Thursday, March 8, 2012

DailyMarkets.com - Forex Trading: Usd/inr Looking To Test The 50% Retrancement Level.

DailyMarkets.com - Forex Trading: Usd/inr Looking To Test The 50% Retrancement Level.

Forex Trading: Usd/inr Looking To Test The 50% Retrancement Level.

Posted: 08 Mar 2012 04:18 PM PST

usd/inr looking to test the 50% retrancement level after this recently rally to 50.70 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks Verismo: Grinch Of Green Mountain?

Posted: 08 Mar 2012 03:58 PM PST

03/08/12 Starbucks Coffee Company’s single-cup coffee brewer will be debuting just in time for the 2012 holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMD Goes Fabless

Posted: 08 Mar 2012 03:30 PM PST

In what may be considered a turnaround in its manufacturing strategy, Advanced Micro Devices (NYSE:AMD) has reworked its wafer supply agreement with GlobalFoundries to effectively do away with its roughly 9% stake in the foundry (valued at $278 million). Investors did not however view the news positively, most likely because of the resultant $703 million it will be taking as charges in the current quarter.
AMD's cash position will also be impacted through 2012, since it will be paying the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Vol Out In Front Of Unemployment

Posted: 08 Mar 2012 03:24 PM PST

Cusick’s Corner 03-08-2012
Disappointing domestic economic news was offset by hopes for Europe and stock market averages scored gains Thursday. Germany’s DAX and France’s CAC 40 Index both rose 2.5 percent, while the euro gained 1 percent on the dollar, on reports Greece managed to get high levels of participation at a key debt swap with creditors. Diminishing fears about the debt crisis seemed to overshadow the days other news, which included a soft February sales from Dow component McDonald’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobs Report In Spotlight

Posted: 08 Mar 2012 03:20 PM PST

03/08/12 The outcome of the Greece bond swap deal will be reflected in global equity markets. The US employment for February is scheduled for release at 8:30 am … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fiserv Enhances Payments Offering

Posted: 08 Mar 2012 03:15 PM PST

Fiserv, Inc. (NASDAQ:FISV) recently announced that the company plans to combine the Popmoney and ZashPay person-to-person (P2P) payment networks. The company intends to market the combined service as Popmoney.
As of a result of this combination, the network will connect 1,400 financial institutions thereby reaching 35 million consumers through their existing online and mobile banking relationships.
In 2010, Fiserv introduced ZashPay, a person-to-person payments service that enables … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On MannKind

Posted: 08 Mar 2012 03:08 PM PST

We are maintaining our Neutral stance on MannKind Corporation (NASDAQ:MNKD) with a target price of $2.50 following the fourth-quarter and full year 2011 results disclosed by the company.
Last month, MannKind released its fourth quarter and full year 2011 results. The Valencia, California-based biopharmaceutical company suffered a net loss of 30 cents per share in the fourth quarter, which was narrower than the year-ago loss of 33 cents per share. The narrower loss was attributable to lower research … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Opportunity At Magellan Midstream

Posted: 08 Mar 2012 03:00 PM PST

Units of Magellan Midstream Partners L.P. (NYSE:MMP) hit a 52-week high of $73.74 on Thursday, March 1. In fact, the oil pipeline and storage partnership has seen its unit price climb more than 20% since the beginning of October last year.
Despite this price appreciation, we remain optimistic on the firm's near-term prospects, supported by consistency in its earnings/cash flows, attractive fundamentals and a positive outlook. The turnaround in fuel prices amid recent optimism about economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POM & DC Water To Build A CHP Plant

Posted: 08 Mar 2012 02:50 PM PST

Pepco Holdings, Inc.'s (NYSE:POM) subsidiary Pepco Energy Services, Inc. and DC Water have entered into an agreement. As per the agreement, DC Water has been assigned the task of designing, building and operating a Combined Heat and Power ("CHP") plant at the Blue Plains Advanced Wastewater Treatment Plant ("AWTP"). AWTP is maintained by DC Water.
The Blue Plains facility collects used water from the region and recycles it. The digester installed at the plant converts the waste into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Friday, March 09

Posted: 08 Mar 2012 02:47 PM PST

 ( click to enlarge )

The Bon-Ton Stores, Inc.(NASDAQ:BONT) was the stock of the day for me. It opened at 6.95 and went as high as 8.59 at one point, and closed at 8.26, up 1.26, or 18%, on 2.19 million shares. That’s the second heaviest volume this year. We all know that the stock is way overbought in the short term with RSI number near 90 but the rising MACD and ADX signal additional upside. Today's high was $8.59, which is resistance for the follow through move on Friday. If the stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avon Products Still Neutral

Posted: 08 Mar 2012 02:35 PM PST

We maintain our long-term Neutral recommendation on the world’s largest direct seller of beauty and related products, Avon Products Inc. (NYSE:AVP).
Our recommendation on Avon is supported by the company's ongoing restructuring initiatives and expectations of robust results from its new distribution facility in Brazil, offset by wretched fourth-quarter performance, sluggishness in the North American market, expectations of poor margins and macroeconomic issues.
Avon is in the midst of a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abbott, Galapagos Team Up

Posted: 08 Mar 2012 02:25 PM PST

Abbott Laboratories (NYSE:ABT) recently signed a deal to expand its pharma portfolio. The company entered into a collaboration agreement with biotech company Galapagos for the development and commercialization of an oral, next-generation JAK1 inhibitor.
The Candidate
GLPG0634 is currently in phase II development for the treatment of rheumatoid arthritis (RA) and other autoimmune diseases.
Results from a 4-week phase IIa study showed that GLPG0634's efficacy was among the best seen in RA. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LSI Launches New Product

Posted: 08 Mar 2012 02:20 PM PST

LSI Corporation (NYSE:LSI) recently launched a new line of MegaRAID SATA+SAS controller cards. This new line is designed to deliver the high I/O transaction performance required to accelerate the most demanding database applications and datacenter workloads.
LSI offers a variety of direct-attach RAID solutions as part of its MegaRAID ® and 3ware ® product families. These solutions enable data storage using multiple drives and various data replication strategies to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Vornado Realty

Posted: 08 Mar 2012 02:04 PM PST

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported fiscal 2011 fourth quarter funds from operations (FFO) of $1.46 per share, which well surpassed the Zacks Consensus Estimate of $1.22. Funds from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent earnings announcement, as well as the subsequent analyst … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Lifted By Hopes For Greek Bond Swap

Posted: 08 Mar 2012 09:00 AM PST

03/08/12 Stocks market gains accelerated Thursday on growng beliefs that a deal to restructure Greece’s debt would succeed while unemployment benefit applications last week saw a small … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Office Depot Issues Debt

Posted: 08 Mar 2012 01:58 PM PST

Recently, Office Depot Inc. (NYSE:ODP) came up with a private offering of $250 million senior secured notes due 2019. The proceeds of the same will be used for the redemption of its outstanding 6.25% Senior Notes due 2013.
According to the company, the offering will be made to the qualified institutional buyers and will have the guarantee of Office Depot's existing and future domestic subsidiaries.
Last Tuesday, Moody’s Investors Service, a division of Moody's Corporation (NYSE:MCO), raised its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Revenues Decline At AMAG

Posted: 08 Mar 2012 01:51 PM PST

AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) posted fourth quarter 2011 loss of 87 cents per share, narrower than the Zacks Consensus Estimate of a loss of $1.11 and the year-ago loss of 94 cents per share. In 2011, loss came in at $3.64 per share, narrower than the Zacks Consensus Estimate of a loss of $3.87 and the year-ago loss of $3.90 per share.
Quarterly revenues declined 13.4% year-over-year to $14.9 million, but were in line with the Zacks Consensus Estimate. Full-year revenues also slipped 7.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bigger And Badder?

Posted: 08 Mar 2012 01:40 PM PST

As the chart shows, consumer sentiment has loosely tracked monthly gains in nonfarm payroll over the past four decades, with two exceptions: the last two years, and the period marked by the end of the 1980 recession and the beginning of the 1982 downturn.
While history never quite repeats itself, some might say that the disconnect between what some of the economic data has been telling us — assuming, of course, that it is accurate — and what many Americans have been saying about the health … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prologis Leases To Geodis

Posted: 08 Mar 2012 01:35 PM PST

Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently leased over 1 million square feet of its development portfolio in France to Geodis, a premier European logistics firm. The long-term lease agreements with one of its existing clients signify the inherent high quality of Prologis' distribution facilities that make them attractive investment proposition for logistics-based firms to enhance their supply chain efficiencies.
The company leased 749,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Downgraded To Neutral

Posted: 08 Mar 2012 01:21 PM PST

We are downgrading our recommendation on DaVita Inc. (NYSE:DVA) to Neutral based on an unfavorable shift in payor mix, headwinds from debt refinancing and ongoing concerns related tothe health care reform. However, the company's strong cash flow and steady inorganic growth together limit the downside.
DaVita reported fourth-quarter operating earnings of $1.58 per share, which topped the Zacks Consensus Estimate of $1.48 and $1.13 in the prior-year quarter. Operating income amounted to $149.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CenturyLink Issues Debt Offering

Posted: 08 Mar 2012 01:21 PM PST

CenturyLink, Inc. (NYSE:CTL) has recently announced debt offering of 5.8% unsecured senior notes of 1.4 billion and 7.65% unsecured senior notes of $650 million. The proceeds from this debt issue is expected to be used for the funding of its wholly owned subsidiary, Embarq Corporation’s tender to purchase $2.05 billion outstanding notes due in 2013 and 2016.
CenturyLink's balance sheet remained distressed at the end of fiscal 2011, with a heavy debt and declining cash balance. The company ended … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sigma Aldrich Invests In India

Posted: 08 Mar 2012 01:07 PM PST

As per industry reports, Sigma Aldrich Corporation (NASDAQ:SIAL), a global lab chemical and life science company, announced its intention to open a distribution center and packaging facility in Bengaluru, India and has spent $5 million on it. The company plans to keep inventory valued at $13 million at the distribution centre.
The company is actively expanding its presence in the emerging markets. The prospects of India are considered promising by the company and thus the expansion. The India … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diageo Offers Chinese Baijiu Shot

Posted: 08 Mar 2012 12:55 PM PST

Diageo Plc. (NYSE:DEO) has recently launched two limited versions of Shui Jing Fang gift packs that are brewed by homegrown baijiu in China.
The two editions mark the celebration of Chinese New Year 2012. Be in Asia or Europe, one can taste the flavor all around as the editions are shelved in 20 international airports across Asia Pacific, key airports in Manchester, London, Paris, Brussels, Milan and Schiphol.
Diageo, the distributor of Smirnoff and Johnny Walker, hopes that the new brand Shui … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCI Building Still In The Red

Posted: 08 Mar 2012 12:40 PM PST

NCI Building Systems Inc.'s (NYSE:NCS) adjusted loss for the first quarter of fiscal 2012 ending January 29, 2012 of 32 cents was substantially narrower than the Zacks Consensus Estimate of a loss of 69 cents. The company also fared better than the year-ago quarter's loss of 99 cents.
Including the effect of the convertible preferred stock’s beneficial conversion feature and other one-time items, the company reported a net loss per share of 54 cents in the quarter under review, an improvement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RadioShack Suffers S&P Downgrade

Posted: 08 Mar 2012 12:25 PM PST

Recently, electronics and wireless handset retailer RadioShack Corp. (NYSE:RSH) suffered a setback as Standard & Poor's Rating Services (S&P) downgraded the company's overall creditworthiness. S&P downgraded RadioShack's corporate credit and senior unsecured debt ratings to "B+" from "BB-".
This rating assignment is in the junk territory of S&P and four notches below the rating agency's investment grade territory. S&P further provided a Negative outlook for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bullish On Kroger

Posted: 08 Mar 2012 12:20 PM PST

The Kroger Company (NYSE:KR) holds a dominant position among the nation's largest grocery retailers. We recently upgraded our recommendation on Kroger to Outperform with a price target of $27.00 following the company's healthy fourth quarter 2011 results. Earlier, we had a Neutral rating on the stock.
Drivers of Growth
Kroger's strong corporate and national brands help in gaining customers' loyalty, sustain growth in top line, expand its store base and boost its market share.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Unveils Home Broadband

Posted: 08 Mar 2012 12:10 PM PST

The largest U.S. mobile service provider Verizon Communications Inc. (NYSE:VZ) launched an in-home wireless broadband service –– HomeFusion Broadband –– based on Long Term Evolution (LTE) technology.
Verizon introduced this service in rural and remote homes, which do not have access to DSL or cables. The service will be available initially in Birmingham, Alabama, Dallas and Nashville, Tennessee later this month.
The company will charge $59.99 per month for 10 gigabytes (GB) of data and an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CONSOL To Shut Mine, Shares Fall

Posted: 08 Mar 2012 12:10 PM PST

Coal and natural gas producer, CONSOL Energy Inc. (NYSE:CNX) has decided to temporarily shut down its southwest Virginia Buchanan Mine longwall mining unit and has also planned to reduce its continuous mining operating schedule to five days per week. As a consequence, CONSOL's monthly production will be reduced by approximately 295,000 tons per month.
The company however reassured that there would be no layoffs but added overtime and other non-essential work will be delayed as a result of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economist On The Street: Greece, US Jobs And The Fed

Posted: 08 Mar 2012 11:50 AM PST

03/08/12 Meridian Equity Partners’ Stephen Guilfoyle helps break down the Greek debt deal, expectations for the US jobs report and the Fed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Obama’s Energy Policy Will Kill Jobs

Posted: 08 Mar 2012 11:19 AM PST

I’m reminded of that old joke about the young boy who says to his father, “Dad, I want to grow up and be a musician!”  The father responds “Well son, you can’t do both.”  

Likewise, Obama tells us he wants to create more jobs and continue to subsidize green energy.  Well President, you can’t do both.   

It’s an economic reality that you cannot create a net increase in American jobs by diverting taxpayer dollars to subsidize the inefficient, high-cost production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tarsus Produces Record Results As International Business Booms

Posted: 08 Mar 2012 05:12 AM PST

Tarsus (LON:TRS), the international business-to-business media group, has produced a record set of full year results after seeing a boost to its operations in the US and Emerging Markets.

Adjusted pre-tax profits were up by 77% to £16.8 million in the year to December 2011, and net debt was halved to £13.7 million, ahead of expectations. Revenues grew by 42% to £67.1 million, with like-for-like sales up 8%. The figures triggered a proposed final dividend of 4.2p, raising the total for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Friday, March 9, 2012

Posted: 08 Mar 2012 04:07 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, March 9, 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
110.21
− 0.23
110.44
110.54

Bearish

BND – Vanguard Total Bond Market ETF
83.60
− 0.16
83.70
83.76

Bearish

DBC – DB Commodity Index Tracking Fd
29.23
+ 0.83
29.00
29.46

Neutral

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

The Trend Trader For Stock Trading On Friday, March 9, 2012

Posted: 08 Mar 2012 04:07 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, March 9, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.77
+ 2.30
9.60
10.30

Neutral

AXP – American Express Company
52.95
+ 1.30
52.31
53.34

Neutral

BA – Boeing Co
74.17
+ 0.88
73.39
75.10

Neutral

BAC – Bank of America Corporation
8.06
+ 0.50
7.91
8.01

Bullish

CAT – Caterpillar Inc
110.28
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Friday, March 9, 2012

Posted: 08 Mar 2012 04:07 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, March 9, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0641
+ 0.53
1.0588
1.0745

Neutral

EURUSD – Euro / US Dollar
1.3275
+ 0.96
1.3172
1.3289

Neutral

GBPUSD – British Pound / US Dollar
1.5830
+ 0.57
1.5764
1.5873

Neutral

USDCAD – US Dollar / Canadian Dollar
0.9903
− 0.73
0.9971
0.9926

Bearish

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

The Trend Trader For Futures Trading On Friday, March 9, 2012

Posted: 08 Mar 2012 04:07 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, March 9, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1360.50
+ 1.00
1347.44
1360.50

Bullish

Dow Jones – Jun YMM2
12844
+ 0.56
12770
12891

Neutral

Nasdaq – Jun NQM2
2633.00
+ 1.14
2603.75
2618.50

Bullish

Russell – Jun TFM2
801.20
+ 1.25
791.62
805.57

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
140-22
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trading Volume’s Disappearing Act

Posted: 07 Mar 2012 10:00 PM PST

To have a thriving market, you need a healthy number of buyers and sellers. At the local farmer's market, you need farmers to grow the tomatoes, lettuce and zucchini and shoppers to buy the produce. Likewise, eBay wouldn't be the world's leading ecommerce company without the millions of people who buy or sell goods online.
What do investors in the stock market need? Trading volume.
After daily trading volumes in the S&P 500 Index hit a high in July 2002, volume quickly declined before … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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