Daily Markets - Financial News And Opinions

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• Australian Dollar: Bounce
• Canadian Dollar: Bounce
• Forex Trading: GBPUSD Drops Like A Stone After Falling Through Support.
• $RTP $BHP - The Price Of This Commodity MUST Rise. It’s Inevitable.
• T. Rowe Explores Asia, Taiwan Next
• Kohl’s Beats, Stock Gains
• Astec Disappoints, Reports Losses
• Video: Coca-Cola To Gain More Control Of N. American Product Distribution
• Forest Slips On Lower Sales Volumes
• Forex Trading: EURUSD Continues To Fight The Jekyll And Hyde Fight
• OMAB Reports In-line Results
• Dollar Falls As Bernanke Sees Rates Remaining Low
• Gafisa Approves Stock Split
• Video: Asian Markets In The Red Once Again
• Video: NYSE Opening Bell Market Monitor: KO, HNZ, KSS
• Bunge Considering Retrenchment
• HCN Quarterly FFO Improves
• More Bad News On Jobless Claims
• Seven Alpha-Seeking ETFs That Have Crushed Their “Benchmarks”
• ENSCO Grows With Deepwater
• Mutual Funds: Top 5 Small-Cap Funds
• Taibbi: Wall Street’s Con Is Alive And Well

Australian Dollar: Bounce Posted: 25 Feb 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Bounce Posted: 25 Feb 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more]

Forex Trading: GBPUSD Drops Like A Stone After Falling Through Support. Posted: 25 Feb 2010 09:17 AM PST The GBPUSD fell back below the key 50% retracement level at the 1.5272 level, then the 1.5242 support.  From there it was as quick move down to the low for the day at 1.5188.  The price has used the 100 bar MA on the 5 minute chart 3 separate times today, keeping the bears firmly in … [visit site to read more]

$RTP $BHP - The Price Of This Commodity MUST Rise. It’s Inevitable. Posted: 25 Feb 2010 09:17 AM PST By Chris Mayer In the most recent issue of my Special Situations advisory, I showed my readers the most compelling resource investment around. I’ve spent the past month digging into this story and looking for the best opportunities. Here’s what I’ve found. The most compelling thing about uranium is probably best expressed in the chart below… The uranium market has been in deficit for several years, living off the stockpiles of the Cold War. Put simply, we use more than we make. Looking … [visit site to read more]

T. Rowe Explores Asia, Taiwan Next Posted: 25 Feb 2010 09:08 AM PST Consolidating its base in Asia, T. Rowe Price Group Inc. (NASDAQ:TROW) is all set to hit Taiwan's retail markets by launching four equity funds through an electronic fund trading platform of Marbo Group, a Taiwanese corporation, Reuters reported on Wednesday.   In order to sell to retail investors in Taiwan, foreign firms need to tie up with a local agent, known as a Securities Investment Consulting Enterprise. For the initial phase, T. Rowe sought approval for four equity funds, namely, an … [visit site to read more]

Kohl’s Beats, Stock Gains Posted: 25 Feb 2010 09:06 AM PST Kohl's Corp. (NYSE:KSS) reported fiscal 2009 fourth-quarter results before the opening bell on Thursday. The company posted net income of $431 million or $1.40 per share, compared to $336 million or $1.10 per share in the year-earlier quarter. Quarterly earnings also topped the Zacks Consensus Estimate of $1.37 per share. However, Kohl's offered a conservative outlook for the first quarter of fiscal 2010, with earnings expected to range between 48 cents and 52 cents per share. The guidance is … [visit site to read more]

Astec Disappoints, Reports Losses Posted: 25 Feb 2010 08:52 AM PST Astec Industries Inc. (NASDAQ:ASTE) reported a net loss of 8 cents per share for the fourth quarter of 2009, compared to net earnings of 32 cents in the fourth quarter of 2008. The Zacks Consensus Estimate for the quarter was net earnings of 12 cents per share.   Quarterly revenue fell 9.0% to $177.9 million from $195.5 million a year ago. Domestic sales declined 20.9% to $103.1 million, primarily due to continued delay/postponement of several infrastructure projects stemming from the economic … [visit site to read more]

Video: Coca-Cola To Gain More Control Of N. American Product Distribution Posted: 25 Feb 2010 08:50 AM PST Coca-Cola Incorporated announced plans to acquire the North American operations of its largest bottler in an attempt to gain more control of product distribution. … [visit site to read more]

Forest Slips On Lower Sales Volumes Posted: 25 Feb 2010 08:37 AM PST Forest Oil Corporation (NYSE:FST) reported its fourth-quarter 2009 earnings of 56 cents per share, compared with the Zacks Consensus Estimate of 60 cents and a year-ago profit of 32 cents. Before adjusting one-time items, earnings were 40 cents per share.   Results came in below expectations mainly due to lower sales volumes and realized prices, partially offset by reduced DD&A (depreciation, depletion and amortization) expenses.   Estimate Revisions Trend   We see a positive … [visit site to read more]

Forex Trading: EURUSD Continues To Fight The Jekyll And Hyde Fight Posted: 25 Feb 2010 08:22 AM PST The support below at the 1.3483 and the 100 and 200 bar MA levels (currently at the 1.3492 and 1.3489 level respectively) and the topside resistance at the 1.3431-39 area keep the EURUSD in a Jekyll and Hyde costume. One minute it looks like the price will break higher, the next minute, whoops, back down (see chart above - see prior post). What is to be watched is the failure to extend the move below the 1.3483 level today for the second time in a weeks time.  This pause may give the … [visit site to read more]

OMAB Reports In-line Results Posted: 25 Feb 2010 08:19 AM PST Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) reported in-line results for the fourth quarter and full year 2009.   During the quarter, total revenues were MXN$483 million, a reduction of 0.8% year over year. Aeronautical revenues per passenger increased 7.9%, and non-aeronautical revenues per passenger increased 27.6%. Monterrey, Grupo Aeroportuario’s principal airport, contributed 45.0% of revenues. During full-year 2009, total revenues were … [visit site to read more]

Dollar Falls As Bernanke Sees Rates Remaining Low Posted: 25 Feb 2010 08:09 AM PST We finally got a bit of the volatility we've been looking for yesterday, as the markets moved dramatically as the Fed Chief testified before congress. But overnight the Asians had a different opinion and moved the dollar back up. So the currency markets were pretty much like a roller coaster ride, moving dramatically up and down but ending up pretty much right back where we started. I'll begin where we left off yesterday, the Fed Chairman's testimony to the House Financial Services … [visit site to read more]

Gafisa Approves Stock Split Posted: 25 Feb 2010 08:04 AM PST Gafisa S.A. (NYSE:GFA), one of Brazil’s leading diversified national homebuilders, approved a one-for-two stock split. Shareholders of record as of February 22, 2010, will receive two common shares for each common share currently owned.   The number of common shares represented by each ADR will remain unchanged, i.e., 1 ADR = 2 common shares. Thus, the total number of ADRs will be adjusted in the same proportion as the stock split, one-for-two. The common shares after the split will confer … [visit site to read more]

Video: Asian Markets In The Red Once Again Posted: 25 Feb 2010 07:51 AM PST The major Asian/Pacific markets were once again on the downside this session following yet another slide in domestic shares. … [visit site to read more]

Video: NYSE Opening Bell Market Monitor: KO, HNZ, KSS Posted: 25 Feb 2010 07:49 AM PST The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]

Bunge Considering Retrenchment Posted: 25 Feb 2010 07:47 AM PST Bunge Ltd. (NYSE:BG), a leading integrated global agribusiness and food company in the U.S., has decided to discontinue the processing of soybeans at its facility in Danville, Illinois, resulting in a possible retrenchment of 100 employees.   The company will continue to operate the facility as a grain elevator for soybeans and a co-located corn mill. About 185 employees will continue to remain employed for its existing operations. Bunge was forced to take the decision to close its … [visit site to read more]

HCN Quarterly FFO Improves Posted: 25 Feb 2010 07:34 AM PST Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has reported fourth quarter 2009 FFO (fund from operations) of 44 cents per share compared to 30 cents in the year-earlier quarter.   Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. For full year 2009, Health Care REIT reported an FFO of … [visit site to read more]

More Bad News On Jobless Claims Posted: 25 Feb 2010 07:30 AM PST The Initial Claims for Unemployment Insurance report was decidedly weak, with claims rising to 496,000, an increase of 22,000. The 4-week moving average rose by 6,000 to 473,750. The weekly numbers can be very volatile, so in general it is better to watch the 4-week average to get a better sense of the trend. As the chart below (from http://www.calculatedriskblog.com/) shows, the 4-week average had been in a very steep downtrend since it peaked in mid-April, but has reversed course over … [visit site to read more]

Seven Alpha-Seeking ETFs That Have Crushed Their “Benchmarks” Posted: 25 Feb 2010 07:29 AM PST Many investors point to the rise of the ETF industry as a clear shift in preferences away from relatively expensive active management in favor of low-cost indexing. It's been said that the alpha hunters have evolved into beta grazers. But the benefits of the ETF structure aren't reserved solely for passive cap-weighted products, and the last few years have seen a huge increase in the number of ETFs that blur the lines between active and passive management. While the vast majority of ETF … [visit site to read more]

ENSCO Grows With Deepwater Posted: 25 Feb 2010 07:17 AM PST ENSCO International plc (NYSE:ESV) – a leading supplier of offshore contract drilling services to the oil and gas industry – reported modestly better-than-expected fourth quarter results, driven by improving performance of its Deepwater segment and higher utilization across the fleet. Earnings per share from continuing operations came in at $1.24, topping the Zacks Consensus Estimate of $1.22.   However, on a year-over-year basis, ENSCO's earnings per share declined 42%, while revenues … [visit site to read more]

Mutual Funds: Top 5 Small-Cap Funds Posted: 24 Feb 2010 10:54 PM PST Investors with a reasonable appetite for risk and the willingness to ride out periods of market volatility often seek out small-cap funds. This category of funds has great potential primarily due to two factors. Historically small cap companies are one of the best investments when the economy recovers. Secondly it has been observed that companies with smaller market capitalizations usually reinvest most of their profits back in to the business, as opposed to paying dividends. Thus shareholders … [visit site to read more]

Taibbi: Wall Street’s Con Is Alive And Well Posted: 24 Feb 2010 03:00 PM PST Matt Taibbi of the Rolling Stone has released his latest rant against Wall Street's dirty dealing, and it's a doozy. The pummeling of financial markets as a result of the crisis has done little to stave off Wall Street's insatiable greed… and has instead done a great deal to amplify the creativity of banks to find new ways to extract profit from easy prey like the bumbling or complicit US government and the blindsided US taxpayer. From Taibbi in Rolling Stone:  "There's even a … [visit site to read more]

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