Daily Markets - Financial News & Opinions

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• Treasuries Calm Before Non-Farm Payrolls Report
• Boeing Airplane Orders Down 61%
• Sprint Expands Boost Mobile Reach
• Physical Platinum ETF (PPLT), Palladium ETF (PALL) Launch
• Schwab To Slash Trading Fees
• Stock Market News Briefs: Bank Of America Corporation, Barclays PLC, Boeing Company (The), Citigroup Inc., Covidien Ltd., Edwards Lifesciences Corporation, Goldman Sachs Group, Inc. (The), J P Morgan Chase & Co, Marriot International, Morgan Stanley, Piper Jaffray Companies, Taiwan Semiconductor Manufacturing Company Limited, UBS AG, Apollo Group, Inc., Intel Corporation, Lawson Software, Inc., Telvent GIT, S.A.
• Swiss Franc: Bullish Bias Above 102
• Japanese Yen: The Upside Prevails
• British Pound: The Upside Prevails
• Euro: The Upside Prevails
• New Management Policy For PC
• Forex Trading: EURUSD Also Breaks Back Below Key Moving Average Support
• BLS: More Jobs Lost Than Expected
• JC Penney Sales Meet Guidance
• Forex Trading: GBPUSD Breaks Below Support At 1.6058/70 Area And Back Testing 100 And 200 Hr MA
• BlackRock’s Ten Predictions For 2010 And For The Next Decade
• Forex Trading: GBPUSD Tests 200 Day MA At 1.6096
• Forex Trading: USDCHF Tests 100 Day MA Level At 1.0290. Key Level
• Forex Trading: EURUSD Stops At 100 And 200 Hour MA Level. Watch The Level
• Forex Trading: GBPUSD Key Level To Watch Through The NFP 1.6012
• Forex Trading: EURUSD Key Support At The 200 Day MA Through The Number
• Mutual Funds: Top UBS Global Funds
• Mutual Funds: Top Real Estate Equity Funds
• Stock Buy: Goldcorp, Inc.
• Stock Buy: Ctrip.com International
• Stock Buy: TreeHouse Foods Inc.
• Bull Of The Day: Best Buy Co. (BBY)
• Bear Of The Day: Regency Centers (REG)

Treasuries Calm Before Non-Farm Payrolls Report Posted: 08 Jan 2010 07:17 AM PST Fundamentals Treasury futures have been quiet to start the New Year, as traders gear-up for this morning’s release of the Non-Farm Payrolls report for December. Market participants were caught off guard last month when the Labor department announced that “only” 11,000 jobs were lost in November, which was well below analysts’ estimates. In addition the unemployment rate actually fell to 10%, which helped to support the favorable NFP figures. This month, traders are looking for another moderate … [visit site to read more]

Boeing Airplane Orders Down 61% Posted: 08 Jan 2010 07:00 AM PST Boeing Company (BA) announced that in fiscal 2009 its commercial airplane order booking tumbled 61% to only 263 gross orders compared to 662 in fiscal 2008. However, hit by the recession a number of customers either cancelled or deferred their orders, bringing down the net order to a paltry 142. The pain is expected to be shared by Boeing's European competitor Airbus also who will release its numbers on Jan 12, 2010.  Boeing on the other hand, witnessed its commercial airplane … [visit site to read more]

Sprint Expands Boost Mobile Reach Posted: 08 Jan 2010 01:45 AM PST Sprint Nextel (S) has reportedly expanded the coverage of its Boost Mobile prepaid subsidiary across all of its wireless network platforms. Boost Mobile will offer its popular $50 monthly unlimited calling plan to all new and existing prepaid subscribers on the carrier's own branded CDMA wireless network starting Jan 13, 2010. Previously, the company had restricted this service to customers who are on Nextel's iDEN wireless network.  Moreover, Sprint has announced that it will sell … [visit site to read more]

Physical Platinum ETF (PPLT), Palladium ETF (PALL) Launch Posted: 08 Jan 2010 06:35 AM PST After weeks of anticipation, the first ETFs offering U.S. investors exposure to Platinum Group Metals (PGMs) launched on Friday, as London-based ETF Securities (ETFS) introduced the ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL). These funds bring the total number of U.S.-listed ETFs from ETFS to four, joining gold and silver ETFs launched last year. While physically-backed platinum and palladium ETFs have been available in Europe for some time, bringing … [visit site to read more]

Schwab To Slash Trading Fees Posted: 08 Jan 2010 01:30 AM PST In an effort to grab more investments from customers, The Charles Schwab Corp. (SCHW) said on Thursday that it will cut trading fees 31% to a flat $8.95 for its smaller clients starting Jan 19, 2010.  The new fees will be applicable to Schwab's investors with accounts of less than $1 million and who execute fewer than 120 trades in a year. Previously, these smaller investors had paid $12.95 per trade plus charges for trades larger than 1,000 shares. The change in trading fees could … [visit site to read more]

Stock Market News Briefs: Bank Of America Corporation, Barclays PLC, Boeing Company (The), Citigroup Inc., Covidien Ltd., Edwards Lifesciences Corporation, Goldman Sachs Group, Inc. (The), J P Morgan Chase & Co, Marriot International, Morgan Stanley, Piper Jaffray Companies, Taiwan Semiconductor Manufacturing Company Limited, UBS AG, Apollo Group, Inc., Intel Corporation, Lawson Software, Inc., Telvent GIT, S.A. Posted: 08 Jan 2010 01:20 AM PST  UBS (UBS) upgraded Barclays (BCS) to “buy” from “neutral”  Macquarie downgraded Boeing (BA) shares to “neutral” from “outperform.”  The company had risen to a 52-week high in yesterday’s trade on improving passenger prospects for airlines  TSMC (TSM), the largest contract chipmaker, advised its December sales more than doubled from a year ago, pointing to a strong 2010 as new computers and other high-tech devices stimulate demand  Marriott … [visit site to read more]

Swiss Franc: Bullish Bias Above 102 Posted: 08 Jan 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Upside Prevails Posted: 08 Jan 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

British Pound: The Upside Prevails Posted: 08 Jan 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Euro: The Upside Prevails Posted: 08 Jan 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

New Management Policy For PC Posted: 08 Jan 2010 01:15 AM PST Panasonic Corp. (PC) released its new management policy for fiscal 2011, ending March 31, 2011. Under the new policy, the company will integrate SANYO Electric Co., Ltd. into the new Panasonic Group. Panasonic will benefit from SANYO's acquisition as the latter is a key player in the solar cells and rechargeable batteries markets and has strong businesses in industrial equipment and devices.  The acquisition will leverage Panasonic's group synergies. Panasonic will expand its solar … [visit site to read more]

Forex Trading: EURUSD Also Breaks Back Below Key Moving Average Support Posted: 08 Jan 2010 06:01 AM PST The EURUSD has also moved back lower - falling below the support at the 100 hour MA at the 1.4373 level and the midpoint of the recent high low range at the 1.4350 level.  The talk is that there may have been a harshweather effect that caused the NFP to be lower by about 112k jobs (Construction, service, etc) The idea is this should come in next month (assuming the weather normalises). Now with the price below the above support levels, the bias is back to bearish.  Support comes in … [visit site to read more]

BLS: More Jobs Lost Than Expected Posted: 08 Jan 2010 06:01 AM PST The much-awaited Bureau of Labor Statistics (BLS) monthly employment report this morning brought something of a negative surprise: 85,000 jobs appear to have been lost in the U.S. during the month of December. This is higher than the consensus expectation of 40,000-50,000 jobs lost in the month, and disappointing after a net gain of 4,000 non-farm payroll jobs in November (which was revised from an initial 11,000 jobs lost figure). The unemployment rate is within the consensus range at 10.0% … [visit site to read more]

JC Penney Sales Meet Guidance Posted: 08 Jan 2010 01:00 AM PST JC Penney Company, Inc. (JCP) recently reported sales results for December. The company's comparable store sales for December dipped 3.8% compared to an 8.1% decline in the same month last year, but remained well within the guidance range of a 3% to 6% decline predicted earlier. Year-to-date comps slid 6.5% compared to a fall of 8% posted in the same period last year.  Although the rate of decline in comps decelerated in December, after declining 5.9% in November, the company warned … [visit site to read more]

Forex Trading: GBPUSD Breaks Below Support At 1.6058/70 Area And Back Testing 100 And 200 Hr MA Posted: 08 Jan 2010 12:47 AM PST The GBBPUSD broke through the support level from the prior post after testing the 200 day MA key resistance level and have moved back down to the next support level against the 100 and 200 hour MA.  Look for profit taking buyers against the level, but the correction lower takes steam out of the initial spike … [visit site to read more]

BlackRock’s Ten Predictions For 2010 And For The Next Decade Posted: 08 Jan 2010 05:01 AM PST BlackRock, Inc. (BLK) Vice Chairman Bob Doll has been putting out annual predictions for 15 years.  Doll, who helps oversee about $3.2 trillion at BlackRock, the world’s biggest asset manager, just released his ten predictions for 2010 and for the next ten years.  Eleven of the twelve predictions he made for 2009 were right.  Below are Highlights of his latest market forecasts. In general, Doll believes U.S. stocks will outperform cash, Treasuries and other developed … [visit site to read more]

Forex Trading: GBPUSD Tests 200 Day MA At 1.6096 Posted: 08 Jan 2010 04:54 AM PST The GBPUSD has continued the move higher and is testing the 200 day MA at the 1.6096.  This is another key level to be aware of today. A move above should continue the bullish trading bias.  Support now comes in at the 1.6060/70 … [visit site to read more]

Forex Trading: USDCHF Tests 100 Day MA Level At 1.0290. Key Level Posted: 07 Jan 2010 11:43 PM PST The USDCHF is back down testing the 100 day MA at the 1.0290 level. A move below the level should be bearish for the pair and lead to additional selling. On the topside, look for resistance at the 1.0297 which was the 61.8% retracement of the last move higher and 1.0313 which is the 50% retracement level in the pair. I would not expect a rebound above these levels if the bearish bias is to continue to trend … [visit site to read more]

Forex Trading: EURUSD Stops At 100 And 200 Hour MA Level. Watch The Level Posted: 07 Jan 2010 11:37 PM PST The EURUSD pushed higher and stalled initially at the 100 and 200 hour MA at the 1.4373 area. This is a key level. A move above should lead to higher levels. Watch support at 1.4350 and below that at the 1.4334. The price should not go below this … [visit site to read more]

Forex Trading: GBPUSD Key Level To Watch Through The NFP 1.6012 Posted: 07 Jan 2010 11:19 PM PST The 100 and 200 hour MA are converged at the 1.6012.  We will watch this level through the number.  The bias is bullish if the price moves above and bearish if the price moves lower away from the value.  Look for retracements on breaks but know the risk/stop levels as risk and volatility … [visit site to read more]

Forex Trading: EURUSD Key Support At The 200 Day MA Through The Number Posted: 08 Jan 2010 04:11 AM PST The market will be focused on the 200 day MA at the 1.4242 through the number. On the topside, watch 1.4373. This is the 100 hour MA.  Those are the key levels to watch through after the number. A move above the 1.4373 level should be bullish. A move below 1.4242 should continue the bearish … [visit site to read more]

Mutual Funds: Top UBS Global Funds Posted: 07 Jan 2010 05:38 PM PST UBS PACE Intl Emerging Mkts Eq A (PWEAX) seeks long-term capital appreciation. It was incepted in December 2000. The fund normally invests at least 80% of its net assets in equity securities that are tied economically to emerging market countries. Such investments may include equity securities issued by companies domiciled in emerging market countries. It may not always diversify its investments on a geographic basis among emerging market countries. The fund may invest, to a limited extent, in … [visit site to read more]

Mutual Funds: Top Real Estate Equity Funds Posted: 07 Jan 2010 05:18 PM PST Today we are featuring top-performing "Real Estate” equity mutual funds, which primarily invest in equity securities of real estate companies. Investors can find such real estate funds by checking out the entire list of the Zacks #1 Rank Real Estate Equity Funds. 3 Great Real Estate Picks MSIF Inc. Euro Real Estate A (MSUAX) seeks to provide current income and long-term capital appreciation. It was incepted in October 1997. The real estate fund invests primarily in equity securities of … [visit site to read more]

Stock Buy: Goldcorp, Inc. Posted: 07 Jan 2010 04:00 PM PST Goldcorp, Inc. (GG) is producing steady gains on increased production, rising gold prices and higher estimates. Company Description Goldcorp. Inc., together with its subsidiaries, operates as an explorer and developer of precious metal properties in Canada, the United States, Mexico and Central and South America. The company was founded 1954 and has a market cap of $30.5 billion. Shares of GG have been steadily gaining for most of the last year on the strength of a global economic recovery … [visit site to read more]

Stock Buy: Ctrip.com International Posted: 07 Jan 2010 04:00 PM PST Ctrip.com International, Ltd. (CTRO) recently set a new 52-week high as people are returning to normal vacation habits. Company Description Ctrip.com is a Chinese travel web site that offers discounted flights, hotels, and travel packages, similar to Orbitz or Travelocity. 47% Jump in Revenue Ctrip.com reported third-quarter revenue of $80 million on Nov 11, which is up 47% on a year-over-year basis. Net income came in at $32 million, up 59%. Earnings per share was an impressive 39 cents, … [visit site to read more]

Stock Buy: TreeHouse Foods Inc. Posted: 07 Jan 2010 04:00 PM PST TreeHouse Foods Inc. (THS) recently announced it was acquiring Sturm Foods, a 105-year old Wisconsin food manufacturer, which will result in over 16% accretion on an annual basis. THS also raised 2009 earnings guidance. Company Description TreeHouse Foods manufacturers various food products including canned soup, salad dressings and sauces, salsa and Mexican sauces, infant feeding formulas and liquid non-dairy creamer. It is the largest manufacturer of pickles and non-dairy powdered creamer … [visit site to read more]

Bull Of The Day: Best Buy Co. (BBY) Posted: 07 Jan 2010 04:00 PM PST The dominant position in the consumer electronic business enables Best Buy (BBY) to sustain growth in its topline, expand its store base and boost its market share through acquisitions. The stores tailor their store merchandising, staffing, marketing and presentation to meet the distinct needs of targeted customers. The company’s wide array of assortments, store formats and brand marketing strategies provides an edge over competitors. These helped Best Buy to post better-than-expected … [visit site to read more]

Bear Of The Day: Regency Centers (REG) Posted: 07 Jan 2010 04:00 PM PST We are changing our long-term recommendation for Regency Centers (REG) to Underperform as we anticipate it to perform well below the broader market. The prolonged recession has led to increased tenant bankruptcies, which in turn have led to a decline in occupancy and an increase in vacancy rates. In addition, consumer discretionary spending continues to be under severe stress with a reduction in disposable income. However, Regency is one of the largest retail-strip format REITs in the U.S. … [visit site to read more]

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