Daily Markets - Financial News And Opinions |
- Forex Trading: Euro Makes New Lows For The Week
- Bad In Many Ways
- Copper Could Suffer A Catastrophe Soon
- Why The IMF Is Wrong
- Is It Time For Investors To Beware Of The Bear?
- Central Planning And The Parasites It Creates
- Rogers Upgraded To Outperform
- ENY Vs. AMJ: Energy Income Funds Head-to-Head
- Cartoon: Stimulus Plan - One Year Later…
- Daily ETF Roundup: XLF, FXI Surge
- Pactiv Acquires PWP Industries
- FDIC’s Problem Banks List: Where Will It End?
- Solid Quarter For Federal-Mogul
- American Tower’s Profit Falls
- Video: Kodak To Privately Offer $440 MillionIn Senior Secured Notes
- Washington Post Earnings Jump
- ONEOK Partners Earnings Beat
- Forex Trading: Key Levels To Watch In EUR/USD
- Government Stimulates Private Economy With Thin Air
- Video: NYSE Closing Bell Market Monitor: C, PFE
- IDC Revenue Flat, EPS Tumbles
- Smucker Beats, Raises Guidance
- Video: Crude Rises On Fed Comments
- Frontier Meets But Profits Slide
- AMLN’s Obesity Pipeline Advances
- 88% Scientifically Accurate Predictor Of Gold Value
- Expeditors Short Of Forecasts
- UTX Raises $2.25 Billion Debt
- RRC Tops Zacks Estimate
- Watson Beats, Maintains Guidance
- Video: 02/24 FX Options Report
- Blue Coat Beats By A Whisker
- Why More ETFs Veered Away From Their Benchmarks In 2009
- Market Vectors Nuclear Energy ETF (NYSE:NLR): Taking Your Position In The “Go Nukes” Era
- CVS Upgraded To Neutral
- These Healthcare Insurance Stocks Are Ready To Rise
- Forex Trading: GBPUSD Moves Below The Low From Yesterday/the Week And Tests Support At 1.5380
- Will Legg Mason Jumpstart Actively-Managed ETFs?
- St. Joe Reports Quarterly Loss
- TransDigm Group Beats
- Autodesk Tops, Rises Sequentially
- The FDIC’s $20.9 Billion Problem
- Textron Gets Marine Contract
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 1
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 2
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 3
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 4
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 5
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 6
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 7
- Steve Meizinger On “Back To Basics FX Options Greeks”, Part 8
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 1
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 2
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 3
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 4
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 5
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 6
- Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 7
- Analyst Interviews: Semiconductor Outlook & Stock Review
- Singapore Stock Market Update For Wednesday 24 February
Forex Trading: Euro Makes New Lows For The Week Posted: 24 Feb 2010 06:11 PM PST The EUR/USD pair broke lower early in the Asian session, as USD and JPY buying are moving the markets on a seemingly risk averse move following a mildly positive day for equities globally. On the chart below we see the trendline support that developed off of last weeks lows was broken and the pair is currently ranging at the bottom end of its daily price range. It will be interesting to see if we can test last weeks lows following the negative sentiment on the weaker European economies … [visit site to read more] |
Posted: 24 Feb 2010 06:02 PM PST (Source: U.S. Department of Labor) |
Copper Could Suffer A Catastrophe Soon Posted: 24 Feb 2010 05:50 PM PST It’s not often a major stock or commodity gets set up for “catastrophe,” but when it does, I stand up and take note. Most investors and traders aren’t much interested in catastrophe. They won’t short a vulnerable asset when a crisis is looming… and they won’t buy it just after the crisis… when the asset is very cheap. This is a shame, but it’s why most people lose in the stock and commodity markets. And it’s why they’re going to miss a big opportunity coming to the copper market … [visit site to read more] |
Posted: 24 Feb 2010 05:01 PM PST The IMF have come out today with a report suggesting that Advanced Countries do not end financial stimulus (this is what our Prime Minister is addicted too, remember?) before 2011 for fear of causing a double dip recession. No doubt the bullying left wing cheerleaders will say the Tories are wrong again. Where to start? Well firstly Dominique Strauss-Kahn who is the Frenchman who runs the IMF is a marxist and so will always think state spending is a good idea. Secondly, George … [visit site to read more] |
Is It Time For Investors To Beware Of The Bear? Posted: 24 Feb 2010 04:01 PM PST With U.S. stocks down about 5% from their 2009-2010 rally peak, investors basically want to know one thing: Is this just a correction, or are they looking at a potentially long bear market? That’s no small question. U.S. stocks could be experiencing one of three scenarios at present. They could be: Undergoing a short-term “correction” of its 2009 gains. These aren’t just arbitrary labels. For instance, a … [visit site to read more] |
Central Planning And The Parasites It Creates Posted: 24 Feb 2010 04:00 PM PST Not all economists are charlatans. At Harvard is Robert J. Barro, who just computed the net costs of the government's 2009 stimulus program. It was originally expected to cost $787 billion and is now estimated to come in with a final price tag of $862 billion. |
Posted: 24 Feb 2010 03:34 PM PST We have upgraded our recommendation to Outperform for Rogers Communications Inc. (NYSE:RCI) following its fourth quarter 2009 financial results, which came ahead of the Zacks Consensus Estimate. Despite facing an extremely challenging economic environment, Rogers performed exceptionally well in 2009, reflecting effective cost controls and an improved churn rate. This enabled the company to generate a double-digit increase in cash flow generation. |
ENY Vs. AMJ: Energy Income Funds Head-to-Head Posted: 24 Feb 2010 03:23 PM PST With Treasuries and corporate bonds offering record low yields and perhaps relatively high risk, many investors have begun looking elsewhere for opportunities to provide reliable income to their portfolios. Dividend-paying ETFs are one interesting option, but some investors are hesitant to swing big portions of their fixed income allocation into equities. |
Cartoon: Stimulus Plan - One Year Later… Posted: 24 Feb 2010 03:11 PM PST Source: Clay Jones, Slate.com, February 22, … [visit site to read more] |
Daily ETF Roundup: XLF, FXI Surge Posted: 24 Feb 2010 03:03 PM PST Equity markets snapped a two-day losing streak on Wednesday, as comments from Ben Bernanke indicating that interest rates could remain low for the foreseeable future caused a buying spree on Wall Street. Elsewhere, General Motors announced that it would begin winding down Hummer operations after Chinese regulators rejected a proposed deal while Toyota's president apologized to lawmakers on Capitol Hill for flaws in his company's products. |
Pactiv Acquires PWP Industries Posted: 24 Feb 2010 03:00 PM PST Pactiv Corporation (NYSE:PTV) agreed to acquire the stock of PWP Industries for $200 million. PWP is a leading manufacturer of APET (amorphous polyethylene terephthalate) disposable products. The deal is expected to close in the first quarter of 2010. |
FDIC’s Problem Banks List: Where Will It End? Posted: 24 Feb 2010 03:00 PM PST The FDIC is even more broke than it was three months ago. The fund the FDIC uses to "insure" your bank account went $20.9 billion in the red during the fourth quarter of 2009. That's more than twice the deficit reported when the fund first entered negative territory in the previous quarter. |
Solid Quarter For Federal-Mogul Posted: 24 Feb 2010 02:48 PM PST Federal-Mogul Corporation (NASDAQ:FDML) has revealed a profit of $46 million or 43 cents per share in the fourth quarter of 2009, in stark contrast to a loss of $532 million or $5.36 per share in the year-ago quarter. |
Posted: 24 Feb 2010 02:34 PM PST American Tower Corp. (NYSE:AMT) today declared fourth quarter 2009 financial results. On a GAAP basis, fourth quarter net income from continuing operations was $64.2 million or 16 cents per share compared to a net income of $82.8 million or 20 cents per share from continuing operations in the prior-year quarter. |
Video: Kodak To Privately Offer $440 MillionIn Senior Secured Notes Posted: 24 Feb 2010 02:24 PM PST Eastman Kodak announced that it will privately offer $400 million in notes to buy back shares & pay down debt. … [visit site to read more] |
Posted: 24 Feb 2010 02:20 PM PST The Washington Post Company (NYSE:WPO) recently reported fourth-quarter 2009 results. Quarterly earnings jumped to $8.71 per share from $2.01 reported in the prior-year quarter. |
Posted: 24 Feb 2010 02:07 PM PST Master limited partner, ONEOK Partners L.P. (NYSE:OKS) announced earnings of 93 cents per unit in fourth quarter 2009, in line with the Zacks Consensus Estimate of 93 cents. Earnings in the quarter were below $1.09 reported in the fourth quarter 2008. |
Forex Trading: Key Levels To Watch In EUR/USD Posted: 24 Feb 2010 02:01 PM PST A few readers have asked me to post on the current state of the EURUSD FOREX pair, and indeed there’s something interesting going on here and it’s definitely worth a look. Let’s see a long-term structure chart along with the key level to watch in the pair as we form positive divergences at the 61.8% Fibonacci Level - a very important inflection point for sure. (Click for full-size image) Taking the chart step-by-step, I’m showing the EUR-USD pair (this is the inverse of the US … [visit site to read more] |
Government Stimulates Private Economy With Thin Air Posted: 24 Feb 2010 02:00 PM PST Rep. Ron Paul is a Representative from Texas who I mistakenly called a Senator in a previous Mogambo Guru newsletter, which I understand is kind of an insult, and for which I apologize to Rep. Paul. The point being not that I am old and get confused, or that my editor is not catching those kinds of errors just because he doesn't read it anymore because he is apparently sick and tired of reading my Stupid Mogambo Crap (SMC). |
Video: NYSE Closing Bell Market Monitor: C, PFE Posted: 24 Feb 2010 02:00 PM PST The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more] |
Posted: 24 Feb 2010 01:55 PM PST Interactive Data Corporation (NYSE:IDC) reported fourth quarter 2009 EPS of 34 cents, just short of the Zacks Consensus Estimate of 35 cents per share. |
Smucker Beats, Raises Guidance Posted: 24 Feb 2010 01:43 PM PST The J.M. Smucker Company (NYSE:SJM) reported results for the third quarter of 2010 with earnings of $1.17 per share. Earnings were well above the Zacks Consensus Estimate of 90 cents per share and were up 34.5% year-over-year. |
Video: Crude Rises On Fed Comments Posted: 24 Feb 2010 01:34 PM PST Fed Chairman Ben Bernanke stating that Fed rates still need to be lower in order for the economy to recover paved the way for crude prices to rise once again this session. … [visit site to read more] |
Frontier Meets But Profits Slide Posted: 24 Feb 2010 01:28 PM PST Frontier Communications (NYSE:FTR) announced fourth quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 15 cents, matching the Zacks Consensus Estimate. The result represents an improvement from 11 cents a share reported a year-ago. |
AMLN’s Obesity Pipeline Advances Posted: 24 Feb 2010 01:11 PM PST Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and partner Takeda Pharmaceutical Company Limited recently announced that they intend to advance their obesity combination treatment of pramlintide and metreleptin into phase III studies. |
88% Scientifically Accurate Predictor Of Gold Value Posted: 24 Feb 2010 01:00 PM PST Predicting the price of gold in the future has always been more art than science. Stocks, bonds, and other investments are generally valued based on their future cash flows, an attribute that gold simply doesn't have. In fact, beyond taking note of macroeconomic principles and using historical trends as a guide there are few agreed upon techniques for understanding gold's price movement. |
Posted: 24 Feb 2010 12:59 PM PST Expeditors International of Washington Inc.'s (NASDAQ:EXPD) fourth quarter net income of 32 cents per share was below both the Zacks Consensus Estimate of 28 cents and the year-ago earnings of 36 cents. For the full year 2009, the company's earnings declined 19% to $1.11 per share compared to $1.37 in 2008. This compares favorably with the Zacks Consensus Estimate of $1.07 per share. |
Posted: 24 Feb 2010 12:47 PM PST United Technologies Corp (NYSE:UTX) sold $2.25 billion in debt in a two-part sale. This includes $1.25 billion of 10-year notes priced to yield 87 basis points over comparable U.S. Treasuries and $1.0 billion of 30-year bonds priced to yield 109 basis points more than U.S. Treasuries. |
Posted: 24 Feb 2010 12:31 PM PST Range Resources Corp. (NYSE:RRC) has reported better-than-expected fourth-quarter earnings on the back of increased production volumes and improved liquids prices. |
Watson Beats, Maintains Guidance Posted: 24 Feb 2010 12:19 PM PST Watson Pharmaceuticals Inc. (NYSE:WPI) reported fourth quarter earnings of 85 cents per share, well above the Zacks Consensus Estimate of 72 cents and the year ago earnings of 64 cents. Earnings for the full year came in at $3.04, 23% above the year-ago period. |
Video: 02/24 FX Options Report Posted: 24 Feb 2010 12:12 PM PST The USD weakened vs. the EUR, JPY, after Bernanke said interest rates will remain low for an “extended period.” … [visit site to read more] |
Posted: 24 Feb 2010 12:07 PM PST Blue Coat Systems Inc. (NASDAQ:BCSI) reported fiscal 2010 third-quarter results after the closing bell on Wednesday. The company posted GAAP earnings of $6.9 million, compared to $1.1 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 27 cents, which squeezed past the Zacks Consensus Estimate by a penny. |
Why More ETFs Veered Away From Their Benchmarks In 2009 Posted: 24 Feb 2010 12:01 PM PST Last year may have been a breakout year for exchange traded funds (ETFs), but some ETFs did not perform as well as they should have. The disparity between ETFs and the benchmarks they try to reflect widened. According to a study conducted by Morgan Stanley (NYSE:MS), ETFs veered away from their benchmarks by an average of 1.25% in 2009, a gap more than twice as much as the 0.52% average for 2008, reports Ian Salisbury for The Wall Street Journal. Everyone focuses on the benefits of ETFs - … [visit site to read more] |
Market Vectors Nuclear Energy ETF (NYSE:NLR): Taking Your Position In The “Go Nukes” Era Posted: 24 Feb 2010 12:00 PM PST The "No Nukes" era has been replaced by the "Go Nukes" era…and uranium stocks are a great way to play the trend. |
Posted: 24 Feb 2010 11:52 AM PST We have recently upgraded our recommendation on CVS Caremark Corporation (NYSE:CVS) to Neutral. During the fourth quarter of 2009, the company reported earnings per share (EPS) of 79 cents, beating the Zacks Consensus Estimate by a penny. Revenues increased 7% year-over-year to $25.8 billion, driven by the robust growth of both segments – Pharmacy Services and Retail Pharmacy. |
These Healthcare Insurance Stocks Are Ready To Rise Posted: 24 Feb 2010 11:47 AM PST Wednesday, February 24, 2010: Issue #1203 |
Forex Trading: GBPUSD Moves Below The Low From Yesterday/the Week And Tests Support At 1.5380 Posted: 24 Feb 2010 11:47 AM PST The GPUSD has made a new low for the week at the 1.5385 level. The high for the week reached the 1.5574 level yesterday. |
Will Legg Mason Jumpstart Actively-Managed ETFs? Posted: 24 Feb 2010 11:38 AM PST Legg Mason appears ready to make its long anticipated move into the active ETF space. The Baltimore-based asset management firm filed for approval with the SEC that would allow it to introduce actively-managed ETFs to U.S. markets. Filing for exemptive relief is one of the first steps on the road to launching ETFs, and requires very little in the way of disclosure from would-be ETF issuers. Legg's filing mentioned that potential ETF products could include domestic equities, global equities, … [visit site to read more] |
St. Joe Reports Quarterly Loss Posted: 24 Feb 2010 11:37 AM PST The St. Joe Company (NYSE:JOE), a publicly held operationally diverse real estate company, reported a net loss of $59.3 million or 65 cents per share in the fourth quarter of 2009 compared to a net loss of $27.9 million or 31 cents per share in the year-earlier quarter. |
Posted: 24 Feb 2010 11:23 AM PST TransDigm Group Inc (NYSE:TDG) reported earnings from continuing operations of 67 cents per share, exceeding the Zacks Consensus Estimate of 34 cents. |
Autodesk Tops, Rises Sequentially Posted: 24 Feb 2010 11:21 AM PST A leader in 2D and 3D design, Autodesk Inc.'s (NASDAQ:ADSK) fourth quarter results (both revenue and earnings) beat the Zacks Consensus Estimate and the company's own guidance. |
The FDIC’s $20.9 Billion Problem Posted: 24 Feb 2010 11:21 AM PST by Martin Denholm, Senior Editor, Investment U |
Posted: 24 Feb 2010 10:17 AM PST Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE:TXT) company, and Granite Tactical Vehicles Inc., has won a contract to deliver 3 upgraded High Mobility Multipurpose Wheeled Vehicles (HMMWVs) to the United State Marine Corps Warfighting Lab for testing. |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 1 Posted: 24 Feb 2010 07:16 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 2 Posted: 24 Feb 2010 07:15 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 3 Posted: 24 Feb 2010 07:14 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 4 Posted: 24 Feb 2010 07:13 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 5 Posted: 24 Feb 2010 07:12 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 6 Posted: 24 Feb 2010 07:11 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 7 Posted: 24 Feb 2010 07:10 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Steve Meizinger On “Back To Basics FX Options Greeks”, Part 8 Posted: 24 Feb 2010 07:09 AM PST Join Steve Meizinger, Director of Education at the ISE, as he provides an options refresher specifically geared toward FX traders. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 1 Posted: 24 Feb 2010 07:08 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 2 Posted: 24 Feb 2010 07:07 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 3 Posted: 24 Feb 2010 07:06 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 4 Posted: 24 Feb 2010 07:05 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 5 Posted: 24 Feb 2010 07:04 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 6 Posted: 24 Feb 2010 07:03 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Mike Tosaw On “Balancing Your Portfolio With FX Options”, Part 7 Posted: 24 Feb 2010 07:02 AM PST Join Mike Tosaw, a top options instructor and Registered Representative at Know Your Options, as he discusses longer-term options strategies. … [visit site to read more] |
Analyst Interviews: Semiconductor Outlook & Stock Review Posted: 23 Feb 2010 09:00 PM PST The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive, the phones we communicate with, the electronic gadgets on which we watch movies, listen to music and play games on, and the planes and weapons used to transport or protect us use semiconductor devices. |
Singapore Stock Market Update For Wednesday 24 February Posted: 23 Feb 2010 05:44 PM PST Morning Highlights Bought OSIM at 0.72, Stop Loss at 0.695 and Take Profit at 0.745 (Small Risk) – LOSS, CLOSED at … [visit site to read more] |
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