Tuesday, October 11, 2011

DailyMarkets.com - Forex – EUR/USD Edges Higher In Early Asian Trade

DailyMarkets.com - Forex – EUR/USD Edges Higher In Early Asian Trade

Forex – EUR/USD Edges Higher In Early Asian Trade

Posted: 11 Oct 2011 04:38 PM PDT

Forexpros –
Forexpros – The euro moved marginally higher against the U.S. dollar in Asian trade Wednesday, as Slovakian lawmakers delayed a vote on the bailout fund for debt-threatened euro-zone members.

EUR/USD hit 1.3652 in early Asian trade, the pair's lowest since Tuesday; the pair subsequently consolidated at 1.3647, inching up 0.05%.

The pair was likely to find support at 1.3381, Monday's low, and resistance at 1.3798, the high of September 21.

Slovakia's Parliament, on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 11 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3647, up 0.05% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8753 and EUR/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wal-Mart And Facebook Join Forces For Local Offers

Posted: 11 Oct 2011 03:58 PM PDT

10/11/11 The world’s largest retailer launched My Local Walmart on Facebook. Wal-Mart hopes to connect its fans on Facebook to local retail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Moves Higher On Back Of USD Demand

Posted: 11 Oct 2011 03:38 PM PDT

The USDCNH pair jumps off the former trendline resistance we have been advertising on the back of USD demand with everyone concerned that Europe's debt crisis will escalate. With a lack of liquidity as investors remain cautious in a volatile environment and importers buying dollars the USDCNH pair pushed toward the 200day moving average before trading lower.  With pressure from the US Congress for the Chinese to appreciate their currency it will be interesting to see where the pair goes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Holds 38.2%

Posted: 11 Oct 2011 03:38 PM PDT

The USDSGD daily chart we reviewed yesterday has for another day held the 38.2% retracement of the August to September move and is now being defended  by the trending 21 day moving average. It will be interesting to see if the pair re-enters its ascending trend as USD demand could grow on the back of flight to quality and funding short-squeeze … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 11 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7806, up 0.09% at time of writing.

The pair was likely to find support at 0.7625, Thursday's low, and resistance at 0.7858, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.01% to hit 1.2765 and EUR/NZD falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant To Design New UMSC Pack

Posted: 11 Oct 2011 03:25 PM PDT

Alliant Techsystems Inc. (NYSE:ATK) has been awarded a $50 million indefinite delivery indefinite quantity (IDIQ) contract from Marine Corps Systems Command. Under the five-year contract, the company will manufacture a new USMC Pack for the U. S. Marine Corps, which will replace the current fielded pack called the Improved Load Bearing Equipment (ILBE).
The new USMC Pack is a modular load bearing equipment system, designed to allow Marines to carry equipment needed in support of combat operations. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: SanDisk Corp

Posted: 11 Oct 2011 03:20 PM PDT

SanDisk Corp. (NASDAQ:SNDK) is scheduled to announce its third quarter fiscal 2011 results on October 20 after market close, and we do not see much variation in analyst estimates at this point.
Second Quarter Overview
SanDisk's second quarter 2011 adjusted earnings of $1.10 per share surpassed the Zacks Consensus Estimate of 97 cents. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, operating expense adjustments, convertible debt interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – PepsiCo, Fed Speeches, FOMC Meeting Minutes, Oracle’s Shareholders Meeting; UK Employment, BoJ Meeting Minutes

Posted: 11 Oct 2011 03:20 PM PDT

10/11/11 Fed speeches, central bank meeting minutes and earnings will be closely watched. Ongoing developments in the Euro-zone are sure to affect global market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Wednesday, Oct 12th

Posted: 11 Oct 2011 03:13 PM PDT

   ( click to enlarge )

Coffee Holding Co., Inc. (JVA) – Some good volume spikes as this stock starts to stair setup suggesting at least for now some accumulation is taking in place. The white line is the 50-day moving average and a move over it would be technically good.

   ( click to enlarge )

Currently CIEN is trading at around the $12 range and a strong break past this level could generate a significant upswing. The daily MACD-histogram, MACD lines, 13-day SMA and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Slovakia = Uncertainty

Posted: 11 Oct 2011 02:58 PM PDT

Cusick’s Corner
Today was a day of rest and that could be expected after the move that we experienced over the last five sessions. We finished the day relatively benign and technically there was a clear Doji (look at the day charts, the S&Ps look like a +), meaning I will be watching to see if this is a rest by the bulls or a momentum loser. With a falling dollar, Bonds, and rising equities and commodity markets, risk is garnering much more of an appetite, plus the dollar is backing off … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Continues To Trade Below Trend-line

Posted: 11 Oct 2011 02:57 PM PDT

usd/hkd showing a bearish signal that it might will trade lower seeing it continues to stay blow that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Snag For NYSE-Boerse Merger

Posted: 11 Oct 2011 02:55 PM PDT

Yesterday, Reuters reported that NYSE Euronext Inc.'s (NYSE:NYX) proposed merger with Frankfurt-based Deutsche Boerse has been enveloped by a new snag as the European Union Commission (EUC) has put forth a statement of objection on the deal.
The objection primarily includes EUC's decision to exclude the review of over-the-counter (OTC) derivatives, thereby raising concerns over the successful and timely completion of the merger.
The EUC that began its multi-phase intense review early this year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Universal Forest

Posted: 11 Oct 2011 02:50 PM PDT

Universal Forest Products Inc. (NASDAQ:UFPI) is slated to release its financial results for the third quarter of the fiscal year 2011 on Wednesday, October 12. The current Zacks Consensus Estimate for earnings per share (EPS) is 37 cents, representing a year-over-year growth of 182.69%.
With respect to earnings surprises over the trailing four quarters, Universal Forest outperformed the Zacks Consensus Estimate in one quarter while lagged behind in other three quarters. The average earnings surprise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UnitedHealth Issued Notes In February (revised)

Posted: 11 Oct 2011 02:35 PM PDT

In February of this year, UnitedHealth Group Inc. (NYSE:UNH), the biggest insurer in the U.S., sold $750 million of long-term notes in two tranches.

The first tranche consists of $400 million of 10-year notes, yielding a return of 115 basis points above the similar featured treasury securities. The other consists of $350 million with a 30-year maturity, which will yield a return of 130 basis points above the similar featured treasury securities.

The interest spread between the treasury … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hhgregg Slipped To Underperform

Posted: 11 Oct 2011 02:35 PM PDT

Following the first quarter 2012 earnings, we are downgrading our recommendation on Hhgregg, Inc. (NYSE:HGG) to Underperform from Neutral.
Hhgregg posted first-quarter 2012 net loss of 2 cents per share, which was below the Zacks Consensus Estimate of a break-even as well as the year-ago quarter earnings of 7 cents. The loss reflected a 13.2% drop in comparable store sales with an increase in SG&A expenses.
Moreover, Hhgregg's top line inched down 1.0% to $431.5 million during the quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEO Spotlight: Jonathan Elster, SED International Holdings

Posted: 11 Oct 2011 02:30 PM PDT

10/11/11 SED International’s Jonathan Elster discusses the company’s business model and its recent licensing deal with Emeril Lagasse’s cutlery. The short-term outlook for the SED is also weighed amidst the volatility in the global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

THE SEVEN BIGGEST ECONOMIC LIESThe President’s Jobs Bill…

Posted: 11 Oct 2011 02:22 PM PDT

THE SEVEN BIGGEST ECONOMIC LIES
The President's Jobs Bill doesn't have a chance in Congress — and the Occupiers on Wall Street and elsewhere can't become a national movement for a more equitable society – unless more Americans know the truth about the economy.  
Here's a short (2 minute 30 second) effort to rebut the seven biggest whoppers now being told by those who want to take America backwards. The major points:
1. Tax cuts for the rich trickle down to everyone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bad Weather Fells Berkley

Posted: 11 Oct 2011 02:20 PM PDT

After witnessing high cataclysmic conditions for the first two quarters of the year, property and casualty insurer W. R. Berkley Corporation (WRB) announced that it expects pre-tax catastrophe losses, as a result of hurricane Irene and a slew of other catastrophes, in the range of $50 to $60 million for the third quarter 2011.
During the second quarter, adverse weather dented Berkley's earnings by $63 million, which was also more than double of cat losses of $30 million incurred in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing North Dakota Sets More New Oil Records In August As Production Doubles In Only 26 Months

Posted: 11 Oct 2011 02:09 PM PDT

Oil production in N. Dakota set more monthly records in August:

1. A new record for monthly production: 13,768,395 barrels, a 34.6% increase from last August.  In just a little more than two years (since June 2009), oil production has doubled in North Dakota (see chart above).

2. A new record for average daily production: 444,142 barrels. 

3. A new record number of wells producing: 5,702.

4. A new record for oil-related jobs: 16,200 (see chart), which is more than double the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow And Aramco In Joint Venture

Posted: 11 Oct 2011 02:05 PM PDT

Dow Chemical Company (NYSE:DOW) and Saudi state oil giant Aramco have approved a plan to build a chemical plant in the eastern Saudi port city of Jubail.
The joint venture called Sadara Chemical Company will lead to one of the world's largest chemical facilities, producing more than 3 million metric tons of chemical products and plastics a year. Saudi Aramco and Dow announced their respective board authorizations for formation of the joint venture on July 25, 2011.
Construction on the project … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avis Completes Avis Europe Buy

Posted: 11 Oct 2011 02:05 PM PDT

Avis Budget Group Inc. (NYSE:CAR) successfully completed its pre-announced buyout of Avis Europe plc for 635 million pounds or $1.0 billion. After 25 years, the company has successfully united the two businesses again.
The acquisition has been financed through cash, equity issuance of up to $250 million of Avis Budget, and debt financing. With the acquisition, the company has now become the largest publicly traded rental-car business in the world having branded rental locations in about 175 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Drops 16 Points, Then Slovakia Rejects Vote To Expand EFSF

Posted: 11 Oct 2011 09:00 AM PDT

10/11/11 NYFP’s Closing Bell Report: The Big Board closed the session slightly lower as investors awaited the Slovakian vote regarding expansion of the EFSF. However, after the bell, Slovakia announced the vote did not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 11 Oct 2011 01:55 PM PDT

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

EUR/USD was trading at 1.3640, down 0.01% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.55% to hit 0.8756 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AstraZeneca To Trim Workforce

Posted: 11 Oct 2011 01:50 PM PDT

In a bid to streamline operations and increase efficiencies, AstraZeneca (NYSE:AZN) announced that it intends to lay off approximately 400 employees. The lay-offs will happen at the company's US business.
Effectively 330 jobs will be cut since the company stated that 70 of the 400 posts are already vacant. Furthermore, AstraZeneca intends to offer the employees the option to voluntarily leave the company.
The company, which has its global headquarters in London, UK, further stated that those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Darker Times

Posted: 11 Oct 2011 01:49 PM PDT

In my 2007 book, Financial Armageddon, I suggested that cash-strapped governments would have little choice but to cut back on essential services, putting citizens’ safety and well-being at risk. A report by Detroit’s WWJ-TV, “DTE Repossesses Highland Park's Street Lights,” details the kind of thing we can expect to occur more broadly in the months and years ahead:
HIGHLAND PARK – Street lights in cash-strapped Highland Park are the target of the repo man.
WWJ's Ron Dewey reports that not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Upgraded To Neutral

Posted: 11 Oct 2011 01:40 PM PDT

We are upgrading our recommendation on Bank of America Corporation (NYSE:BAC) to Neutral from Underperform as we believe that most of the negatives have already been factored into its current price. Also, the settlement of legacy mortgage claims is expected to remove much of the uncertainty associated with its potential mortgage repurchase liability.
BofA's second quarter results were marred by outflow related to the settlement of legacy Countrywide mortgage repurchase and servicing claims. A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 11 Oct 2011 01:40 PM PDT

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

USD/JPY was trading at 76.66, down 0.01% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 76.91, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.001% to hit 1.3642 and GBP/USD falling 0.58% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin’s September AUM Plummeted

Posted: 11 Oct 2011 01:30 PM PDT

On Monday, Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $659.9 billion by its subsidiaries for the end of September 2011. The results were down 7.9% from $716.4 billion as of August 31, 2011, but up 2.3% from $644.9 billion as of September 30, 2010.
Month-end total equity assets came in at $254.2 billion, down 11.4% sequentially and 7.1% year over year. Of the total equity assets, roughly 73% were from international sources, while the remaining 27% were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 11 Oct 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3656, up 0.10% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.49% to hit 0.8751 and EUR/JPY rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM To Sell Redesigned Colorado

Posted: 11 Oct 2011 01:15 PM PDT

General Motors Company (NYSE:GM) plans to redesign and sell its Chevrolet Colorado mid-size pick-up truck in the U.S. The company would also start selling the latest version of the pick-up truck in Thailand, the world’s largest market for mid-size trucks.
Currently, GM builds Colorado in its Shreveport, Louisiana plant. The plant will manufacture Colorado until mid-2012 and will close afterwards.
As of now, it is unclear where the new Colorado will be built and how much it would cost. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.15%

Posted: 11 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were mixed after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.15%, the S&P 500 index gained 0.05%, while the Nasdaq 100 index climbed 0.71%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 0.25%; Germany's DAX gained 0.30%; Britain's FTSE 100 declined 0.06%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wages, Profits & Occupy Wall Street

Posted: 11 Oct 2011 01:05 PM PDT

Something has fundamentally changed in the U.S. economy over the last decade. In the past, the well-being of corporations was generally tied to the well being of their workers. Gains from improvements in productivity were shared between higher returns to labor through higher wages, and higher returns to capital in the form of higher profits.

If a firm went from making 100 widgets a day to making 110 a day and used the same 10 workers to do so, over time, both sides would tend to see their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wal-Mart Stores Close In China

Posted: 11 Oct 2011 01:05 PM PDT

Retail giant Wal-Mart Stores Inc. (NYSE:WMT) has agreed to stop operations at 13 stores in southwest China, following the allegations of mislabeling ordinary pork as organic.
The municipal government of Chongqing in southwestern China has accused Wal-Mart of selling substandard food and thus fined the company with $420,000 and ordered to close 13 Wal-Mart stores for 15 days. In addition, many of its store managers were detained in Chongqing.
According to many analysts, large retailers in China … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 11 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.K. data on Industrial Production.

GBP/USD was trading at 1.5611, down 0.36% at time of writing.

The pair was likely to find support at 1.5272, Thursday's low, and resistance at 1.5689, Monday's high.

Earlier in the day, official data showed that Industral production in the U.K. rose unexpectedly to a seasonally adjusted 0.2% last month from -0.4% in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Teva A Step Closer To Cephalon

Posted: 11 Oct 2011 12:50 PM PDT

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) is a step closer to acquiring Cephalon, Inc. (NASDAQ:CEPH) with the US Federal Trade Commission (FTC) accepting the proposed consent order in connection with the acquisition. The FTC has also granted early termination of the Hart Scott Rodino waiting period.
Conditions Laid Down by the FTC
However, the FTC has laid down certain conditions related to the completion of the acquisition. Firstly, Teva will have to divest two abbreviated new drug applications … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NASDAQ To Launch New Data Feed

Posted: 11 Oct 2011 12:40 PM PDT

Yesterday, NASDAQ OMX Group Inc. (NASDAQ:NDAQ) announced the introduction of a new data feed product, UltraFeed, which will provide comprehensive data from all North American equity, index, futures and options data feeds. UltraFeed is scheduled to launch in the second quarter of 2012.
UltraFeed will not only offer the convenience and efficiency of providing a wide variety of data from all North American markets at one place, but will also save cost of acquiring data from all data feeds individually. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Remains Better Bid…

Posted: 11 Oct 2011 12:39 PM PDT

Despite the negative headline on Spanish banks, Slovakia delay of EFSF vote and government tension, the EURUSD remains better bid. The price has moved back higher after failing to move through support at the 1.3616/21 level, and tested the 1.3680 level, reaching a high of 1.3683. The price is back down at the 1.3667 level currently.  Activity remains light but with a more bullish tone.
Dow is down 15 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Teams With Shell

Posted: 11 Oct 2011 12:35 PM PDT

Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) recently entered into a Farm-Out Agreement with Shell Deepwater Tanzania BV – an affiliate of Royal Dutch Shell plc (RDS.A). Per the deal, Petrobras has granted 50% of its interest in offshore Blocks 5 and 6 in Tanzania to Shell. However, the financial terms of the deal were not disclosed.
Located offshore Tanzania, in the Indian Ocean, the depths of the wells range from 600 to 3,000 meters.
The Brazilian state-controlled company's local unit, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Progress At Alnylam (revised)

Posted: 11 Oct 2011 12:30 PM PDT

Recently, Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) announced the commencement of an early-stage stage study (n~32) of its RNAi (RNA [Ribo Nucleic Acid] interference) therapeutic program ALN-PCS for treating patients suffering from hypercholesterolemia.

Hypercholesterolemia indicates a situation where the cholesterol levels in the blood are higher than normal.

The randomized, single-blind, placebo-controlled, single-ascending dose study intends to evaluate the safety and tolerability of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours

Posted: 11 Oct 2011 12:30 PM PDT

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

USD/CHF was trading at 0.9064, up 0.29% at time of writing.

The pair was likely to find support at 0.9004, Monday's low, and resistance at 0.9316, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.3665 and USD/JPY falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tiffany Sparkles At Outperform

Posted: 11 Oct 2011 12:15 PM PDT

We recently upgraded our recommendation on Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, to Outperform with a price target of $73.00. Earlier, we had a Neutral view on the stock.
What Triggers the Move?
The jewelry market was hit hard by the recent global meltdown, which resulted in a shift in focus to cheaper private label brands, but as the recession eased demand for luxury items also improved. The company holds a significant position in the world … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 11 Oct 2011 12:10 PM PDT

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

USD/CAD was trading at 1.0292, up 0.31% at time of writing.

The pair was likely to find support at 1.0235, Friday's low, and resistance at 1.0482, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.21% to hit 1.3671 and GBP/USD falling 0.44% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novo Nordisk’s Victoza Now In China

Posted: 11 Oct 2011 12:00 PM PDT

Novo Nordisk (NYSE:NVO) recently announced that its lead drug Victoza has been launched in China for the treatment of type II diabetes. Victoza can be used as an add-on therapy to metformin or sulphonylurea (SU) in patients with insufficient glycaemic control despite maximal tolerated dose of monotherapy with metformin or SU. The drug, a once daily human glucagon-like peptide-1 (GLP-1) analogue, was approved by Chinese regulatory authorities in March 2011. Victoza is already available in more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alkermes Upped To Outperform

Posted: 11 Oct 2011 11:50 AM PDT

We recently upgraded Alkermes plc (NASDAQ:ALKS) to Outperform from Neutral following the completion of its purchase of Elan Corporation's (NYSE:ELN) drug delivery unit in September 2011. The product portfolio and the pipeline at Alkermes have been boosted significantly following the merger.
Following the merger, Alkermes has shifted its headquarters to Dublin, Ireland from Waltham, Massachusetts. Management expects that it will be able to enter the market in the European Union and gradually expand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: The Quest For 1200

Posted: 11 Oct 2011 11:48 AM PDT

Cusick’s Corner
The quest for 1200 – that’s the last high we saw in September on the S&Ps. This market has been amazing with a 12% run in 5 days and today the market has held up in spite of Trichet’s “systemic” comments overnight. This steep drop in volatility is confirming the low volume melt up. If this continues through critical resistance (I stated this in past Corners), scared under-invested monies specifically from equities managers, could be forced into this market for fear of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 11 Oct 2011 11:45 AM PDT

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

EUR/USD was trading at 1.3662, up 0.15% at time of writing.

The pair was likely to find support at 1.3242, Thursday's low, and resistance at 1.3698, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8763 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardinal Joins Practice Greenhealth

Posted: 11 Oct 2011 11:30 AM PDT

Leading distributor of pharmaceuticals and medical supplies Cardinal Health (NYSE:CAH) recently revealed that in order to strengthen its support for environmental sustainability, it is taking part in Practice Greenhealth.
Practice Greenhealth is the country's premier membership body for health care providers who are committed to environmental preservation. It provides a wide array of services to its enrollees, such as continued education, consultation, business solutions, training, networking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Gets Army Contract

Posted: 11 Oct 2011 11:15 AM PDT

Raytheon Company's (NYSE:RTN) wholly owned subsidiary BBN Technologies (BBN) has received a $9 million order to deliver additional Boomerang shooter detection system components to the U.S. Army. Per the contract BBN will deliver spare parts for Boomerang III systems, such as easily field-replaceable microphones.
BBN Technologies was set up in 1984 by Massachusetts Institute of Technology professors Richard Bolt and Leo Beranek with MIT graduate Robert Newman. The company was acquired by Raytheon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 11 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.

AUD/USD was trading at 0.9989, up 0.001% at time of writing.

The pair was likely to find support at 0.9622, Thursday's low, and resistance at 1.0015, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.18% to hit 1.3683 and AUD/JPY rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Sets Mid-2012 Goal For 4G LTE

Posted: 11 Oct 2011 11:00 AM PDT

Sprint Nextel Corp. (NYSE:S) plans to launch 4G Long-Term Evolution (LTE) networks in mid-2012, keeping pace with its rivals –– AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ).
Additionally, the third-largest U.S. wireless carrier would cover almost the entire U.S. population by year-end 2013, as revealed at its investor day meet. 
The 4G LTE evolution signals a shift from the company's current WiMax (a wireless broadband technology) network, offered in collaboration with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Teradata Corp.

Posted: 11 Oct 2011 10:56 AM PDT

Teradata Corp. (NYSE:TDC) has rebounded strongly from a recent pullback to move back within striking distance of its recent all-time high above $62. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock has plenty of momentum.
Company Description
Teradata Corp provides enterprise data warehousing solutions worldwide. The company was founded in 1979 and has a market cap of $9.4 billion.
The weak market of August and September weighed on many stocks, including TDC. But … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: NiSource Inc.

Posted: 11 Oct 2011 10:56 AM PDT

Investors looking for stability amid the recent market turbulence should consider NiSource Inc. (NYSE:NI).
This utility offers solid, stable growth prospects as it expands its operations in the Marcellus Shale region. It also pays a dividend that yields a hefty 4.3%.
The company recently reported better than expected results for the second quarter of 2011, prompting analysts to revise their estimates higher for 2011. It is a Zacks #2 Rank (Buy) stock.
Company Description
NiSource Inc. is an energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: W.R. Berkley Corp. (WRB)

Posted: 11 Oct 2011 10:56 AM PDT

We have downgraded our recommendation on W.R. Berkley Corp. (NYSE:WRB) to Underperform from Neutral, reflecting slightly lower investment yield assumptions and modestly higher loss ratio forecasts which would eat into underwriting margins.
Berkley has been hurt by soft pricing conditions and increasing competition. The trend of loss claims shows a divergence from declining losses over the past several years. An increase in claim costs will offset the premium rate improvement seen lately, thus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Tiffany & Company (TIF)

Posted: 11 Oct 2011 10:56 AM PDT

Tiffany & Company (NYSE:TIF) is well positioned to deliver robust sales and earnings growth by leveraging capital investments made in the past several years. The company holds a significant position in the world jewelry market and is poised to benefit from its enhanced geographic reach. With signs of improved demand for luxury items worldwide, Tiffany plans to accelerate its store expansion program.
Moreover, with a healthy balance sheet, Tiffany remains committed to achieve long-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: BioReference Laboratories Inc.

Posted: 11 Oct 2011 10:56 AM PDT

BioReference Laboratories, Inc. (NASDAQ:BRLI) analysts are expecting double-digit growth rates for the next few years. Thanks to the weight of the market though, the valuations are looking attractive.
Currently shares are a Zacks #1 Rank (Strong Buy) and look like they are picking up steam.
Company Description
BioReference Laboratories is a full-service laboratory in the U.S. offering clinical testing. Some areas of focus are molecular diagnostics, anatomical pathology, and women’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell Parts For Bombardier Jets

Posted: 11 Oct 2011 10:55 AM PDT

Rockwell Collins Inc. (NYSE:COL) announced that its Pro Line Fusion avionics system and Primary Flight Control Computer (PFCC) have been selected by Bombardier for use in its Global 7000 and Global 8000 business jets.
Rockwell's Pro Line Fusion avionics system would enable synthetic vision on the head-up display, reduce pilot workload and enhance safety and passenger comfort by minimizing unexpected turbulence encounters.
The Rockwell Collins PFCC is a core component of the fly-by-wire system … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bon-Ton’s September Comps Slip

Posted: 11 Oct 2011 10:55 AM PDT

Same-store sales at Bon-Ton Stores Inc. (NASDAQ:BONT) slipped 3.6% in the four-week period ended October 1, 2011. This compared unfavorably with a 5.9% growth in the year-ago period. On a year-to-date basis, same-store sales fell 2.1% in September 2011.
Total sales declined 4.1% to $286.9 million during the four-week period ended October 1, 2011 from $299.2 million in the same period ended October 2, 2010. Further, on a year-to-date basis, total sales dropped 2.7% to $1,709.4 million, compared with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toll Buys Distressed Loans

Posted: 11 Oct 2011 10:55 AM PDT

Toll Brothers Inc. (NYSE:TOL) recently announced that one of its fully owned subsidiaries, Gibraltar Capital and Asset Management, LLC has closed three private transactions with large financial institutions.
The transactions involved the purchase of 38 non-performing real estate loans with a combined outstanding balance of approximately $71.4 million with an average loan balance of $1.9 million. The assets encompassing six states include residential acquisition, development, and construction loans … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Ceo For Harris

Posted: 11 Oct 2011 10:55 AM PDT

A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently appointed William M. Brown as the president and chief executive officer (CEO) effective November 1, 2011.
William M. Brown, aged 48, will succeed Howard L.Lance, the former CEO and president of Harris. Howard L.Lance, aged 55, joined Harris in 2003 and despite resigning from his position as the company's CEO will remain as the non-executive chairman of the company till the end of 2011 and will also act … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinetic Releases Prelim Results

Posted: 11 Oct 2011 10:55 AM PDT

Recently, Kinetic Concepts, Inc. (KCI) announced its preliminary un-audited financial results for the third quarter of fiscal 2011. Kinetic expects to reported revenues in the range of $529–$533 million, up 4%–5% year over year. Foreign exchange movement favorably impacted revenues by approximately 2%.
Net income is projected in the range of $89–$93 million, an increase of 17%–23% from the year-ago quarter. Excluding certain acquisition-related costs associated with the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HeartWare Impresses With Data

Posted: 11 Oct 2011 10:55 AM PDT

Leading heart pump maker HeartWare International (HTWR) recently presented encouraging additional clinical data for the next-generation HeartWare Ventricular Assist System at the European Association for Cardio-Thoracic Surgery ("EACTS") annual meet in Lisbon, Portugal.
The Massachusetts-based company reported updated results from the pivotal ADVANCE bridge to transplant ("BTT") trial at the EACTS meet. ADVANCE is an Investigational Device Exemption ("IDE") study intended to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Fastenal Co.

Posted: 11 Oct 2011 10:55 AM PDT

Fastenal Co. (NASDAQ:FAST) announced that it would release its results for the third quarter of 2011 before the market opens on October 13, 2011.
Winona, Minnesota-based Fastenal realized a profit of 32 cents in the second quarter, improving from 23 cents a year ago and just beating the Zacks Consensus Estimate of 31 cents. In the upcoming quarter, the Zacks Consensus Estimate for Fastenal is pegged at a profit of 33 cents per share, reflecting an annualized growth of 28.98%. There is no upside or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME Takes Up More Service Initiatives

Posted: 11 Oct 2011 10:55 AM PDT

Yesterday, CME Group Inc. (NASDAQ:CME) announced its plan of launching CME Co-Location Services in the US on January 29, 2012, in an attempt to enhance the efficiency of its Globex platform.
Accordingly, CME Co-Location Services will operate from the company's data center located in the suburbs of Chicago. This service is expected to help in well-organized trading for its buyers and sellers athwart on the Globex platform
Besides, the new co-location services are aimed at offering hosting, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CTS Returns To Form With Recovery From Japan Tsunami

Posted: 11 Oct 2011 10:55 AM PDT

by  Ken Nagy, CFA
CTS designs, manufactures, assembles, and sells a broad line of electronic components and sensors. The firm also provides electronics manufacturing services primarily to original equipment manufacturers (OEMs), for the automotive, computer, communications, medical, industrial, and defense and aerospace markets. The firm was established in 1896 as a provider of high-quality telephone products and was incorporated as an Indiana corporation in February 1929. Along the way … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CTS Returns To Form With Recovery From Japan Tsunami

Posted: 11 Oct 2011 10:55 AM PDT

by  Ken Nagy, CFA
CTS designs, manufactures, assembles, and sells a broad line of electronic components and sensors. The firm also provides electronics manufacturing services primarily to original equipment manufacturers (OEMs), for the automotive, computer, communications, medical, industrial, and defense and aerospace markets. The firm was established in 1896 as a provider of high-quality telephone products and was incorporated as an Indiana corporation in February 1929. Along the way … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grubb & Ellis Sheds Assets

Posted: 11 Oct 2011 10:55 AM PDT

Grubb & Ellis Company (GBE) recently completed the divestment of its investment fund business, Alesco Global Advisors, to Lazard Asset Management LLC. However, the financial terms of the deal were not disclosed.
Grubb & Ellis had acquired a 51% stake in Alesco Global Advisors in 2007. Alesco Global Advisors is a registered investment advisor that focuses on real estate securities and manages three registered mutual funds.
During the second quarter of 2011, the company reported FFO (fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UnitedHealth Issues Notes

Posted: 11 Oct 2011 10:55 AM PDT

Earlier this week, UnitedHealth Group Inc. (NYSE:UNH), the biggest insurer in the U.S., sold $750 million of long-term notes in two tranches.
The first tranche consists of $400 million of 10-year notes, yielding a return of 115 basis points above the similar featured treasury securities. The other consists of $350 million with a 30-year maturity, which will yield a return of 130 basis points above the similar featured treasury securities.
The interest spread between the treasury securities and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan Clears St. Jude’s Penta Lead

Posted: 11 Oct 2011 10:55 AM PDT

Medical devices major St. Jude Medical (NYSE:STJ) has won the Japanese regulatory clearance for its new Penta surgical lead for neurostimulation therapy to treat chronic pain, a vastly under-treated condition afflicting millions globally. The product is now available in the island nation.
Chronic pain, which is long lasting or recurring, is common in several back and spine conditions and is often misdiagnosed. Poor prognosis of chronic back/spinal pain typically leads to treatment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cyberonics Ventures Into Sleep Apnea

Posted: 11 Oct 2011 10:55 AM PDT

Leading neuromodulation company Cyberonics (NASDAQ:CYBX) recently made an initial investment of $4 million in the obstructive sleep apnea ("OSA") treatment. The company has invested the amount in San Diego-based early-stage medical devices firm, ImThera Medical, which develops innovative implantable neurostimulation devices to treat OSA.
The company stated that the investment can increase up to $12 million subject to the fulfillment of certain regulatory and clinical criterions. Besides, for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge’s Pipeline Initiatives

Posted: 11 Oct 2011 10:55 AM PDT

Enbridge Energy Partners, L.P. (NYSE:EEP) and Enbridge Inc. (NYSE:ENB) have struck a deal to facilitate crude oil producers in two projects. These projects in western Canada and the U.S., both pending regulatory approvals, are slated to come on stream in late 2012.
The deal calls for a $100 million capacity expansion of Line 5 to transport 50,000 more barrels of crude oil per day. Line 5 runs across the Upper Peninsula, along the lake bottom at the Straits of Mackinac, across the northern Lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Rig Count Goes Past 2000

Posted: 11 Oct 2011 10:55 AM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country) to its highest level since September 19, 2008. This can be primarily attributed to an increase in the tally of land rigs.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Nabors Industries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DDR To Redevelop 4 Malls

Posted: 11 Oct 2011 10:55 AM PDT

DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), has recently announced its plans to redevelop four shopping centers as part of its long-term strategy to follow a significant redevelopment program to fuel its growth engine. These include the expansion of its existing stores in Ohio and Puerto Rico and the addition of two new stores for Wal-Mart Stores Inc. (NYSE:WMT) in Florida.
DDR is expected to invest approximately $20 million for the redevelopment of these assets. The projects will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BNY Mellon Lowered To Underperform

Posted: 11 Oct 2011 10:55 AM PDT

We have downgraded our recommendation on The Bank of New York Mellon Corporation (NYSE:BK) to "Underperform" as the low interest rate environment and various lawsuits filed against the company will likely dent its profitability and lead to higher expenses over the medium term.
With the low interest rate environment not expected to reverse any time soon, BNY Mellon will likely face substantial margin pressure in the near term. Moreover, the company's interest-bearing deposit costs are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Tree To Buy Back Shares

Posted: 11 Oct 2011 10:55 AM PDT

Chesapeake, Virginia based discount variety store Dollar Tree Inc. (NASDAQ:DLTR) in an effort to boost shareholder worth and retain their long-term confidence in the company recently made an announcement to repurchase its common shares. As per the announcement, the company will repurchase $1.5 billion of its common shares.
Dollar Tree is committed to creating value for its shareholders by returning capital in the form of dividends and share repurchase programs. To improve shareholders’ wealth, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chembio DPP Syphilis Test Gets CE Mark

Posted: 11 Oct 2011 10:55 AM PDT

Brian Marckx, CFA
Chembio Diagnostics (CEMI) announced this morning that they received CE Marking for sale of its point-of-care DPP Syphilis Screen and Confirm test in Europe.  While we had expected the test to receive CE Mark by the current year-end, this news is a major positive for Chembio and also validates their capabilities and progress in getting their various DPP tests to market.  

Chembio’s DPP Syphilis test is a combination non-treponemal (screen) and treponemal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navigant Takes Over Paragon Health

Posted: 11 Oct 2011 10:55 AM PDT

Navigant Consulting Inc. (NYSE:NCI) recently announced its acquisition of Paragon Health, a move that takes its healthcare consulting practice a step ahead. Paragon Health is a leading national physician practice management and consulting firm specializing in Cardiovascular care. Financial terms of the deal was undisclosed. In October last year, Navigant acquired another healthcare consulting group EthosPartners.  
Opportunities associated with healthcare reform continue to drive demand for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwestern In Gas-Gathering Pact

Posted: 11 Oct 2011 10:55 AM PDT

Southwestern Energy Company (NYSE:SWN) and Boardwalk Pipeline Partners, LP (NYSE:BWP) have entered into an agreement through their subsidiaries − Southwestern Energy Production Company and Boardwalk Field Services, LLC − to facilitate the development of Southwestern's gas wells in the Marcellus shale.
The parties plan for a gas-gathering system in Susquehanna and Lackawanna Counties, Pennsylvania, through a 15-year definitive gas gathering agreement. The system is expected to have a delivery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Cuts Grane Production

Posted: 11 Oct 2011 10:55 AM PDT

Statoil ASA (NYSE:STO) has reduced production at its Grane platform in the North Sea for the first time, following disruptions in the injection compressor.
Production was interrupted immediately after a planned maintenance and modification break. A setback in the injection compressor, which is vital for maintaining full production, was responsible for low production. Low levels of output are likely to continue for about three to six weeks.
The Grane field, situated on Norwegian Block 25/11 in 417 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Nigeria Hikes Rate 275bps To 12.00%

Posted: 11 Oct 2011 10:54 AM PDT

The Central Bank of Nigeria hiked its monetary policy interest rate by 275 basis points to 12.00% from 9.25%, after convening an emergency meeting as a result of heightened global uncertainty and a desire to preserve the value of its currency, the Naira.  The Bank also voted to raise the cash reserve ratio to 8% from 4% previously.  

Bank Governor, Lamido Sanusi, said: “The global economic horizon remains highly uncertain, with the signs getting more ominous as policy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 11 Oct 2011 10:45 AM PDT

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

USD/JPY was trading at 76.70, up 0.03% at time of writing.

The pair was likely to find support at 76.56, Thursday's low, and resistance at 76.91, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.13% to hit 1.3660 and GBP/USD falling 0.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Perception Of Slovakia’s Vote…will Affect Trading”

Posted: 11 Oct 2011 10:27 AM PDT

10/11/11 ICAP’s Kenneth Polcari weighs in on today’s mixed trading session as markets await Slovakia’s EFSF vote. Expectations for Alcoa’s earnings are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Mixed At Close; Dax Up 0.30%

Posted: 11 Oct 2011 10:05 AM PDT

Forexpros – European stocks were mixed after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 0.30%, London's FTSE 100 shed 0.06%, France's CAC 40 declined 0.25% and the EURO STOXX 50 was down 0.21%.

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 shed 0.05%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds But Remains Flat As Focus Remains On Slovakia’s EFSF Expansion Vote

Posted: 11 Oct 2011 05:00 AM PDT

10/11/11 Despite a rough start, the euro rebounded this afternoon as investors positioned themselves for a vote in Slovakia regarding the expansion of the European Financial Stability … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: UK100

Posted: 11 Oct 2011 06:32 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The strong rally in the UK100 index CFD came to an end near 5405.00. This level was slightly below the previous day's high near 5417.00. These two tops helped form the resistance line of a triangle chart pattern on the 30-minute chart while creating an Autochartist emerging pattern. Although a second top has formed, the subsequent sell-off was weak, indicating there may still be some buying power left in the move.

The overall quality of the chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 11 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE 100 rally stalled on Tuesday probably because of short-term overbought conditions. The fact that the market didn't sell off sharply following a failed rally at 5399.00 indicates there still may be some buyers left in the index. The trading action near the upper end of its two-month range suggests that the market may be poised for an upside breakout. This assessment fits in nicely with the support base being formed between 4791.00 and 5449.70. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, October 12, 2011

Posted: 11 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, October 12, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.30
+ 2.08
10.03
9.47

Bullish

AXP – American Express Company
45.76
+ 0.68
44.85
43.40

Bullish

BA – Boeing Co
63.97
− 0.09
63.21
60.56

Bullish

BAC – Bank of America Corporation
6.37
+ 1.43
6.20
5.79

Bullish

CAT – Caterpillar Inc
80.66
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, October 12, 2011

Posted: 11 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, October 12, 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
109.27
+ 0.24
109.12
109.60

Neutral

BND – Vanguard Total Bond Market ETF
82.92
− 0.05
82.99
83.37

Bearish

DBC – DB Commodity Index Tracking Fd
27.14
+ 0.74
26.75
26.03

Bullish

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

The Trend Trader For Forex Trading On Wednesday, October 12, 2011

Posted: 11 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, October 12, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9951
− 0.40
0.9887
0.9677

Bullish

EURUSD – Euro / US Dollar
1.3637
− 0.03
1.3541
1.3349

Bullish

GBPUSD – British Pound / US Dollar
1.5574
− 0.59
1.5592
1.5492

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0298
+ 0.32
1.0316
1.0427

Bearish

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

The Trend Trader For Futures Trading On Wednesday, October 12, 2011

Posted: 11 Oct 2011 05:04 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, October 12, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1189.50
− 0.13
1176.28
1129.83

Bullish

Dow Jones – Dec YMZ1
11330
− 0.36
11242
10854

Bullish

Nasdaq – Dec NQZ1
2288.50
+ 0.52
2249.28
2153.25

Bullish

Russell – Dec TFZ1
686.00
+ 0.41
673.58
642.67

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-28
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: US Treasury Bonds

Posted: 11 Oct 2011 03:32 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Treasury Bond futures are holding steady near record highs, rising in Tuesday's session as the stock market stalled out a bit following Monday's surge. The reversal in the bonds formed a swing low to confirm the lower end of the Channel Down chart pattern shown here on the 240-minute time frame.

This support near the 139.00 price level may provide a temporary bottom for the market to move away from. Strength in Wednesday's session would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold During Times Of Market Turmoil

Posted: 10 Oct 2011 10:00 PM PDT

How does gold perform during times of turmoil?
Jason Toussaint from the World Gold Council (WGC) provided some interesting perspective during our recent Case for Investing in Gold webcast that sheds some light on this question. The WGC looked back at six incidences of market turmoil over the past few decades:

Black Monday (1987)
Long-Term Capital Management (LTCM) Crisis (1998)
Dot-com Bubble (2000)
9/11 Terrorist Attacks (2001)
Slowdown (2002)
Great Recession (2008)

The WGC calculated two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

1 comment:

  1. UnknownJuly 16, 2012 at 8:05 AM

    Nice post. Your information is really good. Thank you for sharing...................

    Eurusd live chart

    ReplyDelete