Tuesday, November 1, 2011

DailyMarkets.com - Citi Diamond Preferred Credit Card – $200 Signing Bonus & 18 Month 0% APR

DailyMarkets.com - Citi Diamond Preferred Credit Card – $200 Signing Bonus & 18 Month 0% APR


Citi Diamond Preferred Credit Card – $200 Signing Bonus & 18 Month 0% APR

Posted: 01 Nov 2011 07:34 AM PDT

We are excited to tell you that Citi (NYSE:C) has just launched its second time-limited credit card promotion this month, the Citi Diamond Preferred Card, with which you'll earn a $200 statement credit when you spend $500 within the first 3 months, and enjoy a 0% introductory APR on balance transfers and purchases during the first 18 months. This is an exclusive deal only for readers of DailyMarkets.com, and is a great offer in my opinion, as most credit cards that offer a long interest-free … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Continues Slide Lower. 1.3603 Is The Next Channel Target

Posted: 01 Nov 2011 06:32 AM PDT

The EURUSD has continued to slide in NY trade as Greek referendum threatens the Eurozone Greek rescue.  If the referendum vote is "No" a full Greek default cannot be ruled out.  

The EURUSD is now trading below the lows from mid October (below 1.3652-55).  This is now topside resistance for the pair.  On the daily chart the next target for the pair comes in at the 1.3565 level which is the 61.8% of the October rally.  
Before … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SM Energy Grows Overall, Yet Misses

Posted: 01 Nov 2011 06:16 AM PDT

SM Energy Company's (NYSE:SM) third-quarter 2011 profit recorded a substantial jump on operating income that buoyed up on greater production as well as the recognition of a gain on divestiture operation related to the previously announced sale of its Eagle Ford shale properties.
Third quarter adjusted earnings of 63 cents per share more than doubled the year-ago earnings of 31 cents. The results however failed to meet the Zacks Consensus Estimate of 69 cents.
Total revenue of $530.6 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Allstate, Anadarko Petroleum, B&G Foods Holdings Corp., Duff & Phelps, Harbin Electric, Humana, Newell Rubbermaid, Union Drilling

Posted: 01 Nov 2011 06:11 AM PDT

    Allstate Corp. (NYSE:ALL) posted Q3 EPS of $0.32, surpassing the Zacks Consensus Estimate of $0.12 per share. Revenues for the quarter fell 1% year-over-year to $8.24 billion

    Anadarko Petroleum (NYSE:APC) reported Q3 EPS of $0.66, in line with the Zacks Consensus Estimate of $0.66. Revenues for the quarter rose 25.5% year-over-year to $3.20 billion

    Union Drilling (NASDAQ:UDRL) posted Q3 EPS of $0.03, marginally ahead of the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Greece Holds Euro Deal Hostage

Posted: 01 Nov 2011 06:05 AM PDT

A number of people had problems with buying into last week’s Euro-zone deal as a panecea for the problems ailing the common currency. Their concerns were mostly centered on the lack of details about how the bank recapitalizations would take place and how the rescue fund (EFSF) would get strengthened.

But those objections now seem almost trivial following the surprise announcement by the Greek government to hold a referendum on the issue. This announcement has overtaken … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Avalonbay Marginally Misses

Posted: 01 Nov 2011 06:05 AM PDT

Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 third quarter funds from operations (FFO) of $107.6 million or $1.17 per share compared with $84.5 million or 98 cents in the year-earlier quarter. 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.
The reported FFO for third quarter 2011 marginally missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Bearish Case For November 2011

Posted: 01 Nov 2011 06:00 AM PDT

A Bearish Case for November 2011
by Justin Dove, Investment U Research
Tuesday, November 1, 2011
What a ride we had in October…
This past October was the best month for stock market gains since October 1974 and the second best month for the S&P 500 since 1950.

(Courtesy: Oppenheimer & Co., Business Insider)

According to a Wall Street Journal article on Monday about the Stock Trader's Almanac, October was traditionally a strong month for the markets, despite precipitous drops seen … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Rallies As Greece Vote Fears Hit Risk Appetite

Posted: 01 Nov 2011 05:59 AM PDT

Forexpros – The U.S. dollar rallied against its major counterparts on Tuesday, as Greece's surprise call for a referendum on its latest bailout deal sparked fresh fears over the debt crisis in the euro zone, boosting safe haven demand.

During European afternoon trade, the dollar was sharply higher against the euro, with EUR/USD plunging 1.66% to hit 1.3626.

Risk appetite was hit by fears that Greece could move closer to a sovereign default, increasing the risk of contagion in global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Synovus Enters Profit Region

Posted: 01 Nov 2011 05:50 AM PDT

Last week, Synovus Financial Corp.(NYSE:SNV) reported third-quarter 2011 income attributable to common shareholders of 2 cents per share, a significant improvement from the loss of 25 cents per share reported in the year-ago quarter and 7 cents in the prior quarter. Moreover, the Zacks Consensus Estimate was a loss of 3 cents per share.
Net income was $15.7 million compared with a net loss of $195.8 million in the prior-year quarter and $53.5 million in the prior quarter. The recovery was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Futures Drop On E.Z. Uncertainty; Dow Jones Down 1.98%

Posted: 01 Nov 2011 05:49 AM PDT

Forexpros – U.S. stock futures pointed to a sharply lower open on Tuesday, as fresh concerns over the handling of the debt crisis in the euro zone weighed on market sentiment.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a drop of 1.98%, S&P 500 futures signaled a 2.98% plunge, while the Nasdaq 100 futures indicated a 2.52% decline.

Market sentiment weakened amid uncertainty over how the package of anti-crisis measures agreed on at last Thursday's European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Leap Posted Net Subscriber Growth

Posted: 01 Nov 2011 05:31 AM PDT

Yesterday after market close, Leap Wireless International Inc. (NASDAQ:LEAP) declared financial results for the third quarter of 2011, which fell below the Zacks Consensus Estimates. However, contrary to the consensus opinion, the company reported net subscriber addition in the previous quarter. Management remains hopeful regarding its business strategy for future subscriber growth. Consequently, in the after market trade in NASDAQ, stock price of Leap Wireless went up 78 cents (11.22%) to $7.73. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Extends Losses After Weak U.K. PMI Data

Posted: 01 Nov 2011 05:19 AM PDT

Forexpros – The pound extended losses against the U.S. dollar on Tuesday, falling to a four-day low after data showing a larger-than-expected contraction in U.K. manufacturing activity added to concerns over the outlook for the economy, despite stronger-than-expected third quarter growth.

GBP/USD hit 1.5900 during European early afternoon trade, the pair's lowest since October 26; the pair subsequently consolidated at 1.5930, tumbling 0.97%.

Cable was likely to find short-term support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Taxes & FX Dents BGC’s Profits

Posted: 01 Nov 2011 05:16 AM PDT

General Cable Corporation (NYSE:BGC) reported third-quarter 2011 earnings per share of 7 cents, below the Zacks Consensus Estimate of 72 cents. The earnings per share were below the prior-year earnings per share of 35 cents.
Excluding the impact of 10 cents per share of non-cash convertible debt interest expense and 16 cents per share of mark to market losses on financial derivatives, adjusted non-GAAP earnings per share came in at 33 cents in the quarter.
Foreign currency transaction losses due … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Get Less From Your Real Estate Agent

Posted: 01 Nov 2011 05:09 AM PDT

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TGI Beats, Raises EPS Guidance

Posted: 01 Nov 2011 05:05 AM PDT

On October 31, Triumph Group Inc. (NYSE:TGI) reported encouraging results for the second quarter of fiscal 2012. Second-quarter earnings per diluted share came in at $1.13, showing an improvement from 84 cents in the year-ago comparable quarter. Results also surpassed the Zacks Consensus Estimate of $1.04.
The improved result was driven by significant operating income growth and operating margin expansion generated in the Aerospace Systems segment as well as Aerostructures segment.
Revenue
In the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Corn Futures Drop On Dollar Strength, Improving U.S. Harvest

Posted: 01 Nov 2011 04:26 AM PDT

Forexpros – Corn futures were down on Tuesday, falling to a four-day low as a broadly stronger U.S. dollar and easing concerns over the U.S. corn crop harvest dragged down prices.

On the Chicago Mercantile Exchange, corn futures for December delivery traded at USD6.3463 a bushel during European morning trade, tumbling 1.85%.

It earlier fell by as much as 2% to trade at USD6.3413 a bushel, the lowest price since October 26.

The U.S. Department of Agriculture said in its weekly crop progress … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil, Gold Remain Under Pressure As US Dollar Pushes Higher

Posted: 01 Nov 2011 04:26 AM PDT

Talking Points

Crude Oil Facing Selling Pressure as Greece Fuels Risk Aversion Anew
Gold Outlook Hinges on US Dollar's Response to Sentiment Trends

WTI Crude Oil (NY Close): $93.19 // -0.13 // -0.14%
Crude oil prices are set to move lower as S&P 500 stock index futures tick aggressively lower ahead of the opening bell on Wall Street, pointing to a second day of losses for risky assets. The selloff follows news that Greek Prime Minister George Papandreou will put the new EU debt crisis … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Euro Tumbles Against Dollar, Dropping More Than 1%

Posted: 01 Nov 2011 04:08 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Tuesday, tumbling to an eight-day low amid fresh uncertainty over how the euro zone debt crisis might be resolved after Greece called for a referendum on its latest bailout deal.

EUR/USD hit 1.3673 during European late morning trade, the pair's lowest since October 20; the pair subsequently consolidated at 1.3902, falling 1.12%.

The pair was likely to find support at 1.3582, the low of October 12 and resistance at 1.3870, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Copper Futures Plunge On China PMI, Greek Debt Woes

Posted: 01 Nov 2011 03:42 AM PDT

Forexpros – Copper futures tumbled for a second day on Tuesday, as prices came under pressure after data pointed to a slowdown in Chinese manufacturing activity and amid fresh concerns over the debt crisis in the euro zone.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.501 a pound during European morning trade, plunging 3.61%.

It earlier fell by as much as 3.95% to trade at USD3.486 a pound, the lowest price since October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Trims Losses On Mixed U.K. Data

Posted: 01 Nov 2011 03:25 AM PDT

Forexpros – The euro trimmed losses against the pound on Tuesday, pulling back from a one-month low as mixed U.K. GDP and manufacturing activity data weighed on sterling.

EUR/GBP pulled back from 0.8565, the pair’s lowest since October 4 to hit 0.8591 during European morning trade, still down 0.26%.

The pair was likely to find support at 0.8532, the low of October 4 and resistance at 0.8647, the high of October 5.

Official data showed that the U.K. economy grew slightly more-than-expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Rallies Against Swiss Franc In Risk-off Trade

Posted: 01 Nov 2011 03:13 AM PDT

Forexpros – The U.S. dollar rallied to a seven-day high against the Swiss franc on Tuesday, as concerns over the latest plan to tackle the debt crisis in the euro zone boosted demand for the safe haven greenback.

USD/CHF hit 0.8906 during European morning trade, the pair’s highest since October 21; the pair subsequently consolidated at 0.8908, jumping 1.58%.

The pair was likely to find short-term support at 0.8728, the low of October 26 and resistance at 0.9037, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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