Tuesday, October 18, 2011

DailyMarkets.com - Southwest Airlines Visa Credit Card – 50,000 Points Signing Bonus Now!

DailyMarkets.com - Southwest Airlines Visa Credit Card – 50,000 Points Signing Bonus Now!


Southwest Airlines Visa Credit Card – 50,000 Points Signing Bonus Now!

Posted: 18 Oct 2011 07:34 AM PDT

We are excited to announce that Southwest Airlines (NYSE:LUV) and Chase (NYSE:JPM) are offering an incredible time-limited offer for their Southwest Rapid Rewards Plus Credit Card for new sign-ups. You will receive 50,000 points, redeemable for 2 free round-trip flights, when you make your first purchase with this card. This new promotion gives twice as much signing bonus as the old offer, so if you frequently fly on Southwest Airlines, now is the time for you to take advantage of this offer. Apart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Vertex’ Incivek Available In Canada

Posted: 18 Oct 2011 06:16 AM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently announced the availability of Incivek (telaprevir) in Canada, for treating patients with genotype 1 chronic hepatitis C (HCV) with compensated liver disease, including cirrhosis (scarring of the liver). We note that even though the liver is damaged in patients with compensated liver disease, the liver continues to function.
The drug is to be used in combination with pegylated-interferon and ribavirin for the treatment of HCV in both treatment-naïve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Brigham Exploration Company, El Paso, Halliburton Company, K-Swiss, Navistar International, Orbitz Worldwide, Research In Motion Limited, Sun Life Financial Incorporated, StatoilHydro ASA, Wells Fargo & Company

Posted: 18 Oct 2011 06:11 AM PDT

    Norwegian oil company Statoil ASA (ADR) (NYSE:STO) said it would purchase Brigham Exploration Company (NASDAQ:BEXP) in a deal valued at $4.4 billion in cash. Following this development, shares of  Brigham Exploration increased 21.05% to close at $36.75

    Share prices of natural gas pipeline operator El Paso Corp. (NYSE:EP) advanced 24.81% after Kinder Morgan Inc. (KMI)  agreed to buy El Paso in a deal worth around $21 billion

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


Earnings Preview: Apple Inc.

Posted: 18 Oct 2011 06:05 AM PDT

Apple Inc. (NASDAQ:AAPL) is scheduled to release its fourth quarter 2011 results after the market closes on Tuesday, October 18, 2011. In the run up to the earnings results, we have noticed analysts raising their estimates over the past few days, and considering the past trends we continue to believe another earnings beat is on the cards.
Prior Quarter Recap
Apple's third quarter earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%). Apple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lowe’s Closes Stores, Eyes Growth

Posted: 18 Oct 2011 05:50 AM PDT

Lowe's Companies Inc. (NYSE:LOW), in its streak to optimize its financial performance, recently announced measures to enhance its growth prospects by dipping investment in sections of the company that no longer contributes significantly to its growth.
Moreover, Lowe's will be cutting new store growth targets in North America from 2012 onward. Lowe's now expects to open 10 to 15 stores per year in North America, nearly half of its previous forecast. However, the company stood by its earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Mixed Amid E.Z. Concerns; Dow Jones Down 0.30%

Posted: 18 Oct 2011 05:37 AM PDT

Forexpros – U.S. stock futures pointed to a mixed open on Tuesday, as renewed concerns over the handling of the financial crisis in the euro zone weighed on market sentiment.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.30%, S&P 500 futures signaled a 0.13% drop, while the Nasdaq 100 futures indicated a 0.26% rise.

Market sentiment weakened on Monday, after Germany’s finance minister Wolfgang Schaeuble said the upcoming European summit on October 23 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. PPI Rises More-than-expected In September

Posted: 18 Oct 2011 05:36 AM PDT

Forexpros – Producer price inflation in the U.S. rose more-than-expected in September, official data showed on Tuesday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.8% in September, significantly higher than expectations for a 0.2% increase and up from a flat reading in August.

Year-over-year, the producer price index rose at an annualized rate of 6.9% in September, after advancing at a rate of 6.5% in August, above expectations for a 6.4% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Boost For DISH Network

Posted: 18 Oct 2011 05:31 AM PDT

Yesterday, DISH Network Corp. (NASDAQ:DISH) received a shot on its arm as Moody's Investors Service raised several credit ratings of the company. DISH's corporate family rating was upgraded from "Ba3" to "Ba2". The probability of default rating is raised from "Ba2" to "Ba1", and debt securities rating upgraded from "Ba3" to "Ba2". Moody's confirmed an overall "Stable" rating outlook for DISH Network. However, all these upgraded ratings are still below the investment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Freeport-McMoRan

Posted: 18 Oct 2011 05:26 AM PDT

Metals and mining powerhouse, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), announced that it would release its results for the third quarter of 2011 before the market opens on October 19, 2011.
Freeport-McMoRanearned a profit of $1.43 per share in the second quarter of 2011, outshining the Zacks Consensus Estimate of $1.34. In the upcoming quarter, the Zacks Consensus Estimate for Freeport is expected to be $1.15 per share, reflecting an annualized decline of 7.92%.
With respect to earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Virgin Media Remains Neutral

Posted: 18 Oct 2011 05:05 AM PDT

Virgin Media Inc. (NASDAQ:VMED) reported mixed financial results for the second quarter of 2011. The company lost 36,000 cable subscribers in the previous quarter, but those who still subscribes to Virgin Media's services have shown their preference for its high-margin bundled services. As a result, the company's bottom line improved significantly.  The company's bundled service offerings are receiving increasing market traction. At the end of the last quarter, triple-play and quad-play … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Random Thoughts From Thomas Sowell

Posted: 18 Oct 2011 05:03 AM PDT

“People who live within their means are increasingly being forced to pay for people who didn’t live within their means — whether individual home buyers here or whole nations in Europe.”

“Politicians can solve almost any problem — usually by creating a bigger problem. But, so long as the voters are aware of the problem that the politicians have solved, and unaware of the bigger problems they have created, political “solutions” are a political success.”

“Do people who advocate special … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil To Follow Stocks Lower, Gold Sets Sights On Bernanke Speech

Posted: 18 Oct 2011 05:02 AM PDT

Talking Points

Crude Oil Under Pressure as EU Debt Crisis Fears Stoke Risk Aversion
Gold Looks to Shake Off Standstill, Focus Turns to Ben Bernanke Speech

WTI Crude Oil (NY Close): $86.38 // -0.42 // -0.48%
Crude oil prices are following the spectrum of risky assets lower amid fading optimism in the ability of EU policymakers to deliver on a comprehensive solution to the region's debt crisis by the October 23 deadline set at the weekend's summit of G20 finance ministers. Germany poured … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down Amid Fragile Market Sentiment

Posted: 18 Oct 2011 04:57 AM PDT

Forexpros – The pound remained lower against the U.S. dollar on Tuesday, as market sentiment remained fragile amid ongoing concerns over the debt crisis in the euro zone and the pessimistic outlook for growth in the U.K.

GBP/USD hit 1.5696 during European afternoon trade, the pair's lowest since October 13; the pair subsequently consolidated at 1.5713, shedding 0.18%.

Cable was likely to find short-term support at 1.5664, the low of October 13 and resistance at 1.5820, the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Soybean Futures Fall As China GDP, U.S. Crop Outlook Weigh

Posted: 18 Oct 2011 04:49 AM PDT

Forexpros – Soybean futures were down sharply for a second day on Tuesday, slumping to a four-day low after official data showed that China's economy grew at the slowest pace since 2009, while easing concerns over U.S. soybean crops also weighed.

On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD12.2975 a bushel during European morning trade, tumbling 1.86%.

It earlier fell by as much as 1.98% to trade at USD12.2813 a bushel, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Higher On Fresh E.Z. Debt Concerns

Posted: 18 Oct 2011 04:30 AM PDT

Forexpros – The U.S. dollar was up against the Swiss franc on Tuesday, hitting a three-day high as renewed concerns over the worsening debt crisis in the euro zone boosted demand for safe haven dollar.

USD/CHF hit 0.9032 during early European trade, the pair’s highest since October 13; the pair subsequently consolidated at 0.9014, rising 0.24%.

The pair was likely to find support at 0.8789, the low of September 20 and resistance at 0.9216, the high of October 3.

Hopes for a definitive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down As Market Sentiment Weakens

Posted: 18 Oct 2011 04:23 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Tuesday, as concerns over the debt crisis in the euro zone intensified ahead of an upcoming European Union summit and while negative market news also weighed on sentiment.

EUR/USD hit 1.3657 during European afternoon trade, the pair's lowest since October 12; the pair subsequently consolidated at 1.3681, shedding 0.40%.

The pair was likely to find support at 1.3582, the low of October 12 and resistance at 1.3913, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Futures Tumble After China GDP Disappoints

Posted: 18 Oct 2011 03:39 AM PDT

Forexpros – Copper futures were down sharply on Tuesday, dropping to a four-day low after data showed that China's economy grew at the slowest pace in two years, sparking fears over a slowdown in demand for the industrial metal.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.301 a pound during European morning trade, tumbling 2.28%.

It earlier fell by as much as 2.9% to trade at USD3.272 a pound, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Hits One-week Low After German ZEW

Posted: 18 Oct 2011 03:25 AM PDT

Forexpros – The euro extended losses against the pound on Tuesday, falling to a one-week low after a report showed that the ZEW index of German economic sentiment fell to its lowest level since November 2008.

EUR/GBP hit 0.8691 during European morning trade, the pair's lowest since October 11; the pair subsequently consolidated at 0.8699, shedding 0.30%.

The pair was likely to find support at 0.8651, the low of September 26 and resistance at 0.8764, the high of October 11.

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


EURUSD: Halts Corrective Recovery But Maintains Above Key Support (Special Focus)

Posted: 17 Oct 2011 06:08 PM PDT

By ForexMansion.com
EURUSD: The pair reversed its Friday gains on Monday halting its recent recovery strength and turning its immediate risk to the downside. However, while this occurs above the 1.3690 level, its Sept 28'2011 high, there is risk of a return to 1.3937 level, its Sept 15'2011 high. This will bring further upside gains towards its big psycho level at 1.4000 and then the 1.4283 level, its Sept 06'2011 high. On the downside, the risk to this analysis will be for the pair to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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