Monday, January 16, 2012

DailyMarkets.com - Target’s Road Map Ahead

DailyMarkets.com - Target’s Road Map Ahead

Target’s Road Map Ahead

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.
Using the arsenals of early-hours store openings, huge discounts, promotional activities and free shipping on online purchases, some of the retail companies were able to lure the cautious customers during the holiday season. But all were not fortune enough in getting the best of rewards from their strategic cards.
Target Corporation (NYSE:TGT), the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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).
The recent launch of the industry's first 64-Bit ARM processor has indeed kindled a revolutionary upsurge with its new X-Gene Server On a Chip platform. This product also has the potential to offset the negatives of poorly performing segments of the company, thereby elevating it to sky-high pedestals with total available market (TAM) generation capacity of up to $6 billion.
Optical transport network (OTN) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The EURCAD has been on a trend move since November – falling from 1.4072 to the current low around 1.2890.  The next target for the pair would be the low from the same January 12th, 2011 date at 1.2772. Below that, the next longer term target comes in at the the low for 2010 at 1.2448.
For the USDCAD, the action has been less trend-like. The US data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ocwen Upgraded To Outperform

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.
We believe that Ocwen's principal reduction programs are expected to significantly contribute to its loan modification ability. However, until capital and debt markets stabilize, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

NII Holdings To Underperform

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

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

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.
In October, Legg Mason reported fiscal second-quarter 2012 earnings of 61 cents per share significantly outpacing the Zacks Consensus Estimate of 38 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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

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.
Microsoft has decided to install Snapdragon S4 processor in its Windows 8-based devices as it will reduce battery consumption while using 3G/LTE networks. Moreover, this new processor will also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

[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

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

Coal Worries Railroads Again

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.
The ensuing negative market reaction resulted in declines in share prices on Friday. Major players like CSX Corporation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Maersk has quoted a day rate of about $157,500, without the inclusion of any mobilization fee while drilling of two wells is anticipated to take approximately 165 days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Management commented that the remote nature of the location along with its proximity to the Mass Pike is in sync to the upcoming property's psyche. Management was in search of rural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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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