DailyMarkets.com - Hot Option Plays: Market’s Current Built-In Velocity
DailyMarkets.com - Hot Option Plays: Market’s Current Built-In Velocity |
- Hot Option Plays: Market’s Current Built-In Velocity
- True Strength Index (TSI) And Gold
- Accuray Results Don’t Inspire
- DDR Hikes Quarterly Dividend
- Call Buyers Shrug Off $2 Billion Disaster, Position For UBS Recovery Story
- Forex – AUD/USD Up In U.S. Trade
- JetBlue, TAM In Interline Alliance
- Inital Jobless Claims Jump Again
- GoM Oil Spill: U.S. Probe Blames BP
- Euro Rebounds, Risk Appetite Returns On Eurozone Confidence
- U.S. Trade With Rest Of World Is Always Balanced
- Forex – NZD/USD Down During The U.S. Session
- EA Releases NHL12
- Kinder Morgan-Valero Pipeline Pact
- Factory Output Rises In August
- If You Can’t Beat Them Join Them, Best Buy. BBY
- “News That Matters…negative”
- Forex Trading: EURUSD Moving Back Up Toward The Resistance At 1.3897
- European Markets Close Higher; Dax Up 3.15%
- Masimo Patient SafetyNet In France
- Storm, Strike Take Toll On Verizon
- Yum! Brands Ups Dividend 14%
- V.F. Corp Closes Timberland Deal
- CashEdge Buy To Whet Fiserve’s Edge
- Solta Buying Medicis Unit
- Can European Leaders Restore Confidence?
- PX Russia & Guardian Sign Contract
- Cosan Downgraded To Underperform
- Polycom Partners Jive
- TRW Automotive Plans Investments
- US Stocks Rise On ECB Liquidity Move
- Forex – Dollar Broadly Lower After EBC Announcement, U.S. Data
- Natural Gas Futures Plunge 3% After U.S. Supply Data
- Forex – GBP/USD Trims Gains After Rally On ECB Announcement
- Cracker Beats Estimate
- Walgreen In Elite League
- Forex Trading: EURUSD Falls Below The 200 Hour MA At 1.3858. 1.3834 Next Target Tested
- A Slight Rise In Crude On Equity Rise And Dollar Weakness
- Crude Oil Futures Spike Higher On ECB Liquidity Support Plan
- Forex Trading: EURUSD Testing 200 Hour MA At 1.3858
- Forex Trading: USDJPY Falls Back Down To The Familiar Area
- Philly Fed Manufacturing Index Improves Less-than-expected
- DuPont Wins Kevlar Case
- Novo Nordisk’s Data At EASD
- Gold Futures Drop Below USD1,800 After ECB Announcement
- Forex – EUR/USD Rallies After ECB Announces New Liquidity Measures
- U.S. Dollar Offered Lower Following Coordinated Intervention
- Forex Trading: EURUSD Charts With Key Levels To Watch
- ViroPharma, Halozyme Initiate Trial
- Inflation, Jobs & Manufacturing
- Stock Market News Briefs: Avis Budget Group, Cash America International, Dell, Dollar Thrifty Automotive Group, JAKKS Pacific, Marsh & McLennan Companies, Prosperity Bancshares, Origin Agritech Limited, Textron, Xcel Energy
- Lobbying Costs Altria
- Forex – USD/CAD Falls To 1-week Low On ECB Liquidity Measures
- U.S. Industrial Production Rises More-than-expected
- Forex Trading: EURUSD Moves Higher Through The 1.3897 Resistance
- Global Equities Rally On Signs Of Greece Confidence & A Rogue Trader Sends UBS Into The Red
- Forex Trading: EURUSD Moves Above Key Resistance Level At 1.3856
- BJ’s Opens In Northborough
- Foreclosure Activity Rises In Aug.
- Forex – USD/JPY Adds To Gains Amid Speculation Over BoJ Move
- Forex Trading: EURUSD Moves Lower In NY Trade.
- U.S. Q2 Current Account Deficit Narrows Unexpectedly
- U.S. Futures Trim Gains After Flurry Of Data; Dow Up 0.3%
- Empire State Manufacturing Index Drops Unexpectedly
- Forex Trading: USDJPY Shoots Higher Despite The Weaker US Data
- U.S. Initial Jobless Claims Rise Unexpectedly
- U.S. Core CPI Rises In Line With Expectations In August
- AAR Wins Cargo Systems Contract
- Newmont Gold Output To Double
- Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed
- Forex – GBP/USD Trims Gains Ahead Of Flurry Of U.S. Data
- Forex – EUR/USD Erases Losses But Downside Risks Remain
- Crude Oil To Resume Tracking S&P 500, Gold And Silver Under Pressure
- Forex – EUR/GBP Edges Up To 5-day High But Gains Limited
- Corn Close To 4-week Low On Improved U.S. Crop Conditions
- Forex – USD/CHF Slips Amid Renewed Greece Bailout Hopes
- Swiss National Bank Holds Rate Target At 0-0.25%
- European Stocks Sharply Higher As Banks Gain; DAX Rallies 1.7%
- Forex Trading: Eurozone CPI Inline With Expectations
- RBNZ Holds Official Cash Rate At 2.50%
- Euro Zone CPI Holds Steady In Line With Expectations In August
- Forex – Dollar Mixed As Euro Firms Up, But Risks Remain
- U.K. Retail Sales Fall In Line With Expectations In August
- Crude Oil Futures Edge Lower On U.S. Demand Concerns
- Forex – GBP/USD Close To 8-month Low Ahead Of U.K. Retail Data
- Forex – USD/JPY Edges Higher But Remains In Narrow Range
- Gold Futures Slump On Euro Zone Hopes
- Swiss National Bank Leaves Interest Rate Unchanged At 0.0%
- Forex – AUD/USD Slides To Daily Low In Risk-off Trade
- Swiss Q2 Industrial Production Rises More-than-expected
- Forex – NZD/USD Tumbles After RBNZ Holds Pat On Rates
- Asia Stocks Broadly Higher As Greece Fears Ease; Nikkei Up 1.8%
- Forex – EUR/USD Slides Ahead Of Spanish Debt Auction
- RBNZ Leaves Interest Rate Unchanged At 2.50%
- Bear Of The Day: Amerisafe, Inc. (AMSF)
- Growth & Income Stock: RPC, Inc.
- Momentum Stock: New Oriental Education & Technology Group
- Bull Of The Day: Patterson-UTI (PTEN)
- Aggressive Growth Stock: NetEase.Com
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down In Asian Trade
- Forex – Dollar Advances In Mid-day Asian Trade
- Forex – USD/JPY Gains In Mid-day Asian Trade
- Gold’s 1980 Parabola In Greater Detail
- Asian Stocks Climb In Early Trade; Nikkei Adds 2%
- Crude Oil Gains In Early Asian Trade
- Gold Futures Rise In Early Asian Trade
- Forex – EUR/USD Down In Early Asian Trade
- Forex – EUR/USD Down During The Asian Session
- Google Airfare Search Takes Off
- Hot Option Plays: Market Velocity
- Weilbaecher Opts For NCR Terminal
- NASDAQ To Initiate Capital Plan
- Forex – NZD/USD Down In Asian Trade
- US CPI, Weekly Jobless Claims, NY Empire State Manufacturing, Philly Fed Survey, Industrial Production, Earnings – RIM, Pier 1 Imports; SNB Rate Decision
- Do Taxes On The Rich Raise More Revenue?
- Sunoco Upgraded To Neutral
- Air Force Awards Boeing Contract
- ReneSola Raises Shareholder Wealth
- Legg Mason’s August AUM Plunges
- Even MSNBC Admits Big Oil Creates Jobs
- Stock Watch List For Thursday, Set 15
- Western Union Rolls Out New Service
- Cummins Raises Sales Targets
- Dell Ups Buyback By $5 Billion
- Omnicell Stays Neutral
- Big Board Posts A Big Gain, Jumps 140 Points, As Eurozone Debt Concerns Ease
- Forex – EUR/USD Up At The End Of U.S. Session
- Caterpillar Redeems Debt
- NYSE Allies With Receivables Exchange
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Honda Recalls Pilot SUV
- General Dynamics Gets Defense Deal
- CCE’s Business Update
- BNY Mellon Calls Off Alcentra Sale
- Medicis Sells LipoSonix Business
- Freeport Faces Labor Action
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 1.27%
- Aetna Sheds Light On FY11 Earnings
- FDIC Seeks ‘Living Will’ From Banks
- Earnings Preview: RIMM
- Autoliv Launches New Vision System
- Encana To Offload Piceance Assets
- Apollo Closes Carnegie Acquisition
- Forex – GBP/USD Up During The U.S. Session
- Losing The War On Poverty
- Earnings Scorecard
- Forex – USD/CHF Down In U.S. Trading Hours
- ETF Report
- 2011 SAT Test: Gender Disparity In Math Persists
- Forex – USD/CAD Up In U.S. Trade
- Forex – EUR/USD Up In U.S. Trading Hours
- Central Bank Of Kenya Raises Rate 75bps To 7.00%
| Hot Option Plays: Market’s Current Built-In Velocity Posted: 15 Sep 2011 11:38 AM PDT Cusick’s Corner
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| True Strength Index (TSI) And Gold Posted: 15 Sep 2011 11:26 AM PDT A reader was interested in seeing how the True Strength Index (TSI) indicator behaved during the time period of the great 1980 gold parabola and this post will provide some charts with that answer. I also am posting a chart I made a couple days ago which includes, in clear detail, how the US Dollar behaved just preceding the final leg of the great gold parabola in ’79/’80. This first chart presents the ’79/80 chart with the TSI indicator in the lower panel. I have drawn in the TSI buy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 11:25 AM PDT Leading radiosurgery systems maker Accuray Inc (NASDAQ:ARAY) has announced preliminary results for fourth-quarter fiscal 2011 (ended June 30). The company expects to report final results after the closing gong on September 19.
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| Posted: 15 Sep 2011 11:25 AM PDT DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), has recently increased its quarterly dividend for third quarter 2011 by about 50% compared to the last dividend payout in the previous quarter. The common stock dividend of 6 cents per share is payable on October 11, 2011 to shareholders of record at the close of business on September 27, 2011.
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| Call Buyers Shrug Off $2 Billion Disaster, Position For UBS Recovery Story Posted: 15 Sep 2011 11:19 AM PDT Call buyers shrug off $2 billion disaster, position for UBS recovery story
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| Forex – AUD/USD Up In U.S. Trade Posted: 15 Sep 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. AUD/USD was trading at 1.0336, up 0.51% at time of writing. The pair was likely to find support at 1.0178, Wednesday's low, and resistance at 1.0441, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| JetBlue, TAM In Interline Alliance Posted: 15 Sep 2011 11:05 AM PDT The sixth largest U.S. airline, JetBlue Airways Corporation (NASDAQ:JBLU) recently announced an interline partnership with Brazilian carrier, TAM Airlines (NYSE:TAM).
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| Inital Jobless Claims Jump Again Posted: 15 Sep 2011 11:05 AM PDT Initial Claims for Unemployment Insurance rose by 11,000 last week to 428,000. This was significantly worse than the expected level of 410,000. Last week's numbers were revised upwards by 3,000, so one could see it as an increase of 14,000. Initial jobless claims have seemed stuck in a trading range above the 400,000 level, after a brief period lower than that earlier this year. The distortions from the Verizon (NYSE:VZ) strike are over, but this week's numbers may have been affected by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| GoM Oil Spill: U.S. Probe Blames BP Posted: 15 Sep 2011 11:05 AM PDT Nearly a year and a half after the Deepwater Horizon rig disaster, the federal government issued the final assessment report on Wednesday, which put most of the blame on British energy giant BP plc (BP). In addition to the London-based group, the 217-page report issued by a joint Interior Department-Coast Guard panel – the two main agencies responsible for overseeing offshore drilling – also faulted contractor Halliburton Co. (HAL) and rig owner Transocean Ltd (RIG) for their shortcomings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Rebounds, Risk Appetite Returns On Eurozone Confidence Posted: 15 Sep 2011 11:00 AM PDT 09/15/11 Risk appetite has helped push the euro higher this session as investors digest news of France &andGermany vowing to stand behind Greece’s inclusion in the eurozone and an ECB/Fed coordination og dollar access for EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Trade With Rest Of World Is Always Balanced Posted: 15 Sep 2011 10:57 AM PDT The Bureau of Economic Analysis released detailed data today on U.S. international transactions for the second quarter of 2011. For the first six months of the year, the U.S. had total cash outflows of $1.9 trillion that represent: a) $1.575 trillion in spending by American consumers and companies on imported goods and services, and income payments (dividends and interest) by U.S. companies and governments to foreigners who own U.S. assets (stocks, bonds, bank deposits), and b) a $335 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Down During The U.S. Session Posted: 15 Sep 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.8232, down 0.01% at time of writing. The pair was likely to find support at 0.8119, Monday's low, and resistance at 0.8280, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 10:35 AM PDT Video game developer and publisher, Electronic Arts Inc. (ERTS), popularly known as EA, recently launched its latest game NHL 12 in retail stores across North America. NHL 12 is available exclusively on Sony Corp.'s (SNE) PlayStation 3 and Microsoft Corp.'s (MSFT) Xbox 360.
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| Kinder Morgan-Valero Pipeline Pact Posted: 15 Sep 2011 10:35 AM PDT Leading petroleum product pipeline owner and operator Kinder Morgan Energy Partners L.P (NYSE:KMP) has partnered with San Antonio-based Valero Energy Corporation (NYSE:VLO) to build a new 136-mile, 16-inch pipeline to transport gasoline, jet fuel and diesel. Known as Parkway Pipeline LLC, the proposed initiative is estimated to cost $220 million.
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| Factory Output Rises In August Posted: 15 Sep 2011 10:35 AM PDT Total Industrial Production rose 0.2% in August, which was above the expected unchanged reading. It is slower than the July increase of 0.9%, which was unrevised. The June reading was revised down to a 0.1% increase from 0.4%. The absolute increase is on the anemic side, but at least it was better than expected, and the underlying details are stronger than the headline number would suggest (not great, but better than 0.2%). Relative to a year ago, total Industrial Production is up 3.4%. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| If You Can’t Beat Them Join Them, Best Buy. BBY Posted: 15 Sep 2011 10:31 AM PDT by Chris Georgopoulos, SmartStops contributor
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| Posted: 15 Sep 2011 10:30 AM PDT 09/15/11 DME Securities’ Alan Valdes weighs in on the ECB’s latest liquidity measures and US economic data releases. Both short-term and long-term implications are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moving Back Up Toward The Resistance At 1.3897 Posted: 15 Sep 2011 10:08 AM PDT The EURUSD is moving back up toward the resistance against the 1.3897 resistance area. The level is the 38.2% of the move down from the August 2011 high (see chart above). Looking at the hourly chart the 1.3897 level is also the 61.8% of the move down from September 7th. Support now comes in at the 1.3854 to 1.3862. The levels represent the 200 hour MA and channel trendline support (see hourly chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Markets Close Higher; Dax Up 3.15% Posted: 15 Sep 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 3.15%, London's FTSE 100 gained 2.11%, France's CAC 40 climbed 3.27% and the EURO STOXX 50 was up 3.47%. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K. Analysts had expected Initial Jobless Claims to fall to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Masimo Patient SafetyNet In France Posted: 15 Sep 2011 09:55 AM PDT Masimo Corporation (NASDAQ:MASI), a leader in non-invasive monitoring know-how for patient care, recently reported that patients at the Centre Hospitalier (CH) de Chaumont in France will benefit from its latest technological advancement. Patients are being monitored by Masimo Patient SafetyNet, the latest cutting-edge remote monitoring and wireless notification system designed for doctors. The system is intended to assist hospitals to prevent injuries and deaths related with failure to rescue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Storm, Strike Take Toll On Verizon Posted: 15 Sep 2011 09:55 AM PDT The largest U.S. mobile services provider Verizon Communications (NYSE:VZ) expects the storm in the U.S. East Coast and the labor strike last month to increase its overall cost by $200–$250 million (before taxes) in the ongoing third quarter.
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| Posted: 15 Sep 2011 09:35 AM PDT Kentucky-based Yum! Brands Inc. (NYSE:YUM) recently announced its decision to hike quarterly dividend by 14% from 25 cents paid previously. This equates to an annual payout of $1.14 per share. The increased dividend will be paid on November 4, 2011 to stockholders of record on October 14. This represents the seventh consecutive annual increase in dividend paid by Yum! Brands since its inception in 2004 and brings the forward annual dividend yield as of September 14, 2011 to 2.14%.
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| V.F. Corp Closes Timberland Deal Posted: 15 Sep 2011 09:35 AM PDT In a recent development, V.F. Corporation (NYSE:VFC) has completed the acquisition of Timberland Co. (NYSE:TBL) for $43 per share, representing a total consideration of $2.3 billion.
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| CashEdge Buy To Whet Fiserve’s Edge Posted: 15 Sep 2011 09:05 AM PDT Fiserv, Inc. (NASDAQ:FISV) recently completed the acquisition of CashEdge, Inc. for $465 million, in an attempt to expand digital payments and channel strategies.
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| Posted: 15 Sep 2011 09:05 AM PDT Aesthetic laser treatments provider Solta Medical (SLTM) has agreed to acquire Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation (NYSE:MRX), in a deal worth roughly $35 million.
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| Can European Leaders Restore Confidence? Posted: 15 Sep 2011 08:31 AM PDT Thursday, September 15, 2011
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| PX Russia & Guardian Sign Contract Posted: 15 Sep 2011 08:30 AM PDT Industrial gas supplier, Praxair Inc. (NYSE:PX) recently entered into its third major contract in Russia, thereby strengthening its foothold in the region.
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| Cosan Downgraded To Underperform Posted: 15 Sep 2011 08:30 AM PDT We recently downgraded Cosan Limited (NYSE:CZZ), Brazilian sugar and ethanol producer, to an Underperform recommendation. The stock was previously rated Neutral.
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| Posted: 15 Sep 2011 08:05 AM PDT A leading provider of video and audio conferencing equipment and related network infrastructure, Polycom, Inc. (PLCM) recently partnered with a reputed social business solution provider, Jive Software to combine its popular HD video communication service with the latter's other business solutions in order to provide value-added service to the Jive customers.
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| TRW Automotive Plans Investments Posted: 15 Sep 2011 08:05 AM PDT TRW Automotive Holdings Corp. (NYSE:TRW) recently announced a host of investment plans in order to support its long-term business growth. The company plans to open 11 new plants by the end of 2012 and launch a number of new products across each of its key markets.
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| US Stocks Rise On ECB Liquidity Move Posted: 15 Sep 2011 08:00 AM PDT 09/15/11 Wall Street opened higher after the ECB announced a coordinated effort with the Federal Reserve, BoE, BoJ, SNB to ease funding problems in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Broadly Lower After EBC Announcement, U.S. Data Posted: 15 Sep 2011 07:52 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts on Thursday, after the European Central Bank announced that it was launching a coordinated action to offset liquidity shortages at European banks and following the release of a slew of broadly worse-than-expected U.S. data. During U.S. morning trade, the greenback was lower against the euro, with EUR/USD advancing 0.77% to hit 1.3859. The ECB announced that it “has decided, in coordination with the Federal Reserve, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Plunge 3% After U.S. Supply Data Posted: 15 Sep 2011 07:47 AM PDT Forexpros – Natural gas futures extended losses on Thursday, tumbling to a two-low after the U.S. Energy Information Administration said that natural gas inventories rose more-than-expected last month. On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.913 per million British thermal units during U.S. morning trade, plunging 3.11%. It earlier fell as much as 3.18% to trade at USD3.910, the lowest price since September 13. The contract traded at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Trims Gains After Rally On ECB Announcement Posted: 15 Sep 2011 07:39 AM PDT Forexpros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from a two-day high hit after the European Central Bank announced that it would provide additional dollar liquidity to European banks. GBP/USD pulled away from 1.5869, the pair's highest since Tuesday, to hit 1.5817 during U.S. morning trade, still up 0.35%. Cable was likely to find support at 1.5705, Wednesday's low and a seven-month low and resistance at 1.5990, last Friday's high. The ECB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 07:35 AM PDT Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported fourth quarter 2011 adjusted earnings of 99 cents per share, beating the Zacks Consensus Estimate of 90 cents. Quarterly earnings exclude a charge of 25 cents related to organizational changes and a new bank facility.
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| Posted: 15 Sep 2011 07:35 AM PDT Recently, Walgreen (NYSE:WAG) was ranked 29th among the top 30 technology innovators in the U.S, according to the 2011 InformationWeek 500. The company added another feather in its cap when it became the top-ranked company in the retail and general merchandising category. The company considers both the achievements as huge recognition for its innovative technology in healthcare industry given the company secured a place in the top 30 list (in 2010 it was ranked 153 and secured the 3rd position … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Falls Below The 200 Hour MA At 1.3858. 1.3834 Next Target Tested Posted: 15 Sep 2011 07:33 AM PDT Action has taken the price below the 200 hour MA at the 1.3858 level. This opens the door for further downside with 1.3834 (trendline in the chart above) as the next target. A move below that level has the high from earlier today and then the 100 bar MA on the 5 minute chart. Resistance now at the 1.3858 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| A Slight Rise In Crude On Equity Rise And Dollar Weakness Posted: 15 Sep 2011 02:30 AM PDT 09/15/11 A rise in global equities and a weaker US dollar helped push front month crude prices slightly higher this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Spike Higher On ECB Liquidity Support Plan Posted: 15 Sep 2011 07:27 AM PDT Forexpros – Crude oil futures spiked higher on Thursday, hovering close to the psychologically-important level of USD90-a-barrel as the U.S. dollar came under pressure after the European Central Bank announced measures to boost dollar liquidity. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD89.98 a barrel during U.S. morning trade, jumping 1.21%. It earlier fell as much as 1.7% to trade at a daily high USD90.14 a barrel. The ECB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Testing 200 Hour MA At 1.3858 Posted: 15 Sep 2011 07:22 AM PDT |
| Forex Trading: USDJPY Falls Back Down To The Familiar Area Posted: 15 Sep 2011 07:11 AM PDT |
| Philly Fed Manufacturing Index Improves Less-than-expected Posted: 15 Sep 2011 07:06 AM PDT Forexpros – Manufacturing activity in the Philadelphia-region improved less-than-expected in September, remaining in negative territory for the second consecutive month, official data showed on Thursday. In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index improved by 13.2 points to minus 17.5 in September from August's reading of minus 30.7. Analysts had expected the index to improve to minus 15.0 in September. On the index, a reading above 0.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 07:00 AM PDT US chemical giant EI DuPont de Nemours & Co. (NYSE:DD) has won a civil lawsuit for $919.9 million in the U.S. District Court for the Eastern District of Virginia in Richmond, Va., against Kolon Industries, with the jury finding that Kolon stole trade secrets and confidential information regarding DuPont’s Kevlar aramid fiber.
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| Posted: 15 Sep 2011 07:00 AM PDT Novo Nordisk (NVO) recently presented data from two trials of its lead diabetes drug, Victoza, at the European Association for the Study of Diabetes (EASD).
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| Gold Futures Drop Below USD1,800 After ECB Announcement Posted: 15 Sep 2011 07:00 AM PDT Forexpros – Gold futures tumbled to a three-week low on Thursday, trading below the psychologically-important level of USD1,800-an-ounce after the European Central Bank announced measures to boost dollar liquidity. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,787.55 a troy ounce during U.S. morning trade, tumbling 2%. It earlier fell as much as 2.5% to trade at USD1,779.75 a troy ounce, the lowest price since August 29. Gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Rallies After ECB Announces New Liquidity Measures Posted: 15 Sep 2011 06:49 AM PDT Forexpros – The euro rallied against the U.S. dollar on Thursday, surging to a four-day high after the European Central Bank announced that it would provide additional dollar liquidity to European lenders in a move coordinated with other central banks. EUR/USD hit 1.3937 during early U.S. trade, the pair's highest since last Friday; the pair subsequently consolidated at 1.3868, jumping 0.81%. The pair was likely to find support at 1.3702, the days low and resistance at 1.4098, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Dollar Offered Lower Following Coordinated Intervention Posted: 15 Sep 2011 06:48 AM PDT Fundamental Headlines
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| Forex Trading: EURUSD Charts With Key Levels To Watch Posted: 15 Sep 2011 06:37 AM PDT In the 5 minute chart above, the price broke above the London channel at the 1.3873 level. It is also the spike from the NY low. This is a level of importance now for the technical traders. The hourly chart has the 200 hour MA and channel trendline both at the 1.3858 level 1.3997 is the 61.8% of the move down from the September 7th high to the low. A break below that level would not be welcome by bulls. The 1.3897 is the 38.2% of the move down from the August high on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ViroPharma, Halozyme Initiate Trial Posted: 15 Sep 2011 06:36 AM PDT ViroPharma Inc. (NASDAQ:VPHM) and its partner Halozyme Therapeutics (NASDAQ:HALO) recently announced the initiation of a mid-stage trial on its drug Cinryze. The phase II study is designed to evaluate the safety, and pharmacokinetics and pharmacodynamics of the subcutaneous formulation of Cinryze in combination with Halozyme’s Enhanze technology, in patients suffering from hereditary angioedema (HAE).
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| Inflation, Jobs & Manufacturing Posted: 15 Sep 2011 06:36 AM PDT We have a range of economic data on tap today, from Jobless Claims and CPI to Industrial Production and regional manufacturing surveys. Europe will also be not far from investors’ mind, though the tone of recent headlines out of Europe has softened a bit. Some of the more dire concerns about Greece’s position in the Union and about French banks appear to have eased somewhat. But the issue is far from resolved and will be back soon. We heard this morning that a supposedly ‘rogue trader’ at UBS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 06:36 AM PDT Dell Inc. (NASDAQ:DELL) announced its plans to add an additional $5 billion shares to its stock-repurchase program taking the total number of shares to be re-purchased to about $2.1 billion Avis Budget Group (NYSE:CAR) said it will not attempt to acquire Dollar Thrifty (NYSE:DTG), citing poor market conditions Share prices of JAKKS Pacific, Inc. (NASDAQ:JAKK) advanced 22.31% after Oaktree Capital offered to buy the toy manufacturer for $20 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 06:35 AM PDT Altria Group Inc. (NYSE:MO), through its unit – Altria Client Services Inc. reported that it spent $2.62 million during the second quarter 2011 on issues related to the budget, taxes and other matters. The lobbying charges moved up 12.9% from $2.32 million during the second quarter of 2010, but shrunk 8.4% from $2.86 million in the first quarter of 2011.
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| Forex – USD/CAD Falls To 1-week Low On ECB Liquidity Measures Posted: 15 Sep 2011 06:35 AM PDT Forexpros – The U.S. dollar fell to a one-week low against its Canadian counterpart on Thursday, as the greenback came under pressure after the European Central Bank announced measures to boost dollar liquidity. USD/CAD hit 0.9835 during U.S. morning trade, the lowest since September 8; the pair subsequently consolidated at 0.9854, slumping 0.38%. The pair was likely to find short-term support at 0.9829, the low of September 8 and resistance at 0.9976, the high of September 13. Risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Industrial Production Rises More-than-expected Posted: 15 Sep 2011 06:24 AM PDT Forexpros – Industrial production in the U.S. rose more-than-expected in August, official data showed on Thursday. In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% in August, slightly above expectations for a 0.1% increase. Industrial production rose 0.9% in July. The report showed that the capacity utilization rate rose to 77.4%, below expectations for a 77.5% gain. The previous month's figure was revised down to 77.3% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Higher Through The 1.3897 Resistance Posted: 15 Sep 2011 06:21 AM PDT The EURUSD has continued the sharp move to the upside breaking above the 1.3987 level. This level is now support for traders and will be a key level to watch as the morning progresses. The level is the 61.8% of the move down from September 7th high on the hourly chart below and also the 38.2% of the move down from the August 29th high to the low in September on the daily chart above. If the market settles down, this level will be a key bias for the pair. Below the 1.3897 level the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Global Equities Rally On Signs Of Greece Confidence & A Rogue Trader Sends UBS Into The Red Posted: 15 Sep 2011 01:15 AM PDT 09/15/11 NYFP’s Morning Market Brief: Eurozone confidence and assurance that Greece will remain in the eurozone helped lead the way for a rise in global equities. However, US markets were not impressed by a rise in jobless claims … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Above Key Resistance Level At 1.3856 Posted: 15 Sep 2011 06:08 AM PDT The move by the central banks ti add liquidity through year end has sent the banking stocks higher and the EURUSD back to the upside on the "good news". The price is breaking above the 200 hour MA and trendline resistance at the 1.3856 level. The next target is 1.38979 for the pair which is the 61.8% of the move down from the September 7th high. Looking at the hourly chart the 38.2% of the move down from the August … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 06:05 AM PDT BJ's Wholesale Club Inc. (BJ), in an attempt to expand its operational roots, is all set to serve the residents of Northborough, Massachusetts by opening a new store and providing them an avenue to generate savings on groceries and general merchandise.
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| Foreclosure Activity Rises In Aug. Posted: 15 Sep 2011 06:05 AM PDT According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in August rose 7% from the prior month with 228,098 properties issued notices of default, auction or repossession during the month. However, this is still down 33% from August 2010 figures.
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| Forex – USD/JPY Adds To Gains Amid Speculation Over BoJ Move Posted: 15 Sep 2011 06:02 AM PDT Forexpros – The U.S. dollar extended gains against the yen on Thursday, rising to a fresh daily high amid speculation the Bank of Japan was checking rates in the currency market, following the release of a flurry of broadly worse-than-expected U.S. data. USD/JPY hit 77.30 during European afternoon trade, the daily high; the pair subsequently consolidated at 77.03, gaining 0.47%. The pair was likely to find support at 76.41, the low of August 31 and short-term resistance at 77.58, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Lower In NY Trade. Posted: 15 Sep 2011 06:00 AM PDT The EURUSD has fallen below the 38.2% of the days trading range at the 1.37779 level. The pair was in a nice channel for most of the London morning but fell below in the NY session. The weaker US data is worrying to the global growth argument and EURUSD has tended to lose steam in such a scenario of late. The US stocks are showing unchanged to small gains so far in pre opening … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Q2 Current Account Deficit Narrows Unexpectedly Posted: 15 Sep 2011 05:52 AM PDT Forexpros – The U.S. current account deficit narrowed unexpectedly in the second quarter of 2011, official data showed on Thursday. In a report, the U.S. Bureau of Economic Analysis said the country's current account deficit narrowed to a seasonally adjusted USD118.0 billion in the three months to June. Analysts had expected the U.S. current account deficit to widen to USD121.0 billion in the second quarter. The U.S. current account deficit in the first quarter was revised to a deficit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Futures Trim Gains After Flurry Of Data; Dow Up 0.3% Posted: 15 Sep 2011 05:48 AM PDT Forexpros – U.S. stock futures pointed to a modestly higher open on Thursday, as markets reacted to a flurry of U.S. data, while easing concerns over the sovereign debt crisis in the euro zone supported risk sentiment. Ahead of the open, the Dow Jones Industrial Average futures pointed to a gain of 0.3%, the S&P 500 futures indicated an increase of 0.35%, while the Nasdaq 100 futures pointed to a 0.5% gain. Stock futures pared gains after official data showed that first time jobless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Empire State Manufacturing Index Drops Unexpectedly Posted: 15 Sep 2011 05:43 AM PDT Forexpros – The New York Federal Reserve's index of manufacturing conditions unexpectedly deteriorated in September, remaining in negative territory for the fourth consecutive month, official data showed on Thursday. In a report, the Federal Reserve Bank of New York said that its general business conditions index fell by 1.1 points to minus 8.8 in September from minus 7.7 in August. Analysts had expected the index to improve to minus 4.0 in September. On the index, a reading above 0.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDJPY Shoots Higher Despite The Weaker US Data Posted: 15 Sep 2011 05:42 AM PDT The USDJPY has caught a bid despite the weaker than expected data today. There are rumblings that the BOJ is checking rates (unconfirmed). With the recent experience in the EURCHF, the market is a little nervous. Once again, there is no confirmation of this rumor but the price action raises an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Initial Jobless Claims Rise Unexpectedly Posted: 15 Sep 2011 05:39 AM PDT Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 9 rose by 11,000 to a seasonally adjusted 428,000, confounding expectations for a decline to 410,000. The previous week's figure was revised up to 417,000 from 414,000. Continuing jobless claims in the week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Core CPI Rises In Line With Expectations In August Posted: 15 Sep 2011 05:37 AM PDT Forexpros – Core consumer price inflation in the U.S. rose in line with expectations in August, official data showed on Thursday. In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.2% in August, in line with expectations, after rising by 0.2% in July. Core consumer prices rose at an annualized rate of 2.0% after accelerating at a rate of 1.8% in July and above expectations for a 1.9% gain. Consumer prices including food and energy costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| AAR Wins Cargo Systems Contract Posted: 15 Sep 2011 05:30 AM PDT AAR Corp. (NYSE:AIR) has recently been selected by EADS EFW to manufacture main deck cargo loading systems for its Airbus A300-600 & A310-300 freighter conversion program. The financial terms of the deal have not yet been disclosed.
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| Posted: 15 Sep 2011 05:30 AM PDT Gold miner Newmont Mining Corp’s (NYSE:NEM) Peruvian subsidiary aims to double annual output to 2.5 million ounces by 2017, once the key projects start operations.
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| Forex – Dollar Broadly Lower Vs. Rivals As U.S. Data Eyed Posted: 15 Sep 2011 05:07 AM PDT Forexpros – The U.S. dollar was broadly lower against its major counterparts on Thursday, as market sentiment recovered after euro zone policymakers declared their support for Greece and as investors awaited a host of U.S. data later in the day. During European afternoon trade, the greenback was lower against the euro, with EUR/USD rising 0.30% to hit 1.3796. The single currency firmed up after French President Nicolas Sarkozy and German Chancellor Angela Merkel issued a joint statement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Trims Gains Ahead Of Flurry Of U.S. Data Posted: 15 Sep 2011 04:57 AM PDT Forexpros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from a two-day high ahead of the release of a flurry of U.S. data later in the day. GBP/USD pulled away from 1.5838, the pair's highest since Tuesday, to hit 1.5809 during European afternoon trade, still up 0.25%. Cable was likely to find short-term support at 1.5707, Wednesday's low and an eight-month low and resistance at 1.5869, Tuesday's high. The pound erased losses against the greenback … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Erases Losses But Downside Risks Remain Posted: 15 Sep 2011 04:18 AM PDT Forexpros – The euro erased losses against the U.S. dollar on Thursday, rebounding from a daily low amid hopes that Greece would stave off a short-term default but the single currency remained vulnerable amid worries that the debt crisis may spread to the region's core economies. EUR/USD clawed back up from 1.3704, the daily low; to hit 1.3802 during European early afternoon trade, gaining 0.34%. The pair was likely to find support at 1.3557, Tuesday's low and an almost seven-month low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil To Resume Tracking S&P 500, Gold And Silver Under Pressure Posted: 15 Sep 2011 04:08 AM PDT Talking Points Crude Oil to Follow S&P 500 as Sentiment Trends Respond to US Data WTI Crude Oil (NY Close): $88.91 // -1.30 // -1.44%
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| Forex – EUR/GBP Edges Up To 5-day High But Gains Limited Posted: 15 Sep 2011 03:57 AM PDT Forexpros – The euro edged up to a five-day high against the pound on Thursday, amid optimism that Greece will be able to stave off an immediate default and after an auction of Spanish government debt encountered reassuring demand. EUR/GBP hit 0.8741 during European morning trade, the pair's highest since September 8; the pair subsequently consolidated at 0.8729, easing up 0.07%. The pair was likely to find support at 0.8637, Wednesday's low and resistance at 0.8768, the high of August … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Corn Close To 4-week Low On Improved U.S. Crop Conditions Posted: 15 Sep 2011 03:33 AM PDT Forexpros – Corn futures were down on Thursday, hovering close to a four-week low as U.S. corn crop conditions improved last week, while concerns over declining demand for U.S. supplies also weighed. On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD7.1788 a bushel during European morning trade, slumping 0.73%. It earlier fell as much as 0.82% to trade at a daily low of USD7.1762 a bushel, just above the previous day's four-week low of USD7.1625 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Slips Amid Renewed Greece Bailout Hopes Posted: 15 Sep 2011 03:15 AM PDT Forexpros – The U.S. dollar slipped lower against the Swiss franc on Thursday, as safe haven demand was dented by hopes that Greece will avert a default and after an auction of Spanish government debt met with reassuring demand. USD/CHF hit 0.8736 during European morning trade, the daily low; the pair subsequently consolidated at 0.8741, sliding 0.15%. The pair was likely to find support at 0.8569, the low of September 8 and short-term resistance at 0.8879, Tuesday's high and an almost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss National Bank Holds Rate Target At 0-0.25% Posted: 15 Sep 2011 02:31 AM PDT The Swiss National Bank held its target for the 3-month franc LIBOR unchanged at 0-0.25 percent, and reaffirmed its commitment to the EURCHF 1.20 floor set on the 6th of September. The Bank said: “The Swiss National Bank will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination. It is prepared to buy foreign currency in unlimited quantities. It continues to aim for a three-month Libor at zero and will maintain total sight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Sharply Higher As Banks Gain; DAX Rallies 1.7% Posted: 15 Sep 2011 02:22 AM PDT Forexpros – European stock markets were sharply higher on Thursday, as shares in the financial sector led gains after German Chancellor Angela Merkel and French President Nicolas Sarkozy reaffirmed their support for Greece. During European morning trade, the EURO STOXX 50 jumped 1.8%, France's CAC 40 rose 1.65%, while Germany's DAX 30 rallied 1.7%. The leaders of the euro zone's two largest economies said in a statement following a conference call with Greek Prime Minister George … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Eurozone CPI Inline With Expectations Posted: 15 Sep 2011 02:08 AM PDT CPI y/y came in at 2.5% and Core CPI y/y at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| RBNZ Holds Official Cash Rate At 2.50% Posted: 15 Sep 2011 02:05 AM PDT The Reserve Bank of New Zealand kept the Official Cash Rate (OCR) steady at 2.50%, noting the impact of global developments. The Bank Said: “If recent global developments have only a mild impact on the New Zealand economy, it is likely that the OCR will need to increase. For now, given the recent intensification in global economic and financial risks, it is prudent to continue to hold the OCR at 2.5 percent” Previously the Bank also held the OCR unchanged at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone CPI Holds Steady In Line With Expectations In August Posted: 15 Sep 2011 02:04 AM PDT Forexpros – Consumer price inflation in the euro zone held steady in line with expectations in August, official data showed on Thursday. In a report, Eurostat said consumer price inflation held steady at 2.5% in August, unchanged from the previous month and broadly in line with market expectations. Month-on-month, CPI rose 0.2%, in line with expectations. Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose by a seasonally adjusted 1.2%, broadly in line with market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Mixed As Euro Firms Up, But Risks Remain Posted: 15 Sep 2011 01:50 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as concerns over a debt default by Greece eased but investors remained wary ahead of an auction of Spanish government debt later in the day. During European morning trade, the greenback was slightly lower against the euro, with EUR/USD easing up 0.12% to hit 1.3770. The single currency firmed up after French President Nicolas Sarkozy and German Chancellor Angela Merkel issued a joint statement late Wednesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. Retail Sales Fall In Line With Expectations In August Posted: 15 Sep 2011 01:39 AM PDT Forexpros – Retail sales in the U.K. fell broadly in line with expectations in August, official data showed on Thursday. In a report, the U.K. Office for National Statistics said retail sales fell by 0.2% in August, broadly in line with expectations, after rising by 0.2% in the preceding month. Year-on-year, retail sales were flat in August, beating expectations for a 0.1% decline. Core retail sales, which exclude automobile sales, fell less-than-expected, dipping 0.1%, compared to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Edge Lower On U.S. Demand Concerns Posted: 15 Sep 2011 01:30 AM PDT Forexpros – Crude oil futures edged down on Thursday, falling to a two-day low as concerns over a slowdown in U.S. energy demand drove prices lower, while lingering concerns over the debt crisis in the euro zone also weighed. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD88.38 a barrel during European morning trade, falling 0.6%. It earlier fell as much as 0.8% to trade at USD88.02 a barrel, the lowest price since September 13. Weekly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Close To 8-month Low Ahead Of U.K. Retail Data Posted: 15 Sep 2011 01:15 AM PDT Forexpros – The pound edged lower against the U.S. dollar on Thursday, trading close to an eight-month trough as concerns over the outlook for U.K. growth weighed ahead of the release of U.K. retail sales data. GBP/USD hit 1.5732 during early European trade, the daily low; the pair subsequently consolidated at 1.5761, dipping 0.04%. The pair was likely to find short-term support at 1.5707, Wednesday's low and an eight-month low and resistance at 1.5869, Tuesday's high. Sentiment on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Edges Higher But Remains In Narrow Range Posted: 15 Sep 2011 01:03 AM PDT Forexpros – The U.S. dollar edged higher against the yen on Thursday, but the pair continued to trade in a tight range as investors remained focused on developments in the euro zone ahead of a Spanish debt auction later in the day. USD/JPY hit 76.80 Asian trade, the daily high; the pair subsequently consolidated at 76.72, edging up 0.12%. The pair was likely to find short-term support at 76.41, the low of August 31 and resistance at 77.24, Tuesday's high. Concerns over a debt default by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Slump On Euro Zone Hopes Posted: 15 Sep 2011 12:53 AM PDT Forexpros – Gold futures slumped on Thursday, hitting a two-day low as a cautious sense of optimism that euro zone policymakers will make progress in resolving the region's debt crisis dampened the safe haven appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,810.55 a troy ounce during late Asian trade, retreating 0.74%. It earlier fell as much as 1.1% to trade at USD1,804.85 a troy ounce, the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss National Bank Leaves Interest Rate Unchanged At 0.0% Posted: 15 Sep 2011 12:41 AM PDT Forexpros – The Swiss National Bank kept its benchmark interest rate unchanged in September and reiterated its commitment to defend the minimum franc rate "with utmost determination", it announced on Thursday. In a statement, the SNB said it was keeping its benchmark interest rate unchanged at 0.0%, broadly in line with expectations. The accompanying rate statement released after the announcement said that the SNB was "prepared to buy foreign currency in unlimited quantities" to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Slides To Daily Low In Risk-off Trade Posted: 15 Sep 2011 12:36 AM PDT Forexpros – The Australian dollar was lower against its U.S. counterpart on Thursday, trading close to a five-week low as concerns over the global economic outlook weighed on demand for riskier assets. AUD/USD hit 1.0184 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0234, shedding 0.47%. The pair was likely to find support at 1.0167, the low of August 10 and resistance at 1.0370, Wednesday's high. Earlier in the day, the Reserve Bank of New Zealand kept … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss Q2 Industrial Production Rises More-than-expected Posted: 15 Sep 2011 12:19 AM PDT Forexpros – Industrial production in Switzerland rose more-than-expected in the second quarter of 2011, official data showed on Thursday. In a report, Switzerland's Federal Statistics Office said industrial production rose by a seasonally adjusted 3.6% in the second quarter, beating expectations for a 3.0% gain. The previous quarter's figure was revised down to a drop of 9.6% from 9.2%. Year-on-Year, Swiss industrial production rose at an annualized rate of 2.3% in the second quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Tumbles After RBNZ Holds Pat On Rates Posted: 15 Sep 2011 12:05 AM PDT Forexpros – The New Zealand dollar tumbled against its U.S. counterpart on Thursday, falling to a three-day low after the Reserve Bank of New Zealand kept its benchmark interest rate unchanged and indicated that rates may remain on hold in the coming months. NZD/USD hit 0.8122 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 0.8148, tumbling 1.02%. The pair was likely to find support at 0.8073, the low of August 11 and resistance at 0.8264, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Broadly Higher As Greece Fears Ease; Nikkei Up 1.8% Posted: 14 Sep 2011 11:47 PM PDT Forexpros – Asian stock markets were broadly higher on Thursday, as fears over an imminent Greek debt default eased after German Chancellor Angela Merkel and French President Nicolas Sarkozy reaffirmed their support to the debt-laden country. During late Asian trade, Hong Kong’s Hang Seng Index gained 0.25%, Australia's ASX/200 Index jumped 1.43%, while Japan's Nikkei 225 Index rallied 1.78%. French President Sarkozy and German Chancellor Merkel are "convinced" Greece will remain in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Slides Ahead Of Spanish Debt Auction Posted: 14 Sep 2011 11:34 PM PDT Forexpros – The euro was down against the U.S. dollar on Thursday, slipping to a daily low as initial optimism after a joint statement by Germany and France in support of Greece faded ahead of an auction of Spanish government debt. EUR/USD hit 1.3704 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3737, shedding 0.11%. The pair was likely to find support at 1.3557, Tuesday's low and an almost seven-month low and short-term resistance at 1.3782, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| RBNZ Leaves Interest Rate Unchanged At 2.50% Posted: 14 Sep 2011 11:14 PM PDT Forexpros – The Reserve Bank of New Zealand kept its benchmark interest rate unchanged for the fourth straight meeting in September, it announced on Thursday. In a statement, the RBNZ said it was keeping its benchmark interest rate unchanged at 2.50%, broadly in line with expectations. Commenting on the decision, RBNZ Governor Alan Bollard said, "The New Zealand economy has performed relatively well, while headline inflation has increased somewhat since the June Statement. At the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bear Of The Day: Amerisafe, Inc. (AMSF) Posted: 14 Sep 2011 11:05 PM PDT Amerisafe, Inc.’s (NASDAQ:AMSF) second-quarter earnings lagged the Zacks Consensus Estimate substantially, due to high underwriting loss and reduced investment income coupled with higher expenses, which significantly deteriorated the combined ratio, operating cash flow and ROE.
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| Growth & Income Stock: RPC, Inc. Posted: 14 Sep 2011 11:05 PM PDT Estimates have been surging for RPC, Inc. (NYSE:RES) after the company delivered excellent results for the second quarter of 2011. Revenue jumped 75% year-over-year and EPS more than doubled as business remains exceptionally strong.
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| Momentum Stock: New Oriental Education & Technology Group Posted: 14 Sep 2011 11:05 PM PDT New Oriental Education & Technology Group (NYSE:EDU) recently spiked into a new multi-year high after reporting another great quarter that included a 100% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock offers a lesson on momentum.
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| Bull Of The Day: Patterson-UTI (PTEN) Posted: 14 Sep 2011 11:05 PM PDT We are upgrading Patterson-UTI Energy (NASDAQ:PTEN) shares to Outperform from Neutral, reflecting strong demand for its services in North America. The company has been benefiting from increased activity in the unconventional oil and liquids-rich plays in the region, which have more than made up for the soft natural gas fundamentals.
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| Aggressive Growth Stock: NetEase.Com Posted: 14 Sep 2011 11:05 PM PDT NetEase.com (NASDAQ:NTES) is a Zacks #1 Rank (Strong Buy) thanks to rising estimates and its latest earnings surprise.
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| Forex – EUR/USD Down During The Asian Session Posted: 14 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3720, down 0.25% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3783, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8706 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Down In Asian Trade Posted: 14 Sep 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5761, down 0.05% at time of writing. The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5885, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8705 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Advances In Mid-day Asian Trade Posted: 14 Sep 2011 08:11 PM PDT Forexpros –
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| Forex – USD/JPY Gains In Mid-day Asian Trade Posted: 14 Sep 2011 07:25 PM PDT Forexpros –
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| Gold’s 1980 Parabola In Greater Detail Posted: 14 Sep 2011 07:02 PM PDT On August 28th I posted a chart showing the tendency gold’s parabolic peaks (aka C-wave tops) to coincide with the 3 year cycle low of the US Dollar Index. As you will see from our first chart, the 1980 Gold parabola did not peak anywhere near a 3 year cycle low in the US Dollar Index. Indeed, the pink rectangle targets the drop in the US Dollar index as the location of the parabolic rise, but looking at the chart from across the room one would not notice anything significant about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asian Stocks Climb In Early Trade; Nikkei Adds 2% Posted: 14 Sep 2011 06:41 PM PDT Forexpros –
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| Crude Oil Gains In Early Asian Trade Posted: 14 Sep 2011 05:54 PM PDT Forexpros –
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| Gold Futures Rise In Early Asian Trade Posted: 14 Sep 2011 05:24 PM PDT Forexpros –
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| Forex – EUR/USD Down In Early Asian Trade Posted: 14 Sep 2011 04:39 PM PDT Forexpros –
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| Forex – EUR/USD Down During The Asian Session Posted: 14 Sep 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3752, down 0.02% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Friday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8720 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Google Airfare Search Takes Off Posted: 14 Sep 2011 03:58 PM PDT 09/14/2011 Google unveiled its airfare finder service, after much anticipation. Following its acquisition of ITA software, the web search giant’s release will expand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Hot Option Plays: Market Velocity Posted: 14 Sep 2011 03:36 PM PDT Cusick’s Corner
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| Weilbaecher Opts For NCR Terminal Posted: 14 Sep 2011 03:35 PM PDT NCR Corporation (NYSE:NCR), the Automated Tailor Machine (ATM) and Point of Sale (POS) service provider, recently revealed that Weilbaecher Enterprises, a Popeye's Louisiana Kitchen franchisee, has deployed 25 NCR RealPOS point-of-sale (POS) terminals, running Documentor POS software, in its three locations throughout greater Savannah, Ga.
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| NASDAQ To Initiate Capital Plan Posted: 14 Sep 2011 03:35 PM PDT Yesterday, Reuters reported that NASDAQ OMX Group Inc. (NASDAQ:NDAQ) plans to adopt a new capital plan in the beginning of the fourth quarter of 2011. Accordingly, the company intends to buyback more shares in the coming period, given the sharp price declines in the stock market.
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| Forex – NZD/USD Down In Asian Trade Posted: 14 Sep 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.8174, down 0.72% at time of writing. The pair was likely to find support at 0.8119, Monday's low, and resistance at 0.8372, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.55% to hit 1.2559 and EUR/NZD rising 0.66% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 03:20 PM PDT 09/14/11 More inflation data will be released in the US. Key regional data on manufacturing and jobless claims are also scheduled for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Do Taxes On The Rich Raise More Revenue? Posted: 14 Sep 2011 03:15 PM PDT Robert Frank in the WSJ: “The debate over taxing the rich in the U.S. seems to center on "fairness" – who pays too much or too little. Yet there is little discussion about a more immediate question: Would it raise the expected revenue? Great Britain's recent experience may be instructive. The U.K. is imposing a new tax rate of 50% for those making £150,000 a year (about $236,000). There is a fierce battle between British Chancellor George Osborne, who wants to scrap the tax, and many … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 03:05 PM PDT Following Sunoco Inc's (NYSE:SUN) announcement to exit the refining business, we have upgraded the Philadelphia, Pennsylvania-based downstream operator's shares to Neutral from Underperform.
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| Air Force Awards Boeing Contract Posted: 14 Sep 2011 03:05 PM PDT The Boeing Company (NYSE:BA) received a $1.09 billion contract modification from the U.S. Air Force. The contract modification is for the existing Block II follow-on contract for full production, launch and on-orbit activation of the seventh Wideband Global SATCOM ("WGS") satellite and procurement of long-lead materials for an eighth satellite.
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| ReneSola Raises Shareholder Wealth Posted: 14 Sep 2011 03:05 PM PDT Leading global manufacturer of solar products, ReneSola Ltd. (NYSE:SOL), announced that the company repurchased 645,424 of its outstanding ordinary American Depositary Shares (“ADSs”). Earlier in August 2011, ReneSola had announced a repurchase program of $100 million of its ADSs. The focus of the company in increasing value for its shareholder is evident from the $100 million program as the current market capitalization of the company is only $260 million.
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| Legg Mason’s August AUM Plunges Posted: 14 Sep 2011 03:05 PM PDT Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a decline in its assets under management (AUM) in August on a sequential basis. This was preceded by a drop in both July and June.
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| Even MSNBC Admits Big Oil Creates Jobs Posted: 14 Sep 2011 02:57 PM PDT Drill, drill, drill = Jobs, Jobs, Jobs Amazing facts: The Williston, North Dakota Walmart sells out of merchandise every day, and the local McDonald’s is one of the busiest in the country and pays $15 per hour to attract workers. HT: Americans for Tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Stock Watch List For Thursday, Set 15 Posted: 14 Sep 2011 02:57 PM PDT ( click to enlarge ) Juniper Networks, Inc. (NASDAQ:JNPR) is forming a small ascending triangle with resistance at $22.20. If resistance is broken, we could see a move towards $25. But a volume of above 11M is needed for a good break out. ( click to enlarge ) MELA Sciences, Inc.(NASDAQ:MELA) – Keeping on watchlist as there seems to be good support below us ( 200 SMA ). FDA pending news might come out any days from now. Could make a huge move to the upside. ( click to enlarge ) Novatel Wireless, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Western Union Rolls Out New Service Posted: 14 Sep 2011 02:35 PM PDT Western Union Business Solutions, a unit of world's leading money transfer company Western Union Co. (WU), has announced in agreement with TouchNet the introduction of an integrated cross-border payment system for international students.
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| Posted: 14 Sep 2011 02:35 PM PDT Cummins Inc. (NYSE:CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure.
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| Dell Ups Buyback By $5 Billion Posted: 14 Sep 2011 02:05 PM PDT The world's second largest PC-maker Dell Inc.'s (NASDAQ:DELL) board of directors has authorized the repurchase of shares up to an additional value of roughly $5.0 billion. The company still has $2.16 billion available under the existing buyback plan. Following the news, Dell's shares rose 2.29% in after-market trade.
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| Posted: 14 Sep 2011 02:05 PM PDT We recently reiterated our Neutral recommendation on Omnicell (NASDAQ:OMCL) with a target price of $16.00.
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| Big Board Posts A Big Gain, Jumps 140 Points, As Eurozone Debt Concerns Ease Posted: 14 Sep 2011 09:00 AM PDT 09/14/11 NYFP’s Closing Bell Market Monitor: The Dow jumps 140+ pints, despite weak economic data, as eurozone debt concerns ease. Meanwhile, Ralcorp takes a dive, Sirius XM posts a serious gain. and BP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 14 Sep 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Retail Sales. EUR/USD was trading at 1.3754, up 0.55% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Friday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 01:50 PM PDT Caterpillar Inc. (NYSE:CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $22.622 million. The company decided to redeem 100% of the remaining amount by exercising the call option. The notes that the company redeemed have coupon rate of 6.05%. The notes are maturing on October 15, 2027.
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| NYSE Allies With Receivables Exchange Posted: 14 Sep 2011 01:50 PM PDT In an effort to help companies get short-term funding, yesterday, NYSE Euronext Inc. (NYSE:NYX) announced the acquisition of a small stake in The Receivables Exchange (TRE). TRE is a leading and first online marketplace in the US for selling debts and other obligations owed by customers, known as accounts receivables.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 14 Sep 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Retail Sales. USD/JPY was trading at 76.66, down 0.37% at time of writing. The pair was likely to find support at 76.60, today's low, and resistance at 77.86, Friday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 01:35 PM PDT Honda Motor Co. (NYSE:HMC) plans to recall 310,773 units of 2009-2011 Pilot mid-size crossover SUV in order to inspect and replace the front seat belts of the vehicles.
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| General Dynamics Gets Defense Deal Posted: 14 Sep 2011 01:35 PM PDT General Dynamics Information Technology, a business unit of General Dynamics Corp. (NYSE:GD), has received a five-year contract from the U.S. Air Force Research Laboratory (AFRL) for manufacturing technologies for Remotely Piloted Vehicles. The contract is a multiple-award contract with a total potential value of $45 million for all awardees.
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| Posted: 14 Sep 2011 01:35 PM PDT Coca-Cola Enterprises Inc. (NYSE:CCE) in a business update reaffirmed its fiscal 2011 guidance and targets for the long term while also announcing its share repurchase plan.
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| BNY Mellon Calls Off Alcentra Sale Posted: 14 Sep 2011 01:35 PM PDT On Monday, Bloomberg, quoting reliable sources, reported that The Bank of New York Mellon Corporation (NYSE:BK) has called-off the proposed divestiture of its Alcentra unit, which manages nearly $17 billion worth of assets including loans and high-yield bonds. Alcentra has been a subsidiary of BNY Mellon since January 2006.
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| Medicis Sells LipoSonix Business Posted: 14 Sep 2011 01:35 PM PDT Medicis Pharmaceutical Corp. (NYSE:MRX) recently announced to have entered into a 'Stock Purchase Agreement' with Solta Medical, Inc. (SLTM), under which the latter will acquire all the outstanding shares of Medicis Technologies Corporation (formerly LipoSonix, Inc.), a subsidiary of Medicis Pharma. The deal is expected to close in the fourth quarter of 2011.
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| Posted: 14 Sep 2011 01:35 PM PDT Workers at Freeport-McMoRan Copper & Gold’s (NYSE:FCX) Grasberg mine in Indonesia plan to go on strike in the coming days after talks with the company failed to resolve a pay dispute, a move that could tighten global copper supplies and lift prices.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 14 Sep 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Retail Sales. EUR/USD was trading at 1.3752, up 0.54% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Friday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 1.27% Posted: 14 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.27%, the S&P 500 index gained 1.35%, while the Nasdaq 100 index climbed 1.45%. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from 0.5%. Analysts had expected U.S. core retail sales to rise 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aetna Sheds Light On FY11 Earnings Posted: 14 Sep 2011 01:05 PM PDT During its recently held conference call, health insurer Aetna Inc. (AET) announced that it would be tweaking its fiscal 2011 earnings per share (EPS) guidance upward from the current range of $4.60 to $4.70. The announcement was enough to send the company's share up by 5.44% in yesterday's trading.
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| FDIC Seeks ‘Living Will’ From Banks Posted: 14 Sep 2011 01:05 PM PDT The Federal Deposit Insurance Corp. (FDIC) entails the nation’s largest banks to outline ways to liquidate by breaking up and selling off assets if these are on the verge of collapsing. The resolution plans or so-called 'living wills' are required in a bid to reduce risks of further bailouts, should these banks sink in the event of another financial crisis.
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| Posted: 14 Sep 2011 01:05 PM PDT Research In Motion Ltd.,(NASDAQ:RIMM) is slated to release its second-quarter 2012 results on Thursday, September 15, 2011, after the closing bell. The current Zacks Consensus Estimate for the second quarter is pegged at 89 cents per share, representing an annualized decline of 38.93%.
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| Autoliv Launches New Vision System Posted: 14 Sep 2011 01:05 PM PDT Autoliv Inc. (NYSE:ALV) recently launched a forward-looking Mono Vision Sensing System for BMW models. This new technology will improve driver awareness, in turn reducing the chances of traffic accidents, injuries and even fatalities for automobiles.
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| Encana To Offload Piceance Assets Posted: 14 Sep 2011 01:05 PM PDT EnCana Corporation (NYSE:ECA) intends to sell off some of its midstream assets in Colorado through one of its subsidiaries for $590 million. This move reflects the energy giant's aim to unload about $2 billion from its vast portfolio this year to cope with a low natural gas price environment.
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| Apollo Closes Carnegie Acquisition Posted: 14 Sep 2011 01:05 PM PDT In a recent development, the Phoenix based private education provider, Apollo Group Inc. (NASDAQ:APOL), has completed the acquisition of Downtown based math curricula publisher, Carnegie Learning plc, Business Journal reported. The deal is expected to boost students’ retention and graduation rates.
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| Forex – GBP/USD Up During The U.S. Session Posted: 14 Sep 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change. GBP/USD was trading at 1.5782, up 0.01% at time of writing. The pair was likely to find support at 1.5707, today's low, and resistance at 1.5991, Friday's high. Earlier in the day, official data showed that the U.K. claimant count change rose less-than-expected to a seasonally adjusted 20.3K last month from 33.7K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 12:35 PM PDT The Census Bureau just came out with its annual data on Income, Poverty and Health Insurance in the country (for the full report see here). The data reminds us, as if we need any real reminding, that the Great Recession has done most of its damage to those who are at the bottom of the economic ladder. In 2010, 15.1% of the population were living in poverty, up from 14.3% in 2009 and 12.5% in 2007 before the Great Recession/Lesser Depression started. It is the fourth straight year that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 12:35 PM PDT The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted second-quarter 2011 results. Street analysts had ample time to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by the analysts as well as the Zacks Rank and long-term recommendation for the stock.
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| Forex – USD/CHF Down In U.S. Trading Hours Posted: 14 Sep 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on Core Retail Sales. USD/CHF was trading at 0.8748, down 0.64% at time of writing. The pair was likely to find support at 0.8706, Friday's low, and resistance at 0.8928, Monday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Sep 2011 12:20 PM PDT Weekly update on the ETFs: First Trust ISE ChIndia Index Fund, First Trust ISE-Revere Natural Gas Index Fund and Direxion Daily Natural Gas Related Bear 2x … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| 2011 SAT Test: Gender Disparity In Math Persists Posted: 14 Sep 2011 12:12 PM PDT The College Board released data today on the 2011 SAT test results, here are some highlights: 1. Following an uninterrupted trend that dates back to at least 1972, high school boys scored higher on average than girls on both the 2011 SAT reading test (500 average for males vs. 495 for females) and the SAT math test (531 for males vs. 500 for females, see chart above). The five-point male advantage on the 2011 SAT reading test was slightly greater than last year's 4-point difference; the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Up In U.S. Trade Posted: 14 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 Retail Sales. USD/CAD was trading at 0.9895, up 0.39% at time of writing. The pair was likely to find support at 0.9847, today's low, and resistance at 1.0027, Monday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 14 Sep 2011 11:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Retail Sales. EUR/USD was trading at 1.3759, up 0.59% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Friday's high. Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Central Bank Of Kenya Raises Rate 75bps To 7.00% Posted: 14 Sep 2011 10:26 AM PDT The Central Bank of Kenya increased its benchmark lending rate by 75 basis points to 7.00% from 6.25% previously. The central bank Governor, Njuguna Ndung’u, said: “The Committee observed that inflation, exchange rate and money market volatility continued to pose a challenge to the economy. Specifically, the debt crisis in Europe continues to have a significant impact on the economy through the exchange rate volatility. Events in the USA and Europe are expected to continue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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