Thursday, March 29, 2012

DailyMarkets.com - Vacation, Investment Home Sales Soar

DailyMarkets.com - Vacation, Investment Home Sales Soar


Vacation, Investment Home Sales Soar

Posted: 29 Mar 2012 03:58 PM PDT

03/29/12 Vacation home and investment property sales rose nationwide last year. The National Association of Realtors’ data showed that the South and the West saw more properties being snapped up by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Farewell March: Out Like A Lion Or Lamb?

Posted: 29 Mar 2012 03:20 PM PDT

03/29/12 Friday marks the end of Q1 2012 and the month of March. US economic data on consumers and regional PMI will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Reaffirming Mindray At Neutral

Posted: 29 Mar 2012 02:50 PM PDT

We remain Neutral on Mindray Medical International (NYSE:MR). Its fourth-quarter 2011 earnings per share just missed the Zacks Consensus Estimate.
Mindray is a bellwether for the Chinese medical devices industry. The company has a large domestic sales infrastructure, which gives it better access to medium-sized county hospitals. In China, it beats other multinationals on price and defeats local players, who have cheaper products, on brand recognition.
In western markets, the company targets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Comcast Enhances Service Portfolio

Posted: 29 Mar 2012 02:35 PM PDT

The increased usage of smartphones and tablets has induced Comcast Corporation (NASDAQ:CMCSA) to enhance its service offerings by introducing two new unlimited messaging services for its Xfinity Voice plan subscribers.
The subscriber of the Xfinity Voice service will not only be able to send unlimited text messages across U.S., but can also receive transcribed voicemail messages from their home phone devices. In addition, the subscribers will also get a notification once they receive the text … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Best Buy To Close 50 US Stores, Stock Tanks

Posted: 29 Mar 2012 09:30 AM PDT

03/29/12 Best Buy’s stock took a dive on Thursday after the retailer reported quarterly results that included plans to close 50 stores in the U.S. by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CNOOC Grows YoY On Strong Price

Posted: 29 Mar 2012 02:20 PM PDT

Chinese offshore giant CNOOC Ltd. (NYSE:CEO) reported 2011 company's earnings per share of 1.57 yuan ($24.26 per ADS), which beat the Zacks Consensus estimate of $23.95. The company's total revenue were 189.28 billion yuan ($29.24 billion), up almost 30% from the year-earlier level. The results were driven by strong oil price realizations.
Production
CNOOC achieved net production of 331.8 million barrels of oil equivalent (MMBoe), up 0.7% from the year-ago level of 329.5 MMBoe. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


4 Stocks Worth Taking A Look At

Posted: 29 Mar 2012 02:13 PM PDT

  ( click to enlarge )

Renren Inc (RENN) has been forming a large pennant pattern on the daily chart over the last few weeks, popped on good volume and retreated on lower volume. It looks like it may be starting to gain some momentum again and should make a move soon. The Pennant is a continuation pattern, that is marked by a small consolidation before resumption of the previous trend. In addition, the MACD Fast Line is about to cross up through the Slow Line, Bullish. Let’s keep an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wells Fargo Faces Class-Action Suit

Posted: 29 Mar 2012 02:08 PM PDT

Wells Fargo & Co. (NYSE:WFC) is in the headlines again and this time for a wrong reason. According to a Bloomberg report, the company has to countenance a class-action lawsuit brought by investors who alleged the company for marketing its risky securities lending program as a safe one.
Notably, in 2010, a lawsuit was filed against Wells Fargo by the City of Farmington Hills Employees Retirement System, a pension fund. The lawsuit was filed on behalf of 100 institutional investors who accused … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Mixed; Investors Worry About Europe

Posted: 29 Mar 2012 09:00 AM PDT

03/29/12 Stocks rallied to finish mixed Thursday after spending most of the day in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DecisionPoint Sees Top-Line Growth

Posted: 29 Mar 2012 01:50 PM PDT

DecisionPoint Sees Top-Line Growth
Ken Nagy, CFA
On March 29, 2012, DecisionPoint Systems, Inc. (DPSI), the Foothill Ranch, California based enterprise mobility and RFID systems integrator, reported financial results for its fiscal 2011 fourth quarter and full year, ended December 31, 2011.

The fourth quarter performance resulted in a slight year over year increase in revenue, with sales increasing $417,873 to $15.887 million from $15.469 million for the three months ended December 31, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Big 5 Upgraded To Neutral

Posted: 29 Mar 2012 01:50 PM PDT

We have upgraded our long-term recommendation on the U.S. based sporting goods retailer Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to Neutral from Underperform with a target price of $8.50. This rating upgrade was driven by the company's continuous better-than-expected bottom line performance in the last three quarters of fiscal 2011.
Big 5 Sporting's earnings per share came ahead of the Zacks Consensus Estimate in the last three quarters with an earnings surprise history of 60%, 58.8% and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CEO Spotlight: Mike Petters, Huntington Ingalls Industries

Posted: 29 Mar 2012 01:50 PM PDT

03/29/12 Mike Petters, President and CEO of Huntington Ingalls Industries discusses the company’s one-year anniversary as an independent and publicly traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wrong Polish On The Economy

Posted: 29 Mar 2012 01:47 PM PDT

Many economists like to keep a watchful eye on popular fashion-related developments, including fabric and color choices, hemline lengths, and appearance-enhancing acccessories, to try and get a read on where things stand on Main Street and Wall Street.
According to a report in the Los Angeles Loyolan, “Nail Polish: This Recession’s Lipstick,” one modern day indicator continues to flash major warning signs about the state of the economy (despite reassurances from the usual clowns crowd that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: GameStop

Posted: 29 Mar 2012 01:35 PM PDT

GameStop Corporation (NYSE:GME) is one of the leading retailers of software, hardware, and game accessories for video game systems and personal computers. The company's strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video games, and by leveraging its first-to-market distribution network to offer the latest hardware and software releases.
In the paragraphs that follow, we cover the recent earnings announcement, subsequent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Nordstrom Stays Neutral

Posted: 29 Mar 2012 01:20 PM PDT

Based on the company's robust fourth-quarter 2011 results, we reiterate our long-term 'Neutral' recommendation on Nordstrom Inc. (NYSE:JWN), one of the leading fashion specialty retailers in the U.S., with a target price of $57 per share.
Nordstrom's fourth-quarter 2011 earnings of $1.11 per share beat the Zacks Consensus Estimate of $1.10 and surged 6.7% from the prior period. The increase was primarily driven by growth of 12% in its top line, stemming from increased comparable store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zions Partly Repays TARP Dues

Posted: 29 Mar 2012 01:05 PM PDT

Zions Bancorporation (NASDAQ:ZION) became one of the latest banks to repay its bailout money. On Wednesday, the company redeemed $700 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series D which were issued to the U.S. Department of the Treasury under the Treasury Department’s Troubled Asset Relief Program (TARP) Capital Purchase Program. The amount signifies the repayment of 50% of Zions' total dues.
Zions' repayment was financed by the proceeds from the recent $300 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Manpower Retains Neutral Rec

Posted: 29 Mar 2012 12:50 PM PDT

The job market is still sluggish and the economy still not completely awake from its hibernation. But in tough times one has to face headwinds, balance itself and persevere. This is exactly what Manpower Group (NYSE:MAN) is doing.
Manpower's comprehensive range of services makes it a truly global staffing firm. The company provides services for the entire employment and business cycle including permanent, temporary and contract recruitment, employee assessment and selection, training, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Amylin Shoots Up On Takeover Rumors

Posted: 29 Mar 2012 12:35 PM PDT

Amylin Pharmaceutical (NASDAQ:AMLN) shares shot up 54.45% on rumors regarding a take-over bid by Bristol-Myers Squibb (NYSE:BMY). According to Bloomberg, which cited unnamed sources, Bristol-Myers had made an offer of $22 per share ($3.5 billion). However, the offer was rejected by Amylin's board of directors last month.
Why Amylin?
Following the termination of Amylin's exenatide agreement with Eli Lilly (NYSE:LLY) in November 2011, Amylin has been considered to be a potential takeover candidate for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rockwell Auto Gets Cynar Contract

Posted: 29 Mar 2012 12:25 PM PDT

Rockwell Automation, Inc. (NYSE:ROK) has received an $11 million contract from Cynar Plc, a leading technology company in the waste-to-energy market. As per the contract Rockwell Automation will design and build a plastic to fuel conversion plant in Bristol, U.K., for Cynar customer and partner, SITA UK Ltd.
Rockwell Automation will work on the design and build of process skids, automation architecture, software, power control and engineering/startup services utilizing the Rockwell Automation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Stocks Fall For Third Day

Posted: 29 Mar 2012 12:23 PM PDT

Cusick’s Corner 03-29-2012
The tide has shifted and some managers seem to be taking advantage now that Q1 is in the books, they might be lightening up on names that have been parabolic. While the trend is still intact, I want to see if this is some small profit taking or just nervousness on mixed data. See you After Hours.
Stock market averages are lower for a third day on disappointing jobless claims numbers. The data showed filings for jobless benefits falling by 5,000 to multi-year lows of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Supplies Jump To 7-Month High

Posted: 29 Mar 2012 12:10 PM PDT

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles rose to their highest level since August 2011, as imports soared. However, the agency's report further revealed that product demand rose, as a result of which both gasoline and distillate stocks fell from their previous week levels. Meanwhile, refinery utilization rate reflected an increase of 2.3%.
The Energy Information Administration (“EIA”) Petroleum Status Report, which contains data for the previous week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Economist On The Street: OECD And BRICS

Posted: 29 Mar 2012 12:01 PM PDT

03/29/12 Meridian Equity Partners’ Stephen Guilfoyle discusses the OECD economic forecast, and the latest developments from the BRICS meeting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Min Wage = No Subway $5 Footlongs In SF

Posted: 29 Mar 2012 11:58 AM PDT

NBC — “The catchy Subway sandwich shop jingle involving a variety of foot-long sandwiches available for $5 doesn’t apply in San Francisco.  Apparently, the city’s new minimum wage, raised to $10.24 as of January 1, make $5 footlongs an impossible business model.”

Thanks to Kyle David Stingily and Bob … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jobless Claims Close To A Four-Year Low

Posted: 29 Mar 2012 11:39 AM PDT

Initial jobless claims (seasonally adjusted) fell to 359,000 for the week ending March 24, which was the lowest number since April 2008, almost four years ago, according to today’s Labor Department report.   The four-week moving average of weekly claims, which smooths out some of the weekly volatility, fell to 365,000 – the lowest level since May 2008.  At the current rate of decline, weekly jobless claims should be back pre-recession levels below 350,000 by this summer, possibly by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Friday, March 30, 2012

Posted: 29 Mar 2012 05:03 AM PDT

By ForexMansion.com

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

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.03
+ 2.03
10.00
10.27

Neutral

AXP – American Express Company
57.89
− 1.98
58.43
57.07

Neutral

BA – Boeing Co
74.08
− 0.34
74.40
74.34

Bearish

BAC – Bank of America Corporation
9.53
− 2.26
9.65
9.78

Bearish

CAT – Caterpillar Inc
106.02
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Friday, March 30, 2012

Posted: 29 Mar 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, March 30, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0388
+ 0.01
1.0418
1.0479

Bearish

EURUSD – Euro / US Dollar
1.3301
− 0.11
1.3320
1.3231

Neutral

GBPUSD – British Pound / US Dollar
1.5956
+ 0.43
1.5928
1.5853

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9967
− 0.16
0.9965
0.9956

Bullish

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


The Trend Trader For ETF Trading On Friday, March 30, 2012

Posted: 29 Mar 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, March 30, 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
110.02
+ 0.27
109.82
109.41

Bullish

BND – Vanguard Total Bond Market ETF
83.45
+ 0.22
83.32
82.98

Bullish

DBC – DB Commodity Index Tracking Fd
28.48
− 1.39
28.89
29.16

Bearish

DIA – SPDR DJ Industrial Average ETF
131.13
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Friday, March 30, 2012

Posted: 29 Mar 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, March 30, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1398.25
− 0.14
1402.81
1394.17

Neutral

Dow Jones – Jun YMM2
13078
+ 0.19
13095
13057

Neutral

Nasdaq – Jun NQM2
2758.25
− 0.35
2768.25
2725.83

Neutral

Russell – Jun TFM2
830.10
− 0.07
834.10
826.70

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
138-28
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dr Copper Suggests, Its The Longs That Are The Gamblers

Posted: 28 Mar 2012 06:55 AM PDT

Copper is known as a base material for construction and manufacturing, it is also known that China imports 35% of all its copper. If true risk on was built on solid foundations copper prices would reflect this, lets see what you think.

Copper is sensitive to PMI (Purchasing Manufacturing Index) data, the HSBC China PMI has post 5 consecutive drops. Makes you wonder who is doing all the buying.

Copper Cycles : Approaching a peak

And we see a rising wedge in early formation..this is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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