Tuesday, November 8, 2011

DailyMarkets.com - Crude Edges Lower In Early Asian Trade

DailyMarkets.com - Crude Edges Lower In Early Asian Trade

Crude Edges Lower In Early Asian Trade

Posted: 08 Nov 2011 04:53 PM PST

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Wednesday, following higher-demand forecasts from leading oil production groups and hopes for European stability following the reported resignation of Italy's prime minister.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD96.93 a barrel during early Asian trade, sagging 0.18%, after hitting a daily high of USD97.07.

On Tuesday, Italy's Parliament approved a routine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Still Having Trouble Going Through The 6.3480 Level.

Posted: 08 Nov 2011 04:34 PM PST

usd/cnh still trading in this downward trend but haven't broke through 6.3480 level and the top of the channel is starting to get … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Advances In Early Asian Trade

Posted: 08 Nov 2011 04:14 PM PST

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Wednesday, nearing a seven-week high and the psychologically important USD1,800 level on a weakening U.S. dollar and the expected resignation of Italy's prime minister.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,790.55 a troy ounce during early Asian trade, rising 0.24%, after hitting a low of USDS1,785.75.

On Tuesday, Italy's Parliament approved a routine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 08 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3826, down 0.06% at time of writing.

The pair was likely to find support at 1.3682, Monday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8586 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Modern Warfare 3 Descends Upon Fans

Posted: 08 Nov 2011 03:58 PM PST

11/08/11 Activision’s Call of Duty: Modern Warfare 3 debuted on Tuesday, much to the delight of diehard fans. The company’s Q3 earnings topped estimates, while it posted record digital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 08 Nov 2011 03:35 PM PST

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7976, down 0.11% at time of writing.

The pair was likely to find support at 0.7806, Thursday's low, and resistance at 0.7998, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.02% to hit 1.3016 and EUR/NZD rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Edges Lower In Early Asian Trade

Posted: 08 Nov 2011 03:35 PM PST

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in Asian trade Wednesday, after an earlier bump provided by the reported resignation of Italian Prime Minister Silvio Berlusconi.

EUR/USD hit 1.3827 in early Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.3830, falling 0.05%.

The pair was likely to find support at 1.3654, last Wednesday's low, and resistance at 1.3867, last Friday's high.

On Tuesday, Italy's Parliament … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Focus On EU Continues, Bernanke To Speak

Posted: 08 Nov 2011 03:20 PM PST

11/08/11 Developments in Italy and Greece will continue to be closely monitored. A slew of earnings and data will be digested, along with Bernanke’s speech at a Federal Reserve conference on Small … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Capital Backs RBC

Posted: 08 Nov 2011 03:05 PM PST

Yesterday, American Capital Ltd. (NASDAQ:ACAS) has announced an investment of $10 million in order to support RBC Capital Markets Corp.'s syndication of $75 million Second Lien Term Loan financing. The loan financing will aid Permira Advisors LLC to acquire Renaissance Learning Inc.
Renaissance Learning provides school improvement and student assessment programs, which are technology based for K-12 schools. The company’s programs are conducted in more than 70,000 schools across the U.S. These … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple-Samsung Under EU Review

Posted: 08 Nov 2011 03:05 PM PST

According to a recent report from news agency Reuters, smartphone makers Apple Inc. (NASDAQ:AAPL) and Samsung are facing strict scrutiny from the European Union's (EU) anti-trust department. EU regulators are currently investigating whether the smartphone makers have violated anti-trust laws.
Although the EU said that the investigation is a standard procedure to ensure whether the principle of fair, reasonable, and non-discriminatory (FRAND) licensing had been adhered to or not, legal experts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Final Chapter From Euro Zone Will Hurt Bad

Posted: 08 Nov 2011 02:53 PM PST

Sean Egan, of Egan Jones, appeared on CNBC’s Squawk Box this morning to pay penance for his truthiness and daring to open investor’s eyes to the reality we are facing.

Jes Sean, dont hold back. These events will sink the EURO, thus USD will rally and gold down (yes this is true), these event are more likely to crack open if USA is in recession, a no growth world makes bankers, governments and rating agencies more nervous than usual. 2012 could rock baby !

Sean says we are in phase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP-Bridas Argentine Pact Fails

Posted: 08 Nov 2011 02:50 PM PST

BP Plc's (NYSE:BP) $7.06 billion worth deal involving the sale of its holding in an Argentine crude-oil producer has been called off, citing inability by a buyer to win required regulatory approvals. The stake was supposed to be divested to a joint venture (JV) between Argentina's Bridas Energy Holdings Ltd. and China's CNOOC Ltd. (NYSE:CEO).
Looking back, BP had agreed to sell 60% of its stake in Pan American Energy (PAE), the second largest producer of oil and gas in Argentina, to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA To Repay Unfair Overdraft Fees

Posted: 08 Nov 2011 02:50 PM PST

Bank of America Corporation (NYSE:BAC) has hit the headlines for manipulating overdraft fees. On Monday, the U.S. District Court of Southern District of Florida (Miami) ordered BofA to pay back $410 million to its more than 13 million customers who were charged with inappropriate overdraft fees by the company over the last decade.
The court has held BofA responsible for manipulating transaction entries to generate larger overdraft fees. Transactions were re-sequenced by the bank so that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Wednesday, Nov 9

Posted: 08 Nov 2011 02:45 PM PST

( click to enlarge )

U.S. Bancorp (NYSE:USB) is still trading in an uptrend channel from August till now. Outlook for the stock is rosy as reflected in technical analysis. The daily MACD lines, MACD-histogram, 13-day MA and stochastics are all rising. These factors support a bullish move. Next resistance lies at $27.36 that is upper band of trend channel.

 ( click to enlarge )

Calpine Corporation (NYSE:CPN) has moved up huge the past weeks with strong volume breaking through its 50 and 200 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Wins Radar Upgrade Deal

Posted: 08 Nov 2011 02:40 PM PST

Lockheed Martin Corporation (NYSE:LMT) received contract options worth $46.8 million from the U.S. Air Force to begin modernizing 29 long-range radars which provide advanced warning and air traffic control surveillance over North America’s airspace.
Under initial options of the Essential Parts Replacement Program ("EPRP") contract, Lockheed will complete engineering planning and begin to upgrade 29 geographically disbursed AN/FPS-117 long-range surveillance radars. The expected follow-on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Rises While Berlusconi Falls

Posted: 08 Nov 2011 02:36 PM PST

Cusick’s Corner
After the dust settled the market took on the upside resistance and broke through the 200-Day Moving Average, 1269 on the S&Ps. With the news that the Italian Prime Minister will step down after a critical vote, some under-invested, equity-only managers may now seem forced into this market which at this stage this seems to be the market catalyst. The focus will still be on the EU and the possible implications of any rescue programs and if there are forced liquidations in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd 100 Day MV Leading The Way.

Posted: 08 Nov 2011 02:36 PM PST

The 100 day moving average have been a good indicator for the usd/sgd showing the downward trend of this pair and once it broke out of the 100 MV.  The new upward trend is forming which is now the 100MV is providing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Starting To Break Through Daily Trend-line

Posted: 08 Nov 2011 02:36 PM PST

usd/hkd starting to break through this daily trend-line which might signal the usd/hkd to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Life Technologies

Posted: 08 Nov 2011 02:20 PM PST

The announcement of Life Technologies' (LIFE) third quarter fiscal 2011 results as on October 25, 2011, has led analysts to revise their estimates lower for the fourth quarter of fiscal 2011.
Third Quarter Highlights
Life Technologies reported an EPS of 94 cents in the third quarter of fiscal 2011, beating both the Zacks Consensus Estimate of 88 cents and the year-ago quarter's adjusted EPS of 87 cents.
Revenues increased 7% year over year to $929 million, surpassing the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moneygram Accuses Citigroup

Posted: 08 Nov 2011 02:20 PM PST

Citigroup Inc. (NYSE:C) has been sued by Moneygram Payment Systems Inc., the electronic cash-transfer business, Bloomberg reported. The complaint lodged claims that Citi misrepresented documents during the sale of $140 million of collateralized debt obligations (CDOs).
Moneygram Payment Systems Inc., a subsidiary of Moneygram International Inc. (NYSE:MGI), offers its customers payment processing services. The company provides banks, thrifts and credit unions with official checks, which are commonly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autodesk Gets GRIP Entertainment

Posted: 08 Nov 2011 02:20 PM PST

Autodesk Inc. (NASDAQ:ADSK) has acquired GRIP Entertainment, a privately-held artificial intelligence (AI) game middleware company. The deal has been closed this month, but no financial details or terms of purchase were disclosed.
The acquisition of Montreal-based GRIP Entertainment's technology assets will boost Autodesk's present Gameware offerings and expertise, enabling a more comprehensive AI solution. Autodesk's own AI middleware, Kynapse, offers high-performance 3D pathfinding within … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Electric Cars In Focus At European Mobility Week

Posted: 08 Nov 2011 02:15 PM PST

11/08/11 During European Mobility Week, S&D organized a conference called, “Electric cars and mobility changes in times of change.” A conference that will focus on the future of electric vehicles and possible … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa’s $2.1B Investment Plan

Posted: 08 Nov 2011 02:05 PM PST

As part of its upgradation strategy, aluminum producer, Alcoa Inc (NYSE:AA) would spend $2.1 billion over five years to reduce costs and raise output at three smelters in Quebec.
Alcoa’s Baie-Cameau, Deschambault and Becancour smelters would get new 25 year power supply contracts in the Canadian province, which will help it to expand its production capacity by 120,000 metric tons per year while reducing its costs by 13 percentage points at those plants.
The company plans to proceed immediately … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Wendy’s

Posted: 08 Nov 2011 02:05 PM PST

The Wendy’s Company (NYSE:WEN), one of the leading quick-service restaurant companies, is slated to release its third quarter 2011 results on Wednesday, November 9, before the market opens. The current Zacks Consensus Estimate for the third quarter is pegged at 4 cents, representing an annualized negative growth of 18.7%.
With respect to earnings surprises, Wendy's has missed the Zacks Consensus Estimate twice and has outperformed and matched it once in the last four quarters. The average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Sells Uridashi Notes

Posted: 08 Nov 2011 02:00 PM PST

According to a filing with Japan's finance ministry, The Goldman Sachs Group Inc. (NYSE:GS) announced to sell 5-year Uridashi bonds in Yen. Uridashi notes are debt issued in the euro markets and are sold mostly to the Japanese individual investors.
Goldman will sell the 3- year issue worth 22.3 billion Yen ($286 million). The bonds will be sold at a coupon rate of 1.71%, which are expected to increase by 10 basis points annually to 2.11% till maturity.
In September, Goldman also announced the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Rises Again, Berlusconi Resigns

Posted: 08 Nov 2011 09:00 AM PST

11/08/11 NYFP’s Closing Bell Report: The Dow Jones rallied again this session following passage of a new budget plan in Italy as well as an announced resignation of Italian PM Silvio … [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: 08 Nov 2011 01:55 PM PST

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

EUR/USD was trading at 1.3834, up 0.42% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8594 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: TAM S.A.

Posted: 08 Nov 2011 01:50 PM PST

TAM S.A. (NYSE:TAM) will report its third-quarter 2011 earnings on Thursday, November 10, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 40 cents, representing an annualized loss of 62.96%.  
With respect to earnings surprises over the trailing four quarters, TAM outperformed the Zacks Consensus Estimate in three quarters and was in line in one. Average earnings surprise was 88.46%, implying that the company outperformed the Zacks Consensus Estimate by the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Triumph Announces Public Offering

Posted: 08 Nov 2011 01:50 PM PST

Triumph Group, Inc. (NYSE:TGI) recently announced a public offering of 5,000,000 shares of its common stock, offered by investment funds and other entities associated with The Carlyle Group. The offering is expected to close and settle on November 14, 2011.
Morgan Stanley & Co. LLC is acting as the sole underwriter for the offering, upon completion of which the investment funds associated with The Carlyle Group will own approximately 9.5% of the company's common stock.
Of late, the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Less Than Meets The Eye

Posted: 08 Nov 2011 01:50 PM PST

As we’ve seen with the jobless rate, where the broadest measure of unemployment is 80% higher than the headline statistic, and with retail sales, where the reported figure is much less than it seems when population growth and inflation are taken into account, you can’t believe much of what you see or hear these days.
So, too, with data on the ever-sinking housing market, which continues to stand in the way of any sort of meaningful recovery.
In “Half of US Mortgages Are Effectively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper & GE To Secure Defense Data

Posted: 08 Nov 2011 01:40 PM PST

Juniper Networks Inc. (NASDAQ:JNPR) recently announced that it will be joining hands with one of the business units of technology company General Electric Co. (NYSE:GE), to jointly develop a series of highly scalable and secured networking and routing gadgets. These products would communicate data within the military or aerospace verticals with utmost security, in severe environments.
In this regard, the company has already announced a router –– RTR8GE –– at the premier international conference … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Advance Auto

Posted: 08 Nov 2011 01:40 PM PST

Advance Auto Parts Inc. (NYSE:AAP) announced that it would release its results for the third quarter of 2011 after the market closes on November 09, 2011. Roanoke, Virginia-based Advance Auto realized earnings per share of $1.46 in the second quarter, higher than the Zacks Consensus Estimate of $1.39 per share.
In the upcoming quarter, the Zacks Consensus Estimate for Advance Auto is pegged at a profit of $1.19 per share, reflecting an annualized growth of 15.47%. The downside potential of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q3 2011 Financial Results: DPP Products Driving Revenue

Posted: 08 Nov 2011 01:32 PM PST

Q3 2011 Financial Results:  DPP Products Driving Revenue
Brian Marckx, CFA

Chembio Diagnostics (CEMI) reported financial results for the third quarter ending September 30, 2011 on November 3rd.  Revenue of $5.92 million crushed our $4.61 million estimate, the ~ $1.3 million difference split fairly equally between better than anticipated international sales of the lateral flow products and much stronger than estimated DPP product sales to FIOCRUZ.  Q3 revenue was a record high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake Gets Busy In Utica

Posted: 08 Nov 2011 01:32 PM PST

Chesapeake Energy Corporation (NYSE:CHK) recently inked two transactions, to monetize a portion of its 1.5 million net acres of leasehold in the Utica Shale play mainly in eastern Ohio. Upon implementation, the deals would add nearly $3.4 billion to the company's kitty.
Chesapeake has signed a letter of intent with an undisclosed international major energy company to form a joint venture (JV) through which the latter will acquire a 25% stake in approximately 650,000 net acres of leasehold in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Wins ETS Contract

Posted: 08 Nov 2011 01:32 PM PST

Computer Sciences Corporation (NYSE:CSC) recently won a contract from Educational Testing Service (ETS), a worldwide education provider. The contract is worth $200.0 million, spanning over a period of five-and-a-half-years.
As per the terms of the agreement, CSC will design systems to introduce new and innovative approaches to the way ETS leverages IT. Moreover, CSC will also provide cloud computing infrastructure including CloudCompute, the new infrastructure as a service (IaaS) architecture … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.84%

Posted: 08 Nov 2011 01:30 PM PST

Forexpros – U.S. stocks were up after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.84%, the S&P 500 index gained 1.17%, while the Nasdaq 100 index climbed 1.22%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.28%; Germany's DAX gained 0.55%; Britain's FTSE 100 climbed 1.03%; and the EURO STOXX 50 rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sara Lee Wraps Up Bimbo Deal

Posted: 08 Nov 2011 01:21 PM PST

Sara Lee Corporation (NYSE:SLE) moved ahead with its policy of streamlining its portfolios as it announced the completion of its sale of North American Bakery Business to Grupo Bimbo SAB, considered as the world's largest bread maker.
Sara Lee is transferring its business to Bimbo for $709 million. The transaction, which includes the right to the Sara Lee brand for bakery goods in the U.S. and regional brands such as Heiner's and Rainbo for Grupo Bimbo, was announced last year.
The deal was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Union Closes Travelex Deal

Posted: 08 Nov 2011 01:16 PM PST

On Monday, Western Union Co. (NYSE:WU), the world's largest money-transfer company, announced the completion of acquisition of London-based Travelex Global Business Payments for approximately $973.8 million.
Travelex provides business payments services for 35,000 customers annually, which primarily includes small and medium-size companies (SME) and distribution partners. The acquisition will help Western Union to further enhance its reach in that segment of the industry.
Western Union's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Inks Twin Gov’t Deals

Posted: 08 Nov 2011 01:16 PM PST

Accenture plc (NYSE:ACN) recently won a 7-year information technology (IT) application servicing deal from the United Kingdom Department for Work and Pensions (DWP). The deal value could be €50 million to €70 million per year, depending on Departmental demand for IT services. Per the terms of the deal, Accenture will offer its technology and services to develop, maintain and support a variety of the DWP's customer-oriented operations.
Accenture's services will help DWP save costs to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JOLTS: Job Openings Up 21.7%

Posted: 08 Nov 2011 01:16 PM PST

In September, the country gained a net of 158,000 jobs, and in August we gained 104,000. However, that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month.

In any economic environment, there will always be jobs being created, and jobs being lost. The difference between them is what gets the headlines. However, with a month's delay we get to look a little bit deeper and see not just the net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MS Indicted Over Mortgage Bonds

Posted: 08 Nov 2011 01:07 PM PST

A group of investors have accused Morgan Stanley (NYSE:MS) of selling flawed mortgage bonds by misleading investors, the company said on Monday. The aggregate outstanding balance of the bonds underwritten by Morgan Stanley was more than $6 billion.
Morgan Stanley allegedly underwrote a large number of residential mortgage-backed securities issued by trusts based on fake information. Also, the company failed to properly service mortgage loans owned by the investors.
A lawsuit against the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 08 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.6098, up 0.26% at time of writing.

The pair was likely to find support at 1.5877, Thursday's low, and resistance at 1.6130, today's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8596 and GBP/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Builder Mag: The 8 Healthiest U.S. Housing Markets

Posted: 08 Nov 2011 12:53 PM PST

REALTOR MAG –”Builder Magazine teamed with Hanley Wood Market Intelligence to compile its annual list of the healthiest housing markets in the country, factoring in housing projections from Moody's Economy.com. The list was based on projected price appreciation, population growth, income growth, and improving employment picture.

Many of the housing markets projected to have the biggest gains into 2012 tend to be the home to major universities, strong private sector employment, or have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Ecolab

Posted: 08 Nov 2011 12:50 PM PST

Ecolab's (NYSE:ECL) third-quarter fiscal 2011 earnings per share of 75 cents were in line with the Zacks Consensus Estimate. Profit clipped 11% year over year as double-digit growth in sales was eclipsed by charges associated with the company's European restructuring and acquisition.
Third Quarter Highlights
Revenues for the quarter shot up 11% year over year to $1,736.1 million, meeting the Zacks Consensus Estimate. Sales were boosted by healthy growth at the Minnesota-based company's Food … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Partners ITRACK

Posted: 08 Nov 2011 12:40 PM PST

Information Technology major CA Technologies (NASDAQ:CA) recently entered into an agreement with iTRACKS Corporation to develop new solutions aimed at the Enterprise Infrastructure space.
The collaboration is expected to help transform Data Center Infrastructure Management (DCIM) of different service providers. The collaboration is expected to help companies offer solutions to help customers address the current DCIM limitations and better manage data center power, space and cooling, with complete … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ReneSola Revises Guidance

Posted: 08 Nov 2011 12:40 PM PST

Leading global manufacturer of solar products, ReneSola Ltd. (NYSE:SOL), revised its guidance for the third quarter of 2011. The company, stricken by weak demand precipitated by an industry-wide oversupply glut, revised downwards its shipments and revenue forecasts for the third quarter of 2011.
ReneSola cut its solar wafer and module shipments to a range of 320 MW to 330 MW, compared to the previous guidance of 330 MW to 350 MW. Similarly revenues are expected in the range of $185 million to $195 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Gyro Or Euro With Fries

Posted: 08 Nov 2011 12:35 PM PST

Cusick’s Corner
Looks like the market caught a little sugar high with the S&Ps right off the highs of 1259. This is just another 20 point range in the S&Ps, showing the potential strength of the bid and there are shorts in the market but the last two sessions have shown that they are getting shaken out by day’s end. Here’s what is a little perplexing, frustrating, uncertain — bonds are up, Gold is up, Crude and Volatility are still above 30 with the market up. This is what I would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Addio Silvio?

Posted: 08 Nov 2011 12:35 PM PST

Cusick’s Corner
The market is right at the battleground that I mentioned many times over the last week, 1250 on the S&Ps and holding at this moment. Headlines are the short-term challenge – in the Italian bond markets, the 10 year Italian bond is above 6%, and there is more news coming out of the Middle East concerning the Iranian nuke program, both headlines have kept the bulls from running. Another market that has been on the move is Crude and that has pulled back on a potentially smaller … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Aggressive Growth Stock Picks-Nov.8, 2011

Posted: 08 Nov 2011 12:35 PM PST

Symmetry Reaffirmed Neutral

Posted: 08 Nov 2011 12:35 PM PST

We retain our Neutral recommendation on Symmetry Medical (NYSE:SMA), an instrument supplier to orthopedic devices makers, following its tepid third quarter results. Its adjusted earnings for the quarter of 4 cents a share missed the Zacks Consensus Estimate by 8 cents. 
Profit tumbled 85% year over year, hurt by facility consolidation expenses, acquisition and legal costs, employee severance payments and management transition costs. Sales dipped 8% year over year to $84 million, also falling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 08 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.8947, down 0.66% at time of writing.

The pair was likely to find support at 0.8762, Thursday's low, and resistance at 0.9068, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.45% to hit 1.3838 and USD/JPY falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Buttresses With Force Protection

Posted: 08 Nov 2011 12:15 PM PST

General Dynamics Corporation (NYSE:GD) has entered into a definitive agreement with Force Protection Inc. (NASDAQ:FRPT) under which the former will acquire the latter for a price of $5.52 per share of common stock, or approximately $360 million.
Force Protection designs, manufactures, tests, delivers and supports its blast- and ballistic-protected products to increase survivability for users. It provides survivability solutions to support the armed forces of the United States and its allies. Its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 08 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.

USD/CAD was trading at 1.0105, down 0.20% at time of writing.

The pair was likely to find support at 1.0056, Thursday's low, and resistance at 1.0229, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.38% to hit 1.3828 and GBP/USD rising 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold And Silver Miners On Upward Move

Posted: 08 Nov 2011 11:52 AM PST

Investors in mining equities are finally being rewarded for their patience and fortitude.  The Gold Miners (GDX) ETF is making a challenge to all time highs at the $64 area after basing for close to a year between the $52.50 low and $64 high.  What is the cause of this impressive move in gold, silver and the miners?

The unemployment numbers continue to show that the economy has produced not that many jobs.  The Fed will be forced to implement accommodative measures through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart Serves Underserved And Unbanked Customers With Everyday Low Banking Fees

Posted: 08 Nov 2011 11:47 AM PST

YAHOO FINANCE — “Four years ago, Wal-Mart abandoned its plans to obtain a long-sought federal bank charter amid opposition from the banking industry and lawmakers, who feared the huge retailer would drive small bankers out of business and potentially conflate its banking and retail operations. Ever since, Wal-Mart has been quietly building up à la carte financial services, becoming a force among the unbanked and "unhappily banked," as one Wal-Mart executive put it.

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

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

Posted: 08 Nov 2011 11:45 AM PST

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

EUR/USD was trading at 1.3838, up 0.45% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3867, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8583 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fact Of The Day: Consumer Sovereignty

Posted: 08 Nov 2011 11:44 AM PST

In the last four weeks, as anger over debit card fees festered, more than 650,000 customers signed up for credit unions, according to the Credit Union National Association.

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

European Markets Close Higher; Dax Up 0.55%

Posted: 08 Nov 2011 11:30 AM PST

Forexpros – European stocks were up after the closing bell on Tuesday.

At the close of European trade, Germany's DAX rose 0.55%, London's FTSE 100 gained 1.03%, France's CAC 40 climbed 1.28% and the EURO STOXX 50 was up 1.20%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.65%; the S&P 500 index gained 0.94%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 08 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.

AUD/USD was trading at 1.0373, down 0.05% at time of writing.

The pair was likely to find support at 1.0204, Thursday's low, and resistance at 1.0446, Thursday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.41% to hit 1.3330 and AUD/JPY falling 0.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Have You Ever Wondered?

Posted: 08 Nov 2011 11:08 AM PST

Have you ever wondered what life would have been like without Andy Rooney? Not as good, I'm sure.
I used to watch 60 Minutes faithfully, mainly to catch Andy Rooney's end pieces, as he called them. When I became less faithful to 60 Minutes, I would still try to catch the end pieces. As Andy might have said, that was easy because they came at the end. It wasn't all that easy, though, and my efforts to get my Rooney fix tapered off, which made me feel guilty when I heard of his death last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sortable List: College Majors, Salaries, Un Rates

Posted: 08 Nov 2011 10:50 AM PST

From the WSJ, comes this sortable list of college majors, salaries and jobless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, November 9, 2011

Posted: 08 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, November 9, 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
109.94
− 0.14
110.06
110.02

Bearish

BND – Vanguard Total Bond Market ETF
83.65
− 0.31
83.84
83.78

Bearish

DBC – DB Commodity Index Tracking Fd
28.54
+ 0.49
28.23
27.64

Bullish

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

The Trend Trader For Futures Trading On Wednesday, November 9, 2011

Posted: 08 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, November 9, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1273.25
+ 1.25
1254.58
1242.67

Bullish

Dow Jones – Dec YMZ1
12124
+ 0.97
11974
11859

Bullish

Nasdaq – Dec NQZ1
2394.50
+ 1.04
2361.89
2340.00

Bullish

Russell – Dec TFZ1
752.80
+ 1.25
742.83
735.27

Bullish

INTEREST RATES

US T-Bond – Dec ZBZ1
140-24
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, November 9, 2011

Posted: 08 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, November 9, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.78
+ 0.28
10.79
10.77

Neutral

AXP – American Express Company
51.34
+ 0.18
51.07
50.71

Bullish

BA – Boeing Co
66.65
+ 0.54
65.95
65.22

Bullish

BAC – Bank of America Corporation
6.53
+ 1.24
6.51
6.66

Neutral

CAT – Caterpillar Inc
95.89
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: US30

Posted: 08 Nov 2011 04:05 AM PST

By ForexMansion.com
A failed attempt to breakout to the upside by the US30 index CFD led to an impressive sell-off and a completed rising wedge chart pattern on the 60-minute chart. Swing chart analysis still indicates an uptrend, but the break through the swing low at 11983.56 will turn the main trend down and trigger a possible acceleration into the Autochartist forecast zone at 11943.19 to 11841.26.

The overall quality of this chart pattern is an impressive 7-bar rating. The 4-bar initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, November 9, 2011

Posted: 08 Nov 2011 04:05 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, November 9, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0391
+ 0.15
1.0364
1.0428

Neutral

EURUSD – Euro / US Dollar
1.3833
+ 0.41
1.3784
1.3854

Neutral

GBPUSD – British Pound / US Dollar
1.6087
+ 0.19
1.6045
1.6023

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0090
− 0.33
1.0141
1.0106

Bearish

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

Daily Commodities Update: Unleaded Gasoline

Posted: 08 Nov 2011 12:32 AM PST

By ForexMansion.com
By Jonah S. Ford
 
Unleaded Gas is precariously perched on trend line support identified by Autochartist as the underside of a classic Rising Wedge chart pattern. The pattern is shown here on the hourly candlestick chart. Traders will be watching closely for a potential failure at the current levels for a sell signal to set up.

>
The last retest of the Rising Wedge resistance occurred at the $4.28 per gallon level. The subsequent retest of support added significant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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