Friday, December 30, 2011

DailyMarkets.com - BCE Remains Neutral

DailyMarkets.com - BCE Remains Neutral

BCE Remains Neutral

Posted: 30 Dec 2011 08:05 AM PST

Although BCE Inc. (NYSE:BCE) is expected to generate healthy revenue growth through higher wireless revenue, stable wireline revenues, and cost reduction methods, its revenue mix is heavily weighted toward traditional telephone business, the demand for which is gradually waning. This is hurting its revenue and EBITDA growth.
Additionally, BCE operates in an environment crowded with new wireless carriers. Bell Canada, a 100% subsidiary of BCE, faces cutthroat competition from national carriers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pulte Divests Assets In Denver

Posted: 30 Dec 2011 07:50 AM PST

PulteGroup Inc. (NYSE:PHM) recently announced that it has sold a 1,700 acre master-planned community located in Denver to Greenwich-based privately held real estate investment firm Wheelock Street Capital LLC. The financial terms of the deal as well as the terms of the agreement were not disclosed.
The cash obtained will enable Pulte to invest in other potential opportunities as per management's long-term growth strategy. 
In the last reported quarter, Pulte reported an adjusted income of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CVS To Attend Healthcare Conference

Posted: 30 Dec 2011 07:35 AM PST

The leading provider of prescriptions and related health care services in the US, CVS Caremark Corporation (NYSE:CVS) has decided to participate in the annual JP Morgan Healthcare Conference scheduled on January 10, 2012. The company will be represented by its president and CEO, Mr. Larry Merlo, at the conference.
Currently, CVS Caremark is ranked among the top three pharmacy benefit managers (PBM) in the US. The other big players in this chart are Express Scripts (NASDAQ:ESRX) and Medco Health … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SIRIUS XM Boosts Product Portfolio

Posted: 30 Dec 2011 07:20 AM PST

SIRIUS XM Radio Inc.(NASDAQ:SIRI), the largest broadcast radio service provider in the U.S. and the second largest entertainment subscription service provider after Comcast Corp. (NASDAQ:CMCSA), recently launched the upgraded version of SIRIUS XM 2.0 called "Lynx".
Lynx is touted as the next-generation satellite receiver that allows the subscribers to stream content to home audio systems via Bluetooth. It also features a high-resolution touch screen and allows 200 hours of music storage, hence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests Midpoint Of Weeks Range At 1.2969

Posted: 30 Dec 2011 07:18 AM PST

The midpoint of the weeks range is being tested at the 1.2969 level.  Traders seem to be caught short and forcing the squeeze in the liquidity starved market.  The 100 hour MA is still a distance away (blue line in the chart above) at the 1.3002 level.  This along with the 61.8% of the weeks range at 1.2296 are the next upside targets for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Also At Weeks Midpoint

Posted: 30 Dec 2011 07:18 AM PST

The GBPUSD is also up. This pair is up sharply today and like the EURUSD tests the midpoint of the weeks trading rangee at the 1.5525 level.  The 100 hour MA comes in at the 1.5542 level and this is the next upside target for the pair.
Looking at the daily chart for the pair, the GBPUSD has spent the last month of trading moving up and down. Yesterday the pair moved below the November/December low and failed to develop the expected momentum.  When the price can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Tests 100 Day MA At The 77.17 Level

Posted: 30 Dec 2011 07:18 AM PST

The USDJPY hase been pressured as the dollar loses value against all major currencies (see chart below). However, the price is testing the key 100 day MA and should find some profit taking against the level. (77.17 is the level).  A break below the level should not be ignored however, as liquidity conditions remain limited and a break of key technical level should solicit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Tests Its 100 Day MA At 1.0197

Posted: 30 Dec 2011 07:18 AM PST

Brightpoint Reverts To Neutral

Posted: 30 Dec 2011 07:05 AM PST

We downgrade our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Neutral based on our assessment that global economic volatility may result in demand fluctuations for mobile devices, which in turn will affect the company's future financial results.
Brightpoint announced robust financial results for the third quarter of 2011 and management has provided a strong financial outlook. This was primarily due to galloping demand for smartphones and tablets throughout the world.
We believe the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Britain Joins Plain Packaging Drive

Posted: 30 Dec 2011 06:50 AM PST

After Australia, U.S., and Canada, this time Britain raised its voice for the cause of a 'Healthy Heart'.
British Heart Foundation (BHF) urged the British government to force the tobacco biggies to use plain packaging and ban all attractive marketing campaign that lures smokers to puff cigarettes.
BHF, a charity organization in Britain, funds research, education, care and awareness campaigns that are aimed to prevent heart diseases in humans. BHF conducted a survey in Britain among … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Panel To Review Amgen’s Xgeva

Posted: 30 Dec 2011 06:35 AM PST

Amgen's (NASDAQ:AMGN) Xgeva (denosumab) will be coming up for review before the US Food and Drug Administration's (FDA) Oncologic Drugs Advisory Committee (ODAC) on Feb. 8, 2012. Amgen is looking to get Xgeva approved for the treatment of men with castration-resistant prostate cancer (CRPC) at high risk of developing bone metastases.
FDA Action Date: April 26, 2012
The company had submitted a supplemental Biologics License Application (sBLA) for the drug in June 2011. The application was based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apple, Amazon.com, Masco, Pulte Homes

Posted: 30 Dec 2011 06:25 AM PST

    A report in DigiTimes said, in January, tech giant Apple (NASDAQ:AAPL) could unveil two of its new next generation iPad at iworld

    Online company Amazon.com (NASDAQ:AMZN) reported sales of its Kindle devices rocketed up in December, with customers buying more than 1 million Kindle devices per week

    A report from the National Association of Realtors reported, Pending Home Sales figure for November increased 7.3%. Reacting to the favorable data, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is The Bull Market In Gold Ending?

Posted: 30 Dec 2011 06:23 AM PST

Friday, December 30, 2011
Gold prices appear at a crossroads, with the potential for an accelerated sell-off as weak longs continue to exit the market — but also the potential for sharp gains should recent lows hold and bargain hunting buying emerge. This sets the stage for traders to explore strategies that would benefit from a big move or increased volatility in Gold prices, such as the purchase of an out-of-the-money strangle in Gold futures options. For example, with February Gold trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Expands In Orange Country

Posted: 30 Dec 2011 06:20 AM PST

Nordstrom Inc. (NYSE:JWN), one of the largest fashion specialty retailers in the U.S., intends to further expand its Rack concept by opening a new store in Huntington Beach, California. The store that is scheduled to open in fall 2012 will include a wide selection of apparels, accessories and shoes of the Nordstrom Rack store.
Nordstrom Rack store is an off-price retail format of Nordstrom that sells the company’s off-season and clearance goods from its mall stores and Nordstrom.com, at a discount … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Freeport Workers To Return To Work

Posted: 30 Dec 2011 06:10 AM PST

Workers at the Indonesian unit of  Freeport McMoran Copper & Gold Inc. (FCX) are expected to return to the Grasberg mine in Papua on January 20, 2012 after observing a three-month strike.   
The labor union at PT Freeport Indonesia stated that the port unit contractor PT Kuala Pelabuhan Indonesia (KPI) has agreed to reinstate about 700 workers who went on strike with no sanctions. The Union is in talks with Freeport management and mining contractors to clear sanctions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Target Third Yearly Advance

Posted: 30 Dec 2011 06:04 AM PST

Forexpros – Crude oil futures traded lower Friday despite approaching the third annual gain on mid eastern tensions and economic speculation.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD99.04 a barrel during mid London slipping 0.61%.

It earlier hit a daily high of USD100.16 a barrel.

Early strength in the U.S. dollar initially suppressed prices prior to the dollar’s pullback later in the session.

The dollar index, which tracks the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Whitestone Pursues Further Expansion

Posted: 30 Dec 2011 05:50 AM PST

Whitestone REIT (WSR) recently announced the purchase of a bank note and deed on a 4.45 acre expansion parcel of a commercial land at The Pinnacle of Scottsdale. The deal for the commercial land was settled at $950,000 in cash at a discount of 68%. Whitestone intends to develop a new retail and executive office lease space, spanning 55,000 square feet, along with a fitness club, which it expects to begin pre-leasing in the first quarter of 2012.
This property, which is an extension of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Mostly Flat In End Of Year Trade

Posted: 30 Dec 2011 05:40 AM PST

Forexpros – The U.S. dollar was slightly higher in lack luster, end of year trade on Friday during mid session London action.

During mid session London trade, the greenback eased higher against the euro, with EUR/USD slipping 0.077% to 1.2951.

The single currency has struggled against a back drop of continued misses by the European Central Bank to contain the regions debt crisis over the last year.

The greenback was down against the pound, with GBP/USD advancing 0.45% to hit 1.5486.

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

Dreams Obtains New Credit Facility

Posted: 30 Dec 2011 05:35 AM PST

Plantation, Florida-based Dreams, Inc (DRJ) recently signed a secured line of credit agreement worth $35 million. The new credit facility replaces the company's prior $27.5 million credit facility.
The new facility has been financed by PNC Bank, a member of The PNC Financial Services Group, Inc (PNC) and bears a time period of three years. PNC Bank has also provided an advance of $5 million to ensure smooth business transactions for the upcoming fourth quarter of 2011. 
The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong 2Q For Cal-Maine Foods

Posted: 30 Dec 2011 05:20 AM PST

Cal-Maine Foods Inc. (NASDAQ:CALM) posted second-quarter 2012 adjusted earnings of 97 cents per share, which surpassed the Zacks Consensus Estimate of 69 cents. The quarterly earnings also improved from 63 cents earned last year. The year-over-year growth in earnings was attributable to higher margins.
Inside the Headline Numbers
Total revenue, in the quarter under review, leaped 23.8% year over year to $290.4 million. The upswing resulted from strong seasonal retail demand for eggs as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Bounce Off Lows

Posted: 30 Dec 2011 04:59 AM PST

Forexpros – Gold bulls received an end of year gift as futures bounced off lows Friday, on speculation that the five month slump will attract buyers from end users and investors.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1570.95 a troy ounce during mid London trade surging 1.96%

It earlier hit a high of USD1575.05.

Gold futures were likely to find short term support at USD1568.61 and intraday technical resistance exists at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Bounce Off Lows

Posted: 30 Dec 2011 04:57 AM PST

Forexpros – Gold bulls received an end of year gift as futures bounced off lows Friday, on speculation that the five month low will attract buyers from end users and investors.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1570.95 a troy ounce during mid London trade surging 1.96%

It earlier hit a high of USD1575.05.

Gold futures were likely to find short term support at USD1568.61 and intraday technical resistance exists at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Faces First Consecutive Annual Loss In Decade

Posted: 30 Dec 2011 04:28 AM PST

Forexpros – bsp; Forexpros – The euro slipped against the U.S. dollar in mid London, light holiday trade Friday, facing its first consecutive annual loss since 2001 on euro zone debt fears

EUR/USD hit a low of 1.2905 during mid session London trade. The pair is off a high of 1.2965 and is currently trading at 1.2936 down 0.19%.

The pair was likely to find short term support at 1.2922 and intraday technical resistance exists at 1.2955.

Light Christmas and New Years holiday volume … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 30 Dec 2011 04:00 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0175, up 0.37% at time of writing.

The pair was likely to find support at 1.0045, Thursday's low, and resistance at 1.0203, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.55% to hit 1.2716 and AUD/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 30 Dec 2011 03:20 AM PST

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

USD/CHF was trading at 0.9398, down 0.04% at time of writing.

The pair was likely to find support at 0.9321, Wednesday's low, and resistance at 0.9470, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.16% to hit 1.2940 and USD/JPY falling 0.25% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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