DailyMarkets.com - Hourly SP500 Fibonacci Retracement Grids For The End Of November

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• Hourly SP500 Fibonacci Retracement Grids For The End Of November
• NextEra Unit Files For Lower Rates
• National Bank Of Georgia Reduces Rate 25bps To 7.00%
• Mattel To Witness Management Churn (revised)
• Prologis Raised To Neutral
• Hot Option Plays: Grind Continues
• Hot Option Plays: Volatility Picks Up At The Close
• Hot Option Plays: The European Triangle
• Hot Option Plays: Weakness Continued
• Hot Option Plays: Opening Advance Pushed Back
• Hot Option Plays: Some Sectors Held Up After A Rough Week
• Hot Option Plays: Scalpers Delight
• GD’s Support Order For Navy Vessels
• Patterson Misses, Narrows View
• Gilead To Buy Pharmasset For $11B
• Eni Extends Indonesian Ties
• Greco-Roman Economics
• ASA Staffing Index Reaches New High For 2011
• CPKF: Continue Outperform On Solid Third Quarter
• GDP Revisions
• Bayer Cut To Underperform
• Suntech Misses, Records Loss
• CA Vineyard Tried To Hire Americans, But It Was A Total Failure, A “Social Experiment Gone Awry”
• Forex – USD/JPY Up During The U.S. Session
• Willis: “Technicals Keeping Market In Framework”
• Analog Devices Misses Again
• Chevron Fined For Brazil Oil Spill
• Medtronic Beats Estimates
• Hormel Barely Misses, Revs Up
• AT&T, America Movil Share Network
• Analyst Interviews: Restaurant Industry Stock Review
• Kellogg Slips To Sell
• European Markets Close Lower; Dax Down 1.22%
• Campbell Beats On Bottom Line
• The First Amendment Upside Down. Why We Must Occupy…
• IsoRay Trails Estimates In 1Q
• Euro Keeps Swinging
• Arris Completes BigBand Acquisition
• McKesson Keeps Neutral Tag
• Loews At Neutral
• CME To Launch New Brent Contracts
• Rate Hike Persists At United Parcel
• Look For Margins To Grow As Adisn Is Phased Out
• US Stocks Dip Into Red, Q3 Growth Cut
• Forex – Dollar Modestly Lower On U.S. GDP, Debt Fears
• Natural Gas Futures Turn Lower With Inventory Data In Focus
• As Equities Rise, So Does Crude
• Forex – GBP/USD Erases Losses After U.S. GDP Reading
• Gold Adds To Gains After U.S. GDP, EU Debt Woes In Focus
• Forex – EUR/USD Clings To Gains After U.S. GDP Data
• Global Equities Rebound On S&P Call

Hourly SP500 Fibonacci Retracement Grids For The End Of November Posted: 22 Nov 2011 12:13 PM PST If you're following Fibonacci Retracements, these tools have worked well in finding price support during the recent sell-off. Let's take a look at two short-term Fibonacci Retracement grids on the S&P 500 and note where these grids converge. First, the shorter term hourly intraday grid: Starting with the October 4th low, I've drawn a textbook grid to the recent October 27th high, and we see the resulting downward Fibonacci Retracement levels against the "October Rally." While … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NextEra Unit Files For Lower Rates Posted: 22 Nov 2011 12:05 PM PST With an objective to pass on the benefits of lower input costs to its customers, Florida Power & Light Company ("FPL"), an electric utility unit of NextEra Energy Inc. (NEE), has filed an application to Florida Public Service Commission ("PSC"). If the application is accepted by PSC, residential customers using 1,000 kilowatt/hr (Kwh) will enjoy a benefit of $4.53 per month in 2012 due to an anticipated decline in natural gas prices. However, after considering all other factors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Georgia Reduces Rate 25bps To 7.00% Posted: 22 Nov 2011 11:59 AM PST The National Bank of Georgia reduced its benchmark refinancing interest rate by 25 basis points to 7.00% from 7.25%.  The Bank said: “Given that the total output is below the potential and the existing forecasts indicate that the inflation in the next year will remain below the target, the Monetary Policy Committee of the NBG considered it appropriate to continue easing the monetary policy and decided to decrease the policy rate by 25 basis points.” The Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mattel To Witness Management Churn (revised) Posted: 22 Nov 2011 11:50 AM PST Mattel Inc. (NYSE:MAT) recently announced that Robert A. Eckert, who has served as the company's Chief Executive Officer (CEO) for more than a decade, will step down from his position at the end of the year. Bryan G. Stockton, the Chief Operating Officer (CFO) of the company, will take his position as the new CEO on the first day of the coming year. Eckert joined Mattel in May 2000 as the chairman and CEO and since then has played a key role in the development of the company and has also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Raised To Neutral Posted: 22 Nov 2011 11:50 AM PST We have recently upgraded our recommendation for Prologis Inc. (PLD), a leading industrial real estate investment trust (REIT), to Neutral from Underperform as we anticipate it to perform in line with the broader market. The change in recommendation is also driven by the fact that the company has reported strong third quarter 2011 results. Prologis reported third quarter 2011 fund from operations (FFO) of $0.45 per share compared with $0.48 in the year-earlier quarter. Fund from operations, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Grind Continues Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner I will have to be brief today because I am on the road traveling to the Las Vegas Traders Expo. The market looked weak early, Tech is weak right now, but Energy, XLE, Consumer Staples, XLP, and Industrials, XLI, are all out performing the S&Ps, SPY, that acts like the backbone for the market. There has not been much for either side to bite into, so I expect the grind to continue. I will be watching Euro/Dollar moves, the buck has been weakening into the Midday. See you After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Volatility Picks Up At The Close Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner The major sectors are now right at support, SPY at 124, XLF at 12.75 and IWM right above 73. The Small Caps are most troubling, these higher beta stocks have for the first time been backing off resistance at 74. I will be watching the overnight trade, which after this late day pullback, could trigger even deeper uncertainty. This may potentially pressure out the weaker hands that were late to this most recent rally, potentially challenging support. Watch 1220 on the S&Ps. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: The European Triangle Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner In yesterday’s Corner I mentioned that the overnight session in the S&Ps could have some stress, the market took the S&Ps right to and through the level that I had my eye on at 1220. This is a critical challenge on the lower trendline, creating a technical pattern called a “Triangle”. With Spain’s bonds trading at a yield above 7%, there are still considerable questions on the EFSF capabilities to get the necessary funding. The market held this morning supported by all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Weakness Continued Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner The weakness looked like it was going to continue early into the afternoon, the S&Ps finished the day off the worst levels, closed at 1206 which is near critical support. Tomorrow’s expiration may potentially add some additional volatility especially in the morning. The reality is that we will not really be able to get a good pulse until next week after expiration. All the rhetoric has to be monitored but with the most recent data, this has to be taken with a grain of salt. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Opening Advance Pushed Back Posted: 22 Nov 2011 11:41 AM PST Cusick’sCorner The market this morning is tight both in range and volume. The shorts easily pushed back the opening advance, stopping the S&Ps at the mid 1220′s. While it is quiet on this expiration Friday, make sure that you are managing your November options. The market could pick up some potential volatility, so clean up your position risk for November and get ready for next week’s trade. The internals, meaning market breadth/VIX/Momentum, are still bullish. But what may be tempering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Some Sectors Held Up After A Rough Week Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner The market held into the close, 1215 on the S&Ps, which does help the October advance stay intact in the medium term. When you look at sectors like Tech, QQQ/XLK, Consumer, XLY, Industrials, XLI, Finance, XLF, they are holding up after a rough week right at support. It’s a plus for the S&Ps to hold at this juncture, but I did not like seeing the Small Caps, IWM/RUT, break at resistance a lot harder than their Large Cap buddies. If the Small Caps lead a break, i.e. IWM … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Scalpers Delight Posted: 22 Nov 2011 11:41 AM PST Cusick’s Corner First, I want to apologize for the sporadic times that the newsletter has been going out, I have been on a crazy schedule and I will work on it. As far as the market is concerned, not much has changed from the midday. The bid did hold, 1185 on the S&Ps, but with EU debt and Washington’s Super Committee on the brain of all investors, it appears as though scalpers were the only participants who were active today. See you Midday. Stock market averages suffered losses on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD’s Support Order For Navy Vessels Posted: 22 Nov 2011 11:35 AM PST General Dynamics Information Technology, a business unit of General Dynamics Corporation (NYSE:GD), has received a five-year indefinite-delivery, indefinite-quantity contract from the Carderock Division of the U.S. Navy’s Naval Surface Warfare Center for the support of Hull, Mechanical and Electrical ("HM&E") Machinery and Systems. If all options are exercised, the contract has a potential value of $73.3 million. Under the contract, General Dynamics will be responsible for prototype … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patterson Misses, Narrows View Posted: 22 Nov 2011 11:35 AM PST Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted second-quarter fiscal 2012 (ended October 29) earnings of 43 cents a share, which missed the Zacks Consensus Estimate by 4 cents and trailed the year-ago earnings of 45 cents. Net income slid 8.3% year over year to roughly $48.95 million, hurt by costs associated with the company's Employee Stock Ownership Plan ("ESOP"). Barring the impact, Patterson reported earnings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gilead To Buy Pharmasset For $11B Posted: 22 Nov 2011 11:20 AM PST Gilead Sciences, Inc. (NASDAQ:GILD) announced recently that it has entered into a definitive agreement to acquire Pharmasset, Inc. (NASDAQ:VRUS), a maker of drugs for the treatment of chronic hepatitis C virus (HCV), for $11 billion. Gilead will pay $137 for each share of Pharmasset which represents an 89% premium to Pharmasset’s closing share price on November 18, 2011. The transaction, approved by Pharmasset’s board of directors, is expected to close in the first quarter of 2012 and is expected to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Extends Indonesian Ties Posted: 22 Nov 2011 11:05 AM PST Italian energy major Eni SpA (NYSE:E) announced that its Indonesian unit has won two new Production Sharing Contracts (PSCs) in the country – one in the West Papua Province and the other in the offshore East Kalimantan Province. Eni has won 100% interest in the Arguni I license in the West Papua Province of eastern Indonesia. The company intends to drill two wells on the block – located onshore and offshore in the Bintuni Basin – within the first 3 years of exploration using 2D and 3D … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greco-Roman Economics Posted: 22 Nov 2011 11:05 AM PST Greco-Roman wrestling is a permanent fixture in the Olympic Games. But little did we guess that this would play out in the financial world, and that it would have to wrestle with the quagmire that is Greece and Italy. Both Greece (Debt-to-GDP – 143% in 2010 – Eurostat) and Italy (Debt-to-GDP – 119% in 2010 – Eurostat) have lived beyond their means. When expenditure cuts and raising revenues should be the focus, the countries appear to be dithering. It is a bitter pill for spendthrift … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ASA Staffing Index Reaches New High For 2011 Posted: 22 Nov 2011 11:01 AM PST Today the American Staffing Association (ASA) reported its weekly Staffing Index, which reached a new year-to-date high of 92 for the week of November 7-13 (see chart above), the highest level since mid-December last year.  The index level of 92 last week was just slightly lower than the 93 reading for the comparable week last year, but was above the level for the same week two years ago (80) and  the same week three years ago (85).  The ASA Staffing Index is considered to be a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CPKF: Continue Outperform On Solid Third Quarter Posted: 22 Nov 2011 10:55 AM PST CPKF: Continue Outperform on Solid Third Quarter Ann Heffron, CFA We are continuing our Outperform recommendation on Chesapeake Financial Shares, Inc. (CPKF) on solid third quarter performance. CPKF reported 2011 third quarter net earnings of $1.8 million, or $0.56 per diluted share, $0.04 better than our $0.52 diluted EPS estimate. This outperformance primarily reflected positive variances in both net interest income and other noninterest expense relative to our third quarter estimates, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GDP Revisions Posted: 22 Nov 2011 10:50 AM PST Third quarter GDP growth came in at 2.0% (2.5% on the first read). That is well below consensus expectations of 2.5% growth. That is still much better than as the 1.3% pace in the second quarter, and five times as fast as the anemic 0.4% pace in the first quarter. Further, the quality of the growth was very good, as the change in inventories was a significant drag on growth. Almost all of the downward revision to overall GDP growth is due to the bigger drag from inventory investment. Absent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bayer Cut To Underperform Posted: 22 Nov 2011 10:50 AM PST We recently downgraded Bayer (BAYRY) to Underperform from Neutral purely on valuation grounds. We believe that the stock is overvalued at current levels. Even though the US Food and Drug Administration (FDA) cleared Bayer/ Johnson & Johnson's (NYSE:JNJ) potential blockbuster blood thinner Xarelto for stroke prevention in atrial fibrillation (SPAF) earlier in the month, the associated warning that discontinuation of the drug increases the risk of stroke in SPAF patients could hamper its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Suntech Misses, Records Loss Posted: 22 Nov 2011 10:50 AM PST Suntech Power Holdings Company Ltd. (NYSE:STP) posted a third quarter adjusted loss of 64 cents per American Depositary Share (ADS), falling behind the Zacks Consensus Estimate of 21 cents loss per ADS. Results also came in below the year-ago adjusted earnings of 18 cents per ADS. Operational Results          Suntech registered total net revenues of $809.8 million, compared to $830.7 million in the second quarter of 2011 and $743.7 million in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Vineyard Tried To Hire Americans, But It Was A Total Failure, A “Social Experiment Gone Awry” Posted: 22 Nov 2011 10:46 AM PST “With a nearly 12 percent unemployment rate in California, you’d imagine most job openings would have applicants lined up around the block, but one local man says he had a difficult time keeping almost any workers on the job. John Salisbury owns Salisbury Vineyards in Avila Valley and Paso Robles. He needed 32 grape pickers fast for the harvest season in late September and put the call out for anyone to apply, even if they didn’t have any experience, advertising on his website and on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During The U.S. Session Posted: 22 Nov 2011 10:45 AM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on GDP. USD/JPY was trading at 76.97, up 0.11% at time of writing. The pair was likely to find support at 76.58, Friday's low, and resistance at 77.32, today's high. Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “Technicals Keeping Market In Framework” Posted: 22 Nov 2011 10:40 AM PST 11/22/11 Sunrise Securities’ Ben Willis discusses spiking Spanish bond yields, global economic data and key technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analog Devices Misses Again Posted: 22 Nov 2011 10:35 AM PST Analog Devices' (NYSE:ADI) fiscal fourth quarter earnings missed the Zacks Consensus Estimate by 3 cents, or 4.8%. Revenue missed the consensus by 8.2%. Particular weakness in the communications and industrial markets led to weaker-than-expected revenue. This, in turn, impacted margins. The guidance was also below our expectations, but the market appears to have priced in the weakness, given that other analog players, such as Linear Technology Corp (NASDAQ:LLTC), Maxim Integrated Products (MXIM) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Fined For Brazil Oil Spill Posted: 22 Nov 2011 10:35 AM PST U.S. energy behemoth Chevron Corp. (CVX) has been slapped with a fine of R$50 million ($28 million) by Brazil’s environmental regulator – the Brazilian Institute of the Environment and Renewable Natural Resources, or Ibama – following an oil leak 74 miles off the coast of Rio de Janeiro.   The ruling came after the super-major accepted full responsibility for the spill that began at its deepwater Frade field on November 7, about 230 miles from the beaches of Rio de Janeiro. Chevron's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medtronic Beats Estimates Posted: 22 Nov 2011 10:35 AM PST Medtronic Inc. (NYSE:MDT) reported an adjusted EPS of 84 cents in the second quarter of fiscal 2012, a couple of cents above the Zacks Consensus Estimate and the year-ago quarter.   Revenues were $4.132 billion in the quarter, up 6% (up 3% at constant exchange rates or CER) year over year and higher than the Zacks Consensus Estimate of $4.066 billion. Medtronic recorded 44% of its total sales from the international market during the quarter, which climbed 14% year over year (6% at CER) to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hormel Barely Misses, Revs Up Posted: 22 Nov 2011 10:35 AM PST On November 22, Hormel Foods Corporation (HRL) posted financial results for the fourth quarter and fiscal 2011 with an EPS of 43 cents, down 4% compared with 45 cents in the prior-year period. The recorded EPS marginally surpassed the Zacks Consensus Estimate by a penny. For FY11, diluted net earnings per share were recorded at $1.74, up 15% from diluted adjusted net earnings per share of $1.51 and 19% from U.S. GAAP diluted earnings per share of $1.46 recorded in FY10. Net earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T, America Movil Share Network Posted: 22 Nov 2011 10:20 AM PST The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) and the Mexican telecom giant America Movil (NYSE:AMX) entered into a contract to share each other networks. The partnership allows both companies to expand and enhance their respective networks in key markets throughout the world, including growth regions like Latin America, Asia and the Middle East. As per the terms of the agreement, AT&T will expand its presence in Latin America using America Movil networks in 15 countries. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Restaurant Industry Stock Review Posted: 22 Nov 2011 10:05 AM PST The restaurant industry is showing improvements and seems poised for long-term growth, but concerns about the health of the U.S. economy and the nagging sovereign debt issues in Europe pose some risks to this outlook. However, if we look back at the last few months, restaurant operators managed to post improved results riding on the back of modest traffic improvement and the consequent rise in comparable-store sales. A recent survey by the National Restaurant Association revealed that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kellogg Slips To Sell Posted: 22 Nov 2011 10:05 AM PST Following the third quarter 2011 earnings, we have downgraded our recommendation on Kellogg, Inc. (NYSE:K) to Sell from Hold. Kellogg posted weak third-quarter 2011 earnings of 80 cents per share, which lagged the Zacks Consensus Estimate by 10.1% and the prior-year earnings by 11%, on the back of economic slowdown, increased cost of goods sold, increased supply-chain costs and reinstatement of incentive compensation costs. The cost of commodities, energy and fuel soared and peaked in the year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 1.22% Posted: 22 Nov 2011 10:05 AM PST Forexpros – European stocks were down after the closing bell on Tuesday. At the close of European trade, Germany's DAX fell 1.22%, London's FTSE 100 shed 0.30%, France's CAC 40 declined 0.84% and the EURO STOXX 50 was down 1.09%. Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 2.0% in the last quarter from 2.5% in the preceding quarter. Analysts had expected U.S. gross … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Campbell Beats On Bottom Line Posted: 22 Nov 2011 09:55 AM PST Campbell Soup Company (NYSE:CPB) reported a flat year-over-year earnings for first-quarter 2012. The quarterly earnings of 82 cents per share however surpassed the Zacks Consensus Estimate of 80 cents. A reduction in total number of outstanding shares due to the company's share repurchase program benefited Campbell. During the quarter, net sales inched down 0.5% from the prior-year quarter to $2,161.0 million, missing the Zacks Consensus Estimate of $2,214.0 million. The decrease was primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The First Amendment Upside Down. Why We Must Occupy… Posted: 22 Nov 2011 09:51 AM PST The First Amendment Upside Down. Why We Must Occupy Democracy You've been seeing this across the country … Americans assaulted, clubbed, dragged, pepper-sprayed … Why? For exercising their right to free speech and assembly — protesting the increasing concentration of income, wealth, and political power at the top. And what's Washington's response? Nothing. In fact, Congress's so-called "supercommittee" just disbanded because Republicans refuse to raise a penny of taxes on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IsoRay Trails Estimates In 1Q Posted: 22 Nov 2011 09:50 AM PST Medical isotope maker IsoRay Inc’s (ISR) first-quarter fiscal 2012 (ended September 30) loss per share of 4 cents was a penny higher than the Zacks Consensus Estimate and in line with the year-ago loss. Net loss (applicable to common shareholders) widened 26% year over year to $1.1 million as the Washington-based company witnessed a decline in its top line. The company, which makes the Cesium-131 internal radiation therapy (brachytherapy) isotope, posted product sales of roughly $1.21 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Keeps Swinging Posted: 22 Nov 2011 04:45 AM PST 11/22/11 The euro currency continued to swing between gains and losses this afternoon following an array of mixed economic reports. Howeverm the currency has been, for the most part, on the upside against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arris Completes BigBand Acquisition Posted: 22 Nov 2011 09:40 AM PST Arris Group Inc. (NASDAQ:ARRS) today announced that it has completed its proposed acquisition of BigBand Networks Inc. for a total consideration of approximately $172 million in cash. However, after adjusting $119 million of net cash in the hands of BigBand, Arris paid a net $53 million to acquire the former. The acquisition was conducted through a tender offer for all of BigBand's outstanding shares. Mr. Rajive Dhar, formerly the SVP of corporate development and strategic planning of BigBand, has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McKesson Keeps Neutral Tag Posted: 22 Nov 2011 09:15 AM PST We continue to have a Neutral recommendation on McKesson Corporation (NYSE:MCK) with a target price of $87.00. The company operates through two segments: Distribution Solutions and Technology Solutions. McKesson is a major player in the pharmaceutical and medical supplies distribution market. The company's Distribution Solutions segment continues to perform well, with sales increasing to $108.9 billion in fiscal 2011 (ended March 31, 2011). This segment caters to a wide range of customers and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loews At Neutral Posted: 22 Nov 2011 09:05 AM PST We are retaining our Neutral rating on Loews Corporation (NYSE:L) as the company's performance was weighed upon by lower limited partnership investment results and elevated natural catastrophe losses at CNA and a weaker performance of equity-based investment in the Loews holding company portfolio. Loews reported third-quarter adjusted net income of 44 cents per share, lagging the Zacks Consensus Estimate by 10 cents, though results were far ahead of 5 cents earned in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME To Launch New Brent Contracts Posted: 22 Nov 2011 08:54 AM PST Yesterday, CME Group Inc. (NASDAQ:CME) announced the launch of NYMEX Brent 25-day (Platts) futures and options contracts. The option contracts will be of various types, namely, American-style, European–style and average price options, along with an underlying calendar swap. While the contracts will start trading on December 12, 2011, they will be listed on the New York Mercantile Exchange (NYMEX) in February 2012. Consequently they will be subject to the rules and regulations of NYMEX. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rate Hike Persists At United Parcel Posted: 22 Nov 2011 08:35 AM PST United Parcel Services (NYSE:UPS) has increased its freight rates by 4.9% on all ground, air and international shipments. The increase is effective January 2, 2012. The company offers a variety of less-than-truckload (LTL) and truckload (TL) services to customers through its Freight segment, which remains a significant revenue contributor. Despite the current economic volatilities, the broader market and the company remain well positioned to benefit from firming industrial fundamentals and the LTL … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Look For Margins To Grow As Adisn Is Phased Out Posted: 22 Nov 2011 08:35 AM PST Look for Margins to Grow as Adisn is Phased Out Ken Nagy, CFA CrowdGather, Inc. (CRWG) is an Internet company that specializes in the development and hosting of forum based Web sites. The firm endeavors to monetize a network of online forums and message boards. Forums remain a much undervalued part of the internet pie with $4.5 billion and CrowdGather is the only public company dedicated to monetizing this area.  More page results equate to more revenue as page views have jumped from 12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Dip Into Red, Q3 Growth Cut Posted: 22 Nov 2011 08:30 AM PST 11/22/11 Wall Street edged lower after digesting weaker-than-expected GDP data and weighing debt concerns over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Modestly Lower On U.S. GDP, Debt Fears Posted: 22 Nov 2011 08:03 AM PST Forexpros – The U.S. dollar remained modestly lower against its major counterparts on Tuesday, after a downward revision to U.S. third quarter growth and as concerns over debt levels in the U.S. and Europe continued to weight on market sentiment. During U.S. morning trade, the dollar was slightly lower against the euro, with EUR/USD inching up 0.04% to hit 1.3493. The Commerce Department's second estimate of third quarter gross domestic product showed that the U.S. economy grew at an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Turn Lower With Inventory Data In Focus Posted: 22 Nov 2011 07:54 AM PST Forexpros – Natural gas futures erased gains on Tuesday, retreating from a three-day high as ongoing concerns over record high storage levels in the U.S. outweighed forecasts for colder-than-normal temperatures. On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.381 per million British thermal units during U.S. morning trade, shedding 0.51%. It earlier fell by as much as 0.65% to trade at a daily low of USD3.376 per million British thermal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

As Equities Rise, So Does Crude Posted: 22 Nov 2011 02:45 AM PST 11/22/11 A rebound in front month crude prices this morning above $98 a barrel can be attributed to the S&P stating that the US credit rating will be unaffected by the failure of the super committee to agree on deficit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Erases Losses After U.S. GDP Reading Posted: 22 Nov 2011 07:27 AM PST Forexpros – The pound erased losses against the U.S. dollar on Tuesday, boucing off a six-week low after revised data showed that the U.S. economy grew at a slower rate than initially estimated in the third quarter. GBP/USD pulled back from 1.5581, the pair's lowest since October 12 to hit 1.5654 during U.S. morning trade, rising 0.07%. The pair was likely to find support at 1.5541, the low of October 12 and resistance at 1.5715, the high of September 29. The U.S. Commerce Department's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Adds To Gains After U.S. GDP, EU Debt Woes In Focus Posted: 22 Nov 2011 07:23 AM PST Forexpros – Gold futures extended gains on Tuesday, recouping some of the previous day's sharp decline after revised data showing that the U.S. economy grew at a slower pace than initially estimated in the third quarter. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,700.05 a troy ounce during U.S. morning trade, rallying 1.28%. It earlier rose by as much as 1.5% to trade at a daily high of USD1,702.15 a troy ounce. The U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Clings To Gains After U.S. GDP Data Posted: 22 Nov 2011 07:21 AM PST Forexpros – The euro held onto gains against the U.S. dollar on Tuesday, after official data showed that U.S. third quarter economic growth was unexpectedly revised down and as concerns over debt levels in the U.S. and the euro zone continued to weigh on the outlook for riskier assets. EUR/USD hit 1.3568 during U.S. morning trade, the pair's highest since Friday; the pair subsequently consolidated at 1.3517, up 0.21%. The pair was likely to find support at 1.3421, the low of November 17 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Equities Rebound On S&P Call Posted: 22 Nov 2011 06:15 AM PST 11/22/11 NYFP’s Morning Market Report: After the S&P stated that the US credit rating will be unaffected by the failure of the super committee, global equities posted a rebound to start the trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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