Daily Markets - Financial News & Opinions |
- MetroPCS Slips On Glum Outlook
- ATS Medical Raises Expectations
- BofA Reshuffles Top Management
- Projections For The S&P 500
- Stock Market News Briefs: Aetna Inc., Credit Suisse Group, Deutsche Bank AG, Merck & Company, Inc., Morgan Stanley, Piper Jaffray Companies, United Parcel Service, Inc., Baidu.com, Inc., Google Inc., Intel Corporation
- 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
- Tiffany Boosts Outlook
- Google Out Of China?
- Fed Paid $46.1B To Treasury In 2009
- Stocks To Watch On Wednesday 13 January
- Forex Trading: USDCAD Tests Support After Holding Key Resistance At 1.0405/15
- iShares Launches First-Of-Their-Kind Municipal Bond ETFs
- Forex Trading: EURUSD Tests 38.2% Resistance At 1.4571
- Forex Trading: GBPUSD Approaches Key Technical Resistance At 1.6309. Looking For Profit Taking Sellers.
- India Stock Market: Sensex Up 87 Points On Wednesday
- Indian Stock Market: Sensex Up 87.29 Points On Wednesday
- Mutual Funds: Top Allianz Funds
- Mutual Funds: Top Diversified Bond Funds
- Stock Buy: Tiffany & Co.
- Bull Of The Day: NTT DoCoMo (DCM)
- Stock Buy: Select Comfort Corp
- Bear Of The Day: MBIA, Inc. (MBI)
- Stock Buy: Urban Outfitters
- Stock Buy: Corning Inc.
| MetroPCS Slips On Glum Outlook Posted: 13 Jan 2010 07:00 AM PST Shares of MetroPCS (PCS) slipped after the carrier reported lower subscriber growth for the fourth quarter and cut its margin outlook for 2010. The company has also revamped its prepaid wireless service plans to counter stiff competition in the low-cost unlimited prepaid wireless market. MetroPCS' new family of nationwide unlimited (voice, text and data) service plans includes four all-inclusive month plans ranging $40 to $60 per month. The revised service plans (called "Wireless … [visit site to read more]
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| ATS Medical Raises Expectations Posted: 13 Jan 2010 06:45 AM PST ATS Medical, Inc. (ATSI) reported preliminary results for the fourth quarter and full fiscal 2009. The company expects total revenues in the fourth quarter in the range of $18.4 million to $18.8 million, an increase of 2% to 4% over the fourth quarter of 2008. Full fiscal 2009 revenues are expected between $75.4 million and $75.8 million, an increase of roughly 15% year over year. However, expected annual revenues are lower than ATS Medical's previous guidance of $77.0 million to … [visit site to read more]
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| BofA Reshuffles Top Management Posted: 13 Jan 2010 06:30 AM PST In an effort to stabilize its executive team after experiencing a slump caused by the recession, Bank of America Corp.'s (BAC) new CEO Brian Moynihan announced a management shake-up on Tuesday, less than two weeks after succeeding former CEO Kenneth Lewis. BofA last made senior management changes in Aug 2009, when the previous CEO Kenneth Lewis announced his intention to retire on Dec 31. The new arrangement will see BofA's Chief Financial Officer (CFO) Joe Price become President … [visit site to read more]
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| Posted: 13 Jan 2010 06:21 AM PST I like to think about projections, thoughts about where possible turning points in the market could be and then look back later to determine if I was right or wrong. For the above projection I ran a 5 year linnear regression trend line and measured the height above the trendline that the move in the markets from 2003-2007 made. I considered the height of that move above the trendline as the distance of the move. My rationale, being that the market is like a rubber band. It … [visit site to read more]
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| Posted: 13 Jan 2010 06:20 AM PST Aetna (AET) forecast “modestly lower” 2010 earnings from last years’ adjusted $2.75 per share Google (GOOG) reported a “highly sophisticated and targeted attack,” and warned it plans to end censorship of its China search service. Some reports suggested the company could shutter its operations in the country. Deutsche Bank (DB) responded to the news with a Baidu (BIDU) upgrade and a price target of $408 Morgan Stanley (MS) downgraded Royal Dutch … [visit site to read more]
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| Posted: 13 Jan 2010 06:18 AM PST |
| Australian Dollar: The Bias Remains Bullish Posted: 13 Jan 2010 06:18 AM PST |
| Posted: 13 Jan 2010 06:17 AM PST |
| Japanese Yen: The Upside Prevails Posted: 13 Jan 2010 06:17 AM PST |
| British Pound: The Upside Prevails Posted: 13 Jan 2010 06:17 AM PST |
| Posted: 13 Jan 2010 06:17 AM PST |
| Posted: 13 Jan 2010 06:15 AM PST With shoppers loosening their purse strings for luxury items, such as jewelry, this holiday season, the high-end retailers – Tiffany & Company (TIF) and Signet Jewelers Limited (SIG) witnessed rising sales. The companies have been grappling with the recession as consumers have cut down on their discretionary spending in the wake of a faltering economy and focused more on necessities. The stronger-than-expected holiday sales, and the signs of recovery in the ailing luxury … [visit site to read more]
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| Posted: 13 Jan 2010 06:00 AM PST Google Inc. (GOOG) has publicly stated that it is considering pulling out of the fast-growing Chinese market. The statement was made as a result of an investigation over several weeks into China's Internet censorship system that revealed a systematic and targeted hacking into Google's corporate infrastructure. Google stated that the hacking resulted in theft of intellectual property (IP) and compromised gmail accounts related to human rights activists located both within and … [visit site to read more]
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| Fed Paid $46.1B To Treasury In 2009 Posted: 13 Jan 2010 05:45 AM PST The Federal Reserve paid a record $46.1 billion in profits for 2009 to the U.S. Treasury as the central bank earned a record net income of $52.1 billion, up 46.8% year-over-year by exposing taxpayer money to risk in an effort to stabilize the financial system last year. The payment represents an increase of $14.4 billion from the Treasury's contribution in 2008 and is the largest since the U.S. central bank was launched in 1914. The increase was largely due to higher earnings on … [visit site to read more]
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| Stocks To Watch On Wednesday 13 January Posted: 13 Jan 2010 05:30 AM PST ( click to enlarge ) (JDSU) has a pretty nice looking chart here pulling back to converging support. The 30-day moving average at $8.14 should contain this pullback. The technical daily chart shows very strong upward momentum as the stock is above the 50 day moving average with both 50 day and 200 day moving average going up. In addition MACD also shows very bullish sign. Smart buyers will use this pullback to buy the stock. ( click to enlarge ) As long as INTC holds above the $20.59 … [visit site to read more]
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| Forex Trading: USDCAD Tests Support After Holding Key Resistance At 1.0405/15 Posted: 13 Jan 2010 05:15 AM PST As per the comment yesterday, the USDCAD held resistance at the 1.0405/15 level (see prior post here) and moved lower. The price is now down testing the 100 hour moving average at the 1.0335 level. The price has slowed at the level but pressure remains. The next downside target comes in at the 1.0291 where a price floor was established on Jan 7th and 8th before breaking down on January 11th. The move back higher used the … [visit site to read more]
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| iShares Launches First-Of-Their-Kind Municipal Bond ETFs Posted: 13 Jan 2010 05:01 AM PST iShares has launched a line of what’s being billed as the first muni bond exchange traded funds (ETFs) that self-liquidate on their specified target date. Target dates range from 2012 to 2017. iShares has launched the iShares S&P AMT-Free Municipal Series which contain six ETFs that range in maturity from 2012-2017. Each of the funds in the series is structured as an open-end fund holding AMT-free, investment-grade, and non-callable municipal bonds, says Invest With An Edge on … [visit site to read more]
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| Forex Trading: EURUSD Tests 38.2% Resistance At 1.4571 Posted: 13 Jan 2010 04:11 AM PST The EURUSD is up testing the 38.2% retracement of the move down from the November high of 1.5144 and the December low of 1.4217. The level comes in at the 1.4571 price. A break above would next target the low from November at the 1.4626 level and above that the 100 day moving average at the 1.4680 level.
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| Posted: 13 Jan 2010 03:43 AM PST The GBPUSD is approaching the key 100 day moving average at the 1.6309 level (high reached 1.6293 today. SEE POST outling target level from yesterday). The GBPUSD has been supported today by a comment from BOE Andrew Sentance who said the central bank may have to raise rates in 2010. This increases the demand for the currency.
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| India Stock Market: Sensex Up 87 Points On Wednesday Posted: 13 Jan 2010 03:41 AM PST Sensex rose 87.29 points or 0.08 to 17509.80 Of 13 BSE Sectoral indices, 9 posted gains. Sensex Day’s Range: 17776.57 - 1750.79 Nifty 52-Wk Range: 5310.85 - 2539.45 Sensex gainers included ACC +5.3%, TCS … [visit site to read more]
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| Indian Stock Market: Sensex Up 87.29 Points On Wednesday Posted: 13 Jan 2010 03:30 AM PST Sensex rose 87.29 points or 0.5 to 17509.80 Of 13 BSE Sectoral indices, 9 posted gains. Sensex Day’s Range: 17776.57 - 1750.79 Sensex gainers included ACC +5.3%, TCS … [visit site to read more]
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| Mutual Funds: Top Allianz Funds Posted: 12 Jan 2010 10:32 PM PST In our Best of Funds Family series, we are focusing today on funds from Allianz Global Investors, ranked among the top five asset management companies in the world, with more than $1.4 trillion under management for its clients worldwide. We are spotlighting three types of funds here; an aggressive growth equity fund, a balanced asset allocation fund and a Pacific-region focused equities fund.
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| Mutual Funds: Top Diversified Bond Funds Posted: 12 Jan 2010 10:15 PM PST Today we are featuring top-performing "Diversified Bond” fixed-income mutual funds, because they protect investors by diversifying across sectors. This approach ensures that any negative fluctuation in a sector only has a slight overall effect on the fund – and its investors, since various sectors of the bond market react differently to changes in the economy and interest rates.These funds thus pursue total return as well as income by investing in a variety of bonds, including corporate, … [visit site to read more]
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| Posted: 12 Jan 2010 09:00 PM PST Tiffany & Co. (TIF) hiked its outlook on a 17% jump in holiday sales. The company now expects full-year earnings to range between $2.07 - $2.12 per share, versus the previous guidance range of $1.88 - $1.98.
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| Bull Of The Day: NTT DoCoMo (DCM) Posted: 12 Jan 2010 09:00 PM PST We maintain an Outperform rating for NTT DoCoMo (DCM), the largest mobile service provider in Japan. The company currently maintains a leading 50% share of the Japanese wireless market.
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| Stock Buy: Select Comfort Corp Posted: 12 Jan 2010 09:00 PM PST Select Comfort Corp. (SCSS) recently hit a new multi-year high above $7 on strong Q3 results from October and an ongoing commitment to respond to the challenging consumer environment.
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| Bear Of The Day: MBIA, Inc. (MBI) Posted: 12 Jan 2010 09:00 PM PST We are downgrading our recommendation on the shares of MBIA Inc. (MBI) to Underperform as macroeconomic conditions continue to contribute to losses on the company’s structured finance products.
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| Posted: 12 Jan 2010 09:00 PM PST Urban Outfitters (URBN) analysts continue to raise forecasts on record holiday sales. Shares of URBN continue on a bullish run and may have formed a good entry point.
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| Posted: 12 Jan 2010 09:00 PM PST Corning Inc. (GLW) expects strong sales of LCD televisions to continue into 2010. As a result, estimates are rising going into the fourth quarter earnings report scheduled for Jan 26. Corning has a price-to-book ratio of 2.12.
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