DailyMarkets.com - New Credit Facility For Crocs

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• New Credit Facility For Crocs
• Netflix Fails To Satisfy Customers
• Forex Trading: EURUSD Tests Resistance At 1.2916 Area
• Forex Trading: USDCHF Approaches 38.2% Retracement Of The Move Up
• Shop N Save Lures Displaced Buyers
• DRAM Pricing Remains A Concern
• Econ Data To Direct Final 2011 Sessions
• Is Turnaround On The Card For Gap?
• Stock Market News Briefs: Alcoa, Arctic Cat, Bank Of America, Parlux Fragrances, Perfumania Holdings, Inc
• Forex Trading: EURUSD Finding Some Profit Takers
• Forex Trading: GBPUSD Tests Intraday Resistance
• Neutral Rating Maintained On SID
• Could Transocean Drop Further?
• U.S. Initial Jobless Claims Rise More-than-expected
• Lockheed To Aid Antarctic Research
• European Currencies Lag As Japanese Yen Leads Majors
• Sugar Futures Edge Lower On Increased Russia Production
• Chesapeake In $865M Marcellus Deal
• Forex – Dollar Mixed To Higher As Market Sentiment Wanes
• Ring In Generics In 2012 And Beyond
• Forex – GBP/USD Extends Losses On Renewed E.Z. Worries
• U.S. Futures Higher Ahead Of Data; Dow Jones Up 0.12%
• Forex – EUR/USD Tumbles To 15-month Low After Italy Auction
• Gold Plunges Through Key Support Level After Italian Debt Sale
• Soybeans Trade Close To 7-week High With Brazil Weather In Focus
• Forex – Euro Lower As Italian Debt Concerns Weigh
• Forex – USD/CHF Hits 2-week High After Weak Italian Bond Auction
• Forex – EUR/JPY Falls To Fresh 10-year Low After Italian Debt Sale

New Credit Facility For Crocs Posted: 29 Dec 2011 07:40 AM PST Niwot, Colorado-based Crocs Inc. (NASDAQ:CROX), a shoe manufacturer, in a bid to enhance the company's financial flexibility, has entered into a new five-year unsecured revolving credit agreement with PNC Bank, a member of The PNC Financial Services Group, Inc (NYSE:PNC). The new $70 million revolving credit line facility is expected to mature in December 2016 and other investment bankers, including JP Morgan Chase Bank and Wells Fargo Bank are also participating in this agreement. The credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Fails To Satisfy Customers Posted: 29 Dec 2011 07:25 AM PST The fortunes of beleaguered Netflix Inc. (NFLX) continued to deteriorate after the DVD rental and online streaming company emerged as one of the worst performers with respect to customer satisfaction among the largest online retailers this holiday season. According to the latest holiday e-retail satisfaction index published by research firm ForeSee, Netflix lost seven points this year to post a score of 79, which is at par with the index average. The drop is significant considering the fact … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests Resistance At 1.2916 Area Posted: 29 Dec 2011 07:18 AM PST The EURUSD has wandered higher as the morning session continues.  The pair is currently testing the upside trendline on the hourly chart at the 1.2916 level. This is a parellel trendline off the connection of the lows.   The level is also equal to the 200 bar MA on the 5 minute chart (green line in the chart above). The level is causing some pause in the buying seen in the NY session on the back of the failure to extend further on the break of the 2011 low at 1.2873.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Approaches 38.2% Retracement Of The Move Up Posted: 29 Dec 2011 07:18 AM PST The USDCHF has tested the 38.2% of the move up from yesterdays low. That level comes in at 0.9411 and the price low has come in at 0.9414.  The price is back up off the level, suggesting that the downside correction may be over. Longer term the low from yesterday tested the upward sloping trendline and keeps the bullishness in tact for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shop N Save Lures Displaced Buyers Posted: 29 Dec 2011 07:05 AM PST SUPERVALU Inc.'s (NYSE:SVU) subsidiary Shop n Save is set to accommodate the TRICARE customers who are caught in the rift between Walgreen Company (NYSE:WAG) and St. Louis-based drug provider Express Scripts Inc. (ESRX). Things were not going well between Walgreen and Express Scripts since June 21. Finally, Walgreen declared that it will refrain renewing its license with Express Scripts with the onset of 2012. This means that from January 1, 2012, retail giant Walgreen will no longer allow Express … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DRAM Pricing Remains A Concern Posted: 29 Dec 2011 06:50 AM PST While the world spins, technology spins even faster. This makes the sector all important for every business and industry. Considering its significance, we hardly see a technologically backward company as thriving in this competitive world. But since the 2009 recession, the sector has seen a setback, in particular due to the weak PC demand. This has pushed not only the PC-makers such as Dell Inc. (NASDAQ:DELL) and Hewlett-Packard Co. (NYSE:HPQ) but also the component manufacturers to a zone of long-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Econ Data To Direct Final 2011 Sessions Posted: 29 Dec 2011 06:35 AM PST The market will have plenty to digest in today's session, with a host of U.S. economic reports keeping it occupied. The weak Jobless Claims report reverses some of the positive gains of the last few weeks, but the overall trend on the initial claims front still remains favorable. Beyond the U.S. shores, we also have another successful-looking bond auction in Italy, further bringing down the country's borrowing costs. Other domestic economic reports on deck for a little later release include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is Turnaround On The Card For Gap? Posted: 29 Dec 2011 06:25 AM PST Holiday sales figure is bringing a broad smile back to majority of soft-line retailers. However, can Gap Inc. (NYSE:GPS) join the pool of retailers who are currently cheering the holiday sales? Sadly, the company is caught up with several challenges during this busiest shopping season of the year. Adding to the agony is the disappointing Black Friday sales result of the company. What remains the drag? Lackluster sales in North American region have continuously dragged down Gap's comparable store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Alcoa, Arctic Cat, Bank Of America, Parlux Fragrances, Perfumania Holdings, Inc Posted: 29 Dec 2011 06:25 AM PST     Snowmobiles maker Arctic Cat Inc.'s (NASDAQ:ACAT) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp’s, 6.1 million Class B common shares     Shares of Perfumania Holdings Inc. (NASDAQ:PERF) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ:PARL) in a deal worth $170 million     Share prices of Bank of America (NYSE:BAC) and Alcoa (NYSE:AA) dropped 3.56% and 3.07% to close at $5.28 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Finding Some Profit Takers Posted: 29 Dec 2011 06:22 AM PST The EURUSD has broken above intraday trendline and the 38.2% retracement at the 1.2889 area. This came after some up and down trading in the early NY session during which a new 2011 low was made (below the 1.2873 level). The 100 bar MA on the 5 minute chart is the next upside target for the pair at the 1.2909 currently. This is near the 61.8% of the days range. The action today is more balanced. The price trend did continue in London morning trading but the inability to keep the price below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests Intraday Resistance Posted: 29 Dec 2011 06:22 AM PST The GBPUSD has moved up quickly in NY trade but is testingn intraday resistance at the 1.5425-30 area. The 100 bar MA, the 61.8% of the days range, the orginal low from earlier today are all congested at the area.  This should slow the move higher for the time being.  A break above starts to target the close from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral Rating Maintained On SID Posted: 29 Dec 2011 06:05 AM PST We recently maintained a Neutral recommendation on Brazil-based Companhia Siderurgica Nacional (NYSE:SID), or CSN. Near-term outlook for the steel industry remains cautiously optimistic as communicated by the World Steel Association. According to the WSA, the world steel demand which is expected to increase 6.5% in 2011 and roughly 5.4% in 2012 would probably be restricted by financial crisis in the European region, political unrest in other parts of the world, Japan earthquakes and economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Could Transocean Drop Further? Posted: 29 Dec 2011 05:50 AM PST Switzerland-based Transocean Ltd. (RIG) is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. The company owns, has partial ownership interests in, or operates 137 mobile offshore drilling rigs. Transocean's drilling fleet consists of 47 high-specification deepwater floaters, 25 mid-water floaters, 9 high specification jackups, 53 standard jackups, and 3 other rigs utilized to support offshore drilling activities worldwide. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Initial Jobless Claims Rise More-than-expected Posted: 29 Dec 2011 05:38 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose more-than-expected, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 23 rose by 15,000 to a seasonally adjusted 381,000, disappointing expectations for a gain of 4,000 to 370,000. The previous week's figure was revised up to 366,000 from 364,000, which was the lowest since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed To Aid Antarctic Research Posted: 29 Dec 2011 05:35 AM PST Lockheed Martin Corporation (NYSE:LMT) has received a contract from the National Science Foundation ("NSF") for operation and maintenance of the support infrastructure for the United States Antarctic Program ("USAP"). The USAP programs facilitate universities, research institutions and federal agencies to carry out scientific research in the region. If all options are exercised, the multi-year contract is worth $2 billion. National Science Foundation is the care taker of the USAP. Besides … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Currencies Lag As Japanese Yen Leads Majors Posted: 29 Dec 2011 05:32 AM PST European Session Summary Trading conditions remained thin on Thursday, and are expected to thin out further as the day goes on, as we approach the final trading day of the year. Although a slight uptick in flows is forecasted for tomorrow – quarterly and year-end balancing likely to occur – not much volatility is expected in the markets. Although this has been our outlook for the entire week, it should be noted that only dramatic developments – such as information about the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Edge Lower On Increased Russia Production Posted: 29 Dec 2011 05:29 AM PST Forexpros – Sugar futures edged lower in thin year-end trade on Thursday, as prices came under pressure from a broadly stronger U.S. dollar and amid the view that global supplies are ample. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2311 a pound during European afternoon trade, shedding 0.38%. It earlier fell by as much as 0.6% to trade at a daily low of USD0.2287 a pound. Trading volumes were expected to remain light ahead of the New Year's holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake In $865M Marcellus Deal Posted: 29 Dec 2011 05:20 AM PST Chesapeake Energy Corporation (NYSE:CHK) has inked a deal with a spun-off subsidiary, Chesapeake Midstream Partners, L.P. (CHKM) to sell its Appalachia Midstream Services, L.L.C. ("AMS") for $865 million. The transaction, which is slated to close on December 30, 2011, will see Chesapeake Midstream get hold of about 47% interest in approximately 200 miles of pipelines and other gas-gathering assets in Pennsylvania's liquids rich Marcellus Shale formation. The to-be-sold properties are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed To Higher As Market Sentiment Wanes Posted: 29 Dec 2011 05:00 AM PST Forexpros – The U.S. dollar was mixed to higher against its major counterparts in thin trade on Thursday, as Italian borrowing costs remained dangerously high after a long-term bond auction, weighing on demand for riskier assets. During European afternoon trade, the dollar was higher against the euro, with EUR/USD retreating 0.42% to hit 1.2886, trading close to a fresh one-year low. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ring In Generics In 2012 And Beyond Posted: 29 Dec 2011 04:50 AM PST The New Year is expected to be a happy beginning for generic companies like Teva Pharmaceuticals (NASDAQ:TEVA), Mylan, Inc. (NYSE:MYL), Watson Pharma (NYSE:WPI), Dr. Reddy's (NYSE:RDY) and Sandoz, the generic arm of Novartis (NYSE:NVS). A large number of high-value branded pharmaceuticals have begun to go off-patent, and many more will lose patent exclusivity in the next few years. Major revenue generating blockbuster medicines like Pfizer's (NYSE:PFE) cholesterol drug Lipitor, Eli Lily's (NYSE:LLY) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Extends Losses On Renewed E.Z. Worries Posted: 29 Dec 2011 04:45 AM PST Forexpros – The pound extended losses against the U.S. dollar on Thursday, tracking the euro lower after a disappointing Italian debt auction added to concerns over the financial troubles of the euro zone's third largest economy. GBP/USD hit 1.5362 during European afternoon trade, the pair's lowest since October 6; the pair subsequently consolidated at 1.5391, declining 0.43%. Cable was likely to find support at 1.5326, the low of September 22 and resistance at 1.5518, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher Ahead Of Data; Dow Jones Up 0.12% Posted: 29 Dec 2011 04:24 AM PST Forexpros – U.S. stock futures pointed to a moderately higher open in thin year-end trade on Thursday, after a weak Italian debt sale while markets turned to U.S. data to be released later in the day. Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.12%, S&P 500 futures signaled a 0.20% increase, while the Nasdaq 100 futures indicated a 0.14% gain. Italy's Treasury sold just over EUR7 billion of long-term debt maturing between 2014 and 2022 earlier, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles To 15-month Low After Italy Auction Posted: 29 Dec 2011 04:07 AM PST Forexpros – The broadly weaker euro declined against the U.S. dollar in thin trade on Thursday, falling to he lowest level since September 2010 as lingering fears over the euro zone's debt crisis continued to dampen sentiment on the single currency. EUR/USD hit 1.2858 during European afternoon trade, the lowest since September 14, 2010; the pair subsequently consolidated at 1.2868, dropping 0.56%. The pair was likely to find short-term support at 1.2828, the low of September 14, 2010 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Plunges Through Key Support Level After Italian Debt Sale Posted: 29 Dec 2011 03:48 AM PST Forexpros – Gold futures plunged through key support levels on Thursday, dropping to the lowest level since early-July with moves amplified in poor year-end liquidity after an auction of long-term Italian government debt failed to ease concerns over the fiscal health of the euro zone's third largest economy. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,530.55 a troy ounce during early European afternoon trade, tumbling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybeans Trade Close To 7-week High With Brazil Weather In Focus Posted: 29 Dec 2011 03:37 AM PST Forexpros – Soybean futures edged lower in thin year-end trade on Thursday, but remained close to a seven-week high as investors continued to monitor weather conditions in South America. On the Chicago Mercantile Exchange, soybeans futures for March delivery traded at USD12.0375 a bushel during European morning trade, shedding 0.3%. It earlier fell by as much as 0.55% to trade at a session low of USD11.9662 a bushel. Prices climbed to USD12.0537 on Wednesday, the highest since November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Lower As Italian Debt Concerns Weigh Posted: 29 Dec 2011 03:20 AM PST Forexpros – The euro traded close to a one-year low against the U.S. dollar on Thursday, and hit a fresh ten-year low against the yen after a disappointing Italian government bond auction prompted investors to flock to safer assets. During European early afternoon trade, the euro was lower against the U.S. dollar, with EUR/USD retreating 0.29%, to hit 1.2899. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity conditions and irregular … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Hits 2-week High After Weak Italian Bond Auction Posted: 29 Dec 2011 03:03 AM PST Forexpros – The U.S. dollar rose to a two-week high against the Swiss franc on Thursday, as Italian borrowing costs remained dangerously high after a long-term government bond auction, boosting safe haven demand. USD/CHF hit 0.9452 during European late morning trade, the pair's highest since December 15; the pair subsequently consolidated at 0.9443, rising 0.17%. The pair was likely to find support at 0.9320, Wednesday's low and resistance at 0.9546, the high of December 15. With most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Falls To Fresh 10-year Low After Italian Debt Sale Posted: 29 Dec 2011 02:52 AM PST Forexpros – The euro was down for a second day against the yen on Thursday, trading at a fresh 10-year low after an auction of long-term Italian government debt failed to ease concerns over the fiscal health of the euro zone's third largest economy. EUR/JPY hit 100.34 during European morning trade, the pair's lowest since June 5, 2001; the pair subsequently consolidated at 100.43, shedding 0.42%. The pair was likely to find support at 99.87, the low of June 1, 2001 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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