Daily Markets - Financial News And Opinions |
- Forex Trading: EURUSD Breaks Through The 100 Hour MA Support And Scoots Lower
- Comparing Registered Retirement Savings Plans And Tax Free Savings Accounts With Debbie Ammeter Of Investors Group
- How Uncle Sam Crowds Out BioTech
- Frontier Hails FCC Broadband Plan
- Arena Loss Wider Than Expected
- Halliburton Retains Neutral Rating
- The Dubai - Hainan Connection: The Millionaire Speculators Of Wenzhou, China
- UBS Pays Executives $51.8M
- American Dairy Posts Sluggish Q4
- Earnings Scorecard: Sara Lee
- Factset Revenue Grows, EPS Beats
- Drunken Spending To Keep The Housing Market Sober
- One Nation Over Gas: A Gasified U.S. Economy
- DFS Posts Loss, Will Repay TARP
- Daily ETF Roundup: FXI Rises, VXX Continues Slide
- CSC Wins Mega Deal
- Earnings Scorecard: TriQuint
- Video: NYSE Closing Bell Market Monitor: HIG, BBI,
- US Steel: More Debt, Same Rating
- Video: AT&T’s Green Future Involves Trees & Vampires
- DPL Building Solar Facility
- FUQI Restatement Sends Shares Plunging
- Nucor Guides Up, Our Rec Follows
- Cummins Being Optimistic
- UAW & NUMMI Reach Agreement
- City Of Milan Charges JP Morgan, Deutsche Bank, And UBS With FRAUD
- A.M. Best Positive On RNR Notes
- Inside The Five Most Expensive ETFs
- Montpelier Predicts Initial Losses
- PepsiCo, Inc (NYSE:PEP) – Dividend Hike Marks 38th Consecutive Increase
- Eni Downgraded
- Live From Investment U: Behind The Scenes… Ahead Of The Crowd
- Video: 03/17 FX Options Report
- Statoil Invests For More Oil
- Is Your Money What You Think It Is?
- Rolls Royce Picks Parker Hannifin
- Backwardation: How To Play The Moving Oil Market
- Video: Crude Prices Rise On Data & Inventory
- The Slow Drip Of Chinese Currency Torture
- Video: Market Movers: LSI, CPF, AIB, BRCM, ANN
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 1
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 2
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 3
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 4
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 5
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 6
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 7
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 8
- Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 9
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 1
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 2
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 3
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 4
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 5
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 6
- John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 7
| Forex Trading: EURUSD Breaks Through The 100 Hour MA Support And Scoots Lower Posted: 17 Mar 2010 06:01 PM PDT The EURUSD's 100 hour MA was breached at the 1.3729 price and the price has scooted to a low of 1.3711. The price should now find resistance against the 1.3729 level and should stay below the 1.3737 level (close from yesterday). If the hourly bar closes below the 1.3729 price, the downside should look to target the 200 hour MA at the 1.3679 level currently with interim support at the 1.3700 level (see chart above). Watch 1.3729 to hold corrective … [visit site to read more] |
| Posted: 17 Mar 2010 05:01 PM PDT According to the fourth annual Investors Group RRSP Exit Poll, the 2009 tax year saw increases in the number of Canadians making contributions to Registered Retirement Savings Plans (RRSPs) and Tax Free Savings Accounts (TFSAs). Always curious to probe the insights of professionals in the investment industry, I extended an invitation to Debbie Ammeter, Vice President, Advanced Financial Planning Support, Investors Group to answer a few questions about the Investors Group RRSP Exit … [visit site to read more] |
| How Uncle Sam Crowds Out BioTech Posted: 17 Mar 2010 04:00 PM PDT When, as is the case now, government uses its coercive powers of taxation and financial regulation to control capital, there is far less available to markets for sustainable economic growth. As a result, the economy suffers. |
| Frontier Hails FCC Broadband Plan Posted: 17 Mar 2010 03:53 PM PDT Leading rural telecom carrier Frontier Communications (NYSE:FTR) has applauded the Federal Communications Commission's (FCC) National Broadband Plan (NBP), which the agency submitted to the Congress on March 16, 2010. In its statement, the carrier appreciated FCC's initiatives to expand broadband accessibility for all Americans. |
| Arena Loss Wider Than Expected Posted: 17 Mar 2010 03:35 PM PDT Arena Pharmaceuticals, Inc.'s (NASDAQ:ARNA) fourth quarter fiscal 2009 net loss per share came in at 38 cents (excluding special items), wider than the Zacks Consensus Estimate of a loss of 30 cents. The year-ago loss was 84 cents. For 2009, the company reported a loss per share of $1.81 (excluding special items) compared to a loss of $3.21 (excluding special items) in 2008. |
| Halliburton Retains Neutral Rating Posted: 17 Mar 2010 03:17 PM PDT Halliburton (NYSE:HAL) enjoys a strong competitive position in the global oilfield services market. We like the company's broad and technologically complex product and service offerings, along with its robust financial profile. Halliburton is among the top three players in each of its product/service categories, and is present in all major hydrocarbon-producing regions of the world. |
| The Dubai - Hainan Connection: The Millionaire Speculators Of Wenzhou, China Posted: 17 Mar 2010 03:01 PM PDT What does Dubai have in common with Hainan Island, China? The Answer: China’s infamous real estate speculators of Wenzhou. I was recently pointed to a juicy background story at India Times of global property speculation leading from Wenzhou across the globe to Dubasi and then back to Hainan Island where just one month earlier, the Wenzhou gang descended upon this tropical island paradise in a well-timed frenzy of property speculation, even by fast-rising Chinese property market … [visit site to read more] |
| Posted: 17 Mar 2010 02:57 PM PDT Bailed out Swiss bank UBS AG (NYSE:UBS), which suffered a loss for a third consecutive year, has paid out $51.8 million in compensation to executive board members for 2009. |
| American Dairy Posts Sluggish Q4 Posted: 17 Mar 2010 02:44 PM PDT American Dairy Inc. (ADY) swung to a fourth-quarter net loss of $27.0 million, or $1.34 per share, from a net profit of $25.1 million, or $1.42 per share in the year-ago quarter. Excluding special items, adjusted loss per share came in at $1.29, which was way behind the Zacks Consensus Estimate for a profit of 3 cents per share. The disappointing results were primarily caused by sluggish revenue and gross profit performance. |
| Posted: 17 Mar 2010 02:28 PM PDT Last month, Sara Lee Corp. (NYSE:SLE) reported strong results for the second quarter of fiscal 2010. Earnings for the quarter were $0.36 compared to $0.20 during the same period of fiscal 2009. Earnings were well above the Zacks Consensus Estimate of $0.23. |
| Factset Revenue Grows, EPS Beats Posted: 17 Mar 2010 02:11 PM PDT FactSet Research (NYSE:FDS) reported EPS for the quarter of 75 cents, exceeding the Zacks Consensus Estimate of 74 cents. The company reported revenue for the second quarter of $157.3 million, up 0.5% from $156.5 million reported in the year-ago quarter. The company is witnessing some benefits from investments made during the downturn, as well as the highest quarterly user growth in two years. Geographically, revenues from the U.S. were $106.8 million, flat compared to the year- ago … [visit site to read more] |
| Drunken Spending To Keep The Housing Market Sober Posted: 17 Mar 2010 02:01 PM PDT As the legend goes, some 1,600 years ago a Celtic missionary banished the serpents from Ireland, using little more than divine assistance and his walking stick. It's in fancy paintings, so it must be true: Were they really snakes, or rather an unpopular religious sect? Was St. Patty even Irish? |
| One Nation Over Gas: A Gasified U.S. Economy Posted: 17 Mar 2010 02:01 PM PDT From The Economist, an excellent article about how an unconventional glut of natural gas in America is shifting the balance of power in the world’s gas markets: “North America now has an unforeseen surfeit of natural gas. The United States has enough gas under its soil to inspire dreams of self-sufficiency. Other parts of the world may also be sitting on lots of gas. Those in the vanguard of this global gas revolution say it will transform the battle against carbon, threaten coal’s … [visit site to read more] |
| DFS Posts Loss, Will Repay TARP Posted: 17 Mar 2010 01:57 PM PDT Discover Financial Services (NYSE:DFS) reported a fiscal first quarter loss as the company bolstered its loan loss reserves. However, the company has received the regulatory approval to payback the $1.2 billion bailout money. |
| Daily ETF Roundup: FXI Rises, VXX Continues Slide Posted: 17 Mar 2010 01:52 PM PDT After starting the day strong, most equity markets slumped in afternoon trading before finishing the day with a surge. This stretch of positive returns, the sixth in a row for the Dow, came after continued jubilation regarding Federal Reserve monetary policies. "There's no question the Fed being easy continues to feed this. Easy money is creating massive misallocations everywhere, and that party can continue. As long as you have Ben the bartender manning the tap, anything is possible," … [visit site to read more] |
| Posted: 17 Mar 2010 01:45 PM PDT Leading information technology (IT) company Computer Science Corporation (NYSE:CSC) has won another major contract. The IT major recently disclosed that it is one among the two chosen companies to be awarded the Visa Services indefinite-delivery/indefinite-quantity (IDIQ) contract by the Department of State (DoS) Bureau of Consular Affairs its. As per the agreement, CSC will provide a range of visa-related business process support services, local stand-alone facilities, and oversight and … [visit site to read more] |
| Posted: 17 Mar 2010 01:41 PM PDT TriQuint Semiconductor Inc. (NASDAQ:TQNT) recently reported fourth quarter 2009 net income per share of 14 cents, beating the Zacks Consensus Estimate of 11 cents and management's revised expectation of 12 – 13 cents. |
| Video: NYSE Closing Bell Market Monitor: HIG, BBI, Posted: 17 Mar 2010 01:34 PM PDT 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] |
| US Steel: More Debt, Same Rating Posted: 17 Mar 2010 01:30 PM PDT Ratings agency Fitch Ratings has assigned a “BB+” rating to United States Steel Corporation's (NYSE:X) $500 million debt issued recently, reports AP. According to Fitch, "BB+” rated debt is non-investment grade or junk bond and is more vulnerable to changes in the economy. The company plans to use the proceeds from the notes due 2020 for general corporate purposes. Fitch had earlier downgraded US Steel’s rating on similar debt to "BB+” from "BBB-", citing a lack of visibility of both an … [visit site to read more] |
| Video: AT&T’s Green Future Involves Trees & Vampires Posted: 17 Mar 2010 01:29 PM PDT AT&T announced Wednesday that it will soon extend its green energy practices by offering incentives for paperless billing and by introducing new, greener chargers for mobile phones. … [visit site to read more] |
| Posted: 17 Mar 2010 01:25 PM PDT DPL Inc.'s (NYSE:DPL) unregulated subsidiary, DPL Energy Resources, will build a 60 kilowatt (kW) solar array at the Mound Advanced Technology Center in Miamisburg, a former Department of Energy Weapons site. Along with the company's other solar installation on Yankee road, this project will help DPL meet the goals of Ohio's energy legislation, which includes targets for generating electricity with renewable sources such as solar, wind and biofuels. After completion, the facility … [visit site to read more] |
| FUQI Restatement Sends Shares Plunging Posted: 17 Mar 2010 01:22 PM PDT Shares of FUQI International, Inc. (NASDAQ:FUQI), the Chinese jewelry manufacturer and retailer, got hammered today on news that the company will be restating earnings for the first three quarters of 2009 due to accounting errors. |
| Nucor Guides Up, Our Rec Follows Posted: 17 Mar 2010 01:15 PM PDT Nucor Corporation (NYSE:NUE) provided its first quarter 2010 earnings update, indicating it expected earnings per share to be in the range of a loss of 5 cents to earnings of 5 cents per share. The Zacks Consensus Estimate is pegged at net earnings of 2 cents in the first quarter. Nucor had reported a loss of 60 cents in the first quarter of 2008. |
| Posted: 17 Mar 2010 01:11 PM PDT At a meeting at the New York Stock Exchange, Cummins Inc. (NYSE:CMI) has revealed that it expects to top its 2008 sales record of $14 billion during 2012. For 2014, the Indiana-based manufacturer and distributor of diesel and natural gas engines, electric power generation systems and engine-related components, fuel systems, controls and air handling systems has set a target of $20 billion in sales and Earnings before Interest and Taxes (EBIT) of 12.5% of sales. Cummins' optimism is based on … [visit site to read more] |
| Posted: 17 Mar 2010 01:10 PM PDT The United Auto Workers union (UAW) has reached a tentative agreement with Toyota Motors (NYSE:TM) to shut down the New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, California. The agreement, which includes payouts for workers, is subject to a ratification vote by the plant’s workers, which is likely to take place later this week. The plant is scheduled to close on April 1. Earlier this month, Toyota agreed to spend $250 million to fund transitional support for plant … [visit site to read more] |
| City Of Milan Charges JP Morgan, Deutsche Bank, And UBS With FRAUD Posted: 17 Mar 2010 01:01 PM PDT Will Caveat Emptor once again be the order of the day as the City of Milan charges JP Morgan (NYSE:JPM), Deutsche Bank (DBS), UBS (NYSE:UBS), and Hypo Real Estate’s Depfa Bank unit with fraud in the sales of derivatives? Bloomberg reports on this breaking story this morning in writing, Deutsche Bank, JP Morgan, UBS Are Charged with Derivatives Fraud: |
| A.M. Best Positive On RNR Notes Posted: 17 Mar 2010 12:55 PM PDT On Tuesday, rating action taken by rating agency A.M. Best Co. on RenRe North America Holdings Inc.'s recently issued $250 million fixed rate 5.75% senior unsecured notes due 2020 looks positive for the issuer. The notes are fully and unconditionally guaranteed by RenaissanceRe Holdings Ltd. (RenRe) (NYSE:RNR). The rating agency has assigned a debt rating of "a-” to these notes and the rating outlook remains stable. |
| Inside The Five Most Expensive ETFs Posted: 17 Mar 2010 12:49 PM PDT The rise of the ETF industry is often attributed (in large part at least) to a shift in investor preference from pricey active management to low-cost indexing strategies. ETFs burst on to the investment scene by offering fees equivalent to only a fraction of those charged by traditional actively-managed mutual funds, and have continued to attract assets as investors frustrated with the inability of active management to consistently generate alpha seek out more cost-efficient alternatives. |
| Montpelier Predicts Initial Losses Posted: 17 Mar 2010 12:47 PM PDT Yesterday, Montpelier Re Holdings Ltd. (NYSE:MRH) announced its preliminary loss estimates from the 8.8 magnitude earthquake in Chile, European Windstorm Xynthia and the Australian hailstorms. Montpelier expects to incur pre-tax net losses of $75 million to $100 million from the earthquake in Chile. Additionally, the company estimates its combined pre-tax net losses from European Windstorm Xynthia and the Australian hailstorms to be less than $10 million. The estimates of Montpelier are net of … [visit site to read more] |
| PepsiCo, Inc (NYSE:PEP) – Dividend Hike Marks 38th Consecutive Increase Posted: 17 Mar 2010 12:45 PM PDT New York-based PepsiCo (NYSE:PEP), the international food, beverage, and snack company I'm sure you're all familiar with, recently had its corporate credit rating downgraded by S&P. It's been lowered to A from A+. |
| Posted: 17 Mar 2010 12:40 PM PDT We are downgrading Eni SpA (NYSE:E) ADRs to Underperform from Neutral. Our primary concerns for the company are the lack of a clear dividend policy, a declining dividend yield trend, cyclical low returns, threat of rising competition to its core gas business and the quality of its upstream growth profile. |
| Live From Investment U: Behind The Scenes… Ahead Of The Crowd Posted: 17 Mar 2010 12:29 PM PDT To the right… the U.S. Navy Fleet Warfare Training Center… |
| Video: 03/17 FX Options Report Posted: 17 Mar 2010 12:26 PM PDT The USD traded mixed vs. the major currencies. Central banks and lower-than-expected PPI data weighed on the majors. … [visit site to read more] |
| Posted: 17 Mar 2010 12:25 PM PDT Statoil ASA (NYSE:STO), a Norwegian state-owned integrated oil and gas company, said that it will invest 20 billion kroner ($3.41 billion) for further development of Norway’s largest gas field, Troll. The development includes more wells and pipelines. The company also said that the main purpose of this investment is to increase oil production from this field. Management is targeting an oil recovery rate of 50% by 2020 from the current 39%. Troll is a natural gas and oil field in the … [visit site to read more] |
| Is Your Money What You Think It Is? Posted: 17 Mar 2010 12:15 PM PDT Louis James (Senior Editor, Casey Research): Doug, last time we spoke, you said quite a bit about debt, in the context of your expectation that the euro is on its way out. At the end of that conversation, you mentioned, of course, that the problem is not limited to Greece, nor the eurozone. America as a country has become a world-class debtor, and many Americans seem to think a maxed-out credit card is a reason to get a higher credit limit, not to economize. It's like a global epidemic. … [visit site to read more] |
| Rolls Royce Picks Parker Hannifin Posted: 17 Mar 2010 12:07 PM PDT Rolls-Royce Group has opted to add Parker Aerospace's heat management valves to the pneumatics package it already supplies on the Trent XWB engine program. The Rolls-Royce Trent XWB is the only engine currently available to power the new Airbus A350 family of aircrafts. Parker Hannifin (NYSE:PH) estimates that the package has the potential to contribute approximately $175 million in revenues over the lifetime of the program. |
| Backwardation: How To Play The Moving Oil Market Posted: 17 Mar 2010 11:36 AM PDT Investors who want to know the near-term course for oil prices can simply check out the futures market, where buyers and sellers bid on commodities intended for later delivery. |
| Video: Crude Prices Rise On Data & Inventory Posted: 17 Mar 2010 11:16 AM PDT Front month crude prices were on the upside this session following a slide in gasoline inventories and a drop in the US producer price index. … [visit site to read more] |
| The Slow Drip Of Chinese Currency Torture Posted: 17 Mar 2010 11:05 AM PDT When it comes to the Chinese currency, the US is in a bind. The outcomes are problematic whether China allows the yuan to appreciate or not. |
| Video: Market Movers: LSI, CPF, AIB, BRCM, ANN Posted: 17 Mar 2010 10:30 AM PDT The latest news and information on U.S. stocks that are moving the market. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 1 Posted: 17 Mar 2010 08:53 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 2 Posted: 17 Mar 2010 08:52 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 3 Posted: 17 Mar 2010 08:51 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 4 Posted: 17 Mar 2010 08:50 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 5 Posted: 17 Mar 2010 08:49 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 6 Posted: 17 Mar 2010 08:48 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 7 Posted: 17 Mar 2010 08:47 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 8 Posted: 17 Mar 2010 08:46 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| Jack Crooks On “China’s Conflicting Relationship With The U.S. Dollar”, Part 9 Posted: 17 Mar 2010 08:45 AM PDT Join Jack Crooks, founder and president of Black Swan Capital, as he discusses China’s conflicting relationship with the U.S. dollar. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 1 Posted: 17 Mar 2010 08:44 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 2 Posted: 17 Mar 2010 08:43 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 3 Posted: 17 Mar 2010 08:42 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 4 Posted: 17 Mar 2010 08:41 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 5 Posted: 17 Mar 2010 08:40 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 6 Posted: 17 Mar 2010 08:39 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
| John Person On “Using Technical Analysis To Develop An FX Options Strategy”, Part 7 Posted: 17 Mar 2010 08:38 AM PDT Join John Person, a professional trader and author of several popular trading books, as he shares his unique methodology. … [visit site to read more] |
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