Thursday, March 8, 2012

DailyMarkets.com - Brazil Central Bank Drops Rate 75bps To 9.75%

DailyMarkets.com - Brazil Central Bank Drops Rate 75bps To 9.75%

Brazil Central Bank Drops Rate 75bps To 9.75%

Posted: 07 Mar 2012 11:33 PM PST

The Banco Central Do Brasil slashed the Selic interest rate by a greater than expected 75 basis points to 9.75% from 10.50% previously.  In its statement, Brazil’s Central Bank Monetary Policy Committee (Copom) said [translated]: “Continuing the process of adjusting monetary conditions, the Committee decided to reduce the Selic rate to 9.75% pa, without bias, by five votes to two votes for the reduction of the Selic rate by 0.5 pp.”

 Brazil’s central bank previously cut … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RBNZ Keeps OCR On Hold At 2.50%

Posted: 07 Mar 2012 11:22 PM PST

The Reserve Bank of New Zealand maintained the Official Cash Rate (OCR) steady at 2.50%, noting the impact of global developments.  The Bank Said: ”While helping contain inflation, the high value of the New Zealand dollar is detrimental to the tradable sector, undermines GDP growth and inhibits rebalancing in the New Zealand economy. Sustained strength in the New Zealand dollar would reduce the need for future increases in the OCR. Given the medium-term outlook for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: The Kroger Company (KR)

Posted: 07 Mar 2012 11:00 PM PST

We upgraded our recommendation on The Kroger Company (NYSE:KR) to Outperform following the company’s fourth-quarter 2011 results. The quarterly earnings of $0.50 per share beat the Zacks Consensus Estimate by a penny, and rose 8.7% from the prior-year quarter. Total revenue climbed 7.7% during the quarter. Kroger now expects fiscal 2012 earnings between $2.28 and $2.38 per share and forecasts identical supermarket sales (sans fuel) growth of 3% to 3.5%.
We believe that a dominant position among … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Loews Corporation (L)

Posted: 07 Mar 2012 11:00 PM PST

We are downgrading Loews Corporation (NYSE:L) to Underperform from Neutral on the back of weak fourth quarter results. Operating earnings in the fourth quarter lagged the Zacks Consensus Estimate owing to lower investment income from limited partnership, increase in insurance reserves for its payout annuity business, lower earnings at Diamond Offshore and weak performance of equity investments.
Results at HighMount remained soft due to lower sales volume stemming from lower drilling activity and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Voxx

Posted: 07 Mar 2012 11:00 PM PST

Voxx (VOXX) has seen limited analyst coverage in the past, but a recent strong beat has helped make the stock a Zacks #1 Rank (Strong Buy).
Company Description
VOXX International Corporation is engaged in marketing automobile sound, vehicle security, mobile video systems, and consumer electronics products. The Company markets its products under the RCA, Acoustic Research and TERK brands. VOXX International Corporation, formerly known as Audiovox Corporation, is headquartered in Hauppauge, New … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Tim Hortons Inc.

Posted: 07 Mar 2012 11:00 PM PST

Tim Hortons Inc. (NYSE:THI) announced a lot of good news for investors on February 23. It (1) reported better than expected fourth quarter results, (2) announced a $200 million stock buyback, and (3) increased its dividend by 24%.
This prompted analysts to revise their estimates higher for both 2012 and 2013. It is a Zacks #2 Rank (Buy) stock.
Company Description
Tim Hortons is a quick-service restaurant company with 4,014 locations, including 3,295 in Canada, 714 in the United States and 5 in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Apple Inc.

Posted: 07 Mar 2012 11:00 PM PST

Apple Inc (AAPL)
When Apple hit the Zacks Rank 1 buy list, I couldn't wait for the opportunity (pullback) to bring it to all you momentum readers.
While you may think you know everything about Apple, there are some nuances about the product cycle and the expectations for the company that make it unique.  It's a company that everyone says is cheap, but it never seems to get too lofty in its valuation. 
In the past week alone the company was sued by Samsung,  got a new price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Off 100 Week MAVG

Posted: 07 Mar 2012 08:17 PM PST

The record Current Account deficit weakened the Yen, however the USDJPY pair has not been able to break through the 100 week moving average. A break above the indicator/38.2%/trendline resistance could put 2009 USDJPY levels into play into the new fiscal year in Japan (3/31 year end in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Bouncing Off The Top Of This Channel.

Posted: 07 Mar 2012 08:17 PM PST

usd/sgd bouncing off the top of this channel for the second time which might signal that the pair will start to test the bottom of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

N. Dakota Sets New Oil Record In January, May Have Passed California To Become No. 3 Oil State

Posted: 07 Mar 2012 06:50 PM PST

The “Economic Miracle State” of North Dakota pumped another record amount of oil during the month of January at a daily rate of more than 546,000 barrels, which was an increase of 2% and 11,000 barrels per day compared to January, and was 59% above the output level from a year earlier. It's likely that the new record moved the Peace Garden state ahead of California to become the nation's No. 3 oil-producing state in January, behind only Texas and Alaska. Recent estimates put California's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Not So Encouraging

Posted: 07 Mar 2012 06:26 PM PST

According to the conventional wisdom, data released this morning should be taken as an encouraging sign for the labor market.
“US Worker Productivity Growth Slowed in Q4, Which Could Signal More Hiring in Coming Months” (Associated Press)
U.S. companies will have to keep hiring steadily to meet their customers' rising demand. That's the message that emerged Wednesday from a report that employers are finding it harder to squeeze more output from their existing staff.
Worker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Hong Kong Haunted Houses

Posted: 07 Mar 2012 06:02 PM PST

HONG KONG: “It may not be everyone's idea of a dream home, but for bargain hunters in Hong Kong's turbocharged property market apartments that belonged to the recently deceased are proving irresistible – and the more gruesome the occupant's demise the better.

Haunted houses may be sold for 40 percent below market price depending on what has happened there and how recently it took place.

Home prices have leapt more than 70 percent since 2009, while banks have increased mortgage rates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Energy Bull Still Lives

Posted: 06 Mar 2012 12:50 AM PST

Ambrose Evans-Pritchard recently wrote an article entitled Plateau Oil meets 125m Chinese cars, in which he discusses why oil prices haven’t fallen despite the anemic nature of global economic growth [emphasis added]:
What is deeply troubling is that Brent crude should have reached fresh records in sterling (£79) and euros (€94) – with a knock-on effect on US petrol prices, mostly tracking Brent – even though the International Monetary Fund has sharply downgraded its world growth forecast to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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