activity in the New York region and a report showing foreigners were net sellers of U.S. assets in June weighed on dollar sentiment.&nbsp; <br /><br />During U.S. morning trade, the greenback was down against the euro, with EUR/USD jumping 1.44% to hit 1.4455.<br /><br />The European Central Bank said earlier that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Drop Below USD4.00 On Weather Outlook Posted: 15 Aug 2011 08:01 AM PDT Forexpros – Natural gas futures were down sharply on Monday, falling below the psychologically important USD4.00 level as moderating weather forecasts in the U.S., and concerns over rising production levels dragged down prices. <br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD3.966 per million British thermal units during U.S. morning trade, plunging 2.42%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google To Buy Cell Phone Maker Motorola Mobility For $12.5 Billion Posted: 15 Aug 2011 08:00 AM PDT 08/15/11 In its biggest acquisition to date, Google announced Monday that it will be buying cell phone maker Motorola Mobility for $12.5 billion is cash, a 63% premium to Motorola’s Friday closing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Higher And Higher, But Shows Some Consolidation Clues Posted: 15 Aug 2011 07:52 AM PDT The EURUSD hads moved from 1.42629 to 1.4476 over the last 4 1/2 hours of trading.  Looking at the 5 minute chart above the price has had little in the way of corrections during the run up. The price  has stayed in a  channel apart from a brief move above in the last hour or so of trading. This extesion above was rejected, however.  The channel has defined the boundaries for the pair during the surge higher. The price has dipped below the channel currently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits 4-day High After Downbeat U.S. Data Posted: 15 Aug 2011 07:48 AM PDT Forexpros – The pound rose to a four-day high against the U.S. dollar on Monday, after disappointing U.S. data on manufacturing activity in the New York region and a report showing foreigners were net sellers of U.S. assets in June weighed on dollar sentiment.&nbsp; <br /><br />GBP/USD hit 1.6397 during U.S. morning trade, the highest since August 9; the pair subsequently consolidated at 1.6393, climbing 0.68%.&nbsp; <br /><br />Cable was likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Jumps To 3-week High, Trades Above 1.4450 Posted: 15 Aug 2011 07:38 AM PDT Forexpros – The euro extended gains against the U.S. dollar on Monday, climbing to a three-week high after the European Central Bank said it bought EUR22 billion in Italian and Spanish debt last week, boosting optimism that European officials will do everything in their power to resolve the region&rsquo;s debt crisis.&nbsp; <br /><br />EUR/USD hit 1.4476 during U.S. morning trade, the highest since July 27; the pair subsequently consolidated at 1.4469, jumping 1.55%.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Ongoing Deleveraging Of American Households Posted: 15 Aug 2011 07:32 AM PDT The chart above is an update of related CD posts in May (here), showing the ongoing deleveraging of American households.   In the first quarter of 2011, household debt service for required payments on outstanding mortgage and consumer debt as a share of disposable personal income fell to 11.51%, the lowest ratio since the second quarter of 1995; and the ratio for all household financial obligations (adds automobile lease payments, rental payments on tenant-occupied property, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Mostly Flat On Mixed Data Posted: 15 Aug 2011 02:30 AM PDT 08/15/11 Following last week’s wild swings in US equities and energy prices, front month crude has started of the session relatively calm on mixed global economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD’s Correction Rally Is In A SlingShot Towards 1.06 Posted: 15 Aug 2011 07:22 AM PDT Prev: AUD/USD Stalls at Parity; a Pullback Ahead of the FOMC Meeting (8/9) AUD/USD Sling Shot and Swing Projection: - The AUD/USD broke above the 200SMA in the 1H chart, and then treated it as support in the short-term. This type of action is known as a slingshot. -  Price action first stalled in a narrow range above the 200SMA, and then broke higher during the most liquid part of the trading session (in first half of the US session, where European trading is still active). - It now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Trims Losses As Weak U.S. Data Pressures Greenback Posted: 15 Aug 2011 07:19 AM PDT Forexpros – Gold futures trimmed earlier losses on Monday, as the U.S. dollar fell to fresh session lows following downbeat data on manufacturing activity in the New York region and a report showing foreigners were net sellers of U.S. assets in June.&nbsp;&nbsp; <br />&nbsp;<br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,742.45 a troy ounce during U.S. morning trade, dipping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 15 Aug 2011 01:15 AM PDT 08/15/11 The latest in news, commentary, and information on what’s moving the US equities markets just before the NYSE opening bell including: Google’s acquisition of Motorola Mobility & a decline in Empire … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Your Move, Jean-Claude Posted: 15 Aug 2011 12:17 AM PDT Last week’s FOMC statement read [emphasis added]: To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent.  The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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