Wednesday, March 14, 2012

DailyMarkets.com - Sock It Away: Emergency Funds

DailyMarkets.com - Sock It Away: Emergency Funds


Sock It Away: Emergency Funds

Posted: 14 Mar 2012 03:00 AM PDT

03/14/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, discusses the importance of saving for a rainy day, and how much to sock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank News Link List – 14 March 2012

Posted: 14 Mar 2012 01:53 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous link list.  Remember, if you want to submit links for inclusion in the daily central banking news link list, just email them through to us or post them in the comments section below.

US Federal Reserve says most major banks pass the doomsday stress test (Federal Reserve)
Meanwhile the FOMC gives a vanilla statement, with no signs of QE (Central Bank News)
In Europe, the venerable Bundesbank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Cycle Review

Posted: 14 Mar 2012 01:46 AM PDT

A quick review of  gold's dominant cycle. So far it's working like clock work. Bearish to mid US Summer and a rally into the fall (Autumn in English).

Previous posts:
Gold Wyckoff 2.0, should Merkel stay or go – Worked out fine
Gold expect more sideways action  – Exactly right

The US Dollar is strengthening, Ben Bernanke is being cagey about QE3, Europe is a pig that has been dressed up (with lipstick) means the fait currency printing is taking a breather or at a slower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Sri Lanka Holds Repo Rate At 7.50%

Posted: 14 Mar 2012 01:22 AM PDT

The Central Bank of Sri Lanka held its benchmark repurchase rate unchanged at 7.50%, and reverse repurchase rate at 9.00%, and kept the Statutory Reserve Ratio at 8%.  The Bank said: “recent policy measures are expected to lead to a moderation of aggregate demand which will have a dampening effect on prices, thereby offsetting to some extent, the supply side pressures on prices as a result of the recent upward adjustments to administered prices. As a consequence, the Central Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


HKMA Follows Fed, Holds Rate At 0.50%

Posted: 14 Mar 2012 01:11 AM PDT

The Hong Kong Monetary Authority held its base rate unchanged at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25% until late 2014. The HKMA also previously held its base interest rate unchanged at 0.50%, after the FOMC met in January.  The Hong Kong Monetary Authority generally tends to follow the monetary policy decisions of the US Federal Reserve’s Federal Open Market Committee as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US FOMC Holds Monetary Policy Settings Unchanged

Posted: 14 Mar 2012 12:22 AM PDT

The US Federal Open Market Committee (FOMC) kept the fed funds rate steady at 0 to 0.25 percent and made no changes to its balance sheet management and quantitative easing programs. The Fed said: “To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bull Of The Day: Genuine Parts Co. (GPC)

Posted: 13 Mar 2012 11:00 PM PDT

Genuine Parts Co. (NYSE:GPC) saw a 15% increase in profit to $0.86 per share in the fourth quarter of 2011, surpassing the Zacks Consensus Estimate by $0.03. Meanwhile, total sales increased 7% to $3.0 billion, which was in line with the Zacks Consensus Estimate. For full year 2011, the company reported a 19% increase in profit to $565 million or $3.59 per share, beating the Zacks Consensus Estimate by $0.02.
Genuine Parts is a leading distributor of automotive and industrial replacement parts, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Safeway Inc.

Posted: 13 Mar 2012 11:00 PM PDT

Management at Safeway Inc. (NYSE:SWY) recently initiated its guidance for 2012 above consensus, prompting analysts to revise their estimates significantly higher. This sent the stock to a Zacks #2 Rank (Buy).
Based on current consensus estimates, analysts project 15% EPS growth this year and 6% growth next year. Part of this growth will come from the company aggressively buying back shares of its stock.
The company is also returning value to shareholders through dividends. It currently yields a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bear Of The Day: AGL Resources, Inc. (GAS)

Posted: 13 Mar 2012 11:00 PM PDT

We are initiating coverage on AGL Resources Inc. (NYSE:GAS) with an Underperform recommendation and a target price of $39. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk unregulated operations, ongoing regulatory uncertainties and the challenging economic environment.
AGL had warned that its earnings will suffer in 2011 due to lower results at the wholesale segment. Additionally, the inclusion of the shipping operations (post Nicor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Momentum Stock: Zumiez

Posted: 13 Mar 2012 11:00 PM PDT

Zumiez (ZUMZ)
While most of you reading this probably haven't bought a Zumiez product, that doesn't mean tons of kids, teens and young adults (especially hipsters, skaters, BMX'ers, etc) aren't buying en mass.
In fact Zumiez reported record earnings on March 8th and saw sales increase almost 18% in the fourth quarter that ended on January 28th.  Yesterday's strong retail sales data also added credence and perhaps stability to the Zumiez numbers and future outlook.
Can this niche … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aggressive Growth Stock: Westlake Chemical

Posted: 13 Mar 2012 11:00 PM PDT

Westlake Chemical (WLK) is a Zacks #1 Rank (Strong Buy) after posting six upside surprises in the last seven quarters and getting higher estimates for 2012.
Company Description
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The Olefins segment provides ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as chemical grade propylene, crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Creative Destruction: Encyclopedia Britannica RIP

Posted: 13 Mar 2012 07:48 PM PDT

R.I.P. Encyclopedia Britannica (print edition): 1768 – 2012

The Washington Post reports that Encyclopaedia Britannica will stop publishing its 32-volume, $1,400 print edition, but will continue its digital version. 

"This has nothing to do with Wikipedia or Google," Encyclopaedia Britannica President Jorge Cauz said. "This has to do with the fact that now Britannica sells its digital products to a large number of people."

MP: Isn’t that like saying that declining classified … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EUR/USD Finding Short Term Trend Line Support

Posted: 13 Mar 2012 07:18 PM PDT

The pair is testing trend line support on the 15 minute chart; currently trading close to the lows. If support continues we look back towards 1.3104 as the topside target. We may see some more risk as the Nikkei trades in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


N. Dakota Bakken Shale Boom Is Visible From Space

Posted: 13 Mar 2012 07:17 PM PDT

From the SkyTruth Blog:

“NOAA’s National Geophysical Data Center provided us with this very interesting satellite image composite above of the upper Midwest, made from nighttime satellite images collected by the U.S. Air Force’s Defense Meteorological Satellite Program.  State outlines are superimposed on the image.  

Multiple cloud-free images collected over several years have been combined to make this picture: 1992 is shown in blue, 2000 in green, and 2010 in red.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Singapore Stock Market Update For Wednesday 14 March

Posted: 13 Mar 2012 07:14 PM PDT

Market managed to break through 3000 resistance, marching towards 3031.45 created on Feb 21 2012. We expect market to consolidate again after good move today, all thanks good news from the US market. US government reported retail sales jumped in February. Asia stocks rises sharply, most led by the bank stocks.

Bank stocks are close to the high created. UOB hit high of 18.42 while DBS hit high of 14.53 and OCBC hit high of 9.01.

Watch out for the bank stocks as they might be the next leaders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Shale Gale Makes US World’s No. 1 Producer Of Gas

Posted: 13 Mar 2012 06:44 PM PDT

The EIA reported today that the U.S. surpassed Russia as the world’s No. 1 producer of consumer-grade, dry natural gas in both 2009 and 2010 (see chart).  Based on actual U.S. production in 2011 and an estimate of Russia’s production for last year, it’s also likely that the U.S. was the world’s leading producer of natural gas in 2011 as well, see chart above. 

In 2005, Russia produced 17% more natural gas than the U.S. when the U.S. was using conventional drilling, but then U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Usd/hkd Breaks Through This Upward Wedge.

Posted: 13 Mar 2012 06:22 PM PDT

usd/hkd breaks through this upward wedge giving a bullish signal and we also see the top of the wedge is becoming a support for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Difference Between Private And Public Morality

Posted: 13 Mar 2012 06:12 PM PDT

Republicans have morality upside down. Santorum, Gingrich, and even Romney are barnstorming across the land condemning gay marriage, abortion, out-of-wedlock births, access to contraception, and the wall separating church and state.
But America's problem isn't a breakdown in private morality. It's a breakdown in public morality. What Americans do in their bedrooms is their own business. What corporate executives and Wall Street financiers do in boardrooms and executive suites affects all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thieves Expanding Their Horizons Even More

Posted: 13 Mar 2012 05:47 PM PDT

In “Thieves Expand Their Horizons,” I noted that America’s “recovery” had “spawned an illicit interest in items that have not been traditionally targeted by criminal elements,” including utility poles, air conditioners, hot air balloons, ammonia tanks, and outdoor furniture. A follow-up post, “Thieves Still Expanding Their Horizons,” added livestock, pets, prescription drugs, tailgates, fishing reels, medical services, and bridges to the list.
But that wasn’t the end of it. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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