Wednesday, October 19, 2011

DailyMarkets.com - The Rust Belt Comes Back To Life: Shale Gas Revolution Could Bring 200,000 Jobs To Ohio

DailyMarkets.com - The Rust Belt Comes Back To Life: Shale Gas Revolution Could Bring 200,000 Jobs To Ohio

The Rust Belt Comes Back To Life: Shale Gas Revolution Could Bring 200,000 Jobs To Ohio

Posted: 19 Oct 2011 05:00 PM PDT

Steubenville, Ohio = “Little Saudi Arabia”

video platformvideo managementvideo solutionsvideo player

ABC NEWS — “Steubenville, Ohio, may not look like a city sitting on a multi-billion dollar industry. Unemployment here reached 15 percent in 2010, and a now-shuttered steel mill — which was once the lifeline of the Steubenville economy — is now just a painful reminder of what used to be. While the old way is gone for good — a new way has already changed lives.

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

Forex – EUR/USD Edges Up In Early Asian Trade

Posted: 19 Oct 2011 04:36 PM PDT

Forexpros –
Forexpros – The euro moved marginally higher against the U.S. dollar in Asian trade Thursday, as a report from the Federal Reserve suggested that the U.S. economy maintained a steady, if weak, recovery.

EUR/USD hit 1.3771 in early Asian trade, the day's high; the pair subsequently consolidated at 1.3768, adding 0.06%.

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

In its Beige Book survey released Wednesday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 19 Oct 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3764, up 0.03% at time of writing.

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

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8726 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lytro Launches Light Field Camera

Posted: 19 Oct 2011 03:58 PM PDT

10/19/11 The Lytro unveiled its innovative pocket- sized camera. The first consumer light field camera lets users snap a photo and refocus on the image … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cycles Produce One Of The Most Powerful Signals Part One

Posted: 19 Oct 2011 03:46 PM PDT

Cycles are very powerful. When you find a price series that has a controlling dominant cycle, all one needs to do to profit from it is execute a timing method on the price series change in line with the cycle. However cycles do have an powerful signal that is a little harder to market time.

Part One: Describes the signal
Part Two: Where we expect the signal to occur next.

First we re post the chart below from our Jim Hurst method education page.

The powerful signal I refer to is when … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 19 Oct 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7930, up 0.15% 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 up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.05% to hit 1.2904 and EUR/NZD falling 0.11% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Apple Disappoints

Posted: 19 Oct 2011 03:33 PM PDT

Cusick’s Corner
Headlines ranging from EU indecision, flight to the Greenback, UUP, and disappointing AAPL earnings weighed on the market enough to take them to the worst levels of the session. It’s worth noting that the market is holding mid-term support, 50-Day Moving Average, and Tech is holding the 200-Day longer term support. However, the S&Ps and Small Caps need to pick it up if the bulls will continue to carry the momentum to the upside. I know this sounds a little confusing but the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – AT&T, Capital One, Chipotle, Eli Lilly, Microsoft; US Existing Home Sales, Jobless Claims, Philadelphia Fed Survey, Leading Indicators; German PPI, Euro-zone Consumer Confidence

Posted: 19 Oct 2011 03:20 PM PDT

10/19/11 Earnings and US housing data will continue to be in focus. In addition, initial jobless claims will be closely watched on Thursday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Nucor Corp.

Posted: 19 Oct 2011 03:10 PM PDT

Nucor Corporation (NYSE:NUE) will release its results for the third quarter of 2011 before the market opens on October 20, 2011.
Nucor reported a stupendous increase in profit to $299.8 million or 94 cents per share in the second quarter of 2011, surpassing the Zacks Consensus Estimate by 81 cents per share.
In the upcoming quarter, the Zacks Consensus Estimate is pegged at a profit of 51 cents per share, reflecting an annualized growth of 625.71%.
With respect to earnings surprises, the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cat Loss Fells Travelers Companies

Posted: 19 Oct 2011 03:05 PM PDT

The Travelers Companies (NYSE:TRV) reported operating earnings of 79 cents per share in the third quarter, lagging the Zacks Consensus Estimate by 20 cents. Results were far behind earnings of $1.81 in the prior year quarter. The operating income was $332 million, comparing unfavorably with earnings of $858 million in the third quarter of 2010.
The decline was primarily due to underwriting losses stemming from higher catastrophe losses.
Including net realized investment gains of $1 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Obtains New Credit Facility

Posted: 19 Oct 2011 02:55 PM PDT

Ventas Inc. (NYSE:VTR), a premier healthcare real estate investment trust (REIT), has recently obtained a new four-year unsecured revolving credit facility worth $2 billion to replace its existing $1 billion credit facility that was scheduled to mature in April 2012.
The new credit facility bears an interest rate at 125 basis points over LIBOR, while the previous credit facility was priced at 280 basis points over LIBOR.
The new credit facility is scheduled to mature in October 2015 and has an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Raises Optimism For 2H11

Posted: 19 Oct 2011 02:40 PM PDT

Yesterday, DaVita Inc. (NYSE:DVA) announced the estimates for its third-quarter earnings and raised the operating income guidance for 2011.
The company expects its third-quarter operating income to be in the range of $314–322 million and earnings per share from continuing operations to be between $1.43 and $1.48, based on substantial volume growth and reduced operating costs. The estimates exclude special items.
Improved clinical practices and physicians' reaction to the new FDA label for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Stays Neutral

Posted: 19 Oct 2011 02:40 PM PDT

We have reiterated our Neutral recommendation on Marsh & McLennan Cos. Inc. (NYSE:MMC) based on its sustainable operating leverage. However, high pension costs, integration expenses and weak global cues continue to impact the highly optimistic outlook in the near term.
Marsh & McLennan reported its second quarter operating earnings of 50 cents per share, a couple higher than the Zacks Consensus Estimate of 48 cents but significantly higher than the loss of 6 cents per share reported in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Danaher Corp.

Posted: 19 Oct 2011 02:35 PM PDT

Danaher Corporation (NYSE:DHR) 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 70 cents a share. For the quarter under review, revenue is $4.5 billion, according to the Zacks Consensus Estimate.
Second-Quarter 2011, a Synopsis
Danaher reported earnings from continuing operations of 65 cents, below the Zacks Consensus Estimate of 67 cents. Earnings for the quarter were up 23% compared with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are We There Yet?

Posted: 19 Oct 2011 02:31 PM PDT

(Image: source.)
Like children sitting anxiously in the back of the car on a long journey, many people — especially those “experts” who failed to see financial Armageddon coming or how bad it would be — keep asking if we are there yet — with “there” being the long-awaited economic recovery.
Well, if history is any guide, they might want to get their blankies out, because odds are that we still have a long (and depressing) ride ahead of us. According to a new paper, summarized by Globe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Oil & Gas Industry Outlook

Posted: 19 Oct 2011 02:25 PM PDT

OUTLOOK

Crude Oil

Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85 a barrel.

Apprehensions about high U.S. crude stocks, the release of emergency oil supplies from government-held strategic reserves into the world market, and uncertainty over oil supply disruptions in the Middle East have added to the negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AutoNation

Posted: 19 Oct 2011 02:22 PM PDT

AutoNation Inc. (NYSE:AN) announced that it would release its results for the third quarter of 2011 before the market opens on October 20, 2011. Fort Lauderdale, Florida-based AutoNation realized earnings per share of 49 cents in the second quarter, which were slightly higher than the Zacks Consensus Estimates of 47 cents.
In the upcoming quarter, the Zacks Consensus Estimate for AutoNation is pegged at a profit of 48 cents per share, reflecting an annualized growth of 23.08%. The upside potential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Thursday, Oct 20th

Posted: 19 Oct 2011 02:17 PM PDT

( click to enlarge )

Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) – If its support of $64.14 is broken on a close basis then the chances of stock touching the level of $40 becomes high. The internal indicators ( KD, MACD and RSI ) are moving down and in the world of technical analysis, that is not good. Buy only when the stock reverses from the support.

( click to enlarge )

Tellabs, Inc. (NASDAQ:TLAB) – Share price has been moving in a range since June. A break above $4.65 on a close basis could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RLI Corp. Tops On Higher Premium

Posted: 19 Oct 2011 02:10 PM PDT

RLI Corp. (NYSE:RLI) reported third-quarter 2011 operating earnings of $1.23 per share, beating the Zacks Consensus estimate by 24 cents. Operating earnings were 3.4% ahead of $1.19 earned in the year-ago period.
Operating earnings for the quarter were $26.2 million, up 4.8% year over year. The improvement over the prior-year quarter may primarily be attributable to a significant improvement in Casualty underwriting income, which increased almost threefold over the prior year.
Third-quarter 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Union Upgraded To Outperform

Posted: 19 Oct 2011 02:06 PM PDT

We are upgrading our recommendation on Western Union Co. (NYSE:WU) to Outperform from Neutral before its third quarter earnings release as we believe that the leading global money transfer company is set to benefit from a growing remittances market.
Western Union's key business, Consumer-to-Consumer, accounting for more than four-fifth of total revenues, has been witnessing growth for the past several years except 2009, which was adversely affected by the economic crisis. We believe that this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Drops More Than 72 Points As EFSF Expansion Talks Stall And As The Fed’s Outlook On The Economy Weakens

Posted: 19 Oct 2011 09:00 AM PDT

10/18/11 NYFP’s Closing Bell Report: The Big Board reported a 72 point loss today as EFSF expansion plan talks stalled between Germany and France while the Fed Beige Book painted a not so bright outlook for the US … [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: 19 Oct 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

EUR/USD was trading at 1.3758, up 0.03% 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, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

Analysts had expected U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Washington DC Has Highest Median Household Income, As Wall Street Moved To K Street. OKS?

Posted: 19 Oct 2011 01:54 PM PDT

Political Capital Is Now Richer Than Tech Capital 

BLOOMBERG — “Federal employees whose compensation averages more than $126,000 and the nation's greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson To Close Hudson Plant

Posted: 19 Oct 2011 01:52 PM PDT

Johnson Controls Inc. (NYSE:JCI) decided to close its plant in Hudson, Wisconsin that manufactures seats for Ford Motor Co.’s (NYSE:F) Ford Ranger plant in St. Paul, Minnesota, which will be closed down on December 19, 2011.
Ford decided to close the St. Paul plant as it is discontinuing the Ranger lineup in the U.S. in order to focus on fuel-efficient versions of the F-150 pickup. The closure of the 86-year-old facility will affect 800 jobs.
The closure of Johnson's Hudson plant would lead to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BNY Mellon Reports In Line

Posted: 19 Oct 2011 01:40 PM PDT

The Bank of New York Mellon Corporation's (NYSE:BK) third-quarter 2011 earnings of 53 cents per share were in line with the Zacks Consensus Estimate. Though this compares unfavorably with earnings of 59 cents per share in the prior quarter, it is ahead of 51 cents recorded in the prior-year quarter.
BNY Mellon's results reflected improved interest income, lower operating expenses and strong capital ratios. However, reduction in fee revenue and lower net interest margin were the negatives. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper Delivers Mixed 3Q

Posted: 19 Oct 2011 01:40 PM PDT

Juniper Networks Inc. (JNPR) posted adjusted earnings per share (EPS) of 19 cents in the third quarter of 2011, missing the Zacks Consensus Estimate by a penny.
Revenues
Juniper Networks' revenues rose 9.0% year over year to $1.11 billion in the reported quarter. The company generated 77.9% of its consolidated quarterly revenue from product sales, while the remaining 22.1% came from service revenues. Both product and services revenues increased 7.6% and 15.4%, respectively, from the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northern Trust Lags Estimates

Posted: 19 Oct 2011 01:40 PM PDT

Northern Trust Corporation's (NASDAQ:NTRS) third-quarter 2011 earnings of 71 cents per share outpaced the Zacks Consensus Estimate by 1 cent per share. The increase was marked by higher net interest income and improved client network.
In the third quarter of 2011, earnings per share were impacted by restructuring, acquisition, and integration related expenses. The related pre-tax expense summed up to $4.2 million ($2.9 million after tax, or 1 cent per common share).
In the prior quarter and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hospira Trims Outlook

Posted: 19 Oct 2011 01:40 PM PDT

Hospira Inc.'s (NYSE:HSP) third quarter 2011 adjusted preliminary earnings of $0.66 per share were in line with the Zacks Consensus Estimate. The projected adjusted earnings for the third quarter, for which detailed results will be announced on October 26, 2011, before the start of trading, were  shy of the year ago adjusted earnings by $0.08.
The weak preliminary earnings for the third quarter were attributable to the slowdown in production at the company's facility in Rocky Mountain, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Core CPI.

USD/JPY was trading at 76.82, up 0.001% at time of writing.

The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

Analysts had expected … [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: 19 Oct 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

EUR/USD was trading at 1.3748, down 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, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

Earnings Preview: EnCana

Posted: 19 Oct 2011 01:15 PM PDT

Canada's largest natural gas producer EnCana Corp. (NYSE:ECA) is scheduled to report its third quarter 2011 results on October 20, before the opening bell.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 8 cents per share on revenue of $1.687 billion.
Second Quarter Recap
EnCana reported impressive second quarter results, reflecting strong natural gas and liquids output based on efficient operational activities and competent workforce.
The company's operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.63%

Posted: 19 Oct 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.63%, the S&P 500 index shed 1.26%, while the Nasdaq 100 index declined 2.03%.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

Analysts had expected U.S. core CPI to rise 0.2% last month.

Meanwhile, across the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J. C. Penney Offloads Stores

Posted: 19 Oct 2011 01:00 PM PDT

As a part of its strategy to exit the outlet store business by the end of 2012, J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently sold 15 outlet stores to SB Capital Group, an associate of the Schottenstein family of companies, for an undisclosed amount, reported by Business Journal.
Columbus, Ohio-based SB Capital Group hinted that the stores acquired will undergo a complete makeover and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CONX: Attractive Entry Point. Initiating At Outperform

Posted: 19 Oct 2011 12:55 PM PDT

CONX: Attractive Entry Point. Initiating At Outperform

Brain Marckx, CFA

We have initiated coverage of Corgenix Medical (CONX) with an Outperform rating and $0.50 per share price target.  See below for access to our full 17-page report on the company which includes further discussion about the company, their products and various business segments, and our financial model and valuation methodology.    

BUSINESS
A pioneer in the field of antiphospholipid antibody detection, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

M&T Lags Zacks Estimates

Posted: 19 Oct 2011 12:55 PM PDT

M&T Bank Corporation's (NYSE:MTB) third quarter 2011 operating earnings of $1.53 per share were significantly below the Zacks Consensus Estimate of $1.67.
Earnings also lagged earnings of $2.16 per share in the prior quarter and $1.55 in the year-ago period.
Quarterly results were aided by an increase in net interest income and non-interest income coupled with substantially lower provision for credit losses. However, an increase in expenses was on the downside.
On a GAAP basis, M&T Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Renews Spin-off Plan

Posted: 19 Oct 2011 12:55 PM PDT

In a revised plan outlined by Williams Companies' (NYSE:WMB) board of directors,the company will move ahead with the proposed separation of its exploration and production business, delaying plans for an initial public offering (IPO) for the separated part.
Per the new strategy, Williams will go for a tax-free spin-off by the end of 2011, forming two stand-alone, publicly traded corporations. The newly formed exploration and production business, named WPX Energy, Inc, will trade on the New York … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

GBP/USD was trading at 1.5771, up 0.37% at time of writing.

The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5853, Friday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

Markets NOT In Everything: No Gas From 11pm-7 Am

Posted: 19 Oct 2011 12:51 PM PDT

From Gary North:

“In 48 states, customers are allowed to pump their own gasoline. In 48 states, filing station attendants no longer exist as a profession. Labor costs are lower. These savings are passed on to customers in the form of lower gasoline prices.

In Oregon, any convenience store that sells gasoline must hire a gasoline attendant. So, there are fewer convenience stores acting as sellers of gasoline. This law restricts entry into the field.

Because there are few customers from 11 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USB Perks Up YoY On Low Credit Losses

Posted: 19 Oct 2011 12:40 PM PDT

U.S.Bancorp (NYSE:USB) reported its third-quarter 2011 earnings of 60 cents per share, a penny lower than the Zacks Consensus Estimate of 61 cents. However, results were flat from earnings per share 60 cents in the prior quarter but surged from 45 cents reported in the year-ago quarter.
U.S. Bancorp's revenues came in at $4.8 billion, up 4.5% year over year, also exceeding the Zacks Consensus Estimate of $4.72 billion. The year-over-year increase was primarily driven by growth in both net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PNC Profit Shoots, Top Line Topples

Posted: 19 Oct 2011 12:40 PM PDT

PNC Financial Services Group Inc.'s (NYSE:PNC) third-quarter 2011 adjusted earnings of $1.55 per share were ahead of the Zacks Consensus Estimate of $1.49. Results also compared favorably with adjusted earnings of $1.45 per share in the prior-year quarter.
Consequently, reported net income increased 8% year over year to $834 million. A substantial contraction in the provision for credit losses, a strong balance sheet and improved credit quality were attributed to the results. Moreover, decreased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apollo Beats, Revises 2012 Outlook

Posted: 19 Oct 2011 12:35 PM PDT

Apollo Group Inc. (NASDAQ:APOL), one of the world's largest private education providers, reported earnings of $1.02 per share excluding one-time items for fourth-quarter 2011, down 22.1% from the prior-period earnings of $1.31. However, earnings surpassed the Zacks Consensus Estimate of 93 cents a share.
On a reported basis, including one-time items, earnings came in at $1.37 a share compared with earnings per share of 32 cents in the prior-year quarter.
Apollo delivered total revenue of $1,122.1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Host Hotels

Posted: 19 Oct 2011 12:30 PM PDT

Host Hotels & Resorts Inc. (NYSE:HST) reported third quarter 2011 FFO (funds from operations) of $112 million or 16 cents per share compared with $75 million or 11 cents per share in the year-earlier quarter.The third quarter 2011 FFO missed the Zacks Consensus Estimate by a penny.
Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on Core CPI.

USD/CHF was trading at 0.9031, up 0.49% at time of writing.

The pair was likely to find support at 0.8882, Monday's low, and resistance at 0.9048, Tuesday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

Markets NOT In Everything: No Cash Sales In LA

Posted: 19 Oct 2011 12:20 PM PDT

KLFY-TV –  “Cold hard cash. It’s good everywhere you go, right? You can use it to pay for anything. But that’s not the case here in Louisiana now. It’s a law that was passed during this year’s busy legislative session.

“House Bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don’t even know about it. Besides non-profit resellers like Goodwill, and garage sales, the language of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Amgen

Posted: 19 Oct 2011 12:15 PM PDT

Biotechnology giant Amgen Inc. (NASDAQ:AMGN) is scheduled to unveil its third quarter 2011 results on October 24, 2011. The Zacks Consensus Estimate for the third quarter is $1.26 (year-over-year decrease of 6.67%) on revenues of $3,870 million (year-over-year increase of 1.42%).
Second Quarter Flashback
Amgen reported second quarter earnings per share of $1.35, $0.05 above the Zacks Consensus Estimate and 0.7% above the year-ago earnings. Total revenues increased 4% to $3,959 million in the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Housing, Healthcare & Core Inflation

Posted: 19 Oct 2011 12:10 PM PDT

While headline inflation has been running hotter than the Fed (and most people) would like to see it, “core” inflation has been well behaved. The key reason why the core CPI has been low of late is the cost of shelter.

Owner’s Equivalent Rent

Housing prices are not measured directly through a housing price index like the Case-Schiller index. Instead, the government tries to measure just how much it would cost you to rent a house equivalent to the house you own next door to it. This is known … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 19 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core CPI.

USD/CAD was trading at 1.0205, up 0.63% 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, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

The Austerity Death-Trap

Posted: 19 Oct 2011 11:59 AM PDT

Ron Paul's newly-unveiled economic plan – promising to cut $1 trillion from the federal budget in year one (presumably that means 2013) – is only slightly more ambitious than what we're hearing from other Republican candidates. They're all calling for major spending cuts starting fifteen months from now. 
What are they smoking?
Can we just put ideology aside for a moment and be clear about the facts? Consumer spending (70 percent of the economy) is flat or dropping because … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FIW, GASL

Posted: 19 Oct 2011 11:45 AM PDT

Weekly update on the First Trust ISE Water Index Fund ETF and Direxion Daily Natural Gas Related Bull 2x … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FIW, GASL

Posted: 19 Oct 2011 11:45 AM PDT

Weekly update on the First Trust ISE Water Index Fund ETF and Direxion Daily Natural Gas Related Bull 2x … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Oct 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

EUR/USD was trading at 1.3746, down 0.05% 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, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

Forex – AUD/USD Down In U.S. Trade

Posted: 19 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

AUD/USD was trading at 1.0241, down 0.22% 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 core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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

“Trading On Light Volume…in Tight Range”

Posted: 19 Oct 2011 05:25 AM PDT

10/19/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the latest batch of earnings reports and economic data, along with the latest developments in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk Appetite In Forex Markets Still Strong On Positive US Data

Posted: 19 Oct 2011 05:00 AM PDT

10/19/11 An improvement in US housing and consumer prices led the way for another rise in risk appetite, pushing the euro currency trading higher this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Trade In Narrow Range On Data, Earnings

Posted: 19 Oct 2011 03:00 AM PDT

10/19/11 The major equity averages turned mixed on better-than-expected housing starts and higher inflation data. Earnings came in mixed, with Apple shares down after missing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Trading Higher, Above $89, On Weaker Dollar And EFSF Expansion Reports

Posted: 19 Oct 2011 02:00 AM PDT

10/19/11 Despite uncertainty concerning the amount, reports concerning an expansion of the EFSF teamed with a slide in the US dollar helped front month crude prices trade above $89 this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Markets Rise, EFSF Expansion Amount In Question, & Apple In Focus

Posted: 19 Oct 2011 01:15 AM PDT

10/19/11 NYFP’s Morning Market Brief: Global markets rose despite questions arising about the amount of the EFSF expansion. Meanwhile, Apple is in question following a weak earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 19 Oct 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The weak close in the FTSE has put the index in a position to break further and also sends a signal that an important top may be forming. Wednesday's rally completed a retracement of the week's range and the subsequent sell-off has put the market in a position to weaken further. This move is likely to be triggered when the bottom at 5348.60 is violated.

With the index still feeling the pressure from Monday's closing price reversal top, sellers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, October 20, 2011

Posted: 19 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, October 20, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1206.50
− 1.35
1208.33
1203.83

Neutral

Dow Jones – Dec YMZ1
11444
− 0.67
11433
11452

Neutral

Nasdaq – Dec NQZ1
2318.00
− 1.94
2335.31
2322.75

Bearish

Russell – Dec TFZ1
694.60
− 2.03
696.22
695.53

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
139-15
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, October 20, 2011

Posted: 19 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, October 20, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.77
− 3.65
9.88
10.14

Bearish

AXP – American Express Company
46.13
− 1.18
46.02
46.07

Bullish

BA – Boeing Co
63.11
− 0.57
62.88
63.96

Neutral

BAC – Bank of America Corporation
6.40
− 3.61
6.40
6.35

Bullish

CAT – Caterpillar Inc
83.56
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, October 20, 2011

Posted: 19 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, October 20, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0223
− 0.37
1.0240
1.0143

Neutral

EURUSD – Euro / US Dollar
1.3759
+ 0.06
1.3772
1.3716

Neutral

GBPUSD – British Pound / US Dollar
1.5772
+ 0.39
1.5755
1.5732

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0199
+ 0.57
1.0170
1.0195

Bullish

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

The Trend Trader For ETF Trading On Thursday, October 20, 2011

Posted: 19 Oct 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, October 20, 2011

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.41
+ 0.15
109.31
108.99

Bullish

BND – Vanguard Total Bond Market ETF
83.27
+ 0.26
83.12
82.90

Bullish

DBC – DB Commodity Index Tracking Fd
27.08
− 1.96
27.43
27.45

Bearish

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

Daily Indices Update: USTEC

Posted: 19 Oct 2011 03:32 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
A failed attempt to breakout to the upside early in the trading session led to a sell-off in the USTEC, violating the support line of a 240-minute triangle chart pattern and triggering the start of a possible break into the Autochartist target zone at 2207.09 to 2053.51.

The overall quality of this chart pattern is 6-bars. The 10-bar initial trend was down at the onset of the chart pattern. In addition, the maximum rating suggests a strong trend. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Wheat

Posted: 19 Oct 2011 02:32 AM PDT

By ForexMansion.com
By Jonah S. Ford
Wheat futures traded in a narrow range to finish Wednesday's session at the mid-point of a large Triangle chart pattern, illustrated here on the 240-minute time frame. This pattern has been developing since the major price decline began at the end of August and has now established a solid support level for the price to stabilize.

Wheat tested the support level at $6.15 per bushel on the last swing lower and is now headed towards resistance at the $6.35 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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