DailyMarkets.com - U.S. Cellular Remains Neutral

---

• U.S. Cellular Remains Neutral
• Is Turnaround In The Cards For Gap?
• Blackstone Ventures In India
• Forex Trading: EURUSD Scoots Sharply Higher. No News As Far As I Can See.
• FMC Technologies Looking Good
• Charges To Weigh On Leggett’s Earnings
• OSHA Set To Fine PPG
• BHP Sells Diamond Stake To Partner
• Valspar Opens R&D Center In China
• Crude Oil Futures Drop Below USD99 After U.S. Supply Gain
• Was Last Week’s Crude Oil Drawdown A Fluke?
• Forex Trading: USDCAD Tests 100 Hour MA At 1.0204
• Forex Trading: EURUSD Keeps The Bid But Moving Closer To The 1.2940/42 Resistance
• Forex – Dollar Mixed As Euro Zone Concerns Weigh
• Dow Extends Gains On US Housing Data
• Natural Gas Futures Add To Losses After U.S. Supply Report
• Earnings Scorecard: Research In Motion
• Stock Market Malaise: Japanese Vs. US Style
• Wendy’s Debuts In Japan
• Forex – GBP/USD Trims Losses, E.Z. Concerns Persist
• Forex – EUR/USD Pares Losses, Trades Close To 1-year Low
• U.S. Pending Home Sales Jump To 19-month High
• Risk Aversion Gives Dollar A Boost
• U.S. Stocks Higher But Gains Limited; Dow Jones Up 0.54%
• Chicago PMI Falls Less-than-expected In December
• Gold Futures Tumble To Lowest Since July As Italy Concerns Linger
• Forex – USD/CAD Steady After U.S. Jobless Claims Data
• Markets Mixed As Year End Nears
• European Stocks Hold Gains After Italian Auction, U.S. Data; DAX Up 0.41%

U.S. Cellular Remains Neutral Posted: 29 Dec 2011 09:50 AM PST Despite the economic slowdown, U.S. Cellular’s (NYSE:USM) third quarter earnings surpassed the Zacks Consensus Estimate and shot up from the year-ago level primarily on smartphone sales. We believe the company will register further growth in smartphone sales as it continues to launch new handsets. Additionally, increased market penetration of the Belief plan is driving lower churn rates and subscriber addition. The expansion of 3G networks and the expected launch of Long-Term Evolution (LTE) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is Turnaround In The Cards For Gap? Posted: 29 Dec 2011 09:40 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

Blackstone Ventures In India Posted: 29 Dec 2011 09:35 AM PST Amid the ongoing sluggishness in global markets, a unit of The Blackstone Group (NYSE:BX) venture funds in India. According to Reuters, Blackstone, the private equity firm, purchased DLF Ackruti Info Parks (Pune) Ltd. from DLF Ltd. and its partner for $153 million (INR 8.1 billion). DLF had 67% partnership in DLF Ackruti Info Parks (Pune) Ltd. with the remaining being owned by its partner Hubtown Ltd. DLF Ackruti owned an information technology-based special economic zone in western part of Pune … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Scoots Sharply Higher. No News As Far As I Can See. Posted: 29 Dec 2011 09:22 AM PST The EURUSD just shot up with no news as far as I can see. The price has moved above the 1.2940/42 resistance and stops were ignited. Traders will be eyeing this level now for bias clues (down to 1.2936 = 38.2% of the leg higher). If the price can remain above this area, the upside can continue. IF the level gives way, there could be a sharp move back lower on the failed break. The liquidity conditions remain light and this may be contributing to the action just seen. Risk is increased when … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Technologies Looking Good Posted: 29 Dec 2011 09:20 AM PST Incorporated in 2000, Houston, Texas-based FMC Technologies Inc. (FTI) is a leading manufacturer and supplier of technology solutions for the energy industry. The company, which operates 25 manufacturing facilities in 15 countries, is engaged in the designing, producing and servicing technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions, and marine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charges To Weigh On Leggett’s Earnings Posted: 29 Dec 2011 09:10 AM PST Leggett & Platt Inc. (NYSE:LEG) now expects its earnings per share for full-year 2011 in the range of 99 cents to $1.04, due to a non-cash and pre-tax charge of nearly $36 million planned in the fourth quarter of 2011. The charge is expected to mainly relate to restructuring activity, including the discontinuation of some manufacturing facilities. The Carthage, Missouri-based company said the restructuring mainly comprises of closure of four underperforming manufacturing facilities. Leggett … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OSHA Set To Fine PPG Posted: 29 Dec 2011 09:05 AM PST Pittsburg-based, PPG Industries Inc. (NYSE:PPG) is on the verge of facing a $90,000 fine for violating four safety regulations at its Barberton, Ohio specialty chemicals plant from the U.S Occupational Safety and Health Administration (OSHA). OSHA stated that the company has "willfully" operated an unguarded winder machine and thus has decided to impose the fine. As per the agency, the workers were at risk as the machine lacked a safety guard. PPG also cited three other serious violations. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BHP Sells Diamond Stake To Partner Posted: 29 Dec 2011 08:40 AM PST BHP Billiton Ltd. (NYSE:BHP) recently agreed to sell its 51% interest in the Chidliak diamonds exploration project on Baffin Island, Canada to Peregrine Diamonds Ltd. ("Peregrine"). Both the parties have agreed to complete the transaction by 31 January 2012. Under the terms of the agreement, Peregrine will pay BHP Billiton C$9 million over a period of three years and grant BHP Billiton a 2% royalty on future production from Chidliak. The deal will follow an assessment of the project as part of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valspar Opens R&D Center In China Posted: 29 Dec 2011 08:25 AM PST Valspar Corporation (NYSE:VAL) announced that it has opened a new research and development (R&D) center at Shunde, China. The Valspar Applied Science and Technology Center will employ over 200 scientists to support and sustain the growth of Valspar in the Asia/Pacific region and its research and development efforts worldwide. The Minneapolis-based coating company launched the center with a grand opening that drew more than 400 customers, suppliers, government officials and other guests. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Drop Below USD99 After U.S. Supply Gain Posted: 29 Dec 2011 08:23 AM PST Forexpros – Crude oil futures dropped in thin year-end trade on Thursday, falling below USD99-a-barrel after government data showed U.S. crude supplies rose unexpectedly last week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD98.47 a barrel during U.S. morning trade, dropping 0.9%. It earlier fell by as much as 1.05% to trade at USD98.31 a barrel, the lowest since December 21. Crude prices traded at USD98.82 prior to the release of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Was Last Week’s Crude Oil Drawdown A Fluke? Posted: 29 Dec 2011 08:19 AM PST Thursday, December 29, 2011 Crude Oil futures suffered a setback yesterday, after the API showed a substantial inventory increase and European Central Bank lending continued at a feverish pace. Today’s EIA report is likely to confirm that the prior draw down was a fluke. Many traders continue to monitor the events in Iran, but some have already discounted the fact that the nation’s threat to close the Strait of Hormuz is probably an empty one. Some traders may perhaps wish to consider entering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCAD Tests 100 Hour MA At 1.0204 Posted: 29 Dec 2011 08:18 AM PST The USDCAD has moved down to test the 100 hour MA at the 1.0204 level. The pair held the 200 hour MA in the London session and the failure to move above the level, gave profit taking sellers the go ahead to sell. With the price down testing the 100 hour MA, the question becomes does the move up yesterday, make the support a level to buy?  Risk is to the 1.0195 level where the midpoint of the move up comes in.  IF the price moves below this level, traders might become frustrated with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Keeps The Bid But Moving Closer To The 1.2940/42 Resistance Posted: 29 Dec 2011 08:18 AM PST The EURUSD has kept the corrective buying alive as support against the 100 bar MA (blue line in the chart above) on the 5 minute chart and the 38.2% of the move higher in NY held the correction. The upside has resistance, however at the 1.2940/42 area. This area corresponds with the 38.2% of the move down yesterday, was near the high of trading today and the close from yesterday.  This is balancing the market a bit with sellers in the 1.2930s and buyers in the 1.2910 area. The trend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed As Euro Zone Concerns Weigh Posted: 29 Dec 2011 08:10 AM PST Forexpros – The U.S. dollar was mixed against its major counterparts in subdued trade on Thursday, as investors remained jittery after relatively positive U.S. data while a weak Italian debt sale continued to weigh on market sentiment. During U.S. morning trade, the dollar was higher against the euro, with EUR/USD retreating 0.20% to hit 1.2915, trading close to a more than one-year low. With most investors already away on year-end leave, trading volumes were thin, resulting in tight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Extends Gains On US Housing Data Posted: 29 Dec 2011 08:10 AM PST 12/29/11 US equity averages edged higher on mixed economic data. Pending home sales topped forecasts and jobless claims spiked … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Add To Losses After U.S. Supply Report Posted: 29 Dec 2011 08:07 AM PST Forexpros – Natural gas futures added to losses in thin trade on Thursday, trading close to the lowest level since September 2009 after the U.S. Energy Information Administration said that natural gas inventories declined less-than-expected last week, underlining concerns over elevated inventory levels. On the New York Mercantile Exchange, natural gas futures for delivery in February traded at USD3.077 per million British thermal units during U.S. morning trade, tumbling 1.35%. It earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Research In Motion Posted: 29 Dec 2011 08:05 AM PST Research In Motion Ltd.(NASDAQ:RIMM) reported third quarter 2012 financial results, where earnings per share (EPS) surpassed the Zacks Consensus Estimate but revenues missed the same. Moreover, the company reported weak financial outlook for the fourth quarter of fiscal 2012. Third Quarter Highlights Total revenue in the reported quarter was $5,169 million, down 5.9% year over year. Adjusted revenue of $5223 million in the quarter remained below the Zacks Consensus Estimate of $5,284 million. Net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market Malaise: Japanese Vs. US Style Posted: 29 Dec 2011 08:00 AM PST A reader lamented about the market's dismal performance and wondered whether we aren't victims of the American version of the Japanese Malaise (according to Dictionary.com, "a condition of general bodily weakness or discomfort, often marking the onset of a disease.  … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wendy’s Debuts In Japan Posted: 29 Dec 2011 07:55 AM PST The Wendy's Co. (NYSE:WEN) recently announced the opening of its first restaurant in Tokyo, Japan. The new restaurant has come up in the Omotesando area in Tokyo and is a part of Wendy's collaboration deal with Higa Industries Co. Ltd.  Earlier, in March this year, the company entered into a development agreement with Higa Industries Co. Ltd. to open approximately 100 Wendy's units in Japan. Per the deal, Higa Industries will develop and operate Wendy's restaurants across the country … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Trims Losses, E.Z. Concerns Persist Posted: 29 Dec 2011 07:27 AM PST Forexpros – The pound trimmed losses against the U.S. dollar in thin year-end trade on Thursday, after relatively upbeat U.S. data but gains were capped by sustained concerns over the handling of the debt crisis in the euro zone. GBP/USD pulled back from 1.5362, the pair's lowest since October 6 to hit 1.5425 during U.S. morning trade, still down 0.21%. Cable was likely to find support at 1.5326, the low of September 22 and a one-year low and resistance at 1.5518, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Pares Losses, Trades Close To 1-year Low Posted: 29 Dec 2011 07:15 AM PST Forexpros – The euro pared losses against the U.S. dollar on Thursday, trading within striking distance of a more than one-year low after mixed U.S. data while a weak Italian debt sale added to concerns over the euro zone's financial woes. EUR/USD pulled back from 1.2858, the pair's lowest since September 14, 2010 to hit 1.2911 during U.S. morning trade, still down 0.23%. The pair was likely to find support at 1.2858, the day's low and resistance at 1.3049, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Pending Home Sales Jump To 19-month High Posted: 29 Dec 2011 07:08 AM PST Forexpros – Pending home sales in the U.S. rose significantly more-than-expected in November, rising to the highest level in 19 months, industry data showed on Thursday. In a report, the National Association of Realtors said its pending home sales index surged by 7.3% in November, blowing past expectations for a 1.5% increase. Pending home sales rose by an unrevised 10.4% in October. Commenting on the report NAR chief economist Lawrence Yun said the gains may result partially from delayed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk Aversion Gives Dollar A Boost Posted: 29 Dec 2011 07:00 AM PST 12/29/11 The euro has continued to slide this morning in the forex markets as investors have continued to seek out safer-haven assets, keeping the currency near 11-year low versus the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Higher But Gains Limited; Dow Jones Up 0.54% Posted: 29 Dec 2011 06:58 AM PST Forexpros – U.S. stocks edged higher on Thursday, but gains were limited after relatively weak U.S. jobless claims data and amid sustained concerns over the debt crisis in the euro zone following a disappointing Italian bond auction. During early U.S. trade, the Dow Jones Industrial Average rose 0.54%, the S&P 500 index added 0.50%, while the Nasdaq Composite index advanced 0.14%. The U.S. Department of Labor said earlier that the number of individuals filing for initial jobless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chicago PMI Falls Less-than-expected In December Posted: 29 Dec 2011 06:58 AM PST Forexpros – Manufacturing activity in the Chicago area fell less-than-expected in December, industry data showed on Thursday. In a report, market research group Kingsbury International said its Chicago purchasing managers' index dipped by 0.1 points to a seasonally adjusted 62.5 in December from a reading of 62.6 in November, which was the highest since April. Analysts had expected the index to decline by 1.8 points to 60.8 in December. On the index, a reading above 50.0 indicates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Tumble To Lowest Since July As Italy Concerns Linger Posted: 29 Dec 2011 06:49 AM PST Forexpros – Gold futures traded close to the lowest level in nearly six-months on Thursday, as ongoing concerns over the euro zone's sovereign debt crisis prompted investors to liquidate profitable gold holdings to raise cash before the year's end. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,533.45 a troy ounce during early U.S. morning trade, plunging 2%. It earlier fell by as much as 2.6% to trade at USD1,523.45 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Steady After U.S. Jobless Claims Data Posted: 29 Dec 2011 06:30 AM PST Forexpros – The U.S. dollar was almost unchanged against its Canadian counterpart on Thursday, after relatively disappointing U.S. jobless claims data and amid ongoing concerns over the debt crisis in the euro zone. USD/CAD hit 1.0269 during early U.S. trade, the pair's highest since December 22; the pair subsequently consolidated at 1.0240, easing 0.07%. The pair was likely to find support at 1.0176, the low of December 27 and resistance at 1.0308, the high of December 21. Data showed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets Mixed As Year End Nears Posted: 29 Dec 2011 01:15 AM PST 12/29/11 NYFP’s Opening Bell Report: The global markets were standing their ground this morning, continuing to trade mixed following another Italian bond auction and less-than-impressive US jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Hold Gains After Italian Auction, U.S. Data; DAX Up 0.41% Posted: 29 Dec 2011 05:53 AM PST Forexpros – European stock markets remained moderately higher on Thursday, despite a disappointing Italian long-term bond auction and downbeat U.S. jobless claims data. During European afternoon trade, the EURO STOXX 50 rose 0.15%, France's CAC 40 advanced 0.12%, while Germany's DAX 30 added 0.41%. With most investors already away on year-end leave, trading volumes were thin, resulting in tight liquidity conditions and irregular volatility. Italy's Treasury sold just over EUR7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610