Wednesday, September 28, 2011

DailyMarkets.com - Hot Option Plays: Fast & Furious

DailyMarkets.com - Hot Option Plays: Fast & Furious

Hot Option Plays: Fast & Furious

Posted: 28 Sep 2011 12:32 PM PDT

Cusick’s Corner
I want to apologize; I have been running behind primarily due to this market action which has been fast and furious. Into the midday and early afternoon this action has been to the downside with sentiment shifting to very bearish, highlighted by the Downgrade with the financial space. I take this as a potential contrarian stance but one issue I have is that the market did not break the ceiling formed yesterday, 1185 on the S&P futures and this is a technical sign of weakness … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Core Durable Goods Orders.

USD/CHF was trading at 0.8988, up 0.33% at time of writing.

The pair was likely to find support at 0.8926, today's low, and resistance at 0.9144, Monday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

Raytheon Completes NexGn OCX Review

Posted: 28 Sep 2011 12:15 PM PDT

Raytheon Company (NYSE:RTN) successfully completed the preliminary design review for the Global Positioning System Next Generation Operational Control System ("GPS OCX"). In the process, the assessment of the architectural and technical maturity of the program design was done by the U.S. Air Force Space and Missile Systems Center’s ("SMC") GPS Directorate.
The review assessed and endorsed the program’s development approach, cost estimates and delivery schedule. It validates the design and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 28 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

USD/CAD was trading at 1.0289, up 0.94% at time of writing.

The pair was likely to find support at 1.0144, Tuesday's low, and resistance at 1.0386, Monday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

Polar Wireless Business Model Looks Promising

Posted: 28 Sep 2011 12:05 PM PDT

Polar Wireless Business Model Looks Promising
Ken Nagy, CFA

Polar Wireless (BCDI) is a mobile virtual network operator (MVNO), which intends to monetize its proprietary technology. The firm's SIM cards work in conjunction with current providers to eliminate roaming charges without the hassle of changing phone numbers or customer behavior. Fast growing mobile phone technology combined with the uptick in global travel has made the world a very small space, however high costs and hassles … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: BBBY

Posted: 28 Sep 2011 12:05 PM PDT

Specialty retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) recently announced financial results for the second quarter of fiscal 2011.
Street analysts had a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Review
Bed Bath & Beyond Inc. reported better-than-expected second-quarter 2011 results on the heels of strong growth in sales and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Athenahealth Initiated At Outperform

Posted: 28 Sep 2011 12:05 PM PDT

We initiate our coverage on Athenahealth (NASDAQ:ATHN), a leading provider of electronic health record ("EHR") for medical establishments, with an Outperform rating. Second-quarter fiscal 2011 earnings per share of 14 cents beat the Zacks Consensus Estimate of 11 cents. Revenues of $78 million came in ahead of the Zacks Consensus Estimate of $75 million.
The company's web-based deployment provides a low-cost scalable service while its flexible rules engine leads to higher efficiency in claims … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

EUR/USD was trading at 1.3578, down 0.06% at time of writing.

The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

Optimer’s Dificlir Backed In EU

Posted: 28 Sep 2011 11:35 AM PDT

Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) and partner Astellas Pharma recently announced that their antibiotic Dificlir received a positive recommendation for approval in the European Union (EU). The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommended approving Dificlir in the EU for the treatment of clostridium difficile-associated diarrhea (CDAD) also known as clostridium difficile infection (CDI). CDAD is the most common nosocomial or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Life, Quidel Tie Up In Europe

Posted: 28 Sep 2011 11:35 AM PDT

Life Technologies Corporation (LIFE) recently signed an agreement with Quidel Corporation (NASDAQ:QDEL) to distribute and commercialize the latter's molecular diagnostic assays in Europe. Financial terms of the deal were not disclosed.
According to Kim Caple, the head of molecular diagnostics at Life Technologies, the company currently derives 10% of revenues from molecular diagnostics, which is expected to increase in the next few years.
Under the agreement, Life Technologies, with a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSDG Moves Tests 100 Hour MA Level

Posted: 28 Sep 2011 11:16 AM PDT

As US stocks move lower as the close approaches, and worries about Greece remain in the forefront of traders minds, the "risk off" trade starts. The USDSGD  (US dollar vs Singapore dollar) has been a currency pair effected and it has moved higher on the flight into the US dollar.  The pair has run into resistance against the prior high for the day at the 1.2924 level and the 100 hour MA however, and traders – who are long - seem content to book profits as the NY day heads … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 28 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

AUD/USD was trading at 0.9815, down 0.98% at time of writing.

The pair was likely to find support at 0.9622, Monday's low, and resistance at 0.9986, Tuesday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

Microsemi Finally Clinches Zarlink

Posted: 28 Sep 2011 11:05 AM PDT

Microsemi Corp. (NASDAQ:MSCC) has amended its tender offer to acquire all of the outstanding shares and debentures of Canada's Zarlink Semiconductor Inc. for a total transaction value of about $525 million, net of Zarlink’s US$107 million cash balance.
Over the past several months, Zarlink had rejected three of Microsemi's takeover attempts. In May, Microsemi had made its first $3.00 per share bid for Zarlink. Barely a month later, the company raised its proposal to between $3.25 and $3.55. A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests 38.2% Of The Move Higher At 1.3564

Posted: 28 Sep 2011 11:00 AM PDT

News that  Italy, Spain and France imposed or kept short selling bans in effect have the markets nervous of bad news out of Greece.   The has the EURUSD down testing the 38.2% at the 1.3564. A move below the level would signal additional downside potential with the 1.3525 level where the 50% and the 200 hour MA is found.  Interim support may be found at 1.3538 which is the low for the trading day today. Resistance above not at the 1.3591 level where the broken trendline and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Breaks Out Of Narrow Daily Trading Range And Extends

Posted: 28 Sep 2011 10:54 AM PDT

Prior to the recent break lower, the GBPUSD has been in a narrow trading range (72 pips). The move lower has extended the range and has broken the 200 hour MA in the process. The next target for the pair comes in at the 1.55588 level which is hte 38.2% of the move up from the September 22nd … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Beats, Guides Favorably

Posted: 28 Sep 2011 10:50 AM PDT

Accenture plc (NYSE:ACN) reported fourth quarter fiscal 2011 earnings per share (EPS) of 91 cents, beating the Zacks Consensus Estimate of 89 cents. Earnings increased 37.1% from the year-ago quarter aided by higher revenues and margins, lower share count and tax rate as well as favorable foreign-exchange rates. Shares jumped 3.82% in after-hour trade.
Revenues
Accenture reported fourth quarter net revenue of $6.69 billion, up 23.4% from $5.42 billion reported in the year-ago quarter. Net revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.

USD/JPY was trading at 76.46, down 0.47% at time of writing.

The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

Forex Trading: AUDUSD Tests 100 Hour MA

Posted: 28 Sep 2011 10:43 AM PDT

The AUDUSD is down testing the 100 hour MA (blue line in the chart above).  A break opens the door for further selling in the pair.  The AUDJPY is also looking vulnerable with a break below it's 100 hour MA and 50% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AES Subsidiary To Issue Notes

Posted: 28 Sep 2011 10:35 AM PDT

The AES Corporation (NYSE:AES) announced that it would issue $1.25 billion worth of senior notes in a private offering by its newly formed, wholly-owned special purpose indirect subsidiary, Dolphin Subsidiary II, Inc.
The private offering of senior notes consists of $450 million in aggregate principal amount with a coupon rate of 6.50% due 2016 and senior notes worth $800 million in aggregate principal amount with a coupon rate of 7.25% due 2021. The offering is expected to close on October 3, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conoco To Shed Trainer Refinery

Posted: 28 Sep 2011 10:35 AM PDT

ConocoPhillips (NYSE:COP) plans to either sell or close its refinery unit in Trainer, Pennsylvania, as well as associated pipelines and terminals, after being unable to cope with foreign imports, lower fuel demand and strict regulations. The move also reminds us of the U.S. oil company's objective to get rid of unprofitable refinery units.
The company's intent was made more obvious by its decision to immediately idle the facility and eventually permanently close the Trainer refinery, should it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Window-dressing This Week…jobs Next Week”

Posted: 28 Sep 2011 10:26 AM PDT

09/28/11 LandColt Trading’s Todd M. Schoenberger discusses the end of the quarter, fundamentals and Amazon’s release of tablet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Slides As Supplies Unexpectedly Rise

Posted: 28 Sep 2011 05:15 AM PDT

09/28/11 A surprising rise in crude stockpiles according to the EIA paved the way for a slide in crude futures this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 0.89%

Posted: 28 Sep 2011 10:05 AM PDT

Forexpros – European stocks were down after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 0.89%, London's FTSE 100 shed 1.44%, France's CAC 40 declined 0.92% and the EURO STOXX 50 was down 0.79%.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

Analysts had expected Core durable goods orders to rise 0.2% last month.

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

Forex – GBP/USD Down In U.S. Trade

Posted: 28 Sep 2011 10:00 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.

GBP/USD was trading at 1.5635, down 0.03% at time of writing.

The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.

Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.

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

EUR/USD Down In U.S. Trading Hours

Posted: 28 Sep 2011 01:03 AM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
EUR/USD was trading at 1.3578, down 0.06% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.
Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD/USD Down In U.S. Trade

Posted: 28 Sep 2011 12:32 AM PDT

By ForexMansion.com
Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
AUD/USD was trading at 0.9815, down 0.98% at time of writing.
The pair was likely to find support at 0.9622, Monday's low, and resistance at 0.9986, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down During The U.S. Session

Posted: 28 Sep 2011 12:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders.
USD/JPY was trading at 76.46, down 0.47% at time of writing.
The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 0.89%

Posted: 27 Sep 2011 11:32 PM PDT

By ForexMansion.com
Forexpros – European stocks were down after the closing bell on Wednesday.
At the close of European trade, Germany's DAX fell 0.89%, London's FTSE 100 shed 1.44%, France's CAC 40 declined 0.92% and the EURO STOXX 50 was down 0.79%.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month.
Analysts had expected Core durable goods orders to rise 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down In U.S. Trade

Posted: 27 Sep 2011 11:02 PM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
GBP/USD was trading at 1.5635, down 0.03% at time of writing.
The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high.
Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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