Friday, September 23, 2011

DailyMarkets.com - Citi ThankYou Preferred And Chase Ink Bold Now Offer 50,000 Bonus Points

DailyMarkets.com - Citi ThankYou Preferred And Chase Ink Bold Now Offer 50,000 Bonus Points

Citi ThankYou Preferred And Chase Ink Bold Now Offer 50,000 Bonus Points

Posted: 23 Sep 2011 07:35 AM PDT

Citi (NYSE:C) and JPMorgan Chase (NYSE:JPM) have just launched 2 new time-limited cards, both of which offer 50,000 bonus points to new sign-ups. These new card offers are exclusive to readers of DailyMarkets.com. Both of these cards are limited-time offers which will expire soon, so apply while this promotion is still available!

The Citi ThankYou Preferred Rewards Card is a rewards card with no annual fee that rewards you in points for every dollar you spend, giving you a signing bonus of 50,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nike Exceeds Estimates

Posted: 23 Sep 2011 07:00 AM PDT

Nike Inc. (NYSE:NKE) posted strong fiscal 2012 first-quarter earnings of $1.36 per share, up 19.3% from the year-ago earnings of $1.14 per share, handily beating the Zacks Consensus Estimate of $1.21 per share.
Strong quarterly growth in revenue coupled with lower selling and administrative expenses as a percentage of revenue, tax efficiencies and lower average share count drive the company to post a record first-quarter 2012 earnings.
Quarterly Details
Despite macroeconomic headwinds, Nike’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dr. Reddy’s Launches Generic Exelon

Posted: 23 Sep 2011 07:00 AM PDT

Dr. Reddy's Laboratories (NYSE:RDY) recently announced the US launch of the generic version of Novartis AG's (NYSE:NVS) Exelon. The drug is available worldwide as a treatment for Alzheimer's disease dementia and dementia associated with Parkinson’s disease.
The generic drug will be available in 1.5 mg, 3 mg, 4.5 mg and 6 mg strengths as Rivastigmine Tartrate Capsules.
According to IMS Health, the US sales of Exelon and its generic equivalents amounted to about $92.6 million for the twelve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Rotating Down. Trendline Support At 0.9019.

Posted: 23 Sep 2011 06:54 AM PDT

The USDCHF failed yesterday on the break above channel trendline. The failure led to a decline to the bottom trendline support. The price his moving back dwon toward support at the 0.9019 trendline. A move below would open the door for further declines with the 0.8676 level (38.2% retracement as the next target support).  The 100 hour MA and shallower trendline at the 0.8948 and 0.8934 are other downside targets. 
On the topside a move above the  0.9067 and then 0.9080 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 23 Sep 2011 06:50 AM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7831, up 0.35% at time of writing.

The pair was likely to find support at 0.7724, today's low, and resistance at 0.8288, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.44% to hit 1.2538 and EUR/NZD falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Following S&P 500 Lower, Gold Liquidation Gathers Steam

Posted: 23 Sep 2011 06:45 AM PDT

Talking Points

Crude Oil Selling Continues as S&P 500 Leads Risky Assets Lower
Gold Liquidation Gathers Steam After Fed Policy Announcement

WTI Crude Oil (NY Close): $80.51 // -5.41 // -6.30%
Prices took out the 38.2% Fibonacci extension support at $80.97 and are now testing the 50% level at $78.03, with sharp losses on S&P 500 stock index futures ahead of the opening bell on Wall Street pointing to continued selling as the WTI contact continues to fall in line with broad-based risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Extends Slide Before U.S. Session Despite G-20 Pledge

Posted: 23 Sep 2011 06:45 AM PDT

Fundamental Headlines
• Dow Heads For Worst Weekly Drop since 2008 – Bloomberg
• ECB Ready to Act Next Month if Outlook Worsens – Bloomberg
• Greek Default Talk Gathers Pace – Reuters
• Economic Signals Heighten Worries of a Double-Dip – WSJ
• Moody's Downgrades 8 Greek Banks – WSJ
European Session Summary
As equity markets head towards fresh lows on the year, there has been a significant move away from risk across the globe. While the carnage is not as evident in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Pharma Faces Lawsuit Heat

Posted: 23 Sep 2011 06:36 AM PDT

Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) and Novartis AG (NYSE:NVS) filed a lawsuit against Amphastar Pharmaceuticals, Inc. and Watson Pharmaceuticals Inc. (NYSE:WPI) regarding the generic version of Sanofi-Aventis' (NYSE:SNY) Lovenox. The lawsuit was filed in United States District Court for the District of Massachusetts.
The lawsuit claims that Amphastar Pharma’s generic Lovenox, which was approved by the US Food and Administration (FDA) on September 19, infringes two of Momenta’s US patents. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: ConAgra Foods, EBay, FedEx, Foster Wheeler Ltd., Goodrich, Hewlett-Packard Company, CarMax Inc, Logitech International S.A., Red Hat, Treehouse Foods, United Technologies, Yanzhou Coal Mining Company Limited

Posted: 23 Sep 2011 06:36 AM PDT

    Meg Whitman has been named the new Chief Executive Officer of Hewlett Packard (NYSE:HPQ). Whitman was formerly CEO of online auction and shopping site eBay (NASDAQ:EBAY)

    FedEx (NYSE:FDX) posted fiscal Q1 EPS of $1.46, falling short of the Zacks Consensus Estimate by a penny. Revenue rose 11% year-over-year to $10.52 billion, surpassing the Zacks Consensus Estimate of $10.33 billion

    United Technologies (NYSE:UTX) said it will buy Goodrich Corp … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA Partners With Aeria Games

Posted: 23 Sep 2011 06:36 AM PDT

Video game developer and publisher Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, has entered into a distribution agreement with Aeria Games to display its top Play4Free titles in the latter's network. Battlefield Heroes, the arcade shooter game, will be the first title to be available in the Aeria Games network. Soon to follow will be Need For Speed World.
Aeria Games is touted to be the most successful publisher of high quality online free-to-play games in North America, Europe and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Uncertainty Weighing On Markets

Posted: 23 Sep 2011 06:35 AM PDT

Market technicians have been telling us for days now that this market was stuck in a narrow range of about 100 points on the S&P 500 — between 1120 and 1220. We have been back and forth between those two points a number of times since early August and we got back to the bottom of that range again on Thursday. Do we bounce back from here, as we have done a few times in recent weeks, or establish a new bottom?

I am not the one who can see all those fancy shapes and pictures in charts that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Operation Twist” Begins With A Thud!

Posted: 23 Sep 2011 06:31 AM PDT

Friday, September 23, 2011
Equity futures have sold-off sharply since the Fed announcement of the beginning of “Operation Twist”, setting a test of major support near the 1100.00 area. Volatility as measured by the VIX has moved above 40.00 once again, which is the fifth time we have been above this key level since August. The spike in volatility makes option premiums rather rich, which could make short-option strategies attractive to more aggressive traders. Some aggressive traders who believe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 23 Sep 2011 06:25 AM PDT

Forexpros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2202, down 0.28% at time of writing.

The pair was likely to find support at 1.2050, Monday's low, and resistance at 1.2344, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.19% to hit 1.3488 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: 15-Yr. Fixed Rates At Record Low

Posted: 23 Sep 2011 06:24 AM PDT

The 15-year fixed mortgage rate fell to a new all-time low this week of 3.29%, according to Freddie … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Bounces After Failed Break Lower

Posted: 23 Sep 2011 06:08 AM PDT

The GBPUSD failed on a break lower in early NY trade and the price moved higher. IT is now testing (well above) the first resistance area with 1.5444 level. The next target would be the high for the day and above that key resistance against the 1.54868 which is the 50% midpoint of the move up from the May 2010 low to the high (see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Wins Lawsuit, Saves Patent

Posted: 23 Sep 2011 06:05 AM PDT

Monsanto Co. (NYSE:MON), the world’s largest seed company, announced that it won another lawsuit against Indiana soybean farmer, Vernon Bowman. In 2007, the company sued the soybean farmer, accusing him of patent infringement for planting and saving seeds containing Monsanto’s genetically altered Roundup Ready technology.
As per Bowman, he bought the seeds as part of a mix of commodity seeds. In its court proceedings, the U.S. Court of Appeals for the Federal Circuit in Washington issued a verdict … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HON Maintains FY11 Outlook

Posted: 23 Sep 2011 06:05 AM PDT

Honeywell International Inc. (NYSE:HON) reiterated its full-year 2011 financial guidance and expects its third-quarter 2011 earnings per share to be at the high-end of its guidance range. Sales for 2011 are anticipated to be in the range of $36.1-36.7 billion, representing an increase of 12% to 14% from 2010 sales. The divested Consumer Products Group business (CPG) is excluded from 2011 sales guidance.
Proforma earnings per share, including 25 cents per share from discontinued operations, is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 23 Sep 2011 06:00 AM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 1.0263, down 0.21% at time of writing.

The pair was likely to find support at 0.9806, Monday's low, and resistance at 1.0361, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.09% to hit 1.3476 and GBP/USD rising 0.61% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Romney Has 10-Point Lead Vs. Perry On Intrade

Posted: 23 Sep 2011 05:59 AM PDT

In the last several weeks, Romney’s odds on Intrade of being the Republican nominee for president have surged to an all-time high of 42.2% while Perry’s odds have fallen to 32.4%, giving Romney almost a ten-point advantage.  That reverses a 8.4% gap in favor of Perry earlier in the month.  I guess that means Romney won the debate last night? … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Borders Defined

Posted: 23 Sep 2011 05:48 AM PDT

The 1.3459 level is the close from yesterday. The 1.34717 is the 38.2% of the days range.  On the downside the 1.3407-20 is support from the 50% of the move up from June 2010 low and the support area from yesterday. A move outside will be needed to spur on further action.  1.3500 area  is the 100 and 200 bar MA on chart above and target for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEMIG Stays Neutral

Posted: 23 Sep 2011 05:35 AM PDT

We recently maintained a Neutral recommendation on Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG. The company is one of the largest integrated electric utilities in Brazil and has more than 6,896 megawatts of installed generation capacity.
In the recently reported second-quarter 2011 financial results, the company fared well and posted net earnings increase of 29% year over year. The company's top line escalated 11% on the back of higher prices for electricity sold and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Fact Of The Day: Obese Outnumber Hungry, “Excess Nutrition” Kills More Than Hunger.

Posted: 23 Sep 2011 05:32 AM PDT

Yahoo News — Obese people now outnumber the hungry globally, but hardship for the undernourished is increasing amid a growing food crisis, the International Federation of the Red Cross warned Thursday. The Geneva-based humanitarian group focused on nutrition in its annual World Disasters Report, released in New Delhi, seeking to highlight the disparity between rich and poor, as well problems caused by a recent spike in prices.

In statistics used to underline the unequal access to food, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Bounces Off The Support. Test Resistance Now.

Posted: 23 Sep 2011 05:30 AM PDT

The EURUSD bounced off the support (see prior post) at the 1.3407-20 area (the low came in at 1.3418) and is now up testing the close from yesterday at 1.3459 and  above that the 1.3471 level.  The 38.2% of the move down from the daily trade comes in at 1.3472 currently.  A move above these levels opens up the window for further gains in the pair.  A move back below the close from yesterday at 1.3459 will be needed to rotate the price back lower. Decision time for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RadioShack To Sell NOOK E-reader

Posted: 23 Sep 2011 05:10 AM PDT

RadioShack Corp. (NYSE:RSH), the leading electronics and wireless devices retailer in the U.S., recently entered into an agreement with  Barnes & Noble Inc. (NYSE:BKS). As per the agreement, starting from October 3, 2011, RadioShack will offer the innovative NOOK series of e-reading devices and related accessories from over 3,000 stores and online site throughout the U.S. The company will sell various types of NOOK devices, such as the Nook Simple Touch Reader with a 6-inch screen for $139, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 23 Sep 2011 05:00 AM PDT

Forexpros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8725, down 0.56% at time of writing.

The pair was likely to find support at 0.8671, Monday's low, and resistance at 0.8795, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3438 and EUR/JPY falling 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Pressured Lower As NY Enters

Posted: 23 Sep 2011 04:33 AM PDT

The EURUSD squeezed higher in the Asian session and tried again in the early phases of the London session but has moved back lower in the last few hours of trading. Greece bank downgrades, comments about Greek default, comments that European bank are underestimating the writedown on Greek bonds by as much as 21%. Finland is balking about EFSF flexibility, and rumblings about political reluctance in Greece to go through with austerity.
From a technical perspective, the price is below the close … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 23 Sep 2011 04:30 AM PDT

Forexpros – The British Pound was higher against the Swiss Franc on Friday.

GBP/CHF was trading at 1.3990, up 0.32% at time of writing.

The pair was likely to find support at 1.3824, Tuesday's low, and resistance at 1.4150, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.54% to hit 1.5427 and EUR/GBP falling 0.62% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 23 Sep 2011 04:00 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9748, up 0.06% at time of writing.

The pair was likely to find support at 0.9692, Thursday's low, and resistance at 1.0312, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3805 and AUD/JPY rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Up During The European Session

Posted: 22 Sep 2011 08:03 PM PDT

By ForexMansion.com
Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.
NZD/USD was trading at 0.7831, up 0.35% at time of writing.
The pair was likely to find support at 0.7724, today's low, and resistance at 0.8288, Monday's high.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.44% to hit 1.2538 and EUR/NZD falling 0.10% to hit 1.7236.
Forexpros

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

EUR/CHF Down In European Trade

Posted: 22 Sep 2011 07:32 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the Swiss Franc on Friday.
EUR/CHF was trading at 1.2202, down 0.28% at time of writing.
The pair was likely to find support at 1.2050, Monday's low, and resistance at 1.2344, Thursday's high.
Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.19% to hit 1.3488 and EUR/JPY rising 0.10% to hit 102.73.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/CAD Down In European Trading Hours

Posted: 22 Sep 2011 07:03 PM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday.
USD/CAD was trading at 1.0263, down 0.21% at time of writing.
The pair was likely to find support at 0.9806, Monday's low, and resistance at 1.0361, Thursday's high.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.09% to hit 1.3476 and GBP/USD rising 0.61% to hit 1.5438.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/GBP Down During The European Session

Posted: 22 Sep 2011 06:03 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the British Pound on Friday.
EUR/GBP was trading at 0.8725, down 0.56% at time of writing.
The pair was likely to find support at 0.8671, Monday's low, and resistance at 0.8795, Wednesday's high.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3438 and EUR/JPY falling 0.22% to hit 102.41.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 22 Sep 2011 05:33 PM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the Swiss Franc on Friday.
GBP/CHF was trading at 1.3990, up 0.32% at time of writing.
The pair was likely to find support at 1.3824, Tuesday's low, and resistance at 1.4150, Thursday's high.
Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.54% to hit 1.5427 and EUR/GBP falling 0.62% to hit 0.8720.
Forexpros

About ForexMansion.com:

The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Up In European Trading Hours

Posted: 22 Sep 2011 05:01 PM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.
AUD/USD was trading at 0.9748, up 0.06% at time of writing.
The pair was likely to find support at 0.9692, Thursday's low, and resistance at 1.0312, Tuesday's high.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3805 and AUD/JPY rising 0.06% to hit 74.30.
Forexpros

About ForexMansion.com:

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

USD/CHF Down During The European Session

Posted: 22 Sep 2011 04:32 PM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.
USD/CHF was trading at 0.9060, down 0.29% at time of writing.
The pair was likely to find support at 0.8790, Tuesday's low, and resistance at 0.9183, Thursday's high.
Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.07% to hit 1.3473 and USD/JPY rising 0.001% to hit 76.23.
Forexpros

About ForexMansion.com:

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