Monday, February 13, 2012

DailyMarkets.com - Forex Trading: EURUSD Hit Trendline/23.6% From Lows

DailyMarkets.com - Forex Trading: EURUSD Hit Trendline/23.6% From Lows

Forex Trading: EURUSD Hit Trendline/23.6% From Lows

Posted: 13 Feb 2012 04:22 PM PST

Forex Trading: USDSGD Finding Some Support

Posted: 13 Feb 2012 04:22 PM PST

The USDSGD pair had found some support above the October lows and could fill in the gap back toward the 100day/61.8% levels and possibly retest resistance around the 1.30 handle if the risk-on allocation that has begun 2012 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harris Still In Neutral Zone

Posted: 13 Feb 2012 03:30 PM PST

Harris Corp. (NYSE:HRS) reported mixed financial results for the second quarter of fiscal 2012. We believe the company is facing several near-term concerns as the contraction of the U.S. and international defense expenditures may act as a major threat to Harris.
Though management remains confident that its consolidated pipeline opportunity is still intact, we are not sure exactly when these contracts are going to be realized, given the ongoing political instability in Asian and African regions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Watch The Yields

Posted: 13 Feb 2012 03:19 PM PST

Cusick’s Corner 02-13-2012
This is a time when we want to keep an eye on Bonds, IEF/TLT, this may be a potential “tell” on the next move in the market. In other words, if the equities are going to continue to the upside that’s now at July highs, then yields on the long end of the bonds, 10 yr at 1.99%, need to break to the upside. If there is a break to the upside on the yields and the correlation of yields and equities continues, then equities will have some fuel — the cash coming out of from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dover Set To Acquire Maag Group

Posted: 13 Feb 2012 03:15 PM PST

Recently, Dover Corporation (NYSE:DOV) announced its decision to acquire the Maag Group, the global leader in external gear pump technology and engineered solutions. The value of the transaction is undisclosed as yet.
Maag Group will be incorporated in the Downers Grove of Pump Solutions Group (PSG) within the Fluid Solutions platform of Engineered Solution segment of Dover. Management expects this acquisition will help the company elevate the fluid position by increasing Pump Solution Group's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Economics Of Valentine’s Day

Posted: 13 Feb 2012 03:01 PM PST

Featuring George Mason economist Chris … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Geeky Valentine’s Gifts

Posted: 13 Feb 2012 02:58 PM PST

Including heart-shaped mittens for two pictured above, more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apache Ups Dividend Payout

Posted: 13 Feb 2012 02:55 PM PST

U.S. energy firm Apache Corporation (NYSE:APA) raised its quarterly cash dividend to 17 cents per share (68 cents per share annualized), representing an increase of approximately 13% over the previous payout. The new dividend is payable on May 22, to shareholders of record as of April 23, 2012.
Apache, which is scheduled to report fourth quarter and year-end 2011 results on February 16, has bolstered its long-term earnings and cash flow visibility on the back of the company's strong volumes that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Wheeler Wins Mexican Contract

Posted: 13 Feb 2012 02:50 PM PST

Foster Wheeler AG's (NASDAQ:FWLT) Foster Wheeler Upstream business, part of its Global Engineering and Construction Group, received a contract from the Discovery Gas Transmission, LLC for its Discovery System at South Timbalier 283, in the Gulf of Mexico. The contract involves provision for design, engineering and technical services for a junction platform, facilities and associated pipelines within the Discovery System.
The contract value has not been disclosed. Foster Wheeler's fourth-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tuesday’s Stocks To Watch

Posted: 13 Feb 2012 02:44 PM PST

( click to enlarge )

Good evening everyone !!! Let's take a look at the chart of the Apple Inc. (NASDAQ:AAPL) once again. The stock remains one of the hottest stocks on the market with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. This suggest that this run-up is well supported by the buyers. AAPL’s has been in a nice uptrend for the last two months and it looks very strong with both 50-day and 200-day moving average going up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Files ANDA For Beyaz Generic

Posted: 13 Feb 2012 02:30 PM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) recently confirmed that it has filed an abbreviated new drug application (ANDA) with the US Food and Drug Administration (FDA) to market the generic version of Bayer's (BAYRY) oral contraceptive, Beyaz.
Beyaz is indicated for the prevention of pregnancy, treatment of symptoms of premenstrual dysphoric disorder (PMDD) for women who choose to use an oral contraceptive for contraception, treatment of moderate acne for women aged 14 years and above (only if … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCB To Use Nodality Technology

Posted: 13 Feb 2012 02:20 PM PST

UCB (UCBJF) along with Nodality Inc. agreed for a strategic collaboration under which they will utilize Nodality's proprietary Single Cell Network Profiling (SCNP) technology to develop several of UCB's compounds. The multi-year agreement will initially be focused on immunology disorders.
Further, on the basis of information generated using Nodality's technology, the agreement will give UCB the option to engage Nodality in developing companion diagnostics for UCB's compounds.
Under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Finally Pulls Off Support.

Posted: 13 Feb 2012 02:18 PM PST

usd/sgd finally pulls off support of the recently off the Oct-2011 lows after testing it again for a second time in Feb-2012. This Support give a bullish signal and might start testing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DuPont To Sell Car Paints Biz

Posted: 13 Feb 2012 02:10 PM PST

According to industrial sources, chemical giant E. I. Du Pont de Nemours and Company (NYSE:DD) has launched the sale process of its car paints business, which could bring in more than $4 billion.
The sources further reported that the sale will pull the interests of the private equity players. The private parties believe that they can cut costs easily so that the unit can reap more profits. Other chemical companies may also be interested in the sale, as per the reports.
DuPont’s adviser on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Lowers CME Group’s ICR

Posted: 13 Feb 2012 02:04 PM PST

Last week, ratings agency Standard & Poor's Ratings Services (S&P) downgraded the long-term issuer credit rating (ICR) of CME Group Inc. (NASDAQ:CME) to "AA-" from "AA". Additionally, S&P gave a "Negative" outlook to the rating, thereby indicating the possibility of a further downgrade in the near future.
The move came on the back of S&P's concern over the $100 million fund announced by CME to protect the interest of farmers and ranchers affected by the crash of MF … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Video Game Sales Plummet In January

Posted: 13 Feb 2012 01:50 PM PST

January 2012 video game industry sales figures revealed that it has not yet recovered from the 2011 slump. While late December economic data was mostly upbeat, consumer confidence data failed to excite. January was no better, with sales figures remaining weak.
According to market research firm The NPD Group, US sales for January 2012 plummeted 34% to $750.6 million from the comparable prior-year period, mostly on account of tough comparisons with the year-ago when there were a number of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Storage Surplus Widens

Posted: 13 Feb 2012 01:50 PM PST

The U.S. Energy Department’s weekly inventory release showed a lower-than-expected drop in natural gas supplies, as warmer-than-normal temperatures across the country have restricted the commodity's requirement for power burn. In fact, gas stocks – currently 33% above benchmark levels – are at their highest point for this time of the year, reflecting low demand amid robust onshore output.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mechel’s Mine Work Suspended

Posted: 13 Feb 2012 01:50 PM PST

Russian mining company, Mechel OAO (NYSE:MTL) suffered a setback due to suspension of work at several facilities at the New- Olzherassk mine resulting from the order from the Mezhdurechensk city court.
However, production at the mine is expected to resume shortly without causing any damage to the operational obligations.
Earlier in December 2011, Mechel reported suspension of work at several facilities at two of Southern Kuzbass Coal Company's mines. Following a check conducted at Lenin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MET To Sell Warehouse Finance Unit

Posted: 13 Feb 2012 01:40 PM PST

Last week, MetLife Inc. (NYSE:MET) agreed to vend its Warehouse Finance business to the financial firm EverBank Financial Corp. While the terms and conditions of the agreement remain undisclosed, the deal is expected to culminate by the first half of this year.
Both the parties have received all the regulatory approvals. Meanwhile, MetLife appointed K&L Gates LLP and Deutsche Bank Securities Inc. of Deutsche Bank AG (NYSE:DB) as its advisors. Besides, EverBank took the advice from law firms of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Washington Clown Show

Posted: 13 Feb 2012 01:39 PM PST

Based on the President’s public pronouncements, things look to be getting better by the day:
“We’ve got an economy that is showing some positive signs. We’ve seen many consecutive months of private sector job growth.” (12/23/11)
“We're moving in the right direction. We have made real progress. Now is not the time to stop.” (1/6/12)
“The economy is growing stronger.  The recovery is speeding up.” (2/3/12)
“We are seeing signs that our economy is on the mend.” (2/13/12)
But is that what … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Venezuela Takes On Pepsi

Posted: 13 Feb 2012 01:30 PM PST

In an effort to look into complains of abnormal price rise, the Venezuelan government has pulled up beverage giant Pepsi Inc.'s (NYSE:PEP) local arm Pepsi-Cola Venezuela.
Pepsi Cola Venezuela, which is a joint venture between Pepsi and the country's largest foodmaker, Empresas Polar, has been accused of hiking bottled mineral water prices, selling water at a price which was higher than the ceiling provided by the government of Venezuela.
Government has send an order by e-mail to the company, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Subpoenaed For CLOs Inquiry

Posted: 13 Feb 2012 01:26 PM PST

Massachusetts state regulators are investigating whether Bank of America Corporation (NYSE:BAC) has knowingly inflated the value of assets in two loan portfolios that BofA sold to the investors in the form of collateralized loan obligations (CLOs). These loan portfolios led to nearly $150 million of losses to the investors.
On Friday, Massachusetts Secretary of State William Galvin issued a subpoena to the unit of BofA, Bank of America Securities LLC for documents related to two CLOs – LCM VII … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Below Hourly Trendline/200hr

Posted: 13 Feb 2012 01:22 PM PST

Forex Trading: Usd/hkd Continue To Stay Above This Downward Wedge.

Posted: 13 Feb 2012 01:22 PM PST

usd/hkd continue to stay above this downward wedge, now showing that the top of the wedge is the new resistance for this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture, IRS In 10-Year Pact

Posted: 13 Feb 2012 01:16 PM PST

Globally accredited management and technology consulting company Accenture plc (NYSE:ACN) will now provide information technology (IT) services to the Internal Revenue Service (IRS). Financial terms of the 10-year contract were kept confidential.
Per the agreement, Accenture will bring three of IRS' web portals under one umbrella. The company will combine the consumer-facing website, IRS.gov (designed by Accenture and one of the most popular website for the tax payers), the registered-user … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UPS Hikes 2012 Dividend

Posted: 13 Feb 2012 01:16 PM PST

United Parcel Services (NYSE:UPS) boosted its quarterly dividend by 9.6% to 57 cents per share from 52 cents paid last year. On an annualized basis, UPS’ dividend equates to $2.28 per share compared with $2.08 a year earlier.
The increased dividend is payable March 7 to shareholders of record on February 21. This rise marks a three-fold increase from the introductory dividend of 17 cents per share paid in 2000 and a two-fold hike from the annual dividend paid in 2004.
The move comes two weeks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economic Data In Focus As Market Rally Looks To Continue

Posted: 13 Feb 2012 01:00 PM PST

02/13/12 Markets will look to extend the rally this upcoming session as focus turns from Greece austerity approvals and Apple to economic data which is all expected to show some signs of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walgreen To Revamp Online Offering

Posted: 13 Feb 2012 12:55 PM PST

Retail pharmacy giant Walgreen (NYSE:WAG) recently stepped forward in online sales expansion with the redecoration of the online version of its Sunday staple, Walgreens advertising circular, especially for its growing online customers. The strategic move on the company's part is expected to enhance its online sales.
This Sunday edition, which has a readership of more than 50 million people across the US, will contain several digital offering of hundreds of additional items that can be accessed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moody Ratings Pull Down PartnerRe

Posted: 13 Feb 2012 12:50 PM PST

Last week, PartnerRe Ltd.  (NYSE:PRE) witnessed a rating downgrade on its senior debt from ratings agency– Moody's Investor Service of Moody's Corp. (NYSE:MCO) –based on the severe catastrophe (CAT) losses incurred by the company that resulted into a net loss in 2011.
Accordingly, Moody's demoted PartnerRe's senior debt to "A3" from "A2", subordinated debt to "Baa1" from "A3" and preferred stock to "Baa2" from "Baa1". Additionally, the ratings agency relegated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Label Update For Merck’s Victrelis

Posted: 13 Feb 2012 12:40 PM PST

Merck's (NYSE:MRK) hepatitis C virus (HCV) treatment, Victrelis (boceprevir) will soon get a new safety update in its label. Merck recently issued a "Dear Doctor" letter informing healthcare professionals about drug interactions between Victrelis and certain ritonavir-boosted HIV protease inhibitors (atazanavir, lopinavir, darunavir).
Merck presented results from a pharmacokinetic study which evaluated drug interactions between Victrelis and ritonavir-boosted HIV protease inhibitors in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UNH Acquires XL Health; Ups Outlook

Posted: 13 Feb 2012 12:20 PM PST

UnitedHealthcare, a division of UnitedHealth Group (NYSE:UNH), announced the completion of the acquisition of privately-held XLHealth Corp, a sponsor of Medicare Advantage health plans for recipients with special needs. The deal was announced in November 2011 and closed well ahead of schedule. UnitedHealth managed to inch ahead in the face of stiff competition from its peers, Aetna Inc. (AET) and WellPoint Inc. (WLP).
XL served 113,000 Medicare Advantage ("MA") members in Arkansas, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Old Saying “Buy Rumor, Sell News”?

Posted: 13 Feb 2012 12:18 PM PST

Cusick’s Corner
This is a headline minefield today — Greece and China continue to dominate the airwaves. The S&Ps are challenging 1350 and Crude is breaking 100 with very little or no real catalyst. I do not fight a rising tide and recognize that there is still little that has changed since the grind higher started, so I will continue to monitor the reports out of the EU and would be scaling into ideas. This could be a “buy the rumor, sell the news set up” way to play this market. I would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Heads Toward That 200 Hour Target…

Posted: 13 Feb 2012 12:18 PM PST

Valentine’s Day For Economists, With Graphs

Posted: 13 Feb 2012 12:06 PM PST

There’s more here at “14 Ways An Economist Says I Love You” with graphs and diagrams.

HT: Mike … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardinal Unveils Procedure Tray

Posted: 13 Feb 2012 12:05 PM PST

Cardinal Health (NYSE:CAH) recently revealed the commercialization of its range of standard diagnostic procedure trays, which are meant to enhance efficiencies and cut down wastage in biopsy, acute drainage and basic diagnostic procedures.
The company stated that it has created its line of diagnostic procedure trays to contain the supplies that medical practitioners require for diagnostic procedures. Its trays will ensure availability of the correct product, for the correct procedure, at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Investors Ever Take Advantage Of The IPO Effect?

Posted: 13 Feb 2012 06:51 AM PST

The flow of new companies prepared to trade their shares on the stock market and raise money from investors – known as an Initial Public Offering, or IPO – is widely viewed as a bellwether of market confidence. With every new company, investors have to weigh the upside opportunity against the risk of the unknown. They also have to take account of the intriguing patterns in the way shares in newly-listed companies typically perform, which is essential knowledge in any investor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Benjamin Graham’s Last Will: 10 Useful Rules For Stock Selection

Posted: 13 Feb 2012 05:25 AM PST

We’ve discussed in the past some of the more familiar value/bargain screening criteria that can be derived from Benjamin Graham’s earlier work, e.g the NCAV and Enterprising Investor Screens. 
What may be less known to you, though, is some quantitative work that Graham did towards just before his death (known as his quot;Last Willquot;) with the help of a aeronautical engineeer James Rea, where he first identified the 10 best-performing stock selection criteria and then apparently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, February 14, 2012

Posted: 13 Feb 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, February 14, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.33
+ 0.39
10.44
10.48

Bearish

AXP – American Express Company
52.07
+ 0.50
52.05
51.93

Bullish

BA – Boeing Co
74.85
− 0.13
75.30
75.16

Bearish

BAC – Bank of America Corporation
8.25
+ 2.23
8.17
8.06

Bullish

CAT – Caterpillar Inc
113.70
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, February 14, 2012

Posted: 13 Feb 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, February 14, 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
110.45
+ 0.04
110.39
110.41

Bullish

BND – Vanguard Total Bond Market ETF
83.69
0.00
83.67
83.70

Neutral

DBC – DB Commodity Index Tracking Fd
28.52
+ 0.25
28.56
28.50

Neutral

DIA – SPDR DJ Industrial Average ETF
128.59
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, February 14, 2012

Posted: 13 Feb 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, February 14, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0731
+ 0.54
1.0737
1.0719

Neutral

EURUSD – Euro / US Dollar
1.3186
− 0.12
1.3236
1.3183

Neutral

GBPUSD – British Pound / US Dollar
1.5765
+ 0.03
1.5798
1.5806

Bearish

USDCAD – US Dollar / Canadian Dollar
0.9996
− 0.15
0.9981
0.9991

Bullish

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

The Trend Trader For Futures Trading On Tuesday, February 14, 2012

Posted: 13 Feb 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, February 14, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1349.00
+ 0.63
1345.36
1341.17

Bullish

Dow Jones – Mar YMH2
12835
+ 0.53
12814
12788

Bullish

Nasdaq – Mar NQH2
2567.75
+ 0.76
2555.22
2541.33

Bullish

Russell – Mar TFH2
822.80
+ 1.16
820.21
818.53

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
142-12
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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