Friday, September 23, 2011

DailyMarkets.com - Ready To Swing The Other Way

DailyMarkets.com - Ready To Swing The Other Way


Ready To Swing The Other Way

Posted: 23 Sep 2011 04:49 PM PDT

Three weeks ago I noted in “Man the Lifeboats” that although I was bullish on gold (and other precious metals) in the long run, the trade had gotten very “crowded” and the metals were (over)due for a pullback. Since then, the sector has come a bit unglued, with the price of gold falling about 10 percent through this afternoon.
That said, while I have very different views about the bond market’s longer-term prospects, the way in which gold and U.S. Treasurys have tracked each other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Here Is A Reason For US Dollar Rally In 2012

Posted: 23 Sep 2011 04:04 PM PDT

If you need to have a fundamental reason for the US dollar rally to get very serious in 2012. Here you go.

Of course if the US Dollar rally does gets serious, then all those in countries pegged to the USD will NOT have the same reason to buy GOLD. If USD turns into ‘sound money’ then gold fundamentals weaken.

If the euro is crashing, and you are a European, what would you buy: Gold or USD? The answer will depend on our how serious the trend of Gold and USD appear. The more serious the USD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Freeport Labor To Continue Strike

Posted: 23 Sep 2011 03:57 PM PDT

Freeport-McMoRan Copper & Gold’s (NYSE:FCX) labor union stated that it may extend its current strike at the Grasberg copper mine beyond one month, since current talks with management were deadlocked.
As per the Union, it directly wants to discuss the matter with the company instead of continuing with the tripartite mediation involving the government.
The miners’ union, which declared a month long strike from September 15, 2011, had offered to lower its demands from $17.5 per hour to $12.5-$10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Are We There Yet?

Posted: 23 Sep 2011 03:36 PM PDT

Cusick’s Corner
The end of day bounce was a relief and while it was welcomed to see this action, the reality is the overall trend is down. So where could this market go? The SPX in the last 4 months has pulled back 225 points (taken from highs in July and lows in September) and since the market is in a confirmed bear trend, I subtract this 225 from the most recent high which was 1215 on 9/16, giving me a potential downside target of 991. If I look at the options market and use the expected move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Risk, Reward Balances Gannett

Posted: 23 Sep 2011 03:35 PM PDT

The current economic turmoil is taking its toll on publishing companies, and Gannett Company, Inc. (NYSE:GCI) is no exception. However, the companies are contemplating on finding new revenue generating avenues.
Advertising – An Inherent Risk
Advertising, which remains a significant source of revenue for the company, in turn depends upon the global financial health.
We observe that Gannett's publishing advertising revenue fell 6.5% during the second quarter of 2011, following a 7.3% drop in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PPG Increases Silica Production Capacity

Posted: 23 Sep 2011 03:35 PM PDT

In response to growing global demand, PPG Industries (NYSE:PPG) announced to increase its global precipitated silica production capacity by more than 18,000 tons per year. The capacity expansion includes projects at PPG’s Lake Charles, La., and Delfzijl, Netherlands, manufacturing locations.
The expansion will begin during the fourth quarter of 2011 and will be completed by the end of 2012. Employment at each site will increase slightly as a result of the expansion.
On July 21, 2011, PPG announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Exxon Enters Oil-Rich Utica

Posted: 23 Sep 2011 03:35 PM PDT

ExxonMobil Corporation (NYSE:XOM) is all set to exploit Ohio's Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of Utica Shale by acquiring leases in it.
Exxon declined to divulge details regarding the acreage acquired or the amount paid.  But people familiar with the matter said that the company might have signed the leases for $4,950 per acre along with 19% on production royalties.
The Utica is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Staples Teams Up For Home Office

Posted: 23 Sep 2011 03:02 PM PDT

Staples Inc. (NASDAQ:SPLS), a leading retailer of office products and services, has entered into a partnership with Martha Stewart Living Omnimedia Inc (NYSE:MSO) and the office and consumer products group of Avery Dennison Corporation (NYSE:AVY) to retail a new product line for the home office.
Considering the current macroeconomic environment and sluggish job market, it is considered to be a smarter move as the decline in business and consumer spending and weak credit markets have slowed the demand for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PPDI Hires New CEO

Posted: 23 Sep 2011 03:02 PM PDT

Pharmaceutical Product Development, Inc. (NASDAQ:PPDI) recently announced the appointment of Mr. Raymond Hill as its new Chief Executive Officer (CEO) and also a member of the Board of Directors effective from September 16. Raymond Hill was the president of IMS Consulting Group at IMS Health Inc. Prior to joining IMS Health, Mr. Hill served as a senior vice president for Acumen Sciences Limited.
PPD also recently announced expansion of its clinical microbiology laboratory globally to strengthen its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Harris’ Winning Spree Continues

Posted: 23 Sep 2011 03:02 PM PDT

A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a contract worth $9.6 million from the U.S. Department of Veterans Affairs (VA) to improve the financial and administrative legacy systems within the Veterans Health Administration
Harris will deliver and support the VA department for a period of 5 years, thus creating an opportunity for the company in healthcare business.  
VA provides delivery of patients to more than 150 hospitals and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Stocks To Watch Next Week

Posted: 23 Sep 2011 02:47 PM PDT

 ( click to enlarge )

I believe that Yahoo! Inc.(NASDAQ:YHOO) is poised to continue moving upwards. This week’s pullback has probably attracted a ton of traders looking for an opportunity to jump into a stock that took a dip. In addition, there are several short, mid and long term technical indications suggesting that YHOO could make a move to higher levels. On today's session the stock closed near the highs of the day which is very bullish for next week. Next major resistance level is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bought NUGT – $31.20

Posted: 23 Sep 2011 02:31 PM PDT

I took another shot at a short term trade today. This time I bought the Direxion Gold Miners Bull 2X (NUGT) a couple of times for an average price of $31.20.  I thought my purchases were close to the bottom but as the hours unfolded thereafter I learned that I missed the bottom by about $2.00. Yeah, that keeps me humble. I got it in my head that the US Dollar was going to turn lower and, well, it did, but not for long.

Above is the closing chart for today … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sovran Self Storage Acquires Assets

Posted: 23 Sep 2011 02:30 PM PDT

Sovran Self Storage Inc. (NYSE:SSS) recently announced the acquisition of 22 Texas self storage for $111.0 million. The acquired property spans approximately 1.3 million square feet of net rentable storage space and will be operational under the company's trade name of Uncle Bob's Self Storage. The acquisition was funded by proceeds generated from the company's line of credit and cash flow from operations.
In a separate transaction, the company also announced that it has acquired a storage … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Cellular Upped To Neutral

Posted: 23 Sep 2011 02:30 PM PDT

We are upgrading our recommendation on U.S. Cellular (NYSE:USM) to Neutral from Underperform based on stellar second quarter performance. Despite the economic slowdown, the company's earnings gave a stellar performance, thanks to smartphone sales.
The company remains optimistic on the growing demand for its smartphones. In second quarter 2011, smartphone sales represented approximately 41% of equipment sales and are expected to remain crucial in driving revenue ahead.
U.S. Cellular continues to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Humana Concentra Buys Care Centers

Posted: 23 Sep 2011 02:30 PM PDT

On Monday, Humana Inc.'s (NYSE:HUM) subsidiary, Concentra Inc., acquired four urgent care medical centers from NextCare Inc. However, the company did not reveal the financial terms of the deal.
All the medical centers acquired by Concentra are in Atlanta, with two in Kennesaw and two in Mableton. Of these, two centers were consolidated with the existing Concentra Urgent Care centers, while the other two were renamed as Concentra Urgent Care centers. With this deal, the number of Concentra’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


WFC Converts More Wachovia Stores

Posted: 23 Sep 2011 02:30 PM PDT

As part of its integration of Wachovia, Wells Fargo & Company (NYSE:WFC) has completed the conversion of more than 250 Wachovia Community Banking locations into Wells Fargo outlets across Mid-Atlantic and South Carolina.
In July, WFC completed the conversion of 300 Wachovia Community Banking locations into WFC outlets across the southern half of Florida. Moreover, in June, the company completed the conversion of Wachovia Community Banking operations in 363 Stores across north and central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 23 Sep 2011 02:10 PM PDT

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

EUR/USD was trading at 1.3498, up 0.26% at time of writing.

The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8738 and EUR/JPY rising 0.74% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GM EVs Find Platform In China

Posted: 23 Sep 2011 02:05 PM PDT

General Motors Co. (NYSE:GM) plans to develop electric cars in China through its joint venture, Pan Asia Technical Automotive Center, with Shanghai Automotive Industry Corporation ("SAIC") in order to take advantage of strong demand for EVs, and national and municipal subsidies in the country.
GM intends to transfer battery and other electric car technologies for the program as the Chinese government requires foreign automakers to transfer important parts of the technology to a joint venture … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Moody Ratings Pull Down Aflac

Posted: 23 Sep 2011 02:05 PM PDT

Yesterday, Aflac Inc. (NYSE:AFL) witnessed a rating downgrade on its senior debt from ratings agency– Moody's Investor Service of Moody's Corp. (NYSE:MCO) – based on continued investment risk from its investment portfolio in Europe.
Accordingly, Moody's demoted Aflac's senior debt to "A3" from "A2," which reflects a negative outlook. Previously, in May this year, the rating agency had affirmed its "A2" on the senior debt along with an insurance financial strength rating of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wal-Mart To Install Solar Projects

Posted: 23 Sep 2011 02:05 PM PDT

As committed to generate renewable energy in California, Wal-Mart Stores Inc. (NYSE:WMT) planned to install solar-power panels in more than 60 stores in California, which means that 75% of the stores will have solar power.
Further, the state's largest solar installer – SolarCity will own, install and maintain the new solar power systems for Wal-Mart. At present, SolarCity will install rooftop panels on about 65 California stores.
Through this solar program, Wal-Mart has cut down its energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up At The End Of U.S. Session

Posted: 23 Sep 2011 02:05 PM PDT

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

GBP/USD was trading at 1.5446, up 0.66% at time of writing.

The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5756, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8738 and GBP/JPY rising 1.16% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Jones Sees Slight Rise, HPQ Is Dow’s Biggest Laggard, & Nike Takes Off

Posted: 23 Sep 2011 02:00 PM PDT

09/23/11 NYFP’s Closing Bell Market Monitor: Th Big Board slightly rises to close out week on talks on ECB injecting liquidity to nations in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up At The End Of U.S. Session

Posted: 23 Sep 2011 02:00 PM PDT

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

USD/JPY was trading at 76.60, up 0.48% at time of writing.

The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.98, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.26% to hit 1.3498 and GBP/USD rising 0.66% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Symmetry Intros ElbowLOC System

Posted: 23 Sep 2011 01:35 PM PDT

Symmetry Medical (NYSE:SMA), an instrument supplier to orthopedic devices makers, has introduced a novel arm positioning system geared for improving arthroscopic and open surgical elbow surgeries. The Indiana-based company has launched the new product dubbed ElbowLOC through its fully-owned subsidiary Specialty Surgical Instrumentation ("SSI").
The ElbowLOC system is a positioning device that uses supine (lying face up) patient positioning for surgeries of the elbow. The new system is now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


P&G More Hygienic With Intralytix

Posted: 23 Sep 2011 01:35 PM PDT

The world's leading manufacturer of consumer packaged foods, Procter & Gamble Company (NYSE:PG) inked a multiple project collaboration agreement with Baltimore, Maryland based biotechnology company Intralytix Inc. to develop a bacteriophage based technology for a range of applications.
The targeted bacteria are infected by a virus called bacteriophage. Bacteriophage therapy is generally used in different regions of Eastern Europe as a substitute to antibiotics.
Intralytix Inc. specializes in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Duke Energy Focus On Carolinas

Posted: 23 Sep 2011 01:35 PM PDT

Duke Energy Corporation's (NYSE:DUK) regulated utility subsidiary Duke Energy Carolinas is asking for bids for electricity produced by wind energy and renewable energy certificates from wind generation from facilities located within North Carolina. Bids would be accepted no later than October 14, 2011.
The focus of Duke Energy towards wind based electricity and certificates come on the heel of its move towards compliance with the North Carolina Renewable Energy and Energy Efficiency Portfolio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Markets Close Higher; Dow Jones Up 0.35%

Posted: 23 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Friday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.35%, the S&P 500 index gained 0.61%, while the Nasdaq 100 index climbed 1.02%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.02%; Germany's DAX gained 0.63%; Britain's FTSE 100 climbed 0.24%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bristol-Myers Signs Deal

Posted: 23 Sep 2011 01:00 PM PDT

Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a deal with biopharmaceutical company Ambrx Inc. to bolster its diabetic and cardiovascular pipeline. The deal grants Bristol-Myers exclusive global rights pertaining to the research, development and commercialization of biologics based on Ambrx's Fibroblast Growth Factor 21 (FGF-21) protein program and Relaxin hormone. Both programs are in preclinical development.
FGF-21, a naturally occurring protein, is a potent metabolic regulator. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Moody’s May Upgrade GM Credit Rating

Posted: 23 Sep 2011 01:00 PM PDT

Moody's Investors Service, the credit rating agency of Moody’s Corporation (NYSE:MCO), may possibly upgrade the credit rating of General Motors Co. (NYSE:GM) based on its improved finances and expected ratification of a new four-year contract with the United Auto Workers ("UAW").
Currently, GM has a corporate family rating of Ba2 and a secured credit rating of Baa3 from Moody's. Both the ratings are several notches below investment grade. GM was dropped from the investment-grade ratings in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed In U.S. Afternoon Trade

Posted: 23 Sep 2011 12:45 PM PDT

Forexpros –
Forexpros – The U.S. dollar was mixed against its major counterparts in U.S. trade Friday, following an announcement by European finance officials that a coordinated effort was needed to contain the spread of debt contagion in the euro-zone.
In afternoon U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.05% to hit 1.3471.
Late Thursday, finance ministers and central bank governors from the Group of 20 major economies vowed a coordinated effort to resolve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Risk/Reward Poised At AmBev

Posted: 23 Sep 2011 12:35 PM PDT

We maintain our 'Neutral' recommendation on Companhia de Bebidas Das Americas (NYSE:ABV), also known as AmBev. AmBev is the leading brewer in Brazil, Canada, Argentina, Paraguay, Uruguay and Bolivia with a strong portfolio of globally recognized brands, such as Brahma, Skol, Antartica, Quilmes, Labatt, Pilsen and Paceña. This provides a competitive advantage to the company and reinforces its dominant position in the market.
Further, AmBev continues to witness strong demand from its key market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Which Deficit Caused The PIIGS Problem?

Posted: 23 Sep 2011 12:35 PM PDT

I have long maintained that the trade deficit is a more serious economic problem than the budget deficit, particularly in the short-to-intermediate term. It is the trade deficit (or to be more precise, the current account deficit, which is technically slightly different, but I will use the terms interchangeably here) that is directly responsible for America being in hock to the rest of the world.

The trade deficit directly lowers GDP. It is right there in the GDP equation as (eXports – … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CONSOL Guides For A Stronger Finish

Posted: 23 Sep 2011 12:35 PM PDT

Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) provided guidance for coal exports in the range of 10 to 10.5 million tons for 2011, up from the initial coal exports outlook of 10 million tons.
CONSOL Energy is quite confident that the export market will remain strong for the remainder of the year and hence retained its current-quarter production guidance of 14.4 to 14.8 million tons. CONSOL Energy has to draw more from its inventory level due to strong shipments in the quarter.
The strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lockheed Ups Dividend, Adds Buyback

Posted: 23 Sep 2011 12:35 PM PDT

Lockheed Martin Corporation (NYSE:LMT) has increased its quarterly dividend to $1.00 per share and has authorized purchase of up to an additional $2.5 billion of its common stock under the share repurchase program.
Lockheed has increased its quarterly dividend by 33% or 25 cents from its prior dividend of 75 cents. This will result in an annualized dividend of $4.00 per share. The increased quarterly dividend will be paid on December 30, 2011 to holders of record as of the close of business on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Rise In Afternoon Trade; Dow Inches 0.2% Higher

Posted: 23 Sep 2011 12:09 PM PDT

Forexpros –
Forexpros – U.S. stocks moved higher in Friday trade, with the benchmark Dow bouncing between negative and positive territory, after European officials announced they would be taking steps to prevent further debt contagion in the euro-zone.
In late afternoon U.S. trade, the Dow Jones Industrial Average rose 0.61% to 11,503.50, the Nasdaq Composite Index gained 0.37% to 2,616.82, and the S&P 500 advanced 0.36% to trade at 1,213.50.
In a statement issued from Washington where … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Massport Deploys ZOLL’s AED Plus

Posted: 23 Sep 2011 12:05 PM PDT

Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) reported that Massachusetts Port Authority ("Massport") has deployed its AED Plus devices across its three airports (Boston Logan International, Hanscom Field and Worcester Regional) as well as maritime facilities located in the Port of Boston. The Massachusetts-based company has won the contract to install 145 units of such devices.
AED Plus treats sudden cardiac arrest ("SCA"), an abrupt loss of cardiac function. SCA is one of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cintas Tops, Guides For 2012

Posted: 23 Sep 2011 12:05 PM PDT

Cintas Corporation (NASDAQ:CTAS) reported earnings of 52 cents per share for fiscal first quarter 2012 ending August 31. Results comfortably surpassed the Zacks Consensus Estimate of 47 cents and were 30% higher than 40 cents earned in the year-ago quarter.
Strong performance across all the business segments helped the company to deliver better-than-expected results.
Operational Update
Total revenue in the quarter under review increased 10.1% to $1.02 billion from $0.92 billion in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDJPY Breaks Higher Before The Weekend

Posted: 23 Sep 2011 11:54 AM PDT

The USDJPY has broken higher and trades at the high for the day. The price move to the upside started on the break of the 100 hour moving average, then trendline resistance and most recently the 200 hour MA at the 76.60 level. The next target in the progression is the 38.2% retracement at the 76.77 level.  Above that the 76.97 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Ryder System, Inc. (R)

Posted: 23 Sep 2011 11:30 AM PDT

We maintain our Outperform recommendation for Ryder System (NYSE:R) on strong second quarter results and a solid earnings projection. Despite the negative impacts of the Japan disruption and an uncertain economic outlook, earnings beat the Zacks Consensus Estimate on higher pricing, acquisitions, and increased sales in commercial rental and used vehicle sales.
Ryder’s continued investments in fleets and technology upgrades will fuel earnings growth despite high maintenance costs and the negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Plains To Expand Storage Capacity

Posted: 23 Sep 2011 11:30 AM PDT

Plains All American Pipeline LP (NYSE:PAA) decided to continue with the Phase IV expansion of its St. James, Louisiana terminal facility, which was originally commissioned in 2007. The expansion is expected to be completed in the third quarter of 2012.
The decision to expand the storage capacity is a part of the partnership's long-term strategy to increase its cash-flow contributions from fee-based activities. The partnership has been able to secure multi-year contracts and throughput … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ATK Wins UK Ammunition Contract

Posted: 23 Sep 2011 11:30 AM PDT

The Integrated Weapon Systems Division of Alliant Techsystems Inc. (NYSE:ATK) has received a contract worth $37 million from the United Kingdom’s Ministry of Defense ("MoD") for the supply of lightweight (LW) 30mm ammunition.
Lightweight 30mm ammunition has superior multi-role and multi-target defeat capabilities. It comprises the M788 TP (target practice) training round and the M789 High Explosive Dual Purpose ("HEDP") tactical round. Both these rounds will support UK’s fleet of AH-64 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


RGA Stays At Neutral

Posted: 23 Sep 2011 11:30 AM PDT

We are maintaining a long-term Neutral recommendation on Reinsurance Group of America Inc. (RGA).
Reinsurance Group has maintained its competitive position in North America by growing Facultative Reinsurance, Automatic Reinsurance and In Force Block Reinsurance, emphasizing its underwriting standards, prompt response on quotes, competitive pricing, capacity and flexibility in meeting customer needs.
The acquisition of ReliaStar's group life and health reinsurance business in 2009 has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Walgreen Unveils Flu Impact Report

Posted: 23 Sep 2011 11:30 AM PDT

Walgreen Co. (NYSE:WAG), the largest drugstore chain in the US, recently came up with findings from the first of a two-part Walgreens Flu Impact Report series. The study reveals the impact of flu and related illness on people's life.
According to the report, the last flu season led to loss of 100 million work days along with $7 billion in lost wages and 32 million missed school days. According to the Centers for Disease Control and Prevention (CDC), approximately 13% of the US population suffers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aimco Offers Mid-Quarter Update

Posted: 23 Sep 2011 11:30 AM PDT

Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, recently provided a mid-quarter update of its portfolio management activities as well as the rental rate trends exhibited by it. The company is expected to report its third quarter 2011 results in late October or early November.
Aimco is one of the largest owners and operators of multifamily apartments in the U.S., with a diversified portfolio of Conventional, Affordable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Raytheon Keeps Up Shareholder Value

Posted: 23 Sep 2011 11:30 AM PDT

Raytheon Company (NYSE:RTN) has kept its focus on shareholder value through regular dividend payouts and share repurchases. In line with this policy, the company authorized the repurchase of up to an additional $2.0 billion of its outstanding common stock.
The company declared a quarterly cash dividend of 43 cents per outstanding share of common stock. The cash dividend is payable on November 3, 2011 to shareholders of record as of the close of business on October 5, 2011.
Raytheon s strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Stocks At 8-Month Low

Posted: 23 Sep 2011 11:30 AM PDT

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell sharply to reach their lowest level since January, while gasoline stocks added to their supplies. The data further revealed that U.S. distillate stocks fell by a modest 874,000 barrels. Meanwhile, refiners improved processing rates by 1.3%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines information regarding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Close Higher; DAX Adds 0.6%

Posted: 23 Sep 2011 11:28 AM PDT

Forexpros –
Forexpros – European stocks advanced in Friday trade, getting a lift from a Group of 20 pledge to coordinate efforts in staving off further debt deterioration in the euro-zone.
At the end of Friday's European session, the STOXX 50 Index added 1.52% to 2,026.03, France's CAC 40 climbed 1.02% to, Britain's FTSE rose 0.24% to 5,053.71, and Germany's DAX advanced 0.63% to close at 5,196.56.
Late Thursday, finance ministers and central bank governors from the Group of 20 major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“Market Selloff…overdone? Let Markets Tell You.”

Posted: 23 Sep 2011 11:15 AM PDT

09/23/11 Pragma Securities’ Louis Sulsenti weighs in on Friday’s equity market action after Thursday’s global selloff. The technology sector and gold futures are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Yum! Cuts Off Two Brands

Posted: 23 Sep 2011 11:05 AM PDT

Yum! Brands Inc. (NYSE:YUM) has finally found the right candidate for the sale of its brands –– Long John Silver's and A&W. The company recently inked definitive agreements with two separate buyers led by key franchisee leaders for these divestures. The deal is expected to close in the fourth quarter of 2011 and have no material impact on its earnings or cash flow.           
Long John Silver's will be acquired by LJS Partners LLC, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FedEx Touches 2-year Low

Posted: 23 Sep 2011 11:05 AM PDT

The shares FedEx Corporation (NYSE:FDX) dropped to the lowest level since 2008 following the reduced profit outlook for fiscal 2012 (ending May 2012). The stock plunged 11% during whole day trading and closed at $66.58, down 8.17%.
Concurrent with its first quarter fiscal 2012 earnings release, the world’s second-largest package delivery company slashed its fiscal 2012 earnings projection from $6.35–$6.85 to $6.25–$6.75 per share on reduced demand in the U.S. and Asia, uncertain economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rebounds Against Dollar As Investors Focus On G20 Optimism

Posted: 23 Sep 2011 05:45 AM PDT

09/23/11 The euro currency rebounded this afternoon against the dollar, even after hitting an 8-month low against the greenback, as investors were focused on G20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Rises In Early U.S. Trade

Posted: 23 Sep 2011 10:45 AM PDT

Forexpros –
Forexpros – The U.S. dollar moved higher against the Japanese yen in U.S. trade Friday, aided by mild gains on Wall Street and vow by European finance officials to ward off debt contagion in the euro-zone.
In early U.S. trade USD/JPY hit 76.47, the pair's highest since Thursday; the pair subsequently consolidated at 76.45, rising 0.3%.
The pair was likely to find support at 76.12, Wednesday's low, and resistance at 77.96, the high of September 4.
Late Thursday, finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Eni To Divest Pipeline Stakes

Posted: 23 Sep 2011 10:35 AM PDT

Eni SpA (NYSE:E) has entered into an asset sale agreement with Belgian company Fluxys for its stakes in gas pipelines Transitgas and TENP. The transaction, which is expected to close by the end of the year, is subject to approval from the European Commission. The deal is consistent with the commitments Eni made to the European Commission in September last year. The divested properties include Eni's shares in Transitgas and TENP pipelines, which carry Russian gas into Italy via Switzerland and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Self Encryption Secures Micron SSD

Posted: 23 Sep 2011 10:35 AM PDT

Micron Technology Inc. (NYSE:MU) recently unveiled the newest version of RealSSD C400 with a Self-Encrypting Drive (SED). The latest iteration of the highly coveted solid state drive (SSD) is the memory chip manufacturer's means to woo desktop and laptop users.
Released in January this year, RealSSD C400 features the advanced 25 nanometer NAND flash technology and a SATA 6.0 Gbps interface. It will be available in both 1.8″ and 2.5″ form-factors in sizes ranging from 64GB to a more sizeable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Sinks In Early U.S. Trade; Silver Nosedives 12%

Posted: 23 Sep 2011 10:12 AM PDT

Forexpros –
Forexpros – Gold futures traded sharply lower in U.S. trade Friday, falling below USD1,700 an ounce as investors rushed to raise cash in light of aggressive weekly sell-offs in global equities.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,662.35 a troy ounce during early U.S. trade, slumping 4.5%, after hitting a high of USDS1,755.55.
Gold's decline continued from Thursday's session, a day after the U.S. Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Higher; Dax Up 0.63%

Posted: 23 Sep 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX rose 0.63%, London's FTSE 100 gained 0.24%, France's CAC 40 climbed 1.02% and the EURO STOXX 50 was up 1.52%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.18%; the S&P 500 index gained 0.22%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Slides As Global Economic Downturn Hurts Demand Outlook

Posted: 23 Sep 2011 05:00 AM PDT

09/23/11 Front month crude prices were trading below $80 a barrel as the week comes to an end, this as a decline in global equities has pushed down on future demand forecasts for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Buy Title Insurance At Large Discount

Posted: 23 Sep 2011 09:56 AM PDT

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


Crude Oil Slips In Early U.S. Trade

Posted: 23 Sep 2011 09:41 AM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in U.S. trade Friday, falling below USD80 a barrel as investors took to short-selling to cover losses following a week of sharp sell-offs in global equities.
On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD79.92 a barrel during mid-day U.S. trade, falling 0.78%, after hitting a daily high of USD81.73.
Crude oil contracts slumped by 6.3% in Thursday's session, to close at their lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Moves Back Lower And Looks Toward The 1.3459-71 Support Area

Posted: 23 Sep 2011 09:39 AM PDT

The EURUSD held the 38.2% retracement at the 1.3541 area and rotated back down. True to form the technical traders used the level to take profit and since then, the price has rotated lower and lower and lower.

The price is now back below the 100 bar MA on the 5 minute chart at the 1.3496 level and looks toward the next support level which is between the 1.3459-71 area.   I would expect that traders looking to ease into the weekend will look to buy against this level and call it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Global Equities Still Taking A Hit, Moody’s Downgrades Greek Banks, & Nike Announces Strong Sales

Posted: 23 Sep 2011 06:15 AM PDT

09/23/11 NYFP’s Morning Market Report: Global equities continued to slide as the week nears its end, Nike surprises with quarterly profits, and Greek banks get downgraded by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Monday, September 26, 2011

Posted: 23 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, September 26, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.23
− 0.51
110.55
110.44

Bearish

BND – Vanguard Total Bond Market ETF
84.05
− 0.33
84.20
84.14

Bearish

DBC – DB Commodity Index Tracking Fd
26.55
− 1.78
27.34
27.25

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Monday, September 26, 2011

Posted: 23 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, September 26, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1129.75
+ 0.56
1139.61
1150.33

Bearish

Dow Jones – Dec YMZ1
10697
+ 0.39
10812
10895

Bearish

Nasdaq – Dec NQZ1
2202.00
+ 1.26
2212.39
2226.33

Bearish

Russell – Dec TFZ1
648.80
+ 1.11
652.49
662.27

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
144-23
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Monday, September 26, 2011

Posted: 23 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Monday, September 26, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9784
+ 0.44
0.9911
0.9922

Bearish

EURUSD – Euro / US Dollar
1.3498
+ 0.27
1.3540
1.3559

Bearish

GBPUSD – British Pound / US Dollar
1.5442
+ 0.66
1.5464
1.5508

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0277
− 0.05
1.0180
1.0148

Bullish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Monday, September 26, 2011

Posted: 23 Sep 2011 05:05 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, September 26, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.07
− 0.40
10.43
10.59

Bearish

AXP – American Express Company
46.45
− 0.39
47.33
47.46

Bearish

BA – Boeing Co
59.51
+ 1.35
59.89
60.56

Bearish

BAC – Bank of America Corporation
6.31
+ 4.13
6.31
6.46

Bearish

CAT – Caterpillar Inc
73.86
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alan Minty’s Portfolio Plans At Enegi Oil

Posted: 23 Sep 2011 04:26 AM PDT

Alan Minty is no stranger to the setbacks that can befall a small cap exploration and production company. Since bringing Enegi Oil (LON:ENEG) to AIM amid ferocious market conditions in March 2008, work on the company's main projects in Atlantic Canada have frequently been a source of frustration rather than major success. The experience triggered a strategy change in summer 2010, with Enegi slightly reducing its exposure in Canada and exploring ways to expand its asset portfolio. What … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EUR/USD Up At The End Of U.S. Session

Posted: 23 Sep 2011 03:31 AM PDT

By ForexMansion.com
Forexpros – The Euro was higher against the U.S. Dollar on Friday.
EUR/USD was trading at 1.3498, up 0.26% at time of writing.
The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high.
Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8738 and EUR/JPY rising 0.74% to hit 103.40.
Forexpros

About ForexMansion.com:

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


GBP/USD Up At The End Of U.S. Session

Posted: 23 Sep 2011 03:31 AM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Friday.
GBP/USD was trading at 1.5446, up 0.66% at time of writing.
The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5756, Monday's high.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8738 and GBP/JPY rising 1.16% to hit 118.33.
Forexpros

About ForexMansion.com:

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


USD/JPY Up At The End Of U.S. Session

Posted: 23 Sep 2011 03:02 AM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.
USD/JPY was trading at 76.60, up 0.48% at time of writing.
The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.98, Monday's high.
Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.26% to hit 1.3498 and GBP/USD rising 0.66% to hit 1.5446.
Forexpros

About ForexMansion.com:

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


U.S. Markets Close Higher; Dow Jones Up 0.35%

Posted: 23 Sep 2011 02:32 AM PDT

By ForexMansion.com
Forexpros – U.S. stocks were up after the closing bell on Friday.
At the close of U.S. trade, the Dow Jones Industrial Average rose 0.35%, the S&P 500 index gained 0.61%, while the Nasdaq 100 index climbed 1.02%.
Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.02%; Germany's DAX gained 0.63%; Britain's FTSE 100 climbed 0.24%; and the EURO STOXX 50 rose 1.52%.
Forexpros

About ForexMansion.com:

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


Forex – Dollar Mixed In U.S. Afternoon Trade

Posted: 23 Sep 2011 02:03 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar was mixed against its major counterparts in U.S. trade Friday, following an announcement by European finance officials that a coordinated effort was needed to contain the spread of debt contagion in the euro-zone.
In afternoon U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.05% to hit 1.3471.
Late Thursday, finance ministers and central bank governors from the Group of 20 major economies vowed a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Rise In Afternoon Trade; Dow Inches 0.2% Higher

Posted: 23 Sep 2011 01:31 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – U.S. stocks moved higher in Friday trade, with the benchmark Dow bouncing between negative and positive territory, after European officials announced they would be taking steps to prevent further debt contagion in the euro-zone.
In late afternoon U.S. trade, the Dow Jones Industrial Average rose 0.61% to 11,503.50, the Nasdaq Composite Index gained 0.37% to 2,616.82, and the S&P 500 advanced 0.36% to trade at 1,213.50.
In a statement issued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Stocks Close Higher; DAX Adds 0.6%

Posted: 23 Sep 2011 12:32 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – European stocks advanced in Friday trade, getting a lift from a Group of 20 pledge to coordinate efforts in staving off further debt deterioration in the euro-zone.
At the end of Friday's European session, the STOXX 50 Index added 1.52% to 2,026.03, France's CAC 40 climbed 1.02% to, Britain's FTSE rose 0.24% to 5,053.71, and Germany's DAX advanced 0.63% to close at 5,196.56.
Late Thursday, finance ministers and central bank governors from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


USD/JPY Rises In Early U.S. Trade

Posted: 23 Sep 2011 12:03 AM PDT

By ForexMansion.com
Forexpros –
Forexpros – The U.S. dollar moved higher against the Japanese yen in U.S. trade Friday, aided by mild gains on Wall Street and vow by European finance officials to ward off debt contagion in the euro-zone.
In early U.S. trade USD/JPY hit 76.47, the pair's highest since Thursday; the pair subsequently consolidated at 76.45, rising 0.3%.
The pair was likely to find support at 76.12, Wednesday's low, and resistance at 77.96, the high of September 4.
Late … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Sinks In Early U.S. Trade; Silver Nosedives 12%

Posted: 22 Sep 2011 11:32 PM PDT

By ForexMansion.com
Forexpros –
Forexpros – Gold futures traded sharply lower in U.S. trade Friday, falling below USD1,700 an ounce as investors rushed to raise cash in light of aggressive weekly sell-offs in global equities.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,662.35 a troy ounce during early U.S. trade, slumping 4.5%, after hitting a high of USDS1,755.55.
Gold's decline continued from Thursday's session, a day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Higher; Dax Up 0.63%

Posted: 22 Sep 2011 11:32 PM PDT

By ForexMansion.com
Forexpros – European stocks were up after the closing bell on Friday.
At the close of European trade, Germany's DAX rose 0.63%, London's FTSE 100 gained 0.24%, France's CAC 40 climbed 1.02% and the EURO STOXX 50 was up 1.52%.
Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.18%; the S&P 500 index gained 0.22%, while the Nasdaq 100 index climbed 0.47%.
Forexpros

About ForexMansion.com:

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


Crude Oil Slips In Early U.S. Trade

Posted: 22 Sep 2011 11:03 PM PDT

By ForexMansion.com
Forexpros –
Forexpros – Crude oil futures moved lower in U.S. trade Friday, falling below USD80 a barrel as investors took to short-selling to cover losses following a week of sharp sell-offs in global equities.
On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD79.92 a barrel during mid-day U.S. trade, falling 0.78%, after hitting a daily high of USD81.73.
Crude oil contracts slumped by 6.3% in Thursday's session, to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Turkey Gets An Upgrade

Posted: 22 Sep 2011 10:00 PM PDT

The International Monetary Fund (IMF) offered a sober assessment of the global economy this week when it released the September 2011 update of its World Economic Outlook. The IMF stated the global economy is in a "dangerous new phase," citing two main downside risks: The possibility the crisis in the eurozone will be too much for the region's policymakers to handle, and soft economic activity in the U.S. is due to a weak housing market, deteriorating financial conditions and a political … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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