Tuesday, September 20, 2011

DailyMarkets.com - Charges Make Accuray Bleed

DailyMarkets.com - Charges Make Accuray Bleed

Charges Make Accuray Bleed

Posted: 20 Sep 2011 12:05 PM PDT

Accuray Incorporated (NASDAQ:ARAY) has slipped into a loss in fourth-quarter fiscal 2011 (ended June 30) as charges (of roughly $18.7 million) associated with its acquisition of Wisconsin-based radiation system maker TomoTherapy more than offset a healthy growth in its top-line.
The California-based leading radiosurgery systems maker posted a net loss of $25 million or 40 cents a share in the quarter versus a net income of $5 million or 8 cents a year ago. However, the adjusted (excluding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Medical Gets A New CEO

Posted: 20 Sep 2011 12:05 PM PDT

International orthopedic devices company Wright Medical Group (NASDAQ:WMGI) recently reported that its Board of Directors chose Mr. Robert J. Palmisano as President and CEO, starting from September 17, 2011. Mr. David D. Stevens, who was interim President and CEO, will remain Chairman of the Board.
Mr. Palmisano has notable expertise managing important listed medtech companies. Until recently, he was President and CEO of ev3. During his 2-year stint there, the market capitalization of ev3 jumped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xilinx Cuts Sales Guidance

Posted: 20 Sep 2011 11:25 AM PDT

Xilinx, Inc.(NASDAQ:XLNX) has revised its guidance for the September quarter. Xilinx now expects sales to be down 7–10% compared to the previous guidance of sales to be up 1% to down 3% sequentially.
The weaker-than-expected sales growth during the quarter was driven primarily by the can be traced back to Communications and Industrial and other categories.
The new guidance implies sales between $553 million and $572 million compared to the sales guidance between $621.7 million and $597.0 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Carnival Tops, Trims Outlook

Posted: 20 Sep 2011 11:25 AM PDT

Carnival Corporation (NYSE:CCL) reported third quarter 2011 adjusted earnings of $1.71 per share, breezing past the Zacks Consensus Estimate of $1.63 and showing an improvement from the year-ago quarter earnings of $1.62.
Bottom line results exclude a charge of 2 cents related to the sale of Costa Marina. Earnings also exceeded management’s guided range of $1.60–$1.64 per share.
The better-than-expected results were driven by higher net revenue yields in North America brands and lower costs, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman, Citi To Offer $1.7B In CMBS

Posted: 20 Sep 2011 11:25 AM PDT

According to Bloomberg, The Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) are planning to market commercial mortgage-backed securities (CMBS) worth $1.7 billion, after the deal was scrapped in July. The transaction was valued at $1.5 billion in July.
The primary reason for pulling the planned deal of bonds issue in July was due to Standard & Poor's (S&P) halt over rating the bonds. S&P refrained from rating the transaction as it decided to reconsider the criteria for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Willis Group

Posted: 20 Sep 2011 11:25 AM PDT

Willis Group Holdings (NYSE:WSH) continues to report higher commissions and fees. The expense-saving and efficiency-enhancing initiatives, large global presence, new business growth and solid client retention is also encouraging.
However the soft insurance market and the stressed US economy will likely restrict any significant top-line growth. We thus retain our Neutral rating on the company.
Organic growth in commissions and fees, which forms the major component of Willis' revenue, continues to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CarMax

Posted: 20 Sep 2011 11:25 AM PDT

CarMax Inc. (NYSE:KMX) announced that it would release its results for the second quarter of fiscal 2012 that ended on August 31, 2011 before the market opens on September 22, 2011. Richmond, VA-based CarMax earned a profit of 55 cents in the first quarter of fiscal 2012, beating the Zacks Consensus Estimates of 47 cents per share.
In the upcoming quarter, the Zacks Consensus Estimate for CarMax is pegged at 51 cents per share, reflecting an annualized growth of 6.60%. The downside potential of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Properties To Raise Funds

Posted: 20 Sep 2011 11:25 AM PDT

Home Properties Inc. (NYSE:HME), a multifamily real estate investment trust (REIT), has recently announced its decision to offer 5.25 million common shares to raise cash and increase liquidity. The company will also grant the underwriters an option to purchase an additional 0.8 million shares to cover any over-allotments.
BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (BAC) is acting as the sole book-running manager for the offering.
Home … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lowe’s Unveils New Brand Strategy

Posted: 20 Sep 2011 11:25 AM PDT

Giving itself a new face lift, Lowe's Companies Inc. (NYSE:LOW), the world's second largest home improvement retailer, spelled out a new tag line "Never Stop Improving" replacing the old "Let's Build Something Together", thus mirroring the company's new brand strategy.
Lowe's hinted that the new tag line reflects the company's effort of improving and developing innovative ideas to cater to the constant changing demands and preferences of consumers. We believe that the new tag … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold DZZ @ $4.41

Posted: 20 Sep 2011 11:19 AM PDT

I am not at all sure how tomorrow will play out with the Fed meeting. My hunch is that one side is going to be rather happy and the other side very disappointed. Personally, as I don’t feel that I want to be on either side this trend line break on the daily TSI (7,4) DB Gold Double Short ETN (DZZ) was just enough encouragement for me to sell my position and sit on the sidelines for the moment.

My TSI trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Declines On Economic Data, And Caution Ahead Of Fed Announcement

Posted: 20 Sep 2011 11:15 AM PDT

09/20/11 The US dollar remained slightly lower this afternoon against its major counterparts following weak economic reports and investor caution as the Fed announcement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 20 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Housing Starts.

AUD/USD was trading at 1.0302, up 0.78% at time of writing.

The pair was likely to find support at 1.0149, Monday's low, and resistance at 1.0398, Friday's high.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.57M last month, from 0.60M in the preceding month.

Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni In Russian South Stream Venture

Posted: 20 Sep 2011 11:05 AM PDT

Italian energy company, Eni SpA (NYSE:E), in association of Electricite de France SA (EDF) and Wintershall AG, signed a shareholder agreement with Russian state run gas firm OAO Gazprom to win a 50% share in the South Stream gas pipeline project.
The agreement, signed by representatives of the four companies in the presence of Russian Prime Minister Vladimir Putin, confers Eni a 20% interest in the offshore section of the pipeline, while other associates –– France's EDF and Germany's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sasol Forays Into Uzbekistan

Posted: 20 Sep 2011 11:05 AM PDT

South Africa-based petrochemicals group Sasol Ltd. (NYSE:SSL) along with its partners –– Uzbekneftegaz and Malaysia's PETRONAS –– have agreed to install a gas-to-liquids (GTL) project in Uzbekistan. In this regard, the trio has signed an investment deal with the country's Minister of Foreign Economic Relations, Investment and Trade.
Per the feasibility study conducted by Sasol, the venture has the prospects of building a GTL plant in Uzbekistan with an estimated nominal capacity of 1.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Housing Starts Down, Permits Up

Posted: 20 Sep 2011 11:05 AM PDT

Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the expected level of 575,000.

Relative to a year ago, housing starts are down 5.8%. Quite frankly, a year ago was also a pretty lousy time for the homebuilders, so the drop is off a pretty easy comp.

Given the extremely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rises On Fed Speculation, Weaker Dollar

Posted: 20 Sep 2011 06:00 AM PDT

09/20/11 Front month crude prices posted strong gains this afternoon as global equities rose, the dollar weakened, and speculation continued to grow that the Fed may announce new stimulus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session

Posted: 20 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Building Permits.

USD/JPY was trading at 76.47, down 0.16% at time of writing.

The pair was likely to find support at 76.33, Monday's low, and resistance at 77.30, Thursday's high.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BNY Mellon Sells Unsecured Notes

Posted: 20 Sep 2011 10:35 AM PDT

Last week, Bank of New York Mellon Corporation (NYSE:BK) announced the sale of its 10-year senior unsecured notes with maturity date on September 23, 2021 and a maturity value of $1 billion. The company would begin the settlement from September 23, 2011.
BNY Mellon sold these unsecured notes, having a coupon rate of 3.55%, at an issue price of $99.993. The interest will be paid semi-annually, with the first payment due on March 23, 2012. On maturity, the notes would yield 3.558%, along with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T Goes Live With 4G Services

Posted: 20 Sep 2011 10:35 AM PDT

AT&T Inc. (NYSE:T) has launched it long-awaited 4G Long-Term Evolution (LTE) wireless networks in the U.S. The LTE offers mobile broadband speeds up to 10 times faster than 3G.
The company has initially launched its services in five cities namely Atlanta, Chicago, Dallas, Houston and San Antonio and looks to cover approximately 15 markets and 70 million Americans by the end of the year. By 2013, AT&T intends to extend its 4G network to the entire American populace.
Only AT&T, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Operation Twist

Posted: 20 Sep 2011 10:30 AM PDT

Cusick’s Corner
I was not totally surprised that we saw some profit taking on the open and into the Midday due to the inability of any clear path on Greece. Global banks were the segment that was most beat up today. US banks did take some hits but weathered the pullback much better than their EU counterparts. I will be watching the results from the extended two-day meeting and the potential for “Operation Twist”, regional banks, KRE, will come under pressure with the continued squeeze to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Up

Posted: 20 Sep 2011 10:30 AM PDT

Cusick’s Corner
Running scared, the market is running to the upside with sideline cash now biting for fear of missing the next leg to the upside. This is the type of action that I have been discussing, the risk of this market was on the upside which means that under invested managers may panic when they see a market that is outperforming their heavy cash and fixed income positions, forcing a potential run to the upside. Volatility has come out of the market today, so this action looks to have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Part Of Today’s Rally…Greece Rolling Their Debt”

Posted: 20 Sep 2011 05:30 AM PDT

09/20/11 Sunrise Securities’ Ben Willis discusses expectations for the conclusion of the FOMC meeting, and weighs in on debt problems for the Euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 2.88%

Posted: 20 Sep 2011 10:05 AM PDT

Forexpros – European stocks were up after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 2.88%, London's FTSE 100 gained 1.98%, France's CAC 40 climbed 1.50% and the EURO STOXX 50 was up 2.11%.

Earlier in the day, official data showed that the number of building permits issued rose unexpectedly to a seasonally adjusted 0.62M last month, from 0.60M in the preceding month.

Analysts had expected the number of building permits issued to fall to 0.59M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On AXIS Capital

Posted: 20 Sep 2011 09:53 AM PDT

New business opportunities across several of AXIS Capital Holdings Ltd.'s (NYSE:AXS) lines of business and geography have helped the company to achieve growth in premium writings. Also, the company continues to remain strongly capitalized and focused on boosting shareholders value, through share buybacks and dividend hikes.
However, substantial exposure to losses resulting from natural disasters, man-made catastrophes and other catastrophic events and a slow top-line growth dwarfed some of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kona Grill Guides Higher For 3Q

Posted: 20 Sep 2011 09:53 AM PDT

Kona Grill Inc. (NASDAQ:KONA) has recently raised its revenue and net income guidance for the third quarter of 2011 on the back of strong sales growth. Total revenue is now expected to remain in the $24.1–$24.2 million range versus the previous expectation of $23.1–$24.1 million. An encouraging sales momentum was driven by menu improvement, restaurant remodels and marketing initiatives in an attempt to create awareness and accelerate traffic.
The updated guidance assumes same-store sales growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases In UK

Posted: 20 Sep 2011 09:35 AM PDT

A leading real estate investment trust (REIT), Prologis (NYSE:PLD), recently signed a lease with Expert Logistics for a space of 360,000 square feet. Expert Logistics is a subsidiary of DRL Holdings Ltd, the largest online kitchen appliance specialist in the United Kingdom (UK), which will occupy the entire facility.
With this strategic move, Prologis would nearly complete the lease up of its development portfolio in the UK. The leased building, named Prologis Crewe 360, gives its tenants an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Host Hotels Hikes Dividend

Posted: 20 Sep 2011 09:35 AM PDT

Host Hotels & Resorts, Inc. (HST), a real estate investment trust (REIT), recently hiked its quarterly cash dividend by 1 cent to 4 cents per share. This translates into a 33.3% increase over the prior dividend, taking the annual dividend yield as of September 19, 2011, to 1.37%. The new dividend will be paid on October 17, 2011, to stockholders of record as of September 30, 2011.
As operations continue to improve, Host Hotels expects to increase the dividend modestly over the next quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Bulls’ Grip Slipping

Posted: 20 Sep 2011 09:32 AM PDT

Tuesday, September 20, 2011
Gold bulls appear to have lost their grip on the market, which is likely largely due to the fact that much of the panic from Europe has been priced into the market. Many traders are, instead, focused on Gold as a growth and inflation play. With the dim market outlook, inflation prospects do not look good at the moment. Technically, Gold remains in the 1745-1900 trading range. Momentum seems to be moving toward the bear camp, and the downside appears to be more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Is Back And Forth As The Traders Won’t Commit

Posted: 20 Sep 2011 09:16 AM PDT

The EURUSD has been back and forth in NY trading today after falling in Asia and rising in London. The rally higher moved above trendline resistance and tested the 100 and 200 hour MA (blue and green lines in the chart above).  A move lower took the price back below the trendline broken earilier (yellow line in chart above) but could not sustain  the downside momentum (no closes below the level). The current level for the trendline comes in at the 1.3663 level. This should find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zimmer Spinal Fix For Pediatric Use

Posted: 20 Sep 2011 09:05 AM PDT

Leading medical device maker Zimmer Holdings (NYSE:ZMH) recently received pediatric clearance for its proprietary Universal Clamp Spinal Fixation System. This additional clearance, path breaking in the US, would be effective in treating children with idiopathic and neuromuscular scoliosis. The Universal Clamp Spinal Fixation System will be utilized in spinal fusion surgeries.
With 3 to 5 out of every 1,000 children in the US developing scoliosis or spine curvature and back pain, this additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Opens At Green Hills

Posted: 20 Sep 2011 09:05 AM PDT

Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer, announced the opening of a new 149,000 square feet store in Nashville, at The Mall at Green Hills. The three-level store at Green Hills will offer a wide range of clothing, accessories, shoes and cosmetics.
In the offing is a wide variety of quality, designer and luxury fashion brands at one store. Among designer brands customers would have the choice in ready-to-wear garments, accessories and handbags from Chanel and Gucci, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: First Majestic Silver Corp.

Posted: 20 Sep 2011 08:41 AM PDT

ConAgra Misses But Reaffirms

Posted: 20 Sep 2011 08:41 AM PDT

ConAgra Foods Inc. (NYSE:CAG) has reported first quarter of fiscal 2012 results, with diluted EPS (from continuing operations) of $0.20 compared with $0.32 in the year-ago quarter.
This decline of 38% reflects negative impact of short-term changes in the wheat market affecting the company's Commercial Foods segment and the inflationary pressures in the Consumer Foods segment.The results missed the Zacks Consensus Estimate of $0.31 per share.
Revenues
Net sales improved 9.5% from the year-earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AutoZone Beats, Profits Up 12%

Posted: 20 Sep 2011 08:41 AM PDT

AutoZone Inc. (NYSE:AZO) posted a 12.1% increase in profit to $301.5 million in the fourth quarter of its fiscal year ended August 27, 2011 from $268.9 million in the year-ago quarter. On a per-share basis, profits rose 26.9% to $7.18 from $5.66 in the year-ago quarter, surpassing the Zacks Consensus Estimate of $6.98.
Net sales grew 8.1% to $2.64 billion, exceeding the Zacks Consensus Estimate of $2.61 billion. Domestic same store sales, i.e., sales for stores open at least one year, rose 4.5% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&W Seed Co. Fourth Quarter Results

Posted: 20 Sep 2011 08:41 AM PDT

Ian T. Gilson, CFA
S&W Seed Co. Fourth Quarter results:

S&W Seed Co. (SANW) reported results that were ahead of our expectations with revenue ahead of a year ago, dollars in millions.  

 
4Q11A  
4Q11E 
4Q10A

Alfalfa seed revenue
1.26    
0.60 
1.22

Total revenue     
1.36  
0.70  
1.23

Operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OriginOil Update:

Posted: 20 Sep 2011 08:41 AM PDT

Ian T. Gilson, CFA
OriginOil Update:

The ticker symbol has changed back to OOIL.OB on September 19, 2011
      
Delegates to the recent Algae World Australia toured the James Cook University technology test site operated by MBD Energy and, after the conference ended, visited the demonstration site for the flue gas capture and large scale use of the OriginOil’s oil extraction technology. The conference was well attended by the press including a major Chinese language … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Deploys Google Wallet

Posted: 20 Sep 2011 08:41 AM PDT

Sprint Nextel Corp. (NYSE:S) has introduced Google (NASDAQ:GOOG) Wallet, a mobile payment service on its Samsung Nexus S 4G smartphones. Notably, Sprint is first U.S. carrier to deploy this application. Users can avail of this payment option by downloading the latest version of the Android operating system.
Google Wallet remains one of the latest innovations in e-commerce that enables users to make secure and faster payments. The service virtually transforms phones into wallets, allowing storage of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BIOLASE Gets Root Canal Patent

Posted: 20 Sep 2011 08:40 AM PDT

Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) has secured a new patent from the U.S. Patent and Trademark Office for cleaning and disinfecting root canals, a dental procedure for removing the entire internal part of the tooth and filing the cavity with bio-compatible material.
Root canal therapy, a form of endodontic surgery, is performed when the entire internal parts (mainly the pulp chamber and its contents) are infected or decayed primarily due to microbial invasion. Roughly 30 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa-China Power Ink Pact

Posted: 20 Sep 2011 08:40 AM PDT

Alcoa Inc. (NYSE:AA) has inked a venture with China Power Investment Corp., one of the largest state-owned power  producers in China, to produce high-end aluminum products in China for the growing auto, aerospace, packaging and consumer electronics markets. The terms of the joint venture were not disclosed.
The joint venture will focus on opportunities in the auto industry, aerospace, packaging and consumer electronics market in China.
The two companies signed a letter of intent that sets out … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Splits Business

Posted: 20 Sep 2011 08:40 AM PDT

Netflix Inc. (NFLX) recently announced that the company is in the process of splitting its business into two separate entities. Netflix will be carving out the DVD-by-mail business into a wholly owned subsidiary, which will be called Qwikster, while the streaming-only business will retain the "Netflix" brand.
Qwikster will be headed by Mr. Andy Rendich, who has been leading the DVD service for the last four years. Qwikster will have separate user accounts, movie ratings and billing. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL’s August Traffic Updates

Posted: 20 Sep 2011 08:40 AM PDT

GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL), recently reported passenger traffic for the month of August 2011 in comparison with the year-ago quarter and the previous quarter.
The company experienced a 10.5% year-over-year increase in demand on its total route network. Domestic demand rose by 14.1% while international demand plummeted 20.2% year over year. Spurt in domestic demand was due to expansion in the route network and incentives given to encourage air travel in seasonally low demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil To Upgrade Troll Capacity

Posted: 20 Sep 2011 08:40 AM PDT

Statoil ASA (NYSE:STO) has contracted Norway's engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million).
Per the agreement, Aibel is responsible for engineering, procurement, onshore and integrated offshore construction as well as completion of two new pre-compressors on the same field. The deal is the part of Statoil's NOK 11 billion investment in Troll A platform aimed at ensuring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philip Morris Hikes Dividend

Posted: 20 Sep 2011 08:40 AM PDT

In order to enhance shareholders’ value, the board of Philip Morris International Inc. (NYSE:PM) raised its regular quarterly dividend by 20.3% to 77 cents per share, up from 64 cents per share paid earlier.
The increased quarterly dividend will be paid on October 11, 2011 to shareholders of record as of September 27, 2011. The new annualized dividend rate is $3.08 per common share.
This was the fourth consecutive annual dividend increment after the company spun out from Altria Group Inc. (NYSE:MO) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Resumes Valhall Activities

Posted: 20 Sep 2011 08:40 AM PDT

BP Plc (NYSE:BP) has restarted oil production and exports from its Valhall field in the North Sea. All operation at the field was suspended in July when a fire broke out. The company plans to upgrade its Valhall system and expects exports from the production and compression plant to increase in the days to follow.
The fire was first spotted at a vent pipe in the Norwegian belt of the North Sea that is used to vacate gases. This could have ignited the Valhall installation. It was extinguished after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nat Gas-to-Liquids Coming To U.S.

Posted: 20 Sep 2011 08:40 AM PDT

Attentive investors may have noted an announcement last week by the large South Africa-based energy and chemicals company Sasol (NYSE:SSL).

The firm said it was commencing an eighteen-month feasibility study to determine the commercial viability of one of two options: either a two million tons per annum or four million tons per annum Gas-to-Liquids, or 'GTL,' production facility in southwestern Louisiana.

This would be the first GTL facility in the United States, indeed in the Western … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower As Fed’s FOMC Meeting Eyed

Posted: 20 Sep 2011 08:29 AM PDT

Forexpros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, as speculation over a possible fresh round of stimulus measures by the Federal Reserve weighed ahead of the central bank's extended policy meeting.

During U.S. morning trade, the greenback was down against the euro, with EUR/USD rising 0.10% to hit 1.3700.

Earlier in the day, the euro was broadly lower after Standard & Poor's downgraded its debt rating on Italy by one notch, citing weak economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Decline On Cool U.S. Weather

Posted: 20 Sep 2011 08:23 AM PDT

Forexpros – Natural gas futures declined on Tuesday, pulling back from a two-day high as mild autumn weather across most parts of the U.S. was likely to reduce demand for the fuel.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.803 per million British thermal units during U.S. morning trade, retreating 0.87%.

It earlier fell as much as 1.25% to trade at a daily low of USD3.787 per million British thermal units.

Industry weather group MDA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Gains As Fed Meeting In Focus

Posted: 20 Sep 2011 08:15 AM PDT

Forexpros – The pound extended gains against the U.S. dollar on Tuesday, rising to a fresh daily high as investor attention turned to the outcome of the Federal Reserve's policy setting meeting on Wednesday.

GBP/USD hit 1.5735 during U.S. morning trade, the daily high; the pair subsequently consolidated at 1.5731, gaining 0.16%.

Cable was likely to find support at 1.5631, Monday's low and an eight-month trough and resistance at 1.5755, Monday's high.

Markets were beginning to focus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Struggles For Direction, Turns Higher

Posted: 20 Sep 2011 07:55 AM PDT

09/20/11 US stocks kicked off the session with a modest gain, only to dip lower. By mid-morning trade, equities advanced ahead of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Triple Timeframing The Breakout To New Highs In Apple AAPL

Posted: 20 Sep 2011 07:46 AM PDT

If you were paying attention to the deteriorating economic headlines, you might not have noticed a bright spot among the bearish headlines.
Apple (AAPL) shares broke this week to new lifetime highs after giving a "triangle" breakout buy signal on the Daily Chart with a supportive structure from the higher timeframes.
Let's take a look at the Three Timeframes in Apple (AAPL) and learn a few strategies along the way:

When looking to trade a stock on a chart basis, it's often best to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie Posts Largest Gains On RBA Tone, Calming Greek Worries

Posted: 20 Sep 2011 07:30 AM PDT

Fundamental Headlines
• U.S. Housing Starts Fall to Three-Month Low – Bloomberg
• Bank of China Halts FX Swaps with some European Banks – Reuters
• Italy Credit Downgraded, French Banks Pressured – Reuters
• More EU Banks 'May Need' Recapitalization – WSJ
• SEC Probes Trades Ahead of S&P Cut to U.S. Rating – WSJ
European Session Summary
Despite a risk-averse environment very much still in place, with the Japanese Yen and the U.S. Dollar among the best performing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Top USD1,800-an-ounce Ahead Of Fed Meeting

Posted: 20 Sep 2011 07:29 AM PDT

Forexpros – Gold futures extended gains on Tuesday, climbing above the psychologically important USD1,800-an-ounce level as markets awaited the start of a two-day Federal Reserve monetary policy meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,805.75 a troy ounce during U.S. morning trade, jumping 1.64%.

It earlier rose as much as 1.85% to trade at a daily high of USD1,808.95 a troy ounce.

Markets were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Happy 5th Birthday Carpe Diem!

Posted: 20 Sep 2011 07:28 AM PDT

Carpe Diem started five years ago on September 20, 2006.  Here’s a link to CD post #1 (this current post is #8,254), which features a quote in the WSJ from Warren Buffett – not about taxes, but about whether business degrees from Ivy League universities matter for success in the business world (answer: No).  

Thanks for your readership and support!  And special thanks go to: a) Professor Lee Coppock at the University of Virginia for his initial encouragement to start an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Erases Gains As Dollar Regains Ground

Posted: 20 Sep 2011 07:22 AM PDT

Forexpros – The euro erased gains against the U.S. dollar in volatile trade on Tuesday, pulling away from a three-day high, following the release of mixed U.S. housing data and as investors began focusing on the outcome of the Federal Reserve's extended policy setting meeting on Wednesday.

EUR/USD retreated from 1.3743, the pair's highest since last Thursday, to hit 1.3681 during U.S. morning trade, slipping 0.03%.

The pair was likely to find support at 1.3493, the low of September 12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cash Back Credit Cards –Which Cash Back Card To Get?

Posted: 20 Sep 2011 07:15 AM PDT

Cash back credit cards are my favorite type of rewards cards. The reason why I like cash back cards so much is because of the fact that simply by using your card, you can earn a percentage of the amount you spend in the form of cash rebates, instead of just points or miles. In essence, this means you are saving on your expenses when shopping with your credit card. Many cash back cards give you as much as 5% cash back when you purchase from supermarkets, gas stations, drug stores, and 1% on all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF Turns Back Up To Target New Highs

Posted: 20 Sep 2011 07:09 AM PDT

 
USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week's resistance test, price pulled back slightly in its trend-breaking bullishness, to the 0.8645 price region, before turning back up. Now that price has re-tested key resistance, a strong break to the upside, which would continue the bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Data On Vertex’s Incivek

Posted: 20 Sep 2011 07:05 AM PDT

Recently, Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) announced that data from a late-stage trial on Incivek (telaprevir) was published in the September edition of the New England Journal of Medicine. The ILLUMINATE trial was conducted in treatment-naïve patients with genotype 1 chronic hepatitis C (HCV).
In the study, the drug was given in combination with pegylated-interferon and ribavirin for the first 12 weeks. The study demonstrated that about two-thirds of patients responded early to Incivek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waiting For Operation Twist

Posted: 20 Sep 2011 07:05 AM PDT

With the Greek rumor mill quieting down a bit and nothing major on the economic calendar, the market will likely shift its attention to the Fed’s two-day meeting, which gets underway today. The central bank is expected to announce the so-called ‘Operation Twist’ as a prop for the market, but the move’s relevance to the economy’s structural problems is far from clear.

Nevertheless, in the absence of anything negative from the across the pond, stocks will likely remain in a wait-and-see mode … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Copart

Posted: 20 Sep 2011 07:05 AM PDT

Copart Inc (NASDAQ:CPRT) is scheduled to announce its fourth quarter and fiscal 2011 results on September 21, 2011, after the market closes. Currently, the Zacks Consensus Estimate for the fourth quarter and fiscal year 2011 is 59 cents and $2.18 per share, respectively. The sales estimate is around $210 million and $867 million, for the same periods.
Third Quarter Overview
Copart, a provider of online auctions and vehicle remarketing services, reported net income of $50.1 million in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Pare Gains After Mixed U.S. Housing Data

Posted: 20 Sep 2011 07:04 AM PDT

Forexpros – Crude oil futures pared gains in volatile trade on Tuesday, easing off a daily high following the release of mixed U.S. housing data, while markets awaited the start of a two-day Federal Reserve monetary policy meeting later in the day.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD86.07 a barrel during U.S. morning trade, easing up 0.24%.

The October crude contract is due to expire at the end of trading on Tuesday. Contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Tests 100 Hour MA Resistance

Posted: 20 Sep 2011 06:55 AM PDT

The USDJPY has tested the 76.70 level (100 hour MA – blue line)  twice today and each time the price was turned away. The levels importance is increasing and the Bank of Japan would like the currency to weaken (higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day: Getting The Terminology Right

Posted: 20 Sep 2011 06:41 AM PDT

IBD’s Michael Ramirez.

HT: Mike … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Hits 3-day High Ahead Of Fed Meeting

Posted: 20 Sep 2011 06:40 AM PDT

Forexpros – The U.S. dollar rose to a three-day high against its Canadian counterpart on Tuesday, following the release of mixed U.S. housing data, while markets awaited the start of a two-day Federal Reserve monetary policy meeting later in the day.

USD/CAD hit 0.9942 during U.S. morning trade, the highest since September 15; the pair subsequently consolidated at 0.9929, gaining 0.22%.

The pair was likely to find support at 0.9805, Monday's low and resistance at 1.0026, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Red Hat Inc.

Posted: 20 Sep 2011 06:35 AM PDT

Red Hat Inc. (NYSE:RHT) is set to release its second quarter 2012 results on Wednesday, Sept 21, 2011. In the run up to the earnings results, we do not notice any substantial movement in analysts' estimates for the quarter.
Looking Back at 1Q12
Red Hat reported earnings per share (EPS) of 18 cents (including stock-based compensation expenses but excluding amortization), which increased 28.6% year over year from 14 cents reported in the year-earlier quarter.
The year-over-year earnings growth was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

If Private, Social Security Would Be Illegal

Posted: 20 Sep 2011 06:35 AM PDT

Thomas Sowell weighs in on Social Security:

“The fundamental problem of Social Security is that the irresponsible way its finances are set up, and the changing demographics of the country, mean that there is simply not going to be enough money in its trust fund to pay today’s young people what they are legally entitled to, when time comes for them to retire.

Declining birth rates and greatly increasing lifespans have created havoc with Social Security’s finances, which are based on having the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant Delivers GPS III Hardware

Posted: 20 Sep 2011 06:25 AM PDT

Alliant Techsystems Inc. (NYSE:ATK), yesterday, celebrated the first major hardware delivery under the Lockheed Martin Corp. (NYSE:LMT) contract awarded in April 2010. Alliant delivered the first two A2100 composite satellite structures and the first ship set of propellant tanks for the GPS III satellites Lockheed Martin is building for the U.S. Air Force.
The GPS III structure, made from lightweight, high-strength composite materials, and the propellant tanks were delivered to Lockheed Martin’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Boeing Company, BP P.l.c., Cabot, Netflix, NYSE Euronext, Prana Biotechnology Ltd, Stein Mart, Tyco International, Ltd.

Posted: 20 Sep 2011 06:25 AM PDT

    Shares of Boeing Inc. (NYSE:BA) declined by more than 1.8% after the airline maker said it was unable to deliver its first 747-8 freighter because of issues with its Luxemborg-based customer Cargolux

    Shares prices of Cabot Corp.(NYSE:CBT) fell 5.65% after an analyst at Jefferies slashed his rating for the maker of specialty chemicals citing low growth potential of the company

    Retailer Stein Mart Inc.’s (NASDAQ:SMRT) stock fell 7.99% to close at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Start Strong Despite Italian Debt Downgrade

Posted: 20 Sep 2011 01:15 AM PDT

09/20/11 NYFP’s Morning Market Brief: The global equities are all in the green this morning despite a downgrade of Italian debt by Standard & Poor’s. Attention returns to Greece as the finance minister will hold a second teleconference … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Holds Above Broken Trendline At 1.3676 Area

Posted: 20 Sep 2011 06:13 AM PDT

The EURUSD is finding support against the underside of the broken trendline at the 1.3676 currently. On the topside the 100 and 200 hour MA found sellers.  Traders playing the ranges in the uncertain environment.  US weak. EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Erases Losses As Sentiment Recovers

Posted: 20 Sep 2011 06:09 AM PDT

Forexpros – The euro erased losses against the yen on Tuesday, pulling back from an almost 10-year low amid hopes that Greece was close to receiving the next tranche of bailout funds following a report in the Wall Street Journal, citing a Greek finance ministry official.

EUR/JPY pulled away from 103.97, the daily low to hit 104.96 during European afternoon trade, gaining 0.12%.

The pair was likely to find support at 103.91, the low of September 12 and a 10-year low and resistance at 105.51, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

YRCW Receives Stakeholders’ Consent

Posted: 20 Sep 2011 06:05 AM PDT

The world's leading transportation service provider, YRC Worldwide (NASDAQ:YRCW), received approval from its existing shareholders to issue fresh shares in the market for restructuring its sagging finances.
Earlier, in April 2011, YRC Worldwide entered into a deal with its creditors and labor union Teamsters Brotherhood to reconsider its financial position. The lenders are expected to inject fresh capital in return of equity capital and convertible debts. If this deal succeeds, the lenders will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liquidity Risk Shrinked At Cabela’s

Posted: 20 Sep 2011 06:05 AM PDT

In a move to tone down liquidity risk, World's Foremost Bank, a fully owned subsidiary of Cabela's Inc. (NYSE:CAB), recently announced that it has entered into a $411.7 million accord with Royal Bank of Canada aligned with variable funding notes issued by Cabela's Credit Card Master Note Trust.
The three-year accord involves payment at variable rate of the commercial paper in addition to a spread.
Few months back, Cabela's announced that its Credit Card Master Note Trust has concluded the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Wholesale Sales Rise More-than-expected

Posted: 20 Sep 2011 05:57 AM PDT

Forexpros – Canadian wholesale sales rose more-than-expected in July, official data showed on Tuesday.

In a report, Statistics Canada said wholesale sales rose by 0.8% in July, doubling expectations for a 0.4% gain.

June's figure was revised down to a flat reading from a previously reported 0.2% increase.

Canadian wholesale sales totaled CAD48.2 billion in July.

Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD edging 0.14% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omaha Hokum: The Entire Buffett Rule Is False

Posted: 20 Sep 2011 05:46 AM PDT

“So here we are back at the same old political stand, though even Mr. Obama concedes that today those he routinely calls “millionaires and billionaires” pay at least some tax. The President’s complaint, echoing billionaire Warren Buffett, is that too many billionaires pay a lower rate than regular salary earners. So even as he endorsed tax reform in general yesterday, Mr. Obama insisted that one of his reform “principles” is that people who make more than $1 million must pay a higher tax rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Hold Gains After Housing Data; Dow Up 0.7%

Posted: 20 Sep 2011 05:44 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Tuesday, buoyed by sharp gains in European equities and as markets awaited the start of a two-day Federal Reserve monetary policy meeting later in the day.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a gain of 0.7%, S&P 500 futures signaled a rise of 0.85%, while the Nasdaq 100 futures indicated a 0.9% increase.

Stock futures held on to gains after official data showed that U.S. building permits rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF/EURCHF Moves Sharply Higher. Rumor Of A New Target For EURCHF

Posted: 20 Sep 2011 05:40 AM PDT

Market talk that the SNB is to move target 1.2500 tomorrow. This is unconfirmed but is what is being talked about in the market. The EURCHF has moved sharply higher to the 1.2139 level.  This is considerably less than the proposed target of 1.2500. This is indicative of the rumor nature of the news. Nevertheless the pair is sharply higher.  I will be watching the 38.2% and 50% retracement levels for clues.  If the market players are on board, these levels should be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Building Permits Rise To 7-month High In August

Posted: 20 Sep 2011 05:36 AM PDT

Forexpros – The number of building permits issued in the U.S. rose unexpectedly in August, climbing to the highest level since January official data showed on Tuesday.

In a report, the U.S. Census Bureau said the number of building permits issued in August rose 3.2% to a seasonally adjusted 0.62 million from 0.60 million in July.

Analysts had expected building permits to decline 1.8% to 0.59 million units in August.

U.S. housing starts dropped 5.0% in August to hit a seasonally adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NSN Unveils Liquid Technology

Posted: 20 Sep 2011 05:35 AM PDT

Nokia Siemens Networks (NSN), the 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI), recently launched an innovative product that may change the competitive landscape of the telecom infrastructure gear market. Liquid technology is a software solution for network infrastructure that drastically reduces the need for dedicated hardware. With the massive growth of smartphones and tablets, the demand for bandwidth increases significantly. Instead of traditional voice call, data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

APD To Buy Back $1B Shares

Posted: 20 Sep 2011 05:35 AM PDT

Air Products & Chemicals Inc. (NYSE:APD) announced the completion of its current $1 billion share repurchase program with the repurchase of $299 million shares this quarter. Air Products also announced that its board authorized a new $1 billion share repurchase program.
As of August 31, 2011, Air Products had 210 million shares outstanding.
On September 15, 2011, the board of directors of Air Products also declared a quarterly dividend of 58 cents per share of common stock, to be payable on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Student Loan Co-Signer Wants Out – Is This Possible?

Posted: 20 Sep 2011 05:24 AM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Pushes Through 38.2% Retracement

Posted: 20 Sep 2011 05:14 AM PDT

The EURUSD has pushed to new highs and in the process moved above the 38.% of the move down from the September 15th high to low on September 19th. That level comes in at the 1.37195. The next target above is the 100 and 200 hour MA at the 1.3334/13340 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Slides As Fed FOMC Meeting Looms

Posted: 20 Sep 2011 05:14 AM PDT

Forexpros – The U.S. dollar slipped against its major counterparts on Tuesday, erasing earlier gains as investors began to weigh the prospects for fresh monetary easing measures after the Federal Reserve's policy meeting on Wednesday.

During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.16% to hit 1.3710.

Sentiment on the single currency was hit earlier after Standard & Poor's downgraded its debt rating on Italy by one notch, citing weak … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Prices Rise In Anticipation Of FOMC Announcement

Posted: 20 Sep 2011 04:59 AM PDT

Talking Points

Crude Oil Bounce with Risk Appetite Likely to Prove Temporary
Gold, Silver Outlook Hinges on Wednesday's FOMC Announcement

WTI Crude Oil (NY Close): $85.70 // -2.26 // -2.57%
Crude prices remain closely correlated to the S&P 500, with strong gains in futures tracking the benchmark stock index ahead of the opening bell on Wall Street corresponding with gains in the WTI contract and pointing the way higher in North American trade. Augusts' US Housing Starts and Building … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Eases Off Daily Low But Risks Remain

Posted: 20 Sep 2011 04:32 AM PDT

Forexpros – The pound eased off the daily low against the U.S. dollar on Tuesday, as risk aversion waned but gains were capped amid ongoing concerns over the debt crisis in the euro zone and the prospect of more easing by the Bank of England.

GBP/USD pulled back from 1.5656, the daily low, to hit 1.5693 during European afternoon trade, still down 0.06%.

Cable was likely to find support at 1.5631, Monday's low and an eight-month trough and resistance at 1.5755, Monday's high.

Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Off Daily Low But Upside Limited

Posted: 20 Sep 2011 04:06 AM PDT

Forexpros – The euro erased losses against the U.S. dollar on Tuesday, pulling away from the days low as risk appetite revived, but gains were limited amid ongoing worries over the financial crisis in the single currency bloc.

EUR/USD pulled back from 1.3592, the daily low, to hit 1.3691 during European early afternoon trade, inching up 0.03%.

The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and resistance at 1.3720, Monday's high.

The common … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Erases Losses As Risk Appetite Revives

Posted: 20 Sep 2011 03:33 AM PDT

Forexpros – The euro erased early losses against the pound on Tuesday, as risk appetite staged a modest recovery after Greece fully paid EUR769 million in bond coupons and after Japan indicated that it may buy more euro zone bonds.

EUR/GBP pulled back from 0.8677, the daily low, to hit 0.8715 during European late morning trade, inching up 0.02%.

The pair was likely to find support at 0.8669, Monday's low and resistance at 0.8788, Monday's high.

In an interview with the Wall Street … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Futures Rebound On U.S. Winter-wheat Crop Concerns

Posted: 20 Sep 2011 03:24 AM PDT

Forexpros – Wheat futures were up for the first time in four days on Tuesday, rebounding from a six-week low as adverse weather conditions in the U.S. threatened to further delay planting of winter-wheat crops.

On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.8362 a bushel during European morning trade, surging 1.65%.

It earlier rose as much as 1.68% to trade at USD6.8375 a bushel.

The U.S. Department of Agriculture said in its weekly crop progress … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Slips Lower But Remains In Narrow Range

Posted: 20 Sep 2011 02:49 AM PDT

Forexpros – The U.S. dollar dipped against the Swiss franc on Tuesday, but the pair remained in a tight range close to a four-month high as concerns over the financial crisis in the euro zone supported demand for the greenback as a safe haven.

USD/CHF hit 0.8798 during European morning trade, the daily low; the pair subsequently consolidated at 0.8801, slipping 0.16%.

The pair is likely to find support at 0.8685, last Friday's low and resistance at 0.8927, the high of September 12 and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Turn Higher; DAX Climbs 1.3%

Posted: 20 Sep 2011 02:22 AM PDT

Forexpros – European stock markets were broadly higher on Tuesday, erasing earlier losses suffered in the wake of a downgrade to Italy's credit rating, while U.S. future indices pointed to a modestly higher open on Wall Street.

During European morning trade, the EURO STOXX 50 climbed 0.85%, France's CAC 40 rose 0.55%, while Germany's DAX 30 rallied 1.3%.

European equities were down after the open after ratings agency Standard & Poor's downgraded Italy's sovereign credit rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German ZEW Economic Sentiment Declines Less-than-expected

Posted: 20 Sep 2011 02:11 AM PDT

Forexpros – German economic sentiment declined in August, dropping for the seventh consecutive month as the sovereign debt crisis in the euro zone continued to weigh on sentiment, industry data showed on Tuesday.

In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment fell by 5.7 points to minus 43.3 September from a reading of minus 37.6 in August.

Analysts had expected the index to decline to minus 44.1 in August.

On the index, a level above 0.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Modestly Higher As Euro Woes Hit Risk Appetite

Posted: 20 Sep 2011 01:43 AM PDT

Forexpros – The U.S. dollar was modestly higher against almost all of its major counterparts on Tuesday, as ongoing concerns over the financial crisis in the euro zone supported demand for safe haven assets.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.17% to hit 1.3662.

Sentiment on the single currency suffered a fresh blow after Standard & Poor's downgraded its debt rating on Italy by one notch, citing weak economic growth and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Edge Higher In Volatile Trade

Posted: 20 Sep 2011 01:34 AM PDT

Forexpros – Crude oil futures edged higher in volatile trade on Tuesday, erasing earlier losses suffered in the wake of a downgrade to Italy's credit rating, while easing concerns about oversupply underpinned prices.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD86.38 a barrel during European morning trade, gaining 0.55%.

The October crude contract is due to expire at the end of trading on Tuesday.

Meanwhile, the more actively traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Near 8-month Low As EZ Fears Weigh

Posted: 20 Sep 2011 01:19 AM PDT

Forexpros – The pound was almost unchanged against the U.S. dollar on Tuesday, trading close to an eight-month low as concerns over the financial crisis in the euro zone and the prospect for more easing by the Bank of England weighed.

GBP/USD hit 1.5656 during early European trade, the daily low; the pair subsequently consolidated at 1.5698, slipping 0.03%.

Cable was likely to find support at 1.5631, Monday's low and an eight-month trough and resistance at 1.5755, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Firmer In Recent Trade

Posted: 20 Sep 2011 01:07 AM PDT

Its been a pretty quiet session thus far tonight, even with the arrival of European markets. Despite the lack of data the Euro has silently been grinding higher, gaining over 100 pips against the USD over the last 3 hours. On the hourly chart the next topside target is 1.37195; the 38.2% retracement line on the move from last Thurday's high to yesterday's low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Dips As EZ Fears Support Safe Haven Demand

Posted: 20 Sep 2011 12:46 AM PDT

Forexpros – The U.S. dollar slipped against the yen on Tuesday, as mounting fears over the debt crisis in the euro zone supported safe haven buying, but investors remained wary about the possibility of further intervention by Japan to weaken the yen.

USD/JPY hit 76.46 during late Asian trade, the daily low; the pair subsequently consolidated at 76.51, slipping 0.10%.

The pair was likely to find short-term support at 76.32, Monday's low and resistance at 76.97, Monday's high.

Fears over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Game Of Chicken Begins

Posted: 20 Sep 2011 12:43 AM PDT

In this Greek crisis, the struggle is over money. Who pays the most?

Both the Germans and the Greeks know this. The Germans (mainly) hold the purse strings, but they don’t hold all the cards. They may push the Greek government into austerity programs in order to extract greater savings and fewer euros in the rescue package, but the Greeks also know that they can cause the eurozone to collapse.

So they play a game of chicken.

It is therefore with interest that in the latest round, Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Advance After Italy Debt Downgrade

Posted: 20 Sep 2011 12:32 AM PDT

Forexpros – Gold futures regained strength on Tuesday, after rating agency Standard & Poor's downgraded Italy's sovereign debt rating, fuelling concerns that the euro zone's debt crisis is worsening.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,788.25 a troy ounce during late Asian trade, climbing 0.65%.

It earlier rose as much as 0.75% to trade at a daily high of USD1,790.35 a troy ounce.

S&P downgraded Italy's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down After Italy Downgrade Hits Risk Appetite

Posted: 20 Sep 2011 12:14 AM PDT

Forexpros – The New Zealand dollar was down sharply against its U.S. counterpart on Tuesday, as concerns over the financial crisis in the euro zone escalated, dampening investor demand for riskier assets.

NZD/USD hit 0.8165 during late Asian trade, the pair's lowest since last Thursday; the pair subsequently consolidated at 0.8198, shedding 0.61%.

The pair was likely to find support at 0.8119, last Thursday's low and an almost one-month low and resistance at 0.8286, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investor Visit To Avingtrans (10th October 2011)

Posted: 20 Sep 2011 12:08 AM PDT

Investor Visit to Avingtrans, a British Manufacturing Success
Mark Bentley has arranged an investor visit/tour of Stainless Metalcraft, a subsidiary of a Avingtrans Plc. Avingtrans' CEO, Steve McQuillan and Metalcraft MD Peter Kenny will be leading the visit. It represents a great opportunity to find out what is happening "at the coalface" in a British manufacturer of leading-edge components. Metalcraft takes a proactive approach to training and is heavily involved through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Trims Losses After RBA Minutes

Posted: 20 Sep 2011 12:00 AM PDT

Forexpros – The Australian dollar trimmed losses against its U.S. counterpart on Tuesday, pulling back from a five-week low but the pair remained vulnerable amid ongoing concerns over the financial crisis in the euro zone.

AUD/USD pulled away from 1.0146, the pair's lowest since August 11, to hit 1.0207 during late Asian trade, still down 0.11%.

The pair was likely to find support at 1.0109, the low of August 11 and resistance at 1.0314, Monday's high.

The Australian dollar found … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Drop As Euro Zone Fears Grow; Nikkei Down 1.6%

Posted: 19 Sep 2011 11:48 PM PDT

Forexpros – Asian stock markets were broadly lower on Tuesday, as a downgrade of Italy's credit rating added to fears over the euro zone's ongoing sovereign debt crisis.

During late Asian trade, Hong Kong’s Hang Seng Index fell 0.55%, Australia's ASX/200 Index dropped 1.1%, while Japan's Nikkei 225 Index tumbled 1.6%.

Ratings agency Standard & Poor's downgraded Italy's sovereign credit rating by one notch to A/A-1 and kept its outlook on negative, citing weakening economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Sharply Lower After S&P Cuts Italy’s Rating

Posted: 19 Sep 2011 11:29 PM PDT

Forexpros – The euro was sharply lower against the U.S. dollar on Tuesday, after Standard & Poor's downgraded Italy's sovereign debt rating, while uncertainty over whether Greece will receive its next trance of aid also weighed.

EUR/USD hit 1.3594 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3613, shedding 0.53%.

The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and resistance at 1.3720, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss Trade Surplus Narrows More-than-expected In August

Posted: 19 Sep 2011 11:19 PM PDT

Forexpros – Switzerland’s trade surplus narrowed more-than-expected in August, as the strong Swiss franc weighed on exports, official data showed on Tuesday.

In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services narrowed to CHF0.81 billion in August, down from CHF2.81 billion in July, whose figure was revised from CHF2.83 billion.

Economists had expected the trade surplus to narrow to CHF1.97 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German PPI Declines Unexpectedly In August

Posted: 19 Sep 2011 11:14 PM PDT

Forexpros – German producer price inflation declined unexpectedly in August, official data showed on Tuesday.

In a report, Destatis, Germany’s statistics office said that its producer price index fell by a seasonally adjusted 0.3% in August, confounding expectations for a 0.2% gain. German PPI rose by 0.7% in July.

Year-on-year, German producer price index rose at an annualized rate of 5.5% in August, after advancing at a rate of 5.8% in July. Analysts expected year-on-year PPI to rise at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: J2 Global Communications, Inc.

Posted: 19 Sep 2011 11:05 PM PDT

 
J2 GLOBAL COMM (JCOM): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: CACI International

Posted: 19 Sep 2011 11:05 PM PDT

 
CACI INTL A (CACI): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Telesp S.A.

Posted: 19 Sep 2011 11:05 PM PDT

We are downgrading our recommendation to Underperform from Outperform on Telesp S.A. (NYSE:VIV). Although the Vivo merger boosted Telesp’s existing operations, competition in fixed-line and mobile businesses weigh on its results. We are skeptical about the company’s ability to regain lost profitability of the fixed-line business.
Tariff cuts or changes in government regulations would also create added pressure. All these factors might restrict potential synergies derived from the merger and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: SM Energy Co. (SM)

Posted: 19 Sep 2011 11:05 PM PDT

SM Energy Co. (NYSE:SM) reported stellar second-quarter 2011 results, buoyed by higher production, divestitures and higher price realization. The company also experienced a considerable 58% jump in production volume during the quarter, exceeding its target range.
Furthermore, SM Energy remains upbeat regarding production for this year and the next, given impressive performances by three Galvan Ranch Eagle Ford wells and additional capacity coming online through 2012. We believe that the company’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 19 Sep 2011 10:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3623, down 0.47% at time of writing.

The pair was likely to find support at 1.3587, Monday's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8693 and EUR/JPY falling 0.54% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 19 Sep 2011 10:25 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5672, down 0.21% at time of writing.

The pair was likely to find support at 1.5634, Monday's low, and resistance at 1.5869, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8686 and GBP/JPY falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How To Find Stocks In A Wyckoff Mark Up Phase

Posted: 19 Sep 2011 10:22 PM PDT

To make money in stocks the best phase to find profits is in either the mark up or mark down phase, here we show how to find stocks, currencies, bonds, commodities having a mark up or down phase.

Please watch the video, it shows off our Alpha and Swing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

At USD, School Of Nursing And Health Science Is 96.5% Female But It Got $600,000 In Taxpayer Funding To Increase Female Professors In STEM?

Posted: 19 Sep 2011 08:37 PM PDT

Among administrators and deans at the University of San Diego, females are well-represented.  For example, the president, provost and VP for Student Affairs are female (top three above) and three of the university’s six academic deans are female (bottom three above).  Among chairs and faculty in science, social science and math departments, females are also well-represented including:

1. Math and Computer Science Department: Female chair and 7  out of 15 faculty.   … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In Mid-day Asian Trade

Posted: 19 Sep 2011 08:10 PM PDT

Forexpros –
Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Tuesday, following the downgrade of Italy's debt rating, raising new concerns that Europe's debt problems may be worsening.
In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD slipping 0.59% to hit 1.3604.
Late Monday, Standard & Poor's reduced Italy's sovereign credit rating from A plus to A saying, "The downgrade reflects our view of Italy's weakening … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower In Mid-day Asian Trade

Posted: 19 Sep 2011 07:33 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian Monday, following the downgrade of Italy's credit rating and renewed fears of a worsening of Europe's debt crisis.
In mid-day Asian trade USD/JPY hit 76.76, the pair's lowest since Monday; the pair subsequently consolidated at 76.52, falling 0.09%.
The pair was likely to find support at 76.33, Monday's low, and resistance at 77.58 last Monday's high.
Late Monday, Standard & Poor's reduced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New FBI Numbers Reveal Failure Of “War On Drugs”: One Drug Arrest Every 19 Seconds In The U.S.

Posted: 19 Sep 2011 07:18 PM PDT

WASHINGTON, D.C. — “A new FBI report released today shows that there is a drug arrest every 19 seconds in the U.S. A group of police and judges who have been campaigning to legalize and regulate drugs pointed to the figures showing more than 1.6 million drug arrests in 2010 as evidence that the “war on drugs” is a failure that can never be won.

“Since the declaration of the “War on Drugs” 40 years ago we’ve arrested tens of millions of people in an effort to reduce drug use. The fact that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Decline In Early Trade; Nikkei Falls 1.5%

Posted: 19 Sep 2011 06:41 PM PDT

Forexpros –
Forexpros – Asian stocks moved lower in Monday trade, following the downgrade of Italy's credit rating, heightening concerns over Europe's ongoing sovereign debt crisis.
During early Asian trade, Hong Kong's Hang Seng Index slumped 2.76% to 18,917.90, Japan's Nikkei 225 Index fell 1.53% to 8,728.44, and Australia's S&P/ASX 200 edged down 0.43% to 4,058.40.
Along with the Nikkei, the broader-based Topix Index of all issues listed on the first section of the Tokyo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Falls In Early Asian Trade

Posted: 19 Sep 2011 06:02 PM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Monday, dragged down by falling equities and worries that a Greek debt default would curb global demand for energy.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD85.50 a barrel during early Asian trade, dropping 0.59%, after hitting a daily high of USD86.14.
Earlier Monday, Greece's Finance Ministry said it had held "productive and substantive discussion" with European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Recover In Early Asian Trade

Posted: 19 Sep 2011 05:20 PM PDT

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Monday, bouncing back from a fall below USD1,800 an ounce, following dips in global stock markets and concerns over Greece's ability to secure a new batch of bailout funds.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,824.75 a troy ounce during early Asian trade, up 0.21%, after hitting a low of USDS1,774.65.
Gold earlier dropped nearly USD36, its lowest level in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In Early Asian Trade

Posted: 19 Sep 2011 04:41 PM PDT

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in Asian trade Tuesday, as talks between European finance officials and Greece failed to instill confidence in a speedy implementation of the nation's next round of financial aid.
EUR/USD hit 1.3607 in early Asian trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 1.3603, falling 0.61%.
The pair was likely to find support at 1.3500, last Monday's low, and resistance at 1.3937, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 19 Sep 2011 04:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3603, down 0.61% at time of writing.

The pair was likely to find support at 1.3587, today's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8686 and EUR/JPY falling 0.57% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

News Corp Eyes Social Gaming

Posted: 19 Sep 2011 04:00 PM PDT

According to Bloomberg, News Corporation's (NWSA) Shine Group has recently acquired Bossa Studios, a London-based company, engaged in the social network gaming market since October 2010. However, the financial terms of the deal were not disclosed.
With its first digital acquisition, Shine plans to tap the highly popular social gaming market following the footsteps of CityVille of Zynga Inc. and Texas HoldEm Poker. Moreover, Shine plans to bring in money through the Bossa Studios'debut … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab’s Monthly DARTs Improve

Posted: 19 Sep 2011 04:00 PM PDT

Last week, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for August 2011, recording 35% jump in client activity compared with July 2011 and 57% compared with August 2010. The company's Daily Average Revenue Trades (DARTs) stood at 545,300 during the month under review.
Similarly, Schwab registered an increase in new assets, with net inflow of $62.4 billion in August (including inflows of $56.1 billion from a mutual fund clearing services client) as against a net inflow of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Household Wealth Falls In Q2

Posted: 19 Sep 2011 03:58 PM PDT

09/19/2011 The Federal Reserve reported that household wealth in the April-June quarter fell by 0.3 percent to %58.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Symantec Unveils Norton One

Posted: 19 Sep 2011 03:35 PM PDT

IT security major Symantec Corporation (NASDAQ:SYMC), recently rolled out an enhanced personalized security service product named Norton One, which is expected to protect consumers across multiple devices. The product is expected to provide the option of selecting a combination of solutions that work for them to provide total security for the connected household. End users will be able to access the service from the first half of 2012.
As per the data from the company's market research department, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabot Reiterates 3Q Volume Outlook

Posted: 19 Sep 2011 03:35 PM PDT

Independent energy exploration and production company Cabot Oil & Gas Corporation (NYSE:COG) retained its third quarter production guidance and projected output levels for the fourth quarter. The company does not foresee the recent operational disturbances and the logistics of moving gas in northeast Pennsylvania as affecting the output level.
Cabot guided for a combined oil and gas production of 521–567 million cubic feet equivalent (mmcfe) per day in the third quarter, reflecting strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POSCO Keeps Neutral Rec

Posted: 19 Sep 2011 03:35 PM PDT

We currently maintain a Neutral recommendation on South Korean steelmaker POSCO (NYSE:PKX), the world's third largest steelmaker on the basis of output.
The company primarily manufactures steel for the shipping and construction industries and operates through its two steel production facilities, the Pohang Works and the Gwangyang Works.
The company's consolidated group has a total of 202 companies with roughly 143 companies engaged in steel, steel supports, trading and material related works, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Highwoods Increases FFO Guidance

Posted: 19 Sep 2011 03:35 PM PDT

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently increased its fiscal 2011 FFO (fund from operations) guidance from $2.48-$2.56 per share to $2.52-$2.60, keeping in view the accretive effect of the just-concluded acquisitions of two of the most sought-after office properties.
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.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 19 Sep 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.

NZD/USD was trading at 0.8200, down 0.61% at time of writing.

The pair was likely to find support at 0.8122, Thursday's low, and resistance at 0.8342, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.09% to hit 1.2402 and EUR/NZD rising 0.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Federal Reserve Meeting Begins, US Housing Starts And Building Permits

Posted: 19 Sep 2011 03:20 PM PDT

09/19/11 The 2-day FOMC meeting kicks off on Tuesday. US housing starts and building permits for August will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Reward Balances Coach

Posted: 19 Sep 2011 03:05 PM PDT

Being a leading American marketer of fine accessories and gifts, Coach Inc. (NYSE:COH) boasts of a proven strategy of investing in stores to enhance store sales productivity through product innovation, compelling pricing strategy, new merchandise assortments, and a cost-effective global sourcing model, which should help drive comparable-store sales and operating margins in the long term.
Management remains confident of sustaining double-digit growth momentum in both top and bottom lines, after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alkermes Buys Elan’s EDT Unit

Posted: 19 Sep 2011 03:05 PM PDT

Recently, Alkermes, Inc. (NASDAQ:ALKS) announced the completion of the purchase of Elan Corporation's (NYSE:ELN) drug delivery unit, Elan Drug Technologies. The merger, announced in May 2011, was approved by the shareholders of Alkermes on September 8, 2011.
The merged entity, known as Alkermes plc, is headquartered in Dublin, Ireland. Alkermes, prior to the merger, was headquartered in Waltham, Massachusetts. Alkermes plc primarily focuses on developing therapies for treating deficiencies of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EIA Reports Bearish Gas Build

Posted: 19 Sep 2011 02:35 PM PDT

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies on the back of higher production, as well as benign fall temperatures that restricted the commodity's demand for power burn.   
The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘The Sharks Will Soon Be Swimming Our Way’

Posted: 19 Sep 2011 02:26 PM PDT

(Image: source)
While I’m not sure Professor Laurence J. Kotlikoff’s solution to the mess we are in, which involves a fundamental restructuring of the tax system along with other fixes collectively known as The Purple Plans, has any chance of being adopted in the absence of a full-blown crisis — which has historically been the only real impetus to fixing broken economic and political systems — the grim assessment of where things stand he offers in a CNN op-ed, “America’s Debt Woe Is Worse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Data On Amgen’s Prolia

Posted: 19 Sep 2011 02:25 PM PDT

Amgen (NASDAQ:AMGN) recently presented new long-term data on Prolia (denosumab). Results from a phase II study extension showed that postmenopausal women with low bone mass or osteoporosis undergoing treatment with Prolia for up to eight years experienced a continued increase in bone mineral density (BMD) and a persistent reduction in markers of bone turnover.
These results were presented at the annual meeting of the American Society for Bone and Mineral Research (ASBMR).
Amgen reported that BMD at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Bed Bath & Beyond

Posted: 19 Sep 2011 02:25 PM PDT

Bed Bath & Beyond Inc. (NASDAQ:BBBY) is scheduled to release its second-quarter 2011 results on Wednesday, September 21, 2011. The Zacks Consensus Estimate is pegged at 84 cents a share for the second quarter of fiscal 2011. This portends an estimated increase of 20% from the prior-year quarter.
First Quarter 2011, Synopsis
The company’s first-quarter earnings rose approximately 20% to 72 cents per share from the year-ago earnings of 52 cents per share, handily surpassing its earnings guidance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LSI Corp. Remains Neutral

Posted: 19 Sep 2011 02:25 PM PDT

We continue to maintain our Neutral recommendation on LSI Corporation (NYSE:LSI).
LSI Corp. recently sold its external storage systems business (accounting for roughly 27% of total sales) to NetApp Inc. (NASDAQ:NTAP) for $480 million in cash. The storage business generated revenues of $705 million in 2010. LSI Corp will retain its RAID adapter business, which develops MegaRAID and 3ware storage controllers and software for direct-attached storage environments.
We view this divestiture as positive. Not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson Builds Battery Plant In China

Posted: 19 Sep 2011 02:25 PM PDT

Johnson Controls Inc. (NYSE:JCI) plans to invest $100 million for building an automotive battery plant in China. The plant will manufacture start-stop batteries and supply to global and local automakers in Asia. It is expected to begin production in early 2013.
Start-Stop system is an emerging technology that saves power/fuel in battery/gasoline powered vehicles. The Start-Stop technology automatically shuts down and restarts the internal combustion engine when the driver engages the clutch or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Five Trade Ideas For Tuesday, Sept 20

Posted: 19 Sep 2011 02:15 PM PDT

( click to enlarge )

Apple Inc. (NASDAQ:AAPL) traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in AAPL, so keep it on your radar the next few days.

( click to enlarge )

Zagg Inc (ZAGG) looks like is testing the support level, but if it breaks through that level there could be a quick drop. This has been a strong stock and this could just be a buyable dip, but be careful because RSI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australia Harsher On Smoking

Posted: 19 Sep 2011 02:05 PM PDT

The Australian government has taken a stricter stance on tobacco giants, imposing higher taxes plus a rule to expand the size of existing graphic warning labels. The recent ruling entails cigarette manufacturers to sell their products in plain packages with warning labels occupying at least three fourths of the front side, compared with the current 30%, when the law takes effect on January 1, 2012.
The bill passed the lower house unopposed and will now go to the upper house, where it is not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases In Japan

Posted: 19 Sep 2011 02:05 PM PDT

Prologis (PLD) recently signed two lease contracts for a total space of 410,200 square feet in Prologis Park Kawajima, located near Tokyo. This new facility is 70.0% leased totaling 1.55-million square feet, and comprises seismic resistance technology. Seismic resistance technology is a set of technical equipments aimed at mitigating seismic impacts in building  structures.
Amongst the two leases, the first lease is with one of Prologis' largest global customer totaling 327,000 square … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wells Fargo Acquires Procomp

Posted: 19 Sep 2011 02:05 PM PDT

On Friday, Wells Fargo Insurance Services, a division of  Wells Fargo & Company (NYSE:WFC), disclosed the completion of the acquisition of New Jersey-based Procomp Benefit Resources Inc. in early September. The financial terms of the deal were not disclosed.
Established in 1997, Procomp is an employee benefits brokerage and consulting firm. The company provides employee benefits, voluntary benefits, individual life and disability, and retirement services to middle-market and large … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 19 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3692, down 0.78% at time of writing.

The pair was likely to find support at 1.3587, today's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8718 and EUR/JPY falling 1.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 19 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 76.58, down 0.28% at time of writing.

The pair was likely to find support at 76.33, today's low, and resistance at 77.30, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.84% to hit 1.3684 and GBP/USD falling 0.57% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Good Fight

Posted: 19 Sep 2011 01:37 PM PDT

So the really big fight — perhaps the defining battle of 2012 — won't be over Medicare. It won't even be over Obama's jobs program.
It will be over whether the rich should pay more taxes.
The President has vowed to veto any plan to tame the debt that doesn't increase taxes on the rich. The Republicans have vowed to oppose any tax increases on the rich.
It's a good fight to have.
In a Rose Garden ceremony this morning, Obama proposed new taxes on the wealthy, a special new tax for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Solar Finds Ways To Compete

Posted: 19 Sep 2011 01:35 PM PDT

Solar cell company  First Solar Inc. (NASDAQ:FSLR) has decided to trim its cost of production and increase efficiency of solar cells in order to compete with Chinese solar cell producers.
The Chinese solar cell producers are now leading the worldwide solar cell market, backed by financing from the Chinese Bank and  advancements in technology to tap solar energy.
In order to remain competitive with its Chinese peers, First Solar has developed a cell that has the capacity to transform 17.3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bristol-Myers Presents HCV Data

Posted: 19 Sep 2011 01:35 PM PDT

Recently, Bristol-Myers Squibb Company (NYSE:BMY) presented encouraging data from a phase II study (n=48) which evaluated its candidate BMS-790052 in combination with peginterferon and ribavirin (standards of care) for treating patients suffering from the hepatitis C virus (HCV). Bristol-Myers presented data from the mid-stage study at the 51st interscience conference on antimicrobial agents and chemotherapy held in the US.
The double-blind study evaluated BMS-790052 at three doses (3 mg, 10 mg or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equity LifeStyle Secures Funding

Posted: 19 Sep 2011 01:35 PM PDT

Equity LifeStyle Properties, Inc. (NYSE:ELS), a real estate investment trust (REIT) that owns and operates lifestyle-oriented properties, has recently obtained a debt of $100 million collateralized by 10 manufactured home communities and an RV (recreational vehicle) resort.
The debt facility, scheduled to mature in 2021, bears an annual interest rate of 5.0% and requires an interest-only payment for the first two years.
In concurrence with its corporate strategy to own high-quality resort … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 19 Sep 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3687, down 0.82% at time of writing.

The pair was likely to find support at 1.3587, today's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8717 and EUR/JPY falling 1.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.94%

Posted: 19 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were mixed after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.94%, the S&P 500 index shed 0.98%, while the Nasdaq 100 index climbed 0.12%.

Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 3.00%; Germany's DAX shed 2.83%; Britain's FTSE 100 declined 2.03%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BHP Downgraded To Neutral

Posted: 19 Sep 2011 12:55 PM PDT

We recently downgraded our recommendation on BHP Billiton Limited (NYSE:BHP) to Neutral from Outperform.
The downgraded rating is backed by the execution risk and interruptions in the mining operations that the company has been facing over time, due to natural disasters, devastation of industrial infrastructure like power, logistics, etc.
Moreover, delays related to government permit toward project development and civil engineering have also been leading to higher operating cost for the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSX, Kinder Morgan In Ethanol Deal

Posted: 19 Sep 2011 12:55 PM PDT

CSX Corporation (NYSE:CSX) and Kinder Morgan Energy Partners (NYSE:KMP) have partnered in a venture to transport ethanol into Tampa, Florida through a train-to-pipeline distribution system.
With support from Tampa Port Authority (TPA), both parties will transport ethanol from Midwest to central Florida markets through 100-car unit trains serving Kinder Morgan's Tampa Terminal. The TPA will assist in building rail track and infrastructure to manage train deliveries and offloading yard at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 19 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday.

GBP/USD was trading at 1.5703, down 0.56% at time of writing.

The pair was likely to find support at 1.5634, today's low, and resistance at 1.5869, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.29% to hit 0.8715 and GBP/JPY falling 0.91% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The “Buffett Rule” Is Based On Flawed, Anecdotal Evidence; National Data Show That “Super-Rich” Pay Avg. Tax Rates 2-3X Higher Than A Secretary

Posted: 19 Sep 2011 12:51 PM PDT

Adjusted Gross Income, 2009
   Average Federal
  Income Tax Rate (%)  

$10,000 under $15,000
6.8%

$15,000 under $20,000
6.6%

$20,000 under $25,000
8.7%

$25,000 under $30,000
9.7%

$30,000 under $40,000
10.0%

$40,000 under $50,000
10.6%

$50,000 under $75,000
11.6%

$75,000 under $100,000
12.3%

$100,000 under $200,000
16.3%

$200,000 under $500,000
24.6%

$500,000 under $1,000,000
28.8%

$1,000,000 under $1,500,000
29.4%

$1,500,000 under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: VIX Pops 10%

Posted: 19 Sep 2011 12:37 PM PDT

Cusick’s Corner
The market felt good about itself but the weekend did raise some additional concerns about the EU and what further actions will be necessary to avert a greater issue than 2008. Now for me it just means that volatility is still on the agenda, VIX popped 10%, and the market may be reacting to the potential that the Fed may not do as much in the way of QE as anticipated. Either way the lack of volume on this move still has me believing that the high velocity trade has more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Nike

Posted: 19 Sep 2011 12:35 PM PDT

The global leader of sports equipment and apparel maker, Nike Inc. (NYSE:NKE) is expected to report first quarter 2012 earnings on Thursday, September 22, 2011. The Zacks Consensus Estimate for the first quarter is $1.21 per share. This represents a year-over-year growth of 6%.
Fourth quarter Recap
Nike posted strong fiscal 2011 fourth-quarter earnings of $1.24 per share, up 17.0% from the year-ago earnings of $1.06 per share, handily beating the Zacks Consensus Estimate of $1.16 per share.
Strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genomic Health: Cancer Study Results

Posted: 19 Sep 2011 12:35 PM PDT

Genomic Health (NASDAQ:GHDX) will present results of five studies covering breast and colon cancer at a conference during September 23-27 in Stockholm, Sweden. Presentations will include results from six countries supporting cost effectiveness of the company's flagship product Oncotype DX.
Besides, a study conducted in Japan reconfirmed that Oncotype DX reduces the use of chemotherapy in early-stage breast cancer patients, including those with lymph node positive status. Moreover, studies from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Strikes 4-Year Deal With UAW

Posted: 19 Sep 2011 12:35 PM PDT

General Motors Co. (NYSE:GM) reached a tentative four-year agreement with the United Auto Workers (UAW) that covers 48,500 workers of the automaker. The company reached the agreement after nearly seven weeks of bargaining with UAW.
Under the new agreement, GM will hike the entry-level workers' pay by $2 to $3 an hour. Starting pay will rise to about $16 an hour from $14 and increase to $19 an hour from $16 previously. According to UAW President Bob King the pay hike would help workers achieve a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes New Day Highs

Posted: 19 Sep 2011 12:34 PM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Up In U.S. Trading Hours

Posted: 19 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday.

USD/CHF was trading at 0.8811, up 0.62% at time of writing.

The pair was likely to find support at 0.8648, Thursday's low, and resistance at 0.8875, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.74% to hit 1.3698 and USD/JPY falling 0.37% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 19 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday.

USD/CAD was trading at 0.9914, up 1.37% at time of writing.

The pair was likely to find support at 0.9780, Friday's low, and resistance at 0.9950, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.97% to hit 1.3665 and GBP/USD falling 0.65% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 19 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3682, down 0.86% at time of writing.

The pair was likely to find support at 1.3587, today's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.29% to hit 0.8715 and EUR/JPY falling 1.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rises, Euro Slide Continues As Greece Default Fears Grow

Posted: 19 Sep 2011 10:40 AM PDT

09/19/11 The euro continued its slide to start the new trading week as Greece debt default concerns continued to mount, keeping investors away from higher-yielding, riskier assets this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Europe Does Not Have…TARP-like Structure”

Posted: 19 Sep 2011 05:30 AM PDT

09/19/11 Meridian Equity Partners’ Stephen Guilfoyle discusses ongoing Euro-zone worries weighing on equities, and weighs in on Obama’s deficit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Sees A Steep Slide On Stronger Dollar, Eurozone Uncertainty

Posted: 19 Sep 2011 05:10 AM PDT

09/19/11 Front month crude prices were in the red to start off the new trading week as investors were digesting growing eurozone debt crisis concerns and a stronger US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Tumble On Greek Debt Woes

Posted: 19 Sep 2011 02:57 AM PDT

09/19/2011 Wall Street tracked global equity markets lower, with the equity average off by -1.5%. The USD and JPY gained on risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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