Daily Markets - Financial News & Opinions |
- Swiss Franc: Bullish Bias Above 102
- Japanese Yen: The Upside Prevails
- British Pound: Continuation Of The Rebound
- Euro: The Upside Prevails
- Will The Loonie Move To Parity With The Greenback?
- Ten ETF Stats That Will Shock You
- Financial Federal Upgraded
- Initiating Eni At Neutral
- Commerce Bancshares Lowered
- Family Dollar Earnings Surge
- Glaxo Gains Positive EU Opinion
- Stock Market News Briefs: 3M Company, American Express Company, Barclays PLC, Beazer Homes USA, Inc., Chubb Corporation (The), Dow Chemical Company (The), Family Dollar Stores, Inc., Goldman Sachs Group, Inc. (The), Travelers Companies Inc (The), Apple Inc.
- AIG Sells Canadian Mortgage Unit
- Forex Trading: GBPUSD Stays Heavy And Takes Out The Days Lows
- Forex Trading: EURUSD Making A Little Move Lower. Watching To See If The Momentum Can Be Maintained.
- Finance Minister’s Health Weighs On Japan ETFs
- December ETF Data: Out With A Bang
- Stocks To Watch On Wednesday Jan 06
- Forex Trading: USDCAD Stays Below 1.0405 Resistance And Moves Lower. Test Support At 1.0335/47
- Apple’s Acquisition Of Quattro Puts It On A Collision Course With Google
- Forex Trading: USDCHF Keeps The 100 Day MA As The Level To Watch Today
- Forex Trading: USDJPY Falls Below Intraday Support At 92.23
- Forex Trading: EURUSD Stuck In The Range Still. Watching 1.4371 Level Today.
- Triple ETF Options Landscape One Month After New Margin Rules
- Mutual Funds: Top Aggressive Growth Equity Funds
- Mutual Funds: Top ING Funds
- Stock Buy: Polo Ralph Lauren Corp.
- Stock Buy: Cirrus Logic Inc.
- Stock Buy: Arrow Electronics Inc.
- Bear Of The Day: W.R. Berkley Corp. (WRB)
- Stock Buy: Boston Beer Co., Inc.
- Bull Of The Day: SLM Corporation (SLM)
| Swiss Franc: Bullish Bias Above 102 Posted: 06 Jan 2010 07:17 AM PST |
| Japanese Yen: The Upside Prevails Posted: 06 Jan 2010 07:17 AM PST |
| British Pound: Continuation Of The Rebound Posted: 06 Jan 2010 07:17 AM PST |
| Posted: 06 Jan 2010 07:17 AM PST |
| Will The Loonie Move To Parity With The Greenback? Posted: 06 Jan 2010 07:17 AM PST Fundamentals
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| Ten ETF Stats That Will Shock You Posted: 06 Jan 2010 07:11 AM PST The final numbers for the ETF industry are in for 2009, and the results are truly impressive. Total ETF assets grew nearly 50% on the year, aided by a strong recovery in financial markets but also by strong cash inflows across the board. ETFs have clearly been established as much more than a passing fad, and seem poised to stage a challenge to mutual fund supremacy in coming years.
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| Posted: 06 Jan 2010 02:00 AM PST We are upgrading our recommendation on the shares of Financial Federal Corp. (FIF) to Neutral as we think that the shares of the company are currently trading at a price almost near the agreement value with People’s United. On Nov 22, 2009, Financial Federal entered into a merger agreement with People’s United Financial Inc. The transaction is expected to close in the third quarter of fiscal 2010. Under the terms of the merger, Financial Federal shareholders will receive $11.27 in … [visit site to read more]
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| Posted: 06 Jan 2010 01:45 AM PST We have initiated coverage on Eni SpA ADRs (E) with a Neutral recommendation and a $53 target price, as we believe that it will perform in line with the industry. Based in Rome, Italy, Eni SpA with its consolidated subsidiaries is engaged in the oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. The company conducts its major exploration and production activities for hydrocarbons in Italy, Croatia, North Africa, West Africa, the North Sea, the … [visit site to read more]
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| Posted: 06 Jan 2010 01:30 AM PST Given the current critical sustainability factor, we are downgrading our recommendation on the shares of Commerce Bancshares Inc. (CBSH) to Neutral from Outperform. Although the company's third quarter results were substantially ahead of the Zacks Consensus Estimate, continued weakness in loan demand and the credit metrics modestly offset the cost-cutting initiatives and growth in core fees and net interest income. Additionally, more aggressive credit conditions are expected to … [visit site to read more]
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| Posted: 06 Jan 2010 01:29 AM PST Family Dollar's quarterly earnings of 49 cents a share surpassed the Zacks Consensus Estimate of 47 cents, and climbed 16.7% from 42 cents delivered in the prior-year quarter. Management now expects second-quarter 2010 earnings between … [visit site to read more]
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| Glaxo Gains Positive EU Opinion Posted: 06 Jan 2010 01:15 AM PST GlaxoSmithKline (GSK) recently received good news with the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) issuing a positive opinion for its oral thrombopoetin agonist, Revolade (eltrombopag). Glaxo is seeking approval for the use of Revolade as an oral treatment for thrombocytopenia (reduced platelet count) in adults with the blood disorder chronic immune (idiopathic) thrombocytopenic purpura (ITP). The Committee recommended that Revolade should … [visit site to read more]
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| Posted: 06 Jan 2010 01:01 AM PST Goldman Sachs (GS) added 3M (MMM) to its Conviction Buy List, with a price target of $105 up from $100 Family Dollar (FDO) reported fiscal first quarter earnings of 49 cents a share, two pennies higher than projected, on inline revenues of 1.82 billion Beazer Homes (BZH) announced plans to issue a secondary offering of 18 million common shares and $50 million in convertible notes. The firm reported new home orders up 36.6% to 728 during the quarter, with … [visit site to read more]
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| AIG Sells Canadian Mortgage Unit Posted: 06 Jan 2010 01:00 AM PST As part of its effort to repay the bailout money it received last year when it was at the edge of collapse, American International Group Inc. (AIG) will sell its Canadian mortgage insurance business to a private investor group of the Ontario Teachers' Pension Plan. With about C$274 million ($263 million) in assets, the AIG United Guaranty Mortgage Insurance Company Canada is the second-largest private mortgage-insurance provider in Canada. The Ontario Teachers' Pension Plan, the … [visit site to read more]
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| Forex Trading: GBPUSD Stays Heavy And Takes Out The Days Lows Posted: 06 Jan 2010 12:57 AM PST The GBPUSD remains pressured below the 1.5988 level and has taken out the low for the day at the 1.5943. The new low is 1.5936. Resistance now comes at 1.5964 which is the low from yesterday's trade. If the price can remain below this level, the market bears will remain in charge and a more substantial decline can be explored. Watch the 1.5964 … [visit site to read more]
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| Forex Trading: EURUSD Making A Little Move Lower. Watching To See If The Momentum Can Be Maintained. Posted: 06 Jan 2010 12:43 AM PST The EURUSD has moved below the 1.4350 level where the 100 bar moving on the 5 minute chart is found. The bias is trying to look back down the downside. Next target to get through is at the 1.4334. The price is also below the 1.4371 level which is the 100 hour MA on the hourly … [visit site to read more]
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| Finance Minister’s Health Weighs On Japan ETFs Posted: 06 Jan 2010 05:39 AM PST Investors in the Japanese markets had been hoping that the flip of the calendar to 2010 would bring new hope for the country's stalled economy, following a bitterly disappointing 2009 that saw Japan lag global economies by a considerable margin. But only two days in to the year, health problems of the finance minister have created yet another obstacle, setting the stage for a potentially devastating reshuffling of roles.
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| December ETF Data: Out With A Bang Posted: 06 Jan 2010 12:31 AM PST So much for a slow December.
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| Stocks To Watch On Wednesday Jan 06 Posted: 06 Jan 2010 05:30 AM PST ( click to enlarge ) (CIEN) had a very strong day on Tuesday in a weak market. The stock surged over 7% on rumors that Nokia may be interested in a takeover. Ciena traded nearly 20 million shares, closing at $11.86, up from $11.02 on Monday, January 4th the prior day’s close. I’m looking for the stock to continue its up move on Wednesday. Further rally could be seen to retest $12.50 medium term resistance. As long as the stock stay above 11.38 area, the bullish scenario is still intact. … [visit site to read more]
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| Forex Trading: USDCAD Stays Below 1.0405 Resistance And Moves Lower. Test Support At 1.0335/47 Posted: 06 Jan 2010 12:24 AM PST The 1.0405/15 level was old floor support for the USDCAD and it is now becoming a ceiling resistance over the last 2 trading days. The failure to move back above this key level and higher gold prices has led to some downside pressure in the pair. However, we continue to watch support at the 1.0335/1.0346 level. Abreak below looks toward the 1.0300 as the continued probe lower continues for the pair. Upside resistance short term watch 1.0367 which was lows from earlier in the … [visit site to read more]
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| Apple’s Acquisition Of Quattro Puts It On A Collision Course With Google Posted: 06 Jan 2010 05:01 AM PST With its acquisition of Quattro Wireless, Apple Inc. (AAPL) has opened the door to competition with Yahoo Inc. (YHOO), Microsoft Corp. (MSFT), and especially Google Inc. (GOOG) in the mobile advertising market. And Apple’s venerable App Store will play a key role in the company’s expansion. All Things Digital, a tech blog affiliated with The Wall Street Journal, reported the deal’s value at $275 million, citing several anonymous sources. It is the 24th acquisition in Apple’s … [visit site to read more]
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| Forex Trading: USDCHF Keeps The 100 Day MA As The Level To Watch Today Posted: 06 Jan 2010 04:46 AM PST The USDCHF's key level to be aware of today is the 100 day moving average which comes in at the 1.0299 level today. The low today reached 1.0310 so far today. The pair has been pressured of late after a run up overnight. Yesterday the price moved back above the key moving average after closing below it on the first trading day of the year. The move back down today is keeping the market neutral. Looking at the hourly chart the price has closed below the 100 hour MA at the 1.0333 … [visit site to read more]
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| Forex Trading: USDJPY Falls Below Intraday Support At 92.23 Posted: 05 Jan 2010 11:32 PM PST The USDJPY is testing support against the 100 bar MA on the 5 minute chart at the 92.23 level. A move below would be switch the bias down and should target lower levels for the USDJPY. The USDJPY has retraced most of the decline from yesterday's trade. Support next comes in at the 92.01 level where the 38.2% retracement of the move up from yesterdays low comes in, along with the 200 bar MA on the 5 minute chart. Upside resistance comes in at the 92.30 level … [visit site to read more]
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| Forex Trading: EURUSD Stuck In The Range Still. Watching 1.4371 Level Today. Posted: 05 Jan 2010 11:15 PM PST The 100 hour MA is at the 1.4371. The 200 hour MA is at the 1.4362 level. The midpoint of the range since Dec 22nd comes in at 1.4350. The price is 1.4363. A move above 1.4371 would give a bullish bias. Below is a bearish bias. The market is non-trending and we continue to look for a move either up or down. Be on … [visit site to read more]
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| Triple ETF Options Landscape One Month After New Margin Rules Posted: 06 Jan 2010 04:01 AM PST On December 1st, the Financial Industry Regulatory Authority (FINRA) implemented more stringent margin requirements for leveraged ETFs in Increased Margin Requirements for Leveraged Exchange-Traded Funds and Associated Uncovered Options. On that day, I updated my table of all the optionable triple ETFs and now that one month has passed, I thought it might be interesting to see how the activity in these ETFs and their options may have been affected by the new margin … [visit site to read more]
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| Mutual Funds: Top Aggressive Growth Equity Funds Posted: 05 Jan 2010 05:36 PM PST Today we are featuring top-performing "Aggressive Growth” equity mutual funds, which primarily invest in aggressive growth equity securities of companies.
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| Posted: 05 Jan 2010 05:15 PM PST ING Global Natural Resources A (LEXMX) seeks to attain capital appreciation and hedge against the loss of buying power of the U.S. dollar through investment in gold and securities of companies engaged in mining or processing gold throughout the world.. It was incepted in December 1975.
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| Stock Buy: Polo Ralph Lauren Corp. Posted: 05 Jan 2010 04:00 PM PST Polo Ralph Lauren Corporation (RL) recently upped its quarterly dividend to 10 cents per share, doubling the previous quarter’s payout. The company’s dividend yield of 0.5% is a competitive one in an industry that virtually offers no income.
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| Posted: 05 Jan 2010 04:00 PM PST Cirrus Logic Inc. (CRUS) continue to set new highs after beating Wall Street’s expectations. Analysts continue to raise forecasts heading into the next report date. .
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| Stock Buy: Arrow Electronics Inc. Posted: 05 Jan 2010 04:00 PM PST Arrow Electronics, Inc. (ARW) recently raised its fourth quarter guidance as its components business picked up. ARW has surprised on estimates the last four quarters by an average of 6.65%.
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| Bear Of The Day: W.R. Berkley Corp. (WRB) Posted: 05 Jan 2010 04:00 PM PST We are downgrading our recommendation on the shares of W.R. Berkley Corporation (WRB) to Underperform from Neutral.
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| Stock Buy: Boston Beer Co., Inc. Posted: 05 Jan 2010 04:00 PM PST Boston Beer Co., Inc. (SAM) just hit a new 52-week high as shares rallied into the new year. Estimates are up on the company’s better than expected Q3 results from early November.
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| Bull Of The Day: SLM Corporation (SLM) Posted: 05 Jan 2010 04:00 PM PST We are upgrading our recommendation on the shares of SLM Corporation, or Sallie Mae (SLM) to Outperform. The company’s third quarter earnings were well ahead of the Zacks Consensus Estimate, driven by an increase in loan originations and improvements in the credit markets.
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