Thursday, January 5, 2012

DailyMarkets.com - Forex – USD/JPY Up During Asian Trade

DailyMarkets.com - Forex – USD/JPY Up During Asian Trade

Forex – USD/JPY Up During Asian Trade

Posted: 05 Jan 2012 04:35 PM PST

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

USD/JPY was trading at 77.15, up 0.04% at time of writing.

The pair was likely to find support at 76.61, Wednesday's low, and resistance at 77.25, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.2795 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDSGD Holding 38.2%

Posted: 05 Jan 2012 04:18 PM PST

The USDSGD pair has held the 38.2% retracement the last few sessions and a USD bid could revive the pair to move back toward the late December levels, as we see the short-term trending 21hr mavg breaking above the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDHKD Breaks November Lows

Posted: 05 Jan 2012 04:18 PM PST

Despite some clear USD strength, the currency's' weakness against Asian currencies has been evident as of late and is seen here on the break of the November lows in USDHKD yesterday. Although the moving averages are also turning negative with the 100day about to break below the 200 day, a risk off USD rally could be in store for the 1st quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 05 Jan 2012 04:10 PM PST

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

EUR/USD was trading at 1.2795, up 0.05% at time of writing.

The pair was likely to find support at 1.2772, Thursday's low, and resistance at 1.3077, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8254 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barnes & Noble Slides On Possible Spinoff

Posted: 05 Jan 2012 03:50 PM PST

01/05/12 Barnes & Noble shares slid after the bookseller announced that it may spin off its Nook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumiez Comps Soars Again

Posted: 05 Jan 2012 03:25 PM PST

Zumiez Inc. (NASDAQ:ZUMZ), an action sports retailer in the United States, reported comparable store sales for the five-week period ended December 31, 2011. Total net sales for the period marked a significant increase of 18.1% to $104.6 million from $88.5 million reported in the five-week period ended January 1, 2011.
During the period under review, comparable store sales surged 10% compared with a rise of 9.2% in the prior-year period. The December results marked the 25th consecutive month of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Range-Bound

Posted: 05 Jan 2012 03:23 PM PST

Cusick’s Corner 01-05-2012
Yesterday I talked about range-bound consolidation and it happened again today. The market was challenged early to the downside, and then clawed its way back to end the day at breakeven levels. This allows the bulls to continue to monitor and digest the data that’s macro-economic (like a good ADP) and political (mixed EU and more chest pounding in Iran) — this action is potentially setting up some decent upside challenge. While the gap from Monday will need to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NFP Takes Center Stage

Posted: 05 Jan 2012 03:20 PM PST

01/05/11 The US employment report for December will be coming out on Friday morning. A slew of Fed speeches will highlight the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCB-Immunomedics Restructure Deal

Posted: 05 Jan 2012 03:10 PM PST

UCB (UCBJF) and Immunomedics, Inc. (NASDAQ:IMMU) recently announced that they have amended their agreement for the worldwide development, marketing and sale of epratuzumab for all autoimmune disease indications. According to the new agreement, UCB returned its buy-in right to Immunomedics for the cancer indication of the candidate, and in return got the flexibility to select a partner to sublicense epratuzumab's rights for certain territories.
On the execution of the amendment, Immunomedics is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Three-Month T-Bills

Posted: 05 Jan 2012 03:09 PM PST

The chart above shows 3-month T-bill rates back to 1934, and shows an interesting historical, full-circle pattern: from zero in the 1930s to a 16% peak around 1980, back to zero again in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taking Note

Posted: 05 Jan 2012 03:06 PM PST

Among those I thanked in my last post of 2011 were the individuals who were kind enough to send traffic my way. In light of the support they have given me, I thought it only reasonable to try and return the favor. Here is a list of those websites (virtually all of which I read on a regular basis) which accounted for the largest number of referrals to Financial Armageddon over the past 12 months (in alphabetical order):

Activist Post
The Automatic Earth
Bearish News
The Big Picture
Calculated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Sealed Air

Posted: 05 Jan 2012 03:04 PM PST

We maintain our Neutral recommendation on Sealed Air Corporation (NYSE:SEE) given concerns regarding the Diversey integration risks, added debt and interest burden and significant exposure to Europe that overwhelm the company's positives – focus on expanding in emerging markets, benefits from the Diversey acquisition and a better volume performance than its peers. The company retains a Zacks #3 Rank, which implies a Hold recommendation for the short term.
Sealed Air reported third-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Archer Daniels Spreads To Slovakia

Posted: 05 Jan 2012 02:50 PM PST

Leading food processing company, Archer Daniels Midland Company (NYSE:ADM), yesterday, set foot in Slovakia to grow its strategy for expansion in Central and Eastern Europe. It gained control of three grain elevators in Slovakia, which were previously owned by Palma Group a.s. and Polnonakup Hont a.s.
These new assets will broaden Archer Daniels' origination network in Slovakia, beside the River Danube. Situated in Levice, Hontianske Nemce and Secovce, in south and east Slovakia, the facilities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

M&T Bank Stays Neutral

Posted: 05 Jan 2012 02:50 PM PST

We are reiterating our Neutral recommendation on the M&T Bank Corp.'s (NYSE:MTB) stock following a detailed analysis of the company's fundamentals in light of the current economic and regulatory environment.
M&T Bank Corporation's third-quarter 2011 operating earnings of $1.53 per share were significantly below the Zacks Consensus Estimate of $1.67. Results also lagged the $2.16 per share earned in the prior quarter and $1.55 per share in the year-ago period.
Results reflected an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetroPCS To Provide Live Mobile TV

Posted: 05 Jan 2012 02:35 PM PST

After pioneering the 4G LTE services in the U.S., MetroPCS Communications, Inc. (NYSE:PCS) is now headed for the live mobile TV market. MetroPCS, the fifth largest wireless provider in the U.S.joined with Mobile Content Venture ("MCV") for this endeavor.
Mobile Content Venture is a joint effort by 12 major broadcast groups, including big names like Pearl Mobile, Fox, ION Television and NBC.
MetroPCS will initially provide this service over Google's (NASDAQ:GOOG) Android-based smartphones with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Follows Budget Cut Trends

Posted: 05 Jan 2012 02:30 PM PST

Chicago-based Aerospace and Defense company The Boeing Company (NYSE:BA) has decided to shut down its Boeing Defense, Space & Security ("BDS") facility in Wichita by the end of 2013 on the back of continuous reduction in U.S. defense spending and after a thorough assessment of current and future market environment.
The company indicated that contracts at Wichita are complete and the programs at the site have come to a close. The company also believes that the plant does not have sufficient … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Romney, Frankenstein, And A Personal Confession

Posted: 05 Jan 2012 02:27 PM PST

If Mitt Romney becomes president I'm to blame. Ten years ago I ran for the Democratic nomination for governor of Massachusetts — which would have given me the opportunity to whip Mitt Romney's ass in the general election, 
I blew it. In the final week of the primary I was neck and neck with the state treasurer, but then my money ran out, which meant my TV ads stopped. Declining the suggestion of my campaign manager to take out a second mortgage on my home, I frantically phoned anyone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rail Traffic Ends The Year With Strong Gains

Posted: 05 Jan 2012 02:27 PM PST

“The Association of American Railroads (AAR) today reported gains in 2011 rail traffic compared with last year, with U.S. railroads originating 15.2 million carloads, up 2.2 percent over 2010 and up 9.7 percent over 2009. Total U.S. rail intermodal volume in 2011 was 11.9 million trailers and containers, up 5.4 percent over 2010 and up 20.4 percent over 2009.

In 2011, 14 of the 20 carload commodity categories tracked by AAR saw increases on U.S. railroads compared with 2010 indicating a broad … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Change At Teva’s Helm

Posted: 05 Jan 2012 02:15 PM PST

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced a leadership change with current President and CEO, Shlomo Yanai, expected to retire from the company effective May 2012. Mr. Yanai will be succeeded by Dr. Jeremy Levin, a former senior executive at Bristol-Myers Squibb (NYSE:BMY).
Mr. Yanai intends to move into a new phase in his career. He was responsible for converting Teva from an $8.4 billion mainly generics business in 2006 to a more diversified company with a sales target of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MBI May Win Vs. Countrywide

Posted: 05 Jan 2012 02:05 PM PST

MBIA Corp. (NYSE:MBI) is well poised to win its three year old lawsuit against Countrywide Financial, a subsidiary of Bank of America Corporation (NYSE:BAC). The positive development in the case comes from the New York judge's ruling.
According to the ruling, MBIA is not required to justify that misrepresentations made by Countrywide regarding the nature of its securities led to billions of claims payment by the former. The fact that MBIA Corp was misled is enough to tilt the scales in its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Beats, Guides High

Posted: 05 Jan 2012 02:00 PM PST

Monsanto Company (NYSE:MON) posted a strong financial result in the first quarter of fiscal 2012 with an EPS (excluding restructuring expense) of 23 cents, breezing past a meager 2 cents recorded a year ago. The result exceeded the Zacks Consensus Estimate of 19 cents.
The company generated revenues of $2,439 million, up from $1,836 million registered in the year-ago quarter. The revenue exceeded the Zacks Consensus Estimate of $2,034 million based on improved sales in the growing Latin America … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Crawl Back From Early Lows To Close Flat

Posted: 05 Jan 2012 09:00 AM PST

01/05/12 NYFP’s Closing Bell Report: Stocks rebounded from their morning lows this afternoon to close out the session flat led by gains in financials and worries about the eurozone debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mercedes-Benz Sales Accelerate In 2011, Breaks Records

Posted: 05 Jan 2012 09:00 AM PST

01/05/12 German carmaker Daimler has said it sold a record number of Mercedes-Benz cars in 2011 as sales grew in the China, Russia, India, and even the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon: Both Sides Of IPhone Story

Posted: 05 Jan 2012 01:40 PM PST

Verizon Wireless, a joint venture between Verizon Communications (NYSE:VZ) and Vodafone Plc (NYSE:VOD), sold 4.2 million Apple Inc. (NASDAQ:AAPL) iPhones in the fourth quarter of fiscal 2011. This brings the total iPhone sales closer to Verizon's targeted 11 million for fiscal 2011.
The fourth quarter iPhone sales more than doubled from the prior quarter. Verizon added 2 million iPhones in the last quarter, trailing AT&T's 2.7 million activations.
Even then, Verizon outpaced AT&T in total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Autos See Best Year Since ’08

Posted: 05 Jan 2012 01:35 PM PST

Light vehicle sales in December 2011 rose 9% to seasonally adjusted annual rate (SAAR) of 13.6 million units, driven by low interest rates (below 3%), easier credit standards, decreasing unemployment rate and pent-up demand when the average age of cars on U.S. roads is almost 11 years and used cars are worth more at trade-in.
These led to sales of 12.8 million vehicles in full year 2011, up 10% from 2010. It is also the highest sales since 2008 when the financial crisis showed up. However, it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BNY Mellon Closes Shareowner Sale

Posted: 05 Jan 2012 01:35 PM PST

On Tuesday, The Bank of New York Mellon Corporation (NYSE:BK) announced the completion of the divestiture of its Shareowner Services business to Computershare. BNY Mellon received $550 million in cash for selling this unit. In April 2011, the company had signed a definitive agreement to sell Shareowner.
Previously, BNY Mellon reported revenues from the Shareowner unit as a part of its Issuer Service segment. The company recorded a significant reduction in Shareowner unit revenues in 2010 mainly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Old ‘We’ll Make It Up On Volume” Fail?

Posted: 05 Jan 2012 01:28 PM PST

Back when many Wall Street “strategists,” economists, retail industry trade groups, and others who claim to know what they are talking about were predicting a strong holiday selling season (and the long-awaited return of the free-spending U.S. consumer), I warned that there was much less there than meets the eye (see here and here).
Well, as The New York Times more-or-less confirms in “Retailers Post Sales Gains, but Discounts Hurt,” it looks like the so-called experts have been proved wrong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh Buys Alexander Forbes

Posted: 05 Jan 2012 01:25 PM PST

Yesterday, Marsh & McLennan Companies Inc.'s (NYSE:MMC) leading insurance brokerage wing, Marsh Inc., announced the successful acquisition of the brokerage business of South Africa-based Alexander Forbes.
The intention to acquire Alexander Forbes was announced in September 2011, whereby Reuters had reported that the deal is valued at 809 million rand ($115.5 million).
As previously decided, Marsh's acquisition presently includes Alexander Forbes Risk Services' in South Africa and its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Mixed On Job Data, Euro Fears; DOW Lower By 0.02%

Posted: 05 Jan 2012 01:25 PM PST

Forexpros – U.S. stocks mostly continued their New Years rally Thursday on improved job data and positive bank sentiment despite euro zone concerns and reduced profit forecasts.

At the close of U.S. trade, the Dow Jones Industrial Average eased lower by 0.02%, the S&P 500 moved higher by 0.34% and the Nasdaq Composite index advanced 0.81%.

ADP Employer services reported that payrolls increased by 325,000 last month crushing analysts estimates of 178,000.

In addition, applications for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Nat Gas Rebound This Year?

Posted: 05 Jan 2012 01:15 PM PST

Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight?
From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring to spot prices at the Henry Hub, the benchmark supply point in Louisiana) to around $3.00 now – sinking in between to a low of $2.50 in September 2009 – the plummeting value of natural gas represents a decline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Boosts BOSTCO Stake

Posted: 05 Jan 2012 01:07 PM PST

Kinder Morgan Energy Partners L.P. ( has increased its holding in Battleground Oil Specialty Terminal Company, LLC (BOSTCO) project to 98% following the purchase of an additional 50% stake from TransMontaigne Partners L.P. (NYSE:TLP).
Kinder Morgan, which currently holds ownership of the BOSTCO project, started construction in December 2011. A consumer at the BOSTCO facility will be holding the remaining 2%.
The first phase of the $430 million oil terminal situated on the Houston Ship Channel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Further Spreads Wings In Cloud

Posted: 05 Jan 2012 01:00 PM PST

IBM Corp (NYSE:IBM) recently announced that it has agreed to acquire Green Hat, a cloud-based software testing provider. This would mark IBM's first acquisition in 2012. The to-be-acquired company will be integrated into IBM's Rational Software business, which enables software development teams to deliver efficiently and facilitate time management in a cost effective manner.
Privately held Green Hat has headquarters in London, England and Wilmington, Delaware. The company boasts a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VeriFone Buys Point In Europe

Posted: 05 Jan 2012 12:50 PM PST

VeriFone Systems Inc. (NYSE:PAY) recently completed the acquisition of Point, one of Northern Europe's largest providers of payment and gateway services and solutions for retailers.
Based in Stockholm, Point provides payment and gateway services and solutions for retailers in Northern Europe. Founded in 1988, the company has operations in 11 Northern European countries and currently serves a captive network with over 475,000 merchants. Nordic Capital acquired Point in 2004.
Point offers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northern Trust Reiterated Neutral

Posted: 05 Jan 2012 12:40 PM PST

We are maintaining our Neutral recommendation on Northern Trust Corporation (NASDAQ:NTRS) based on the company's focus on initiating more new business with addition of both personal and institutional clients and assets. Moreover, the completion of acquisitions in 2011 provided Northern Trust with attractive clients coupled with new competencies that will drive future new business.
In July 2011, Northern Trust completed the acquisition of Omnium LLC, a leading hedge fund administrator, from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Constellation Brands Misses

Posted: 05 Jan 2012 12:20 PM PST

Leading wine distributor Constellation Brands Inc. (NYSE:STZ) delivered an adjusted EPS of 50 cents in the third quarter of fiscal 2012, missing the Zacks Consensus Estimate of 52 cents and prior-year earnings of 66 cents.
Sales in the quarter dropped 27% to $701 million from the year-ago quarter. The fall was due to the divestitures of the Australian and U.K. wine businesses. Sales also missed the Zacks Consensus forecast of $718.0 million.
The company's organic constant currency net sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lilyhammer Premieres On Netflix

Posted: 05 Jan 2012 12:20 PM PST

In a bid to supplement its original content, Netflix Inc. (NFLX) recently announced the premiere of Lilyhammer on February 6, 2012. Set in Norway, the original series portrays the histrionics of a New York mobster Frank “The Fixer” Tagliano, after he betrays his boss. The eight-episode series stars E Street Band guitarist Steven Van Zandt, who also portrayed a similar character in HBO's popular series The Sopranos.
Lilyhammer is Netflix's third original series over the last 12 months. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPG Commercializes AEROCRON

Posted: 05 Jan 2012 12:05 PM PST

PPG Industries Inc.'s (NYSE:PPG) aerospace coatings group has commercialized its first electrocoat-application primer for global airframe manufacturers and subcontractors to coat parts for commercial, military and general-aviation aircraft.  
Aerocronelectrocoat primer is mainly formulated to help applicators get the most from the electrocoat process, providing a real breakthrough for the aerospace industry in several ways. For the aircraft manufacturers and subcontractors, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Climb On Deepening Euro Zone Concerns

Posted: 05 Jan 2012 11:59 AM PST

Forexpros – Gold futures continued their advance on Thursday on deepening euro zone debt concerns despite a soaring U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1622.95 a troy ounce during late U.S. trade climbing 0.64%.

It earlier hit a high of USD1626.25 and a low of USD1597.75. Gold futures were likely to find support at USD1601.15 and technical resistance exists at USD1625.75.

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

NCR, Cisco In Strategic Deal

Posted: 05 Jan 2012 11:50 AM PST

NCR Corp. (NYSE:NCR) will soon be offering Cisco Systems Inc.'s (NASDAQ:CSCO) Unified Computing System in the Middle East and Africa (MEA). To make Cisco's products available in the MEA, NCR had to attain Data Center Unified Computing Authorized Technology Provider status from the tech giant. The designation was awarded only after completion of the requisite training to sell, deploy and support the Cisco Unified Computing System.
NCR shares a long-standing relationship with Cisco. NCR has been a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macy’s Plans To Re-equip

Posted: 05 Jan 2012 11:50 AM PST

In an economy fraught with risks, being well-equipped to face the unprecedented hurdles becomes the order of the day for every company. After the short-lived advantages from Thanksgiving, Black Friday and Christmas it's time again to face the ripple effect of the 2011 turmoil. The 2012 scenario will not be any different from the last year, and retailers must be ready to face a replay of soft consumer demand, plagued by an unhelpful job market.
Macy's Inc.'s (NYSE:M) relentless endeavors to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Byron Wien’s Surprises Of 2012

Posted: 05 Jan 2012 11:43 AM PST

Byron Wien, vice chairman of Blackstone Advisory Partners, yesterday published his list of surprises for 2012 — following a 25-year tradition he began while still chief U.S. investment strategist at Morgan Stanley.

Byron defines a “Surprise” as an event which the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening: 

The Surprises of 2012 (first four): 

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

Corning In Long-Term Diesel Deals

Posted: 05 Jan 2012 11:40 AM PST

Corning Inc. (NYSE:GLW) has entered into long-term supply agreements with heavy-duty diesel engine, truck, construction and agricultural equipment manufacturers. The terms of these agreements were not disclosed, including the number of companies involved. However, the company specified that the agreements involved core customers and will ensure those manufacturers have access to Corning products in the coming years.
Corning is a leading global supplier of cellular ceramic substrates and diesel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Gains Ground On Safety Flight

Posted: 05 Jan 2012 11:36 AM PST

Forexpros – The U.S. dollar advanced against its major counterparts on Thursday, as euro zone debt crisis fears caused investors to sell higher yielding riskier assets and seek the relative safety of the greenback.

During mid session U.S. trade, the greenback traded higher against the euro, with EUR/USD falling 1.15% to hit 1.2791.

The single currency was depressed by a combination of Italy’s UniCredit selling stock to increase capital, a French bond auction resulting in higher yields, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR, Cisco In Strategic Tie-up

Posted: 05 Jan 2012 11:20 AM PST

NCR Corp. (NYSE:NCR) will soon be offering Cisco Systems Inc.'s (NASDAQ:CSCO) Unified Computing System in the Middle East and Africa (MEA). To make Cisco's products available in the MEA, NCR had to attain Data Center Unified Computing Authorized Technology Provider status from the tech giant. The designation was awarded only after completion of the requisite training to sell, deploy and support the Cisco Unified Computing System.
NCR shares a long-standing relationship with Cisco. NCR has been a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Trying To Bounce

Posted: 05 Jan 2012 11:18 AM PST

Cusick’s Corner 01-05-2012
The market has held support, 1264 on the SPX, and with the Buck right off the highs, $81.325, this is a short-term positive. The market has also held up in the face of a Euro, FXE 127.46, which could be a pullback not because of negativity on the currency, but could be more of a reaction to a liquidity lever being possibly pulled by the ECB (could also explain why the market did not react overnight or early in the session to the Euro below 1.28). I am keeping an eye … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Embraces Stand-Alone Model

Posted: 05 Jan 2012 11:05 AM PST

Leading North American energy firm Williams Companies Inc. (WMB) has closed the previously announced separation of its exploration and production business from its pipeline/infrastructure operations, thereby creating two independent corporations.
The Tulsa, Oklahoma-based parent company's former upstream unit has started trading on the New York Stock Exchange as a publicly traded entity WPX Energy Inc. (WPX). Williams completed the spin-off process on December 31 by distributing one share of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LONGBOW To Enhance Apache Lethality

Posted: 05 Jan 2012 10:50 AM PST

Defense operators Lockheed Martin Corporation (NYSE:LMT) and Northrop Grumman Corporation's (NYSE:NOC) joint venture company, LONGBOW Limited Liability Company received a contract from the U.S. Army to enhance the Lethality of the Apache helicopter.
The $181 million contract will include the first international purchase of 15 Block III LONGBOW Fire Control Radar (FCR) systems by Taiwan. LONGBOW will also deliver 18 Radar Electronic Units (REU), 14 Unmanned Aerial System Tactical Common Data Link … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newfield Signs Supply Deal

Posted: 05 Jan 2012 10:35 AM PST

Newfield Exploration Company (NYSE:NFX) entered into an agreement with HollyFrontier Corporation (HFC) for the supply of crude oil at the latter's refinery in Woods Cross, Utah. However, the financial terms of the transaction were not disclosed.
Per the deal, Newfield will deliver 20,000 barrels of crude oil every day at the facility for a period of 10 years, beginning in 2014. This happens to be the second deal signed by Newfield to capture about 40,000 barrels of oil for its projected oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “US Equity Markets…will Overrun EU Headlines”

Posted: 05 Jan 2012 10:30 AM PST

01/05/11 Sunrise Securities’ Ben Willis discusses the latest US jobs data and ongoing developments in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Down On U.S. Supply Gain

Posted: 05 Jan 2012 10:22 AM PST

Forexpros – bsp;- Crude oil futures traded lower on Thursday on climbing U.S. supplies despite Iranian supply disruption worries.

On the New York Mercantile Exchange, light sweet crude futures for February settlement traded at USD103.06 a barrel during mid U.S. trade giving back 0.16%.

It earlier hit a daily high of USD103.73 and a low of USD101.95 a barrel.

Strength in the U.S. dollar helped depress oil prices.

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

Forex – EUR/USD Hits Fifteen Month Low On Bank Concerns

Posted: 05 Jan 2012 09:52 AM PST

Forexpros – The euro hit 15 month lows against the dollar Thursday, on a strong U.S. labor report and euro zone bank capital concerns.

EUR/USD hit a low of 1.2777 during U.S. trade. The pair is off a high of 1.2947 and is currently trading at 1.2935 up 0.90%.

The pair was likely to find support at 1.2777 and technical resistance exists at 1.2948.

The single currency bearishness was exasperated after France’s borrowing costs climbed at a bond sale and credit rating agencies threatened to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Hits 16-month Low Vs. Dollar

Posted: 05 Jan 2012 04:00 AM PST

01/05/11 Heightened concerns over the eurozone and its ability to raise funding has assisted in pushing the euro to a 16-month lower against the dollar and an 11-year low against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tarsus Set To Deliver Record Figures As Emerging Markets Focus Pays Off

Posted: 05 Jan 2012 04:35 AM PST

International business-to-business media group Tarsus (LON:TRS) produced record revenues and profitability in 2011 and is expecting to build on its momentum in Middle and Far Eastern markets this year. The news follows an active 12 months for Tarsus, which is eager to grow its position in emerging markets and has enjoyed strong performances across its portfolio of events.

Those performances helped to drive like-for-like organic revenues, at constant exchange rates, up by approximately 8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Friday, January 6, 2012

Posted: 05 Jan 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, January 6, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.36
− 0.95
9.28
8.70

Bullish

AXP – American Express Company
48.80
+ 1.16
48.36
47.39

Bullish

BA – Boeing Co
73.53
− 1.08
74.00
73.66

Bearish

BAC – Bank of America Corporation
6.31
+ 8.61
5.90
5.47

Bullish

CAT – Caterpillar Inc
95.52
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, January 6, 2012

Posted: 05 Jan 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, January 6, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0262
− 1.06
1.0323
1.0174

Neutral

EURUSD – Euro / US Dollar
1.2789
− 1.21
1.2942
1.2961

Bearish

GBPUSD – British Pound / US Dollar
1.5492
− 0.82
1.5585
1.5528

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0195
+ 0.68
1.0145
1.0199

Neutral

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

The Trend Trader For ETF Trading On Friday, January 6, 2012

Posted: 05 Jan 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, January 6, 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
+ 0.14
109.98
110.19

Neutral

BND – Vanguard Total Bond Market ETF
83.29
− 0.04
83.30
83.36

Bearish

DBC – DB Commodity Index Tracking Fd
27.47
− 1.36
27.63
26.89

Neutral

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 Friday, January 6, 2012

Posted: 05 Jan 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, January 6, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1273.00
0.00
1271.50
1253.33

Bullish

Dow Jones – Mar YMH2
12331
− 0.20
12333
12159

Neutral

Nasdaq – Mar NQH2
2339.50
+ 0.46
2323.25
2274.92

Bullish

Russell – Mar TFH2
746.00
+ 0.01
747.12
740.40

Neutral

INTEREST RATES

US T-Bond – Mar ZBH2
142-09
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Burgers Or Barrels–What’s Your Power Play?

Posted: 04 Jan 2012 10:00 PM PST

In a recent blog post, the Wall Street Journal asked its MarketBeat readers if a share of McDonald's stock or a barrel of oil made a better $100 investment. The share price of the fast-food restaurant topped $100 for the first time ever in late December and rose 30 percent over 2011, substantially beating the overall market. Crude oil prices had less sizzle, only moderately increasing over the year.
The three-year picture is a little different, with crude oil more than tripling since its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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