Tuesday, March 20, 2012

DailyMarkets.com - Oil Prices Cast Shadow On Airlines

DailyMarkets.com - Oil Prices Cast Shadow On Airlines


Oil Prices Cast Shadow On Airlines

Posted: 20 Mar 2012 03:58 PM PDT

03/20/12 The IATA slashed its profit outlook for 2012, citing the risk of an increase in oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Watch This E-Mini Tomorrow

Posted: 20 Mar 2012 03:33 PM PDT

The E-Mini Russell 2000 opened the day with a gap down today, and proceeded to trade virtually flat the remainder of the session. However, today's quiet trading could lead to tomorrow's big breakout. Here's more..

Narrow Value Area
The 15-minute chart shows the E-Mini Russell gapped lower today, but was rather stagnant the rest of the session. As a matter of fact, the Value Area for Tuesday's market was unusually wide (solid blue lines), which is usually a great indication that price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Midweek Calendar: US Housing, Oil Inventories On Tap

Posted: 20 Mar 2012 03:20 PM PDT

03/20/12 Existing home sales data and EIA petroleum inventories will be released on Wednesday. Bernanke will testify before the Committee on Oversight and Government Reform on Europe’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Republican’s Social-Darwinist Budget Plan

Posted: 20 Mar 2012 03:20 PM PDT

In announcing the Republicans' new budget and tax plan Tuesday, House Budget Committee Chairman Paul Ryan said "We are sharpening the contrast between the path that we're proposing and the path of debt and decline the president has placed us upon."
Ryan is right about sharpening the contrast. But the plan doesn't do much to reduce the debt. Even by its own estimate the deficit would drop to $166 billion in 2018 and then begin growing again.
The real contrast is over what the plan does … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


URE: A Possible Rocket Ride

Posted: 20 Mar 2012 03:14 PM PDT

As regular readers here now, I'm a frequent critic of Tom Knight, creator of the Slope of Hope blog.  For example,  on February 14, a guest blogger to the site commented that the the market has risen too far and … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Motorola Solutions Wins Contract

Posted: 20 Mar 2012 03:05 PM PDT

Motorola Solutions Inc. (MSI), one of the leaders in the lucrative U.S. Public Safety market,received a contract worth $22 million from ComEd, an electric supply company and a part of Exelon Corporation (NYSE:EXC).
Motorola Solutions will provide 900 MHz ASTRO 25 digital trunked radio systems, a two-way digital radio transmission system, which offers consistently clear audio service across its footprint. Even if there is any disruption in power supply during heavy storm, the new technology will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Brazil Woes For Chevron, Transocean

Posted: 20 Mar 2012 03:05 PM PDT

Seventeen executives from U.S. energy behemoth Chevron Corp. (CVX) and offshore drilling giant Transocean Ltd. (RIG) have been barred from leaving Brazil pending an inquiry into an oil leak 74 miles off the coast of Rio de Janeiro in November.
The ruling by Judge Vlamir Costa Magalhães requires the employees – that include the chief executives of Chevron and Transocean's Brazilian units – to surrender their passports, while the investigation is underway. The companies are already facing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Tiffany Misses On Bottom-Line

Posted: 20 Mar 2012 03:05 PM PDT

Tiffany & Company (NYSE:TIF) posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings of $1.39 per share missed the Zacks Consensus Estimate of $1.41, and dropped from $1.44 earned in the prior-year quarter. On a reported basis, including one-time items, earnings fell 1% year-over-year.
Despite registering a growth in the top line, the company witnessed a drop in the bottom line due to a 9% rise in the cost of sales and a 10% increase in selling, general and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Top Stocks To Watch For Wednesday

Posted: 20 Mar 2012 03:02 PM PDT

 ( click to enlarge )

Amazon.com, Inc.(NASDAQ:AMZN) stock successfully broke the resistance of the symmetrical triangle confirming a reversal form the previous downward trend. Target price for the pattern is at 210-212. There are however upcoming resistances at 195.94 the previous high and the 200.51 the 200 day MA. From a technical standpoint I think more buyers could come as most indicators show strong buy signal. MACD shows buy signal as MACD is on top of signal line and RSI is above 50% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Egypt Cuts RRR 200bps To 12.00%

Posted: 20 Mar 2012 02:59 PM PDT

The Central Bank of Egypt reduced the required reserve ratio (RRR) by 200 basis points to 12.00% from 14.00% previously.  The Bank said: “In light of the current liquidity situation which has emerged on the back of domestic and global developments, the CBE’s Board decided to reduce the RRR from 14 percent to 12 percent. This measure will provide permanent liquidity into the banking system and help ease credit conditions in the market”

Previously the Bank maintained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Nigeria Keeps Policy Rate On Hold At 12%

Posted: 20 Mar 2012 02:40 PM PDT

The Central Bank of Nigeria maintained its monetary policy interest rate at 12.00%.  The Bank also held the cash reserve ratio at 8%.  Bank Governor, Lamido Sanusi, said: ”In arriving at its decision, the Committee was faced with a choice between two options. One option was to consider, in view of  the  improving global economic environment, a moderation in headline inflation, slowdown in monetary aggregates and fiscal spending and the crowding out … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Terreno Purchases Virginia Property

Posted: 20 Mar 2012 02:25 PM PDT

Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial property in Sterling, Virginia, for approximately $6.1 million. The acquisition is part of the long-term strategy of the company to abstain from pursuing ground-up development or land investments, and instead own functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost.
The acquired property … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Analyst Interviews: Auto Industry Stock Outlook And Review

Posted: 20 Mar 2012 02:15 PM PDT

The auto industry is highly concentrated. The top-10 global automakers account for roughly 80% of the worldwide production and nearly 90% of total vehicles sold in the U.S.

In January-February 2012, General Motors Company (NYSE:GM) led with a 18.3% market share in the U.S., followed by Ford Motor Co. (NYSE:F) with a 15.3% market share, Toyota Motors Corp. (NYSE:TM) with a 13.8% market share, Chrysler-Fiat with a 11.4% market share, and Honda Motor Co. (NYSE:HMC) and Nissan Motor Co. (NASDAQ:NSANY) at the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Broadcom Wins Vs. Emulex

Posted: 20 Mar 2012 02:15 PM PDT

Broadcom Corporation (NASDAQ:BRCM) recently announced that the United States District Court for the Central District of California has issued a decision whereby the court granted Broadcom a permanent injunction against certain products of Emulex Corporation (NYSE:ELX).
The company has been involved in a patent infringement suit with Emulex since 2009.  In September 2009, Broadcom filed a complaint against Emulex Corporation wherein it alleged that the latter infringed ten … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Comstock’s Asset Sale Status

Posted: 20 Mar 2012 02:15 PM PDT

Comstock Resources Inc. (NYSE:CRK) came up with an updated status of the divesture program planned for 2012.
In late February, the company completed the sale of some of its non-core oil and gas assets in Tyler and Polk counties to a third party for $9.5 million.
Comstock plans to divest the remaining assets for $118.5 million. In this regard, the company has signed a deal with a third party. The agreement, pending customary regulations and purchase price adjustments, is slated to close on May 1, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


UNH Bags TRICARE West Contract

Posted: 20 Mar 2012 02:15 PM PDT

On Friday last week, the United States Department of Defense (DOD) awarded the TRICARE contract for western U.S. to UnitedHealth Group Inc. (NYSE:UNH), effective April 2013. Under this administrative services contract, the company will support health care delivery to approximately 2.9 million eligible beneficiaries who are active duty service members, retirees and family members based in 21 states of TRICARE's West region.The contract consists of five one-year option periods. The contract is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SWY Announces Dividend, Buyback Plan

Posted: 20 Mar 2012 02:15 PM PDT

Major grocery chain Safeway Inc. (NYSE:SWY) recently announced a regular quarterly dividend of 14.5 cents payable on April 12, 2012 to shareholders of record as of March 22, 2012.  The Board of Directors of the company also approved an additional $1.0 billion for the company’s existing stock repurchase program with just $400 million remaining as of February 22, 2012.
In the fourth quarter of fiscal 2011, Safeway repurchased 43.3 million shares for $858.6 million (76.1 million shares for $1.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Colgate’s Dividend Strategy

Posted: 20 Mar 2012 02:15 PM PDT

Colgate-Palmolive Company (NYSE:CL) has a history of paying regular quarterly dividends since 1895, clearly illustrating its strong fundamentals. Since then, the company has never looked back and managed to pay out dividends every quarter even in the economic downturns that faced the world, like the Great Depression of 1930's stagflation in the 1970′s, and the most recent financial crisis of 2008.
Besides paying regular dividends, the company's focus has always been on steadily increasing its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ford Extends Credit Facility

Posted: 20 Mar 2012 02:15 PM PDT

Ford Motor Co. (NYSE:F) has amended and extended the size and maturity of its revolving credit facility of $8.9 billion, which was scheduled to mature on November 30, 2013. The lenders have agreed to increase the size of the credit line by $400 million to $9.3 billion and maturity by 2 years to November 30, 2015.
The facility of $8.9 billion was undrawn, except $130 million that has been utilized for letters of credit. Of the extended $9.3 billion facility, $300 million are scheduled to mature on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Caroon Of The Day

Posted: 20 Mar 2012 02:14 PM PDT

Another great one from the best in the business, Michael Ramirez of Investor’s Business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Number Of LSAT Tests Drop To An 11-Year Low

Posted: 20 Mar 2012 02:10 PM PDT

Chronicle of Higher Education — “The number of Law School Admission Tests administered this year declined by 16.2%, the largest drop in more than a decade, the Law School Admission Council reported. The numbers reflect widespread pessimism about the value of a legal education today as education debts soar and job prospects remain dim.

The decline, from 155,050 tests in 2010-11 to 129,925 this year, follows the previous year’s 9.6-percent fall (see chart above, data here).

The drop comes at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Burger King Dethroned! Wendy’s Takes #2 Hamburger Spot

Posted: 20 Mar 2012 09:00 AM PDT

03/20/12 Hamburger chain Wendy's overtook Burger King and its spot as the second-largest U.S. hamburger chain in 2011 as sales volume … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Sell-off On Rising China Growth Worries

Posted: 20 Mar 2012 08:45 AM PDT

03/20/12 Stocks closed lower for the second time in two weeks on mixed home prices and slowing demand for iron ore in China suggesting an economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Isn’t Inflation Supposed To Be Bullish For Gold And Silver?

Posted: 20 Mar 2012 01:24 PM PDT

We have been witnessing a rotation from risk off treasuries and dollars into risk on oil, copper, US and European equities.  Gold and silver may be overlooked for riskier assets which may have been more undervalued.  This may be a short term phenomenon as gold and silver will catch up as they are the ultimate hedges against currency debasement.
In 2011, we saw unprecedented interventions by sovereign governments into the  foreign exchange markets in order to support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


QGEN To Gain From Cancer Guideline

Posted: 20 Mar 2012 12:50 PM PDT

Qiagen (NASDAQ:QGEN) is encouraged by a change in the national guideline for cervical cancer screening in the US.  The guideline highlighted the benefits of its digene HPV (human papillomavirus) test as part of cervical cancer screening protection in combination with traditional cytology (Pap test).
The final report of the US Preventive Services Task Force ("USPSTF") issued a “Grade A” recommendation in favor of co-testing women age 30 to 65 every five years with HPV and Pap tests as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Northrop Wins Air Force Contract

Posted: 20 Mar 2012 12:35 PM PDT

Northrop Grumman Corporation (NYSE:NOC) has received a firm-fixed-price contract worth $334 million from the U.S. Air Force to provide Large Aircraft Infrared Countermeasure ("LAIRCM") systems and support. The contract, immediately effective, will continue through April 2014.
Per the contract, the company will deliver LAIRCM hardware and provide associated support. The LAIRCM system is an active countermeasure that operates by automatically detecting a missile launch, determining the threat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Deciphering Tax Codes: AMT Basics

Posted: 20 Mar 2012 12:30 PM PDT

03/20/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, helps decipher the parallel tax codes: the federal and the Alternative Minimum tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Starbucks Opens First Juice Bar

Posted: 20 Mar 2012 12:20 PM PDT

Looking beyond coffees, Starbucks Corporation (NASDAQ:SBUX) recently announced the opening of its first Evolution Fresh juice store in Bellevue, Washington, four months after it acquired Evolution Fresh, Inc. in November 2011.
Evolution Fresh offers premium juices made from fresh, natural ingredients as well as other food items like wraps, salads, soups, vegetarian and vegan dishes and others. The juices are never heated and are made by a process called High Pressure Processing (HPP) technology … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Wednesday, March 21, 2012

Posted: 20 Mar 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, March 21, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0478
− 1.25
1.0562
1.0536

Bearish

EURUSD – Euro / US Dollar
1.3223
− 0.11
1.3189
1.3123

Bullish

GBPUSD – British Pound / US Dollar
1.5860
− 0.21
1.5846
1.5769

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9914
+ 0.46
0.9907
0.9914

Neutral

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


The Trend Trader For Stock Trading On Wednesday, March 21, 2012

Posted: 20 Mar 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, March 21, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.44
− 1.51
10.51
10.32

Neutral

AXP – American Express Company
56.91
− 0.63
56.91
55.48

Neutral

BA – Boeing Co
75.14
− 0.34
75.25
74.74

Neutral

BAC – Bank of America Corporation
9.81
+ 2.94
9.72
9.17

Bullish

CAT – Caterpillar Inc
110.76
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Wednesday, March 21, 2012

Posted: 20 Mar 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, March 21, 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
109.09
+ 0.15
109.09
109.60

Neutral

BND – Vanguard Total Bond Market ETF
82.65
+ 0.02
82.72
83.06

Bearish

DBC – DB Commodity Index Tracking Fd
29.17
− 1.22
29.39
29.39

Bearish

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


The Trend Trader For Futures Trading On Wednesday, March 21, 2012

Posted: 20 Mar 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, March 21, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1400.00
− 0.28
1399.47
1386.42

Bullish

Dow Jones – Jun YMM2
13108
− 0.45
13153
13067

Neutral

Nasdaq – Jun NQM2
2735.50
+ 0.28
2719.50
2686.58

Bullish

Russell – Jun TFM2
825.70
− 0.90
828.43
820.87

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
135-20
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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