Tuesday, January 3, 2012

DailyMarkets.com - Forex Trading: USDCNH Retesting Trendline Support

DailyMarkets.com - Forex Trading: USDCNH Retesting Trendline Support

Forex Trading: USDCNH Retesting Trendline Support

Posted: 03 Jan 2012 05:18 PM PST

Forex Trading: USDHKD Bottom Holds Despite USD Weakness

Posted: 03 Jan 2012 05:18 PM PST

Crude Oil Climbs On Iran Threats, Factory Data

Posted: 03 Jan 2012 04:44 PM PST

Forexpros – Crude futures rose in early Asian trading Wednesday, extending strong gains posted earlier in U.S. and European sessions on Iran’s warnings to the U.S. Navy and also on strong manufacturing data out of the U.S. and China.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD103.02 a barrel in early Asian trading, up 0.06%.

The commodity hit a session high of USD103.14 and a low of USD102.92.

Iran’s threats to disrupt the flow of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Getting Close To The Bottom Of The Wedge.

Posted: 03 Jan 2012 04:18 PM PST

usd/cnh getting close to the bottom of the wedge which might provide support for this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Continue To Trade Around The Daily Lows

Posted: 03 Jan 2012 04:18 PM PST

usd/hkd continue to trade around the daily lows not showing much upward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Continue To Consolidate In This Wedge.

Posted: 03 Jan 2012 04:18 PM PST

usd/sgd continue to consolidate in this wedge not show any real signals of breaking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks Hikes Prices In Northeast, South

Posted: 03 Jan 2012 03:58 PM PST

01/03/12 Starbucks is raising select beverage prices by 1 percent in the Northeast and South. Rising commodity costs are being cited for the price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Short-Term Trend Has Strength

Posted: 03 Jan 2012 03:23 PM PST

Cusick’s Corner 01-03-2012
Today’s session was a strong start for 2012, with the major equity indices, SPX, DJX, RUT, all challenging December highs. From a technical perspective, these markets have also established levels at or above mid- and long-term support, finishing above the 200-Day SMA convincingly and when coupled with the VIX under the 200-Day, this short-term trend has strength. Traders will be watching the data coming out, so keep an eye on factory orders tomorrow and monitor the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Midweek Calendar: US Factory Orders, Auto Sales

Posted: 03 Jan 2012 03:20 PM PST

01/03/2012 A handful of US economic data will be released, alongside EU PMI services and UK PMI construction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed In The Twilight Of 2011-12

Posted: 03 Jan 2012 03:15 PM PST

Lockheed Martin Corporation (NYSE:LMT) had mixed fortunes during the cross over from fiscal 2011 to 2012. The defense behemoth operates in an industry characterized by high level of competition and is subject to fluctuations in defense spending.
At the fag end of 2011, Uncle Sam, in a clever move, has approved the first Foreign Military Sale of the Terminal High Altitude Area Defense ("THAAD") Weapon System to the United Arab Emirates. The sale comes on the heel of U.S. Defense Secretary Leon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Therapeutics Back To Neutral

Posted: 03 Jan 2012 03:05 PM PST

We recently downgraded United Therapeutics (NASDAQ:UTHR) to Neutral. United Therapeutics is focused on the development and commercialization of therapeutic products for patients with chronic and life-threatening diseases.
The company’s lead product is Remodulin (treprostinil), indicated for the treatment of pulmonary arterial hypertension (PAH) in patients with New York Heart Association (NYHA) Class II-IV symptoms. Remodulin is approved for both subcutaneous (SC) and intravenous (IV) use.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RTN Busy With AN/TPY-2 Radar Orders

Posted: 03 Jan 2012 02:50 PM PST

Raytheon Company (NYSE:RTN) has received two radar contracts under which it will provide AN/TPY-2 radars to the Terminal High Altitude Area Defense ("THAAD") missile defense system of the U.S. Army and United Arab Emirates ("UAE").
Per the firm-fixed-price contract worth $363.9 million, the company will provide two AN/TPY-2 radars to the U.S Army.
Under the $582.5 million radar contract with UAE, besides providing AN/TPY-2 radar, the company will also aid UAE with associated spares, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Betting On Nothing

Posted: 03 Jan 2012 02:40 PM PST

Investors’s unrelenting faith in the return of the consumer has helped to sustain a nearly three-year rally in the S&P 500 consumer discretionary sector, which is now just 5 percent below last April’s record highs. And yet, as the following reports suggest, there is still no real evidence that Americans have either the will or the wherewithal to whip out their wallets and spend again.
From The New York Times:
“For 2012, Signs Point to Tepid Consumer Spending”
American consumers are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIG Upped To Neutral

Posted: 03 Jan 2012 02:40 PM PST

Last week, we upgraded our recommendation on American International Group Inc. (NYSE:AIG) to Neutral from Underperform based on its improving capital flexibility. Besides, asset disposals and repayment of a chunk of debt appears to be favorable for the new stock buyback program.
AIG reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of $0.08 and $0.84 reported in the year-ago quarter. Consequently, operating loss of $3.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNO Reduces Share Buyback In 4Q

Posted: 03 Jan 2012 02:25 PM PST

CNO Financial Group Inc. (NYSE:CNO) has lowered its latest share buyback due to a reduced cash balance on its balance sheet. The company repurchased approximately 2.35 million shares in the fourth quarter of 2011, significantly down from 6.6 million shares in the prior quarter. CNO Financial spent only $14.1 million in total during the quarter for purchasing the shares at an average price of $6.02.
The company's fourth-quarter repurchase brings the total buybacks under its $100 million share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

5 Stocks Worth Watching

Posted: 03 Jan 2012 02:11 PM PST

( click to enlarge )

Shares of USEC Inc. (NYSE:USU) soared 13% or 15 cents to $1.29 per shares on heavy volume. The stock has had a rough time over the past weeks, but today's bounce could be the first move to recovery. The technical chart shows the stock is in a rally as %K line is rising on top of %D line as the price is back above 20-day moving average. Another bullish indicator is the MACD which is showing a bullish divergence, while we are not so far to cross his neutral signal. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On The Andersons

Posted: 03 Jan 2012 02:10 PM PST

We maintain our Neutral recommendation on The Andersons Inc. (NASDAQ:ANDE), which is a diversified company operating in five different business segments ranging from buying, selling and storing grain to leasing railcars and running retail stores catering to the latest home hardware needs.
The Andersons Inc. reported third-quarter EPS of 59 cents, a substantial improvement over 8 cents reported in the year-ago quarter and way ahead of the Zacks Consensus Estimate of 17 cents. The outperformance was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valeant Pharma Buys INova (revised)

Posted: 03 Jan 2012 02:00 PM PST

Canadian pharmaceuticals company Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that it has completed its acquisition of iNova from Australian private equity firms, Archer Capital and Ironbridge. iNova pharmaceutical group develops and markets prescription and over-the-counter ("OTC") pharmaceutical products in Australia, New Zealand, Southeast Asia and South Africa. Valeant Pharma had entered into a deal to acquire iNova in November 2011.

Valeant Pharma paid iNova … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nintendo: 4 Million 3DS Handhelds Sold In Less Than One Year

Posted: 03 Jan 2012 09:00 AM PST

01/03/12 According to a company statement released Tuesday, the Nintendo 3DS has officially crossed the 4 million mark for U.S. sales in less than one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Hotels & Lodging Stock Outlook

Posted: 03 Jan 2012 01:55 PM PST

 
CHOICE HTL INTL (CHH): Free Stock Analysis Report
 

 

 

 

 

 

 

 

 

 

 

 

 
To read this article on Zacks.com click … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

November Chip Sales Plunge

Posted: 03 Jan 2012 01:55 PM PST

A recent report published by the Semiconductor Industry Association (SIA) reveals that chip sales took a tumble following the recent floods in Thailand. Global chip sales were also affected by the Eurozone crisis in November 2011.
As per the data by SIA, global chip sales during the month of November dipped 2.4% from last month to $25.1 billion. However, on a year-to-date basis, global chip sales inched up 0.8% from the year-ago level.
The leading global chip manufacturer Intel Corporation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa Faces RICO Claims

Posted: 03 Jan 2012 01:55 PM PST

An aluminum company controlled by the Bahrain government filed a federal racketeering claim against Alcoa Inc. (NYSE:AA).
Aluminum Bahrain BSC filed a Racketeer Influenced and Corrupt Organizations (RICO) document in the US District Court in its nearly 4-year lawsuit against Alcoa.
The company, also known as Alba, is one of the world's largest aluminum smelters. Alba claimed in court documents that Alcoa reaped more than $400 million in illegal profits by overcharging for alumina, which is used … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Through The FOMC’s Looking Glass: An Orgy Of Transparency

Posted: 03 Jan 2012 01:52 PM PST

Back in the day, when I was a member of the FOMC (1991-2004) I occasionally had an opportunity to push back against a push for greater transparency surrounding monetary policy. I was usually in the minority in thinking that transparency can be taken too far—that the reduction in flexibility for policymakers and the one-way bet opportunities for markets were too high a price to pay for any perceived benefits. I opined on that subject publicly a while back when the FOMC recently began … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Soar On Global Growth; DOW Up 1.47%

Posted: 03 Jan 2012 01:33 PM PST

Forexpros – U.S. shares soared higher on Tuesday on signs that global manufacturing output is increasing.

At the close of U.S. trade, the Dow Jones Industrial Average gained 1.47%, the S&P 500 moved higher by 1.54% and the Nasdaq Composite index climbed 1.67%.

Worldwide manufacturing showed improvement in December signaling that production is standing up against the euro zone debt crisis.

In the U.S. a report showed factory output growing at the fastest pace in six months. In addition, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Recalls For Missing Brake Pads

Posted: 03 Jan 2012 01:25 PM PST

General Motors Company (NYSE:GM) announced that it would recall about 5,000 units of its subcompact car Sonic due to missing front brake pads in some of the vehicles. Among them, 4,296 were sold in the U.S. and 577 in Canada. The problem was first detected by the automaker while doing warranty service on a Sonic.
The recalled vehicles were assembled in the Orion Township, Michigan plant. GM suspected that the brake pads, which are a part of a subassembly of components, fell off before the cars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Surge On Iran And Dollar

Posted: 03 Jan 2012 01:06 PM PST

Forexpros – Gold futures surged the most in 10 weeks after Iran announced progress in its nuclear program and the U.S. dollar plunged.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1606.65 a troy ounce during late U.S. trade surging 2.27%.

It earlier hit a high of USD1608.55 and a low of 1567.65.

Gold futures were likely to find support at USD1561.69 and technical resistance exists at USD1608.55.

Weakness in the U.S. dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How To Bet On Big Retail

Posted: 03 Jan 2012 01:05 PM PST

The choppy economy around the world in 2011 was more or less evident in every sector. Retailers were also not left unscathed.
Slow moving US and Asian economies and recessionary fears in Europe continued to weigh upon consumer discretionary purchases. Moreover, rising inventory levels and increased markdowns dragged down margins for the retailers.
However, retail, owing to its huge spectrum and scope for growth, has been a lucrative investment avenue for investors. Adding to the opportunity is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Board Begins 2012 With A Big Bang!

Posted: 03 Jan 2012 08:00 AM PST

01/03/12 The first trading session of 2012 saw the Dow Jones surge as financials soared and a handful of economic reports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bayer Looks To Expand Xarelto Label (revised)

Posted: 03 Jan 2012 12:55 PM PST

Bayer (BAYRY) and partner Janssen Research and Development (JRD) are seeking approval to market their co-developed blood thinner, Xarelto, to reduce the risk of cardiovascular events in patients suffering from acute coronary syndrome (ACS). JRD, which holds the U.S. rights to the drug, filed an sNDA with the U.S. Food and Drug Administration (FDA) last week.

In addition, Bayer HealthCare submitted for EU marketing authorization for the same indication, secondary prevention after an acute … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J. C. Penney: A SWOT Study

Posted: 03 Jan 2012 12:55 PM PST

The economy is struggling, and so is J. C. Penney Company Inc. (NYSE:JCP). The company's lackluster performance has set it back while many of its peers have walked away with impressive numbers. But is this enough for an investment decision?
Superficially, a stock may look weak but this should not be the criterion for ones judgment. What looks good from the outside may not actually hold promises in the long run. In short, looks can be deceptive.  
What else do we look for before investing in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Family Dollar

Posted: 03 Jan 2012 12:40 PM PST

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, is slated to report its first-quarter 2012 financial results on January 5. The current Zacks Consensus Estimate for the quarter is 67 cents a share. The Zacks Consensus estimates revenue at $2,165 million.
Fourth-Quarter 2011, a Synopsis
Amid the global economic turmoil, Family Dollar posted better-than-expected fourth-quarter 2011 results. The quarterly earnings of 66 cents a share outpaced the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What The Beginning Of 2012 Holds For The S&P 500 & Gold

Posted: 03 Jan 2012 12:24 PM PST

"Never make predictions, especially about the future."
~ Casey Stengel ~
With the new year upon us, market prognosticators and financial pundits begin producing their predictions for 2012 while portfolio managers and individual investors adjust their investment allocations based on what they expect to transpire in the coming year. I refuse to make long term predictions in an environment where central bank planning and currency wars are percolating.
My primary focus is on risk with every … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: New Year Greeted With Positive Econ News

Posted: 03 Jan 2012 12:22 PM PST

Cusick’s Corner 01-03-2012
The New Year is off and the strong-handed longs are immediately being greeted with a good start — the S&Ps opened up over 2%. Into the Midday on this first trading day of 2012, the market is trading at the lowest level but the real story is Risk is On. You can watch the movement in the Buck, UUP, which on the open was challenged and pounded to the downside. This has been a nice catalyst for the Commodity bulls, USO, JJG, GLD, SLV, and if the weakness continues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Off Resistance

Posted: 03 Jan 2012 12:21 PM PST

Equity One Closes Asset Sale Deal

Posted: 03 Jan 2012 12:20 PM PST

Equity One Inc. (NYSE:EQY), a real estate investment trust (REIT) that owns, manages and develops neighborhood and community shopping centers in the U.S., has recently closed on the asset sale transaction involving the previously announced sale of 36 shopping centers spanning approximately 3.9 million square feet across the U.S. The properties were sold for $473.1 million to Blackstone Real Estate Partners VII.
The divested properties were predominately located in Atlanta, Tampa and Orlando, while … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valeant Pharma Buys INova

Posted: 03 Jan 2012 12:05 PM PST

Canadian pharmaceuticals company Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that it has completed its acquisition of iNova from Australian private equity firms, Archer Capital and Ironbridge. iNova pharmaceutical group develops and markets prescription and over-the-counter ("OTC") pharmaceutical products in Australia, New Zealand, Southeast Asia and South Africa. Valeant Pharma had entered into a deal to acquire iNova in November 2011.
Valeant Pharma paid iNova … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold AGQ – $47.50 Sold NUGT – $21.55 Gold Update

Posted: 03 Jan 2012 11:48 AM PST

Well, call me paranoid about this gold rally if you wish, but I have banked modest gains on both of my trading positions and 2012 is off to a fine start!

I continue to believe the likelihood of gold making a final plunge towards $1400 is high so I am satisfied to sit in cash as I watch things develop.

This first chart is of Proshares Ultra Silver 2X ETF (AGQ) which I sold for $47.50. This is a 15 minute chart which is not usually not the best time frame for making decisions about trends … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Plunges Against Major Counterparts

Posted: 03 Jan 2012 10:58 AM PST

Forexpros – The U.S. dollar plunged against its major counterparts as improved manufacturing numbers in the U.S. and China triggered a flight from safety.

During mid session U.S. trade, the greenback plunged against the euro, with EUR/USD adding 0.96% to 1.3059.

The single currency gained strength on a bullish German economic report and a reversal of year end trades from the safety of the greenback.

The U.S. dollar was down against the pound, with GBP/USD advancing 0.96% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Uganda Holds Monetary Policy Rate At 23.00%

Posted: 03 Jan 2012 10:23 AM PST

The Bank of Uganda held its new monetary policy interest rate (the central bank rate [CBR]) unchanged at 23.00%.  The Bank also reduced by 100 basis points the rediscount rate to 27.00% and the Bank Rate to 28.00%.  Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, said: “I acknowledge the fact that the long-term solution to controlling inflation rests on addressing the structural constraints and improving productivity, but controlling inflation in the short to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, January 4, 2012

Posted: 03 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, January 4, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.23
+ 6.71
8.79
8.70

Bullish

AXP – American Express Company
48.39
+ 2.59
47.73
47.39

Bullish

BA – Boeing Co
74.22
+ 1.19
73.98
73.66

Bullish

BAC – Bank of America Corporation
5.80
+ 4.32
5.57
5.47

Bullish

CAT – Caterpillar Inc
93.98
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, January 4, 2012

Posted: 03 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, January 4, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0376
+ 1.42
1.0251
1.0174

Bullish

EURUSD – Euro / US Dollar
1.3051
+ 0.91
1.2969
1.2961

Bullish

GBPUSD – British Pound / US Dollar
1.5647
+ 0.88
1.5537
1.5528

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0106
− 0.78
1.0170
1.0199

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, January 4, 2012

Posted: 03 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, January 4, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.03
− 0.20
110.24
110.19

Bearish

BND – Vanguard Total Bond Market ETF
83.28
− 0.31
83.43
83.36

Bearish

DBC – DB Commodity Index Tracking Fd
27.64
+ 2.98
27.07
26.89

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, January 4, 2012

Posted: 03 Jan 2012 05:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, January 4, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1272.00
+ 1.56
1260.64
1253.33

Bullish

Dow Jones – Mar YMH2
12338
+ 1.55
12237
12159

Bullish

Nasdaq – Mar NQH2
2316.00
+ 1.82
2288.78
2274.92

Bullish

Russell – Mar TFH2
749.50
+ 1.45
743.67
740.40

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
143-03
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Case For Sustained $100 Oil

Posted: 02 Jan 2012 10:00 PM PST

By Frank Holmes
CEO and Chief Investment Officer
U.S. Global Investors
In 2011, oil was one of the top performing commodities among those we track, with Brent rising more than 13 percent. Geopolitical risk and unexpected non-OPEC supply losses caused oil to rise significantly in early 2011. By October, we saw the black gold sink to a low of $96 per barrel before rising to its current level of nearly $108 a barrel.
Last year's unrest demonstrated how major oil-producing regions can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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