Monday, October 24, 2011

DailyMarkets.com - Forex Trading: Usd/hkd Still Under A Daily Trend-line.

DailyMarkets.com - Forex Trading: Usd/hkd Still Under A Daily Trend-line.

Forex Trading: Usd/hkd Still Under A Daily Trend-line.

Posted: 24 Oct 2011 05:34 PM PDT

usd/hkd still under a daily trend-line but still not showing any real direction in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reshoring: Manufacturing Is Coming Back To U.S.

Posted: 24 Oct 2011 04:51 PM PDT

Three examples:

1. “Globalization has come full circle at Otis Elevator. The U.S. manufacturer, whose elevators zip up and down structures as diverse as the Empire State Building and the Eiffel Tower, is moving production from Nogales, Mexico, to a new plant in South Carolina. More startling: Otis says the move will save it money.”

2. “After having their products manufactured in China the past seven years, The Outdoor GreatRoom Company is bringing production back home to Minnesota.”

3. “Not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thieves Still Expanding Their Horizons

Posted: 24 Oct 2011 04:48 PM PDT

In “Thieves Expand Their Horizons,” I noted that America’s “recovery” (wink-wink) had “spawned an illicit interest in a range of items that have not been traditionally targeted by criminal elements,” including utility poles, air conditioners, hot air balloons, ammonia tanks, and outdoor furniture. Since then, the list of goods and services (and animals) that have been wrongfully acquired (and likely sold for quick cash at a fraction of their true value) has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Breaks Below Wedge

Posted: 24 Oct 2011 04:34 PM PDT

The Chinese Renminbi appreciated against the USD as Chinese PMI data overnight indicated a pick up in manufacturing further aided by a pick up in Japanese exports. The data indicates that the slowdown in the Europe has not dramatically affected Asian production. The pair is now trading clearly below the wedge with further negative short-term technical sentiment as the 4-21hr mavg has crossed below the 4-200hr … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 24 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3923, down 0.05% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3956, today'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 0.8704 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Android Market Tops 500k Apps

Posted: 24 Oct 2011 03:58 PM PDT

10/24/11 The Android market continues to expand, with the number of submitted apps swelling past the 500k mark. Apple’s app store retains more apps once they are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Why We Shouldn’t Be Selling The Right To Live In America

Posted: 24 Oct 2011 03:56 PM PDT

America is having a fire sale. Why not sell wealthy foreigners the right to live here, too?
That's the notion behind a bill introduced last week by Republican Senator Mike Lee of Utah and Democrat Senator Charles Schumer of New York: Stoke demand for American homes by allowing foreign nationals to buy them. In return, give foreigners the right to live here (although not work here).
The price? At least $500,000 cash. It could be one piece of real estate costing $500,000 or more, or several, of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 24 Oct 2011 03:55 PM PDT

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

GBP/USD was trading at 1.5995, down 0.02% at time of writing.

The pair was likely to find support at 1.5682, Thursday's low, and resistance at 1.6007, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8705 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD In Channel Approaching Support

Posted: 24 Oct 2011 03:35 PM PDT

The risk bid in the market is continuing from late last week as European leaders met and China's PMI reading moved back above the expansionary level. On the channel we have been reviewing, we see the top side has held and the pair is now approaching support, a breach of the ~1.2570 level could put further pressure on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest Raises 3Q Distribution

Posted: 24 Oct 2011 03:20 PM PDT

Pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) raised its third quarter 2011 cash distribution by 4.3% sequentially and 14.1% year over year to 73 cents per unit ($2.92 per unit annualized).
Cash distribution is up 192% since its initial public offering (IPO) in 2002. MarkWest's new distribution is payable on November 14 to unitholders of record as on November 7, 2011.
Denver, Colorado-based MarkWest Energy is engaged in the gathering, processing and transmission of natural gas, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – 3M, Amazon.com, BP, Deutsche Bank, Dupont, UBS, UPS; US Data – S&P Case-Shiller HPI, FHFA Housing Price Index, Conference Board’s Consumer Confidence, Richmond Manufacturing Index; German GfK Consumer Confidence

Posted: 24 Oct 2011 03:20 PM PDT

10/25/11 US consumer and housing data will be released, alongside a slew of earnings reports. Headlines from the Euro-zone will continue to be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Picks For Tuesday, Oct 25th

Posted: 24 Oct 2011 03:03 PM PDT

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Intel Corporation (NASDAQ:INTC) – Breaking out to new highs. Looks good for higher prices.

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Camelot Information Systems Inc (CIS) – Volume starts to pick up. Could make a huge move to the upside. Keep it on your watch list.  A break of $3.50 with force might give CIS room to $4.43.

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Zions Bancorporation (NASDAQ:ZION) nice runner from the buy list on Saturday. The stock seems to have broken the "neckline" of an Inverted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Ratings Upgraded

Posted: 24 Oct 2011 03:00 PM PDT

Standard and Poor's (S&P) raised its corporate credit rating on Ford Motor Co. (NYSE:F), followed by Fitch Ratings due to the optimism triggered by the automaker's recently ratified 4-year labor contract with United Auto Workers (UAW) union.
S&P raised its corporate credit rating on Ford by two notches to 'BB+' from 'BB-,' and removed it from CreditWatch, which indicates a possible downgrade. It also placed a "Stable" outlook on the company's rating.
This followed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down On Economic Data

Posted: 24 Oct 2011 03:00 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on CPI.

NZD/USD was trading at 0.8046, down 0.35% at time of writing.

The pair was likely to find support at 0.7874, Thursday's low, and resistance at 0.8109, today's high.

Earlier in the day, official data showed that consumer price inflation in New Zealand rose less-than-expected to a seasonally adjusted 0.4% in the last quarter, from 1.0% in the preceding quarter.

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

New Zealand’s Consumer Price Inflation Rises Less-than-expected

Posted: 24 Oct 2011 02:55 PM PDT

Forexpros – Consumer price inflation in New Zealand rose less-than-expected in the last quarter, official data showed on Monday.

In a report, Statistics New Zealand said that CPI rose to a seasonally adjusted 0.4%, from 1.0% in the preceding quarter .

Analysts had expected CPI to rise 0.7% in the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Celgene Upped To Outperform

Posted: 24 Oct 2011 02:50 PM PDT

We recently upgraded Celgene Corporation (NASDAQ:CELG) to Outperform from Neutral following its strong second quarter 2011 results and the decision of the European Committee for Medicinal Products for Human Use (CHMP) that the benefits associated with cancer drug Revlimid outweigh the risks in patients suffering from multiple myeloma (MM).
Celgene performed impressively in the second quarter of 2011 and beat the Zacks Consensus Estimate both in terms of revenues and earnings. Earnings were driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bakken Boom Spreads To Montana, South Dakota

Posted: 24 Oct 2011 02:45 PM PDT

1. “The North Dakota oil boom is spreading into Montana, bringing development opportunities for businesses stretching across both states, said Tom Rolfstad, executive director of economic development in Williston, N.D.”

2.  “South Dakota auctioned off some 67,000 acresof public land in Harding and Butte counties earlier this month — one of the largest oil based public land sales in the state’s recent history. One hundred and eighty six of the 189 lots were scooped up by Bedrock Oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Sideline Bids Waiting For That Dip

Posted: 24 Oct 2011 02:36 PM PDT

Cusick’s Corner
There is a lot of sideline money that has been embracing the trend, but just not willing to bite after such big moves. These sideline bids are waiting for that “Dip” but are now starting to stress as we are right at critical levels, most notably 1250 on the S&Ps which technically is the 63% retracement from the Oct lows. If we get some volume at these levels, the sideline bulls may be squeezed into this market. See you Midday.
Stock market averages opened higher and held the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Norfolk Southern

Posted: 24 Oct 2011 02:30 PM PDT

Norfolk Southern Corp. (NYSE:NSC), one of the leading rail transportation companies, is slated to release its third quarter 2011 results on Tuesday, October 26, after the closing bell. The current Zacks Consensus Estimate for third quarter earnings per share is pegged at $1.42, representing an annualized growth of 18.98%.
Second Quarter Flashback
Norfolk's second quarter financial results surpassed the Zacks Consensus Estimate and remained above the year-ago level on strong fuel price recovery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: F5 Networks

Posted: 24 Oct 2011 02:15 PM PDT

F5 Networks Inc. (NASDAQ:FFIV) is scheduled to announce its fourth quarter fiscal 2011 results on October 25, 2011, and we notice no material movement in analyst estimates.
Third Quarter Overview
F5 Networks delivered decent third quarter results, beating the Zacks Consensus Estimate on the bottom line. The quarter's earnings came in at 77 cents, up 54.0% from the year-ago quarter. The outperformance was attributable to solid revenues aided by growing demand for the company's products, as well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Seals Billion Dollar Deal

Posted: 24 Oct 2011 02:15 PM PDT

General Dynamics Land Systems, a subsidiary of General Dynamics Corporation (NYSE:GD), received a sizeable contract worth $1.052 billion or C$1.064 billion from the Government of Canada to upgrade LAV III combat vehicles of the Canadian Army’s fleet.
Under the comprehensive upgrade package, the company will modernize 550 vehicles that will significantly enhance their survivability, mobility and firepower and extend the fleet’s lifecycle to 2035.
Survivability up gradation includes the introduction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Jumps 104 Points On M&A News And Eurozone Debt Crisis Optimism

Posted: 24 Oct 2011 09:00 AM PDT

10/24/11 NYFP’s Closing Bell Market: The Big Board jumped 104 points to start the week led by M&A news, strong earnings from CAT, & optimism concerning the eurozone debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TCF Financial Lags Ests By A Penny

Posted: 24 Oct 2011 01:55 PM PDT

Last week, TCF Financial Corporation (NYSE:TCB) reported third-quarter 2011 earnings of 20 cents per share, lagging the Zacks Consensus Estimate by a penny. Moreover, this compares unfavorably with 26 cents in the prior-year quarter while favorably with the earnings of 19 cents in the prior quarter.
On a year-over-year basis, decreased non-interest income and reduced net interest margin were the negatives. These negatives were partly offset by deposits growth and decreased non-interest … [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: 24 Oct 2011 01:55 PM PDT

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

EUR/USD was trading at 1.3925, up 0.21% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3956, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8708 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roper Posts Strong 3Q

Posted: 24 Oct 2011 01:50 PM PDT

Roper Industries Inc. (NYSE:ROP) posted stellar third quarter 2011 results. The company reported earnings of $1.12 per share, up 28.7% year over year and surpassed the Zacks Consensus Estimate of $1.08 per share.
Earnings per share (EPS) were in line with the high end of management's guided range of $1.05 to $1.09. The strong results were primarily driven by solid revenue growth and margin expansion in the quarter.
Operating Performance
Gross profit rose 18.9% year over year to $382.6 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

V.F. Corp Beats, Ups Guidance

Posted: 24 Oct 2011 01:50 PM PDT

V.F. Corporation (NYSE:VFC) reported third-quarter 2011 adjusted earnings of $2.87 per share, striding ahead of the Zacks Consensus Estimate of $2.55. The result also surpassed earnings of $2.22 per share in the prior-year quarter.
Including costs of 18 cents related to the acquisition of The Timberland Company, earnings per share for the quarter came in at $2.69.
Operational Performance
V.F. Corp.’s revenue of $2,750.1 million in the third quarter exceeded the Zacks Consensus Estimate of $2,620.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Invesco Beats EPS, Misses On Revs

Posted: 24 Oct 2011 01:50 PM PDT

Invesco Ltd.'s (NYSE:IVZ) third-quarter adjusted earnings came in at 42 cents per share, just a cent ahead of the Zacks Consensus Estimate. Though this compares unfavorably with earnings of 44 cents in the prior quarter, it was ahead of prior-year quarter's earnings of 39 cents.
On a GAAP basis, earnings came in at 36 cents per share compared with 39 cents in the prior quarter and 32 cents in the year-ago quarter.
Invesco's earnings improved over the prior-year quarter primarily on an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Sherwin Williams

Posted: 24 Oct 2011 01:50 PM PDT

Sherwin-Williams Co. (NYSE:SHW) will release its results for the third quarter of 2011 before the market opens on October 25, 2011.
Sherwin-Williams reported net earnings of $1.58 per share in the second quarter of 2011 missing the Zacks Consensus Estimate of $1.77 per share.  However, excluding charges of 8 cents per share relating to costs to repurchase $84.9 million of long-term debt, diluted net income was $1.66 per share versus $1.64 per share in the prior year quarter.
The second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NASDAQ Partners Bolsa Electronica

Posted: 24 Oct 2011 01:50 PM PDT

On Friday,  NASDAQ OMX Group Inc. (NASDAQ:NDAQ) announced an alliance with Latin American exchange Bolsa Electronica de Chile (BEC), in order to provide technological support and advisory services.
As per the deal, BEC will use NASDAQ's trading technology, Inet, which is already in use in over 70 exchanges in 50 countries. The move will improve BEC's latency (the time taken in sending, matching and acknowledging a trade), performance and throughput capacity.
Additionally, NASDAQ will help … [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: 24 Oct 2011 01:40 PM PDT

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

USD/JPY was trading at 76.07, down 0.29% at time of writing.

The pair was likely to find support at 75.82, Friday's low, and resistance at 77.09, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.23% to hit 1.3927 and GBP/USD rising 0.27% to hit … [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: 24 Oct 2011 01:25 PM PDT

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

EUR/USD was trading at 1.3924, up 0.20% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3956, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8709 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Dr Pepper Snapple

Posted: 24 Oct 2011 01:18 PM PDT

Dr Pepper Snapple Group Inc. (NYSE:DPS) is scheduled to report its third-quarter 2011 financial results before the opening bell on October 26, 2011. The current Zacks Consensus Estimate for the quarter is 71 cents a share. This represents a year-over-year estimated growth of 18.3%.
Second-Quarter 2011 Summary
Dr Pepper Snapple reported second-quarter 2011 earnings of 77 cents per share compared with 74 cents per share in the year-ago period. However, quarterly earnings were in line with the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.89%

Posted: 24 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.89%, the S&P 500 index gained 1.29%, while the Nasdaq 100 index climbed 2.08%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.55%; Germany's DAX gained 1.41%; Britain's FTSE 100 climbed 1.08%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche’s MS Candidate Advances

Posted: 24 Oct 2011 01:07 PM PDT

Roche Holdings Ltd. (RHHBY) reported positive data from a mid-stage trial on ocrelizumab, which is also the second set of data that the company reported within a week. The candidate is being studied to treat patients suffering from relapsing-remitting multiple sclerosis (RRMS).
The study showed that a significant reduction in disease activity was maintained through 96 weeks, similar to the previously-reported 24 weeks.
Results demonstrated that none of the patients who were dosed 600 mg of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Guide To Econ Reports This Week

Posted: 24 Oct 2011 01:07 PM PDT

GDP Numbers This Thursday

This week we will get the first look at GDP growth in the third quarter. Despite earlier fears that we were falling back into a double dip, it now looks like growth will come in much better than the very anemic 1.3% rate of the second quarter. The consensus is looking for 2.3%. I suspect that we might well do even better than that, perhaps north of 2.5%.

That’s OK if we were already operating the economy near its potential, but we are nowhere close to doing so. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 24 Oct 2011 12:55 PM PDT

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

GBP/USD was trading at 1.5986, up 0.22% at time of writing.

The pair was likely to find support at 1.5682, Thursday's low, and resistance at 1.6007, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8712 and GBP/JPY falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DuPont

Posted: 24 Oct 2011 12:49 PM PDT

EI DuPont de Nemours & Co. (NYSE:DD) is scheduled to report its third-quarter 2011 financial results on Tuesday, October 25, 2011. The current Zacks Consensus Estimate for the quarter is 56 cents a share. For the quarter under review, revenue is $8,884 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
DuPont reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 from $1.16 billion or $1.17 per share in the same quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ingersoll-Rand Beats Estimates

Posted: 24 Oct 2011 12:36 PM PDT

Ingersoll-Rand Plc (NYSE:IR) posted adjusted earnings of $0.81 from continuing operations, beating the Zacks Consensus Estimate of $0.79.
Total net earnings came in at $86.2 million or $0.25 per share in the quarter compared to $232.2 million or $0.68 in the year-ago quarter.
Sales gained 5% year over year to $3,929 million, in line with management's revised guidance of $3.90 billion – $3.95 billion. Total revenues, excluding the recently divested Hussmann business, were up approximately 7% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kimberly-Clark Meets, Cuts Forecast

Posted: 24 Oct 2011 12:36 PM PDT

Kimberly-Clark Corporation (NYSE:KMB) has reported adjusted earnings of $1.26 per share in the third quarter 2011, in line with the Zacks Consensus Estimate. However, the adjusted earnings increased 11% from the prior-year earnings.
The adjusted earnings in the third quarter of 2011 exclude the adjustment for charges related to the pulp and tissue restructuring of 17 cents per share. The results were benefited from sales growth, cost savings, a lower share count and a reduced tax rate. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MGIC Reports In Red Yet Again

Posted: 24 Oct 2011 12:36 PM PDT

Higher claim costs along with lower premiums written led mortgage insurer MGIC Investment Corp. (NYSE:MTG) report a third quarter operating loss of 88 cents per share, 8 cents worse than the Zacks Consensus Estimate of a loss of 80 cents per share. It is highly reflective of the repercussions that the company continues to face in relation to the U.S housing market fiasco.
Total revenues for the quarter were $337.2 million, down 12% year over year. Net premiums written dropped 8.4% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CA Inc.

Posted: 24 Oct 2011 12:36 PM PDT

CA Inc. (NASDAQ:CA) is scheduled to announce its second quarter 2012 results on October 26, 2011 after market close, and we do not see much variation in analysts' estimates at this point.
First Quarter Overview
The company reported decent first quarter 2012 results, with EPS of 52 cents surpassing the Zacks Consensus Estimate. CA earned $1.16 billion in revenues, up 9.0% from $1.07 billion reported in the year-ago quarter.
The year-over-year growth in revenue was primarily attributable to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 24 Oct 2011 12:30 PM PDT

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

USD/CHF was trading at 0.8808, down 0.19% at time of writing.

The pair was likely to find support at 0.8792, today's low, and resistance at 0.9082, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.24% to hit 1.3930 and USD/JPY falling 0.32% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Edison Intl.

Posted: 24 Oct 2011 12:20 PM PDT

EdisonInternational (NYSE:EIX), a generator and distributor of electric power and an investor in infrastructure and energy assets, is scheduled to report third-quarter 2011 financial results on Wednesday, November 2, 2011. The current Zacks Consensus Estimate for the quarter is $1.27 a share. For the quarter under review, revenue is projected at $4.4 billion, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
Edison International's earnings of 54 cents a share had beaten … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMAG/Allos Deal Called Off

Posted: 24 Oct 2011 12:10 PM PDT

AMAG Pharmaceuticals (NASDAQ:AMAG) received a major setback recently with the termination of the deal to merge with Colorado based Allos Therapeutics, Inc (NASDAQ:ALTH). AMAG had entered into an agreement to merge with Allos in July this year in an all stock deal that had a total equity value of $686 million. The deal failed to materialize due to insufficient shareholder votes. The boards of both the companies had however given their approval for the merger.
The management at AMAG has decided to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 24 Oct 2011 12:10 PM PDT

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

USD/CAD was trading at 1.0043, down 0.23% at time of writing.

The pair was likely to find support at 1.0022, today's low, and resistance at 1.0247, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.36% to hit 1.3946 and GBP/USD rising 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Quest Diagnostics

Posted: 24 Oct 2011 11:48 AM PDT

Quest Diagnostics (NYSE:DGX) is scheduled to release its third quarter fiscal 2011 results on Tuesday, October 25, 2011 before the market opens. The company is expected to earn $1.11 during the quarter on $1,902 million in revenues, according to the Zacks Consensus Estimate.
Second Quarter Highlights
Quest Diagnostics reported adjusted EPS of $1.12 during the second quarter of fiscal 2011, a penny below the Zacks Consensus Estimate but higher than last year’s $1.07. Adjusted EPS takes into account … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 24 Oct 2011 11:45 AM PDT

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

EUR/USD was trading at 1.3940, up 0.31% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3954, today's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8714 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cerner Chooses Nirvanix

Posted: 24 Oct 2011 11:35 AM PDT

Nirvanix recently revealed that Cerner Corporation (NASDAQ:CERN), a leading vendor of Electronic Health Record ("EHR") and other healthcare IT services ("HCIT"), will adopt as part of its Cerner Skybox offering, its latest upon-demand managed storage facility (which relies on Nirvanix's Private Cloud Storage offering). The Cerner Skybox Storage offering permits Cerner's customers to integrate lab, clinical systems, radiology and patient records in a safe, enterprise-class cloud storage … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Tech Fought Back To Unched.

Posted: 24 Oct 2011 11:35 AM PDT

Cusick’s Corner
Sorry this is so late, so I will keep it short. The choppy action early left the market leaning to the downside thanks to Tech weakness. Tech fought back to unched and the market is firming as I see news of the Greeks passing austerity. There is still a huge question about the size of the recapitalization, and when this will be actually voted on (supposedly this weekend). I am scaling back, especially with expiration today and tomorrow. See you After Hours.
Stock market averages … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Stock Market Averages Battle Back, Finish Mixed

Posted: 24 Oct 2011 11:35 AM PDT

Cusick’s Corner
Dollar strength, EU uncertainty, earnings and expiration all spelled choppy volatile action. This plays well for scalpers but position traders are leery. Tech continued to be under pressure, signalling a potential rotation out of this sector, which has had quite a run, into the Financials, XLF +1.8%, Consumer Discretionary, XLY, and Energies, XLE, leaving a glint of promise for the bulls. I will be watching overnight action to get a pulse of tomorrow’s early expiration trade. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Sitting On Resistance

Posted: 24 Oct 2011 11:34 AM PDT

Cusick’s Corner
Resistance — the major averages are sitting at major resistance, and while the recent action is relatively positive, we must recognize that this is a market in a Bear trend. Unless we get a move through these levels, 1230 on the S&Ps, there is no real news or data that looks to be out there that would (or for that matter has already been released)point potentially higher. I am taking today’s trade in a very measured way, especially with expiration in the afternoon. See you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Brangelina Market

Posted: 24 Oct 2011 11:34 AM PDT

Cusick’s Corner
Like Brad and Angelina, that is how this market traded and ended this week, they were off again then they together and by the end of the week they are more in love with each other than ever. That is how the market traded this week, with the headlines out of the EU flopping more than a fish out of water and mixed earnings, IBM/GS/AAPL misses, and lower than expected GDP out of China, the bid clawed back. They even pulled the Finance sector up, in front of the EU vote that is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Headline Mania

Posted: 24 Oct 2011 11:34 AM PDT

Cusick’s Corner
We are being barraged by headlines and it’s a very difficult time for some investors to stay on the sidelines. The number one headline that has not hit the wire yet is the highly anticipated EU recapitalization plan that may be out by Wednesday. Many are anticipating a potentially positive result, but I am gearing up for a potential “buy the rumor-sell the news” set up. I say this only because we saw manufacturing data out of China this morning that was better than expected and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ETFs And Allocations To Protect Portfolios In The Current Financial Storm

Posted: 24 Oct 2011 11:34 AM PDT

excerpt from article at Seeking Alpha: 
 This is a followup to a previous postings suggesting how investors can take refuge in the oncoming financial storm. If you've not done so already, be sure to read my previous post Say It Ain't So for a description of our dismal macroeconomic picture.
The purpose of this article today is to explore any safe havens for your investments to shelter them from this worldwide slump. What are we protecting against? Problem is, we don't yet know. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests The Water Above The 1.6000 Level

Posted: 24 Oct 2011 11:34 AM PDT

Downward Move In Gold And Silver Should Be Short Lived

Posted: 24 Oct 2011 11:31 AM PDT

Do not be in anyway daunted by this recent correction and volatility in gold, silver and the miners.  The upward ascent in the precious metals drama requires not only patience, but the awareness that 20-30% pullbacks in bullion are characteristic and frequent.  One should've been prepared for short term downward moves in precious metals, which we have recently witnessed as gold exceeded overhead resistance in early August.

We are on the verge of The Fed implementing some form … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Cardinal Health

Posted: 24 Oct 2011 11:20 AM PDT

Cardinal Health (NYSE:CAH) is slated to report first-quarter fiscal 2012 results on Thursday, October 27. The current Zacks Consensus Estimate for the first quarter is 72 cents, representing an estimated 12.39% year-over-year hike.
Fourth Quarter Recap
Cardinal posted fourth quarter adjusted earnings per share from continuing operations of 59 cents, beating the Zacks Consensus Estimate by a penny and exceeding the year-ago earnings of 50 cents. Total revenues were $26.8 billion in the quarter, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 24 Oct 2011 11:15 AM PDT

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

AUD/USD was trading at 1.0478, up 0.97% at time of writing.

The pair was likely to find support at 1.0148, Thursday's low, and resistance at 1.0501, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.68% to hit 1.3303 and AUD/JPY rising 0.61% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Capella

Posted: 24 Oct 2011 11:05 AM PDT

Capella Education Company (NASDAQ:CPLA), a provider of online education, is scheduled to report its third-quarter 2011 financial results on Tuesday, October 25, 2011. The current Zacks Consensus Estimate for the quarter is 60 cents a share. The Zacks Consensus estimates revenue at $101 million for the second quarter.
Second-Quarter 2011, a Synopsis
On July 26, 2011, Capella delivered better-than-expected second-quarter 2011 results. The quarterly earnings of 99 cents a share beat the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manpower Beats On Bottom-Line

Posted: 24 Oct 2011 10:47 AM PDT

ManpowerGroup (NYSE:MAN), the global leader in the employment services industry, recently posted better-than-expected third-quarter 2011 results that topped the Zacks' expectation on the heels of revenue growth across all regions with emerging markets portraying robust trends. Better expense control also lent support to the bottom-line.
However, fall in demand for the counter-cyclical outplacement services continues to impact the results. The company also cautioned that the softness in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 24 Oct 2011 10:45 AM PDT

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

USD/JPY was trading at 76.02, down 0.36% at time of writing.

The pair was likely to find support at 75.82, Friday's low, and resistance at 77.09, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.32% to hit 1.3940 and GBP/USD rising 0.28% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBP/USD Hits Key 1.6000 Resistance

Posted: 24 Oct 2011 10:38 AM PDT

GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after price hit its 1.5270 low in early October. The current 2+ week bullishness has risen to more than 50% of the precipitous fall from the August 1.6616 high to the noted October 1.5270 low. Any subsequent further push to the upside that breaks above the 1.6000 level has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Tech. Gets Pemex Deal

Posted: 24 Oct 2011 10:35 AM PDT

Oil drilling equipment maker  FMC Technologies Inc. (NYSE:FTI) will manufacture and deliver surface wellheads to Pemex Exploration and Production, under a three-year contract. The deal will fetch FMC Technologies $36 million in revenue if the full contract is executed.
Pemex has assured orders worth at least 40% of the contract value within the determined call-off period. The supplied equipments will be utilized for drilling and well maintenance programs in the Northeast and Southwest Marine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Market Moving On News…trading In A Range”

Posted: 24 Oct 2011 10:20 AM PDT

10/24/11 DME Securities’ Alan Valdes discusses today’s gains in US equities and how to consider the risks following the upcoming EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Market Moving On News…trading In A Range”

Posted: 24 Oct 2011 10:20 AM PDT

10/24/11 DME Securities’ Alan Valdes discusses today’s gains in US equities and how to consider the risks following the upcoming EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonic Misses On Bottom Line

Posted: 24 Oct 2011 10:15 AM PDT

Sonic Corp. (NASDAQ:SONC) reported fourth quarter 2011 adjusted earnings of 20 cents per share, which lagged the Zacks Consensus Estimate by 2 cents but perked up from the year-ago quarter’s earnings of 8 cents. The year-over-year improvement was driven by efficient cost management, strong comparable store sales (comps) at company-owned drive-ins.
In fiscal 2011, the earnings were 31 cents per share versus 34 cents in the year-earlier period.
Total revenue in the reported quarter was $151.2 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Israel Keeps Interest Rate At 3.00%

Posted: 24 Oct 2011 10:11 AM PDT

The Bank of Israel held its benchmark interest unchanged at 3.00%.  The Bank said: “The decision to leave the interest rate for November unchanged after reducing it for October is in line with monetary policy aimed at stabilizing the rate of inflation within the price stability target range of 1–3 percent over the coming 12 months, and is intended to support growth while preserving financial stability. The path of the interest rate in the future depends on developments in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 1.41%

Posted: 24 Oct 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX rose 1.41%, London's FTSE 100 gained 1.08%, France's CAC 40 climbed 1.55% and the EURO STOXX 50 was up 1.35%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.74%; the S&P 500 index gained 1.04%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds On Optimism Regarding Eurozone Plan Agreement

Posted: 24 Oct 2011 05:00 AM PDT

10/24/11 The euro rallied this afternoon after falling in the morning on growing optimism that eurozone leaders are closer to agreeing on a comprehensive plan to tackle the debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds On Optimism Regarding Eurozone Plan Agreement

Posted: 24 Oct 2011 10:00 AM PDT

10/24/11 The euro rallied this afternoon after falling in the morning on growing optimism that eurozone leaders are closer to agreeing on a comprehensive plan to tackle the debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rises More Than 3%

Posted: 24 Oct 2011 04:00 AM PDT

10/24/11 An expansion in Chinese manufacturing and a boost in US equities helped front month crude rally to start the new week by more than 3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rises More Than 3%

Posted: 24 Oct 2011 04:00 AM PDT

10/24/11 An expansion in Chinese manufacturing and a boost in US equities helped front month crude rally to start the new week by more than 3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

M&A, Earnings Lift US Stock Averages

Posted: 24 Oct 2011 03:10 AM PDT

10/24/11 Wall Street kicked off the trading week with an advance. Earnings from Caterpillar, a handful of earnings, and optimism ore progress in Euro-zone adding to improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Markets Rally As EU Leaders Continue To Outline The EFSF

Posted: 24 Oct 2011 01:15 AM PDT

10/24/11 NYFP’s Morning Market Report: Global markets were strong this morning as EU leaders continue to lay out plans to solve the eurozone debt crisis. Meanwhile, takeover speculation for Yahoo! heats up as Google has some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Germany 30 (DE30)

Posted: 24 Oct 2011 06:01 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The Germany 30 (DE30) index CFD's inability to follow-through to the upside following a strong early session rally has helped form the resistance line of a rising wedge chart pattern on the 30-minute chart. Because of the sideways-to-lower trading action following the top, Autochartist is forecasting a near-term break for this emerging pattern.
The overall quality of this chart pattern is rated a weak 2-bars. The initial trend indicator which measures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Remembering The Stock Market Crash Of 1987

Posted: 24 Oct 2011 01:00 AM PDT

10/24/11 NYFP’s “This Week in Wall Street History”: This week, we take a look back at the events of October 19th, 1987, when the stock market spiraled out of control and dropped 508 points … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, October 25, 2011

Posted: 24 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, October 25, 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
109.24
− 0.16
109.36
109.35

Bearish

BND – Vanguard Total Bond Market ETF
83.16
+ 0.07
83.19
83.12

Neutral

DBC – DB Commodity Index Tracking Fd
27.61
+ 1.58
27.26
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 Tuesday, October 25, 2011

Posted: 24 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, October 25, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.58
+ 3.42
10.19
10.04

Bullish

AXP – American Express Company
49.92
+ 3.01
47.72
47.21

Bullish

BA – Boeing Co
64.75
+ 0.25
63.83
63.52

Bullish

BAC – Bank of America Corporation
6.72
+ 4.02
6.51
6.45

Bullish

CAT – Caterpillar Inc
91.77
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, October 25, 2011

Posted: 24 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, October 25, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1247.00
+ 0.95
1227.25
1219.08

Bullish

Dow Jones – Dec YMZ1
11825
+ 0.57
11657
11584

Bullish

Nasdaq – Dec NQZ1
2374.75
+ 1.74
2330.11
2324.75

Bullish

Russell – Dec TFZ1
731.20
+ 2.86
706.83
699.30

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
138-03
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, October 25, 2011

Posted: 24 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, October 25, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0472
+ 0.97
1.0324
1.0289

Bullish

EURUSD – Euro / US Dollar
1.3928
+ 0.26
1.3831
1.3819

Bullish

GBPUSD – British Pound / US Dollar
1.5995
+ 0.28
1.5872
1.5851

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0029
− 0.41
1.0111
1.0125

Bearish

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

Lessons To Be Learned From The Crash Of Oct. 19, 1987

Posted: 24 Oct 2011 05:00 AM PDT

10/24/11 Daniel Ryan of E&J Securities shares a brief description of what happened on that memeorable day and the lessons that have been learned since then that will hopefully prevent such a situation in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update US Treasury Bonds

Posted: 24 Oct 2011 02:33 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Treasury Bond futures have narrowed into a tight price range in recent trading as uncertainty in world markets, which has been buoying bond prices, is offset by the sharp short term rally in stocks. This consolidation phase has filled in the apex of a large Triangle chart pattern, identified by Autochartist and displayed here on the 240-minute time interval.

The Triangle chart pattern began forming with a drop from the market peak above 145.00, with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Do Bullish Investors Have An Ace In The Hole?

Posted: 23 Oct 2011 10:00 PM PDT

Right now, there are planes full of travelers heading to Vegas with dreams of striking it rich. These starry-eyed gamblers would greatly improve their odds by learning how to count cards. Yet, as we learned in the movie 21, where six MIT students team with Micky Rosa to become expert card counters and "bring down the house," this highly illegal technique carries dire consequences.
You may not be able to count cards at the blackjack table, but counting historical trends of the stock market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Groupon Prepares For Its Debut

Posted: 23 Oct 2011 04:00 PM PDT

10/24/2011 The daily deals site’s IPO is scheduled for November 4th, but offer only 5% of its share to the public. The Groupon roadshow for public investors kicks off on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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