DailyMarkets.com - National Bank Of Kazakhstan Drops Rate 50bps To 6.50%

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• National Bank Of Kazakhstan Drops Rate 50bps To 6.50%
• Bear Of The Day: Logitech International (LOGI)
• Bull Of The Day: The Washington Post Co. (WPO)
• Growth & Income Stock: GameStop Corp.
• Momentum Stock: Harley-Davidson, Inc.
• Aggressive Growth Stock: Churchill Downs
• Crushing Economic Liberty To Protect Status Quo
• Alternative Reality
• Vegas Existing Home Sales Surge To 7-Yr. High

National Bank Of Kazakhstan Drops Rate 50bps To 6.50% Posted: 29 Mar 2012 01:54 AM PDT The National Bank of Kazakhstan reduced its key refinancing rate by 50 basis points to 6.50% from 6.00% as inflationary pressures eased.  NBK Chairman, Grigori Marchenko, said: ”Given the trends in financial markets and the slowdown annual inflation Board of the National Bank of Kazakhstan decided to set April 2, 2012 the official rate refinancing of the National Bank of Kazakhstan at the level of 6.5% per annum, which is historically minimal.”   The Kazakh … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Logitech International (LOGI) Posted: 28 Mar 2012 11:00 PM PDT We maintain our Underperform recommendation on Logitech International (NASDAQ:LOGI) with a target price of $7.00. In the recently concluded quarter, the company witnessed lower-than-expected sales, especially in the EMEA region. This was due to product gaps in the video and digital home categories. Two of the company’s primary business divisions also reported revenue declines. Furthermore, the operating income declined due to weaker-than- expected demand and high research and development expenses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: The Washington Post Co. (WPO) Posted: 28 Mar 2012 11:00 PM PDT The Washington Post’s (NYSE:WPO) top and bottom lines surpassed the Zacks expectations in the fourth quarter of 2011. The quarterly earnings of $8.75 per share beat the Zacks Consensus Estimate of $5.36 (but dropped 23.8% from the prior-year quarter). Total revenue of $1,063.4 million also came ahead of the Zacks Consensus Estimate of $1,038 million. Kaplan Education division has undertaken a restructuring plan to lower its costs structure in the near future. Further, Kaplan International remains … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: GameStop Corp. Posted: 28 Mar 2012 11:00 PM PDT GameStop Corp. (NYSE:GME) recently delivered better than expected fourth quarter results and provided encouraging 2012 guidance. This prompted analysts to revise their estimates higher, sending the stock to a Zacks #2 Rank (Buy). Although growth has slowed at this once-hot retailer, analysts still project 9.5% long-term EPS growth. On top of this, the company pays a dividend that yields a solid 2.6%. And valuation is attractive with shares trading at less than 8x forward earnings. Company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Harley-Davidson, Inc. Posted: 28 Mar 2012 11:00 PM PDT Harley-Davidson, Inc. (HOG) After 28 years riding motorcycles I think I know a thing or two about the brand.   In fact, some of my best childhood memories revolved around motorcycles and Harley was the brand that was ingrained in those memories. Harley created a lifestyle and in my mind, they were the original social network.  Harley owners and other bikers shared a common thread that transcended culture, social status, gender and ethnicity.   Over the past two decades, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Churchill Downs Posted: 28 Mar 2012 11:00 PM PDT Churchill Downs (CHDN) is a Zacks #1 Rank (Strong Buy) due to four straight positive earnings surprises and rising estimates. Derby day is May 5, 2012 and getting in ahead of the other horses could help you get to the finish line first. Company Description Churchill Downs Incorporated provides pari-mutuel horseracing content for consumers and businesses. It offers gaming products through its casino operations in Mississippi, and its slot and video poker operations in Louisiana and Florida. CHDN … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crushing Economic Liberty To Protect Status Quo Posted: 28 Mar 2012 07:20 PM PDT About a year ago, I reported on CD about the Institute for Justice’s legal challenge of the anti-competitive protectionism in Nashville that was being practiced by the city’s high-end limousine cartel, with help from their government enablers, against competition from lower-cost entrepreneurs. George Will writes in today’s Washington Post about the Nashville limo cartel, which he describes as the “collusion between entrenched businesses and compliant government.” This is good time to invoke … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alternative Reality Posted: 28 Mar 2012 06:47 PM PDT According to the head of America’s largest and most profitable bank, it’s onward and upward for the U.S. economy: “JPMorgan's Dimon Says U.S. No Longer Faces Risk of Recession” (Bloomberg) JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the U.S. may no longer be at risk of another recession and the housing market is nearing the bottom. Huh? Were there any facts involved in that assessment? Take, for example, Mr. Dimon’s initial remark that ”the U.S. may … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vegas Existing Home Sales Surge To 7-Yr. High Posted: 28 Mar 2012 05:20 PM PDT DQ News reported today on Las Vegas home sales for February, with these highlights: 1. The number of homes sold in the Las Vegas area (4,240) rose to the highest level for a February in six years, with new-home transactions at a four-year high and resale activity the strongest since 2005. 2. Total February sales were 11.5% higher than the average number of homes sold in that month since 1994, while resale activity was 52.7% above average for a February. 3. In February, 3,744 existing homes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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