Friday, October 21, 2011

DailyMarkets.com - Amylin Posts Lower Loss

DailyMarkets.com - Amylin Posts Lower Loss

Amylin Posts Lower Loss

Posted: 21 Oct 2011 12:05 PM PDT

Amylin Pharmaceuticals (NASDAQ:AMLN) reported a net loss of 7 cents per share in the third quarter of 2011, well below the Zacks Consensus Estimate of a loss of 15 cents and the year-ago loss of 31 cents. Higher revenues and lower expenses led to the lower year-over-year loss.
Third quarter revenues, which included a $15 million milestone payment, increased 12.1% to $175 million. Revenues exceeded the Zacks Consensus Estimate of $166 million.
Quarterly Details
Quarterly revenues consisted of $155.1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunTrust Beats On Lower Provision

Posted: 21 Oct 2011 12:05 PM PDT

SunTrust Banks Inc.'s (NYSE:STI) third quarter earnings came in at 39 cents per share, 4 cents ahead of the Zacks Consensus Estimate. This represents SunTrust's fifth straight quarter of profit after incurring significant losses since mid-2008. This was also substantially better than earnings of 17 cents in the year-ago quarter.
Despite the weakness in the wider economy and pressures on the sector, results for the reported quarter benefited from a substantial decline in provision for credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Reports In Line

Posted: 21 Oct 2011 12:05 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) reported fourth quarter 2011 EPS of $1.51, versus $1.35 in the year-earlier quarter and matched the Zacks Consensus Estimate of $1.51. For full year 2011, the company reported an EPS of $5.73, up 14% year over year and also matched the Zacks Consensus Estimate of $5.73.
Net sales amounted to $2.6 billion, versus $2.4 billion in the prior-year quarter, in line with the Zacks Consensus Estimate of $2.6 billion. The improved results were mainly driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soliris Drives Alexion, View Upped

Posted: 21 Oct 2011 12:05 PM PDT

Alexion Pharmaceuticals' (NASDAQ:ALXN) third quarter 2011 earnings (excluding special items but including stock-based compensation) of $0.32  per share breezed past the Zacks Consensus Estimate by $0.09 and the year-ago adjusted earnings by $0.11. Earnings in the quarter benefited from an increase in revenues.
Alexion's revenues jumped 44.1% to approximately $204.1 million in the reported quarter driven by strong Soliris (eculizumab) sales. Soliris is Alexion's only marketed product. It … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Athenahealth Upbeat On Fed Stimulus

Posted: 21 Oct 2011 12:05 PM PDT

Leading vendor of cloud-based services for physician practices Athenahealth (NASDAQ:ATHN) reported third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings of 15 cents per share squeaking past the Zacks Consensus Estimate of 14 cents.
Net income (as reported) for the quarter increased to $5.3 million (or 15 cents per share) from $3.8 million (or 11 cents per share) a year ago, partly riding on higher revenues. The stock was virtually stagnant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cepheid Beats On Robust Top Line

Posted: 21 Oct 2011 11:50 AM PDT

Cepheid (NASDAQ:CPHD) reported EPS of 3 cents during the third quarter of fiscal 2011, scraping a penny past the Zacks Consensus Estimate and much better than the loss of 2 cents in the year-ago period.
Revenues during the quarter increased 25% to $70.2 million, beating the Zacks Consensus Estimate of $68 million. The upside was driven by a 33% growth at the Clinical segment attributable to strong sales of reagents and systems. Cepheid's higher bottom line owed much to revenue growth.
Among the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Healthways Teams Up With Ragnar

Posted: 21 Oct 2011 11:35 AM PDT

Well-being enhancement company Healthways (NASDAQ:HWAY) recently launched its second yearly venture with Ragnar Relay Series, the country's leading provider of overnight, running relay races. Ragnar Relay Tennessee will start on November 4, in Chattanooga, and finish after 200 miles on November 5, at Nashville. The official charity for the race is Community Health Charities of Tennessee.
The Ragnar Relay Series has grown, since 2004, from one relay in Utah to the biggest overnight relay series in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buy RUSS – $45.38

Posted: 21 Oct 2011 11:32 AM PDT

It appears to me that the daily cycle for the US Dollar has bottomed today on Day 26. I could be wrong, of course, but this late in a cycle that typically lasts 20 – 24 days I am guessing that if I am a little off it is likely to be by not too much.

With that thought I decided to test drive some Direxion Russia Bear 3X (RUSS) with a purchase at $45.38.

This 15 minute chart shows a True Strength Index (TSI) indicator break with BUY signal.

Above the TSI indicator is a custom indicator I … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rambus Beats, Guidance Firm

Posted: 21 Oct 2011 11:20 AM PDT

Rambus Inc. (NASDAQ:RMBS) posted third quarter 2011 earnings per share of 6 cents, strongly beating the Zacks Consensus Estimate of 0 cent. The adjusted earnings per share exclude other patent royalties received, acquisition costs and retention bonus, restatement and related legal charges and amortization expenses as well as tax adjustments, but include stock compensation expenses. Shares increased 0.68% in the after market trade.
Revenue
Rambus reported total revenue of $100.3 million in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cooper Industries Outperforms

Posted: 21 Oct 2011 11:10 AM PDT

Cooper Industries plc (NYSE:CBE) reported third-quarter 2011 earnings per share from continuing operations of 98 cents, above the Zacks Consensus Estimate of 96 cents and prior-yearearnings of 85 cents. The company achieved record earnings per share in the quarter withdouble digit growth for the past seven consecutive quarters.
Revenue
Total revenue in the quarter was $1.39 billion, representing a year-over-year increase of 12.0%. Revenue from sale of new products, developed in the last three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Compuware Reports Inline

Posted: 21 Oct 2011 11:05 AM PDT

Compuware Corporation (NASDAQ:CPWR) posted a net income of income of $22.7 million or $0.10 per share in the second quarter of fiscal 2012 compared to a net income of $16.9 million or $0.08 in the first quarter of fiscal 2012 and a net income of $25.9 million or $0.12 per share in the year-ago quarter.
The results were towards the high end of management's guidance range of $0.08 – $0.10 and the Zacks Consensus Estimate.
Michigan-based Compuware Corporation provides software products and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GATX Beats, Grows On Lease Rates

Posted: 21 Oct 2011 11:05 AM PDT

GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, has reported third quarter 2011 adjusted earnings of 70 cents per share, which was fairly ahead of the Zacks Consensus Estimate of 61 cents. Earnings for the third quarter shot up 44.4% from 45 cents in the year-ago quarter primarily on higher lease rates.
Revenue for the third quarter grew 8.1% year over year to $339.7 million and surpassed the Zacks Consensus Estimate of $329 million aided by lease rates and North American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harman Reports Stellar 1Q

Posted: 21 Oct 2011 10:55 AM PDT

A developer of audio products and electronic systems, Harman International Industries Inc. (NYSE:HAR) reported first quarter 2012 earnings of 69 cents per share, comprehensively beating the Zacks Consensus Estimate of 50 cents. Earnings per share (EPS) surged 97.0% year over year from 35 cents.
Operating Performance
Gross profit increased 29.4% year over year to $289.3 million. Gross margin increased 80 basis points (bps) to 27.5% in the quarter. The increase was driven by strong growth in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Office Depot

Posted: 21 Oct 2011 10:50 AM PDT

Office Depot Inc. (NYSE:ODP), the supplier of a range of office products and services across the globe, is scheduled to report its third-quarter 2011 financial results on Tuesday, October 25, 2011. The current Zacks Consensus Estimate for the quarter is 2 cents a share. The Zacks Consensus estimates revenue at $2,896 million for the quarter under discussion.
Second-Quarter 2011, a Synopsis
On July 26, 2011, Office Depot delivered better-than-expected second-quarter 2011 results. The quarterly loss … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Market Rally: “Not Very Positive…confusing”

Posted: 21 Oct 2011 10:44 AM PDT

10/21/11 OnPoint Executions’ Bobby Heller weighs in on today’s rally in US equity markets and expectations for the weekend EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: “Light Field Camera” Allows You To Focus Selectively AFTER You Take A Picture

Posted: 21 Oct 2011 10:43 AM PDT

Geeks at Large Blog — “Lytro is the world's first light field camera. Light field is the amount of light traveling in every direction through every point in space. Light field contains a lot more information than traditional light captured by regular cameras, especially pertaining to the placement of objects emitting that light and their distance from the camera. 

Traditional cameras capture light and color but light field cameras also captures vector direction of the rays of light. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energy Transfer-XTO Service Deal

Posted: 21 Oct 2011 10:35 AM PDT

Energy Transfer Partners, L.P. (NYSE:ETP) will render natural gas gathering, processing and transportation services to XTO Energy, a subsidiary of  ExxonMobil Corp. (NYSE:XOM), under the terms of a long-term, fee-based agreement.
Per the deal, Energy Transfer will build a 117-mile Red River Gathering Pipeline originating from the Woodford Shale, Oklahoma and extending to the existing gathering and processing infrastructure in the Barnett Shale. The pipeline, which has an initial natural gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Rally Higher; DAX Rises 3.5%

Posted: 21 Oct 2011 10:30 AM PDT

Forexpros –
Forexpros – European stocks posted strong gains in Friday trade, with financial issues leading the way, buoyed by hopes of a settlement between Europe's leaders for a comprehensive plan to tackle the region's debt threat.

At the end of Friday's European session, the STOXX 50 Index climbed 2.89% to 2,337.51, France's CAC 40 added 2.83% to 3,171.34, Britain's FTSE 100 rose 1.93% to 5,488.65, and Germany's DAX advanced 3.55% to close at 5,970.96.

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

SanDisk Rev Grows, Margin Falls

Posted: 21 Oct 2011 10:20 AM PDT

SanDisk Corp.'s (NASDAQ:SNDK) third quarter 2011 adjusted earnings of $1.15 per share surpassed the Zacks Consensus Estimate of $1.02. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense. Shares surged 2.29% in after market trade.
Revenue
Total revenue for the third quarter was $1.42 billion, up 14.8% on a year-over-year basis. The quarter's result was on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 3.55%

Posted: 21 Oct 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 3.55%, London's FTSE 100 gained 1.93%, France's CAC 40 climbed 2.83% and the EURO STOXX 50 was up 2.89%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.55%; the S&P 500 index gained 1.18%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: RadioShack

Posted: 21 Oct 2011 10:00 AM PDT

RadioShack Corp.(NYSE:RSH) is slated to release its third quarter 2011 results on October 25, after the closing bell. The current Zacks Consensus Estimate for the third quarter is pegged at 36 cents, representing an annualized negative growth of 1.86%.
With respect to earnings surprises over the trailing four quarters, only once RadioShack surpassed the Zacks Consensus Estimate with an average earnings surprise of negative 6.37%.
Second Quarter Highlights
Quarterly net revenue was $941.9 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Seagate Beats On Higher Revenue

Posted: 21 Oct 2011 09:55 AM PDT

Seagate Technology plc (STX) reported first quarter 2012 earnings per share of 34 cents, surpassing the Zacks Consensus Estimate of 31 cents. Seagate shares rose 11.19% during the after market trade.
Revenue
Seagate reported revenues of $2.81 billion in the first quarter of 2012, up 4.5% from $2.69 billion in the year-ago period. The company shipped 50.7 million units during the first quarter, compared with 52 million units in the year-ago quarter.
The company lost 3 percentage points of market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Blackstone Reports In The Red

Posted: 21 Oct 2011 09:55 AM PDT

The Blackstone Group (NYSE:BX) reported third quarter 2011 economic net loss of 31 cents per share, way below the Zacks Consensus Estimate of income of 5 cents and the prior-year quarter's economic net income (ENI) of 31 cents.
Blackstone's results were severely impacted by negative revenues due to sluggish equity markets. However, growth in assets under management (AUM) and lower operating expenses were the positives.
Blackstone reported economic net loss of $341.9 million for the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ericsson Beats Estimates

Posted: 21 Oct 2011 09:55 AM PDT

LM Ericsson Telephone Company (NASDAQ:ERIC) reported results for the third quarter of 2011, with a net income of SEK 3.8 billion ($575.8 billion) compared to net income of SEK 3.6 billion in the prior-year quarter.  
Ericsson reported earnings of 22 cents a share which was two cents above the Zacks Consensus Estimate. 
Revenues in the quarter were up 17% on a year-over-year basis to SEK 55.5 billion ($63.9 billion) and were up 1% sequentially. Comparable sales after adjusting for currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Altera Misses Expectations

Posted: 21 Oct 2011 09:50 AM PDT

Chipmaker Altera Corporation (NASDAQ:ALTR) reported sales of $522.5 million, down 5% sequentially and down 1% year over year.
The reported revenues were below management's guidance of $531.9 million – $553.9 million.
New products grew 43% sequentially. 40-nanometer revenue increased 33% Altera witnessed a 31% sequential increase in Networking, Computer & Storage vertical but declined in other verticals. Altera stated that customers remain cautious and the company experienced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Electric In Line

Posted: 21 Oct 2011 09:50 AM PDT

General Electric Company (NYSE:GE) released its third quarter 2011 earnings results, reporting earnings per share from continuing operations of 31 cents, in line with the Zacks Consensus Estimate. Earnings were up 11% compared to the prior year quarter.
This was the sixth consecutive quarter in which the company witnessed double-digit growth in earnings. Profits were primarily driven by strong infrastructure order growth and high order backlog across its segments.

Revenue

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

National Oilwell Down To Neutral

Posted: 21 Oct 2011 09:50 AM PDT

We have downgraded oilfield services firm National Oilwell Varco Inc. (NOV) to Neutral from Outperform ahead of its third-quarter results.
National Oilwell Varco is one of the biggest manufacturers of drilling equipment in the world with an impressive business model. The company's large installed base of rigs worldwide provides for a steady recurring revenue stream through demand for maintenance, parts and other expendable products.
Given its strong balance sheet, backlog of over $7.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Rebounds In Early U.S. Trade

Posted: 21 Oct 2011 09:47 AM PDT

Forexpros –
Forexpros – Gold futures traded sharply higher in U.S. trade Friday, rising the most in a week as the precious metal tracked gains in global equities and European leaders met to reach an agreement on boosting the region's rescue fund for debt threatened euro-zone nations.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,638.15 a troy ounce during early U.S. trade, advancing 1.57%, or USD30.75, after hitting a low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Higher & Dollar Falls To Post WWII Low Versus Yen

Posted: 21 Oct 2011 09:45 AM PDT

10/21/11 The euro is trading slightly higher this afternoon as investor focus has shifted to the EU summit this weekend. Meanwhile, technical moves have pushed the dollar to a post WWII low in trading against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

St. Jude Renal Denervation Debuts

Posted: 21 Oct 2011 09:35 AM PDT

Medical devices major St. Jude Medical (NYSE:STJ) has reached another milestone having registered the first use of its new renal denervation catheter and generator system. The technology has been developed for treating resistant hypertension, high blood pressure, which does not respond well to conventional medical therapy. The first procedure was performed at the Royal Adelaide Hospital in South Australia.
Roughly 75 million people are afflicted by hypertension in the U.S., of which, 5 million are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Constellation Brands Stays Neutral

Posted: 21 Oct 2011 09:20 AM PDT

We have maintained our long-term 'Neutral' recommendation on Constellation Brands Inc. (NYSE:STZ) with a target price of $21.00 per share. Moreover, the company has a Zacks #2 Rank, implying a short-term 'Buy' rating on the stock.
Constellation Brands is the largest wine company in the world, commanding a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Strengthens In Early U.S. Trade

Posted: 21 Oct 2011 09:08 AM PDT

Forexpros –

Forexpros – The euro moved higher against the U.S. dollar in early trade Friday, as European finance ministers debated how to add additional firepower to the rescue fund aimed at preventing the region's debt threats from spinning out of control.

EUR/USD hit 1.3900 in early U.S. trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3890 gaining 0.79%.

The pair was likely to find support at 1.3583, last Wednesday's low, and resistance at 1.3914, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Ecolab

Posted: 21 Oct 2011 09:05 AM PDT

Leading cleaning and sanitation products maker Ecolab Inc (NYSE:ECL) is slated to release its third-quarter fiscal 2011 results before the opening bell on Tuesday, October 25. The Minnesota-based company expects adjusted earnings between 73 cents and 75 cents a share for the September quarter.
The forecast for the third quarter assumes a dilution of roughly 5-6 cents a share, primarily associated with the company's restructuring activities but excludes the potential impact of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dynegy Re-extends Debt-Swap Offer

Posted: 21 Oct 2011 08:50 AM PDT

Electric utility Dynegy Inc. (NYSE:DYN) announced a second extension of its debt exchange offer by a week. Now the ongoing exchange offer for approximately $1.25 billion principal amount of outstanding notes, debentures and capital income securities of Dynegy Holdings, LLC, its direct, wholly-owned subsidiary, for Dynegy’s new Senior Secured Notes with a coupon rate of 10% due 2018 will expire on October 27, 2011 from the earlier date of October 20, 2011. Last week the company extended the offer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of European Session

Posted: 21 Oct 2011 08:40 AM PDT

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

USD/JPY was trading at 76.14, down 0.85% at time of writing.

The pair was likely to find support at 75.82, today's low, and resistance at 77.45, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.67% to hit 1.3872 and GBP/USD rising 0.96% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magellan Raises 3Q Distribution

Posted: 21 Oct 2011 08:30 AM PDT

Pipeline operator Magellan Midstream Partners, L.P. (MMP) raised its third quarter 2011 cash distribution by 1.9% sequentially and 7.4% year over year to 80 cents per unit ($3.20 per unit annualized).
The cash distribution is up 205% since its initial public offering (IPO) in the beginning of 2001. Magellan's new distribution is payable on November 14 to unitholders of record as on November 1, 2011.
Tulsa, Oklahoma-based Magellan Midstream is a master limited partnership ("MLP") that owns … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spectra-Progress Natural Gas Deal

Posted: 21 Oct 2011 08:30 AM PDT

Spectra Energy Corporation (NYSE:SE) has signed a multi-year agreement with Progress Energy Resources Corporation. As per the agreement, Spectra will offer a total of 370 million cubic feet per day (MMcf/d) of natural gas gathering and processing services. These services would facilitate the growth of Montney production in Progress’ core development area in northeast British Columbia. Financial details of the agreement were not disclosed.
Besides the renewal of the current contracts, it includes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings And EU Optimism Lift US Stocks

Posted: 21 Oct 2011 08:30 AM PDT

10/21/11 Wall Street soared on Friday, with the DJIA back in positive territory for 2011. Meanwhile, Groupon will launch its IPO on November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up Toward The End Of European Session

Posted: 21 Oct 2011 08:25 AM PDT

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

NZD/USD was trading at 0.8023, up 1.17% at time of writing.

The pair was likely to find support at 0.7862, Tuesday's low, and resistance at 0.8068, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.05% to hit 1.2893 and EUR/NZD falling 0.41% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The European Session

Posted: 21 Oct 2011 08:00 AM PDT

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

EUR/USD was trading at 1.3897, up 0.85% at time of writing.

The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8713 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: $1 Million Taxi Medallions

Posted: 21 Oct 2011 07:41 AM PDT

New York Times — “Two New York taxi medallions — aluminum plates that grant the right to operate a yellow cab — changed hands this week for $1 million apiece, the highest recorded sale since the city's modern livery system began (see chart). The sale was the culmination of decades of astonishing growth for the humble medallion, which is nailed to the hood of every yellow cab in the city. When New York issued its first batch of medallions in 1937, the going price was $10 even, or $157.50 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up In European Trading Hours

Posted: 21 Oct 2011 07:40 AM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 121.35, up 0.06% at time of writing.

The pair was likely to find support at 120.00, Tuesday's low, and resistance at 122.64, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.90% to hit 1.5934 and EUR/GBP falling 0.28% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Bid Higher Ahead Of Five-Day EU Summit

Posted: 21 Oct 2011 07:20 AM PDT

Fundamental Headlines
• Euro Leaders Begin 'Tough' Six-Day Marathon on Greece, Banks – Bloomberg
• EU Said to Weight Use of $1.3 Trillion as Franco-German Discord Mars Talks – Bloomberg
• Commerzbank CEO Calls for Greece to Declare Insolvency – Reuters
• Fed is Poised for More Easing – WSJ
• Struggling French Banks Fought to Avoid Oversight – WSJ
European Session Summary
Yesterday was shaping up to be an exceptionally disappointing day leading into a disappointing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Jumps On Dollar Weakness, EU Optimism Heading Toward Weekend Summit

Posted: 21 Oct 2011 02:15 AM PDT

10/21/11 Front month crude prices are rising to trade above $87 a barrel this morning as investors remain optimistic about the euro zone debt crisis ahead of the EU summit this weekend. Meanwhile, also contributing is a weaker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Focus Returns To Europe As The EU Summit Kicks Off This Weekend & Groupon Releases Its First Official Pricing

Posted: 21 Oct 2011 01:15 AM PDT

10/21/11 NYFP’s Morning Market Brief: Investor focus has shifted to this weekend and the EU summit. Meanwhile, Groupon announces its first official pricing and analysts lift expectations for Libyan oil output following Qaddafi’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamonds In The Dirt: Five Piotroski Value Stocks To Watch?

Posted: 21 Oct 2011 01:36 AM PDT

London-listed stocks have enjoyed mixed fortunes in 2011, with a bright start quickly unravelling over the summer as macro economic concerns damaged investor sentiment. With the FTSE 100 and FTSE AIM 100 both down substantially on where they were one year ago, investors seeking to find bargains face challenging questions. On the one hand, market declines are presenting apparently attractive opportunities to buy equities cheaply but on the other, in the light of the precarious economy, the task … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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