Monday, October 17, 2011

DailyMarkets.com - Forex Trading: USDSGD Daily Perspective – 50% Retracement

DailyMarkets.com - Forex Trading: USDSGD Daily Perspective – 50% Retracement

Forex Trading: USDSGD Daily Perspective – 50% Retracement

Posted: 17 Oct 2011 05:32 PM PDT

With the European situation degenerating yet again, at least from a headline perspective, we see the USDSGD pair has caught a bid the last few sessions on the 50% retracement of the August to October move. A break below the 50% retracement should put the 200day mavg into play and move higher could be met with some resistance at trending 21 day moving average and the top of the trendline directly above it. We will continue to watch the headlines out of Europe and the US as the economic calendar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Possibly Consolidating

Posted: 17 Oct 2011 05:32 PM PDT

As the Chinese economy is seemingly slowing based on the economic indicators and decline in global demand, the Chinese have elected to continue to suppress the value of the Yuan despite the (democratic – controlled) US Senate passing a bill that would impose sanctions against China if they continued their current economic policies of devaluation. On the chart below we see that although the USDCNH has traded extremely erratically the last few weeks, the pair could be consolidating as US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Meagerness Of The Republican Debates, The Smallness Of The President’s Solutions, And The Need For A Progressive Alternative

Posted: 17 Oct 2011 05:11 PM PDT

Republicans are debating again tomorrow night. And once again, Americans will hear the standard regressive litany: government is bad, Medicare and Medicaid should be cut, "Obamacare" is killing the economy, undocumented immigrants are taking our jobs, the military should get more money, taxes should be lowered on corporations and the rich, and regulations should be gutted.
Four years ago the most widely-watched TV debate among Republican aspirants attracted 3.2 million viewers. This year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Edges Up In Early Asian Trade

Posted: 17 Oct 2011 04:38 PM PDT

Forexpros –
Forexpros – The euro moved higher against the U.S. dollar in Asian trade Tuesday, as a self-imposed deadline by European leaders to formulate a solution to the region's debt crisis appeared unlikely to produce a permanent solution.

EUR/USD hit 1.3750 in early Asian trade, the pair's highest since; the pair subsequently consolidated at 1.3745, easing up 0.06%.

The pair was likely to find support at 1.3583, last Wednesday's low, and resistance at 1.3914, Monday's high.

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

Forex Trading: USDSGD Remains Inside The Hourly Channel

Posted: 17 Oct 2011 04:33 PM PDT

The USDSGD pair has remained inside the hourly channel we've been  advertising, rebounding to the 100hr moving average that has defended the pairs appreciation. The bid was driven by negative news in regards to another delay to any possible resolution out of Europe gave the USD a flight to quality bid coupled with very low export numbers out of Singapore yesterday (Non-oil Domestic Exports expected @ +3.5% was released … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 17 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3745, up 0.06% at time of writing.

The pair was likely to find support at 1.3583, Wednesday's low, and resistance at 1.3914, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8730 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peanut Butter Prices Set To Spike

Posted: 17 Oct 2011 03:58 PM PDT

10/17/11 The price of peanuts have more than doubled after a poor harvest. Several food companies plan on raising prices on peanut … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 17 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7926, up 0.13% at time of writing.

The pair was likely to find support at 0.7742, Wednesday's low, and resistance at 0.8068, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.02% to hit 1.2833 and EUR/NZD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – Apple, Bank Of America, Goldman Sachs, Yahoo!; US PPI, TIC Data, NAHB Housing Markets Index, Bernanke’s Speech To The Boston Federal Reserve Bank

Posted: 17 Oct 2011 03:20 PM PDT

10/17/11 US inflation data and quarterly earnings will be released. A slew of data from China will be coming out, including Q3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anadarko Finally Settles BP Claims

Posted: 17 Oct 2011 03:00 PM PDT

Independent oil and gas producer Anadarko Petroleum Corporation (NYSE:APC) finally reached a settlement with BP plc. (NYSE:BP) for all current and future claims associated with the Deepwater Horizon accident. As per the agreement, Anadarko agreed to pay $4 billion and both companies have thus mutually decided to release all claims against each other.
Anadarko had a 25% interest in the Mississippi Canyon block 252, where the accident took place. Per the public filings, BP has recorded a charge in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: LM Ericsson

Posted: 17 Oct 2011 02:50 PM PDT

LM Ericsson Telephone CO ADS (NASDAQ:ERIC) is scheduled to report its third quarter and fiscal 2011 results on Wednesday October 20, 2011. The current Zacks Consensus Estimate for the quarter is 20 cents a share. For the quarter under review, revenue is $8,267 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
Ericsson reported GAAP earnings of 58 cents per share from continuing operations for the second quarter of 2011, well above the Zacks Consensus Estimate of 22 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EnCana Strikes Deal With Pembina

Posted: 17 Oct 2011 02:50 PM PDT

Canadian natural gas firm EnCana Corporation (NYSE:ECA) has signed a capacity expansion deal with Pembina Pipeline Corporation.
Per the agreement, Pembina will put in approximately C$230 million, or $225.2 million, to expand the processing and liquids extraction capacity of the Resthaven natural gas processing plant in west central Alberta.
The expansion program will be executed in two phases and is slated to commence in late 2013. In the first phase, the extraction capacity of natural gas liquids … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Tuesday, Oct 18th

Posted: 17 Oct 2011 02:38 PM PDT

 ( click to enlarge )

I mentioned Affymax, Inc. (NASDAQ:AFFY) as a stock I’m watching this morning on twitter, and promised I would follow up with a chart. AFFY is a very bullish looking chart to me, and could be ready to move soon. The stock has been building a base for the last 3 months. It broke out of that base early this month and has been trading in a bull flag for the past couple of days. This is about the average time the stock takes for a bull flag to develop, so I expect it to move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PartnerRe Intact At Neutral

Posted: 17 Oct 2011 02:35 PM PDT

We have reiterated our Neutral recommendation on PartnerRe Ltd. (NYSE:PRE) based on the recent catastrophe (CAT) losses that have severely dampened the bottom line, partially offset by a risk-free balance sheet and a fair amount of liquidity.
PartnerRe's second quarter operating earnings per share of 98 cents came in significantly higher than the Zacks Consensus Estimate of 68 cents, but lagged behind $1.80 recorded in the year-ago quarter.
Results deteriorated year over year on the back of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Testing The Top Of The Downward Channel

Posted: 17 Oct 2011 02:33 PM PDT

usd/sgd testing the top of the downward channel in the 4hr … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TRW Unveils Next-Generation TPMS

Posted: 17 Oct 2011 02:20 PM PDT

TRW Automotive Holdings Corp. (NYSE:TRW) recently unveiled its next-generation tire pressure monitoring system (TPMS). This new version uses basic, wheel-mounted direct TPMS sensors to measure the pressure and temperature of air inside a tire. The product is expected to be launched in 2013.
TRW management is highly optimistic about the future of the product and expects the market for direct TPMS to improve further over the next five to ten years, given the potential stringent regulations in Europe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro Misses Ests But Grows Y/Y

Posted: 17 Oct 2011 02:00 PM PDT

Hasbro Inc. (NYSE:HAS) has reported third quarter 2011 earnings per share of $1.27, which fell short of the Zacks Consensus Estimate of $1.30 but improved from $1.09 earned in the year-earlier quarter.
Hasbro's net revenue of $1,375.8 million grew 5.0% from the year-ago quarter but lagged the Zacks Consensus Estimate of $1,437.0 million. Foreign exchange had a favorable impact of $37.1 million. Standout performance by the Transformers brand along with continued double-digit growth in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonic Authorizes Stock Buyback Plan

Posted: 17 Oct 2011 02:00 PM PDT

Sonic Corp.'s (NASDAQ:SONC) board of directors recently sanctioned a repurchase program of up to $30 million worth of common stock through August 31, 2012.
Sonic will exercise the program opportunistically in the open market or in negotiated transactions, depending on share price and other macro factors.
As of October 13, 2011, Sonic had 61.9 million in shares outstanding and the shares of the company were trading at $7.36. The stock had historically traded between $11.86 and $6.35 in the last 12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rough Start For The Dow, Drops More Than 247 Points On Growing European Debt Crisis Concerns

Posted: 17 Oct 2011 09:00 AM PDT

10/17/11 NYFP’s Closing Bell Report: In a sour way to start the trading week, the Dow Jones dropped nearly 250 points today as European debt crisis concerns fueled a sell-off. Meanwhile, IBM 3Q revenue disappoints & M&A news dominated energy … [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: 17 Oct 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

EUR/USD was trading at 1.3734, down 1.07% at time of writing.

The pair was likely to find support at 1.3583, Wednesday's low, and resistance at 1.3914, today's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ingersoll-Rand Plc Divests

Posted: 17 Oct 2011 01:50 PM PDT

Ingersoll-Rand Plc (NYSE:IR) recently sold a 60% stake in the Hussmann business to funds managed by private equity firm Clayton, Dubilier & Rice, LLC (CD&R), effective September 30.
On August 9, 2011, Ingersoll-Rand Plc agreed to divest a 60% stake in its Hussmann business to private equity firm Clayton Dubilier& Rice, LLC. 
Generating revenues of $800 million, Hussmann provides display cases, refrigeration systems, installation and services to food retailers around the … [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: 17 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

USD/JPY was trading at 76.80, down 0.53% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Ltd. Launches New Product

Posted: 17 Oct 2011 01:30 PM PDT

To deal with the environmental risks faced by the healthcare industry, ACE USA, the U.S.-based retail arm of ACE Limited (NYSE:ACE), has launched  the Healthcare Premises Pollution Liability Insurance Policy.
This policy is designed to attend to pollution and facility-borne illness risks encountered by owners, managers and operators of hospitals, long-term and short-term care facilities, and in-patient and out-patient surgical centers to name a few. Along with the healthcare facility … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Oct 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

EUR/USD was trading at 1.3729, down 1.10% at time of writing.

The pair was likely to find support at 1.3583, Wednesday's low, and resistance at 1.3914, today's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Maintained At Neutral

Posted: 17 Oct 2011 01:15 PM PDT

We have reiterated our Neutral recommendation on DaVita Inc. (NYSE:DVA) based on strong top-line growth, partially offset by higher operating expenses.
However, we continue to exercise caution in the near term due to the volatile economic environment, which can have a negative impact on earnings.
DaVita reported second-quarter net operating income of $114.4 million, or $1.17 per share, which exceeded the Zacks Consensus Estimate by 3 cents. The earnings were also higher than $110.4 million or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.13%

Posted: 17 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 2.13%, the S&P 500 index shed 1.94%, while the Nasdaq 100 index declined 1.58%.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the preceding month.

Analysts had expected Empire State manufacturing activity to fall -4.0 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: UnitedHealth Group

Posted: 17 Oct 2011 01:05 PM PDT

UnitedHealth Group Inc. (NYSE:UNH) starts off the earnings season for managed care companies with its 3Q 2011 earnings on October 18, 2011. The Zacks Consensus estimate for the quarter stands at $1.12 which translates into an earnings growth of 12.12% year over year.
We believe earnings will continue to disclose improving performance from its health benefits and rapidly growing health services businesses. Lower medical utilization is also expected to be a major tailwind for earnings.
Previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Note To Financial Armageddon Visitors: Google Reports Alleged Issue

Posted: 17 Oct 2011 12:55 PM PDT

I’m not sure why, but Google was earlier reporting (and maybe still is) that there’s “harmful code” at the Financial Armageddon blog, and was warning visitors that the site “may harm [their] computer.”
Needless to say, I found this very alarming. So, to try and figure out why my site was being labeled as “suspicious,” I used the Webmaster Tools (WT) service that Google offers. According to WT’s diagnostic component, the search giant “could not not isolate the malicious code within [the] … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Targets Anadys Pharma

Posted: 17 Oct 2011 12:55 PM PDT

Roche Holdings Ltd. (RHHBY) recently announced that it has entered into a definitive merger agreement with Anadys Pharmaceuticals Inc. (NASDAQ:ANDS). By virtue of this agreement, Roche will acquire all the shares of Anadys at $3.70 per share, bringing the total consideration price to $230 million. The transaction is expected to close within this year.
We note that the acquisition of Anadys will augment Roche's hepatitis C virus (HCV) portfolio, with Anadys' lead pipeline candidate — … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

GBP/USD was trading at 1.5756, down 0.40% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, Friday's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro Misses Zacks But Grows Y/Y

Posted: 17 Oct 2011 12:40 PM PDT

Hasbro Inc. (NYSE:HAS) has reported third quarter 2011 earnings per share of $1.27, which fell short of the Zacks Consensus Estimate of $1.30 but improved from $1.09 earned in the year-earlier quarter.
Hasbro's net revenue of $1,375.8 million grew 5.0% from the year-ago quarter but lagged the Zacks Consensus Estimate of $1,437.0 million. Foreign exchange had a favorable impact of $37.1 million. Standout performance by the Transformers brand along with continued double-digit growth in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Halliburton 3Q Up On North America

Posted: 17 Oct 2011 12:40 PM PDT

Major oilfield services provider Halliburton Co. (NYSE:HAL) reported better-than-anticipated third quarter 2011 results, which were helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily leveraged through its market-share-leading pressure-pumping business).
Earnings per share, excluding special items, came in at 94 cents, beating the Zacks Consensus Estimate of 92 cents and comfortably ahead of the year-ago adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CSX Corporation

Posted: 17 Oct 2011 12:35 PM PDT

CSX Corporation (NYSE:CSX), one of the leading rail transportation companies, is slated to release its third quarter 2011 results on Tuesday, October 18, after the closing bell. The current Zacks Consensus Estimate for third quarter earnings per share is pegged at 44 cents, representing an annualized growth of 21.98%.
Second Quarter Flashback
CSX Corp.'s second quarter financial results surpassed the Zacks Consensus Estimate and remained above the year-ago level on strong pricing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The New Oil Dynamics

Posted: 17 Oct 2011 12:32 PM PDT

originally posted by Tony Daltorio at http://wallstreetmess.blogspot.com/
The oil market changed back in 2009, but most Americans did not notice.
That was the year, for the first time, China temporarily surpassed the United States as Saudi Arabia's biggest and most important customer.
At the time, Saudi oil minister Ali Naimi said "Ten years ago, China imported relatively little crude oil from us. Now, it is one of our top three markets, and is the fastest growing market for us globally." … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

USD/CHF was trading at 0.8984, up 0.76% at time of writing.

The pair was likely to find support at 0.8882, today's low, and resistance at 0.9112, Wednesday's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca Cola Earnings Preview

Posted: 17 Oct 2011 12:25 PM PDT

The Coca Cola Company (NYSE:KO) is slated to release its fiscal third-quarter 2011 results on Tuesday, October 18. The Zacks Consensus Estimate for the company is $1.02 per share.
Second Quarter Recap
Coca Cola reported second-quarter 2011 earnings per share of $1.17, beating the Zacks Consensus Estimate by a penny. It was also higher than the year-ago EPS of $1.06 per share by 10.38%.
Coca Cola's net revenues saw robust growth of 47% to $12.7 billion, surpassing the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ameren Boosts Dividend

Posted: 17 Oct 2011 12:15 PM PDT

Ameren Corporation (NYSE:AEE) increased its quarterly dividend by 3.9% to 40 cents per share from its previous dividend of 38.5 cents. This results in an annualized dividend of $1.60 per share as against the prior dividend of $1.54.
The increased quarterly dividend will be payable on December 30, 2011, to shareholders of record on December 7, 2011. On September 30, 2011, the company had paid a quarterly dividend of 38.5 cents per share, to shareholders of record on September 8, 2011. Earlier, in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

International Paper Buys Indian Co.

Posted: 17 Oct 2011 12:10 PM PDT

In a strategic bid to tap India's growing paper and packaging market, International Paper Co. (NYSE:IP) has completed the acquisition of a majority stake in leading Indian paper company Andhra Pradesh Paper Mills Limited (APPM) for $388 million in cash.
Earlier, on October 8, 2011, International Paper had acquired 21.5% of Andhra Pradesh Paper Mills Limited in a public tender offer of shares for approximately $105 million in cash. With the current purchase of a 53.5% stake in APPM for about $226 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Failures Zoom To 80

Posted: 17 Oct 2011 12:10 PM PDT

Bank failures continue with no end in sight. Last Friday, U.S. regulators closed down four more banks in Georgia, North Carolina, New Jersey and Illinois. This brings the total number of U.S. bank failures to 80 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks have been stabilizing on the back of an economic recovery, the industry is still on shaky ground. Nagging issues like rock-bottom home prices along with still-high loan defaults … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 17 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

USD/CAD was trading at 1.0200, up 1.01% at time of writing.

The pair was likely to find support at 1.0044, today's low, and resistance at 1.0329, Wednesday's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Back In The USA” – Seattle Manufacturer Provides A Lesson On Reshoring. Expect More Of It. Lots More

Posted: 17 Oct 2011 12:09 PM PDT

The NY Times recently featured a Seattle-based company named “Taphandles” that has brought some of its manufacturing of custom beer taps and beer-marketing products (see photo above) back to the United States from China as many of the economic and cost advantages of manufacturing have started to shift back to the United States, including:

1. Manufacturing wages in China continue to increase at 15-20% per year on average, and have actually increased by a whopping 300% for Taphandles since it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Flying High On IPhone Sales

Posted: 17 Oct 2011 12:05 PM PDT

The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) set a new record for daily sales of a device family with the new Apple Inc.'s (NASDAQ:AAPL) iPhone.
Sprint debuted iPhone 4 and 4S, putting pressure on the two dominant players –– AT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ). The smartphones exceeded Sprint's expectations at the day of launch, thanks to its unlimited data plan starting at just $79.99 per month.
Instead of unlimited offerings, AT&T and Verizon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Stays At Neutral

Posted: 17 Oct 2011 12:05 PM PDT

We have reiterated our Neutral recommendation on Tenet Healthcare Corp. (NYSE:THC) based on its strong results in all lines of business, which were partly offset by the decline in paying and total admissions as well as higher-than-expected operating expenses. Besides, the reduced earnings projections for the rest of 2011 warrant caution.
Tenet reported second-quarter income from continuing operations of $66 million or 9 cents per share, at par with the Zacks Consensus Estimate. Nevertheless, it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gannett’s Profit Dips

Posted: 17 Oct 2011 12:00 PM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s one of the largest-selling daily newspaper USA Today, recently posted third-quarter 2011 results. The quarterly earnings of 44 cents a share missed the Zacks Consensus Estimate by a penny, and dropped 15.4% from last year’s 52 cents reflecting a slump in publishing and political advertising demand as well as a marginal fall in circulation revenue.
However, effective cost management provided some cushion to the bottom-line. Operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Genuine Parts Co.

Posted: 17 Oct 2011 12:00 PM PDT

Genuine Parts Company (NYSE:GPC) announced that it would release its results for the third quarter of 2011 before the market opens on October 18, 2011.
Atlanta, Georgia-based Genuine Parts realized earnings per share of 96 cents in the second quarter, which was wider than the Zacks Consensus Estimate of 89 cents. In the upcoming quarter, the Zacks Consensus Estimate for Genuine Parts is pegged at a profit of 95 cents per share, reflecting an annualized growth of 14.06%. There is no upside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mindray Expands Portfolio

Posted: 17 Oct 2011 11:50 AM PDT

Mindray Medical International Limited (NYSE:MR), a prominent Chinese medical devices company, recently introduced the A3 anesthesia system, which extends its A series product lineup. The latest addition is a platform for anesthesia delivery that adds depth to the company's wide array of patient monitoring and ultrasound systems. The new offerings are being showcased at the American Society of Anesthesiologists meeting in Chicago, during October 14 and 18, 2011.
Both the A3 and A5 of Mindray's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Recession Yet, But…?

Posted: 17 Oct 2011 11:50 AM PDT

Against the still very poor economic macro backdrop, one has to look at the valuations that stocks currently have. Those, to me, look wildly attractive, particularly if the current earnings expectations (or anything close to them) can be achieved. If it turns out that we avoid an outright double-dip recession — and the decline in profits that usually comes with one — then the market should rally from here.

Expectations are starting to come down, particularly for 2012, but the vast majority … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Oct 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

EUR/USD was trading at 1.3736, down 1.05% at time of writing.

The pair was likely to find support at 1.3583, Wednesday's low, and resistance at 1.3914, today's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Earnings Season Kicks Off

Posted: 17 Oct 2011 11:33 AM PDT

Cusick’s Corner
The market traded up to 1230 as I watched my World Series slip away (I am a Brewer fan). The last time we saw this S&P action was on Sept 1st, the market sold off with conviction, much like the action that we see today. While a 14% run in two weeks has extended this market, this pullback is not a surprise and bulls are now salivating, it’s a new potential entry point. This is the action that I will be looking for as we go through earnings, and most importantly we may see new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ETFs Turn Exotic – Protect Yourself

Posted: 17 Oct 2011 11:33 AM PDT

Source: McGraw-Hill Financial Communications
Investments that do not move in tandem with U.S. stocks present opportunities for diversification and potential performance enhancement.

Summary Points

Exchange-traded funds [[ETFs]] are a convenient vehicle for accessing a variety of investments other than stocks.
Alternative investments include hedge funds, commodities, derivatives, and real estate.
In addition, there are alternative investment strategies that encompass short selling, arbitrage, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF Stalls Above Key Support Within Uptrend

Posted: 17 Oct 2011 11:33 AM PDT

USD/CHF (daily chart) as of Monday (10/17/2011) has stalled above key support in the 0.8900 price region, emphasizing this level as the current price region to watch for key events to occur. At the moment, that key event has been a slight bounce that has highlighted 0.8900 as the most important support/resistance area within the context of the current bullish trend that has been in place since the early September breakout above the previous long-term downtrend. 0.8900 has served several times … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Edwards

Posted: 17 Oct 2011 11:30 AM PDT

Edwards Lifesciences Corporation (NYSE:EW) is scheduled to release its third quarter fiscal 2011 results on Wednesday, October 19, 2011 after the market closes.
The company is expected to earn 39 cents per share during the quarter on $405 million in revenues, according to the Zacks Consensus Estimate. The consensus estimate is lower that the year-ago quarter's EPS of 43 cents. As per Edwards' guidance (provided along with the second quarter results), adjusted EPS is expected in the range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardinal Foundation’s Grants

Posted: 17 Oct 2011 11:15 AM PDT

Cardinal Health Foundation, a community relations wing of Cardinal Health (NYSE:CAH), recently revealed that it will confer, for the fifth straight year, over $1 million in grants to support efforts by U.S. health care entities to improve the quality and efficiency of patient care. The Cardinal Health Foundation has, since 2008, handed out 147 grants aggregating over $4.25 million to improve patient care.
The Foundation encourages E3 Grant Program applicants to submit proposals for funding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 17 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

AUD/USD was trading at 1.0203, down 1.33% at time of writing.

The pair was likely to find support at 0.9866, Wednesday's low, and resistance at 1.0372, today's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Check Point

Posted: 17 Oct 2011 11:05 AM PDT

Check Point Software Technologies (NASDAQ:CHKP) is scheduled to announce its third quarter 2011 results on October 18, 2011 before market opens and we see a complete dearth of estimate revisions at this point.
Second Quarter Overview
Check Point delivered a decent second quarter, with earnings per share of 64 cents beating the Zacks Consensus Estimates by a penny. The quarter's results increased 18.5% from a year ago. Revenue saw a 15.1% year-over-year increase, aided by strong performances by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abby Joseph Cohen Discusses The European Debt Situation

Posted: 17 Oct 2011 11:00 AM PDT

10/17/11 In an exclusive interview, Abby Joseph Cohen, President of the Global Markets Institue for Goldman Sachs, offers a brief explanation of Europe’s debt crisis, it’s effect on global markets, and the proposed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ND Oil Boom Fuels Airport Boom: New Records Are Set Every Month With September Gains Of 60-90%

Posted: 17 Oct 2011 10:51 AM PDT

BISMARCK (AP) – “Airports in western North Dakota’s booming oil patch are setting new passenger boarding records nearly every month and need tens of millions of dollars to invest in terminals, parking and runway upgrades, the state’s aeronautics commissioner said.

Dickinson, Williston and Minot airports have set airline boarding records nearly each month for the past three years, said Larry Taborsky. “The airports are full and getting to the extreme point. Bigger runways are needed to support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Nod For BP Clair Ridge

Posted: 17 Oct 2011 10:50 AM PDT

BP Plc (NYSE:BP), along with other three oil giants Royal Dutch Shell Plc (NYSE:COP) and Chevron Corp. (NYSE:CVX), received the U.K. nod for the expansion of the Clair Ridge project as part of 5-year £10 billion ($15.7 billion) venture in the U.K. North Sea.
The four oil behemoths will invest £4.5 billion ($7.1 billion) in the Clair Ridge project, located west of the Shetland Islands. The companies have entered into the second phase of the project comprising design, construction and installation of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 17 Oct 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on NY Empire State Manufacturing Index.

USD/JPY was trading at 76.80, down 0.52% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OfficeMax’s New Credit Facility

Posted: 17 Oct 2011 10:35 AM PDT

OfficeMax Inc. (NYSE:OMX), the provider of office supplies, and technology products and solutions, recently consolidated its two existing credit lines into one. The new revolving credit facility of $650 million that is scheduled to expire in October 2016 overrides the existing $700 million and the other C$60 million (approximately $59 million in U.S.) credit facility, which were slated to conclude in July 2012.
Management notified that currently there are no borrowings under the credit facility in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCAD Moves Toward 100 Hour MA/trendline

Posted: 17 Oct 2011 10:32 AM PDT

The USDCAD has corrected sharply today with the flight out of risk today. The move higher is counter to the trend since the recent high on October 4th.  The move is looking to test the 100 hour MA (blue line in the chart above) at the 1.0188 level and above that, trendline resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: EMC Corp.

Posted: 17 Oct 2011 10:20 AM PDT

EMC Corp. (NYSE:EMC) is scheduled to release its third quarter 2011 results before the opening bells on October 18, 2011.

Prior Quarter Recap

EMC reported second quarter earnings (excluding stock-based compensation, restructuring charges and intangible asset amortization) of 35 cents per share, up 25.0% year over year.

Revenues increased 20.4% year over year to $4.85 billion in the second quarter, surpassing the Zacks Consensus Estimate of $4.73 billion. This growth was primarily attributable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Restarts Libyan Production

Posted: 17 Oct 2011 10:15 AM PDT

Italian energy major Eni SpA (NYSE:E) has resumed oil production in Libya. The company had temporarily abandoned all operations in its North African facility because of a civil war in the country. Production has begun from 15 wells in the Abu-Attifel field, which is situated about 300 kilometers south of Benghazi.
The current production of Eni is about 31,900 barrels of oil a day from the Abu-Attifel field. Subsequently, more wells will likely be restarted to utilize the capacity of the pipeline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Teva Acquires Cephalon

Posted: 17 Oct 2011 10:05 AM PDT

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) completed the acquisition of Cephalon, Inc. recently. The acquisition agreement had been initially announced in early May 2011.
Conditions Laid Down by the FTC
The US Federal Trade Commission (FTC) had laid down certain conditions related to the completion of the acquisition. Firstly, Teva was asked to divest two abbreviated new drug applications (ANDAs) from its portfolio – generic Actiq (fentanyl citrate lozenges – cancer pain) and generic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 1.81%

Posted: 17 Oct 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX fell 1.81%, London's FTSE 100 shed 0.54%, France's CAC 40 declined 1.61% and the EURO STOXX 50 was down 1.68%.

Earlier in the day, official data showed that Manufacturing activity in the State of New York fell more-than-expected to a seasonally adjusted -8.5 last month from -8.8 in the preceding month.

Analysts had expected Empire State manufacturing activity to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Falls 1% Vs. Dollar, Risk Aversion Resurfaces As EU Debt Crisis Concerns Linger

Posted: 17 Oct 2011 09:30 AM PDT

10/17/11 The euro fell more than 1% against the dollar to start the new week as comments from German officials concerning the European debt crisis kept investors steering clear of riskier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US30

Posted: 17 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Following a long rally in terms of price and time, the US30 Index CFD finally succumbed to selling pressure and broke through the support line of a rising wedge chart pattern on the 240-minute chart. Although a case can also be built that the top was formed because of the lack of fresh buyers, the break was clearly triggered by high momentum selling pressure, indicating that sentiment had shifted to the downside.

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

The Trend Trader For Futures Trading On Tuesday, October 18, 2011

Posted: 17 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, October 18, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1194.00
− 2.07
1204.06
1203.83

Bearish

Dow Jones – Dec YMZ1
11301
− 2.26
11433
11452

Bearish

Nasdaq – Dec NQZ1
2321.00
− 1.95
2337.06
2322.75

Bearish

Russell – Dec TFZ1
686.30
− 3.28
696.87
695.53

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-24
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, October 18, 2011

Posted: 17 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, October 18, 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
109.37
+ 0.39
109.10
108.99

Bullish

BND – Vanguard Total Bond Market ETF
83.14
+ 0.35
82.97
82.90

Bullish

DBC – DB Commodity Index Tracking Fd
27.47
− 1.44
27.49
27.45

Neutral

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 Tuesday, October 18, 2011

Posted: 17 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, October 18, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0154
− 1.76
1.0224
1.0143

Neutral

EURUSD – Euro / US Dollar
1.3737
− 1.01
1.3795
1.3716

Neutral

GBPUSD – British Pound / US Dollar
1.5741
− 0.49
1.5769
1.5732

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0236
+ 1.37
1.0176
1.0195

Bullish

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

The Trend Trader For Stock Trading On Tuesday, October 18, 2011

Posted: 17 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, October 18, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.58
− 6.63
10.02
10.14

Bearish

AXP – American Express Company
45.12
− 2.13
45.95
46.07

Bearish

BA – Boeing Co
61.78
− 3.30
63.24
63.96

Bearish

BAC – Bank of America Corporation
6.03
− 2.58
6.20
6.35

Bearish

CAT – Caterpillar Inc
81.52
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europa Oil Amp; Gas Expands Exploration Inventory Into Ireland’s Porcupine Basin

Posted: 17 Oct 2011 03:38 AM PDT

Europa Oil Gas (LON:EOG), the exploration and production group with assets in the UK and Europe, has been awarded two exploration licensing options in the Irish Atlantic Margin Licensing Round. The awards cover two four-block parcels in the Porcupine Basin, covering a total area of approximately 2,000 sq km. The move is important for Europa because it boosts the company's exploration inventory in a region that already boasts oil and gas discoveries and is witnessing ongoing exploration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Sugar

Posted: 17 Oct 2011 03:31 AM PDT

By ForexMansion.com
By Jonah S. Ford
Sugar futures have just completed a leg up inside of a long term Channel chart pattern and are now poised for a retracement. The uptrend completed a breakout from a Descending Wedge chart pattern on a shorter time frame, and the successful rally has shifted the overall trend back to a bullish formation.

The Channel Down is illustrated here on the 240-inute time interval, showing the pullback from resistance at the 28.30 cents per pound level. The market may … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Case Study: Buyouts Crystallize Value In The Market

Posted: 16 Oct 2011 10:00 PM PDT

There's value in the market. That's the message the market is sending through the recent strategic acquisitions in the energy and gold mining spaces.
Last week it was announced that Sinopec, a large Chinese oil and gas company, is purchasing Canadian energy company Daylight Energy for $2.1 billion in cash. The deal was struck at a whopping 120 percent premium to Daylight's share price prior to the announcement and a 43.6 percent premium over the 60-day weighted average price, according to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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