Wednesday, November 2, 2011

DailyMarkets.com - Here We Are

DailyMarkets.com - Here We Are

Here We Are

Posted: 02 Nov 2011 04:24 PM PDT

In “Lumbering Lower,” I suggested that one widely followed economic indicator, the National Association of Purchasing Management Index, was heading into contraction territory. In fact, PMI readings for the eurozone, China, and Japan, as well as the U.S., have been trending lower for months, and all are now below where they were when the 2007 recession began.
Global double-dip, here we come … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 02 Nov 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3722, down 0.18% at time of writing.

The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4199, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8616 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thai Floods Disrupt HDD Production

Posted: 02 Nov 2011 03:58 PM PDT

11/02/11 The flooding in Thailand will impact hard disk drive production, with supply shortages expected to continue into the new year. Western Digital will be amongst the hardest hit disk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 02 Nov 2011 03:35 PM PDT

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

NZD/USD was trading at 0.7879, down 0.45% at time of writing.

The pair was likely to find support at 0.7867, today's low, and resistance at 0.8242, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.28% to hit 1.3108 and EUR/NZD rising 0.36% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Muted Reaction To Fed

Posted: 02 Nov 2011 03:31 PM PDT

Cusick’s Corner
Big Ben spoke but there was not much that deviated from the policy stance the Fed has had over the last few months, the Euro did firm up and Gold flattened out. What I have been noticing is that the Tech sector is losing momentum quickly. I am watching support in this offensive sector, 55.5 on the QQQ and if we break that level, not only are we losing the market leader, there’s a shift in the bullish tone. The market action in the S&Ps from a technical perspective looks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

G20 Summit, ECB And Jobless Claims To Be In Focus

Posted: 02 Nov 2011 03:20 PM PDT

11/02/11 Thursday’s trading session brings key US data on jobless claims, productivity and labor costs. The G20 summit kicks off, while the ECB announces its rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q3 Has Largest Gain In Homeownership Since 2004

Posted: 02 Nov 2011 03:11 PM PDT

The Census Bureau reported today that the U.S. homeownerhip rate increased to 66.3% in the third quarter from 65.9% in the second quarter (see chart above, data are not seasonally adjusted).  The 0.40% increase in the July-September period was the first gain in two years for the nation’s homeownership rate, and the largest quarterly increase in homeownership since the second quarter of 2004, more than seven years ago.  

Does that mean the seven-year decline in homeownership that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Office Depot

Posted: 02 Nov 2011 03:05 PM PDT

Office Depot Inc. (NYSE:ODP), the supplier of a range of office products and services across the globe, recently posted lower-than-expected third-quarter 2011 results.
Street analysts had a week to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term recommendation for the stock.
Last Quarter Synopsis
On October 25, Office Depot reported a break-even that missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Eastman Kodak Co.

Posted: 02 Nov 2011 02:57 PM PDT

Eastman Kodak Co. (NYSE:EK) will report its third-quarter 2011 earnings on Thursday, November 3, 2011. The current Zacks Consensus Estimate for earnings per share (EPS) is negative 41 cents, representing an annualized loss of 1,950%.  
With respect to earnings surprises, out of the trailing four quarters, Kodakunderperformedthe Zacks Consensus Estimate in three quarters. The average earnings surprise was a negative 900.02%, implying that the company has underperformed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific Sells 12.2% Stake

Posted: 02 Nov 2011 02:50 PM PDT

Canadian Pacific Railway Limited (NYSE:CP) has sold 12.2% stake to William A. Ackman, the founder and CEO of hedge fund Pershing Square Capital Management, L.P. The company sold approximately 20.6 million shares to Ackman but the terms of the agreement remain undisclosed.
The deal remains accretive to Canadian Pacific and is expected to enhance market value of its shares given the investment and strategic changes brought in by Ackman. It signifies the rapidly emerging market for rail freight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

N. Dakota, Michigan? 2 Fastest-Recovering States

Posted: 02 Nov 2011 02:43 PM PDT

Nov. 2 (Bloomberg) — “Michigan's economy is recovering from the recession at the second-fastest pace in the U.S., lifted by reviving carmakers and local manufacturers, according to a new Bloomberg index that tracks the pace of state growth.

The home to the U.S. automobile industry was topped only by North Dakota, where an oil boom is raising incomes and boosting government coffers at the nation's quickest rate. California, Massachusetts and Illinois round out the top five in the Bloomberg … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Simon Property

Posted: 02 Nov 2011 02:37 PM PDT

Simon Property Group Inc (NYSE:SPG) reported third quarter 2011 FFO (funds from operations) of $606.2 million or $1.71 per share compared with $318.5 million or 90 cents per share in the year-earlier quarter. The quarterly FFO exceeded the Zacks Consensus Estimate by 4 cents.
Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Thursday, Nov 3

Posted: 02 Nov 2011 02:30 PM PDT

 ( click to enlarge )

I’ve mentioned this stock pretty often lately as a possible breakout play. I wanted to put out a reminder since it is near a key breakout area. Sigma Designs, Inc. (NASDAQ:SIGM) is forming a symmetrical triangle with support at 7.80. I am expecting a breakout at 8.54 with a target of 10. So far, most indicators are in favor of an upward price movement: MACD has generated a buy signal and is currently above the 0 line and RSI is above its 50% level. In addition, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Human Genome Downgraded

Posted: 02 Nov 2011 02:28 PM PDT

We are downgrading Human Genome Sciences Inc. (NASDAQ:HGSI) to Underperform from Neutral following the disappointing third quarter 2011 results reported by the company. Our target price is $10.00.
The Rockville, Maryland-based company suffered a wider than-expected loss due to lower revenues. Revenues in the reported quarter plummeted 33% to $34.0 million. (Please read our detailed discussion on the earnings report: Weak Benlysta Sales Hurt Human Genome ).
The most alarming factor was the weak … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Clears Gen-Probe’s HPV Test

Posted: 02 Nov 2011 02:19 PM PDT

Diagnostic products maker Gen-Probe Inc (NASDAQ:GPRO) has received the green signal of the U.S. Food and Drug Administration ("FDA") for its APTIMA assay for the detection of human papillomavirus ("HPV") infections which are associated with cervical cancer. The company filed a pre-market approval ("PMA") application for the test with the FDA in late 2010. The APTIMA HPV assay is currently marketed in Europe.
HPV is one of the most prevalent sexually transmitted infections in the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T To Buy BankAtlantic

Posted: 02 Nov 2011 02:06 PM PDT

BB&T Corporation (NYSE:BBT) announced the signing of an agreement to acquire Florida-based BankAtlantic, a wholly-owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX). The transaction would allow the company to fast track its expansion strategy in Florida region.
Under the terms of the deal, BB&T will acquire $2.1 billion in loans and roughly $3.3 billion in deposits (90% core and low-cost funds) for $301 million premium, representing 9.05% of the deposits at BankAtlantic on September 30, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Partners Grows YoY

Posted: 02 Nov 2011 02:01 PM PDT

Williams Partners L.P. (NYSE:WPZ) has registered third-quarter 2011 earnings of 91 cents per limited-partner unit, which came in line with the Zacks Consensus Estimate. The quarter's results also improved 44% from the year-ago profit of 63 cents per unit.
Higher natural gas liquid (NGL) margins in its midstream business and higher fee-based revenue led to the significant year-over-year improvement.
Total revenue increased 26% year over year to $1,673 million, but failed to meet the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outsourcing Goes Into Reverse: More Reshoring

Posted: 02 Nov 2011 02:01 PM PDT

DETROIT NEWS — “A Royal Oak bead company expects to double its sales and bring jewelry manufacturing business back to America through a partnership with a design and manufacturing firm in Grand Rapids. Collegiate Bead Co., a 2-year-old manufacturer of licensed college and sorority beads and other collegiate jewelry, has joined with Terryberry LLC to bring the jewelry to market and expand its product line.

After manufacturing in China for a year, Collegiate Bead founder Dave Schowalter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Fed Comments Allows The Dow To Jump 178+ Points

Posted: 02 Nov 2011 09:00 AM PDT

11/02/11 NYFP’s Closing Bell Report: The Federal Reserve controlled the market trend today, pushing the Dow into positive territory, as mixed commentary and mostly strong … [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: 02 Nov 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3745, up 0.31% at time of writing.

The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4199, Friday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive’s October Metrics Up

Posted: 02 Nov 2011 01:52 PM PDT

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment has announced monthly brokerage data for October. The segment under review clears and settles trades globally for both individual and institutional clients.
Interactive's total customer accounts for the month of October were 185,900, up 1% from 152,900 in October 2010 and 22% from 183,900 in September 2011. However, though total customer Daily Average Revenue Trades (DARTs) rose 30% from the prior-year month, it fell 4% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 02 Nov 2011 01:45 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

GBP/USD was trading at 1.5943, down 0.04% at time of writing.

The pair was likely to find support at 1.5891, Tuesday's low, and resistance at 1.6166, Monday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Warranty Costs Hurt Itron

Posted: 02 Nov 2011 01:44 PM PDT

Itron, Inc. (NASDAQ:ITRI) has reported an EPS of 92 cents in the fiscal 2011 third quarter results, compared with $1.03 in the year-earlier quarter. Results were impacted by increased warranty costs. The EPS in the quarter fell short of the Zacks Consensus Estimate of $1.05.
The quarter excluded a non-cash goodwill impairment charge of $13.27 per share. Including this, Itron recorded a loss per share of $12.70 in the quarter versus 68 cents in the year-ago quarter.
Total revenue during the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quanta Beats Estimate, Down Y/Y

Posted: 02 Nov 2011 01:44 PM PDT

Quanta Services Inc. (NYSE:PWR) released its third-quarter 2011 results before the opening bell today, reporting adjusted earnings per share of 29 cents, above the Zacks Consensus Estimate of 24 cents but below the prior-year quarter earnings of 32 cents.
Total Revenue
Total revenue for the quarter was $1.25 billion compared with $1.21 billion in the prior-year quarter. The company's backlog in the quarter reached a record level at $7.2 billion. During the quarter, the company gained a number … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Cos Misses, Revises

Posted: 02 Nov 2011 01:31 PM PDT

Williams Companies (NYSE:WMB) reported weak than expected third quarter 2011 results, hurt by steeper operating costs.
Earnings per share, excluding special items, came in at 40 cents, missing the Zacks Consensus Estimate by a penny. Comparing year over year, earnings improved 81.8% from 22 cents.
The company generated revenues of $2.70 billion, failing to meet our expectation of $2.98 billion. However, sales climbed 17.5% from the prior-year level of $2.30 billion.
Total adjusted segment profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stratasys Reports Modest 3Q

Posted: 02 Nov 2011 01:31 PM PDT

Stratasys Inc. (NASDAQ:SSYS) reported earnings per share of 25 cents in the third quarter of 2011, outpacing the Zacks Consensus Estimate by 6 cents.
Revenue
Stratasys reported total revenue of $39.7 million in the third quarter of 2011, up 31.0% from $30.3 million in the year-ago quarter. Total revenue in the reported quarter includes contribution from the newly acquired Solidscape Inc. The acquisition was completed in April this year and contributed $2.9 million to the quarter's results.
This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Results From CenterPoint

Posted: 02 Nov 2011 01:24 PM PDT

CenterPoint Energy Inc. (NYSE:CNP) in the third quarter 2011 posted adjusted earnings of 38 cents per share, beating the Zacks Consensus Estimate and the year-ago quarterly earnings of 29 cents each.
On a reported basis the company clocked earnings of $2.27 per share versus 29 cents in the year-ago quarter. In the reported quarter the variance of $1.89 between reported and adjusted earnings per share came from the final resolution of appeals regarding the 2004 true-up order of the Texas Public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK 3Q Mixed, Lifts View

Posted: 02 Nov 2011 01:24 PM PDT

ONEOK Inc. (NYSE:OKE) reported earnings of 57 cents per share, up from 51 cents per share in the year-ago quarter. The quarterly results surpassed the Zacks Consensus Estimate by 2 cents.
The year-over-year growth was propelled by a solid performance at the ONEOK Partner segment. The segment benefited from strong natural gas liquids ("NGL") price differentials and higher volumes.
Total Revenue
Net revenues in the quarter shot up 22.2% to $3.59 billion from $2.94 billion reported in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Sees Best October Auto Sales

Posted: 02 Nov 2011 01:24 PM PDT

Light vehicle sales in the U.S. rose 7.5% to 1.02 million units during October, the best since October 2007, driven by strong sales of sports utility vehicles (SUVs) and trucks. At seasonally adjusted annualized rate, sales increased 8% to 13.3 million units from 12.3 million units in October 2010.
Total car sales escalated 7.4% to 468,533 units while sales of light trucks (minivans, sport utility vehicles and pick up trucks) went up 7.6% to 548,799 units (all including imports).
All the major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Becton’s FY11 Mixed, Guides Low

Posted: 02 Nov 2011 01:17 PM PDT

Becton, Dickinson and Company (NYSE:BDX) reported adjusted fourth-quarter fiscal 2011 earnings per share of $1.39, matching the Zacks Consensus Estimate while exceeding the year-ago earnings of $1.24. The adjusted earnings exclude a non-cash charge of $9 million (or 3 cents per share) associated with discontinuation of a research program.
For the full year, adjusted earnings of $5.62 a share trailed the Zacks Consensus Estimate by a couple of cents while exceeding the year-ago earnings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liquids Sales Drive Devon Energy

Posted: 02 Nov 2011 01:17 PM PDT

Devon Energy Corp. (NYSE:DVN) reported third-quarter 2011 adjusted EPS of $1.54, which was above the Zacks Consensus Estimate of $1.48.
On a GAAP basis, the company reported an EPS of $2.50 compared with the year-ago quarter EPS of $4.79, impacted by a one-time unrealized gain on oil, gas and natural gas liquids derivatives of $642 million before-tax ($415 million after-tax).
Operating Results
Devon's quarterly revenue of $3.5 billion ran past the Zacks Consensus Estimate of $2.6 billion and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Calls Off Debit-Card Fee

Posted: 02 Nov 2011 01:17 PM PDT

Bank of America Corp. (NYSE:BAC) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was under pressure to drop debit card fee as some of its rival companies including JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) already took similar actions.
Debit card fees became an industry trend last month after banks started suffering from revenue losses due to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hain Celestial Beats Estimates

Posted: 02 Nov 2011 01:17 PM PDT

The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products, posted healthy first-quarter 2012 financial results.
The quarterly earnings of 29 cents a share came a penny ahead of the Zacks Consensus Estimate, and climbed 16% from 25 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 26 cents compared with 21 cents a share earned in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Widens At Incyte

Posted: 02 Nov 2011 01:17 PM PDT

Incyte Corporation's (NASDAQ:INCY) third quarter 2011 loss of $0.42 per share was wider than the year-ago loss by $0.16. The wider year-over-year loss was attributable to higher operating expenses and lower revenues. The loss incurred by the company in the reported quarter was however narrower than the Zacks Consensus loss estimate by $0.03.
Total revenues in the reported quarter were almost flat at $16.8 million in the third quarter of 2011. Revenues marginally missed the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.53%

Posted: 02 Nov 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.53%, the S&P 500 index gained 1.61%, while the Nasdaq 100 index climbed 0.87%.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month whose figure was revised up from 91K.

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

Terex Beats, Guides Well

Posted: 02 Nov 2011 01:09 PM PDT

Terex Corp. (NYSE:TEX) reported third quarter results delivering an adjusted EPS of 30 cents versus a loss of 32 cents in the year-ago quarter. The EPS in the quarter was ahead of the Zacks Consensus Estimate of 22 cents.
Excluding the sale of shares of Bucyrus International, Inc., acquisition related items and certain other items in both periods; EPS was 33 cents in the quarter compared with a loss per share of 84 cents in the year-ago quarter.
Net sales at Terex increased 68% to $1.8 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KLA-Tencor Sees Trough In Q4

Posted: 02 Nov 2011 01:09 PM PDT

KLA-Tencor Corporation's (NASDAQ:KLAC) first quarter earnings came in line with the Zacks Consensus Estimate. Results were weak as expected due to the broad-based revenue decline that impacted margins in the last quarter. However, the lower tax rate helped.
Revenue
KLA reported revenue of $796.5 million, which was down 10.8% sequentially, up 16.7% year over year and within the guided range of $770-820 million. The technical complexity of manufacturing semiconductors and increasingly challenging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amerisafe Appears Safe

Posted: 02 Nov 2011 01:09 PM PDT

Amerisafe Inc.'s (NASDAQ:AMSF) third-quarter 2011 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. Including net realized gains of $0.51 million against a loss of $0.56 million in the year-ago period, reported net income was $6.7 million or 36 cents per share, compared with $4.4 million or 23 cents in the prior-year quarter.
Results … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Bows, Calls Off Debit-Card Fee

Posted: 02 Nov 2011 01:09 PM PDT

Bank of America Corp. (NYSE:BAC) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was under pressure to drop debit card fee as some of its rival companies including JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) already took similar actions.
Debit card fees became an industry trend last month after banks started suffering from revenue losses due to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down On Economic Data

Posted: 02 Nov 2011 01:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

USD/JPY was trading at 78.07, down 0.39% at time of writing.

The pair was likely to find support at 75.58, Monday's low, and resistance at 79.53, Monday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sierra Monitor Margins Tick Up

Posted: 02 Nov 2011 12:25 PM PDT

Sierra Monitor Margins Tick up
Ken Nagy, CFA

On November 1, 2011, Sierra Monitor Corporation (SRMC) the designer, manufacturer and seller of electronic safety and environmental instrumentation, reported financial results for its third quarter and nine months ended September 30, 2011.

Sierra Monitor reported mixed results with year over year third quarter revenues increasing $51,322 or 1.4 percent, to $3.803 million from $3.752 million for the comparable quarter of 2010.

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

Hhgregg Crashes Estimates

Posted: 02 Nov 2011 12:20 PM PDT

hhgregg Inc. (NYSE:HGG) reported second-quarter ended September 30, 2011 operating results. Income from continuing operations for the quarter was $6.0 million or 16 cents per share, well above the Zacks Consensus Estimate of 6 cents.
Net income and earnings increased 54% and 60%,r espectively, from the year-ago quarter. The increase was primarily attributable to a jump in net sales that was due to the net addition of 35 stores during the past 12 months.
Quarter in Detail
hhgregg's net sales rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GASX, BICK

Posted: 02 Nov 2011 12:15 PM PDT

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

Forex – USD/CHF Down On U.S. Data

Posted: 02 Nov 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

USD/CHF was trading at 0.8837, down 0.38% at time of writing.

The pair was likely to find support at 0.8598, Friday's low, and resistance at 0.8960, Tuesday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smaller Loss At Auxilium Pharma

Posted: 02 Nov 2011 12:05 PM PDT

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) reported a third quarter loss of 8 cents per share, well below the year-ago loss of 27 cents and the Zacks Consensus Estimate of a loss of 21 cents. Higher revenues boosted performance. Revenues, which increased 24.4% to $66.7 million, were marginally above the Zacks Consensus Estimate.
Quarter in Detail
During the reported quarter, total Testim sales increased 12% to $53.6 million. Testim revenues in the US were $52.9 million.
However, Testim faces … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alnylam Loss Tapers, Inks GSK Deal

Posted: 02 Nov 2011 11:50 AM PDT

Alnylam Pharmaceuticals Inc.'s (NASDAQ:ALNY) third quarter 2011 loss of 31 cents per share was narrower than the Zacks Consensus Estimate of a loss of 36 cents per share. Lower operating expenses led to the narrower loss despite lukewarm revenues in the quarter. The loss was however wider than the year-ago loss of 23 cents per share.
Revenues for the reported quarter fell 24.9% from the prior year to $20.8 million. Revenues were however slightly above the Zacks Consensus Estimate of $20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICE Firms Up Fundamentally

Posted: 02 Nov 2011 11:35 AM PDT

IntercontinentalExchange Inc.'s (NYSE:ICE) third quarter operating earnings of $1.87 per share were substantially ahead of the Zacks Consensus Estimate of $1.77 per share and $1.42 per share reported in the year-ago period.
Excluding certain acquisition-related costs, net operating income of $138 million surged 30.3% year over year in the reported quarter. Net income attributable to shareholders was $132.6 million or $1.80 per share, compared with $96.3 million or $1.29 per share in the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 2.25%

Posted: 02 Nov 2011 11:35 AM PDT

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

At the close of European trade, Germany's DAX rose 2.25%, London's FTSE 100 gained 1.15%, France's CAC 40 climbed 1.38% and the EURO STOXX 50 was up 1.42%.

Earlier in the day, official data showed that The rate of unemployment in Germany rose unexpectedly to a seasonally adjusted 7.0% last month from 6.9% in the preceding month.

Analysts had expected German unemployment rate to remain unchanged at 6.9% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 02 Nov 2011 11:35 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.

EUR/USD was trading at 1.3763, up 0.44% at time of writing.

The pair was likely to find support at 1.3609, Tuesday's low, and resistance at 1.4199, Friday's high.

Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Fed Speaks

Posted: 02 Nov 2011 11:32 AM PDT

Cusick’s Corner
The trade is quiet going into the Fed announcement and don’t forget that tomorrow the ECB will be meeting as well. Market players will be listening to Big Ben’s press conference to find out whether or not the Fed will extend the balance sheet, so watch the Gold action at if you hear him discuss that. If there are strong clues pointing to QE3, watch the Euro currency. At this stage we are all looking for that catalyst, potentially shaking out recent longs or shorts to reveal a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Slips To Loss, Lowers View

Posted: 02 Nov 2011 11:30 AM PDT

Orthopedic devices maker, Wright Medical Group (NASDAQ:WMGI) reported third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 16 cents, meeting the Zacks Consensus Estimate while exceeding the year-ago earnings of 14 cents per share. The stock dipped 12.6% to $14.50 in after-hours trading on November 1.
The company slipped to a net loss of $16 million (or 42 cents per share) in the reported quarter versus a net profit of $4.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LSI Corp Beats Estimates

Posted: 02 Nov 2011 11:20 AM PDT

LSI Corporation (NYSE:LSI) generated revenues of $547 million in the third quarter of 2011, up 20.7% year over year and 9.2% sequentially and surpassed management's expectations of revenues between $535 million and $565 million.
On May 6, 2011, LSI completed the sale of its external storage systems business to NetApp (NASDAQ:NTAP). The financial results of the external systems business have been classified as discontinued operations.
The company saw weakness in demand environment, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

El Paso Beats Sales, Lags EPS

Posted: 02 Nov 2011 11:15 AM PDT

El Paso Corporation (NYSE:EP) announced third-quarter 2011 operating earnings of 18 cents per share, falling short of the Zacks Consensus Estimate by 8 cents and lower than the year-ago figure by 4 cents.

GAAP loss per share in the quarter was 48 cents versus earnings of 19 cents in the third quarter of 2010.
The difference between GAAP and operating earnings during the reported quarter was due to the impact of a few one-time items. These are: a 14 cent gain from E&P financial derivatives, 20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myriad Beats Overall

Posted: 02 Nov 2011 11:15 AM PDT

Myriad Genetics (NASDAQ:MYGN) reported an EPS of 29 cents for the first quarter of fiscal 2012, beating both the Zacks Consensus Estimate of 27 cents and the year-ago quarter's EPS of 24 cents. Revenues were $110.5 million, up 20% year over year and higher than the Zacks Consensus Estimate of $107 million.
Myriad's two businesses – Molecular diagnostic testing and Companion diagnostic services – recorded revenues of $104 million (up 13% year over year) and $6.5 million, respectively. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shire Reports Revenue Growth

Posted: 02 Nov 2011 11:10 AM PDT

Shire's (NASDAQ:SHPGY) third quarter 2011 earnings (excluding special items) of $1.28 per American Depositary Share surpassed the year-ago earnings of $1.16 by 10%. Higher revenues boosted earnings. The Zacks Consensus Estimate was $1.30.
Quarter in Detail
Quarterly revenues of Shire increased 24% to $1,086 million, above the Zacks Consensus Estimate of $1,072 million. Increased product sales helped boost revenues. The rise in product sales more than offset the decline in royalties received during … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big 5 Beats Estimates

Posted: 02 Nov 2011 11:10 AM PDT

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) reported better-than-expected third-quarter 2011 results. The quarterly earnings of 27 cents per share came well ahead of its guidance range of 12–20 cents, handily beating the Zacks Consensus Estimate of 17 cents. However, earnings trailed 9.7% from 31 cents per share reported in the same quarter last year.
Quarter in Detail
Net sales came in at $234.7 million in the third quarter compared with $231.8 million in the year-earlier period. Sales beat the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Parsing The Fed Statement For Answers

Posted: 02 Nov 2011 10:55 AM PDT

The Federal Reserve just released its latest policy statement following a two-day meeting. Chairman Bernanke is holding a press conference to discuss the meeting and the future course of monetary policy.

Below we present the current statement, along with the statement from the September 21st meeting, broken out paragraph by paragraph. My interpretation/translation from “central bankerese” is interspersed.

The fed funds rate in the 0 to 0.25% range has been pledged to be kept through the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Oil Falls Short, Volumes Shrink

Posted: 02 Nov 2011 10:55 AM PDT

Denver-based Forest Oil Corporation's (NYSE:FST) third quarter 2011 earnings from continuing operations of 25 cents per share (excluding non-recurring items) missed the Zacks Consensus Estimate by a penny. The quarterly earnings were well below the year-earlier numbers of 32 cents.
The lackluster performance was mainly due to the lower natural gas price realization and net sales volumes, which were partially offset by the higher oil and natural gas liquids prices.
Total revenue in the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pioneer Beats On Volume Growth

Posted: 02 Nov 2011 10:50 AM PDT

Pioneer Natural Resources Company (NYSE:PXD) has reported third quarter 2011 adjusted earnings of $1.14 per share, outpacing the Zacks Consensus Estimate of 89 cents and showing solid growth from the year-earlier adjusted income of 35 cents. Better-than-expected results were mainly attributable to production growth in Spraberry field, Eagle Ford Shale and the Barnett Shale Combo.
Revenues in the quarter shot up 76% to $1,031.7 million from $585.8 million in the year-ago quarter.
Production
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RenaissanceRe Disappoints

Posted: 02 Nov 2011 10:40 AM PDT

RenaissanceRe Holdings Ltd. (NYSE:RNR) reported third quarter operating income of $32.7 million or 62 cents per share, lagging the Zacks Consensus Estimate of 84 cents. Operating income showed a sharp decline from $90.9 million or $1.59 reported in the year-ago quarter.
Net income also plunged 76% to $49.3 million or 95 cents from $204.8 million or $3.70 in the prior-year quarter.
Results deteriorated primarily due to investment losses and rising expenses, which more than offset the rise in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Misses By A Whisker

Posted: 02 Nov 2011 10:35 AM PDT

Marsh & McLennan Companies Inc. (NYSE:MMC) reported its third quarter operating earnings of 23 cents per share came in a penny lower than the Zacks Consensus Estimate, while  a penny higher than that reported in the year-ago quarter. Operating earnings, which exclude one-time items in both the periods, climbed to $127 million against $123 million.
With the steady recovery in the economic environment, Marsh & McLennan posted improved results on account of top line growth in all lines … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vistaprint Beats, Guides Higher

Posted: 02 Nov 2011 10:35 AM PDT

Vistaprint N.V. (NASDAQ:VPRT) has declared first quarter 2012 adjusted earnings of 31 cents per share, handily beating the Zacks Consensus Estimate of 12 cents. The better-than-expected results were driven by a double-digit growth in the top line.
However, earnings per share (EPS) decreased 14% year over year and touched the upper end of the company's guided range of 20–30 cents. On a GAAP basis, EPS decreased 21% to 19 cents during the quarter, surpassing the company's guided range of 7–17 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rare Earth Miners: The Most Exciting Sector Of Our Time

Posted: 02 Nov 2011 10:31 AM PDT

Sophisticated readers are well aware of the media's tendency to twist the news to fit the fashions of the day. Many members of the press earn their daily bread by manipulating the news with sensational headlines sure to grab readers, but unlikely to thoroughly inform the public on an admittedly complex issue. Bloomberg's recent article by Sonja Elmquist, "Rare Earths Fall as Toyota Uses Alternatives," is characteristically misleading.

First of all, this reporter fails to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Bit Of Fool’s Gold Today”

Posted: 02 Nov 2011 10:30 AM PDT

INT11/02/11 Meridian Equity Partners’ Stephen Guilfoyle discusses central bank monetary, the latest US employment data and price action in gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edison Int’l Beats On EPS, Ups View

Posted: 02 Nov 2011 10:25 AM PDT

Before the bell, Edison International (NYSE:EIX) reported third quarter 2011 results. In the reported quarter, the company clocked pro forma earnings of $1.31 per share above the Zacks Consensus Estimate of 1.27 per share. However, earnings came in below the year-ago quarterly pro forma earnings of $1.46 per share.
During the reported quarter, GAAP earnings per share matched the pro forms earnings. However, GAAP earnings were $1.56 per share in the prior-year period.
Revenue Update
Edison … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navigant Beats, Guides Higher

Posted: 02 Nov 2011 10:20 AM PDT

Navigant Consulting Inc. (NYSE:NCI) has reported third-quarter 2011 adjusted earnings per share of 21 cents, outpacing the Zacks Consensus Estimate of 19 cents. The better-than-expected results were driven by increased demand across the company's key practice areas.
Adjusted earnings per share also beat the year-earlier earnings of 16 cents. GAAP net income per share was 20 cents per share compared with 18 cents per share in third quarter 2010.
Navigant's total revenue climbed 16.9% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FBIZ: Raising To Outperform On Excellent Third Quarter

Posted: 02 Nov 2011 10:05 AM PDT

FBIZ: Raising to Outperform on Excellent Third Quarter
Ann Heffron, CFA

We are raising our recommendation on First Business Financial Services, Inc. (FBIZ) to Outperform from Neutral following third quarter results. FBIZ had an exceptional third quarter, beating our estimate by $0.26 and posting diluted EPS of $0.83. This was more than double the prior-year quarter's $0.38 and well above our $0.57 EPS estimate.

Third quarter results were boosted by a gain in net interest income from a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Partners Post Strong Results

Posted: 02 Nov 2011 10:05 AM PDT

Master limited partnership ONEOK Partners L.P. (NYSE:OKS) reported exceptionally strong third quarter results, reflecting a year-over-year earnings growth of 56%. The partnership's earnings for the quarter came in at 84 cents per unit compared to 54 cents earned in the year-ago quarter.
Earnings for the quarter also compared favorably with the Zacks Consensus Estimate of 64 cents, implying a positive surprise of 31.3%.
The exceptionally strong results were driven by solid results at its natural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unum Group Lags By A Penny

Posted: 02 Nov 2011 10:05 AM PDT

Unum Group (NYSE:UNM) reported third-quarter operating income of 74 cents per share, lagging the Zacks Consensus Estimate by a penny. Results compare favorably with 68 cents earned in prior-year period. Operating income was $221.5 million in the quarter, up 0.7% from $219.9 million in third-quarter 2010.
Strong results at Unum US and Individual Disability – Closed Block attributed to the better-than-expected results. Share buyback also aided the bottom … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fiserv Tops Estimates

Posted: 02 Nov 2011 10:05 AM PDT

Fiserv Inc. (NASDAQ:FISV) reported an adjusted income from continuing operations of $166 million or $1.16 per share in the third quarter of 2011 compared to a net income of $163 million (excluding items) or $1.13 per share in the second quarter of 2011 and a net income of $157 million or $1.04 per share in the year-ago quarter.  Earnings surpassed the Zacks Consensus Estimate of $1.14.
Including one-time items, net income from continuing operations came in at $127 million or $0.89 per diluted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Net Beats, Ups Guidance

Posted: 02 Nov 2011 10:05 AM PDT

Health Net Inc. (HNT) reported third-quarter income of $85 million or 96 cents per share, which surpassed the Zacks Consensus Estimate of 83 cents. The income was also higher than $71.3 million or 73 cents earned in the prior-year quarter.
The reported income excludes an $18.6 million pre-tax loss related to the run-out of the company's remaining North-East operations and a $4.6 million pre-tax expense related to the company's administrative cost reduction efforts. Prior-year income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reserve Bank Of Fiji Cuts Rate 100bps To 0.50%

Posted: 02 Nov 2011 09:51 AM PDT

The Reserve Bank of Fiji cut its overnight policy rate by 100 basis points to 0.50% from 1.50% previously, in order to support economic growth in the context of an uncertain global outlook.  Acting Chairman, Deo Saran, said: ”The weaker outlook on global and domestic growth warrants such a move, particularly at this juncture where foreign reserves levels are comfortable and the outlook is stable, while inflation is expected to moderate over the coming months,”

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

Dollar Rebounds On Eurozone Uncertainty

Posted: 02 Nov 2011 04:45 AM PDT

11/02/11 The US dollar ebounded this afternoon as investors focused on eurozone debt crisis concerns including the bailout referendum by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Federal Reserve Keeps Policy Settings Unchanged

Posted: 02 Nov 2011 09:35 AM PDT

The US Federal Open Market Committee (FOMC) held the fed funds rate unchanged at 0 to 0.25 percent, and made no other changes to its policy. The Fed said: “To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: USTEC

Posted: 02 Nov 2011 06:02 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
A late session surge in the USTEC triggered a breakout to the upside of a triangle chart pattern on the 60-minute chart. The close over the resistance line was weak, but it put the market in a position to take out a pair of swing tops at 2326.00 and 2332.00. A move through these levels is likely to trigger an acceleration to the upside with the Autochartist forecast zone at 2346.85 to 2379.83 the next likely target.

The overall quality rating is an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forbidden Technologies Makes Further Advances In Post-production Market

Posted: 02 Nov 2011 05:22 AM PDT

Forbidden Technologies (LON:FBT), the developer of the market leading Cloud-based video platform FORscene, reported this morning that Manchester-based post-production company that Sumners has chosen to provide FORscene as its logging and rough cut editing platform.

Sumners' ethos is to provide focused client services and a professional team of creative talent for a wide range of genres within television and film. Through nearly 20 years of operation the company has established a reputation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conygar Deal With Sainsbury’s Brings Momentum To Haverfordwest Development

Posted: 02 Nov 2011 05:12 AM PDT

Real estate investment group Conygar Investment Company (LON:CIC) has exchanged contracts with supermarket group J Sainsbury (LON:SBRY) for the sale of nine acres for a new store on its 93 acre development site at Haverfordwest, Pembrokeshire, subject to the obtaining of a suitable planning consent. Conygar intends to submit a planning application early next year for a retail food store comprising 60,000 square feet of sales floor space, restaurant, 500 space car park and filling station. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, November 3, 2011

Posted: 02 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, November 3, 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
110.27
0.00
110.08
109.41

Bullish

BND – Vanguard Total Bond Market ETF
83.98
− 0.06
83.79
83.26

Bullish

DBC – DB Commodity Index Tracking Fd
27.56
+ 0.62
27.56
27.99

Neutral

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 Thursday, November 3, 2011

Posted: 02 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, November 3, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1234.25
+ 0.80
1235.64
1262.25

Bearish

Dow Jones – Dec YMZ1
11768
+ 0.74
11788
12009

Bearish

Nasdaq – Dec NQZ1
2314.50
+ 0.48
2325.50
2364.00

Bearish

Russell – Dec TFZ1
729.90
+ 1.61
728.81
743.87

Neutral

INTEREST RATES

US T-Bond – Dec ZBZ1
141-24
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, November 3, 2011

Posted: 02 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, November 3, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0346
+ 0.16
1.0441
1.0589

Bearish

EURUSD – Euro / US Dollar
1.3746
+ 0.35
1.3805
1.4066

Bearish

GBPUSD – British Pound / US Dollar
1.5949
+ 0.02
1.6006
1.6052

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0143
− 0.56
1.0088
1.0006

Bullish

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

The Trend Trader For Stock Trading On Thursday, November 3, 2011

Posted: 02 Nov 2011 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, November 3, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.70
+ 2.88
10.67
11.11

Neutral

AXP – American Express Company
50.32
+ 2.71
50.24
50.92

Neutral

BA – Boeing Co
64.40
+ 1.95
64.65
66.83

Bearish

BAC – Bank of America Corporation
6.72
+ 5.00
6.69
7.07

Neutral

CAT – Caterpillar Inc
93.94
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Sugar

Posted: 02 Nov 2011 03:02 AM PDT

By ForexMansion.com
By Jonah S. Ford
Sugar futures established a base for a possible rally during last week's price consolidation near the 25-cents per pound level. Autochartist has identified this as the lower end of a broad Channel Down chart pattern, with a projection for a move higher towards resistance in the near term.

The Channel Up pattern began forming after the swing high above 27-cents per pound and has made consistent tests of both the upper and lower boundaries of the channel. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Poland’s Power Play For Energy

Posted: 01 Nov 2011 10:00 PM PDT

Poland is setting the stage to become a rising player in the European natural gas market. Europe has long been reliant on Russia for its supply of natural gas, but domestic discoveries of shale gas—along with strong governmental support for drilling—might soon catapult Poland to the forefront of the energy landscape.
According to BP's 2011 Statistical Review of World Energy, Poland's production of natural gas has been relatively flat over the past 40 years. The country historically … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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