DailyMarkets.com - Target’s Road Map Ahead
DailyMarkets.com - Target’s Road Map Ahead |
- Target’s Road Map Ahead
- AMCC’s Neutral Rating Retained
- Forex Trading: EURCAD Moves To Lowest Level Since January 2011
- Ocwen Upgraded To Outperform
- UK Central Bank Sees Rise In Credit Card Limits
- NII Holdings To Underperform
- Euro Stocks Higher On French Auction; DAX Up 1.25%
- Legg Mason Stays On The Sidelines
- Forex Trading: EURUSD Takes A Run Higher. Moves Above The 1.2682 Close From Friday
- Forex Trading: GBPUSD Tries To Break To 100 Hour MA But Falls Short
- Qualcomm Enhances Snapdragon Usage
- [Review] Clarity Of Central Bank Communication About Inflation
- Earnings Season Starts Out Ugly
- Coal Worries Railroads Again
- Conoco Hires Rig For N Sea Drilling
- MGM Reveals Plan For Massachusetts
- Natural Gas Futures Plunge Nearly 5% In Holiday-thinned Trade
- Forex – Dollar Higher Vs. Rivals In Risk-off Trade
| Posted: 16 Jan 2012 10:20 AM PST The U.S. economy is going through a rough patch, and at such times it is a tough task for the retailers to convince the shoppers to pay big bills.
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| AMCC’s Neutral Rating Retained Posted: 16 Jan 2012 10:20 AM PST We reiterate our Neutral recommendation on Applied Micro Circuits Corporation (NASDAQ:AMCC).
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| Forex Trading: EURCAD Moves To Lowest Level Since January 2011 Posted: 16 Jan 2012 10:18 AM PST EURCAD has moved to new lows since January 12th, 2011. The USDCAD on the daily chart is meanwhile testing the 100 day MA.
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| Posted: 16 Jan 2012 10:05 AM PST We have upgraded our long term recommendation on Ocwen Financial Corporation (NYSE:OCN) to "Outperform" from "Neutral". The main reasons behind this raise are the company's stable liquidity position and expected synergies from the recent servicing portfolio acquisitions that would support its financials.
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| UK Central Bank Sees Rise In Credit Card Limits Posted: 16 Jan 2012 09:56 AM PST Credit card limits rose in the final three months of 2011, according to the latest Credit Conditions Survey from the Bank of England, the UK’s central bank. This wasn’t the only increase to appear in this Survey, which also pointed to the growth in the availability to households of unsecured credit in the final quarter of the year – growth which we can expect to see (a little) more of between now and March. The first quarter of 2012 should also see a slight increase in demand for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Jan 2012 09:50 AM PST We downgrade our recommendation on NII Holdings Inc. (NASDAQ:NIHD) to Underperform backed by our assessment that the company's nightmare will continue in the near future. NII Holdings reported dismal financial results for the third quarter of 2011. Both the top line and bottom line were well below the Zacks Consensus Estimates.In synergy with the somber results, management slashed its fiscal 2011 financial outlook mainly driven by volatile macro-economic condition coupled with significant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Stocks Higher On French Auction; DAX Up 1.25% Posted: 16 Jan 2012 09:39 AM PST Forexpros – bsp;Forexpros – European shares closed higher Monday as a French debt auction lowered borrowing cost despite a Standard & Poor’s credit rating cut. After the close of European trade, the EURO STOXX gained 1.01%, France’s CAC 40 climbed 0.89%, while Germany’s DAX closed up 1.25%. Meanwhile, in the U.K. the FTSE 100 added 0.37%. Standard & Poor’s downgraded France to AA+ from AAA with a negative outlook on Friday. The rating agency also slashed Cyprus, Portugal, Italy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Legg Mason Stays On The Sidelines Posted: 16 Jan 2012 09:35 AM PST We maintain our Neutral recommendation on Legg Mason Inc. (NYSE:LM) based on its strong cash position as of the first half of fiscal year 2012 and also better than expected fiscal second-quarter 2012 results. However, asset outflows remain a concern with $17.6 billion in aggregate net client outflows and dispositions of $0.2 billion in the quarter.
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| Forex Trading: EURUSD Takes A Run Higher. Moves Above The 1.2682 Close From Friday Posted: 16 Jan 2012 09:22 AM PST The EURUSD has moved above the 1.2682 level and activity has picked up a bit as London gets ready to leave NY alone for the rest of the trading day. If the bias to the upside is going to continue, the 1.2698 becomes the next close target to get through followed by the 38.2% of the move down from the high on Friday. A failure and it could start the rotation back lower, with the focus on breaking the 1.2661 level for good this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Tries To Break To 100 Hour MA But Falls Short Posted: 16 Jan 2012 09:22 AM PST The GBPUSD broke above it's days highs and extended the trading range. However, it seems the price has found resistantance against the 100 hour MA at the 1.5359 level – reaching a high of only 1.5351. The failure to extend must certainly be a disappointment for the buyers looking for more. But with a NY range of about 25 pips before the extension, anything is better than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Qualcomm Enhances Snapdragon Usage Posted: 16 Jan 2012 09:20 AM PST Qualcomm Inc (NASDAQ:QCOM) recently unveiled its Snapdragon S4 processor for tablet devices powered by Microsoft Corporation's (NASDAQ:MSFT) latest Windows 8 operating system. The Windows-based tablet also features AT&T's (NYSE:T) lightening fast 4G network based on Long Term Evolution (LTE) technology.
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| [Review] Clarity Of Central Bank Communication About Inflation Posted: 16 Jan 2012 09:07 AM PST The International Monetary Fund (IMF) has just released a working paper on central bank communication on inflation, which examines whether the clarity of central bank communications have changed with the economic environment. The key finding of the paper is that there are “no strong indications that central banks were less clear in explaining their policies when faced with higher uncertainty or a less favorable inflation outlook.” However, the authors note that the global financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Earnings Season Starts Out Ugly Posted: 16 Jan 2012 09:05 AM PST The Earnings Picture Third quarter earnings season was a good one, but unfortunately we may not be able to say the same about the fourth quarter. While it is still way too early to draw any firm conclusions, only 29 firms of the S&P 500 (5.2%) have reported, the median surprise is 0.00% and the surprise ratio is just 1.40. Normally, when all is said and done, the median runs about 3% and the ratio about 3.0. While we don't have the drama of multi-billion dollar bank losses, this is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Jan 2012 09:05 AM PST The coal projection has once gain stirred up trouble for the railroads. After being hit by lower coal shipment by producers Alpha Natural Resources (NYSE:ANR) and Walter Energy (NYSE:WLT) in the second half of the fiscal 2011, rail stocks plunged on the news of another player in U.S. coal biz, Patriot Coal (NYSE:PCX) closing a few of its operation due to the softening of coal demand.
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| Conoco Hires Rig For N Sea Drilling Posted: 16 Jan 2012 08:50 AM PST Texas-based ConocoPhillips (NYSE:COP) has hired a jackup rig––Maersk Resolve––from Maersk Drilling for deployment in the UK North Sea by the end of 2012. ConocoPhillips has chartered the rig for a two-well job valued at around $26 million, implying that ConocoPhillips may have included some of its own options.
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| MGM Reveals Plan For Massachusetts Posted: 16 Jan 2012 08:35 AM PST MGM Resorts International (NYSE:MGM) recently inked a contract with Rolling Hills Estates Realty Trust to purchase a remote 150 acres of land in Brimfield, near the Massachusetts Turnpike. The Las Vegas, Nevada-based company plans to set up a world-class property in the name of Rolling Hills Resort on that site.
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| Natural Gas Futures Plunge Nearly 5% In Holiday-thinned Trade Posted: 16 Jan 2012 07:53 AM PST Forexpros – Natural gas prices added to sharp losses on Monday, plunging to yet another 28-month low as forecasts continued to point to above-average winter weather in the U.S., reducing the need for gas-fired heating demand. On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD2.542 per million British thermal units during U.S. morning trade, plummeting 4.78%. It earlier plunged by as much as 4.95% to trade at USD2.538 per million British thermal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Higher Vs. Rivals In Risk-off Trade Posted: 16 Jan 2012 07:51 AM PST Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Monday, as a weak debt auction in France added to concerns over the debt crisis in the euro zone after Friday's mass downgrade by Standard & Poor's. During U.S. morning trade, the dollar was fractionally higher against the euro, with EUR/USD dipping 0.06% to trade close to a 16-month trough at 1.2670. France sold EUR8.5 billion of short-term government debt earlier, just shy of the targeted amount … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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