Daily Markets - Financial News And Opinions |
- Claymore Launches Three Wilshire ETFs (WFVK, WXSP, WREI)
- Gold - The Bull Case Is In Danger
- Swiss Franc: The Upside Prevails
- Australian Dollar: Rebound Expected
- Canadian Dollar: Rebound In Sight
- Japanese Yen: Rebound
- British Pound: The Upside Prevails
- Euro: The Upside Prevails
- Hot Threads
- Forex Trading: EURUSD Reverses Higher
- FTSE NAREIT - Read This Research And Make A New Fortune Every Decade
- Neutral On Iron Mountain
- Mutual Funds: Top 5 Non-US Funds
- Lilly Expands European Footprint
- Morning News Notes: 3/9/2010
- Marriott To Double Euro Properties
- Stock Market News Briefs: Aetna Inc., Bank Of America Corporation, Boeing Company (The), Burger King Holdings, Inc., CIGNA Corporation, H&R Block, Inc., J P Morgan Chase & Co, Marsh & McLennan Companies, Inc., Northrop Grumman Corporation, Texas Instruments Incorporated, First Solar, Inc.
- Verizon Speeds Up 4G LTE
- Stocks To Watch Tuesday 9 March
- Pipeline Setback For AstraZeneca
- Forex Trading: USDJPY Stays Pressured On Risk Aversion. Below The Key 100 Day Moving Average.
- China’s Comments Will Haunt Gold Buyers
- Forex Trading: EURUSD Moves Below 61.8% Retracement Support At 1.3551. Can The Momentum Continue?
- H&R Block A Cent Ahead, Revs Fall
- Forex Trading: AUDUSD Respects 100 Hour MA And Bounces. Key Levels Remain.
- PetroChina And Shell Bid For Australia’s Arrow Energy
- Forex Trading: GBPUSD Testing Intraday Resistance Levels As NY Day Begins
- Bear Of The Day: Deutsche Telekom
- Stock Buy: Domino’s Pizza, Inc.
- Stock Buy: Guess Inc.
- Stock Buy: SanDisk Corp
- Bull Of The Day: Amazon.com (AMZN)
- Stock Buy: Sonoco Products Company
| Claymore Launches Three Wilshire ETFs (WFVK, WXSP, WREI) Posted: 09 Mar 2010 08:05 AM PST Claymore, the Chicagoland issuer known for its line of themed ETFs and targeted sector funds, has launched three new ETFs based on broad market indexes maintained by Wilshire. The new funds include the Wilshire 5000 Total Market ETF (WFVK), Wilshire 45oo Completion Index ETF (WXSP), and Wilshire U.S. REIT ETF (WREI).
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| Gold - The Bull Case Is In Danger Posted: 09 Mar 2010 07:50 AM PST With commodities retracing their recent gains, gold has fallen back into the trading range. The question is whether weakening momentum will take the price below support at $1116. Last week I highlighted a possible bullish breakout in gold, targeting $1150-55 (Breakouts In Gold And Stockmarkets). In the event the move higher stopped short at $1145, meeting resistance from the upper Bollinger band. It has now retreated below the first line of support at $1126 to the comfort of the original … [visit site to read more]
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| Swiss Franc: The Upside Prevails Posted: 09 Mar 2010 07:18 AM PST |
| Australian Dollar: Rebound Expected Posted: 09 Mar 2010 07:18 AM PST |
| Canadian Dollar: Rebound In Sight Posted: 09 Mar 2010 07:18 AM PST |
| Posted: 09 Mar 2010 07:18 AM PST |
| British Pound: The Upside Prevails Posted: 09 Mar 2010 07:18 AM PST |
| Posted: 09 Mar 2010 07:18 AM PST |
| Posted: 09 Mar 2010 07:17 AM PST Fundamentals
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| Forex Trading: EURUSD Reverses Higher Posted: 09 Mar 2010 07:17 AM PST The price has now broken through the 100 bar MA on the 5 minute chart at 1.3580 and squeezed to a high at 1.3591. The 200 hour MA and the 200 bar MA on the 5 minute chart both come in at the 1.3601 levels and this should solicit profit taking resistance. However, the bounce off the lows is impressive and this may keep the market better supported as the market seems concerned about the stock market and Cisco. Additional support comes in below at … [visit site to read more]
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| FTSE NAREIT - Read This Research And Make A New Fortune Every Decade Posted: 09 Mar 2010 07:17 AM PST By Tom Dyson If you’d have put your savings with money manager Jeremy Grantham in 1985, you would have multiplied your money 13 times and beaten 99% of other investors. Grantham is the chief investment strategist for a giant asset management business named GMO, which manages around $100 billion. He cofounded GMO in 1977… and he’s made billions for his investors. His core mutual fund has returned almost 11% a year since 1985, trouncing the S and P 500. But to make a even more money from … [visit site to read more]
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| Posted: 09 Mar 2010 07:04 AM PST We are positive about Iron Mountain Incorporated (NYSE:IRM) due to its continuous momentum through 2008 and 2009, driven by strength in the storage segment, which has grown at a five-year compound annual growth rate (CAGR) of 22%.
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| Mutual Funds: Top 5 Non-US Funds Posted: 09 Mar 2010 07:02 AM PST Recent trends in the mutual funds segment have pointed to heavy outflows from domestic funds to those with an emphasis on international markets. Over time a clear preference for non-U.S. funds has emerged and investors now recognize that the foreign markets account for more than half of the world's equity market cap. Among these countries, emerging markets are of particular interest because of their unlocked growth potential as well as their recent performance. With the advantages of expert … [visit site to read more]
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| Lilly Expands European Footprint Posted: 09 Mar 2010 06:47 AM PST Eli Lilly (NYSE:LLY), through its animal health division, Elanco, has recently acquired the European rights to some of Pfizer's (NYSE:PFE) animal health products, consisting of vaccines, parasiticides and feed additives for both companion and production animals. In addition, Lilly will acquire a manufacturing facility in Ireland that is currently used in the production of animal vaccines. The financial details of the deal are not known.
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| Posted: 09 Mar 2010 06:43 AM PST The “Morning News Notes” as prepared by TL…US Banks, China and Treasuries, and Europe cracks down on Wall Street. Just click on the link or the coffee mug below. “Morning News Notes”: March 9, … [visit site to read more]
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| Marriott To Double Euro Properties Posted: 09 Mar 2010 06:33 AM PST According to the Wall Street Journal, Marriott International Inc. (NYSE:MAR) is planning to more than double its number of properties in Europe in the next few years. The company is expected to announce its new target at the Hotel Investment Forum, a conference in Berlin today.
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| Posted: 09 Mar 2010 06:20 AM PST H&R Block (NYSE:HRB) reported fiscal third quarter results after the close. The company reported earnings of 16 cents, versus 20 cents a year ago, and ahead of Zacks estimates of 14 cents, on revenues of $935 million, slightly below Zacks estimates of $938 million A FT report says Marsh & McLennan (NYSE:MMC) has put its Kroll investigations unit up for sale, with a price target of about $1.3 billion Boeing (NYSE:BA) received a $1.6 billion order for twenty 737 planes from … [visit site to read more]
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| Posted: 09 Mar 2010 06:16 AM PST US wireless kingpin Verizon (NYSE:VZ) has reported that the field testing of its 4G Long-Term Evolution (LTE) wireless broadband network in Boston and Seattle have demonstrated encouraging throughput levels. These two cities are expected to be the initial markets where 4G LTE services will be commercially available in 2010.
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| Stocks To Watch Tuesday 9 March Posted: 09 Mar 2010 06:08 AM PST List of stocks where the chart is displaying an ascending triangle RIMM - Research in Motion
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| Pipeline Setback For AstraZeneca Posted: 09 Mar 2010 06:00 AM PST AstraZeneca (NYSE:AZN) has received a pipeline setback with a mid-stage candidate failing to meet the primary endpoint of its study. The company was evaluating the effectiveness of Recentin (cediranib) in a phase II/III study (Horizon III) compared with Roche's (RHHBY) Avastin (bevacizumab), both in combination with chemotherapy in patients with first-line metastatic colorectal cancer (mCRC).
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| Forex Trading: USDJPY Stays Pressured On Risk Aversion. Below The Key 100 Day Moving Average. Posted: 09 Mar 2010 05:49 AM PST Gold down $11.50 has the risk aversion crowd exiting the USDJPY today. The price is also now using the 100 bar MA on the 5 minute chart as topside resistance in early NY trade. The 100 bar MA on that chart comes in at the 89.85 level currently. … [visit site to read more]
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| China’s Comments Will Haunt Gold Buyers Posted: 09 Mar 2010 05:32 AM PST FX markets were nervously quiet in Asian session, just waiting for a directional catalysis. Initially, the deputy governor of the PBoC and the head of the SAFE, Yi Gang, at a press conference in Asia, provided some detailed and honest comments regarding China’s foreign exchange and reserve policy. These comments reinforce remarks made on Friday from PBoC Gov. Zhou and Prime Minister Wen. On the subject of FX reserve management, he stated that reserves were appropriately diversified in USD, EUR, … [visit site to read more]
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| Forex Trading: EURUSD Moves Below 61.8% Retracement Support At 1.3551. Can The Momentum Continue? Posted: 09 Mar 2010 05:27 AM PST The 1.3551 level is the 61.8% retracement support of the move up from the March 1st low to the March 3rd high. The level comes in at 1.3551. The level has just broken and should lead to a further move lower in the pair, but can the EURUSD keep the momentum? If so, the target on the downside becomes the 1.3513 level which has been a level where there has been support and resistance over the last few weeks (see chart arrows above).
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| H&R Block A Cent Ahead, Revs Fall Posted: 09 Mar 2010 05:26 AM PST H&R Block Inc. (NYSE:HRB) reported fiscal third quarter 2010 (ended Jan 31, 2010) net income of $50.6 million or 15 cents, up from $47.4 million or 14 cents in the year-ago period. However, income from continuing operations was 16 cents, down 4 cents from the prior-year period. Results were slightly ahead of the Zacks Consensus Estimate of 14 cents, primarily driven by cost cuts. However, revenues were down 5.9% from the prior-year period to $934.9 million as the company prepared fewer tax … [visit site to read more]
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| Forex Trading: AUDUSD Respects 100 Hour MA And Bounces. Key Levels Remain. Posted: 09 Mar 2010 05:18 AM PST Although the AUDUSD dipped below the 100 day MA at the 0.9067 level (see chart below), it ran into support against the 100 hour MA just below at the 0.9056 level. The combo has given the pair a lift as technical traders used the low risk trading level to buy against (with likely stops on a break). Now, with the market back higher, the levels below remain as key support. A break will likely lead to further selling. So be aware and be prepared should the level give way. … [visit site to read more]
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| PetroChina And Shell Bid For Australia’s Arrow Energy Posted: 09 Mar 2010 05:17 AM PST Oil companies Royal Dutch Shell PLC (RDS-A) and PetroChina Co. Ltd. (NYSE:PTR) yesterday (Monday) made a joint offer for Australian energy producer Arrow Energy Ltd. in yet another demonstration of how China is turning Australia into its personal commodities broker. The $3.4 billion (A$3.26 billion) deal would give shareholders A$4.45 per share - a 28% premium from Friday’s share price - and a share in a new Arrow international-business entity for each current Arrow share. Market … [visit site to read more]
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| Forex Trading: GBPUSD Testing Intraday Resistance Levels As NY Day Begins Posted: 09 Mar 2010 05:01 AM PST The GBPUSD has seen some profit taking buying in early NY trade as the selling found support at the 61.8% retracement of the move up from the March 1st low to the high on March 8th. That level came in at 1.4939 (see hourly chart below).
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| Bear Of The Day: Deutsche Telekom Posted: 08 Mar 2010 09:00 PM PST We are downgrading Deutsche Telekom (NYSE:DT), the top telecom carrier in Germany, to Underperform. Reported earnings and revenue for the last quarter missed the Zacks Consensus Estimates.
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| Stock Buy: Domino’s Pizza, Inc. Posted: 08 Mar 2010 09:00 PM PST Domino’s Pizza, Inc. (NYSE:DPZ) recently hit a new 52-week high on the company’s better than expected Q4 results that were driven by a hot, new pizza recipe that is creating a buzz on the Street.
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| Posted: 08 Mar 2010 09:00 PM PST Guess Inc. (NYSE:GES) is expected to generate long-term EPS growth of 17.5%, while offering a dividend yield of 1.2%.
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| Posted: 08 Mar 2010 09:00 PM PST SanDisk Corp (NASDAQ:SNDK) recently raised its outlook, shares and estimates have responded favorable.
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| Bull Of The Day: Amazon.com (AMZN) Posted: 08 Mar 2010 09:00 PM PST Amazon.com (NASDAQ:AMZN) is one of the largest online retailers in the world. The company reported very strong fourth quarter numbers, beating the Zacks Consensus Estimate.
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| Stock Buy: Sonoco Products Company Posted: 08 Mar 2010 09:00 PM PST Sonoco Products Company (NYSE:SON) saw improvement in the fourth quarter over the year ago period and recently raised 2010 guidance. It has surprised on earnings by an average of 8.3% over the last 4 quarters.
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