DailyMarkets.com - BUY NUGT $8.80 GSS $1.06 – Gold/Dollar

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• BUY NUGT $8.80 GSS $1.06 – Gold/Dollar
• Standard Review For Isis’ Kynamro
• Free Dunkin’ Donuts On National Donut Day
• Air Products Pens Supply Contract
• Symantec Mulls VeriSign Japan Buyout
• UDR To Offer Shares
• Watching The Weekly EMA Stock Market Key Levels
• US GDP, ADP Take Center Stage
• Sallie Mae Ups Buyback By $400M
• Sprint To Revoke IDEN By Mid-13
• Glaxo Initiates Phase III Studies
• Hot Option Plays: Will Fatigue Kick In?
• Now I’ve Got It
• Goldman Signs Deal With VALE
• Eni Awarded Indonesian Block
• DDR Corp Stays Neutral
• Harris Wins USSOCOM Order
• Obama’s Words At Ceremony Stirs Trouble With Poland
• Copart Sees Profits In Line
• Fred’s Posts Better Comps In May
• Honda Motor Upgraded To Outperform
• JPMorgan In Insider Trading Probe
• Thursday’s Stocks To Watch, May 31 2012
• Watsco To Outperform
• Vertex Corrects Earlier Interim Data
• ASA Staffing Index Highest Since 2008
• Stocks See Triple-digit Drop, Facebook Drops Again
• Agilent Launches New Oscilloscope
• Still Neutral On Newell
• FormFactor Raises Guidance
• Neutral On AES Corp.
• Healthways Retained At Neutral
• Canadian Solar Modules In Germany
• Fed Puts MS Portfolio Shift On Hold
• Dell Suite Chosen By Grow Financial
• Henry Schein Completes AUV Acquisition
• Cattle Prices Struggle To Move Higher As European Woes Weigh On Commodities
• Greece Leaving Euro A Mixed Bag For Gold
• Crude Struggles To Hold Above $90
• FAST: Revisited
• Flame Worms Its Way On To Mideast Systems
• MDT Resolute For Diabetic Patients
• Boeing Negotiates A Big 787 Order
• Hot Option Plays: Challenging
• Petrobras Taps Block Potential
• Hasbro To Focus On Entertainment
• Wells Fargo To Settle Race Lawsuit
• Multi-Year Deal Extension For CSC
• Enterprise Lowered To Neutral
• Keating: “Europe Crisis…unprecedented. Markets Can Whipsaw On Rumors”
• BP To Resume Exploration In Libya
• TECO Energy Remains Neutral
• Oil Trades At 7-month Low Levels
• The Trend Trader For ETF Trading On Thursday, May 31, 2012
• The Trend Trader For Stock Trading On Thursday, May 31, 2012
• The Trend Trader For Forex Trading On Thursday, May 31, 2012
• The Trend Trader For Futures Trading On Thursday, May 31, 2012

BUY NUGT $8.80 GSS $1.06 – Gold/Dollar Posted: 30 May 2012 04:37 PM PDT Two more days of school left – HOORAY!!!  A couple weeks ago I bought a slug of Direxion Gold Miners Bull 3X ETF at $8.80 (NUGT), made the chart then did not get around to posting the trade. Yes, it’s been that kind of month (and Year #30) but it’s nearly over, thankfully. Today I made a new purchase of Golden Star Resources (GSS) at $1.06. The daily chart had a favorable trend line break BUY signal on both the True Strength Index (TSI) and the Money Flow Index (MFI) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Standard Review For Isis’ Kynamro Posted: 30 May 2012 04:12 PM PDT Genzyme, a Sanofi (NYSE:SNY) company, and partner Isis Pharmaceuticals Inc. (NASDAQ:ISIS) recently announced that their new drug application (NDA) for pipeline candidate Kynamro has been accepted by the US Food and Drug Administration (FDA) for standard review. The companies are looking to get Kynamro approved for the treatment of patients with homozygous familial hypercholesterolemia (HoFH). Genzyme had submitted the NDA in March 2012. Kynamro is the lead pipeline candidate at Isis Pharma. Isis Pharma … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Free Dunkin’ Donuts On National Donut Day Posted: 30 May 2012 03:58 PM PDT 05/30/12 Dunkin’ Donuts will honor National Donut Day on June 1st. Beyond the US border, the brand plans to expand in emerging markets to help boost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Pens Supply Contract Posted: 30 May 2012 03:53 PM PDT Air Products & Chemicals Inc. (NYSE:APD) has signed a long-term contract for supplying bulk gases to Xiamen Tianma Microelectronics, which is an affiliate of Tianma Microelectronics Co., a leading small and medium-sized TFT-LCD manufacturer in China. Under the agreement, Air Products will supply Xiamen Tianma with ultra high-purity nitrogen and oxygen, hydrogen, argon, and helium for its new facility at Xiamen Xiang’an Industrial Park in the Fujian Province. The facility is China’s first 5.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Symantec Mulls VeriSign Japan Buyout Posted: 30 May 2012 03:37 PM PDT Consistent with its strategy of expanding further, Symantec Corp. (NASDAQ:SYMC) recently announced its plans to make a tender offer to purchase all of the outstanding shares of common stock and stock rights of the renowned publicly traded company VeriSign Japan KK. The company is expected to launch its tender offer on May 28, 2012 and expects to close the same by July 6, 2012, keeping the option of extending the same. On the successful completion of the deal, VeriSign Japan stakeholders will receive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UDR To Offer Shares Posted: 30 May 2012 03:37 PM PDT In a bid to enhance its liquidity, UDR, Inc. (NYSE:UDR), a real estate investment trust (REIT), has recently announced its decision to offer 19 million shares. The company also decided to grant the underwriters a 30-day option to purchase up to an additional 2,850,000 shares to cover the over-allotment options.   UDR intends to use the net proceeds generated from the offering to repay approximately $364 million of its 3.3% secured debt due 2012 – 2014, to redeem all of its outstanding 6.75% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watching The Weekly EMA Stock Market Key Levels Posted: 30 May 2012 03:20 PM PDT It's not common when the 20 and 50 week EMAs play a key role in providing both support/resistance as is the situation currently. Let's take a quick reference glance at the S&P 500, Dow Jones, and NASDAQ weekly charts to highlight these key EMA compression levels and what this means for the current structure. First, the S&P 500: While you can view the other indicators (momentum, Bollinger Bands, Volume), I'll focus this update on the price compression between the 20 and 50 week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US GDP, ADP Take Center Stage Posted: 30 May 2012 03:20 PM PDT 05/30/2012 Data deluge Thursday brings a handful of US economic releases: Q1 2012 GDP, jobless claims and the ADP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sallie Mae Ups Buyback By $400M Posted: 30 May 2012 03:18 PM PDT SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, remains committed to boost investors' wealth. Yesterday, the company announced the authorization of $400 million for share buyback activities revealed in January. This is in addition to the $500 million which was authorized at that time. The buyback program has no expiration date. Sallie Mae has already bought back 16.7 million shares of common stock for $268 million during the first quarter of 2012. Besides announcing the additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint To Revoke IDEN By Mid-13 Posted: 30 May 2012 03:18 PM PDT The third largest wireless carrier, Sprint Nextel Corp. (NYSE:S), announced that the termination of iDEN networks would be over by June 30 next year. This would aid the company in concentrating on the core Sprint platform, which includes CDMA, WiMAX, Long-Term Evolution (LTE) and other network technologies. The elimination of the Nextel platform is the part of the Network Vision plan, which is progressing well. Sprint intends to decommission 30,000 cell sites to 38,000 from the existing 68,000, of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo Initiates Phase III Studies Posted: 30 May 2012 02:57 PM PDT Glaxo (NYSE:GSK) recently announced that it is initiating a phase III program consisting of two studies, namely COMBI-d and COMBI-v. The studies are aimed at evaluating the safety and efficacy of dabrafenib (2118436, BRaf inhibitor) and trametinib (1120212, MEK inhibitor) combination therapy in patients with BRaf mutation-positive metastatic cutaneous melanoma. The COMBI-d phase III study will compare the combination of dabrafenib and trametinib with dabrafenib alone. The study will evaluate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Will Fatigue Kick In? Posted: 30 May 2012 02:45 PM PDT Cusick Corner 05-30-2012 Weakness begets Weakness, and the ugliest of them all is the Euro Currency, FXE, which is a tough short at these levels and hard to play for a bounce as well. It’s also tough to watch because this exploded the action in all sectors and multiplied the emotion for both longs and shorts. Right now the market is waiting for sellers to get either tired or squeezed before we get this ugly trade to shift. The Claims & PMI data will be out and if they come in worse than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Now I’ve Got It Posted: 30 May 2012 02:39 PM PDT In “What We Talk About When We Talk About Recession,” Bloomberg reports on yet another survey where the majority of respondents view things differently than the so-called experts on Wall Street. Do feelings trump facts for small business owners? Three years after the Great Recession ended, 71 percent of small business owners indicated they "believe the United States economy is still in a recession," according to a survey (PDF) of just over 1,000 of them released today by U.S. Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Signs Deal With VALE Posted: 30 May 2012 02:38 PM PDT According to Reuters, a unit of Colombian Natural Resources, the mining company managed by The Goldman Sachs Group Inc. (NYSE:GS), has entered into an agreement with Brazil-based Vale S.A. (VALE). Through this deal, Goldman will purchase thermal coal assets worth $407 million from Vale in Colombia. As per terms of the agreement, Vale has agreed to conduct the sale in cash. Moreover, the deal includes selling of Vale's El Hatillo coal mine, the Cerro Largo deposit and a port terminal on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Awarded Indonesian Block Posted: 30 May 2012 02:38 PM PDT Italy's oil and gas giant Eni SpA (NYSE:E) was awarded a 100% participating interest in the East Sepinggan block at the first Indonesian International Bid Round in 2012. Located around 170 kilometers southeast of the Bontang LNG processing facility, in offshore East Kalimantan, the block spreads over an area of 2,913 square kilometers in the Kutei Basin. The Kutei Basin is a hydrocarbon rich region wherein numerous giant discoveries are currently in production. Per the plan, Eni is required to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DDR Corp Stays Neutral Posted: 30 May 2012 02:37 PM PDT We have reiterated our Neutral recommendation on DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), as we expect the stock to perform in line with the broader market. The company reported first quarter 2012 FFO (funds from operations) of $59.7 million or 21 cents per share compared with $93.0 million or 27 cents per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harris Wins USSOCOM Order Posted: 30 May 2012 02:37 PM PDT Harris Corporation (NYSE:HRS), a leader in the public safety and professional communication market, received an order worth $81 million for its Falcon III wideband tactical radio. The order is a part of a $400 million deal with Harris Corporation, where the company will support the U.S. Special Operations Command (USSOCOM) to upgrade its equipment. As a part of the deal, Harris will provide USSOCOM with its Falcon III AN/PRC-117G radios, which facilitates high bandwidth communications and supports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Obama’s Words At Ceremony Stirs Trouble With Poland Posted: 30 May 2012 09:30 AM PDT 05/30/12 During the Medal of Freedom ceremony Wednesday, it was President Barack Obama’s words, not the recipients, that got all the attention as Polish leaders reacted strongly to what the White House said was a mistake in his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copart Sees Profits In Line Posted: 30 May 2012 02:17 PM PDT Copart, Inc. (NASDAQ:CPRT) posted a 23% increase in profits to 43 cents per share for the third quarter of its fiscal year ended April 30, 2012 from 35 cents in the comparable quarter of prior fiscal year. The bottom line was at par with the Zacks Consensus Estimate during the quarter. In absolute terms, profits increased 10.6% to $55.5 million from $50.1 million in the third quarter of prior fiscal year. Operating profits rose 7.2% to $87.9 million from $82.0 million a year ago. Consequently, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fred’s Posts Better Comps In May Posted: 30 May 2012 02:17 PM PDT Same-store sales at Fred's Inc. (NASDAQ:FRED) climbed 1.3% year over year in the four-week period ended May 26, 2012. This compares favorably with the marginal 0.2% increase in same-store sales in the year-ago period. Total sales moved up 6% in May 2012 to $152.1 million from $143.6 million in the year-ago period. May's comparable-store sales came in at the high end of management's guidance on the back of many new product innovations at the end of the first quarter. Shift from brand to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honda Motor Upgraded To Outperform Posted: 30 May 2012 02:08 PM PDT We have upgraded our long-term recommendation on Honda Motor Co. (NYSE:HMC) to Outperform from Neutral. The automaker expects a revival in sales and profits in fiscal 2013, based on higher revenues, favorable model mix and effective cost reduction measures. The company also expects to benefit from stricter environment regulations given its long-term focus on hybrid vehicles. Honda continues to focus on hybrid vehicles technology considering the government environmental regulations. To fullfill the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPMorgan In Insider Trading Probe Posted: 30 May 2012 02:08 PM PDT There seems to be no end to regulatory and legal woes for JPMorgan Chase & Co. (NYSE:JPM). Now, the Japanese regulatory authority, Securities and Exchange Surveillance Commission (SESC), is probing the role of the company in revealing non-public information to a Japanese hedge fund. JPMorgan has been accused of leaking confidential information related to the planned equity offering by Nippon Sheet Glass Co. Ltd in August 2010. People who are familiar with the investigations stated that an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thursday’s Stocks To Watch, May 31 2012 Posted: 30 May 2012 02:03 PM PDT ( click to enlarge ) Groupon Inc (GRPN) – Daily chart shows a bearish pattern. Break and close below $10.90 will favor the Bears for short term. But daily MACD is showing some divergence in favor of bulls. For this to work, the stock price should hold the support line and start to move up.  ( click to enlarge ) Zynga Inc (ZNGA) – On the daily chart, the stock sold off today and made a new low for the current sell-off. ZNGA can continue going down, because there is no supports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watsco To Outperform Posted: 30 May 2012 01:47 PM PDT We have upgraded our recommendation on Watsco Inc. (NYSE:WSO) from Neutral to Outperform to reflect the gains in revenue and margin from the successful Carrier Canada deal. The quantitative Zacks #1 Rank (short-term Strong Buy rating) for the company indicates upward pressure on the stock over the near term. To elaborate, Watsco has acquired Carrier’s HVAC (heating, ventilation and air conditioning) distribution network in Canada. The business will be operated as a 60:40 joint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vertex Corrects Earlier Interim Data Posted: 30 May 2012 01:47 PM PDT Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently corrected previously reported interim data (responder analysis) from a phase II study of VX-809 and Kalydeco. Vertex also provided some additional data from the study. The interim data from the phase II study showed improvements in lung function in adults with cystic fibrosis (CF) who had two copies of the F508del mutation in the cystic fibrosis transmembrane conductance regulator (CFTR) gene. The interim data was on 37 patients who were treated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ASA Staffing Index Highest Since 2008 Posted: 30 May 2012 01:44 PM PDT The American Staffing Association’s (ASA) Staffing Index for temporary employment activity rose to 94 last week, which was the highest index reading for Week 21 since 2008 when the index was also 94.  It’s just several points below the 96 index level for the comparable week in 2007.  It’s also the highest weekly reading so far this year, and 8% above its year earlier level.  The ASA Staffing Index has historically been a leading indicator for the overall labor market, and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks See Triple-digit Drop, Facebook Drops Again Posted: 30 May 2012 01:30 PM PDT 05/30/12 Stocks traded near session lows late Wednesday as growing worries over rising European bond yields and ongoing fears over Greece’s possible exit from the euro zone kept investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agilent Launches New Oscilloscope Posted: 30 May 2012 01:28 PM PDT Agilent Technologies Inc. (NYSE:A) launched the oscilloscope industry's first eye-diagram mask testing capability for the differential Controller Area Network serial bus. This device is used extensively for control and sensor monitoring in automotive applications and in a broad range of industrial and medical equipment applications. Oscilloscopes are used in various technical fields. First, they play an important role in the analysis of video quality in televisions and for monitoring vital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Newell Posted: 30 May 2012 01:28 PM PDT We maintain our long-term Neutral recommendation on Newell Rubbermaid Inc. (NYSE:NWL) with a target price of $20.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term Hold rating. Newell is one of the leading manufacturers of home and office products in the U.S. The company possesses a strong portfolio of well established brands, providing a competitive edge over its rivals. Newell Rubbermaid delivered better-than-expected first-quarter 2012 results on the heels of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FormFactor Raises Guidance Posted: 30 May 2012 01:28 PM PDT FormFactor Inc. (NASDAQ:FORM) increased its revenue guidance for the second quarter of 2012. Following the news, shares jumped 12.8% in after-hours trade. The company now expects sales of $50.0 million to $54.0 million, higher than its previous guidance range of $43.0 million to $47.0 million. Management increased its sales figure by $7 million on expectations of strong demand for its memory chip testing products for the computing market. According to the research firm Gartner, the semiconductor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On AES Corp. Posted: 30 May 2012 01:13 PM PDT We remain Neutral on The AES Corporation (NYSE:AES) given its focus on long-term supply contracts, exposing the company to commodity price risks and making it unable to pass on any escalation in prices of coal and natural gas to its customers. The company’s power generation portfolio is also skewed toward coal and gas, thereby increasing the burden of green investments. AES Corporation reported first quarter 2011 adjusted earnings per share (EPS) of 40 cents, above the Zacks Consensus EPS estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Healthways Retained At Neutral Posted: 30 May 2012 01:13 PM PDT We reiterate our Neutral rating for Healthways (NASDAQ:HWAY). The company reported first-quarter 2012 adjusted loss per share of 8 cents, falling short of the Zacks Consensus Estimate of breakeven earnings per share and lower than the year-ago earnings of 12 cents per share. Healthways sank into a loss in the quarter on account of negative factors such as loss of revenues from the CIGNA (NYSE:CI) contract, delay in implementation of the Caisse Nationale d'Assurance Maladie des Travailleurs Salaries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Solar Modules In Germany Posted: 30 May 2012 01:13 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) has delivered its solar modules for a photovoltaic plant in the German city of Dreieich-Buchschlag. The plant has a generation capacity of 8 megawatt (MW). Spread across an area of 153,000 square meters, the system supplies electricity to up to 2,000 homes in Dreieich. The plant has installed more than 40,000 Canadian Solar modules within a period of a few weeks. The solar park is operated by Rhein-Main Solarpark ("RMS") GmbH which is a joint venture of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed Puts MS Portfolio Shift On Hold Posted: 30 May 2012 01:13 PM PDT Morgan Stanley's (NYSE:MS) plans of moving a large portion of its $52 trillion derivatives portfolio to its subsidiary bank have been put on hold by the U.S. Federal Reserve. The company's decision to shift this huge amount comes in the wake of a possible credit downgrade by credit rating agency Moody’s Investor Service, a wing of Moody’s Corp. (NYSE:MCO). The Fed has not ruled out Morgan Stanley's appeal to transfer its derivative portfolio. However, under the Dodd-Frank financial reforms, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dell Suite Chosen By Grow Financial Posted: 30 May 2012 01:13 PM PDT Dell Inc. (NASDAQ:DELL) recently announced that Grow Financial, one of the leading credit unions, has deployed a host of its data center appliances. Detailed financial terms of the deal were not mentioned. Florida-based Grow Financial's Federal credit union is run by 500 employees across 18 locations. It manages an asset base of roughly $1.6 billion. A long-time Dell customer, Grow Financial has been deploying various consumer class and enterprise class products in order to efficiently manage its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Henry Schein Completes AUV Acquisition Posted: 30 May 2012 01:13 PM PDT Last week, Henry Schein (NASDAQ:HSIC) completed the acquisition of AUV Veterinary Services, the veterinary products distribution arm of the Netherlands-based AUV Group, for approximately $40 million. Products distributed by AUV Veterinary Services include pharmaceuticals, pet foods, small equipment and disposables.This transaction would strengthen Henry Schein's foothold in the European market and would fetch more than $2 billion in sales from global animal health. AUV Veterinary Services, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cattle Prices Struggle To Move Higher As European Woes Weigh On Commodities Posted: 30 May 2012 12:44 PM PDT Friday, May 25, 2012 Looking at the daily chart for August Live Cattle, we notice the “spike” bottom made on April 27th at 114.350. Given the current bullish fundamentals seen for Live Cattle, some traders who are bullish may perhaps wish to explore selling puts in August Live Cattle futures options with strike prices below the April 27th lows. For example, with August Live Cattle trading at 119.325 as of this writing, the August 114 puts could be sold for 1.325, or $530 per option, not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greece Leaving Euro A Mixed Bag For Gold Posted: 30 May 2012 12:44 PM PDT Tuesday, May 29, 2012 Many gold traders have been waiting for this day (Greece leaving the Euro) for some time. Oftentimes, the market still reacts sharply, even after the news has been priced in, but that appears not to be the case this time around, as the Gold market yawned off the news. From a currency standpoint, the news can be seen as negative for the Euro and Gold. From a defensive standpoint, there may be a flight to quality, which may benefit Gold. Some traders may perhaps wish to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Struggles To Hold Above $90 Posted: 30 May 2012 12:44 PM PDT Wednesday, May 30, 2012 Though the current trend in Oil prices seems to favor the bears, it can be difficult to become extremely bearish given the potential for disruptions in Oil production out of the Middle East and Northern Africa. Some traders who may be considering taking a bearish position in the short-term but who wish to have some upward protection should events turn in the Middle East may perhaps wish to explore a diagonal ratio spread in Crude Oil futures options. An example of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FAST: Revisited Posted: 30 May 2012 12:22 PM PDT When I get disgusted about the market, frustrated that everything seems to be moving so slowly and despondent when charts fail to deliver as they promised, I turn to some prior posts and revel in those prognostications that worked out.  … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Flame Worms Its Way On To Mideast Systems Posted: 30 May 2012 12:20 PM PDT 05/30/12 The United Nation’s International Telecommunication Union issued a warning on the Flame computer virus that has wormed its way onto systems in the Middle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MDT Resolute For Diabetic Patients Posted: 30 May 2012 12:07 PM PDT Studies have demonstrated that Medtronic's (NYSE:MDT) Resolute drug eluting stent ("DES") benefits patients suffering from coronary artery diseases ("CAD") with or without diabetes even after two years of follow-up. The Resolute Integrity stent had received approval from the US Food and Drug Administration ("FDA") in February 2012. With this approval Resolute became the first DES to be suitable for patients even with diabetes, a condition that complicates the treatment. The stent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Negotiates A Big 787 Order Posted: 30 May 2012 11:48 AM PDT As per a media report, international aerospace giant The Boeing Co. (NYSE:BA) is in talks with Indonesia based Lion Air for 10 '787 Dreamliners. The potential value of the deal is estimated at $2 billion. Boeing has a long relationship with Lion Air. The Indonesian carrier has till date primarily ordered for the 737 model for its fleet. Besides, the airliner was the launch customer for 737-900 Extended Range (ER) in June 2005 with an order for 30 airplanes. Up to now Lion Air has placed orders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Challenging Posted: 30 May 2012 11:44 AM PDT Cusick Corner The Euro cracked overnight and the equities broke on the open and now are challenging support. We could see a relief move into the After Hours but because of the worse than expected data and EU headlines, the bid attempts have been feeble and volume has been low. What has been interesting is that Gold has been holding up and I want to see resistance broken, $154 on GLD, which could be potentially positive for equities, S&Ps, and Euro currency, FXE. But we are still stuck in EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Taps Block Potential Posted: 30 May 2012 11:33 AM PDT Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) plans to carry on extensive exploration activities on block BM-C-33, south of the Campos basin. In early March, the company announced the discovery of hydrocarbon accumulation in the pre-salt layer in the block through the drilling of a well – 1-REPF-12D-RJS that is informally known as Pao de Acucar. The well was drilled about 121.2 miles from the coast of Rio de Janeiro State and at a water depth of 9,186.4 feet. Tests and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro To Focus On Entertainment Posted: 30 May 2012 11:13 AM PDT Hasbro Inc. (NYSE:HAS) appears all set to boost its Entertainment segment via Hasbro Studios for television and alliance with movie studios like Paramount, Universal Pictures, Sony and Relativity. Hasbro started the year on a positive note and will likely perform better in the coming quarters on a strong sales momentum from the 3D version of Star Wars, Battleship worldwide launch in April (with the U.S. launch in May), Avengers Assembled (May release) and Spiderman 4 (set to debut in July 2012). … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wells Fargo To Settle Race Lawsuit Posted: 30 May 2012 10:58 AM PDT Wells Fargo & Co. (NYSE:WFC) has agreed to settle a lawsuit by assuring over $432 million in lending as well as other investments in Memphis, Tennessee, according to a Reuters report. The lawsuit had accused the company of racially discriminatory practices in lending. Wells Fargo chalked out a five-year lending target of $425 million in Memphis and Shelby County including $125 million in loans for low- and moderate-income borrowers for buying homes. The company will also make contributions of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Multi-Year Deal Extension For CSC Posted: 30 May 2012 10:58 AM PDT Computer Sciences Corporation (NYSE:CSC) announced last week that it has been rewarded a service agreement extension by Safety Insurance Group. Financial details of the deal were kept confidential. Per the terms, the contract has been extended until 2021. Apart from maintaining service continuity, Computer Sciences will also upgrade the 'Exceed Billing' system, which is crucial for the smooth running of Safety Insurance. Exceed Billing simplifies the processing of insurance claims through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enterprise Lowered To Neutral Posted: 30 May 2012 10:57 AM PDT We have downgraded our recommendation for EnterpriseProducts Partners, L.P. (NYSE:EPD) to Neutral from Outperform following its first quarter earnings release. In spite of reporting decent numbers, the decrease in segmental gross margin and macro risks compelled the downgrade. Enterprise started the year on a positive note relating to all its segments, but for Petrochemical & Refined Product Services and Offshore Pipelines & Services. The gross margin of its Petrochemical & Refined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Keating: “Europe Crisis…unprecedented. Markets Can Whipsaw On Rumors” Posted: 30 May 2012 10:50 AM PDT 05/30/12 James E. Coffey Securities’ Gregory Keating talks Europe, US data and today’s reversal in the equity markets. Expectations for upcoming data and the month of June are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP To Resume Exploration In Libya Posted: 30 May 2012 10:37 AM PDT British energy major BP Plc (NYSE:BP) plans to resume its Libyan exploration operations, which were stalled last February due to civil unrest.  The restart of operations, however, depends on security conditions. BP has withdrawn the Force Majeure relating to its Libyan Exploration and Production Sharing Agreement (EPSA), which was signed with the state-owned National Oil Corporation. The deal came into effect on May 15, 2012. Force Majeure exempts both parties from any obligation to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TECO Energy Remains Neutral Posted: 30 May 2012 10:18 AM PDT We reiterate our Neutral recommendation on TECO Energy, Inc. (NYSE:TE). Several factors prompt us to retain our recommendation. The utility businesses primarily depend on weather patterns and TECO Energy is no exception. The demand for energy and gas is sensitive to unpredictable variations in weather conditions. Periods of volatile weather conditions not only dampen demand, but can cause interruptions in coal production or rail transportation, consequently leading to an increase cost of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Trades At 7-month Low Levels Posted: 30 May 2012 10:00 AM PDT 05/30/12 Front month crude prices continued to fall Wednesday afternoon as European financial stability concerns continue to keep investors away from higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, May 31, 2012 Posted: 30 May 2012 05:02 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Thursday, May 31, 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 111.23 + 0.33 111.00 110.89 Bullish BND – Vanguard Total Bond Market ETF 84.35 + 0.38 84.13 84.01 Bullish DBC – DB Commodity Index Tracking Fd 25.46 − 1.85 25.85 26.14 Bearish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, May 31, 2012 Posted: 30 May 2012 05:02 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Thursday, May 31, 2012 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 8.58 − 3.49 8.70 8.56 Neutral AXP – American Express Company 55.46 − 1.94 55.98 55.95 Bearish BA – Boeing Co 69.39 − 1.43 70.05 70.62 Bearish BAC – Bank of America Corporation 7.20 − 3.23 7.25 7.07 Neutral CAT – Caterpillar Inc 90.18 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, May 31, 2012 Posted: 30 May 2012 05:02 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Thursday, May 31, 2012 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 0.9707 − 1.42 0.9816 0.9793 Bearish EURUSD – Euro / US Dollar 1.2365 − 1.09 1.2495 1.2611 Bearish GBPUSD – British Pound / US Dollar 1.5479 − 1.04 1.5625 1.5713 Bearish USDCAD – US Dollar / Canadian Dollar 1.0300 + 0.76 1.0250 1.0251 Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, May 31, 2012 Posted: 30 May 2012 05:02 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Thursday, May 31, 2012 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Jun ESM2 1308.50 − 1.87 1321.42 1310.67 Bearish Dow Jones – Jun YMM2 12381 − 1.61 12487 12434 Bearish Nasdaq – Jun NQM2 2530.75 − 1.12 2540.75 2516.83 Neutral Russell – Jun TFM2 759.60 − 2.26 769.01 760.27 Bearish INTEREST RATES US T-Bond – Jun ZBM2 149-21 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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