Daily Markets - Financial News & Opinions |
- You Gotta Love Mondays: S&P 500 Index Up 14 Of 16 Last Mondays
- Swiss Franc: Rebound In Sight
- Australian Dollar: The Bias Remains Bullish
- Canadian Dollar: Caution
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- NY Times To Charge Web Readers
- Forex Trading: GBPUSD Tests Target At 1.6377. The 1.6380-86 Risk.
- Forex Trading: USDCAD Falls Back Down From Post Rate Move Higher
- China Invests Billions On 3G
- Forex Trading: EURUSD Bounces. Should Be Positive For The Pair.
- Small Business Lending Shrinks $1B
- Forex Trading: GBPUSD Holds Topside Resistance But Supported Below Too
- Kraft: Cadbury Accepts Final Offer
- Stock Market News Briefs: AK Steel Holding Corporation, Cadbury PLC, Credit Suisse Group, Deutsche Bank AG, Goodyear Tire & Rubber Company (The), Kraft Foods Inc., McDonald’s Corporation, Parker-Hannifin Corporation, Tyco International, Ltd., USX Corporation, Apple Inc.
- Stock Picks For 19 January
- Forex Trading: USDJPY Tests 100 Day MA/38.2% Retracement Target And Bounces.
- ETF Update: When System And Reason Diverge
- Forex Trading: GBPUSDs Big Reversal. Back Down Testing 100 Day Moving Average At 1.6310 And Other Support
- Forex Trading: EURUSD Tests 200 Day Moving Average At 1.4281. Key Level.
- Mutual Funds: Top Convertible Fixed Income Funds
- Stock Buy: Guess?, Inc
- Stock Buy: La-Z-Boy Inc.
- Bear Of The Day: Jacobs Engineering (JEC)
- Bull Of The Day: Applied Materials, Inc. (AMAT)
- Stock Buy: RPM International
- Stock Buy: E-House China Holdings
| You Gotta Love Mondays: S&P 500 Index Up 14 Of 16 Last Mondays Posted: 19 Jan 2010 07:45 AM PST Call it the “Bull Market Monday” syndrome. In fact, if weren’t for the last month and a half of Mondays, the U.S. stock market would be a very dour place right now. Since the start of the 2009 fourth quarter, the Standard & Poor’s 500 Index has posted positive returns on 14 of the last 16 Mondays, with an average gain of 0.85% on that first day of the week (See accompanying graphic), the Bespoke Investment Group said in a research report last week. However, since the start of … [visit site to read more]
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| Posted: 19 Jan 2010 07:18 AM PST |
| Australian Dollar: The Bias Remains Bullish Posted: 19 Jan 2010 07:18 AM PST |
| Posted: 19 Jan 2010 07:18 AM PST |
| Japanese Yen: The Upside Prevails Posted: 19 Jan 2010 07:18 AM PST |
| British Pound: The Upside Prevails Posted: 19 Jan 2010 07:18 AM PST |
| Posted: 19 Jan 2010 07:17 AM PST |
| NY Times To Charge Web Readers Posted: 19 Jan 2010 07:00 AM PST The New York Times Company (NYT) may soon be charging readers for its online content, which will bring the media conglomerate at par with the Wall Street Journal and the Financial Times. In an effort to offset declining revenue and a shrinking market share, publishing companies are now considering charging readers for online content. This comes in the wake of a longer-term secular decline as more readers choose to read news free online, thereby making the print-advertising model … [visit site to read more]
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| Forex Trading: GBPUSD Tests Target At 1.6377. The 1.6380-86 Risk. Posted: 19 Jan 2010 06:58 AM PST
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| Forex Trading: USDCAD Falls Back Down From Post Rate Move Higher Posted: 19 Jan 2010 06:51 AM PST The USDCAD is back below the 200 hour MA but has support not far behind against the 1.0291 old floor and the 100 hour MA at the 1.0282 … [visit site to read more]
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| Posted: 19 Jan 2010 06:45 AM PST China's big three telecom carriers China Mobile (CHL), China Unicom (CHU) and China Telecom (CHA) have invested RMB160.9 billion (US$23.8 billion) on 3G networks in 2009, according to the Ministry of Industry and Information Technology ("MIIT”) of China. MIIT also reported that the operators constructed 325,000 3G base stations last year. China Mobile has built 87,000 3G base stations in 2009 and targets at least 70,000 3G cell towers in 2010. MIIT anticipates that China's … [visit site to read more]
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| Forex Trading: EURUSD Bounces. Should Be Positive For The Pair. Posted: 19 Jan 2010 06:42 AM PST The EURUSD broke through the 200 day MA but could not get through the low from janaury 8th at 1.4263 nor the low from January 4th at 1.4257. The price has pushed back above the 200 day MA level at the 1.4281 level. Look for buyers on dips now, with stops beloow 1.4281. The topside targets 1.4319 (see chart … [visit site to read more]
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| Small Business Lending Shrinks $1B Posted: 19 Jan 2010 06:30 AM PST According to a report released by the Treasury late last Friday, major banks have cut small business lending by $1 billion in November. This marks the seventh straight month of decline in small business lending. The banks’ total lending dropped 4.6% in that seven-month period, to $256.8 billion. Following the Treasury's requirement of filing monthly reports, the 22 banks that received the majority of government aid have slashed their small business lending balances by $12.5 billion … [visit site to read more]
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| Forex Trading: GBPUSD Holds Topside Resistance But Supported Below Too Posted: 19 Jan 2010 06:29 AM PST The correction off the key support at the 1.6308-10 area (see prior post), led to a move to the topside resistance at the 1.6354 level (50% of the move down from the November high - see prior post for the chart). The price is now looking to test the key level once again. A move above will likely lead to further upside momentum with the next target being 1.6377 which was the high from yesterday and the 100 bar MA (blue line in chart above) at the 1.6383 currently but coming … [visit site to read more]
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| Kraft: Cadbury Accepts Final Offer Posted: 19 Jan 2010 06:15 AM PST Kraft Foods (KFT) announced that Cadbury PLC has accepted its final offer, which values Cadbury at £11.7 billion ($19 billion) or 850 pence per share (approximately $13.86 per share). As per the offer, Cadbury shareholders will receive 500 pence (about $8.15) in cash and 0.1874 New Kraft Foods shares for each share of the UK confectioner. In addition, Cadbury shareholders will receive 10 pence per Cadbury share in the form of a special dividend. Kraft had first proposed a … [visit site to read more]
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| Posted: 19 Jan 2010 06:07 AM PST After months of wrangling over price, Kraft (KFT) raised its bid to $19.5 billion and Cadbury's (CBY) board recommended its acceptance Tyco (TYC) plans to buy Brink’s Home Security (CFL) for $2 billion, with Tyco paying $42.50 in cash and stock Tyco (TYC) yesterday noted its business performance better-than-anticipated during the recent quarter, and now expects earnings of 61-63 cents, or 63-65 cents ex-items. Although order flow remains “relatively flat,” the … [visit site to read more]
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| Posted: 19 Jan 2010 05:15 AM PST Stocks to Watch : (CIEN) - Ciena - Takeover rumors persist. The short interest decreased 5% to 16,427,700 shares from 17,314,500 indicating that bears are covering their positions, buying back . (TLAB) - Tellab’s short interest dropped 24% over the last month. Tellabs is expected to earn $0.07 per share. I`m playing on the long side since $5.85. There is an active bullish flag on the daily chart. Keep an eye on TLAB. (HEB) - Hemispherx BioPharma appears to be pulling … [visit site to read more]
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| Forex Trading: USDJPY Tests 100 Day MA/38.2% Retracement Target And Bounces. Posted: 19 Jan 2010 05:13 AM PST The USDJPY found support against the 38.2% retracement of the pairs move higher from the November low to the December high at the 90.34 level and also found support buyers near the the 100 day MA at the 90.41. The low today reached 90.30 for the day, but the low was shortlived and the failure to develop downside momentum gave the profit takers and buyers a reason to buy with a low risk stop on a new low. The move back higher took the pair all the … [visit site to read more]
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| ETF Update: When System And Reason Diverge Posted: 19 Jan 2010 05:01 AM PST Anyone who has ever traded using a system has experienced the following situation: The model has a recommendation. You think it is stupid. Should you follow the model, or follow your own judgment. In developing our models we addressed this problem using a lot of experience. We knew that traders using our models took the system trade as “advice.” Then they made their own decision. Taking that approach is not following a model. We discovered that traders could take a … [visit site to read more]
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| Posted: 19 Jan 2010 04:47 AM PST The GBPUSD moved higher earlier today on Kraft/Cadbury merger agreement and the much higher than expected CPI. However, the market started to reverse and the sharp fall has taken the pair back toward the support at the 100 day MA which is currently at the 1.6310 (see chart above). There is also a trendline support line which comes in off the hourly chart at 1.6303 currently, and finally the 100 hour MA off the same chart (blue line above)at 1.6308.
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| Forex Trading: EURUSD Tests 200 Day Moving Average At 1.4281. Key Level. Posted: 19 Jan 2010 04:26 AM PST The EURUSD has been hit hard today on the back of the worse than expected ZEW data out of Germany and the EUROZONE. The move has taken the pair down to test the 200 day moving average at the 1.4281 level.
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| Mutual Funds: Top Convertible Fixed Income Funds Posted: 18 Jan 2010 10:20 PM PST Today we are featuring top-performing "Convertible” fixed income mutual funds, which primarily invest in convertible securities in search of growth and/or income because convertible securities provide protection against market fluctuations, while providing a steady income stream. However, these securities are often rather expensive and difficult for the average and beginning investor to purchase. Mutual funds, however, offer easier access to these instruments since they require lower minimum … [visit site to read more]
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| Posted: 18 Jan 2010 09:00 PM PST Guess?, Inc. (GES) continues to see bullish earnings forecasts. The current full-year Zacks Consensus Estimate of $2.50 per share is up from $2.18 over the past 3 months. For the following year, analysts polled by Zacks are calling for earnings of $2.85 per share, versus the 3 months-ago level of $2.48.
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| Posted: 18 Jan 2010 09:00 PM PST La Z Boy Inc. (LZB) recently rebounded from a dip lower to move back within striking distance of the 52-week high at $11.07. Shares have been rallying since mid November when the company reported better than expected Q3 results.
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| Bear Of The Day: Jacobs Engineering (JEC) Posted: 18 Jan 2010 09:00 PM PST Jacobs Engineering Group Inc. (JEC) is one of the leading providers of professional, technical, and construction services to industrial, commercial and governmental clients. Jacobs’ ongoing acquisition strategy will help it to strengthen its position in the future.
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| Bull Of The Day: Applied Materials, Inc. (AMAT) Posted: 18 Jan 2010 09:00 PM PST Applied Materials (AMAT) is one of the world’s largest suppliers of fabrication equipment to semiconductor, LCD and solar PV cell manufacturers. Applied’s leading market position, strength in China, improving trends across all served end markets, innovative R&D capabilities, management execution and solid financials makes us optimistic about the stock.
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| Posted: 18 Jan 2010 09:00 PM PST RPM International (RPM) just posted another earnings surprise on surging profits. Analysts have been quick to raise estimates for the rapidly growing company.
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| Stock Buy: E-House China Holdings Posted: 18 Jan 2010 09:00 PM PST E-House China Holdings (EJ) is cashing in on China’s super hot housing market as fourth quarter revenue is expected to jump more than 160%. The stock has attractive valuations. E-House is trading at just 11.6x forward earnings.
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