DailyMarkets.com - The Week Ahead: Global Manufacturing Data, NFP In Focus
DailyMarkets.com - The Week Ahead: Global Manufacturing Data, NFP In Focus |
- The Week Ahead: Global Manufacturing Data, NFP In Focus
- Colombia Central Bank Lifts Rate 25bps To 4.75%
- Needed: ECB Bond Purchases, W/O Sterilization
- Earnings Preview: Tiffany & Co.
- Capital One-HSBC Deal Under Review
- Chevron’s Brazil Dream Sours
- Net Oil Imports Only 45.6% Of U.S. Consumption, Dependence On Foreign Oil Lowest Since 1995
- A Thanksgiving Reflection: Looking Beyond Election Day
- ICE Refills Energy Portfolio
- Portfolio Recovery Creates New Unit
- Iconix Secures New Credit Facility
- Earning Scorecard: Scripps Networks
- Forex – EUR/USD Down At The End Of U.S. Session
- Earnings Preview: UTI
- Forex – GBP/USD Down At The End Of U.S. Session
- Forex – USD/JPY Up At The End Of U.S. Session
- PMI Group Stops Trading On NYSE
- Medicis Eyes Graceway Pharma
- Earnings Preview: Synopsys Inc.
- Next Week’s Stock Picks
- Nordstrom Reiterated At Neutral
- UNH Acquires Medicare Advantage Biz
- Ford Plans Layoffs In Europe
- India Ushers In Wal-Mart, Et. Al.
- Earnings Scorecard: Nordstrom Inc.
- Donnelley Buys StratusGroup
- Juniper Wins Essar Deal
- Duke Asks For Rate Hikes
- Earnings Scorecard: Covidien
- Forex – EUR/USD Down Toward The End Of U.S. Session
- Forex – USD/CAD Up In U.S. Trade
- Forex – EUR/USD Down In U.S. Trading Hours
- Russian Central Bank Holds Interest Rate At 8.25%
- Forex – AUD/USD Down In U.S. Trade
- Dow Posts Worst Thanksgiving Week Since 1932
- American Classic Finds New Life In China
| The Week Ahead: Global Manufacturing Data, NFP In Focus Posted: 25 Nov 2011 03:58 PM PST 11/25/11 Manufacturing data from the US, Euro-zone and China will be closely monitored. At the end of the week, the November US employment report will be in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Colombia Central Bank Lifts Rate 25bps To 4.75% Posted: 25 Nov 2011 03:50 PM PST The Central Bank of Colombia increased its monetary policy interest rate 25 basis points to 4.75% from 4.50%. The Bank said [translated]: “Given the central forecast described above, and the risks of financial imbalances, the Board considers it prudent to increase 25 basis points interest rate intervention and believes that this movement is achieved monetary stance which helps to maximize the growth of output and employment consistent with the achievement of future targets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Needed: ECB Bond Purchases, W/O Sterilization Posted: 25 Nov 2011 03:20 PM PST "Purity is Obscurity"
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| Earnings Preview: Tiffany & Co. Posted: 25 Nov 2011 03:03 PM PST Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, is slated to report its third-quarter 2011 financial results before the bell on Tuesday, November 29. The current Zacks Consensus Estimate for the quarter is 59 cents a share. The Zacks Consensus estimates revenue at $798 million.
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| Capital One-HSBC Deal Under Review Posted: 25 Nov 2011 02:55 PM PST Earlier this week, the Office of the Comptroller of the Currency (OCC) announced the recommencement of the comment period on Capital One Financial Corp.'s (NYSE:COF) proposed deal to acquire HSBC Holdings Plc's (NYSE:HBC) U.S. credit-card business. This decision was taken following consumer and housing advocates' opposition to the agreement.
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| Posted: 25 Nov 2011 02:50 PM PST U.S. energy behemoth Chevron Corp. (NYSE:CVX) has been temporarily suspended from 'all drilling activities' in Brazil by the country's oil regulator – Agencia Nacional do Petroleo or ANP – following an oil leak 74 miles off the coast of Rio de Janeiro. The agency's diktat will remain in effect until it identifies the causes of the spill and considers it safe to resume drilling. Chevron has already been slapped with a fine of R$50 million ($28 million) by Brazil’s environmental … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Net Oil Imports Only 45.6% Of U.S. Consumption, Dependence On Foreign Oil Lowest Since 1995 Posted: 25 Nov 2011 02:47 PM PST From Mort Zuckerman’s editorial in today’s WSJ: “The good news is that the United States is at the center of a global energy revolution. Our development of innovative shale-gas technology offers the prospect of a huge bonanza of natural gas (and some oil as well). It’s the most positive event in the country’s energy outlook in 50 years. Let’s celebrate the achievement before looking at what needs to be done to bring it to fruition. This kind of seismic shift in the energy landscape is rare. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| A Thanksgiving Reflection: Looking Beyond Election Day Posted: 25 Nov 2011 02:42 PM PST Most political analysis of America's awful economy focuses on whether it will doom President Obama's reelection or cause Congress to turn toward one party or the other. These are important questions, but we should really be looking at the deeper problems with which whoever wins in 2012 will have to deal.
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| Posted: 25 Nov 2011 02:40 PM PST Earlier this week, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan to launch 33 new over-the-counter (OTC) cleared energy products. The company will now be offering over 635 OTC energy contracts, along with the products announced, comprising more than 545 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
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| Portfolio Recovery Creates New Unit Posted: 25 Nov 2011 02:35 PM PST Earlier this week, Portfolio Recovery Associates Inc. (NASDAQ:PRAA) announced the creation of a new subsidiary, PRA Professional Services, LLC, in order to expand its audit and revenue recovery services for the private sector.
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| Iconix Secures New Credit Facility Posted: 25 Nov 2011 02:35 PM PST In order to enhance liquidity and boost the capital structure, Iconix Brand Group, Inc. (NASDAQ:ICON) has agreed to a $150 million secured revolving credit facility of two years.
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| Earning Scorecard: Scripps Networks Posted: 25 Nov 2011 02:10 PM PST Scripps Networks Interactive, Inc.(NYSE:SNI) reported mixed financial results in the third quarter of 2011, with total revenue missing but earnings in line with the Zacks Consensus Estimates.
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 25 Nov 2011 02:10 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3238, down 0.82% at time of writing. The pair was likely to find support at 1.3213, today's low, and resistance at 1.3568, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.46% to hit 0.8574 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 25 Nov 2011 02:05 PM PST Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, is slated to report its fourth-quarter 2011 financial results after the bell on Tuesday, November 29. The current Zacks Consensus Estimate for the quarter is 28 cents a share. The Zacks Consensus estimates revenue at $111 million.
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| Forex – GBP/USD Down At The End Of U.S. Session Posted: 25 Nov 2011 02:05 PM PST Forexpros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5440, down 0.36% at time of writing. The pair was likely to find support at 1.5424, today's low, and resistance at 1.5776, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.46% to hit 0.8574 and GBP/JPY rising 0.43% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Up At The End Of U.S. Session Posted: 25 Nov 2011 02:00 PM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 77.73, up 0.80% at time of writing. The pair was likely to find support at 76.77, Monday's low, and resistance at 77.79, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.82% to hit 1.3238 and GBP/USD falling 0.36% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| PMI Group Stops Trading On NYSE Posted: 25 Nov 2011 01:55 PM PST On November 23, 2011, mortgage insurer PMI Group filed for bankruptcy protection under Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
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| Posted: 25 Nov 2011 01:50 PM PST Medicis Pharmaceutical Corp. (NYSE:MRX) recently announced that it has successfully bid for the purchase of Graceway Pharmaceuticals, LLC, at the latter's bankruptcy auction. The auction was conducted for almost all the US and Canadian pharmaceutical assets of Graceway, which had filed for bankruptcy on September 29, 2011.
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| Earnings Preview: Synopsys Inc. Posted: 25 Nov 2011 01:30 PM PST Synopsys Inc. (NASDAQ:SNPS) is scheduled to announce its third quarter 2011 results on November 30, 2011, and we do not see any variation in analysts' estimates at this point.
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| Posted: 25 Nov 2011 01:28 PM PST ( click to enlarge ) If you are already subscribed to my twitter and newsletter, then you know that I alerted my subscribers originally on Wednesday when Royale Energy, Inc. (NASDAQ:ROYL) was trading at $3.58, which means that I have enjoyed gains of roughly 30% as of the close of market on Friday. These gains are significant and represent substantial profit for not only my twitter followers and subscribers but also any other investors who took advantage of my alert early, before the market caught … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Nordstrom Reiterated At Neutral Posted: 25 Nov 2011 01:25 PM PST We have maintained our long-term Neutral recommendation on Nordstrom Inc. (NYSE:JWN) with a target price of $49.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
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| UNH Acquires Medicare Advantage Biz Posted: 25 Nov 2011 01:20 PM PST On Tuesday, UnitedHealthcare, a division of UnitedHealth Group (NYSE:UNH), announced its plan to acquire XLHealth Corp, a sponsor of Medicare Advantage health plans. With this acquisition, the company is expected to remain a step ahead of its competitors including WellPoint Inc. (NYSE:WLP)and Aetna Inc. (NYSE:AET) in acquiring Medicare Advantage (MA) business.
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| Posted: 25 Nov 2011 01:05 PM PST Ford Motor Co. (NYSE:F) plans to layoff 4,000 workers at its Valencia, Spain assembly plant for 39 days between January and October in 2012 in response to weakening demand for cars in Europe on the back of the ongoing eurozone financial crisis. The plant employs a total of 6,200 workers.
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| India Ushers In Wal-Mart, Et. Al. Posted: 25 Nov 2011 12:55 PM PST Amid the gloom and doom in the global economy, India has decided to open its doors to foreign direct investment (FDI) in the retail sector. The decision had long been hanging fire in the face of severe opposition to liberalizing the sector – a predominant preserve of small retailers and 'corner' shops.
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| Earnings Scorecard: Nordstrom Inc. Posted: 25 Nov 2011 12:50 PM PST Nordstrom Inc. (NYSE:JWN) posted strong results for the third quarter of fiscal 2011, with earnings growth of 11.3% year over year. Earnings were driven primarily by a double-digit growth in total revenue. Earnings per share beat the Zacks Consensus Estimate by a penny.
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| Posted: 25 Nov 2011 12:40 PM PST R.R. Donnelley & Sons Co. (NYSE:RRD) recently announced that it has acquired West Chester; Ohio-based StratusGroup, which specializes in customized pressure-sensitive labels and packaging for health & beauty, food, beverage and other segments.
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| Posted: 25 Nov 2011 12:35 PM PST Networking major Juniper Networks (NASDAQ:JNPR) recently won a deal from the India-based multinational conglomerate Essar Group, having diversified business interest in the Iron & Steel, oil, gas and shipping industries among others.
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| Posted: 25 Nov 2011 12:25 PM PST Duke Energy Carolinas, a subsidiary of Duke Energy Corporation (NYSE:DUK), has requested to increase base rates in North Carolina in an agreement with North Carolina Utilities Commission ("NCUC").
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| Posted: 25 Nov 2011 12:25 PM PST Health care products major Covidien plc (NYSE:COV) exited fiscal 2011 on a buoyant note on the heels of solid performance of its core Medical Devices division. The Ireland-based company's adjusted earnings per share (from continuing operation) of $1.08 outperformed the Zacks Consensus Estimate of $1.05 and exceeded the year-ago earnings of $0.84.
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 25 Nov 2011 12:25 PM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3231, down 0.88% at time of writing. The pair was likely to find support at 1.3213, today's low, and resistance at 1.3568, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.52% to hit 0.8570 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Up In U.S. Trade Posted: 25 Nov 2011 12:10 PM PST Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 1.0491, up 0.19% at time of writing. The pair was likely to find support at 1.0278, Monday's low, and resistance at 1.0523, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.90% to hit 1.3228 and GBP/USD falling 0.42% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 25 Nov 2011 11:45 AM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3233, down 0.87% at time of writing. The pair was likely to find support at 1.3213, today's low, and resistance at 1.3568, Tuesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.50% to hit 0.8570 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Russian Central Bank Holds Interest Rate At 8.25% Posted: 25 Nov 2011 11:19 AM PST The Central Bank of Russia held its benchmark refinancing rate steady at 8.25%. The Bank said: “Considering recent domestic and international macroeconomic developments the Bank of Russia judged that the current level of money market interest rates was appropriate to balance the inflationary risks and the risks of economic growth slowdown. The increase in money market interest rates, resulting from the transition to the liquidity shortage in the banking sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Down In U.S. Trade Posted: 25 Nov 2011 11:15 AM PST Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 0.9694, down 0.41% at time of writing. The pair was likely to find support at 0.9664, Wednesday's low, and resistance at 0.9997, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.50% to hit 1.3644 and AUD/JPY rising 0.38% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Dow Posts Worst Thanksgiving Week Since 1932 Posted: 25 Nov 2011 11:00 AM PST 11/25/11 NYFP’s Closing Bell Report: The Dow Jones closed the abbreviated trading session in the red, posting the worst Thanksgiving week since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| American Classic Finds New Life In China Posted: 24 Nov 2011 10:00 PM PST With a middle class that could to balloon to 1.4 billion people by 2030, China has become a lifeline for automakers looking to keep their profits afloat in a weak global economy. Through October 2011, more than 15 million new vehicles have been purchased in China, according to ChinaAutoWeb*. That's about 3 percent higher than a year ago. Toyota, Audi, Volkswagen, BMW and Nissan are all searching for ways to tap into this fast-growing market.
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