Daily Markets - Financial News And Opinions |
- Gold Will Need To Take A Breather Once Again
- Mutual Funds: Top 5 Eaton Vance Funds
- Staples Hikes Dividend
- Hitch A Ride With Ford On The Path To Profits
- Cisco CRS-3 Redefines Network Speed
- Chevron To Trim Downstream Biz
- Stock Market News Briefs: Abbott Laboratories, American Eagle Outfitters, Inc., Evercore Partners Inc, Goldman Sachs Group, Inc. (The), Goodrich Corporation (The), J. Crew Group, Inc., Lazard LTD., Textron Inc., Bucyrus International, Inc., Children’s Place Retail Stores, Inc. (The)
- Forex Trading: USDCAD Trying To Bottom. But Not Getting Very Far.
- 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
- Will There Be Some Surprises In The USDA March Crop Report This Year?
- Salix Beats But Outlook Disappoints
- Hot Penny Stocks For Wednesday: Origin Agritech, Netlist
- China’s February Trade Figures: Improving Trade Despite Seasonal Drop-Off
- Forex Trading: British Pound Comes Under Heavy Selling Pressure
- Gaming ETF (BJK) On A Hot Streak
- US Stock Market Reaching January’s Highs Any Time Now
- How Safe Is Amerisafe?
- Forex Trading Review For 10/03/2010
- Fracking Fluids Part I: A Controversy Coming To An Energy Investment Near You
- BofA Ends Debit Card Overdrafts
- Forex Trading: GBPUSD Bumping Into Resistance At The 1.4939 Level
- 9 Women Can’t Have A Baby In A Month
- The Abuse Of Financial Derivatives
- Forex Trading: EURUSD Is Above The 100 And 200 Hour MA In Early NY Trade
- Mutual Funds: Top 5 Health Care Funds
- Stock Buy: Amkor Tech
- Stock Buy: Family Dollar, Inc.
- Stock Buy: Herbalife
- Bear Of The Day: Lions Gate Entertainment (LGF)
- Stock Buy: TAL International Group Inc.
- Bull Of The Day: Rockwell Automation (ROK)
| Gold Will Need To Take A Breather Once Again Posted: 10 Mar 2010 07:51 AM PST In one of our previous essays we mentioned that the situation in the USD Index appears bearish, but it has not been the main driver of the PM prices lately. It’s been the general stock market that used to drive gold and silver prices lately, which means that the situation is now less than perfectly bullish, especially in the short term. Therefore, this week we would like to let you know what we think about the main stock indices and how it may influence the gold market. Let’s begin with … [visit site to read more]
|
| Mutual Funds: Top 5 Eaton Vance Funds Posted: 10 Mar 2010 07:03 AM PST Founded in 1924, Eaton Vance is one of the oldest investment management firms in the U.S. With over $161.6 billion of assets under management, the company and its affiliates provide a wide range of investment products and wealth management services to individuals and institutions. Operating in the investment space for over 85 years has given the company a long term perspective which it uses to deliver sustained value to its clients. It aims to become the country's premier investment … [visit site to read more]
|
| Posted: 10 Mar 2010 07:00 AM PST Staples Inc. (NASDAQ:SPLS), the global leader for the supply of office products, recently boosted its quarterly dividend by 9%. The Board has approved an increase in annual dividend to 36 cents (or 9 cents quarterly) from 33 cents a share (or 8.25 cents quarterly).
|
| Hitch A Ride With Ford On The Path To Profits Posted: 10 Mar 2010 06:51 AM PST Ford Motor Company (NYSE:F) just celebrated its first annual profit since 2005. After losing $6.9 billion in 2008, the automaker reported a full-year net profit of $2.7 billion.
|
| Cisco CRS-3 Redefines Network Speed Posted: 10 Mar 2010 06:45 AM PST Cisco Systems Inc. (NASDAQ:CSCO) has announced a super-fast carrier routing system called the CRS 3.
|
| Chevron To Trim Downstream Biz Posted: 10 Mar 2010 06:30 AM PST At a meeting with financial analysts in New York , U.S. energy behemoth Chevron Corp. (NYSE:CVX) unveiled its business strategy. In particular, the company outlined plans to restructure its struggling downstream (refinery, marketing, and transportation) operation that has seen mounting losses due to weak demand for fuel. Chevron will now focus on growth in Asian markets and in its gas business.
|
| Posted: 10 Mar 2010 06:28 AM PST Facet Biotech (FACT) agreed to its purchase by Abbott Labs (NYSE:ABT) for $722 million or $27 per share. American Eagle Outfitters (NYSE:AEO) announced plans to shutter all 28 Martin & Osa stores. The company is due to report results today, with fourth quarter earnings of 33 cents versus 19 cents a year ago anticipated. Goldman Sachs (NYSE:GS) added Bucyrus (NASDAQ:BUCY) to its Conviction Buy List with an $80 price target. Several analysts reiterated “buy” recommendations … [visit site to read more]
|
| Forex Trading: USDCAD Trying To Bottom. But Not Getting Very Far. Posted: 10 Mar 2010 06:25 AM PST The USDCAD is trying its best to bottom. The problem is there does not seem to be much of a short to cause a strong bounce in the currency pair.
|
| Swiss Franc: The Upside Prevails Posted: 10 Mar 2010 06:18 AM PST |
| Australian Dollar: Rebound Expected Posted: 10 Mar 2010 06:18 AM PST |
| Canadian Dollar: Rebound In Sight Posted: 10 Mar 2010 06:18 AM PST |
| Posted: 10 Mar 2010 06:18 AM PST |
| British Pound: The Upside Prevails Posted: 10 Mar 2010 06:17 AM PST |
| Posted: 10 Mar 2010 06:17 AM PST |
| Will There Be Some Surprises In The USDA March Crop Report This Year? Posted: 10 Mar 2010 06:17 AM PST Fundamentals
|
| Salix Beats But Outlook Disappoints Posted: 10 Mar 2010 06:15 AM PST Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) reported a net loss of 13 cents per share in the fourth quarter, a penny better than the Zacks Consensus Estimate and company guidance of a net loss of 14 cents. Salix reported a net loss of 12 cents in the year-ago period. Higher product sales helped the company beat expectations despite an increase in costs.
|
| Hot Penny Stocks For Wednesday: Origin Agritech, Netlist Posted: 10 Mar 2010 06:10 AM PST Origin Agritech (NASDAQ:SEED) This stock is highly volatile as can be seen by its previous moves. Now is on a reversal trend. The gap up on high volume is a good indication of the start of a new uptrend. Watch out for the pullback and volume to dry up as the price drop and 13,26D turn up. Trade near the support and capitalize on the long burst of this stock. Netlist Inc (NASDAQ:NLST) One of my favourite penny plays from 60 cent up. Now again, stock is bottoming out and doing a turnaround. … [visit site to read more]
|
| China’s February Trade Figures: Improving Trade Despite Seasonal Drop-Off Posted: 10 Mar 2010 06:01 AM PST China surprised to the upside again when it reported its trade figures on Wednesday. Exports were up 46% year over year to US$94.8 billion against consensus estimates for a 38% rise. Imports rose 45% year on year to US$87.2 billion against consensus forecasts, also for 38%. As the chart below illustrates, the figures show a slight pull back in the strong bounce-back China had been seeing. However much of this pull back is related to the Chinese new year holidays (Chinese new year, or … [visit site to read more]
|
| Forex Trading: British Pound Comes Under Heavy Selling Pressure Posted: 10 Mar 2010 06:01 AM PST Overall trading has been insipid in the Asian session, a testimony to the lack of real drivers out there. And while we have seen some decent volatility in FX, pairs have not broken out of mid-term ranges. Interestingly, equity indexes continue to climb higher with S&P closing on the resistance at 1150, VIX safely below 20 and Crude prices steadily rising to $82.00bll. The Australian data was mixed with consumer confidence up 0.2% to 117.3, but owner occupied housing finance slipped -7.9% … [visit site to read more]
|
| Gaming ETF (BJK) On A Hot Streak Posted: 10 Mar 2010 06:00 AM PST Despite a sluggish economy, the Market Vectors Gaming ETF (BJK) has been on winning streak since the start of February, posting a gain of nearly 6% over the last week and a half. While some of the rebound is likely due to a slight increase in the confidence of an economic recovery, many gaming investors are betting on emerging Asian consumers to help lift up the profits for many of the stocks included in this fund. Furthermore, as states find themselves in increasingly difficult budget … [visit site to read more]
|
| US Stock Market Reaching January’s Highs Any Time Now Posted: 10 Mar 2010 05:58 AM PST It’s looking as though the S&P 500 is heading for a double-top formation, reaching January’s highs any time now. At the time of writing, the pre-market price is showing 1142, just 8 points off the magic 1150. The obvious question then is whether this will be the double-top reversal pattern so many of us have been waiting for, or merely a pause before moving on to greater things. Here’re the bullish points: - a decent short-term trend line from February’s low - … [visit site to read more]
|
| Posted: 10 Mar 2010 05:51 AM PST Amerisafe Inc. (NASDAQ:AMSF), a specialty provider of high-hazard workers' compensation insurance, is becoming less attractive to analysts following its fourth quarter 2009 earnings release last week. With a soft market cycle, characterized by increased competition that results in lower premium rates, expanded policy coverage terms and higher commissions paid to agencies, Amerisafe reported lower-than-expected quarterly results. The weak earnings ultimately translated to estimate revisions in the … [visit site to read more]
|
| Forex Trading Review For 10/03/2010 Posted: 10 Mar 2010 05:46 AM PST USD Dollar (USD) The Dollar gained versus the Euro and the Pound and weakened versus the high yielding commodity linked currencies. Stock markets finished higher but weak fundamentals and fears across Europe helped the Dollar to gain. NASDAQ and Dow Jones gained by 0.36% and 0.11% respectively. Crude Oil weakened by -0.46% closing at 81.49$ a barrel. Gold (XAU) weakened by -0.14% closing at 1,122$ an ounce. Today, Federal Budget Balance is expected with -199.5B versus -42.6B prior. Crude Oil … [visit site to read more]
|
| Fracking Fluids Part I: A Controversy Coming To An Energy Investment Near You Posted: 10 Mar 2010 05:39 AM PST The controversy surrounding fracking fluids is getting louder. Websites and media savvy organizations are getting more press on this issue, using a very simple and powerful pitch - are the chemicals used in fracking fluids in oil and gas wells contaminating our drinking water? North American investors have not been directly hit by this issue yet, meaning that a company’s stock hasn’t plummeted because they had to stop drilling over these concerns - yet. “Fracking” is sending a specially … [visit site to read more]
|
| BofA Ends Debit Card Overdrafts Posted: 10 Mar 2010 05:35 AM PST To play by the rules set by the Federal Reserve that will prohibit banks from charging overdraft fees effective July 1, 2010, Bank of America Corporation (NYSE:BAC) said on Tuesday that it will eliminate such fees on debit card purchases starting June 19, 2010.
|
| Forex Trading: GBPUSD Bumping Into Resistance At The 1.4939 Level Posted: 10 Mar 2010 05:27 AM PST The GBPUSD has bumped into resistance at the 1.4939 level in early NY trade. The level is the 61.8% retracement of the move up from the March 1st low to the March 8th high. The level was a low area from yesterday. Support becomes resistance and this is what we are seeing at this level today. Looking at the shorter term 5 minute … [visit site to read more]
|
| 9 Women Can’t Have A Baby In A Month Posted: 10 Mar 2010 05:09 AM PST I have written about the Peak Oil thesis before, Gregor Macdonald over at his site has a new post entitled The Myth of Energy Breakthroughs that gives a great perspective on that viewpoint [emphasis mine]: It's common among those who sell the idea of energy breakthrough to invoke electronic or digital adoption narratives. Breakthroughs in medicine, in electronic networks, and in other intellectual achievement distribute more easily upon existing systems. This is why I continue to believe … [visit site to read more]
|
| The Abuse Of Financial Derivatives Posted: 10 Mar 2010 05:01 AM PST Prescription drugs can only be accessed through a physician for a reason. When used appropriately under the guidance of an ethical and informed doctor, the powers of prescription drugs can be life-changing and life-saving. When these prescription drugs are marketed by those more interested in their own bottom line than the health and well-being of their 'patients’, then use often turns to abuse and the effects are crippling. A similar dynamic plays out in the high and mighty halls … [visit site to read more]
|
| Forex Trading: EURUSD Is Above The 100 And 200 Hour MA In Early NY Trade Posted: 10 Mar 2010 05:00 AM PST The EURUSD moved higher in pre-NY trade. There was a report that the Greece was ahead of schedule with implementation of deficit plan and there was some rumblings of Swiss National Bank intervention in EURCHF.
|
| Mutual Funds: Top 5 Health Care Funds Posted: 09 Mar 2010 10:58 PM PST When markets are headed south, the healthcare sector could become a viable option for parking investments. This is because the demand for health services remains largely unaffected by the state of the economy. In addition, several pharmaceutical companies pay out a dividend regularly, which has a healing effect on their share prices. With the advantages of professional management and a disciplined approach, healthcare mutual funds are the perfect choice for investors looking to foray into this … [visit site to read more]
|
| Posted: 09 Mar 2010 09:00 PM PST Amkor Tech (NASDAQ:AMKR) topped earnings estimates to bring the bottom line back into the black. Estimates and shares are on their way up.
|
| Stock Buy: Family Dollar, Inc. Posted: 09 Mar 2010 09:00 PM PST Family Dollar, Inc. (NYSE:FDO) recently surged to a new 52-week high after the company raised it’s full year guidance on strong February sales.
|
| Posted: 09 Mar 2010 09:00 PM PST Herbalife (NYSE:HLF) is expected to grow its earnings per share at 13.5% for the next five years. This Zacks Rank #2 stock also pays a decent dividend.
|
| Bear Of The Day: Lions Gate Entertainment (LGF) Posted: 09 Mar 2010 09:00 PM PST Lions Gate’s (NYSE:LGF) third-quarter 2010 quarterly loss of $0.55 per share was far below the Zacks Consensus Estimate of a net loss of $0.22.
|
| Stock Buy: TAL International Group Inc. Posted: 09 Mar 2010 09:00 PM PST TAL International Group Inc. (NYSE:TAL) recently restarted its dividend as trade volumes showed improvement over the year ago period as the global recovery took hold.
|
| Bull Of The Day: Rockwell Automation (ROK) Posted: 09 Mar 2010 09:00 PM PST Rockwell Automation (NYSE:ROK) has a strong global market presence. The company is focused on further expanding its global footprint in emerging markets, as it expects automation growth rates in the emerging markets to be 50% higher than growth rates in the developed countries.
|
| You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment