Monday, September 19, 2011

DailyMarkets.com - Novo Nordisk Presents Degludec Data

DailyMarkets.com - Novo Nordisk Presents Degludec Data

Novo Nordisk Presents Degludec Data

Posted: 19 Sep 2011 12:05 PM PDT

Novo Nordisk (NYSE:NVO) recently announced data from a late stage trial evaluating its candidate, Degludec, an ultra long-acting basal insulin, in patients with type II diabetes. Data from the study revealed that Degludec can lead to reductions in blood glucose levels even if its dosing is delayed. Degludec can be given once daily upto 40 hours apart. Degludec led to reductions in HbA1c (a measure of blood glucose) at 26 weeks by 1.28 percentage points to 7.2% versus Sanofi Aventis' (NYSE:SNY) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Photonics Masts For Virginia Sub

Posted: 19 Sep 2011 12:05 PM PDT

Electric Boat, a wholly owned subsidiary of General Dynamics Corporation (NYSE:GD), received a $32.9 million contract from the U.S. Navy to supply three backup photonics masts for Virginia-class submarines.
The Virginia class is a class of nuclear-powered fast attack submarines in service with the United States Navy. The submarines are designed for a broad spectrum of open-ocean and littoral missions. In Virginia-class submarines, traditional periscopes are replaced by photonics masts. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volcker Rule Extension Risks Jobs?

Posted: 19 Sep 2011 11:25 AM PDT

The controversial Volcker Rule that restricts proprietary trading of U.S. banks may also be enforced on foreign banks with operations in the country, Bloomberg reported on Friday, following communication with four people familiar with the matter.
The legislation is part of the Dodd-Frank Act, which significantly overhauled the U.S. financial system after the near collapse of Wall Street during the 2007–2010 recession.
While the proposed rule is still pending its final draft with an October 18 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR SelfServ In Tesco Stores

Posted: 19 Sep 2011 11:25 AM PDT

NCR Corp. (NYSE:NCR) has recently offered its self-service checkout solution to Tesco plc. Financial details of the deal were not divulged.
UK-based supermarket chain Tesco has incorporated NCR’s SelfServ Checkout technology across its stores in Central and Eastern Europe. Its customers will now have the chance to scan, bag and pay for goods themselves in eight countries.
The move follows the huge success of self-service counters at Tesco stores in the U.K., Ireland, the US and South Korea. NCR … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Raises Prices

Posted: 19 Sep 2011 11:25 AM PDT

Air Products & Chemicals Inc. (NYSE:APD) announced to increase product pricing by 5 to 10% for liquid oxygen, liquid nitrogen, liquid argon, liquid and bulk hydrogen; and monthly service charges by 3 to 5% for merchant customers in North America. The price increase is effective from October 01, 2011.
In July 2011, the company reported third-quarter fiscal 2011 EPS of $1.46 versus $1.17 in the year-earlier quarter, in line with the Zacks Consensus Estimate of $1.46. The results exclude a 4-cent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Tests 100 Bar MA On 5 Minute Chart

Posted: 19 Sep 2011 11:24 AM PDT

The AUDUSD has moved higher in sympathy with the general dollar selling. The pair is back up testing the 100 bar MA on the 5 minute chart at the 1.0212 level level.  A move above this level opens up the upside for further gains toward the 200 bar MA at the 1.0225 area.  Failure to extend above the 100 bar MA, however, could lead to quick selling in the pair on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petition To Redistribute College GPA Scores

Posted: 19 Sep 2011 11:15 AM PDT

Do some students really need a 4.0 GPA? Isn’t that “excessive”?  Let’s make it a 3.80 and redistribute those extra GPA points to another student who’s struggling to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 19 Sep 2011 11:15 AM PDT

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

AUD/USD was trading at 1.0211, down 1.46% at time of writing.

The pair was likely to find support at 1.0168, today's low, and resistance at 1.0398, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.60% to hit 1.3398 and AUD/JPY falling 1.85% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Squeezes Higher And Through Resistance

Posted: 19 Sep 2011 11:12 AM PDT

The EURUSD has moved above the 100 and 200 bar MA on the 5 minute chart and also above the 38.2% of the move down from late Friday's high. It is also squeezing above the 1.3673 level which was lows and highs from the trading earlier today.
1.3690 is the next target and above that the 1.3706 and 1.3715 levels.  There is a gap in the EURUSD which extends from 1.3711 to 1.3753 which may look go get filled if given a chance.  On the downside now, watch the 1.3665 to 1.3673 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stepping Inside The SP500 Rally Into 1220 Resistance

Posted: 19 Sep 2011 11:11 AM PDT

What are chart traders watching as we start the week of September 19th?
Let's take a quick look at the key overhead resistance level on the Daily S&P 500 chart and step inside the market with a view of intraday Market Internals:

Focusing on the most important point:  Price has rallied into the overhead resistance of the falling 50 Day Exponential Moving Average (EMA) which recent served as a short-term turning/inflection point as September began.
The simple expectation would be to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Approach On Total System

Posted: 19 Sep 2011 11:05 AM PDT

We reiterated our Neutral recommendation on Total System Services Inc. (NYSE:TSS), the global electronic payment processor and merchant acquirer, based on the current sustainability factor. The company reported second-quarter operating earnings of 28 cents per share, which came in a penny higher than the Zacks Consensus Estimate of 27 cents and climbed from 25 cents per share in the year-ago quarter.
Results reflected increased same client transactions, lower taxes and slight increase in overall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edwards’ New Share Buyback Program

Posted: 19 Sep 2011 11:05 AM PDT

Edwards Lifesciences Corporation (NYSE:EW) recently announced a new share repurchase program worth $500 million. At the end of the second quarter of fiscal 2011, the company was left with $240 million of authorization. Edwards expects to repurchase approximately $100 million worth of additional shares during the third quarter of the current fiscal.
Edwards exited the second quarter of fiscal 2011 with $468.2 million in cash and cash equivalents (up from $396.1 million at the end of December 2010) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buffett Closes Lubrizol Acquisition

Posted: 19 Sep 2011 11:05 AM PDT

Berkshire Hathaway Inc. (BRK.A) (BRK.B) has completed the timely acquisition of The Lubrizol Corp., a chemical company headquartered in Ohio. The acquisition will cost the company $9.7 billion, at $135 per share. The purchase consideration includes $0.7 billion of the acquired company's debt.
Post-acquisition, Berkshire will continue with its headquarters at Wickliffe, Ohio, and will be led by the current management. CEO Warren Buffett has always managed Berkshire's diverse range of 80 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lennar Reports Mixed 3Q

Posted: 19 Sep 2011 11:05 AM PDT

Lennar Corporation (NYSE:LEN) reported net earnings of $20.7 million or 11 cents per share in the third quarter of fiscal 2011 ended August 31, 2011, compared with $30.0 million or 16 cents per share in the year-ago quarter. Reported earnings were in line with the Zacks Consensus Estimate of 11 cents per share.
Total revenue in the quarter dropped 1% year over year to $820.2 million, due to poor performance across all the company's reporting segments, except Rialto Investments. However, revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Carnival Corp.

Posted: 19 Sep 2011 11:05 AM PDT

Miami-based Carnival Corporation (NYSE:CCL) is slated to release its third quarter 2011 earnings results on September 20, before the opening bell. Carnival expects earnings in the range of $1.60–$1.64 per share. The Zacks Consensus Estimate for the third quarter is pegged at $1.63, reflecting a 0.94% decline year over year and within the guidance range.
Carnival, the world's biggest cruise line operator, has outperformed the Zacks Consensus Estimate in three out of the last four quarters. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMC Solves Insurance Issues

Posted: 19 Sep 2011 11:05 AM PDT

BMC Software Inc. (NYSE:BMC) announced that China Pacific Insurance Co. ("CPIC") recently deployed its Business Service Management (BSM) platform. Financial details of the deal were not disclosed.
The CPIC Group holds the second largest position in property insurance and the third largest position in life insurance in Mainland China. It provides integrated insurance services, including life insurance, property insurance and reinsurance, through its subsidiaries.
The Group updated its existing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Sep 2011 10:45 AM PDT

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

USD/JPY was trading at 76.49, down 0.40% at time of writing.

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

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.20% to hit 1.3635 and GBP/USD falling 0.79% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Covidien Sets Up R&D Base In China

Posted: 19 Sep 2011 10:35 AM PDT

Leading healthcare products maker Covidien plc (NYSE:COV) has announced its plans to set up a research and development (R&D) center in China, its first in the world's second largest economy. The center will focus on developing breakthrough products, helping physicians to improve healthcare offerings to people in China and other emerging markets in Asia.   
The new flagship R&D center will be based in Shanghai and will be operational by July 2012. The 100,000-square-foot … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta, Virgin To Share Codes

Posted: 19 Sep 2011 10:35 AM PDT

The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) will start codesharing its flights with Virgin Australia on the trans-Pacific route from November.
The move is part of the joint venture between the two airlines that received all necessary approvals in June. Per the deal, Delta will add its code to Virgin Australia flights between Los Angeles and the Australian cities ––Sydney, Melbourne and Brisbane. At the same time, Virgin Australia will add its code to Delta’s services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Nigeria Hikes Rate 50bps To 9.25%

Posted: 19 Sep 2011 10:23 AM PDT

The Central Bank of Nigeria raised its monetary policy interest rate by 50 basis points to 9.25% from 8.75% previously.  The Bank also increased the key borrowing and lending rates by 50bps to 7.25% and 11.25% respectively.  Bank Governor, Lamido Sanusi, said: “Concerns remain about sustaining the current inflation trend. The anticipated high liquidity in the near future would have a bearing on inflation in the near future,” further noting that “the fiscal stance continues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.83%

Posted: 19 Sep 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX fell 2.83%, London's FTSE 100 shed 2.03%, France's CAC 40 declined 3.00% and the EURO STOXX 50 was down 2.93%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.98%; the S&P 500 index shed 1.94%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outlook Murky, Valuations Compelling

Posted: 19 Sep 2011 09:55 AM PDT

The Earnings Picture

Second quarter earnings season is over; the attention now shifts to the third quarter. With the exception of a handful of financials, most notably Bank of America (NYSE:BAC), which had a $12 billion negative swing in net income from last year, this has been another great earnings season.

The year-over-year growth rate for the S&P 500 is 11.9%, way off the 17.1% pace posted in the first quarter. However, it you exclude the financial sector, growth is 19.3%, actually up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center Stays Neutral

Posted: 19 Sep 2011 09:55 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII) is one of the largest rent-to-own operators in the U.S. and leverages an extensive network of about 3,000 stores to effectively penetrate its target markets, and gain a competitive advantage over its competitors, such as Aaron's Inc. (AAN), and Advance America.
The company is taking prudent steps to optimize rental merchandise levels in accordance with sales trends. Rent-A-Center implemented a centralized inventory management system, including automated merchandise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil’s N Sea Plan Wins Approval

Posted: 19 Sep 2011 09:55 AM PDT

Norway-based Statoil ASA (NYSE:STO) received consent from The Ministry of Petroleum and Energy for the development and operation (PDO) of Stjerne and Vigdis North-East fields. Statoil, along with other licensees, is expected to invest around 5.3 billion Norwegian crowns ($948 million) for the development of a small oil and gas field in the North Sea.
A four-slot seabed template tied back to Snorre A will be used for the development of Vigdis North-East, located in the Tampen area of the Norwegian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DFC Global Downgraded

Posted: 19 Sep 2011 09:35 AM PDT

We are downgrading our recommendation on DFC Global Corp. (NASDAQ:DLLR) to Neutral from Outperform as the company remains apprehensive about its high operating expenses and tightened lending. The company also faces risks related to decline in cash checking revenues, insufficiency of cash flows against debt obligations and its increased international dependence.
DFC Global has been diversifying in both the sectors of products and geography since years. The company purchased Purpose to strengthen its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patriot Warns 3Q Production Hit

Posted: 19 Sep 2011 09:35 AM PDT

Coal miner Patriot Coal Corporation (NYSE:PCX), on Friday, said geological issues at its two longwall mines and the closure of a thermal mine are likely to affect production in the third quarter. Highlighting the problems faced at its mines the company tweaked its third quarter production projection, expecting to lose about 450,000 tons.
Patriot said longwall moves at both the Federal and Panther mines, which were scheduled to take place in the third quarter, were delayed causing production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBP/USD Bearishness Targeting 1.55 Downside To Further Downtrend

Posted: 19 Sep 2011 09:19 AM PDT

GBP/USD (daily chart) as of Monday (9/19/2011) has continued its dramatic overall bearishness of the last several weeks by making a significant breakdown below key 1.5750 area support. This breakdown caps off a full month of steeply bearish price action coming off the mid-August 1.6616 high. Now that a breakdown below the 1.5750 support region has been made, the next major support target to the downside resides around the 1.5500 price region, which represents the 50% retracement of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Humana Expands RightSource Business

Posted: 19 Sep 2011 09:05 AM PDT

On Friday, Humana Inc. (NYSE:HUM) announced the expansion of its RightSource mail and specialty drug business by hiring 200 new employees at a new office complex in Ohio by spring 2012. Besides, the company will also shift 450 existing employees of RightSource to the new location by December 2012.
Humana has already leased a 175,000 square-foot space at an office complex in Springdale, Ohio, which will be the company's third office in Greater Cincinnati. The company had started its operations in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSD MicroThermX Featured At CIRSE

Posted: 19 Sep 2011 09:05 AM PDT

Cancer treatment systems maker BSD Medical Corp. (NASDAQ:BSDM) reported that its MicroThermX Microwave Ablation System ("MicroThermX") was showcased at the international meet of the Cardiovascular and Interventional Radiological Society of Europe ("CIRSE").
The innovative therapy system was featured at the Utah-based company's exhibition booth at the CIRSE meet, held in Munich, Germany, on September 10-14. CIRSE is the largest meeting in the world dedicated to interventional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Medical To Restructure

Posted: 19 Sep 2011 08:35 AM PDT

International orthopedic devices company  Wright Medical Group (NASDAQ:WMGI) recently reported that it is exercising a cost restructuring initiative to improve profitability, promote growth and strengthen cash flow, leading to enhanced shareholder value. The company believes that the early phase of this project will be concluded over the upcoming 9 months to be followed by more efficiency drives from 2012 onwards.
According to Wright Medical Group, the restructuring initiative will lead to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Suncor Down To Neutral

Posted: 19 Sep 2011 08:35 AM PDT

Following the second quarter earnings miss, we have downgraded Canada's biggest energy firm and the largest oil sands outfit Suncor Energy Inc. ( SU) t o Neutral from Outperform.
Calgary, Alberta-based Suncor is Canada's premier integrated energy company. Suncor’s operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.
Following the Petro-Canada … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Market In Sugar Starting To Sour?

Posted: 19 Sep 2011 08:33 AM PDT

Monday September 19, 2011
With chart patterns seeming to suggest the recent highs for March Sugar may be in place, some traders may wish to consider exploring bearish trading strategies using Sugar futures options. An example of one such strategy would be to sell bear call spreads. For instance, with March Sugar trading at 26.73 as of this writing, the November 28.50 call could be sold and the November 30.50 call bought for a credit of 0.30, or $336.00, not including commissions. The premium … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Toward Intraday Resistance At 100 Bar MA.

Posted: 19 Sep 2011 08:28 AM PDT

The EURUSD moved higher and broke above the 1.3626-33 resistance area outline in earlier posts. The pair is higher and looks to test the 100 bar MA at the 1.3650 level.  A move above is the next step for the corrective move. Failure to get above the level should lead to a rotation back to the downside for the pair with support at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher As Euro Tumbles On Greece Woes

Posted: 19 Sep 2011 08:06 AM PDT

Forexpros – The U.S. dollar extended gains against almost all of its major counterparts on Monday, as mounting concerns over a debt default by Greece spurred a flight to safety by investors.

During U.S. morning trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.33% to hit 1.3617.

Over the weekend, European finance ministers warned that Greece may not receive it next tranche of aid, due next month, if the government fails to meet deficit reduction targets. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EMC Opens New Datacenter

Posted: 19 Sep 2011 08:05 AM PDT

EMC Corp. (EMC) recently announced that it has opened a new datacenter in Durham, North Carolina. The 450,000 square foot Center of Excellence (COE) is EMC's seventh datacenter and the first one in the US. The other six COE's are located in India, China, Egypt, Israel, Ireland and Russia.
The new COE will extend EMC's private cloud and will support more than 50,000 users across 400 corporate offices in more than 80 countries. In addition to the data center, the COE includes 130,000 square … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Hit 6-month Low On U.S. Weather Outlook

Posted: 19 Sep 2011 07:54 AM PDT

Forexpros – Natural gas futures extended sharp losses from the previous session on Monday, tumbling to a six-month low as mild weather forecasts for the eastern U.S. states was expected to limit demand, while rising production levels in the U.S. also weighed.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.789 per million British thermal units during U.S. morning trade, slumping 0.53%.

It earlier fell as much as 1.3% to trade at USD3.761 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DISH To Tap Netflix Customers

Posted: 19 Sep 2011 07:50 AM PDT

The low-priced leader in the U.S pay TV industry, Dish Network Corp. (NASDAQ:DISH), in an attempt to capitalize on the recent price hike from the leading on-demand internet streaming media Netflix, Inc. (NASDAQ:NFLX) plans to announce its new video streaming service rates on September 23, 2011.
Recently, DISH Network acquired Blockbuster Inc for $228 milion. The acquisition of Blockbuster enables DISH Network to offer several movie streaming services over the Internet, thus efficiently countering the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Hits Next Target At 1.3590

Posted: 19 Sep 2011 07:45 AM PDT

The next downside target in the EURUSD at the 1.3590 area was reached and the market price bounced. The bounce took the price toward resistance at the 1.3625 level and the dip buyers seemed to be happy and sold.  So currently, the price is between intraday support and resistance as the London close approaches. 
Today, the EURUSDs corrective moves have been limited with floors becoming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Moves Toward Key 76.25 Level

Posted: 19 Sep 2011 07:39 AM PDT

The USDJPY is moving lower as the flight into the JPY takes charge.  The 76.25 level is the next key level for the pair. The low for the day comes in at the 76.31.  It is a Japan holiday today but there were reports in the press that the Japan government were looking to enact measures that would stop the yens gains.  These measures could be announced as early as tomorrow.
So although a move below the 76.25 level might trigger stops, I would expect a tough time getting through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Extends Losses, Plunges To 1-week Low On Greece Fears

Posted: 19 Sep 2011 07:36 AM PDT

Forexpros – Crude oil futures plunged to a one-week low on Monday, extending earlier losses as a combination of a broadly stronger U.S. dollar and fears over a Greek debt default undermined the appeal of commodities.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD85.01 a barrel during U.S. morning trade, tumbling 3.28%.

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

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

Benihana Sales Up, Hurt By Irene

Posted: 19 Sep 2011 07:35 AM PDT

Benihana Inc (NASDAQ:BNHN), the largest operator of Japanese restaurants in the U.S, posted restaurant sales of $24.9 million in the four-week period ending September 11, 2012, up 5.6% from $23.5 million delivered in the year-ago period. 
The company's comparable restaurant sales grew 6.7% in the second four-week period of the second quarter of 2012, representing the twentieth consecutive period of growth.
The upside in sales was primarily driven by improved comparable restaurant sales at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Henry Schein Extends Reach

Posted: 19 Sep 2011 07:35 AM PDT

Henry Schein (NASDAQ:HSIC), the largest provider of health care products and services to office-based practitioners, recently opened a dental suit for children at Shriners Hospital, Hawaii. The dental suit namely, Dr. Gary I. Kondo Dental Suite will offer treatment to patients from Hawaii as well as the Pacific Rim, regardless of their paying capacity. The Shriners Hospitals for Children includes 22 hospitals nationwide and is a 501(c) 3 non-profit organization.
Henry Schein primarily derives its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Losses, Hits Fresh 8-month Low

Posted: 19 Sep 2011 07:34 AM PDT

Forexpros – The pound extended steep losses against the U.S. dollar on Monday, as mounting fears over a possible debt default by Greece spurred investors to flee to safe haven assets.

GBP/USD hit 1.5634 during U.S. morning trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.5650, tumbling 0.89%.

Cable was likely to find support at 1.5685, the days low and resistance at 1.5814, the high of September 14.

Over the weekend, European finance ministers warned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T And The Economics Of Monopoly; Dept. Of Justice Has Dismal Record In Fast-Moving Industries

Posted: 19 Sep 2011 07:32 AM PDT

“The Justice Department has a dismal record in bringing antitrust cases in fast-moving industries. In the 1960s, IBM had to defend its “dominant” mainframe business, which the personal computer soon rendered obsolete. Then Microsoft was accused of having monopoly power it only wishes it ever had. Today Google is in the regulatory crosshairs just as it faces many new competitors. 

“In treating technology markets as if they were fixed in size and closed to new entrants,” tech author Larry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Resumes Slide As Polish Summit Yields Little But Words

Posted: 19 Sep 2011 07:15 AM PDT

Fundamental Headlines
• Euro Bulls Capitulate After Trichet Comments – Bloomberg
• Fears Over Exemptions to Volcker Rule – Financial Times
• Obama Deficit Plan Aimed at Democratic Base – Reuters
• Fed Ponders Jobs, Inflation Targets – WSJ
• Greece Eyes Fresh Cuts as Default Fears Grow – WSJ
European Session Summary
The Euro was the second worst performing major currency in the overnight, just behind the Australian Dollar, as concerns over Greece gripped markets participants … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles As Greece Default Fears Intensify

Posted: 19 Sep 2011 07:11 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to a fresh three-day low as fears over a possible default by Greece intensified, causing investors to shun riskier assets.

EUR/USD hit 1.3597 during U.S. morning trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 1.3610, tumbling 1.38%.

The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and resistance at 1.3782, last Wednesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Drop Below USD1,800, Greece Fears Support

Posted: 19 Sep 2011 07:06 AM PDT

Forexpros – Gold futures erased gains on Monday, pulling back from a three-day high to trade below USD1,800-an-ounce as steep declines in global equity markets prompted investors to sell the precious metal to cover losses elsewhere.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,795.85 a troy ounce during U.S. morning trade, tumbling 0.95%.

It earlier rose as much as 0.95% to trade at USD1,828.55 a troy ounce, the highest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RenaissanceRe Stays Neutral

Posted: 19 Sep 2011 07:05 AM PDT

We reiterated our 'Neutral' recommendation on RenaissanceRe Holdings Ltd. (NYSE:RNR) based on the company's earning prospects and the increasing challenges it faces in its investment portfolio.
RenaissanceRe reported a second quarter operating loss of 21 cents per share, as opposed to the Zacks Consensus Estimate of operating earnings of $1.64, showing a sharp decline from operating earnings of $2.40 per share reported in the year-ago quarter. Net income plunged 88.2% to $24.8 million from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Oracle Corp.

Posted: 19 Sep 2011 07:05 AM PDT

Oracle Corp. (NASDAQ:ORCL) is set to release its first quarter 2012 results on Sept 20, 2011, after the closing bell. In the run up to the earnings results, we do not notice any substantial movement in analysts' estimates for the quarter.
Looking Back at 4Q11
Oracle reported robust top-line growth in the fourth quarter of 2011 that helped the company earn 71 cents per share in the quarter, which beat the Zacks Consensus Estimate by two cents.
Total revenue in the fourth quarter increased 12.2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2011 Pew Research Political Typology Quiz

Posted: 19 Sep 2011 06:53 AM PDT

Where do you fit politically? To find out, take the 2011 Pew Research Political Typology … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Countersued In Australia

Posted: 19 Sep 2011 06:35 AM PDT

Recently, Samsung Electronics Co. filed a countersuit against Apple Inc. (NASDAQ:AAPL) in Australia, alleging violation of seven Australian patents owned by Samsung related to wireless communications standards.
Apple had earlier won an injunction against Samsung Electronics Co., under which the latter was forced to delay the launch of Galaxy Tab 10.1 until the end of September, in Australia.
Samsung had originally scheduled the launch of its Galaxy Tab 10.1 tablet in Australia in the middle of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greece Fears Are Back

Posted: 19 Sep 2011 06:35 AM PDT

Renewed Greece-related headlines are expected to come in the way of the budding stock market rally. Stocks gained almost 5% last week as some of the more dire scenarios about Europe lost ground following concerted actions by global central banks, including the U.S. Fed, to prop up the liquidity of European banks.

The overall tone of public statements from EU officials, particularly about Greece, also appeared to soften up a bit. But the weekend meeting of EU finance ministers, with a guest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taking Profits On SM Prime Holdings, Inc. (SMPH)

Posted: 19 Sep 2011 06:28 AM PDT

Just last September 8, 2011, the shares of SM Prime Holdings, Inc. or SMPH in the Philippine Stock Exchange caught the market's attention when it suddenly rose by 3.87% on a huge volume to finally break the Php 12.00 barrier. SMPH has continued to rise but now it seems that a temporary correction could be on the watch in the near term.
In last post about SMPH (kindly see it here), it had just broken out from a cup and handle pattern. Judging from the height of the formation, I mentioned that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD/GBPUSD Extends To The Downside

Posted: 19 Sep 2011 06:28 AM PDT

Look for the 1.3626-33 to hold resistance with the 1.35907 being the next target below. 
For the GBPUSD the 1.5650 area is the next target for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Jumps To 2-day High As Greece Fears Mount

Posted: 19 Sep 2011 06:25 AM PDT

Forexpros – The broadly stronger U.S. dollar jumped to a two-day high against its Canadian counterpart on Monday, as risk aversion sharpened amid fears that the euro zone's sovereign debt crisis is worsening.

USD/CAD hit 0.9897 during U.S. morning trade, the highest since September 15; the pair subsequently consolidated at 0.9889, jumping 1.11%.

The pair was likely to find support at 0.9777, Friday's low and a two-week low and short-term resistance at 0.9948, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Settles In A Narrow Range In Early NY Trading.

Posted: 19 Sep 2011 06:13 AM PDT

The EURUSD gapped lowet today and continues to have that gap between1.3753 and 1.3711.  The gaps typically get filled but it does not have to be any time soon.   Looking at the hourly chart above, the price gapped below the 100 hour MA at the 1.3738 level. This is also a bearish development and points toward lower levels.  However, the pair is finding support against the 1.3726 level which has shown to be a level where the market turns either to the downside or back to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DuPont Provides Pioneer’s Outlook

Posted: 19 Sep 2011 06:11 AM PDT

US chemical giant EI DuPont de Nemours & Co. (NYSE:DD) announced that its Pioneer Hi-Bred business is expected to post sales growth in 2011.
Higher futures prices for commodities, including soybeans and corn, are helping drive sales.
The corn price on U.S. commodities markets has risen about 15% in 2011 as corn is in short supply globally. Soybean prices have fallen about 1.4% because the stockpiles are more comfortable.
While 2011 has been a challenging growing season, Pioneer runs excellent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Barclays PLC, 99 Cents Only Stores, Netflix, Revlon, Research In Motion Limited, Stratasys, Textron

Posted: 19 Sep 2011 06:11 AM PDT

    Shares of blackberry smart phone maker Research In Motion Ltd. (NASDAQ:RIMM) declined 18.99% after the company posted poor earnings results that came in below expectations

    New York Post reported that Apollo Global Management LLC (APO) is expected to make an offer to buy deep discount chain 99 Cents (NYSE:NDN) for $22-$24 a share. Following the report, shares of 99 cents advanced 9.41%

    Analysts at BMO Capital Markets upgraded cosmetic maker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brightpoint Downgraded To Neutral

Posted: 19 Sep 2011 06:05 AM PDT

We downgrade our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Neutral based on its current valuation, which moved up by nearly 42% last year. The company reported strong financial results in the second quarter of 2011, beating the Zacks Consensus Estimates. We believe the long-term business prospect of Brightpoint remains intriguing buoyed by the galloping demand for high-end smartphones and tablets throughout the world. Newly won distribution agreements coupled with effective cost control … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Naval Contract For AAR Corp.

Posted: 19 Sep 2011 06:05 AM PDT

AAR Corp. (NYSE:AIR) has recently been awarded a contract from Military Sealift Command (MSC) to provide airlift support for U.S. Navy ships, beating four other rival bidders for a contract value of approximately $77 million. The contract has a one-year initial base period, three one-year options and an additional 11-month option.
AAR's Airlift Group provides airlift services in severe environments and performs specialized aircraft modifications, supporting national defense, security and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Near 10-year Low Amid Greece Default Fears

Posted: 19 Sep 2011 05:58 AM PDT

Forexpros – The euro was down against the yen on Monday, trading close to a 10-year low as concerns over a sovereign default by Greece escalated after warnings from European finance ministers over the weekend.

EUR/JPY hit 104.60 during European afternoon trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 104.63, falling 1.26%.

The pair was likely to find support at 103.91, the low of September 12 and a 10-year low and resistance at 106.56, Friday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novatel Remains Neutral

Posted: 19 Sep 2011 05:35 AM PDT

We reiterate our long-term Neutral recommendation on Novatel Wireless Inc. (NASDAQ:NVTL). The company's second-quarter 2011 financial results beat the Zacks Consensus Estimates. This was primarily due to significant increase in revenue supported by a huge market traction of Novatel's newly launched 4G-enabled products, especially the 4G MiFi intelligent hotspots and 4G Expedite embedded solution. At present, the company is systematically upgrading its existing customers to its innovative 4G … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FWLT In 2nd Phase Of Sasol’s Project

Posted: 19 Sep 2011 05:35 AM PDT

Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract to provide engineering, procurement and construction management (EPCm) services for Sasol Chemical Industries Ltd.'s Sasolburg Utilities Expansion Project at Sasolburg, South Africa.
Though the contract has been added to Foster Wheeler's second-quarter 2011 bookings, the contract value was not disclosed. The expected completion period of the project is second-quarter 2012.
Sasol has a list of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Point To Sharply Lower Open; Dow Drops 1.2%

Posted: 19 Sep 2011 05:31 AM PDT

Forexpros – U.S. stock futures pointed to a sharply lower open on Monday, tracking steep losses in global equities as mounting concerns over a potential Greek debt default prompted investors to dump riskier assets.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 1.2%, the S&P 500 futures indicated a decline of 1.45%, while the Nasdaq 100 futures pointed to a 1.2% drop.

Fears over a possible Greek debt default intensified over the weekend after European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Adds To Gains On Increased Safe Haven Demand

Posted: 19 Sep 2011 05:02 AM PDT

Forexpros – The U.S. dollar added to gains against almost all of its major counterparts on Monday, as renewed fears over a sovereign debt default by Greece saw investors seek out safe haven assets.

During European afternoon trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.04% to hit 1.3566.

Fears over a possible default by Greece intensified after European Union finance ministers warned that Greece may not receive its next EUR8 billion tranche of aid due … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Close To 8-month Low On Euro Debt Fears

Posted: 19 Sep 2011 04:51 AM PDT

Forexpros – The pound remained down against the broadly stronger U.S. dollar on Monday, as renewed fears over a default by Greece and the possibility of more economic stimulus from the Bank of England weighed.

GBP/USD hit 1.5685 during European afternoon trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.5718, shedding 0.45%.

Cable was likely to find support at 1.5685, the days low and resistance at 1.5814, the high of September 14.

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

Forex – EUR/USD Remains Lower As Greece Aid Talks Eyed

Posted: 19 Sep 2011 04:11 AM PDT

Forexpros – The euro remained sharply lower against the U.S. dollar on Monday, as a lack of progress on resolving the financial crisis in the euro zone and fears over a default by Greece saw investors shun the single currency.

EUR/USD hit 1.3634 during European early afternoon trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 1.3669, tumbling 0.94%.

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

Forex – EUR/GBP Down Amid Renewed Greece Default Fears

Posted: 19 Sep 2011 04:00 AM PDT

Forexpros – The broadly weaker euro was lower against the pound on Monday, as the lack of headway by finance ministers in resolving the euro zone's financial crisis and averting a default by Greece weighed.

EUR/GBP hit 0.8671 during European late morning trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 0.8684, shedding 0.64%.

The pair was likely to find support at 0.8637, last Wednesday's low and resistance at 0.8788, last Friday's high.

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

Sugar Futures Drop To 1-month Low As Brazil Supply Fears Ease

Posted: 19 Sep 2011 03:37 AM PDT

Forexpros – Sugar futures fell to a one-month low on Monday, extending sharp losses from the previous session as a combination of easing concerns over a decline in Brazilian sugar production and a broadly stronger U.S. dollar weighed.

On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2745 a pound during European morning trade, shedding 0.4%.

It earlier fell as much as 0.65% to trade at USD0.2741 a pound, the lowest price since August 16.

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

AIM Risers Amp; Fallers: Probability Leads On Takeover Talk While Nostra Terra Disappoints

Posted: 19 Sep 2011 03:21 AM PDT

The FTSE AIM All-Share opened at 769.81 points on Monday but immediately lost ground as concerns about European sovereign debt continued to dominate investor sentiment. Probability (LON:PBTY) , the mobile gambling operator, was the top riser on AIM on Monday after the company confirmed that it was in talks over a possible takeover by William Hill (LON:WMH). Shares in the company had risen by nearly 50% to 73p by mid-morning.

Elsewhere, Image Scan (LON:IGE), a company that makes x-ray imaging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up Amid Renewed Euro Zone Debt Worries

Posted: 19 Sep 2011 03:14 AM PDT

Forexpros – The U.S. dollar was higher against the Swiss franc on Monday, as renewed concerns over a sovereign default by Greece boosted demand for the dollar as a safe haven after the Swiss National Bank's move to weaken the franc diminished its safe haven appeal.

USD/CHF hit 0.8860 during European morning trade, the pair's highest since September 13; the pair subsequently consolidated at 0.8831, surging 0.86%.

The pair was likely to find support at 0.8685, Friday's low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Raises Prices

Posted: 19 Sep 2011 03:10 AM PDT

Air Products & Chemicals Inc. (NYSE:APD) announced to increase product pricing by 5 to 10% for liquid oxygen, liquid nitrogen, liquid argon, liquid and bulk hydrogen; and monthly service charges by 3 to 5% for merchant customers in North America. The price increase is effective from October 01, 2011.
In July 2011, the company reported third-quarter fiscal 2011 EPS of $1.46 versus $1.17 in the year-earlier quarter, in line with the Zacks Consensus Estimate of $1.46. The results exclude a 4-cent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Plunge As Financials Drop Sharply; DAX Tumbles 3%

Posted: 19 Sep 2011 02:10 AM PDT

Forexpros – European stock markets were down sharply on Monday, as shares in the financial sector came under pressure amid fears that the euro zone's sovereign debt crisis is worsening.

During European morning trade, the EURO STOXX 50 tumbled 2.85%, France's CAC 40 sank 2.75%, while Germany's DAX 30 plunged 3%.

A meeting of European Union finance ministers in Poland over the weekend failed to produce an agreement on how to resolve the region's ongoing debt crisis, prompting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Higher Vs. Rivals As Euro Falls On Greece Fears

Posted: 19 Sep 2011 01:46 AM PDT

Forexpros – The U.S. dollar was higher against all of its major counterparts on Monday, as the euro weakened broadly after a weekend meeting of European finance ministers failed to make progress on resolving the region's financial crisis.

During European morning trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 0.93% to hit 1.3670.

Concerns over a possible default by Greece escalated after European Union finance ministers warned that they may withhold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Fall To 1-week Low On Dollar, EZ Debt Woes

Posted: 19 Sep 2011 01:22 AM PDT

Forexpros – Crude oil futures extended sharp losses from the previous session on Monday, dropping to a one-week low as the dollar strengthened amid fears that the euro zone's sovereign debt crisis is worsening.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD86.66 a barrel during European morning trade, dropping 1.41%.

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

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

Forex – GBP/USD Off 8-month Low But Gains Limited

Posted: 19 Sep 2011 01:07 AM PDT

Forexpros – The pound trimmed losses against the U.S. dollar on Monday, pulling away from an eight-month low, but gains were limited as concerns over the debt crisis in the euro zone and speculation over fresh monetary easing by the Bank of England weighed.

GBP/USD retreated from1.5685, the pair's lowest since January 12, to hit 1.5728 during early European trade, still down 0.39%.

Cable was likely to find support at 1.5685, the days low and resistance at 1.5814, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Almost Unchanged In Quiet Trade

Posted: 19 Sep 2011 12:47 AM PDT

Forexpros – The U.S. dollar was almost unchanged against the yen in holiday-thinned trade on Monday, as lingering concerns over the debt crisis in the euro zone supported demand for safe havens.

USD/JPY hit 76.78 during late Asian trade, the daily low; the pair subsequently consolidated at 76.81, inching up 0.01%.

The pair was likely to find short-term support at 76.41, the low of August 31 and resistance at 77.24, the high of September 13.

A meeting of European Union finance ministers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb To 3-day High On Euro Zone Debt Fears

Posted: 19 Sep 2011 12:35 AM PDT

Forexpros – Gold futures advanced on Monday, climbing to a three-day high as concerns that the euro zone's sovereign debt crisis is worsening underlined 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 USD1,825.65 a troy ounce during late Asian trade, jumping 0.77%.

It earlier rose as much as 0.95% to trade at USD1,828.55 a troy ounce, the highest price since September 14.

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

Forex – AUD/USD Trims Losses But Upside Limited

Posted: 19 Sep 2011 12:27 AM PDT

Forexpros – The Australian dollar trimmed losses against its U.S. counterpart on Monday, pulling back from a two-day low, but concerns over the debt crisis in the euro zone continued to weigh.

AUD/USD pulled away from 1.0212, the pair's lowest since last Thursday, to hit 1.0260 during early European trade, still down 0.98% on the day.

The pair was likely to find support at 1.0181, Thursday's low and resistance at 1.0345, the high of the same day.

Concerns over the debt crisis in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Tumbles As Euro Zone Debt Woes Weigh

Posted: 19 Sep 2011 12:03 AM PDT

Forexpros – The New Zealand dollar tumbled against its U.S. counterpart on Monday, as ongoing concerns over the debt crisis in the euro zone curbed investor demand for riskier assets.

NZD/USD hit 0.8212 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8236, falling 0.65%.

The pair was likely to find support at 0.8119, last Thursday's low and an almost one-month low and resistance at 0.8340, Friday's high and a one-week high.

Risk appetite was hit after a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Drop As EU Debt Woes Linger; Nikkei Closed

Posted: 18 Sep 2011 11:44 PM PDT

Forexpros – Asian stock markets were sharply lower on Monday, with shares in lenders and exporters leading losses as lingering concerns over the euro zone's sovereign debt crisis weighed on market sentiment.

During late Asian trade, Hong Kong’s Hang Seng Index tumbled 2.5%, South Korea’s Kospi Composite sank 1.1%, Australia's ASX/200 Index dropped 1.75%, while Japan's Nikkei 225 Index was closed for a public holiday.

A meeting of European Union finance ministers in Poland over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Sharply Lower In Holiday-thinned Trade

Posted: 18 Sep 2011 11:29 PM PDT

Forexpros – The euro was sharply lower against the U.S. dollar in holiday-thinned trade on Monday, after a weekend meeting of European finance ministers failed to make headway on dealing with the debt crisis in the region.

EUR/USD hit 1.3645 during late Asian trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 1.3672, tumbling 0.92%.

The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and resistance at 1.3782, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Avis Budget Group (CAR)

Posted: 18 Sep 2011 11:05 PM PDT

Continued focus on productivity and cost containment initiatives coupled with better travel trends and lower fleet costs drove Avis Budget Group (NYSE:CAR) to post better-than-expected financial results for second-quarter 2011. The quarterly earnings of $0.63 per share surpassed the Zacks Consensus Estimate of $0.31 and surged more than 2.5 times from the prior-period earnings.
We believe Avis Budget’s strong focus on cost reductions will help the company achieve its goal of higher operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Limited Brands, Inc.

Posted: 18 Sep 2011 11:05 PM PDT

 
LIMITED BRANDS (LTD): Free Stock Analysis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Citi Trends, Inc. (CTRN)

Posted: 18 Sep 2011 11:05 PM PDT

Citi Trends, Inc. (NASDAQ:CTRN) falling comparable store sales, coupled with rising input costs and operating expenses battered the second-quarter 2011 results. The company witnessed a quarterly loss of $0.69 per share that broadened 17 folds from the prior-period loss of $0.04. The Zacks Consensus Estimate for the quarter was a loss of $0.64 per share.
Further, due to uncertainty hovering around sales given the global economic unrest, the company rolled back its earnings guidance range of $1.25 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Blount International

Posted: 18 Sep 2011 11:05 PM PDT

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

Momentum Stock: Konami Corp

Posted: 18 Sep 2011 11:05 PM PDT

Forex – EUR/USD Down During The Asian Session

Posted: 18 Sep 2011 10:40 PM PDT

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

EUR/USD was trading at 1.3672, down 0.93% at time of writing.

The pair was likely to find support at 1.3592, Wednesday's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8706 and EUR/JPY falling 0.76% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 18 Sep 2011 10:15 PM PDT

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

GBP/USD was trading at 1.5700, down 0.59% at time of writing.

The pair was likely to find support at 1.5685, today's low, and resistance at 1.5869, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.42% to hit 0.8703 and GBP/JPY falling 0.41% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perfect Storm Creates Tidal Wave Of Gold Demand

Posted: 18 Sep 2011 10:00 PM PDT

A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council's (WGC) Jason Toussaint, who gave some remarkable insight into gold demand in the East. In these countries, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.
Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 18 Sep 2011 09:50 PM PDT

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

EUR/CHF was trading at 1.2057, down 0.24% at time of writing.

The pair was likely to find support at 1.2024, Wednesday's low, and resistance at 1.2096, Friday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.98% to hit 1.3665 and EUR/JPY falling 0.83% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The Asian Session

Posted: 18 Sep 2011 09:20 PM PDT

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

USD/CHF was trading at 0.8822, up 0.75% at time of writing.

The pair was likely to find support at 0.8648, Thursday's low, and resistance at 0.8854, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.97% to hit 1.3666 and USD/JPY rising 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down In Asian Trade

Posted: 18 Sep 2011 09:00 PM PDT

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

EUR/GBP was trading at 0.8706, down 0.39% at time of writing.

The pair was likely to find support at 0.8639, Wednesday's low, and resistance at 0.8790, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.96% to hit 1.3667 and EUR/JPY falling 0.82% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trading Hours

Posted: 18 Sep 2011 08:35 PM PDT

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

USD/JPY was trading at 76.89, up 0.12% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.30, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.00% to hit 1.3662 and GBP/USD falling 0.58% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up During The Asian Session

Posted: 18 Sep 2011 08:10 PM PDT

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

USD/CAD was trading at 0.9834, up 0.56% at time of writing.

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

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.96% to hit 1.3667 and GBP/USD falling 0.57% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In Asian Trade

Posted: 18 Sep 2011 07:30 PM PDT

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

AUD/USD was trading at 1.0245, down 1.13% at time of writing.

The pair was likely to find support at 1.0178, Wednesday's low, and resistance at 1.0398, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.12% to hit 1.3336 and AUD/JPY falling 1.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In Asian Trading Hours

Posted: 18 Sep 2011 07:05 PM PDT

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

GBP/CHF was trading at 1.3860, up 0.22% at time of writing.

The pair was likely to find support at 1.3709, Thursday's low, and resistance at 1.3931, Wednesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.58% to hit 1.5701 and EUR/GBP falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 18 Sep 2011 06:35 PM PDT

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

EUR/USD was trading at 1.3657, down 1.04% at time of writing.

The pair was likely to find support at 1.3592, Wednesday's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.47% to hit 0.8699 and EUR/JPY falling 0.90% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trading Hours

Posted: 18 Sep 2011 06:00 PM PDT

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

USD/JPY was trading at 76.93, up 0.18% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.30, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.80% to hit 1.3689 and GBP/USD falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Down In Asian Trade

Posted: 18 Sep 2011 05:25 PM PDT

Forexpros – The Euro was lower against the Japanese Yen on Monday.

EUR/JPY was trading at 105.35, down 0.60% at time of writing.

The pair was likely to find support at 104.56, Wednesday's low, and resistance at 106.99, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.79% to hit 1.3691 and EUR/GBP falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swing Trade Idea, Guns

Posted: 18 Sep 2011 04:57 PM PDT

With the fear of banking crisis turning America into Greece with riots and chaos it seams folks are not only buy gold, they are also buying guns. This gives us a chance to profit.

August saw the SP500 fall 16%, this sell off has only allowed those that missed out a chance to buying into a very bullish stock. Sturn Ruger is in a strong mark up phase that is currently showing a bullish swing trade setup, would you buy this stock?

We would put this stock through the Gann angle and cycles tests … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down In Asian Trading Hours

Posted: 18 Sep 2011 04:55 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Sunday.

GBP/JPY was trading at 120.86, down 0.34% at time of writing.

The pair was likely to find support at 120.69, Thursday's low, and resistance at 122.44, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.54% to hit 1.5708 and EUR/GBP falling 0.37% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing Illusion: The McGurk Effect

Posted: 18 Sep 2011 04:14 PM PDT

Forex – NZD/USD Down During The Asian Session

Posted: 18 Sep 2011 03:50 PM PDT

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

NZD/USD was trading at 0.8256, down 0.42% at time of writing.

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

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.10% to hit 1.2486 and EUR/NZD falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The Asian Session

Posted: 18 Sep 2011 03:30 PM PDT

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

GBP/USD was trading at 1.5729, down 0.40% at time of writing.

The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5870, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8712 and GBP/JPY falling 0.24% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up In Asian Trade

Posted: 18 Sep 2011 03:00 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 76.93, up 0.17% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.30, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.87% to hit 1.3680 and GBP/USD falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Gaps Lower. 1.3733 Eyed Above

Posted: 18 Sep 2011 02:37 PM PDT

The EURUSD gapped lower on the opening and those looking to short will be eyeing the 1.3717-33 as topside resistance.  Stay below these levels and the bears remain in control. The 1.3717 is the 38.2% of the move down from the Friday afternoon high. The 1.3733 is the 50% and the 100 hour MA (see chart below).  Greece worries continue to dominate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 18 Sep 2011 02:25 PM PDT

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

EUR/USD was trading at 1.3682, down 0.85% at time of writing.

The pair was likely to find support at 1.3559, Tuesday's low, and resistance at 1.3937, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.49% to hit 0.8698 and EUR/JPY falling 0.63% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Blockheads At The Aggie Vet School

Posted: 18 Sep 2011 02:05 PM PDT

I enjoy Maureen Down's opinion column in the New York Times. Although, I seldom agree with her politics and positions on issues, few writers can use language so creatively. She can really turn a phrase. As with all of us, sometimes, however, the pursuit of a clever line may stretch the truth a bit too far.
That happened in her column today (Sunday, September 18, 2011), which was titled "Egghead and Blockheads." In it she took an indirect swipe at the Vet School at Texas A&M … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Sharply Lower In Holiday-thinned Trade

Posted: 18 Sep 2011 12:31 PM PDT

By ForexMansion.com
Forexpros – The euro was sharply lower against the U.S. dollar in holiday-thinned trade on Monday, after a weekend meeting of European finance ministers failed to make headway on dealing with the debt crisis in the region.
EUR/USD hit 1.3645 during late Asian trade, the pair's lowest since last Wednesday; the pair subsequently consolidated at 1.3672, tumbling 0.92%.
The pair was likely to find support at 1.3493, the low of September 12 and a seven-month low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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