Thursday, November 10, 2011

DailyMarkets.com - Crude Oil Falls In Early Asian Trade

DailyMarkets.com - Crude Oil Falls In Early Asian Trade

Crude Oil Falls In Early Asian Trade

Posted: 10 Nov 2011 04:52 PM PST

Forexpros –
Forexpros – Crude oil futures moved lower in Asian trade Friday, retreating from earlier gains on positive U.S. job numbers as the International Energy Agency predicted signs of slowing energy use in China.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD97.44 a barrel during early Asian trade, falling 0.24%, after hitting a daily high of USD97.77.

On Thursday, the U.S. Labor Department reported that initial jobless claims fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Fragile Market, Eyes On Italy

Posted: 10 Nov 2011 04:36 PM PST

Cusick’s Corner
Not that much happened into the close, the markets stayed static even though there were headlines. The most notable headline was Standard & Poor’s retraction of France’s debt rating downgrade which was due to a technical glitch. The market is still in a fragile state and there’s one major concern in the short-term — if Italy will be able to get some form of austerity agreement tomorrow. While some of us may be getting sick of all the EU headlines, this is the risk that we … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Retreats In Early Asian Trade

Posted: 10 Nov 2011 04:16 PM PST

Forexpros –
Forexpros – Gold futures moved lower in Asian trade Friday, following a rise in U.S. equities and developments in Europe that served to ease concerns over the region's debt woes.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,753.05 a troy ounce during early Asian trade, dropping 0.43%, after hitting a high of USDS1,761.65.

On Thursday, the U.S. Labor Department reported that initial jobless claims fell by 10,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 10 Nov 2011 04:10 PM PST

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

EUR/USD was trading at 1.3605, down 0.02% at time of writing.

The pair was likely to find support at 1.3484, Thursday's low, and resistance at 1.3859, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8539 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jon Stewart Lays Out Jon Corzine

Posted: 10 Nov 2011 04:06 PM PST

If the situation with Jon Corzine and the bankruptcy of MF Global were not so serious, then this recent performance by Jon Stewart hammering Corzine would be unbelievably hilarious. As it is, Stewart's shtick is merely riotous but also highlights the hypocritical nature and incestuous demeanor of the former New Jersey governor.
You'll thoroughly enjoy this 8 minute clip………..

 
 
 
 
 

The Daily Show with Jon Stewart
Get More: Daily Show Full … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 10 Nov 2011 04:05 PM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Tertiary Industry Activity Index.

USD/JPY was trading at 77.64, down 0.01% at time of writing.

The pair was likely to find support at 77.51, Thursday's low, and resistance at 78.18, Monday's high.

Earlier in the day, official data showed that Japan's tertiary industry activity index fell more-than-expected to a seasonally adjusted -0.7% last month from 0.0% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s Tertiary Index Falls More-than-expected

Posted: 10 Nov 2011 04:00 PM PST

Forexpros – Japan's tertiary industry activity index fell more-than-expected last month, official data showed on Thursday.

In a report, METI said that Japanese tertiary industry activity index fell to a seasonally adjusted -0.7%, from 0.0% in the preceding month whose figure was revised up from -0.2%.

Analysts had expected Japanese tertiary industry activity index to fall -0.5% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thanksgiving Dinner Gobbles Up Extra Dollars

Posted: 10 Nov 2011 03:58 PM PST

11/10/11 The cost of the classic Thanksgiving dinner will increase by 13.4% year over year. The American Farm Bureau Federation’s informal survey attributes inflation for the price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Nicks Down In Early Asian Trade

Posted: 10 Nov 2011 03:36 PM PST

Forexpros –
Forexpros – The euro edged lower against the U.S. dollar in Asian trade Friday, following an upbeat U.S. labor report and a series of stabilizing European developments that served to ease market concerns on regional debt.

EUR/USD hit 1.3598 in early Asian trade, the pair's lowest since Wednesday; the pair subsequently consolidated at 1.3602, shedding 0.05%.

The pair was likely to find support at 1.3395, the low of September 10, and resistance at 1.3859, Wednesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Trading Above 61.8%

Posted: 10 Nov 2011 03:35 PM PST

Looking at the USDSGD pair, now trading firmly above the 61.8% retracement of the move from the September highs, we see the flight to quality bid in the market on European fears and subsequently lower equities has propelled the USD against Asian risk pairs. On the chart below we see the prospects could be improving for the pair toward the September highs as we see the 100day mavg about to converge and break above the 200day. However, the technical circumstances will all fall by the waist side … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 10 Nov 2011 03:35 PM PST

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

NZD/USD was trading at 0.7766, down 0.11% at time of writing.

The pair was likely to find support at 0.7733, today'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 1.3059 and EUR/NZD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Pharmacy Advisor Program For CVS

Posted: 10 Nov 2011 03:30 PM PST

CVS Caremark (NYSE:CVS) recently launched a new Pharmacy Advisor program to help treat chronic cardiovascular illness.
The Pharmacy Advisor for chronic cardiovascular care will primarily focus on medication adherence for persistent illnesses such as high blood pressure, high cholesterol, coronary artery disease (CAD) and congestive heart failure (CHF). It has been noted that high blood pressure single-handedly affects one out of three adults, with the health care system costing roughly $76 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Public-Union Albatross

Posted: 10 Nov 2011 03:26 PM PST

In yesterday’s WSJ, Philip K. Howard writes that public-union pension abuses are so common that they’re taken for granted.  Some examples:

1.  “Spiking” union pensions with excess overtime in the last year of employment.
 
2. Until recently, over 90% of Long Island Rail Road (LIRR) workers retired with a disability—even those who worked desk jobs—adding about $36,000 to their annual pensions. The cost to New York taxpayers over the past decade was $300 million.  As one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market Open On Veterans Day

Posted: 10 Nov 2011 03:20 PM PST

11/10/11 The equity markets will be open on Veterans Day, but the bond market and banks will be closed. The University of Michigan’s consumer sentiment index is scheduled for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Invesco’s October AUM Perks Up

Posted: 10 Nov 2011 03:15 PM PST

Invesco Ltd. (NYSE:IVZ) has reported significant rise in its preliminary month-end assets under management (AUM) for the month of October 2011. The company's AUM for the reported month grew 6.2% to $635.7 billion from $598.4 billion at the end of September 2011.
The rise in Invesco's October AUM was mainly attributable to positive market returns and net inflows. Further, foreign exchange led to $4.3 billion hike in the AUM during the month under review.
Invesco's preliminary AUM, excluding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonoco Closes Tegrant Deal

Posted: 10 Nov 2011 03:06 PM PST

Sonoco Products Co. (NYSE:SON) has completed the acquisition of Tegrant Corporation, a leading provider of highly engineered, protective, temperature-assured and retail security packaging solutions, from Metalmark Capital, for $550 million. The acquisition is not only the largest in the company's history but will position it as the leader in multimaterial protective packaging in North America.  
Headquartered in DeKalb, Illinois, Tegrant operates three business units – Protexic Brands, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harris Still In Neutral Zone

Posted: 10 Nov 2011 02:45 PM PST

Harris Corp. (NYSE:HRS) reported solid financial results for the first quarter of fiscal 2012, mostly in line with the Zacks Consensus Estimates. Nonetheless, we believe the company is facing several near-term concerns as the contraction of the U.S. and international defense expenditures may act as a major threat to Harris.
While management remains confident that its consolidated pipeline opportunity is still intact, we are not sure exactly when these contracts are going to achieve fruition, given … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reaffirming Gen-Probe At Neutral

Posted: 10 Nov 2011 02:40 PM PST

We retain our Neutral recommendation on diagnostic products maker Gen-Probe (NASDAQ:GPRO) following its mixed third quarter results. Its adjusted earnings of 57 cents a share for the quarter topped the Zacks Consensus Estimate of 54 cents.
However, the California-based company incurred a loss in the quarter, hit by a sizable impairment loss on its equity investment in DNA sequencing firm Pacific Biosciences (PacBio).
Sales rose 5% year over year to $139.1 million, but missed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Enterprise

Posted: 10 Nov 2011 02:30 PM PST

Enterprise Products Partners L.P. (NYSE:EPD) reported stellar third quarter fiscal 2011 results on November 2, buoyed by natural gas, natural gas liquid (NGL) and crude oil production growth in the shale regions as well as strong demand for NGLs in the U.S. petrochemical industry and global markets.
Third Quarter Recap
The quarter's earnings per unit of 55 cents were fairly ahead of the Zacks Consensus Estimate of 50 cents and improved 206% from 18 cents earned in the year-ago period. Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon, Petrogas In Gas Pursuit

Posted: 10 Nov 2011 02:20 PM PST

Irving, Texas-based ExxonMobil Corporation (NYSE:XOM) and Canada's Americas Petrogas Inc. jointly plan to drill wells in Argentina next month in a search for shale gas.
ExxonMobil gained a 45% stake in Petrogas' Los Toldos blocks following a $76.3 million agreement with the Canadian company, announced in August. Subsequent to the signing of the deal, ExxonMobil will possess more than 310,000 net acres in the Neuquen Basin.
Petrogas' Los Toldos blocks, sprawling over 163,500 acres in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Not The Case

Posted: 10 Nov 2011 02:19 PM PST

Good news abounds –
“Jobless Claims Tumble in Upbeat Sign for Economy” (Msnbc.com)
New claims for unemployment benefits dropped in the latest week, in a sign that businesses may be picking up hiring, albeit at a trickle.
The Labor Department said Thursday that new claims dropped 10,000 to a seasonally adjusted 390,000 versus a revised 400,000 the prior week. Analysts had been expecting claims of about 400,000, Reuters said.
The 4-week moving average, which is seen as a better gauge of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Friday, Nov 11

Posted: 10 Nov 2011 02:15 PM PST

( click to enlarge )

XenoPort, Inc. (NASDAQ:XNPT) has achieved a boost during Thursday's market as traders witnessed the oversold position, driving shares up by more than 1%. I would like to see a break over todays high of 5.14 to indicate possible bounce is on deck. I feel that fundamentally, XNPT looks attractive at least for the short term. They have $103.14 million in cash and no debt. It is a speculative play, but at $5, there is not a lot of downside and potentially a solid bounce play. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amerisafe Upped To Neutral

Posted: 10 Nov 2011 02:05 PM PST

We have upgraded our recommendation on Amerisafe Inc. (NASDAQ:AMSF) to Neutral from Underperform based on its momentous performance in the third quarter of 2011, imbibing optimism for future growth.
The company's third quarter operating earnings per share of 33 cents came in higher than the Zacks Consensus Estimate of 29 cents and 26 cents reported in the prior-year quarter. Operating income spiked 25.6% year over year to $6.2 million. Amerisafe's total revenue for the quarter was $71.7 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The End Of A Long Bull Market For Bonds

Posted: 10 Nov 2011 02:05 PM PST

Much attention has been paid, in history and especially in recent years, to finding ways to spot, avoid, or bet on or against speculative bubbles, and, for policymakers and investors, how to spot them, if not far in advance, then at least before they burst.

The most obvious, latest major bubble to burst was the residential real estate market, and, secondarily, the commercial real estate market, in the United States and some other major developed markets such as the United Kingdom.

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

MetLife Divests To Integrate ALICO

Posted: 10 Nov 2011 02:05 PM PST

Yesterday, BusinessWire reported that MetLife Inc. (NYSE:MET) has approved the vending of its Caribbean operations to Pan-American Life Insurance Group. However, the terms and financials of the deal remain undisclosed.
Accordingly, MetLife has decided to sell its insurance operations in Panama, Costa Rica and Trinidad & Tobago. Furthermore, in an attempt to optimize its portfolio through size and operation, the company also sold half of its stake in the Wells Fargo Plaza in Houston. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Strong Showing For The Dow

Posted: 10 Nov 2011 09:00 AM PST

11/10/11 NYFP’s Morning Market Report: The Dow Jones posted another triple-digit gain this session on more positive reports out of Europe and an improvement in jobless claims … [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: 10 Nov 2011 01:55 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3604, up 0.46% at time of writing.

The pair was likely to find support at 1.3484, today's low, and resistance at 1.3859, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 390K last week from 400K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Contract Sales Up At DATATRAK

Posted: 10 Nov 2011 01:50 PM PST

New Contract Sales up at DATATRAK
Ken Nagy, CFA

On November 9, 2011, DATATRAK International, Inc. (DATA), a technology and service provider of electronic clinical trial technology solutions for the clinical trials industry, reported third quarter fiscal 2011 results with a nearly 13 percent year over year increase in sales with revenue expanding to $2.050 million during the three months ended September 30, 2011.

The strong and positive trend of continuing new contract sales appears to be an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center Grows In South Dakota

Posted: 10 Nov 2011 01:50 PM PST

Rent-A-Center Inc. (NASDAQ:RCII) recently announced the opening of a new store in Huron, South Dakota. Through its latest store, the company expects to offer luxury furnishings, electrical devices, electronics and computers to the residents of this region.
The new showroom in Huron will offer brands like HP, Ashley, Sony, Serta and Whirlpool. Rent-A-Center operates through 5 locations in South Dakota.
The residents of Huron will enjoy the benefit of buying goods with flexible payment options, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa Holds Investor Day

Posted: 10 Nov 2011 01:50 PM PST

Aluminum producer, Alcoa Inc. (NYSE:AA) announced at its Investors Day at Davenport, Iowa, that its technology and innovative products are being positioned for profitable growth, particularly in the aerospace and automotive markets.
For rolled products Alcoa expects to add $2.5 billion to the top line by 2013. The company expects to achieve 50% to 60% of this revenue growth in 2011.
Most of the growth for Alcoa has come from the auto industry, where new fuel efficiency requirements are driving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Constellation Completes Solar Farm

Posted: 10 Nov 2011 01:50 PM PST

Constellation Energy Group, Inc. (NYSE:CEG) has completed the construction of a 6.5-megawatt solar generation project that will supply affordable energy to the utility's customers. The solar power system will be owned and maintained by Constellation Energy.
The solar project is expected to generate approximately 10 million kilowatt-hours of electricity per year. Under a 25-year power purchase agreement, the city of Vineland, owner and operator of the Vineland Municipal Electric Utility, will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 10 Nov 2011 01:40 PM PST

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

USD/JPY was trading at 77.64, down 0.22% at time of writing.

The pair was likely to find support at 77.51, today's low, and resistance at 78.19, Monday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 390K last week from 400K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Long Live The ETF Permanent Portfolio

Posted: 10 Nov 2011 01:38 PM PST

I believe that many retail investors (and probably pros, too) entangle security investments so as to render them impractical at best, hopelessly confusing at worst.This is why it is wise to divide one’s portfolio into three distinct parts. I recommend an Income Portfolio, a Permanent Portfolio and a Speculative Portfolio – kept at three divorced discount brokerages. ETrade, Schwab and Scottrade will suffice nicely. Why three brokerages? Think diversification if sophisticated hacking invades, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Safeway Stays Neutral

Posted: 10 Nov 2011 01:36 PM PST

We reiterate our Neutral recommendation on Safeway Inc. (NYSE:SWY) with a target price of $20.00.
Safeway reported EPS of 38 cents during the third quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 35 cents and bettering the year-ago earnings of 33 cents a share. The company reported sales of $10.1 billion during the quarter, exceeding both the Zacks Consensus Estimate of $9.8 billion and the year-ago level of $9.4 billion.
We note that the environment for retail industry is quite … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Daily In A Wedge Formation.

Posted: 10 Nov 2011 01:35 PM PST

Looking at the last few weeks of usd/cnh is has been in a wedge formation, not able to break through 6.3480 and the top of this downward channel providing resistance for the pair. We should see it stay sideways for a bit then it should have a sharp move higher or break much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Created A S.H.S. Formation?

Posted: 10 Nov 2011 01:35 PM PST

looks like usd/sgd created a shoulder,head,shoulder formation signaling that usd/sgd should trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Found Some Resistance On The 200 MV.

Posted: 10 Nov 2011 01:35 PM PST

After usd/hkd broke out of that downward trend-line we see it found a ceiling at the 200 moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Unit Acquires In Germany

Posted: 10 Nov 2011 01:30 PM PST

Yesterday, DaVita Inc. (NYSE:DVA) announced the acquisition of ExtraCorp AG by its wholly-owned subsidiary DV Care GmbH. ExtraCorp is a German company that owns and operates two dialysis centers in Salzgitter and Seesen and manages two other dialysis centers in Dresden and Freital. All four centers provide a wide variety of dialysis services, of which hemodialysis is the most important one.
Acquisitions have been DaVita's preferred growth strategy over the years and the company has slowly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UPS To Hire For The Holidays

Posted: 10 Nov 2011 01:30 PM PST

United Parcel Services (NYSE:UPS) has announced its plan to hire approximately 55,000 seasonal workers including 1,000 in the Phoenix region, anticipating a demand surge during the holiday season.  
The company is gearing up for a demand peak during Christmas and New Years, estimating around 120 million packages as opposed to 113 million delivered last year. On average, UPS strikes business of approximately 15 million package deliveries daily, but expects this to go up to 25 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 10 Nov 2011 01:25 PM PST

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3608, up 0.49% at time of writing.

The pair was likely to find support at 1.3484, today's low, and resistance at 1.3859, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 390K last week from 400K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energy Transfer Prices Unit Offer

Posted: 10 Nov 2011 01:20 PM PST

Energy Transfer Partners L.P. (NYSE:ETP) priced a public offering of 13,250,000 common units at $44.67 a piece, with a 30-day over-allotment option for an additional 1,987,500 units.
The natural gas and propane gas master limited partnership (MLP) plans to use the net proceeds from this offering to pay back outstanding debt under its revolving credit facility, to finance capital expenditures associated with pipeline construction projects and for general partnership purposes. The offering is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zimmer Holdings To Raise Funds

Posted: 10 Nov 2011 01:11 PM PST

Leading orthopedic medical devices company, Zimmer Holdings (NYSE:ZMH) has decided to sell $550 million of senior notes through an underwritten public offering. The offer, consisting of $250 million of 1.40% notes due 2014 and $300 million of 3.375% notes due 2021, will close on November 10, 2011.
Apart from general corporate purposes, Zimmer plans to use the net proceeds of the offering to repay a substantial portion of the outstanding borrowings under its credit facility. The company exited … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Slashes Stake In ICBC

Posted: 10 Nov 2011 01:11 PM PST

The Goldman Sachs Group Inc. (NYSE:GS) has become the latest U.S. bank to sell its stake in a Chinese company in the recent months. The company has sold 1.75 billion shares of Industrial & Commercial Bank of China Ltd. (ICBC) at HK$4.88 (63 cents), Bloomberg reported on Wednesday after communicating with people familiar with the matter. The deal helped the company raise nearly $1.1 billion in proceeds.
Prior to ICBC’s initial public offering (IPO), Goldman had made investments in the company, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

International Paper Borrows For TIN

Posted: 10 Nov 2011 01:05 PM PST

International Paper Co. (NYSE:IP) has priced a sale of $1.5 billion in debt to fund its previously announced acquisition of competitor Temple-Inland (TIN). International Paper will sell $900 million in senior notes due 2022 and $600 million in senior notes due 2041. The proceeds along with other debt financing and cash will be used to fund the $3.7 billion purchase.
In September, International Paper inked a deal to acquire all of the outstanding common stock of Temple-Inland for $32.00 per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AstraZeneca Candidate Disappoints

Posted: 10 Nov 2011 01:05 PM PST

AstraZeneca(NYSE:AZN) and Targacept, Inc. (NASDAQ:TRGT) recently presented disappointing data on their phase III candidate, TC-5214. The companies presented top line data from the first of four RENAISSANCE phase III studies which are being conducted to evaluate the use of TC-5214 as an add on therapy to antidepressant.
The study assessed the efficacy and tolerability of the candidate in patients with major depressive disorder (MDD) who do not respond adequately to initial antidepressant treatment.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Ushers In E-ticket Service

Posted: 10 Nov 2011 12:55 PM PST

NCR Corp. (NYSE:NCR) has launched a series of new products this year. The products have served a number of verticals from financial to retail, and the company is now targeting the entertainment segment through its Usherman services.
Ushers generally work in theaters, stadiums, symphony halls and other recreational places. Patrons hand their tickets to ushers, who lead or direct them to their seats.
NCR's latest solution will speed up the checking of e-tickets in the auditorium, thereby making … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alexion Continues To Outperform

Posted: 10 Nov 2011 12:55 PM PST

We are maintaining our Outperform recommendation on Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) following its impressive showing in the third quarter of 2011.
Alexion’s third quarter 2011 adjusted earnings of $0.32 per share breezed past the Zacks Consensus Estimate by $0.09 and the year-ago adjusted earnings by $0.11. Results were driven by increased revenues thanks to the strong performance of Soliris, Alexion's sole marketed product. Following strong third quarter results, Alexion upped its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lower Actonel Sales Hurt WCRX

Posted: 10 Nov 2011 12:55 PM PST

Warner Chilcott's (NASDAQ:WCRX) third quarter 2011 earnings (excluding special items) of $0.89 per share fell short of the Zacks Consensus Estimate by $0.01. The company earned $0.86 on an adjusted basis in the year-ago quarter.
Revenues for the reported quarter declined 7% to $655.5 million. The decline was primarily attributable to lower sales of its osteoporosis drug, Actonel (acquired from Procter & Gamble Co. (NYSE:PG) in 2009) coupled with weakness in the dermatological segment. Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 10 Nov 2011 12:55 PM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Federal Budget Balance.

GBP/USD was trading at 1.5931, up 0.10% at time of writing.

The pair was likely to find support at 1.5869, today's low, and resistance at 1.6130, Tuesday's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Contract Sales Up At DATATRAK

Posted: 10 Nov 2011 12:50 PM PST

New Contract Sales up at DATATRAK
Ken Nagy, CFA

On November 9, 2011, DATATRAK International, Inc. (DATA), a technology and service provider of electronic clinical trial technology solutions for the clinical trials industry, reported third quarter fiscal 2011 results with a nearly 13 percent year over year increase in sales with revenue expanding to $2.050 million during the three months ended September 30, 2011.

The strong and positive trend of continuing new contract sales appears to be an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: L-3 Communications

Posted: 10 Nov 2011 12:50 PM PST

L-3 Communications Holdings Inc. (NYSE:LLL) reported better-than-expected third quarter 2011 results on October 28, 2011. In the quarter, the company reported diluted earnings per share of $2.24, comfortably surpassing the Zacks Consensus Estimate of $2.15 and the year-ago quarterly earnings of $2.07 per share.
In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Quiz Daniel Kahneman Wants You To Fail

Posted: 10 Nov 2011 12:46 PM PST

“In the December 2011 issue of Vanity Fair, Michael Lewis profiles Nobel Prize–winning psychologist Daniel Kahneman, who pioneered research into "heuristics," or the shortcuts humans use when making decisions. At this link, take a 5-question quiz to see how your own mind … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Enhances AutoTrader’s Ordering

Posted: 10 Nov 2011 12:35 PM PST

AutoTrader.com, a consumer information website and one-stop shop for new and pre-owned cars, has opted for International Business Machines Corp.'s (NYSE:IBM) Smarter Commerce, which help companies to buy, promote, sell and service their products and services through new business processes by taking customers' considerations into account.
AutoTrader expects the service to enhance the ordering process through its Electronic Sales Order (ESO) system. The latter will be using IBM's technology in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 10 Nov 2011 12:30 PM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Federal Budget Balance.

USD/CHF was trading at 0.9066, down 0.34% at time of writing.

The pair was likely to find support at 0.8870, Monday's low, and resistance at 0.9150, today's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Metals & Mining Stock Outlook

Posted: 10 Nov 2011 12:25 PM PST

Overview

The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion’s share of the output.

The largest segment of the global metals market is iron and steel followed by aluminum. The iron and steel segment comprises more than half the industry in terms of volume. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Contract To Detect Sea Mines

Posted: 10 Nov 2011 12:25 PM PST

Defense contractor General Dynamics Corporation (NYSE:GD) announced that its unit General Dynamics Advanced Informational Systems received a contract from the U.S. Navy’s Naval Sea Systems Command worth $86.7 million. The company will design and build the Surface Mine Countermeasure Unmanned Underwater Vehicle (“SMCM UUV”) system.
This new system will support Navy commanders to detect and identify mines in high-clutter underwater environments in a single pass. The vehicle specialty is that in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 10 Nov 2011 12:10 PM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Federal Budget Balance.

USD/CAD was trading at 1.0188, down 0.57% at time of writing.

The pair was likely to find support at 1.0078, Tuesday's low, and resistance at 1.0266, today's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 10 Nov 2011 11:45 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Federal Budget Balance.

USD/JPY was trading at 77.71, down 0.14% at time of writing.

The pair was likely to find support at 77.51, today's low, and resistance at 78.19, Monday's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 10 Nov 2011 11:15 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Federal Budget Balance.

EUR/USD was trading at 1.3611, up 0.51% at time of writing.

The pair was likely to find support at 1.3484, today's low, and resistance at 1.3859, Wednesday's high.

Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -64.6B in the preceding month.

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

U.S. Federal Budget Balance Falls Less-than-expected

Posted: 10 Nov 2011 11:10 AM PST

Forexpros – The U.S. federal budget balance fell less-than-expected last month, official data showed on Thursday.

In a report, Department of the Treasury said that U.S. federal budget balance fell to a seasonally adjusted -98.5B, from -64.6B in the preceding month.

Analysts had expected U.S. federal budget balance to fall to -110.3B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How To Avoid Investing In Distressed Stocks

Posted: 10 Nov 2011 08:12 AM PST

Business distress and bankruptcy can spell disappointment or even disaster for investors – and at a time of economic uncertainty, making that critical call between risk and reward is an increasingly challenging prospect. In the current environment investors ought to be scrutinising the financial health of their portfolio stocks and applying extra due diligence when it comes to new investments – but how? One excellent starting point is applying one of the longest running and best tested … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: Spain 35 (ES35)

Posted: 10 Nov 2011 04:04 AM PST

By ForexMansion.com
by, James A. Hyerczyk
The Spain 35 (ES35) index CFD breached the Autochartist key level support signaling a breakout to the downside on the 60-minute chart. Although follow-through selling did not transpire on the initial penetration, traders should continue to watch the level at 8286.00 for renewed momentum that will cause the market to move away from the broken level. Should downside momentum re-emerge then traders should look for a break into the forecast area at 7839.80 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, November 11, 2011

Posted: 10 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, November 11, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.25
+ 0.49
10.43
10.77

Bearish

AXP – American Express Company
49.09
− 0.24
50.03
50.71

Bearish

BA – Boeing Co
64.83
+ 0.43
65.39
65.22

Bearish

BAC – Bank of America Corporation
6.03
− 2.11
6.28
6.66

Bearish

CAT – Caterpillar Inc
92.20
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Friday, November 11, 2011

Posted: 10 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, November 11, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1237.50
+ 0.98
1244.83
1242.67

Bearish

Dow Jones – Dec YMZ1
11855
+ 1.02
11902
11859

Bearish

Nasdaq – Dec NQZ1
2303.50
− 0.32
2338.08
2340.00

Bearish

Russell – Dec TFZ1
721.50
+ 0.81
730.74
735.27

Bearish

INTEREST RATES

US T-Bond – Dec ZBZ1
141-10
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, November 11, 2011

Posted: 10 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, November 11, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0155
+ 0.13
1.0241
1.0428

Bearish

EURUSD – Euro / US Dollar
1.3604
+ 0.46
1.3674
1.3854

Bearish

GBPUSD – British Pound / US Dollar
1.5933
+ 0.07
1.5998
1.6023

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0172
− 0.64
1.0167
1.0106

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 Friday, November 11, 2011

Posted: 10 Nov 2011 04:04 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, November 11, 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
109.92
− 0.19
110.02
110.02

Bearish

BND – Vanguard Total Bond Market ETF
83.65
− 0.12
83.72
83.78

Bearish

DBC – DB Commodity Index Tracking Fd
27.88
− 0.11
28.13
27.64

Neutral

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

Daily Commodities Update: Coffee

Posted: 10 Nov 2011 12:33 AM PST

By ForexMansion.com
By Jonah S. Ford
Coffee futures are on track for a run higher after bouncing from the swing low inside of an Inverse Head & Shoulders chart pattern. This pattern was identified by Autochartist and is shown here on the 240-minute time interval, from its inception on October 27th through Thursday's trading session.

This Inverse Head & Shoulders chart pattern forms the body of a basing pattern which followed the steep market correction from the $3.00 per pound peak … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Get Paid To Play Gold

Posted: 09 Nov 2011 10:00 PM PST

With money markets and Treasuries yielding next to nothing these days, investors are finding income in new places. One area those investors should consider is gold mining. With gold rising in value, mining companies are reaping record profit margins, yet the stock prices are depressed due to lack of investor interest. A solution for both gold companies and investors may be dividends, specifically gold-linked dividends.
Several top-tier gold producers that are benefiting from higher gold prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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