DailyMarkets.com - Earnings Preview: Accenture (revised) |
- Earnings Preview: Accenture (revised)
- Copper Rebounds From 3-week Low After Spanish Bond Sale
- Forex – USD/CHF Lower As SNB Holds Franc Cap
- Euro Zone CPI Holds Steady In Line With Expectations
- Forex – Dollar Steady Vs. Rivals As Euro Woes Support
- U.K. Retail Sales Drop More-than-expected In December
- Crude Oil Regains Strength Following Previous Day’s Rout
- European Stocks Higher Ahead Of Spain Auction; DAX Up 0.81%
- Euro Zone Manufacturing PMI Hits 2-month High
- Norway Central Bank Slashes Rate 50bps To 1.75%
- Forex – GBP/USD Higher As Markets Eye Spanish Bond Sale
- German Manufacturing PMI Rises To 2-month High
- Swiss National Bank Leaves Interest Rate Unchanged
- Gold Futures Trade At 11-week Low On Europe Debt Woes
- Forex – USD/JPY Lower Amid Lingering E.Z. Worries
- Swiss Industrial Production Declines More-than-expected
- Forex – NZD/USD Edges Lower On E.Z. Woes
- Forex – AUD/USD Steady As E.Z. Concerns Persist
- Asia Stocks Tumble As EU Fears Weigh; Nikkei Drops 1.7%
- Forex – EUR/USD Steady, Hovering Above 11-month Low
- Aggressive Growth Stock: Credit Acceptance Corp
- Momentum Stock: Multimedia Games Co.
- Growth & Income Stock: Magellan Midstream Partners, L.P.
- Bear Of The Day: Canadian Solar, Inc.
- Bull Of The Day: Estee Lauder Companies (EL)
- Trend Following Bear Markets
- Forex – USD/JPY Slumps As Market Shrugs Off Manufacturing Data
- Asia Stocks Fall On Coattails Of Europe; Nikkei Down 1.15%
- Forex Trading: USD/HKD Testing Resistance At 61.8% On Daily
- Japan’s Automakers Employ 407,000 Americans At 63 Facilities And Hundreds Of Auto Dealerships
- Forex – Dollar Dips Amid Post Euro Sell-off Profit Taking
- Carlson School Of Management Flash Mob
- Forex Trading: USDCNH Pushing Higher
- Gold Futures Slide Amid Continued Exodus To Dollar
- Lepanto Consolidated Mining Company (LC/B) To Wilt?
- Crude Oil Futures Slide On OPEC Decision, U.S. Data
- Forex – EUR/USD Firms In Breather After European Selloff
| Earnings Preview: Accenture (revised) Posted: 15 Dec 2011 04:20 AM PST Accenture plc (NYSE:ACN) is scheduled to announce its first quarter 2012 results on December 15 after market close. There have been some changes in analysts' estimates following the release of its fourth quarter 2011 results.
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| Copper Rebounds From 3-week Low After Spanish Bond Sale Posted: 15 Dec 2011 02:44 AM PST Forexpros – Copper futures regained strength on Thursday, rebounding from the lowest level in three weeks after Spain saw borrowing costs fall at a well-received bond auction, but gains were limited amid the uncertain global economic outlook. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at USD3.292 a pound during European morning trade, gaining 0.42%. It earlier rose by as much as 0.6% to trade at a daily high of USD3.307 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Lower As SNB Holds Franc Cap Posted: 15 Dec 2011 02:33 AM PST Forexpros – The U.S. dollar was lower against the Swiss franc on Thursday, after the Swiss National Bank left its benchmark interest rate unchanged and held its cap on the franc at 1.20 per euro. USD/CHF hit 0.9406 during European morning trade, the pair's lowest since December 13; the pair subsequently consolidated at 0.9441, retreating 0.96%. The pair was likely to find support at 0.9246, the low of December 12 and resistance at 0.9601, the high of February 17. The SNB held its minimum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone CPI Holds Steady In Line With Expectations Posted: 15 Dec 2011 02:04 AM PST Forexpros – Consumer price inflation in the euro zone was unchanged in December, in line with expectations, official data showed on Thursday. In a report, Eurostat said consumer price inflation held steady at 3.0% in December, unchanged from the previous month and broadly in line with market expectations. Month-on-month, CPI rose 0.1%, in line with expectations. Core CPI, which excludes food, energy, alcohol, and tobacco costs, was also unchanged, holding steady at a seasonally adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Steady Vs. Rivals As Euro Woes Support Posted: 15 Dec 2011 01:47 AM PST Forexpros – The U.S. dollar was steady against its major counterparts on Thursday, trimming some gains from the previous day's safe haven rally but the greenback remained supported amid ongoing worries over the debt crisis in the euro zone. During European morning trade, the dollar was slightly higher against the euro, with EUR/USD slipping 0.14% to hit 1.2964. Sentiment on the single currency remained fragile amid fears over mass ratings cuts across the euro zone after last Friday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. Retail Sales Drop More-than-expected In December Posted: 15 Dec 2011 01:39 AM PST Forexpros – Retail sales in the U.K. fell more-than-expected in November, declining for the first time in three months, official data showed on Thursday. In a report, the U.K. Office for National Statistics said retail sales fell by a seasonally adjusted 0.4% in November, disappointing expectations for a 0.3% decline. Retail sales for October were revised up to a 1.0% gain from a previously reported 0.6% increase. Year-on-year, retail sales rose at an annualized rate of 0.7% in November, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Regains Strength Following Previous Day’s Rout Posted: 15 Dec 2011 01:31 AM PST Forexpros – Crude oil futures regained strength on Thursday, as the previous day's rout that took prices to a five-week low created bargain buying opportunities for investors. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD95.69 a barrel during European morning trade, gaining 0.78%. It earlier rose by as much as1.05% to trade at a daily high of USD95.93 a barrel. Crude prices plunged nearly 5% on Wednesday, as lingering concerns over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Higher Ahead Of Spain Auction; DAX Up 0.81% Posted: 15 Dec 2011 01:23 AM PST Forexpros – European stock markets were higher on Thursday, as markets turned to a Spanish bond auction and a speech by European Central Bank President Mario Draghi later in the day. During European morning trade, the EURO STOXX 50 rose 0.71%, France's CAC 40 climbed 0.75%, while Germany's DAX 30 jumped 0.81%. Spain was aiming to sell EUR3.5 billion of debt maturing in 2016, 2020 and 2021 later Thursday. Sentiment has been undermined this week, after last Friday's European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone Manufacturing PMI Hits 2-month High Posted: 15 Dec 2011 01:09 AM PST Forexpros – Manufacturing activity in the euro zone rose unexpectedly in December, climbing to a two-month high, preliminary data showed on Thursday. In a report, market research group Markit said that its preliminary manufacturing purchasing managers' index rose by 0.5 points to a seasonally adjusted 46.9 in December, up from 46.4 in November. Analysts had expected the index to decline by 0.3 points to 46.1 in December. On the index, a reading above 50.0 indicates industry expansion, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Norway Central Bank Slashes Rate 50bps To 1.75% Posted: 15 Dec 2011 01:09 AM PST Norway’s central bank, Norges Bank, dropped its key monetary policy rate by 50 basis points to 1.75% from 2.25% previously. The Bank’s Deputy Governor, Jan F. Qvigstad, said: “The turbulence in financial markets has intensified and external growth is now expected to be clearly weaker, particularly in the euro area. In order to dampen the impact on the Norwegian economy, the Executive Board has decided to lower the key policy rate.” The Bank further noted: In order to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Higher As Markets Eye Spanish Bond Sale Posted: 15 Dec 2011 12:51 AM PST Forexpros – The pound edged higher against the U.S. dollar on Thursday, as investors eyed a Spanish debt auction and a speech by the European Central Bank president later in the day amid sustained concerns over the debt crisis in the euro zone. GBP/USD hit 1.5498 during European morning trade, the daily high; the pair subsequently consolidated at 1.5478, edging up 0.08%. Cable was likely to find support at 1.5408, Wednesday's low and resistance at 1.5566, the high of November 24. Spain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| German Manufacturing PMI Rises To 2-month High Posted: 15 Dec 2011 12:44 AM PST Forexpros – Manufacturing activity in Germany rose unexpectedly in December, rebounding from the previous month's 28-month low, preliminary data showed on Thursday. In a report, market research group Markit said that its preliminary German manufacturing purchasing managers' index rose by 0.2 points to a seasonally adjusted 48.1 in December, up from 47.9 in November. Analysts had expected the index to decline by 0.3 points to 47.6 in December. A reading above 50.0 on the index indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss National Bank Leaves Interest Rate Unchanged Posted: 15 Dec 2011 12:38 AM PST Forexpros – The Swiss National Bank kept its benchmark interest rate unchanged in December and reaffirmed its commitment to the minimum exchange rate of CHF1.20 per euro, it announced on Thursday. In a statement, the SNB said it was keeping its benchmark interest rate unchanged at 0.0%, in line with expectations. The accompanying rate statement released after the announcement said that the SNB "will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Trade At 11-week Low On Europe Debt Woes Posted: 15 Dec 2011 12:33 AM PST Forexpros – Gold prices extended sharp losses from the previous session on Thursday, after plunging through key support levels as fears that euro zone's sovereign debt crisis was worsening prompted investors to sell profitable gold holdings to raise cash. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,578.25 a troy ounce during early European morning trade, dropping 0.55%. It earlier fell by as much as 0.75% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Lower Amid Lingering E.Z. Worries Posted: 15 Dec 2011 12:23 AM PST Forexpros – The U.S. dollar was lower against the yen on Thursday, as investors remained wary amid speculation over a potential series of credit-rating downgrades in the euro zone. USD/JPY hit 77.91 during early European trade, the pair's lowest since December 13; the pair subsequently consolidated at 77.96, shedding 0.14%. The pair was likely to find support at 77.68, the low of December 5 and resistance at 78.27, the high of November 29. Sentiment has been undermined this week, after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss Industrial Production Declines More-than-expected Posted: 15 Dec 2011 12:20 AM PST Forexpros – Industrial production in Switzerland declined more-than-expected in the third quarter, official data showed on Thursday. In a report, Switzerland's Federal Statistics Office said industrial production fell by a seasonally adjusted 1.4% in the third quarter, disappointing expectations for a decline of 0.9%. Industrial production for the second quarter was revised down to a 2.9% increase from a previously reported gain of 3.6%. Year-on-Year, Swiss industrial production fell at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Edges Lower On E.Z. Woes Posted: 15 Dec 2011 12:09 AM PST Forexpros – The New Zealand dollar edged lower against its U.S. counterpart on Thursday, as investors remained concerned over a possible series of downgrades in the euro zone. NZD/USD hit 0.7462 during late Asian trade, the pair's lowest since November 25; the pair subsequently consolidated at 0.7484, shedding 0.26%. The pair was likely to find support at 0.7391, the low of November 24 and resistance at 0.7577, Wednesday's high. Market sentiment has weakened in recent days on the view … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Steady As E.Z. Concerns Persist Posted: 14 Dec 2011 11:58 PM PST Forexpros – The Australian dollar was steady against its U.S. counterpart on Thursday, hovering close to a 13-day low as sustained concerns over a possible mass downgrade in the euro zone continued to weigh on market sentiment. AUD/USD hit 0.9862 during late Asian trade, the pair's lowest since November 28; the pair subsequently consolidated at 0.9924, rising 0.15%. The pair was likely to find support at 0.9789, the low of November 28 and resistance at 1.0012, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Tumble As EU Fears Weigh; Nikkei Drops 1.7% Posted: 14 Dec 2011 11:45 PM PST Forexpros – Asian stock markets plunged on Thursday, tracking global equities lower as ongoing concerns over the handling of the euro zone's sovereign debt crisis prompted investors to shun riskier assets. During late Asian trade, Hong Kong’s Hang Seng Index plunged 2.15%, Australia's S&P/ASX200 dropped 1.2%, while Japan's Nikkei 225 Index tumbled 1.7%. Global equity markets suffered steep losses on Wednesday as concerns over the fiscal health of Italy intensified after the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Steady, Hovering Above 11-month Low Posted: 14 Dec 2011 11:32 PM PST Forexpros – The euro was steady against the U.S. dollar on Thursday, hovering just above an 11-month low hit the previous day, as concerns over possible credit-rating downgrades for euro zone countries weighed. EUR/USD hit 1.3001 during late Asian trade, the daily high; the pair subsequently consolidated at 1.2997, easing up 0.11%. The pair was likely to find support at 1.2945, Wednesday's low and an 11-month low and resistance at 1.3064, Wednesday's high. Sentiment on the single … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aggressive Growth Stock: Credit Acceptance Corp Posted: 14 Dec 2011 11:00 PM PST Credit Acceptance Corp (NASDAQ:CACC) surged on its latest earnings surprise, but is it too late to get into this Zacks #1 Rank (Strong Buy).
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| Momentum Stock: Multimedia Games Co. Posted: 14 Dec 2011 11:00 PM PST Multimedia Games Co. (MGAM) has been red hot since early October, recently hitting a new multi-year high after reporting another strong quarter that included a huge earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a lucky number 7 for momentum.
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| Growth & Income Stock: Magellan Midstream Partners, L.P. Posted: 14 Dec 2011 11:00 PM PST Magellan Midstream Partners, L.P. (NYSE:MMP) delivered record results in the third quarter of 2011 as well as a solid positive earnings surprise. Analysts have been raising their estimates off the strong quarter, sending the stock to a Zacks #2 Rank (Buy).
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| Bear Of The Day: Canadian Solar, Inc. Posted: 14 Dec 2011 11:00 PM PST Canadian Solar, Inc. – ADS (NASDAQ:CSIQ) is a low cost, vertically-integrated solar module producer with predominantly China-based manufacturing assets. In the near-term, fortunes look to be impacted by the industry-wide oversupply glut, leading to sharply falling average selling prices, tepid module demand in Europe, and rising competition in the market.
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| Bull Of The Day: Estee Lauder Companies (EL) Posted: 14 Dec 2011 11:00 PM PST Estee Lauder Companies’ (NYSE:EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing power of the affluent class who shop for products from cosmetics to big-ticket items also fueled strong sales in the luxury sector.
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| Posted: 14 Dec 2011 09:29 PM PST One of the beauties of trend following is ignoring the constant swirl of noise that surrounds the market. Charts don't lie, and they don't have opinions. By pouring through a wide variety of charts, from the major market indexes, to commodities, bonds, and foreign markets, you can develop an overall feel for what is going on in the markets. This objective method of looking at the market can dramatically improve your confidence and understanding.
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| Forex – USD/JPY Slumps As Market Shrugs Off Manufacturing Data Posted: 14 Dec 2011 08:21 PM PST Forexpros – The dollar fell against the yen on Thursday, as investors ditched the greenback amid profit taking, shrugging off weaker-than-expected manufacturing data out of Tokyo. USD/JPY hit 78.05 during early Asian trading, down 0.03% and just up from a session low of 78.00 and off from a high of 78.14. The pair was likely to test support at 77.93, Wednesday’s low, and resistance at 78.16, Wednesday's high. The Bank of Japan's Tankan manufacturing index fell to a seasonally adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Fall On Coattails Of Europe; Nikkei Down 1.15% Posted: 14 Dec 2011 07:36 PM PST Forexpros – Asian stock markets tanked on Thursday as investors followed their U.S. and European counterparts by ditching equities and fleeing to less risky assets such as the dollar or Treasury bills. During morning Asian trading on Thursday, Hong Kong’s Hang Seng Index was down 2.01%, Australia’s S&P/ASX200 was moving down 1.47%, while Japan's Nikkei 225 Index fell 1.15%. In Europe earlier, Fitch Ratings announced it had downgraded five European financial institutions, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USD/HKD Testing Resistance At 61.8% On Daily Posted: 14 Dec 2011 07:33 PM PST The USD made further head way across the board today as the sentiment in the market continued to be risk-off. USD/HKD received a small boost in recent trading from a much worse than expected foreign direct investment number which was released a short while ago. From a daily perspective you can see that the pair tested the 61.8% fibo line, to the top side, with the current high of 7.7850; currently trading in the area of the 200 day moving average. On an hourly basis, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Japan’s Automakers Employ 407,000 Americans At 63 Facilities And Hundreds Of Auto Dealerships Posted: 14 Dec 2011 07:24 PM PST Japanese automakers have created more than 400,000 U.S. jobs at 29 plants and 34 R&D and design centers. 1. Japanese automakers like Toyota, Honda, and Nissan are responsible for more than 407,000 jobs in the U.S. The vast majority of employees are those working at Japanese auto dealerships in the U.S., but Japanese automakers employ 50,000 American workers at 29 American vehicle, engine and parts plants, and another 4,000 at 34 major R&D and design centers, reflecting $34 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Dips Amid Post Euro Sell-off Profit Taking Posted: 14 Dec 2011 06:58 PM PST Forexpros – The dollar slid against major global currencies early Thursday amid profit taking after investors earlier ran to the greenback in search of a safe harbor to ride out a deepening European debt crisis. Credit ratings agencies have warned that sovereign bonds across the continent risked downgrades, including AAA-rated Germany, France, the Netherlands, Austria, Finland and Luxembourg. Furthermore, at the end of U.S. trading, Fitch ratings said it had slapped downgrades on five … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Carlson School Of Management Flash Mob Posted: 14 Dec 2011 06:55 PM PST The Carlson School of Management at the University of Minnesota received a surprise visit from a saxophonist…and nearly 300 of his friends from the University of Minnesota’s School of Music this November. HT: Kurt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDCNH Pushing Higher Posted: 14 Dec 2011 06:33 PM PST Reviewing yesterday's USDCNH view we see the pair broke through the 100 day moving average and what was the developing top of the channel but has lost some steam as it approached the 61.8% retracement. The 200 day moving average that was discussed remains the next target and could be tested sooner than we expect as the risk off USD bid continues to permeate the entire market place and as negative developments and pro-dollar policies are coming out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Slide Amid Continued Exodus To Dollar Posted: 14 Dec 2011 06:10 PM PST Forexpros – Gold prices were off in Aisan early Thursday in declining but steady trading after a global rush to the safety of the dollar punished the precious metal in U.S. trading. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,575.75 a troy ounce during Asian trading, down 0.70%. Gold futures were likely to test support at USD1,567.05 a troy ounce, Thursday’s low, and resistance at USD1,681.55, Tuesday’s high. Days after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Lepanto Consolidated Mining Company (LC/B) To Wilt? Posted: 14 Dec 2011 05:42 PM PST The shares of Lepanto Consolidated Mining Company (both A and B) have been amazing in 2011 as they delivered gains of about 300%. Improving company propects, buy-ins from a bigger company – Philex, and the jump in gold prices, have generated a lot of support and push for the company's shares. However, the latest drop in commodity prices and the unwinding of huge funds could weigh in on LC and LCB.
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| Crude Oil Futures Slide On OPEC Decision, U.S. Data Posted: 14 Dec 2011 05:36 PM PST Forexpros – Crude oil futures slid in early Asian trading Thursday, extending losses sustained earlier when news broke that nations in the OPEC oil cartel agreed to hold production at 30 million barrels a day. Analysts saw the decision as a commitment among member countries to continue stocking up inventories, which hikes supply and lowers prices amid a still limping global economy. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD94.91 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Firms In Breather After European Selloff Posted: 14 Dec 2011 05:05 PM PST Forexpros – The euro firmed against the dollar in early Asian trading Thursday, erasing losses after taking another bruising fueled by global market fears that the European debt crisis is escalating. EUR/USD hit 1.2991 during early Asian trading, up 0.06%, firming after a session low of 1.2981 and a high of 1.2994. The pair was likely to find support at 1.2947 an earlier Thursday low, and resistance at 1.3048, Wednesday’s high. Spikes in Italian yields during the auction earlier in the day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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