Friday, October 21, 2011

DailyMarkets.com - EA Set To Launch NFL BLITZ

DailyMarkets.com - EA Set To Launch NFL BLITZ

EA Set To Launch NFL BLITZ

Posted: 21 Oct 2011 03:05 PM PDT

Video game developer and publisher Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, recently announced that it will release the new version of NFL Blitz in January 2012. The game will be available on Sony Corp.'s (NYSE:SNE) PlayStation for $14.99. Gamers can also download the game on Microsoft Corp's (NASDAQ:MSFT) Xbox LIVE Arcade for 1200 points.
NFL Blitz has an interesting history. The game was originally released by Midway Games way back in 1997. In 1998, the first console version was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Rent-A-Center

Posted: 21 Oct 2011 02:47 PM PDT

Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators in the U.S., is scheduled to report its third-quarter 2011 financial results on Monday, October 24, 2011. The current Zacks Consensus Estimate for the quarter is 58 cents a share. For the quarter under review, revenue is $698 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
Rent-A-Center's earnings of 68 cents a share missed the Zacks Consensus Estimate of 72 cents, and fell 5.6% from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ferrellgas Enhances Propane Assets

Posted: 21 Oct 2011 02:35 PM PDT

Ferrellgas Partners L.P. (NYSE:FGP) continued with its acquisition-driven expansion strategy. The partnership has now acquired Federal Petroleum Company, an independent propane retailer, operating in Weslasco and Brownsville, Texas. This is the second acquisition for the company this fiscal year, starting August 1, 2011.
This acquisition will give the partnership access to Brownsville, a gateway for the Mexican markets. It will also be able to cater to the strong residential demand in that area. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Extends Date For Biogen Drug

Posted: 21 Oct 2011 02:35 PM PDT

Biogen Idec (NASDAQ:BIIB) and partner Elan Corporation (NYSE:ELN) recently announced that the action date for their supplemental Biologics License Application (sBLA) for Tysabri has been extended by the US Food and Drug Administration (FDA).
The companies had submitted the sBLA in December 2010. Biogen and Elan are looking to update Tysabri's prescribing information so as to include anti-JC Virus antibody status as a factor that could help stratify the risk of progressive multifocal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 22 Oct 2011

Posted: 21 Oct 2011 02:30 PM PDT

The past week in monetary policy saw interest rate decisions announced by 7 central banks.  The only bank to announce a change to its main monetary policy  interest rate was the Banco Central do Brasil, which cut its interest rate by another 50 basis points to 11.50%.  Meanwhile the other central banks held their key interest rates unchanged: Botswana 9.50%, Norway 2.25%, Thailand 3.50%, Ghana 12.50%, Philippines 4.50%, and Turkey 5.75%.  A common theme mentioned by the … [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: 21 Oct 2011 02:10 PM PDT

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

EUR/USD was trading at 1.3896, up 0.84% 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 up against the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8712 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford May Reinstate Dividend

Posted: 21 Oct 2011 02:05 PM PDT

Ford Motor Co. (NYSE:F) is considering reinstating dividend payments for its shareholders as the company expects to benefit from labor efficiency improvements resulting from the newly ratified 4-year contract with United Auto Workers (UAW).
The automaker revealed that the UAW contract would increase its labor costs less by than 1% annually, the smallest increase in four decades. Its hourly labor costs, including wages and benefits, will rise to $59.00 from $58.00.
Meanwhile, entry-level wages … [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: 21 Oct 2011 02:05 PM PDT

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

GBP/USD was trading at 1.5951, up 1.01% at time of writing.

The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5974, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8712 and GBP/JPY rising 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: All About The Three E's

Posted: 21 Oct 2011 02:00 PM PDT

Earnings Preview 10/21/11

If you thought the past week was a busy one for earnings, you ain't seen nothing yet.  This coming week will be much busier. A total of 932 firms are scheduled to report, including 189 of the S&P 500. The table at the end of this report reads like a who's who of American Industry.

The firms reporting next week include: Aflac (NYSE:AFL), Altria (NYSE:MO), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP), Dow Chemical (NYSE:DOW), DuPont (NYSE:DD), Ford … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Jones Rallies +267 Points On Europe Optimism

Posted: 21 Oct 2011 02:00 PM PDT

10/21/11 NYFP’s Closing Bell Report: The Dow Jones rose 267 points to close out the week as investors were optimistic concerning the EU summit this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 21 Oct 2011 02:00 PM PDT

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

USD/JPY was trading at 76.29, down 0.66% 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 0.84% to hit 1.3896 and GBP/USD rising 1.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Painful Precursor

Posted: 21 Oct 2011 01:51 PM PDT

It’s been said (many times) that correlation is not causation. That said, if the last 30 years are any guide, the recent sharp deterioration in consumer sentiment is the precursor to a dramatic (and widely unexpected) increase in unemployment.

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

Questar Reaffirmed At Neutral

Posted: 21 Oct 2011 01:47 PM PDT

We maintain a long-term Neutral rating on Questar Corporation (NYSE:STR) based on its strong earnings and dividend growth potential, partially offset by unstable natural gas fundamentals, the domestic imbalance of supply/demand and political headwinds in certain regions.

Questar delivered mixed results in the first quarter of 2011, with earnings of 39 cents falling short of both the Zacks Consensus Estimate and prior-year quarter’s result. Total revenue ($470 million), however, comfortably moved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The “Bismarck Boom”: Lowest Jobless Rate In U.S.

Posted: 21 Oct 2011 01:45 PM PDT

At 3%, Bismarck Has the Lowest Jobless in the U.S., a Booming Labor Market and a Hot Real Estate Market

video platformvideo managementvideo solutionsvideo player

In the video above, ABC News features Bismarck, North Dakota, the city with the lowest jobless rate in the country at 3% in August. The energy-related jobs boom there is fueling a real estate boom – homes in Bismarck are selling in three weeks or less, at an average selling price of 99% of list price, and home prices have gone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOW’s $5 Billion Credit Agreement

Posted: 21 Oct 2011 01:30 PM PDT

The Dow Chemical Company (NYSE:DOW) entered into a $5 billion credit agreement. The revolving credit facility was arranged by Citigroup Inc. (NYSE:C) and will mature in 5 years. 
As per the agreement, debt-to-capitalization may not exceed a ratio of 0.65 times to one if the outstanding debt is $500 million or more. Other covenants and default provisions are similar to those in Dow's existing credit pact.
As of June 30, 2011, long-term debt of the company was $18.5 billion versus $20.6 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive Earns Twice As Expected

Posted: 21 Oct 2011 01:20 PM PDT

Interactive Brokers Group, Inc.'s (NASDAQ:IBKR) third quarter 2011 earnings per share of 50 cents doubled the Zacks Consensus Estimate. This also compares favorably with earnings of 26 cents in the year-ago quarter. 
Including the effect of changes in the U.S. dollar value of Interactive's non-U.S. subsidiaries, the company reported earnings of 36 cents compared with 52 cents in the year-ago quarter. This reflects the new GAAP convention that requires the posting of currency translation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 2.31%

Posted: 21 Oct 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 2.31%, the S&P 500 index gained 1.88%, while the Nasdaq 100 index climbed 1.29%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 2.83%; Germany's DAX gained 3.55%; Britain's FTSE 100 climbed 1.93%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate’s 3Q CAT Loss Soars $1.08B

Posted: 21 Oct 2011 01:05 PM PDT

Yesterday, home and auto insurer, Allstate Corp. (NYSE:ALL) projected about $215 million in pre-tax catastrophe (CAT) losses for September 2011. Summing up this with the July and August estimates, the company is expected to incur about $1.08 billion in CAT losses in the third quarter of 2011.
Allstate's CAT losses in the last month include about seven natural disasters, while about eight weather-related adversities were included in August, in the US. Particularly, Hurricane Irene is projected to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Slumps In U.S. Afternoon Trade; USD/JPY Sinks To All-time Low

Posted: 21 Oct 2011 12:49 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against its major counterparts in U.S. trade Friday, with USD/JPY setting a record low, as hopes for a settlement on European debt among euro-zone officials cooled interest in the safe-haven greenback.

In afternoon U.S. trade, the greenback was lower against the euro, with EUR/USD gaining 0.60% to hit 1.3863.

In early Friday trade, USD/JPY fell to an all-time low, hitting 75.82, and prompting speculation of another market intervention from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taubman Adjusted FFO Beats Estimates

Posted: 21 Oct 2011 12:45 PM PDT

Taubman Centers, Inc. (NYSE:TCO), a real estate investment trust (REIT), reported third quarter 2011 FFO (funds from operations) of $54.1 million or 63 cents per share, compared to $49.2 million or 59 cents in the year-earlier quarter.
Funds from operations – a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income, while adjusted FFO excludes impairment and restructuring charges.
The adjusted FFO for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kansas City Southern Outperforms

Posted: 21 Oct 2011 12:35 PM PDT

Kansas CitySouthern (NYSE:KSU), a leading freight rail transportation company, reported robust financial results for the third quarter of 2011. Quarterly net income was $99.8 million or 91 cents per share compared with $50.2 million or 48 cents per share in the year-ago quarter. However, quarterly adjusted EPS of 78 cents was well above the Zacks Consensus Estimate of 75 cents.
Quarterly total revenue was $544.5 million, up 24% year over year, surpassing the Zacks Consensus Estimate of $539 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliance Data Tops, Guides Future

Posted: 21 Oct 2011 12:35 PM PDT

Alliance Data Systems Corporation (NYSE:ADS) reported adjusted earnings of $2.16 per share for third quarter 2011, substantially ahead of the Zacks Consensus estimate of $1.78. Results increased 39% year over year and exceeded the company’s guidance of $1.85. Adjusted net income for the quarter was $126.6 million, improving 48% from $85.6 million reported in third quarter 2010.
Including stock compensation expenses of $12.3 million, amortization of purchased intangibles of $22.9 million, non-cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chubb Beats, Trims Outlook

Posted: 21 Oct 2011 12:35 PM PDT

Despite high cat losses from Hurricane Irene along with a slew of other storms, the property and casualty insurer, Chubb Corp. (NYSE:CB) managed to report better than the Zacks estimates.
The EPS of 88 cents for the third quarter was 6 cents ahead of the Zacks Consensus estimate of 82 cents, led by higher premium written, favorable reserve release and a lower share count. Earnings however were very low compared to $1.69 per share in the last year quarter, a period which was marked by benign cat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Shows Multi-Sensor System

Posted: 21 Oct 2011 12:30 PM PDT

Lockheed Martin Corporation (NYSE:LMT) announced that it was chosen by the U.S. Army’s Research Development and Engineering Command, Communications-Electronics Research, Development and Engineering Center ("RDECOM CERDEC") Night Vision and Electronic Sensors Directorate ("NVESD") for the demonstration of an advanced multi sensor system.
Under the cooperative research and development agreement with NVESD, Lockheed Martin will also continue to enhance capabilities of Multi-sensor Graphical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

XZERES Reports 34.5% Sequential Revenue Growth

Posted: 21 Oct 2011 12:25 PM PDT

XZERES (XPWR) reported results for the second fiscal quarter ending August 31, 2011. Quarterly revenues sequentially increased 34.5% to $1.367 million from $1.017 million, representing the fifth consecutive quarter of 30%+ sequential revenue growth. The company has aggressively expanded sales and marketing efforts, targeting end-users, dealers and distributors. The gross profit margin sequentially contracted 123 basis points to 23.5% due to the expansion of sales and marketing support with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Hold To Gains In Afternoon Trade; Dow Up 1.7%

Posted: 21 Oct 2011 12:22 PM PDT

Forexpros –
Forexpros – U.S. stocks padded morning session gains in Friday trade, following the lead of European issues as hopes for a concerted effort to address euro-zone debt surrounded a summit of the region's finance ministers.

In late afternoon U.S. trade, the Dow Jones Industrial Average was up 1.97% to 11,769.70, the Nasdaq Composite Index rose 1.21% to 2,629.98, and the S&P 500 advanced 1.6% to trade at 1,234.84.

Finance ministers from the euro-zone's 17 nations convened in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTE, EnXco In Wind Project Pact

Posted: 21 Oct 2011 12:20 PM PDT

Detroit Edison, a subsidiary of DTE Energy Company (NYSE:DTE), and enXco Service Corporation ("eSC") have entered into a multi-year agreement under which eSC will provide complete operations and maintenance (O&M) services for the Gratiot Wind Project.
As per the terms of the O&M agreement, eSC will provide complete O&M services for the turbines, project oversight, and 24/7 remote monitoring from its Operations Control Center.
enXco Service Corporation is an EDF Energies Nouvelles … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Quarter For Dover

Posted: 21 Oct 2011 12:10 PM PDT

Dover Corp. (NYSE:DOV) reported its third quarter earnings posting an EPS of $1.20, up from 96 cents in the year-earlier quarter, outperforming the Zacks Consensus Estimate of $1.12. Including the impact of a tax benefit of 1 cent in the reported quarter and 20 cents in the year-ago quarter, adjusted EPS increased 25% year over year to $1.21.
Total revenue was $2.203 billion versus $1.802 billion in the year-earlier quarter, falling short of the Zacks Consensus Estimate of $2.229 billion. Increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IDEX Corporation Beats

Posted: 21 Oct 2011 12:10 PM PDT

IDEX Corporation (NYSE:IEX) has posted adjusted earnings per share (excluding the effect of the inventory charge) of 71 cents in the third quarter of 2011 compared with 42 cents in the year-ago quarter. The results surpassed the Zacks Consensus Estimate of 62 cents.
IDEX Corporation designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse range of customers.
Sales improved 28% from the year-ago quarter to $477 million, including an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains In Afternoon U.S. Trade

Posted: 21 Oct 2011 11:50 AM PDT

Forexpros –
Forexpros – Crude oil futures moved higher in U.S. trade Friday, as investors held out hopes for solid progress on European debt and rising equities helped to fuel expectations of increased energy demand.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD87.67 a barrel in mid-day U.S. trade, climbing 1.85%, after hitting a daily low of USD85.96.

Finance ministers from the euro-zone's 17 nations convened in Brussels Friday to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Green Wind Energy Can Be Deadly For Bats

Posted: 21 Oct 2011 11:49 AM PDT

It must be hard to be an environmentalist some days.  You love green energy sources like wind power, but you also have strong feelings for bats, especially rare, endangered ones like the Indiana bat (pictured above).  And if just one of those cuddly creatures is found dead near a wind turbine, there’s only one solution: stop the windmills from operating at night until the middle of November when the bats will hibernate until spring.  

That’s exactly what just happened this week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Hits All-time Low In Early U.S. Trade

Posted: 21 Oct 2011 11:22 AM PDT

Forexpros –
Forexpros – The U.S. dollar fell sharply against the Japanese yen in U.S. trade Friday, sinking to an all-time post-war low, as market eyes turned to Europe and a meeting of finance officials for hopes of a quick resolution to the euro-zone's debt problems.

In early U.S. trade USD/JPY hit 75.82, the pair's lowest since August 19, the previous record low; the pair subsequently consolidated at 76.18, falling 0.81%.

The pair was likely to find support at 75.82, the all-time … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

I Stick By Market Timing

Posted: 21 Oct 2011 07:08 AM PDT

I don’t usually quote another blog verbatim but I thought this one was timely and relevant. After issuing an “all-cash” warning on August 11 after the market closed at 1172.63. Afterward, the market got stuck in a 3-month trading range fluctuating between a low of 1099.23 and Tuesday’s 1225.38. With positive vibrations from Europe and quarterly earnings reports here, some claim that the market has today successfully escaped the trading range. New doubt is now cast on the ability of investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, October 24, 2011

Posted: 21 Oct 2011 06:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Monday, October 24, 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
109.41
+ 0.05
109.39
109.35

Bullish

BND – Vanguard Total Bond Market ETF
83.10
− 0.16
83.21
83.12

Bearish

DBC – DB Commodity Index Tracking Fd
27.18
+ 0.52
27.17
27.17

Bullish

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

The Trend Trader For Stock Trading On Monday, October 24, 2011

Posted: 21 Oct 2011 06:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Monday, October 24, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.23
+ 2.81
9.98
10.04

Bullish

AXP – American Express Company
48.46
+ 4.91
46.68
47.21

Bullish

BA – Boeing Co
64.59
+ 3.36
63.40
63.52

Bullish

BAC – Bank of America Corporation
6.46
− 0.15
6.47
6.45

Neutral

CAT – Caterpillar Inc
87.39
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, October 24, 2011

Posted: 21 Oct 2011 06:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Monday, October 24, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1235.25
+ 2.09
1216.00
1219.08

Bullish

Dow Jones – Dec YMZ1
11757
+ 2.56
11541
11583

Bullish

Nasdaq – Dec NQZ1
2334.25
+ 1.45
2316.75
2324.75

Bullish

Russell – Dec TFZ1
710.90
+ 2.64
697.54
699.30

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
138-16
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, October 24, 2011

Posted: 21 Oct 2011 06:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Monday, October 24, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0372
+ 1.34
1.0268
1.0289

Bullish

EURUSD – Euro / US Dollar
1.3892
+ 0.81
1.3792
1.3819

Bullish

GBPUSD – British Pound / US Dollar
1.5950
+ 1.03
1.5807
1.5851

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0070
− 0.83
1.0150
1.0125

Bearish

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

Emerging Wonders…Abroad And In The U.S.

Posted: 20 Oct 2011 10:00 PM PDT

Last year, the Marina Bay Sands and SkyPark opened in Singapore. The new luxury casino and five-star hotel adds a very distinctive look to the Singapore skyline. Its boat-shaped "park in the sky" is one of the most unique designs I've seen in my East Asian travels and a reported 70,000 jaws drop in wonder each day as visitors view the structure for the first time. I encourage you to check out any one of the amateur videos on youtube.com of one spectacular feature—its infinity pool at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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