Thursday, April 12, 2012

DailyMarkets.com - Housing: Still A Broken Market

DailyMarkets.com - Housing: Still A Broken Market


Housing: Still A Broken Market

Posted: 12 Apr 2012 04:55 PM PDT

Aside from everything else — including a still-massive overhang of properties for sale — the fact that ultra-cheap financing is not enough to induce a suffcient number of buyers to step up and take the plunge makes it apparent that we are nowhere near a bottom in the housing market.
And yet, Wall Street keeps piling into homebuilding stocks (I guess fundamentals don’t matter when you’re the “smart money” — … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sony SmartWatch: Juggling A Handsfree Life

Posted: 12 Apr 2012 03:58 PM PDT

04/12/12 Sony launched its SmartWatch for Android owners who could use a helping hand to juggle technology and daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Friday The 13th: Data Deluge

Posted: 12 Apr 2012 10:20 AM PDT

04/12/12 It will be heavy on the global economic calendar with the release of China’s GDP and the University of Michigan’s consumer sentiment index. Earnings from JP Morgan and Wells Fargo will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TECO Energy & Chesapeake Make Deal

Posted: 12 Apr 2012 03:04 PM PDT

TECO Energy, Inc.'s (NYSE:TE) subsidiary Peoples Gas System has entered into an agreement with Florida Public Utilities Company ("FPU"), a wholly-owned arm of Chesapeake Utilities Corporation (NYSE:CPK) for the distribution of natural gas to Nassau County and Amelia Island. This project has already received approval from the Florida Public Service Commission.
Accordingly, the companies will set up a 33-mile long natural gas pipeline in Nassau County and Amelia Island to link the Peoples Gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FelCor Divests Non-Core Assets

Posted: 12 Apr 2012 03:04 PM PDT

FelCor Lodging Trust Inc. (NYSE:FCH), a real estate investment trust (REIT) that owns upper-upscale hotels, has recently decided to sell 6 non-core assets to an unnamed buyer for $103.0 million, representing a cap rate of 6.8% based on 2011 net operating income. About $3.9 million of the purchase price was paid in advance in cash, and the transaction is expected to close in second quarter 2012.
Comprising 1,527 rooms on aggregate, the divested portfolio includes the Holiday Inn San … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Textron Gets MEUAS II Contract

Posted: 12 Apr 2012 02:55 PM PDT

AAI Unmanned Aircraft Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE:TXT) company, has won the competitive Mid-Endurance Unmanned Aircraft Systems (MEUAS) II award from the U.S. Special Operations Command (USSOCOM). The three-year award, valued at just under $600 million, includes support operations using AAI’s Aerosonde Small Unmanned Aircraft System (SUAS). Total initial funding for these activities is $20 million.
The Aerosonde SUAS is a high-performance system that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Invesco’s March AUM Marginally Up

Posted: 12 Apr 2012 02:55 PM PDT

Invesco Ltd. (NYSE:IVZ) announced a 0.8% rise in its preliminary month-end assets under management (AUM) for the month of March 2012. The company's AUM for the reported month was $672.8 billion compared with $667.6 billion at the end of February 2012.
Invesco's March AUM was mainly rewarded from favorable market returns and enhanced long-term net inflows. However, foreign exchange led to a $0.9 billion decline in the AUM during the month under review.
Also, during the reported month, Invesco … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Google Mixed, Announces 2-for-1 Split

Posted: 12 Apr 2012 02:55 PM PDT

As search engine king Google, Inc. (NASDAQ:GOOG) announced 1st quarter earnings results after the bell Thursday and market bloggers grabbed our calculators to check whether the company topped the Zacks Consensus Estimate on earnings and revenue, Google subsequently sprung unexpected news of a 2-for-1 stock split of GOOG shares.

Diluted earnings per share reached $8.75 for GOOG’s Q1 results (excluding traffic acquisition costs, or TAC), on $8,140 million in revenues. Thus, it amounts to a mixed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Whirlpool Opens New Plant

Posted: 12 Apr 2012 02:55 PM PDT

Whirlpool Corporation (NYSE:WHR) has opened a million-square-feet facility in East Tennessee that will manufacture premium cooking products. The new facility, replacing a 123-year-old plant at the same location, will add 130 jobs to the company's 1,500 people workforce.
The company has invested $200 million in the project. The facility also includes a 400,000-square-foot distribution center.
Whirlpool posted a profit of $2.62 per share for the fourth quarter of 2011 compared with $171 million or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NetApp Joins With Cisco

Posted: 12 Apr 2012 02:55 PM PDT

Networking major Cisco Systems (NASDAQ:CSCO) joined hands with NetApp (NASDAQ:NTAP), to introduce a new cloud product, which is expected to help more customers accelerate their transition to the cloud. The companies recently announced plans to extend the FlexPod with a series of new pre-validated design architectures priced and sized for smaller workloads.
This new FlexPod series is built on the background of a flexible, scalable, shared infrastructure that combines technologies such as computing, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jacobs Holds A Balanced Stance

Posted: 12 Apr 2012 02:55 PM PDT

We reiterate our Neutral recommendation on Jacobs Engineering Group Inc. (NYSE:JEC). While the company's growing international exposure is impressive, rising construction and labor costs are the expected dampeners.
Global infrastructure development is riding high, with improved highway transit, aviation, rail, waste water disposal and telecom services. This provides room for Jacobs to diversify across markets, geographies and services, accelerating growth and expansion.
Jacobs continues with its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FDA Approves Lilly’s Amyvid

Posted: 12 Apr 2012 02:55 PM PDT

The US Food and Drug Administration (FDA) recently approved Eli Lilly and Company's (NYSE:LLY) radioactive diagnostic agent, Amyvid (florbetapir F 18 Injection). Amyvid has been designed to help detect the density of beta-amyloid plaques in patients (with cognitive impairment) who are being evaluated for Alzheimer’s disease and other causes of cognitive decline.
While a negative scan would mean little to no amyloid plaques are present, a positive scan would point towards the presence of moderate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


March First-time Foreclosures Jump 7%

Posted: 12 Apr 2012 02:00 PM PDT

04/12/12 According to data from RealtyTrac Inc., the number of homes that received first-time foreclosure notices rose 7% in March from the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


March Sales Spur TJX To Up Guidance

Posted: 12 Apr 2012 01:35 PM PDT

The off-price apparel and home fashions retailer The TJX Companies Inc. (NYSE:TJX) posted a 10% increase in comparable-store sales for the five-week period ended in March 31, 2012. Total sales for the month moved up 14% to $2.3 billion from $2.0 billion in March 2011.
March's comparable-store sales exceeded management's guidance on the back of strong customer traffic in the stores. The stores welcomed customers with a combination of contemporary and exciting fashion and brands available … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Advance On Hopes For Global Growth, Hewlett-Packard

Posted: 12 Apr 2012 08:30 AM PDT

04/12/12 Encouraging signs from China and Europe drove the US stock market Thursday to one of its best days this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Leap Partners T-Mobile

Posted: 12 Apr 2012 01:20 PM PDT

In order to combat the issue of spectrum limitation, Leap Wireless International Inc. (NASDAQ:LEAP) recently entered into a strategic relationship with T-Mobile to swap their spectrum in major cities in the U.S.
The deal will allow LEAP to access broad band spectrum in the Phoenix and Texas regions, while T-Mobile will gain wireless access to other major cities like Alabama, Illinois, Missouri, Minnesota and Wisconsin.
Currently, LEAP is experiencing some spectrum constraints as the company has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: JPMorgan

Posted: 12 Apr 2012 01:10 PM PDT

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to report its first quarter 2012 results before the market opens on Friday, April 13. The Zacks Consensus Estimate for the quarter is $1.17 per share, representing a year-over-year slump of about 9%.
After profit declines for two straight quarters, we expect JPMorgan to report impressive numbers this quarter as it is wont to do. Marked recovery of the bond and equity market and consequent revenue growth forms the basis of our assumption.
Though … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Tenet Enters Civil Settlement Deal

Posted: 12 Apr 2012 01:04 PM PDT

Tenet Healthcare Corporation (NYSE:THC) has opted for a $42.75 million civil settlement with the U.S. Attorney's Office, Northern District of Georgia and the Departments of Justice and Health and Human Services in connection with over-billing of Medicare. The company was facing allegations that it admitted several Medicare patients to 25 of its inpatient rehabilitation facilities during May 2005–December 2007, even though the patients did not qualify for such treatment.
The allegations were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Workers Quitting Jobs Is Highest In Three Years

Posted: 12 Apr 2012 12:57 PM PDT

In another sign that the labor market is slowing recovering, the number of workers quitting their jobs is rising (see chart above).  In February, almost 2.1 million Americans quit their jobs, and it was the sixth month out of the last eight months that more than 2 million workers voluntarily left their job.  The February count was the highest number of monthly quits since November 2008, more than three years ago.

From a related Wall Street Journal article:

“Strategists at ConvergEx … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PNC Financial To Redeem $500M TruPS

Posted: 12 Apr 2012 12:50 PM PDT

On Tuesday, The PNC Financial Services Group Inc. (NYSE:PNC) has announced that it will redeem trust preferred securities (TruPS) further. These include redemption of 6.625% preferred securities worth $500 million issued by National City Capital Trust III.
PNC Financial stated that these preferred securities, having a maturity date of May 25, 2047, will be redeemed at $25 per trust preferred share. The redemption amount will also include accrued and unpaid distributions until the redemption date … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BHP Billiton In News Again

Posted: 12 Apr 2012 12:50 PM PDT

Two conflicting events placed BHP Billiton Ltd (NYSE:BHP) on a delicate ground this week. On the positive, the company received funding approval for a spar facility project. Undermining the optimism was the closure of its Norwich Park coal mine.
Yesterday, BHP Billiton announced the approval of US$708 million initial funding for Mad Dog Phase 2 project in the deepwater Gulf of Mexico. The pre-commitment funding will facilitate detailed engineering and the procurement of hull, topsides and subsea … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


State Tax Revenues Rose In All States In 2011, Led By An Energy-Related Gain Of 44.5% In N. Dakota

Posted: 12 Apr 2012 12:44 PM PDT

1. CNBC — “Tax collection rose in all 50 states in fiscal 2011, and in nine states increased by more than 10 percent, according to U.S. Census data released on Thursday that marked the end of a severe revenue collapse.   Tax collections rose the most in North Dakota, 44.5 percent, followed by oil giant Alaska, 22.4 percent. They were up 17.4 percent in California, 15.3 percent in Illinois and 15.1 percent in New Mexico. Wyoming, also a state that produces energy sources, had revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Foster Wheeler Wins Award

Posted: 12 Apr 2012 12:35 PM PDT

Foster Wheeler AG (NASDAQ:FWLT) received the International Headquarters Award from the Singapore Economic Development Board (EDB). The prestigious award was conferred to Foster Wheeler Asia Pacific, a subsidiary of Foster Wheeler's Global Engineering and Construction Group. For over 40 years, Foster Wheeler Asia Pacific has been working on various projects in Singapore and other regions.
Strategies for developing Singapore as a global business center are made and executed by EDB. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thermo Fisher’s Seoul Venture

Posted: 12 Apr 2012 12:20 PM PDT

With the objective of further strengthening its operations in the emerging markets, Thermo Fisher Scientific (NYSE:TMO) has opened a new demonstration laboratory and training center in Seoul, South Korea. The 1,800-square-foot facility will showcase the company's portfolio of analytical instrumentation, software and consumables.
The strategy of heightening its focus on the emerging markets is yielding results for Thermo Fisher. This is crucial as growth in the matured/developed market is flat if … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CAT Hives Aussie Distribution Biz

Posted: 12 Apr 2012 12:10 PM PDT

Caterpillar Inc. (NYSE:CAT) is selling the distribution and support unit, formerly operated by Bucyrus International Inc. in Western Australia, Australian Capital Territory and New South Wales. The business will be bought by WesTrac Pty Limited of South Guildford, Western Australia, for $400 million. The sale of the unit is part of its integration of Bucyrus. WesTrac is a wholly owned subsidiary of Seven Group Holdings Limited and is one of the largest Caterpillar dealers in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Economist On The Street: Fundamentals & Friday The 13th

Posted: 12 Apr 2012 11:47 AM PDT

04/12/12 Meridian Equity Partners’ Stephen Guilfoyle talks about global fundamentals and what to expect from Friday’s earnings and economic data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Friday, April 13, 2012

Posted: 12 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, April 13, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.17
+ 2.73
9.84
9.82

Bullish

AXP – American Express Company
58.04
+ 1.91
57.06
57.94

Bullish

BA – Boeing Co
73.50
+ 2.41
72.03
74.12

Neutral

BAC – Bank of America Corporation
9.17
+ 3.50
8.88
9.37

Neutral

CAT – Caterpillar Inc
106.44
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Friday, April 13, 2012

Posted: 12 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, April 13, 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
− 0.10
110.09
109.56

Neutral

BND – Vanguard Total Bond Market ETF
83.50
+ 0.01
83.52
82.98

Neutral

DBC – DB Commodity Index Tracking Fd
28.63
+ 1.31
28.36
28.80

Neutral

DIA – SPDR DJ Industrial Average ETF
129.72
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Friday, April 13, 2012

Posted: 12 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, April 13, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0439
+ 1.37
1.0321
1.0336

Bullish

EURUSD – Euro / US Dollar
1.3185
+ 0.60
1.3123
1.3169

Bullish

GBPUSD – British Pound / US Dollar
1.5958
+ 0.34
1.5903
1.5909

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9943
− 0.93
1.0006
0.9951

Bearish

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


The Trend Trader For Futures Trading On Friday, April 13, 2012

Posted: 12 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, April 13, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1386.00
+ 1.61
1368.64
1393.33

Neutral

Dow Jones – Jun YMM2
12950
+ 1.62
12787
13013

Neutral

Nasdaq – Jun NQM2
2738.75
+ 1.28
2715.17
2754.75

Neutral

Russell – Jun TFM2
806.20
+ 1.69
793.77
816.43

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
140-15
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SP500 Gann Angle Review, Will History Repeat?

Posted: 10 Apr 2012 03:33 PM PDT

After 3 months of nothing more that 1% decline, the SP500 is playing catch up and is down 4.2% (mid day April 10th 2012). The Gann Angle study has become very interesting. Here is a quick catch up.UPDATE1

The Gann Angle 1×2 (time by price) has been an excellent lock in profits line on the juice rallys since March 2009. However when they break, the downside gets a little more serious.

This market was pumped up for selling, therefore a sell off from 142 to 136 (-4%) is heaps better than a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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