Thursday, October 20, 2011

DailyMarkets.com - Forex Trading: USDSGD Poised For Rebound?

DailyMarkets.com - Forex Trading: USDSGD Poised For Rebound?

Forex Trading: USDSGD Poised For Rebound?

Posted: 20 Oct 2011 05:34 PM PDT

Reviewing the broken wedge we discussed yesterday  http://forex.fxdd.com/129304/economic-statistics/usdsgd-below-wedge  , we see the pair has broken higher on the USD bid and is now being guided higher by former trendline support which could continue its roll in this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Holding Channel Approcahing Resistance

Posted: 20 Oct 2011 05:33 PM PDT

The USDSGD channel we have been reviewing this week is approaching trendline resistance as its appreciation is being defended by the 38.2% resistance for the moment. A break above the trendline resistance could bring the October highs below the 1.32 handle into play in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Testing The 23.6% Retracement Level

Posted: 20 Oct 2011 05:33 PM PDT

usd/hkd testing the 23.6% retracement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Broke Out Of A Sideways Channel

Posted: 20 Oct 2011 05:33 PM PDT

usd/hkd broke out of a sideways channel in this hourly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Creeps Higher In Early Asian Trade

Posted: 20 Oct 2011 04:34 PM PDT

Forexpros –
Forexpros – The euro moved fractionally higher against the U.S. dollar in Asian trade Friday, as hopes for a comprehensive plan to address Europe's debt crisis hit a snag and regional leaders scheduled a second summit meeting for next week.

EUR/USD hit 1.3789 in early Asian trade, the day's high; the pair subsequently consolidated at 1.3784, rising 0.03%.

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 – GBP/USD Up On Economic Data

Posted: 20 Oct 2011 04:20 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.K. data on Nationwide Consumer Confidence.

GBP/USD was trading at 1.5796, up 0.02% at time of writing.

The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high.

Earlier in the day, industry data showed that The U.K.'s Nationwide consumer confidence index fell unexpectedly to a seasonally adjusted 45 last month from 48 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nationwide Consumer Confidence Falls Unexpectedly

Posted: 20 Oct 2011 04:15 PM PDT

Forexpros – The U.K.'s Nationwide consumer confidence index fell unexpectedly last month, industry data showed on Thursday.

In a report, Nationwide said that Nationwide consumer confidence fell to a seasonally adjusted 45, from 48 in the preceding month.

Analysts had expected Nationwide consumer confidence to rise to 49 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Sync Update Vocalizes Text Messages

Posted: 20 Oct 2011 03:58 PM PDT

10/20/11 Ford’s software update to the SYNC system gives drivers access to text messages while on the road. The SYNC will read incoming messages … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 20 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7935, up 0.06% at time of writing.

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

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.11% to hit 1.2901 and EUR/NZD falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – GE, Honeywell, McDonald’s, Schlumberger, Verizon; German IFO, Euro-zone Government Debt GDP Ratio

Posted: 20 Oct 2011 03:20 PM PDT

10/20/11 Any headlines out from the Euro-zone will add to market volatility. It will be quiet on the US economic calendar, but plenty of earnings reports will be coming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle Acquires Endeca

Posted: 20 Oct 2011 03:15 PM PDT

Oracle Corp. (NASDAQ:ORCL) has entered into an agreement to acquire Endeca Technologies, a leading provider of unstructured data management, web commerce and business intelligence solutions. The deal, the financial terms of which remain under wraps, is scheduled to close by the end of 2011.
Based in Cambridge, Massachusetts, Endeca Technologies is a privately held company, with over 600 customers that include Toyota, General Mills, Land O'Lakes, Aramark, PETCO and Tiffany, to name a few.
Customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Shares Positive Data

Posted: 20 Oct 2011 03:10 PM PDT

Roche Holdings Ltd. (RHHBY) reported positive data from a late-stage study (HannaH) on Herceptin (trastuzumab). According to the study, the new subcutaneous (SC) formulation of Herceptin showed comparable efficacy with the standard intravenous (IV) infusion of Herceptin in women suffering from HER2-positive early breast cancer.
While the subcutaneous formulation can be administered in five minutes, the intravenous version takes around half an hour to infuse. Also, since no medicine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vulcan Lowers Dividend

Posted: 20 Oct 2011 03:05 PM PDT

Vulcan Materials Company (NYSE:VMC) recently announced a quarterly dividend of one cent per share on its common stock payable on December 9, 2011, to shareholders of record at the close of business on November 23, 2011. This marks a drastic reduction from 25 cents per share paid on September 10, 2011.
The U.S construction industry is experiencing a trough for nearly a decade, despite stronger demand from public infrastructure projects in Texas, Virginia and South Carolina regions. Private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Few Trade Ideas For Friday

Posted: 20 Oct 2011 03:03 PM PDT

( click to enlarge )

Banner Corporation (NASDAQ:BANR) broke out of a small consolidation range on Thursday, as the stock closed up $1.43 ( 10% ) on heavy volume. I will be watching BANR on Friday for a continuation of this breakout. The technical chart shows the buyers are back and a possible test of July’s highs around $19 is very likely. The short-term trend is still bullish as the stock is still on top of 20 day and 50 day moving average with both moving averages going up. Other good news, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: General Mills

Posted: 20 Oct 2011 02:55 PM PDT

General Mills Inc. (NYSE:GIS) announced its financial results for the first quarter of 2012 on September 22 with operating earnings of 64 cents a share, surpassing the Zacks Consensus Estimate by 2 cents.
Below we have dealt with the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Earnings Recap
General Mills' first quarter 2012 earnings surpassed estimates having benefited from sales growth in each … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Extends Health Care Deal

Posted: 20 Oct 2011 02:35 PM PDT

Hewlett-Packard Company (NYSE:HPQ) recently announced that it has been awarded an extension of the service deal with the Arkansas Department of Human Services (DHS) Division of Medical Services. The extended contract, which cost the company $70.0 million, will be operational for another 27 months. The deal entitles H-P to extend its Enterprise services for better management of DHS' Medicaid operations and in due course, health care reform.
The alliance between H-P and DHS dates back to 1985 when … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Par Pharma Buys From Teva

Posted: 20 Oct 2011 02:20 PM PDT

Par Pharmaceutical Companies Inc. (NYSE:PRX) recently announced that it has acquired rights to three products from Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA), following the latter's acquisition of Cephalon.
According to the terms of the deal, Par Pharma took over the abbreviated new drug applications (ANDA) of fentanyl citrate lozenges, the generic version of Actiq, and cyclobenzaprine ER capsules, the generic version of Amrix. Additionally, Par Pharma purchased the US rights to market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NextEra Erects New Solar Plant

Posted: 20 Oct 2011 02:20 PM PDT

Energy producer NextEra Energy Inc. (NEE) said its competitive energy subsidiary NextEra Energy Resources LLC has started commissioning work at the Hatch Solar Center, located in Hatch, New Mexico. The facility has a total capacity of 5-megawatts.
NextEra Energy Resources is developing the Hatch Solar Energy Center with the assistance of Amonix Inc., a leader in solar systems design and manufacturing. The plant comprises 84 Amonix 60-kilowatt units.
Installed with Amonix’s innovative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HDFC Bank’s Profit Jumps 32%

Posted: 20 Oct 2011 02:15 PM PDT

HDFC Bank's (NYSE:HDB) fiscal second quarter 2012 (ended September 30, 2011) net profit of INR11.99 billion (US$0.26 billion) saw an impressive 31.5% increase over the prior-year quarter. Results improved primarily on strong growth in net revenue and a decline in provisions and contingencies (primarily comprising loan loss provisions), partially offset by higher operating expenses.
Net revenue for the quarter shot up 19.2% year over year to INR41.56 billion (US$0.91 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T Beats Marginally

Posted: 20 Oct 2011 02:15 PM PDT

BB&T Corp.'s (NYSE:BBT) third quarter 2011 earnings came in at 52 cents per share, three cents ahead of the Zacks Consensus Estimate. This also compares favorably with the prior-year earnings of 30 cents.
Net income available to common shareholders for the quarter was $366 million, up 74% from $210 million reported in the prior-year quarter.
Better-than-expected results were aided by higher net interest income and lower provision for covered loans. The quarter also witnessed improved credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix’s New App For Android

Posted: 20 Oct 2011 02:15 PM PDT

Netflix Inc. (NASDAQ:NFLX) has released a new app for Android-based smartphones and tablets, expanding its range of apps for these devices. The new app supports Android 3.x-powered tablets, and allows the Canada and Latin American Netflix subscribers to stream videos on the Android devices instantly.
Netflix Sees Opportunity in Incremental Android Demand
Android-based smartphones and tablets from Google Inc. (NASDAQ:GOOG) have been gaining popularity. Analyst firm Gartner Inc. expects Android to account … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Protestors Come To K Street In DC

Posted: 20 Oct 2011 02:09 PM PDT

Occupy K Street (OKS).

I just happened to walk by the Occupy DC encampment today at 15th and K Street, and took the photos above.  Even if not intentional, it’s appropriate that the protestors are headquartered on K Street, see previous CD post here, and in the city with the highest income in the country. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Surprise

Posted: 20 Oct 2011 02:01 PM PDT

Wall Street:
“US Doing Better Than People Think: Goldman’s O’Neill” (CNBC)
Goldman Sachs Asset Management Chairman Jim O’Neill thinks the U.S. is doing a lot better than people realize.
“There is such an ingrained negative mood internally in the U.S. about itself,” he told CNBC Thursday. “People now seem to be convinced that Europe is going to drag the U.S. down. That might happen, but there is a strong likelihood that it won't.”
The U.S. “has coped pretty well with Japan going 20 years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble Misses, Grows On Utilization

Posted: 20 Oct 2011 02:00 PM PDT

Leading contract drilling company Noble Corporation (NYSE:NE) has reported third quarter 2011 earnings of 49 cents per share (excluding one-time items), which missed the Zacks Consensus Estimate of 53 cents. However, quarterly earnings were much ahead of the adjusted year-earlier profit of 39 cents, fueled by solid demand for its wide range of rigs and vessels.
Total revenue in the quarter climbed more than 20% to $737.9 million from $612.6 million in the comparable quarter last year. Contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Rises 37 Points On EFSF Expansion Reports And US Manufacturing Growth

Posted: 20 Oct 2011 09:00 AM PDT

10/20/11 NYFP’s Closing Bell Report: The Dow rose 37 points on EFSF expansion optimism and an improvement in manufacturing data. Also, Microsoft earnings fell in line with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Decline At Eli Lilly

Posted: 20 Oct 2011 01:57 PM PDT

Eli Lilly & Company (NYSE:LLY) reported third quarter adjusted earnings per share of $1.13, in-line with the Zacks Consensus Estimate but 7% below the year-ago earnings of $1.21. Earnings in the quarter were hurt by higher operating expenses which offset the rise in revenues.
Third quarter revenues increased 9% to $6.1 billion, just above the Zacks Consensus Revenue Estimate of $6.0 billion. Revenues were boosted by increased demand for Lilly's major products. Exchange rates also favorably … [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: 20 Oct 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3782, up 0.16% at time of writing.

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

Earlier in the day, industry data showed that existing home sales fell less-than-expected to a seasonally adjusted annual rate of 4.91M last month from 5.06M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp A Penny Ahead, Misses Sales

Posted: 20 Oct 2011 01:42 PM PDT

Leading lab-testing company Laboratory Corporation of America Holdings (NYSE:LH) reported adjusted EPS of $1.61 (excluding amortization, restructuring and other special charges) for the third quarter of fiscal 2011. The result was higher than the Zacks Consensus Estimate of $1.60 and the previous year’s adjusted EPS of $1.58.
Revenues increased 10% year over year to $1,404.5 million, marginally missing the Zacks Consensus Estimate of $1,408 million. Testing volume (measured by requisitions) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AutoNation Meets, Profits Up

Posted: 20 Oct 2011 01:33 PM PDT

AutoNation Inc. (NYSE:AN) reported a 21% rise in profits to $70.7 million in the third quarter of 2011 from $58.5 million in the same quarter of 2010. On per-share basis, profit was 48 cents and in line with the Zacks Consensus Estimate compared with 39 cents in the third quarter of 2010.
Total revenue increased 7% to $3.5 billion, driven mainly by increases in new and used vehicle average selling prices. It was also in line with the Zacks Consensus Estimate.
Gross profit rose 5% to $575 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Peer-to-Peer GM Carsharing

Posted: 20 Oct 2011 01:30 PM PDT

DETROIT – “General Motors and RelayRides, the world's first peer-to-peer carsharing marketplace, today announced an exclusive relationship that will allow millions of GM vehicle owners to leverage the OnStar system to rent out their idle cars through the RelayRides marketplace.

The program, which will launch in early 2012, is GM's first large-scale involvement in carsharing and is aimed at making it easier for those without a vehicle to access temporary, affordable and reliable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Huntington Misses EPS, Tops Rev.

Posted: 20 Oct 2011 01:15 PM PDT

Huntington Bancshares Inc. (NASDAQ:HBAN) reported third quarter 2011 earnings of 16 per share, missing the Zacks Consensus Estimate by a penny. Results were flat sequentially and significantly ahead of prior-year quarter's earnings of 10 cents.
Though Huntington's earnings were positively impacted by higher net-interest and non-interest revenues, rise in operating expenses subdued the results. Also, despite modest rise in provision for loan losses, the company's over-all credit quality … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nucor Reports Strong 3Q, Guides Low

Posted: 20 Oct 2011 01:15 PM PDT

Nucor Corporation (NYSE:NUE) reported net earnings of $181.5 million, or 57 cents per diluted share (excluding special items) in the third quarter of 2011, beating the Zacks Consensus Estimate of 51 cents per share. This was a significant increase from 23.5 million, or 7 cents per diluted share (excluding special items) reported in the year-ago quarter.
Nucor's third-quarter earnings exceeded those of last year’s quarter, but they declined from the second quarter of this year on lower steel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Mixed At Close; Dow Jones Up 0.32%

Posted: 20 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.32%, the S&P 500 index gained 0.46%, while the Nasdaq 100 index declined 0.45%.

Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia rose unexpectedly to a seasonally adjusted 8.7 last month from -17.5 in the preceding month.

Analysts had expected Philly Fed manufacturing index to fall -9.5 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Janus Capital Beats Estimates

Posted: 20 Oct 2011 01:09 PM PDT

Janus Capital Group Inc.'s (NYSE:JNS) third-quarter 2011 earnings per share attributable to common shareholders came in at 21 cents, ahead of the Zacks Consensus Estimate by 4 cents per share. Moreover, results compared favorably with 18 cents in the year-ago quarter, driven by better expense control and higher servicing fees.
Results exclude a net charge of 6 cents per share mainly associated with the mark-to-market losses on investments. Including such charge, net income was $27.4 million, or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fitch Rates Kimberly-Clark’s Debt

Posted: 20 Oct 2011 01:09 PM PDT

The rating agency Fitch Ratings has assigned an “A” rating to Kimberly-Clark Corporation’s (NYSE:KMB) 5-year debt of $1.5 billion and 364 day revolving credit facilities of $500 million. The outlook remains stable.
Further, these facilities of $2 billion will substitute the existing 5-year facility of $1.33 billion, which would mature in September 2012. The replacement of the old facility with the new one would alleviate the current pressure on European banks which had approximately 30% of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navigating The Bureaucracy To Start A Food Truck

Posted: 20 Oct 2011 01:04 PM PDT

As they prepared for the lunchtime crowd, the owners of the Concrete Cuisine food truck in Detroit (pictured above) explained to the Detroit Free Press what it took to get their vehicle and food business licensed:

“The food truck owners started working to get their license from the Wayne County Health Department — known for its tough standards — in the spring. “It took us three or four months,” says Kava, 32, of Livonia. “You had to come up with a plan review, the same as you would with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FLIR Outperforms Est.

Posted: 20 Oct 2011 12:55 PM PDT

FLIR Systems Inc. (NASDAQ:FLIR) released its third-quarter 2011 earnings results before the market opened today, reporting earnings from continuing operations of 40 cents, above the Zacks Consensus Estimate of 37 cents and prior-year earnings of 39 cents. 
Earnings in the quarter was affected by net after tax impact of the severance cost, excluding which earnings per share in the quarter came in at 43 cents.
Total Revenue
Total revenue was $371.3 million, an increase of 12% year over year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KeyCorp Beats By A Sliver

Posted: 20 Oct 2011 12:55 PM PDT

KeyCorp's (NYSE:KEY) third quarter 2011 net income from continuing operations of 24 cents per share came in 3 cents ahead of the Zacks Consensus Estimate. This also compared favorably with the prior-year quarter earnings of 19 cents.
Including discontinued operations, KeyCorp's net income for the reported quarter came in at $212 million or 22 cents per share compared with $178 million or 20 cents per share in the year-ago quarter.
Better-than-expected results were mainly due to lower provision … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Core Labs Matches EPS, Misses Rev

Posted: 20 Oct 2011 12:55 PM PDT

Core Laboratories N.V. (NYSE:CLB) has reported mixed third quarter 2011 results, driven by commendable performances across all the three business units, partially hurt by steeper operating costs.
Earnings per share (EPS), excluding special items, came in at $1.00, at par with the Zacks Consensus Estimate. Comparing year over year, EPS increased 26.6% from 79 cents.
Total revenue for the quarter was $231.3 million, up 16.1 % from $199.2 million in the prior-year quarter, aided by strong growth in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.

GBP/USD was trading at 1.5801, up 0.17% at time of writing.

The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5848, Wednesday's high.

Earlier in the day, industry data showed that existing home sales fell less-than-expected to a seasonally adjusted annual rate of 4.91M last month from 5.06M in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Costs Hurt Patriot

Posted: 20 Oct 2011 12:35 PM PDT

Results at Patriot Coal Corporation (NYSE:PCX) slumped in third quarter 2011. The company posted a loss per share of 54 cents, a cent below the Zacks Consensus of 55 cents. The loss during the quarter came mainly from longwall moves at two longwall mines, the Federal and Panther mines, which caused production to fall and costs to rise, offsetting the rise in price per ton.
Top Line Scenario
Revenue in the third quarter rose 17.7% from last year to $589.4 million due to higher average selling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philip Morris Beats, Ups Guidance

Posted: 20 Oct 2011 12:35 PM PDT

Cigarette manufacturer and marketer Philip Morris International Inc. (NYSE:PM) reported third quarter 2011 earnings per share, excluding special items, of $1.37, surpassing the Zacks Consensus Estimate of $1.23.
Furthermore, compared with the prior-year period, Philip Morris' earnings per share were up 36.4% excluding currency effect. The year-on-year uptick was attributable to price increases and strong volume growth in Asia.
Revenue, Volumes & Margins
During the quarter, Philip Morris' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.8948, down 0.89% at time of writing.

The pair was likely to find support at 0.8882, Monday's low, and resistance at 0.9082, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 403K last week from 409K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamond Outshines In 3Q

Posted: 20 Oct 2011 12:15 PM PDT

Diamond Offshore Drilling Inc. (NYSE:DO) has reported third quarter 2011 earnings of $1.85 per share. Results strode ahead of the Zacks Consensus Estimate of $1.47 and improved from $1.43 earned a year ago.
Total revenue in the quarter increased nearly 10% year over year to $878.2 million, neatly beating the Zacks Consensus Estimate of $818 million.
Dividend Story
Diamond Offshore declared a 75 cent per share special dividend in the quarter, which remained unchanged from the prior quarter. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 20 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Existing Home Sales.

USD/CAD was trading at 1.0141, down 0.66% at time of writing.

The pair was likely to find support at 1.0044, Monday's low, and resistance at 1.0264, Tuesday's high.

Earlier in the day, industry data showed that existing home sales fell less-than-expected to a seasonally adjusted annual rate of 4.91M last month from 5.06M in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

My Visit To Occupy Wall Street

Posted: 20 Oct 2011 11:55 AM PDT

Should the Tea Party and Occupy Wall Street merge as I have proposed over the last few days? What are the chances that might happen?
Well, after my visit to the Occupy Wall Street demonstration in lower Manhattan yesterday I would think there are two chances of a merger between these two entities. None and even less than that.
Why so harsh in my assessment?
Well, if the OWS movement would maintain that it is representing 99% of our American population, then based upon my visit yesterday, they … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 20 Oct 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3765, up 0.04% at time of writing.

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

Earlier in the day, industry data showed that existing home sales fell less-than-expected to a seasonally adjusted annual rate of 4.91M last month from 5.06M in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 20 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.

AUD/USD was trading at 1.0233, up 0.09% at time of writing.

The pair was likely to find support at 1.0118, Tuesday's low, and resistance at 1.0372, Monday's high.

Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia rose unexpectedly to a seasonally adjusted 8.7 last month from -17.5 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 20 Oct 2011 06:01 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE completed another sideways-to-lower day on Thursday, driven by the uncertainty in the Euro Zone. In this headline driven market, traders are beginning to realize that the events that gave birth to the euphoric rise over the past two weeks can also take away. While not actually reacting as if the market is set for another plunge, the recent trading action clearly shows a tentative trade highlighted by position paring.

If one strips out the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US2000

Posted: 20 Oct 2011 06:01 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
A failed attempt to breakout to the upside led to a sharp spike to the downside for the US2000 on the 240-minute chart, leading to the formation of a completed triangle chart pattern. The strong momentum on the break through the support line indicates the presence of sellers, but it may take a trade through the last swing bottom at 678.00 to trigger the acceleration this market needs to reach the Autochartist forecast zone at 668.93 to 649.79.

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

The Trend Trader For Futures Trading On Friday, October 21, 2011

Posted: 20 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, October 21, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1210.00
+ 0.29
1210.03
1203.83

Neutral

Dow Jones – Dec YMZ1
11472
+ 0.21
11455
11452

Bullish

Nasdaq – Dec NQZ1
2301.00
− 0.73
2322.42
2322.75

Bearish

Russell – Dec TFZ1
692.60
− 0.29
694.93
695.53

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-00
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, October 21, 2011

Posted: 20 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, October 21, 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
109.35
− 0.05
109.36
108.99

Neutral

BND – Vanguard Total Bond Market ETF
83.23
− 0.05
83.19
82.90

Bullish

DBC – DB Commodity Index Tracking Fd
27.04
− 0.15
27.23
27.45

Bearish

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 Friday, October 21, 2011

Posted: 20 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, October 21, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.95
+ 1.84
9.91
10.14

Neutral

AXP – American Express Company
46.19
+ 0.13
46.11
46.07

Bullish

BA – Boeing Co
62.49
− 0.98
63.04
63.96

Bearish

BAC – Bank of America Corporation
6.47
+ 1.09
6.48
6.35

Neutral

CAT – Caterpillar Inc
84.26
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, October 21, 2011

Posted: 20 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, October 21, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0235
+ 0.12
1.0240
1.0143

Neutral

EURUSD – Euro / US Dollar
1.3781
+ 0.16
1.3761
1.3716

Bullish

GBPUSD – British Pound / US Dollar
1.5787
+ 0.10
1.5750
1.5732

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0154
− 0.45
1.0172
1.0195

Bearish

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

Daily Commodities Update: US Crude Oil

Posted: 20 Oct 2011 02:31 AM PDT

By ForexMansion.com
By Jonah S. Ford
US Crude Oil futures retreated with equities in relatively quiet trading. The move lower appears to confirm the technical breakout from a Rising Wedge chart pattern detected by Autochartist, shown here on the 240-minute time interval.

This is a classic Rising Wedge formation which began developing in early October and now measures a healthy 71 bars in length. The pattern registers high marks in Clarity and Initial Trend readings, with an overall Quality … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pairing Wine With Wheels

Posted: 19 Oct 2011 10:00 PM PDT

There are more than 150 million people—roughly 2 percent of all the people on earth—who are in need of a wheelchair, but cannot afford one, according to the World Health Organization.
My long-time friend Gordon Holmes, publisher of Streetwise Reports (The Gold Report and The Energy Report) and founder of Lookout Ridge Winery, has developed a unique approach to help this cause called the "Wines for Wheelchairs" program. For every bottle of a certain wine or every case of wine you buy, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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