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Jul 26, 2010

MarketWatch : Personal Finance Daily.- July 26, 2010

MarketWatch
Personal Finance Daily
JULY 26, 2010

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Where do you invest in these risky times? For some, the answer is their house. That is, they're bringing cash to the table when they refinance, in an attempt to buy out their old loan and refinance into a lower-rate one -- possibly even one with a shorter term. Read Amy Hoak's Home Economics column for more on how and why more people are choosing cash-in refinancing.

It's a curious strategy when you think about how home prices are still declining in some areas. On the other hand, that's not true everywhere, and perhaps these cash-in refinancers are concentrated in stronger markets, pricewise.

If you plan to stay in your home a long time, then reducing that debt certainly is appealing, especially when investing your savings elsewhere these days is not going to get you very far.

-- Andrea Coombes , Personal Finance editor


REAL ESTATE

A cash-in refinance can cut mortgage costs

Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallets. Today, some borrowers are doing the reverse, bringing cash to the closing table when they refinance their home loans.
See story on a cash-in refinance can cut mortgage costs.


New-home sales rebound in June from record low

U.S. sales of new homes scored a better-than-expected rebound in June after having plumbed record lows a month earlier, government data showed Monday.
See story on new-home sales rebound in June from record low.


HEALTH CARE

New drugs for cystic fibrosis bring hope

Emily Schaller likes to travel as part of the cystic-fibrosis advocacy she does, but the daily regimen she uses to manage her disease weighs her down.
See story on new drugs for cystic fibrosis bring hope.


Sitting can be dangerous to your health

The practice of sitting in one place for too long can lead to a shorter life, even if you exercise, according to a new study. In this week's Health Minute, MarketWatch's Kristen Gerencher offers some tips on how to stay healthy.
 Watch video report on sitting can be dangerous to your health.


TAXES

Bush-era tax cuts a likely election theme

Democrats are aiming to push legislation extending the Bush-era tax cuts for the middle class ahead of the midterm elections. But with Republicans and several Democrats advocating a similar extension for high earners too, prospects for passage before November balloting appear uncertain.
See story on Bush-era tax cuts a likely election theme.


Tax tips for summer workers

Students with summer jobs know by now that a good chunk of the money they earn doesn't end up in their wallets. Part-time and seasonal workers are subject to the same tax rules as other employees. For many college-age workers, it's a rude awakening.
See story on tax tips for summer workers.


CAREERS

To find my dream job, I didn't just dream

If you can dream it, you can live it. How often do we hear that? How often are we told that we can't live our dream unless we first visualize it in our head?
See story on to find my dream job, I didn't just dream.


Using hobbies to enhance your career

The training budget may have been slashed, but you don't have to wait for a complete economic recovery to get ahead. You can turn other parts of your life, including any volunteerism, into applicable work experience that can be used to enhance your current career or even start a new one.
See story on using hobbies to enhance your career.


INVESTING

Emerging markets' outperformance draws investors

International stock mutual funds and exchange-traded funds could attract more new money this year over 2009, powered in part by emerging markets holding up better than developed nations in the downturn.
See story on emerging markets' outperformance draws investors.


Five places to invest before you retire

While the start of this year was all about the misery of the PIIGS, the rest of the year is likely to focus on the mastery of the STINC.
See story on five places to invest before you retire.


Ten stock-market myths that just won't die

The Dow Jones Industrial Average (DJIA) last week ended up pretty much where it had been a little more than a week earlier. A rousing 200-point rally on Wednesday mostly made up for the distressing 200-point selloff the previous Friday.
See story on 100 stock-market myths that just won't die.


A stock market that can't decide

The past few days have provided one of those curiosities that make investing a bit confounding.
See story on a stock market that can't decide.


Firsthand shareholders get second-rate deal

Mutual-fund managers typically don't want to make bad performance worse, but that seems to be the path Kevin Landis has set for the Firsthand Technology Value Fund.
See story on Firsthand shareholders get second-rate deal.


ETF for Chinese real-estate companies heats up in July

One of the top-performing exchange-traded funds so far in July tracks Chinese real-estate companies, and the small ETF has rallied more than 10% amid persistent talk of a bubble in China's property market.
See story on ETF for Chinese real-estate companies heats up in July.


CARS

The 2010 Lexus GX460

I read a wonderful review of the Jeep Wrangler the other day that summed up both its charms and demerits. I still think I would love one parked permanently in the driveway.
See Car Review on 2010 Lexus GX460.


TRAVEL

How to beat baggage fees

Another reason to pack light: More airlines are making you pay to check luggage these days. But there are ways to minimize or avoid the expense.
See story on how to beat baggage fees.


ESTATE PLANNING

When trusts meet retirement accounts

Many parents want to control how quickly their children can draw down the retirement accounts they inherit -- and are fixating on trusts as the answer. But setting up such a trust can be a complicated and risky process.
See story on when trusts meet retirement accounts.


ECONOMY & POLITICS

Private sector must drive economy: Geithner

The United States economy is gradually recovering, but the private sector now must drive growth rather than the government, Treasury Secretary Timothy Geithner said Sunday.
See story on private sector must drive economy: Geithner


Second quarter gets no respect

The second quarter is getting no respect. Only a few weeks ago, the quarter was strutting along the beach. Now even economists are kicking sand in its face.
See Economic Preview.


Obama, Republicans spar over jobs

President Barack Obama and congressional Republicans sparred over jobs on Saturday, with each lambasting the others' policies in the face of persistently high unemployment and new data showing a rising deficit.
See story on Obama, Republicans spar over jobs.


GULF OIL SPILL

BP's Hayward may be reassigned to Russia

BP PLC (BP) Chief Executive Tony Hayward will step down from his post in October and be reassigned to the company's joint venture in Russia, according to reports that surfaced as the oil major's board of directors held a pivotal meeting Monday.
See story on BP's Hayward may be reassigned to Russia

María Bartiromos- Week On the Street - Higher Profits on Lower Revenues.

* The first estimate of second-quarter economic growth will be released on Friday. The final reading on first-quarter growth came in at 2.7 percent.
* We’ll get two readings on how consumers are feeling. The newest Consumer Confidence Index comes out Tuesday, and the final July measure of the University of Michigan’s Consumer Sentiment Survey will be released Friday.
* We’re also still heavy into earnings season. Companies releasing quarterly results this week include Boeing, Sprint Nextel and Chevron.



Maria's Investor Brief: July 26, 2010

CNBC : Evening Brief:.-New Wave of Whistleblowers Could Become Millionaires



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FOX BUSINESS : Breaking Business News.- FedEx, Data Deliver Rally.

 
Market Snapshot
Index Last Change %Change  
DJIA 10,525.43 +100.81 0.97% Hilighted
Nasdaq 2,296.43 +26.96 1.19%  
S&P 500 1,115.01 +12.35 1.12%  
FOX 50 806.54 +8.45 1.06%  
DIJA Chart
 

Traders 01 276
FedEx, Data Deliver RallyThe Dow climbed about 100 points as economic jitters were soothed by data and FedEx’s more bullish earnings outlook.
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$1T in Taxpayer Money at Risk

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Madoff Trustee Could Sue Victims

Irving Picard might sue about 1,000 victims whom he believes profited improperly from doing business with the now-imprisoned Bernie Madoff.

A Safe Play in Bondland?

Build America Bonds are like municipals with a twist. But are they right for you?

Creating a Strong Personal Brand

If you want to thrive in the labor market, you're going to have to put yourself out there as a brand.

NYT: Afternoon Business Update : Road to New Confidence at BP Runs Through U.S. July 26th., 2010


 Afternoon Business Update

 

Road to New Confidence at BP Runs Through U.S.

By JULIA WERDIGIER and JAD MOUAWAD
The expected choice of Robert Dudley as BP's next chief executive shows a recognition that the spill will be a top concern for some time.

Nike Agrees to Help Laid-Off Workers in Honduras

By STEVEN GREENHOUSE
Student groups had pressed Nike to pay severance that the two subcontractors in Honduras had failed to pay.

Much-Maligned, Stress Tests Begin to Reassure

By JACK EWING
Despite criticism from analysts, the results have won cautious approval from investors.

In India, British Leader to Focus on Business

By HEATHER TIMMONS
Mr. Cameron hopes to position British companies to receive some of the tens of billions India is expected to spend on projects like roads and power grids.

I.B.M. Is Target of Antitrust Inquiry in Europe

By KEVIN J. O'BRIEN
The European Commission says that I.B.M. might have abused its dominant position in the mainframe computer market.

RTTNews: Evening Market Wrap.- Stocks Rally On Rebound In New Home Sales, Revised FedEx Forecast . July 26th., 2010

Evening Market 
Wrap Mon Jul 26 17:01 2010

 


Commentary

Jul 26, 2010 Stocks Rally On Rebound In New Home Sales, Revised FedEx Forecast - U.S. Commentary Stocks posted strong gains to open the week on Monday, with buying interest chiefly driven by a stronger than expected rebound in new home sales and upwardly revised guidance from shipper FedEx (FDX). The Dow ended at its best level in over two months, while the Nasdaq and the S&P 500 both closed at five-week highs. Full Article

Economic News

Jul 26, 2010 June New Home Sales Rebound Well Off Record Low After reporting a steep drop in new home sales in the month of May due to the expiration of the homebuyer tax credit, the Commerce Department released a report Monday morning showing that sales rebounded by more than expected in June. The report showed that new home sales rose by 23.6 percent to an annual rate of 330,000 in June from the revised May rate of 267,000. Economists had expected sales to edge up to 310,000 from the 300,000 originally reported for the previous month. Full Article

Earnings News

Jul 26, 2010 Lorillard Q2 Profit Down 8%, Beats Estimates Cigarettes maker Lorillard, Inc. (LO) reported Monday an 8% year-over-year decline in profit for the second quarter, reflecting lower volumes and margin contraction. However, earnings per share for the quarter grew two cents on lower outstanding shares, and significantly topped analysts' expectations. Full Article
Jul 26, 2010 FedEx Lifts Q1, FY11 EPS Forecasts; Stock Up - Update Package delivery company FedEx Corp. (FDX) Monday raised its earnings per share outlook for the first quarter and full year, citing better-than-anticipated growth in FedEx Express and FedEx Ground volumes. The stock is up by over 5%. The company now expects earnings of $1.05 to $1.25 per share for the first quarter ending August 31, compared to the previous guidance of $0.85 to $1.05 per share for the quarter. In the year-ago period, earnings totaled $0.58 per share. Full Article
Jul 26, 2010 BP Earnings On Tap For Tuesday Energy giant BP is expected to report huge earnings on Tuesday, despite costs associated with cleaning up its massive oil spill in the Gulf of Mexico. Wall Street Analysts consensus calls for a profit of $1.39 a share on $72.6 billion revenue. Full Article

Political News

Jul 26, 2010 US-South Korea Military Drills In Full Swing Off Korean Peninsula The joint extensive military maneuvers by the United States and South Korea off the Korean peninsula is in full swing on Monday as both sides practiced anti-submarine exercises in the Sea of Japan, focused on detecting and destroying hostile submarines. Full Article
Jul 26, 2010 Obama Calls On Senate To Address Campaign Finance RestrictionsPresident Barack Obama Monday called on the Senate to pass a measure calling for greater disclosure of those responsible for political ads. Obama issued the call in the wake of a Supreme Court decision that struck down bans on corporate expenditures in the closing days of an election and in advance of an expected Senate vote Tuesday to determine whether to consider the measure. Full Article

Stocks To Watch

Jul 26, 2010 A silver lining in the cloud...Despite the recession and unstable economic recovery, this data-integration software maker has been growing year-over-year every quarter, for six consecutive years, and boasts a customer base exceeding 4,000. Full Article

Commentary

Jul 26, 2010 Stocks Rally On Rebound In New Home Sales, Revised FedEx Forecast - U.S. Commentary Stocks posted strong gains to open the week on Monday, with buying interest chiefly driven by a stronger than expected rebound in new home sales and upwardly revised guidance from shipper FedEx (FDX). The Dow ended at its best level in over two months, while the Nasdaq and the S&P 500 both closed at five-week highs. Full Article

Economic News

Jul 26, 2010 June New Home Sales Rebound Well Off Record Low After reporting a steep drop in new home sales in the month of May due to the expiration of the homebuyer tax credit, the Commerce Department released a report Monday morning showing that sales rebounded by more than expected in June. The report showed that new home sales rose by 23.6 percent to an annual rate of 330,000 in June from the revised May rate of 267,000. Economists had expected sales to edge up to 310,000 from the 300,000 originally reported for the previous month. Full Article

Earnings News

Jul 26, 2010 Lorillard Q2 Profit Down 8%, Beats Estimates Cigarettes maker Lorillard, Inc. (LO) reported Monday an 8% year-over-year decline in profit for the second quarter, reflecting lower volumes and margin contraction. However, earnings per share for the quarter grew two cents on lower outstanding shares, and significantly topped analysts' expectations. Full Article
Jul 26, 2010 FedEx Lifts Q1, FY11 EPS Forecasts; Stock Up - Update Package delivery company FedEx Corp. (FDX) Monday raised its earnings per share outlook for the first quarter and full year, citing better-than-anticipated growth in FedEx Express and FedEx Ground volumes. The stock is up by over 5%. The company now expects earnings of $1.05 to $1.25 per share for the first quarter ending August 31, compared to the previous guidance of $0.85 to $1.05 per share for the quarter. In the year-ago period, earnings totaled $0.58 per share. Full Article
Jul 26, 2010 BP Earnings On Tap For Tuesday Energy giant BP is expected to report huge earnings on Tuesday, despite costs associated with cleaning up its massive oil spill in the Gulf of Mexico. Wall Street Analysts consensus calls for a profit of $1.39 a share on $72.6 billion revenue. Full Article

Political News

Jul 26, 2010 US-South Korea Military Drills In Full Swing Off Korean Peninsula The joint extensive military maneuvers by the United States and South Korea off the Korean peninsula is in full swing on Monday as both sides practiced anti-submarine exercises in the Sea of Japan, focused on detecting and destroying hostile submarines. Full Article
Jul 26, 2010 Obama Calls On Senate To Address Campaign Finance RestrictionsPresident Barack Obama Monday called on the Senate to pass a measure calling for greater disclosure of those responsible for political ads. Obama issued the call in the wake of a Supreme Court decision that struck down bans on corporate expenditures in the closing days of an election and in advance of an expected Senate vote Tuesday to determine whether to consider the measure. Full Article

Stocks To Watch

Jul 26, 2010 A silver lining in the cloud...Despite the recession and unstable economic recovery, this data-integration software maker has been growing year-over-year every quarter, for six consecutive years, and boasts a customer base exceeding 4,000. Full Article

Real Clear Politics : July 26., 2010

Real Clear Politics Monday

Obama's Spending of Epic Proportions - James Capretta, Economics21
What We Can Learn From Europe - Thomas Geoghegan, In These Times
Decentralizing Health Care... In the UK? - Neal Boortz, Nealz Nuze
Leaks Add to Pressure on WH Over Strategy - Schmitt & Cooper, NY Times
Washington Post's "Top Secret America" - Hendrik Hertzberg, New Yorker
No Secrets If Everyone Has a Security Clearance - Diana West, Examiner
Reflections on Netroots Nation 2010 - Christine Pelosi, Huffington Post
Has the Stimulus Stimulated Anything? - Benjamin Zycher, Daily Caller
Taleb: Deficits Could Be Next 'Black Swan' - Ben Steverman, BusinessWeek
HorseRaceBlog: A Note on Gallup's Party Identification Map

RCP Morning Edition

Greed & Cowardice Killed Climate Bill - Paul Krugman, New York Times
Is It Time to End Climate Alarmism? - Mark Landsbaum, OC Register
Climate Bill is Good Policy & Good Politics - Sen. John Kerry, Roll Call
Not a State-Broken People - George Will, Cato Institute
Obama's Message: Things Could Be Worse - Erica Werner, Associated Press
Why Dems Think They Can Hold the House - David Corn, Politics Daily
How Obama Has Diminished His Stature - James Ceaser, Weekly Standard
Leaked Files Lay Bare War in Afghanistan - Jaffe & DeYoung, Wash Post
What the WikiLeaks Documents Really Reveal - Leslie Gelb, Daily Beast
JournoLism - David Warren, Ottawa Citizen
Time to Stand Up to the Right Wing - E.J. Dionne, Washington Post
No Jobs But More Benefits - Ralph Reiland, Pittsburgh Tribune-Review
The Big Hiring Freeze - Robert Samuelson, Newsweek
Feeling Gloomy? Maybe It's Time to Buy Stocks - Paul Lim, New York Times
How to Dismantle the Muni-Debt Bomb - Steven Malanga, City Journal
Training Crucial to Labor Market - Hilda Solis, Politico
Uncle Sam Is Worse Off Than Greece - Laurence Kotlikoff, Financial Times
Election 2010: Gallup: Dem Dominance Declining | Race Spotlight: IL-11

Editorials

The Democratic Fisc - Wall Street Journal
A Defeat for Stemming Climate Change in U.S. - San Francisco Chronicle
Time to Wind Down Fannie Mae and Freddie Mac - Dallas Morning News
Firings in D.C. Schools a Hopeful Sign - New York Post

RTTNews. Daily Market Analysis.- Cautious Trading Likely Following Recent Gains. July 26th., 2010

Daily Market Analysis Monday Jul 26 09:21 2010  

Jul 26, 2010 Cautious Trading Likely Following Recent Gains - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a lower opening on Monday, with sentiment reflecting uneasiness among traders following recent gains. Although the European stress test results did not produce discouraging results, traders are still anxious over the effect, a probable intensification of the sovereign debt crisis can have on the balance sheets of banks. Although the absence of any major earnings reports could fail to provide cues, traders may focus on the housing data to be released shortly after the markets open. Full Article

RTTNews: Morning Market Briefing.- Stocks Headed For Modestly Lower-Open - U.S. Commentary .July 26th., 2010

Morning Market Briefing Mon Jul 26 09:01 2010 

Commentary

Jul 26, 2010 Stocks Headed For Modestly Lower Open - U.S. Commentary Stocks are poised for a modest decline to open Monday's session, as traders await new home sales figures while digesting the latest quarterly corporate results. The major index futures are all in negative territory, with the Dow futures down by 19 points. Full Article

Economic News

Jul 26, 2010 Japan Nets JPY687.0 Bln Surplus In JuneJapan posted a merchandise trade surplus of 687.0 billion yen in June, the Ministry of Finance said on Monday, up 41.1 percent on year and marking the 13th consecutive monthly surplus. Full Article
Jul 26, 2010 Australia Producer Prices Rise Less Than Expected Australia's producer prices at the final stage of production rose in the June quarter but at a less than expected pace, data released by the Australian Bureau of Statistics showed on Monday. The subdued producer price inflation print lessens the pressure on the central bank to raise interest rates. Full Article
Jul 26, 2010 South Korea GDP Growth Slows The South Korean June quarter GDP grew compared to the March quarter, official figures showed on Monday. The growth was underpinned by strong exports and consumer spending. Although the growth slackened from the previous quarter, it came in ahead of the pace economists had been expecting. Full Article
Jul 26, 2010 U.K. House Prices Fall 0.1% In July - Hometrack U.K. house prices recorded a slight decrease in July as the supply of property exceeded demand, reports said on Monday citing a closely watched survey. Full Article
Jul 26, 2010 Walking A Fine LineA vague comment by Federal Reserve Chairman Ben Bernanke, qualifying the recovery's course as "unusually uncertain", triggered a negative reaction in the markets in the previous week. Full Article

Earnings News

Jul 26, 2010 Enterprise Products Q2 profit up 91%, beats estimateMonday, Enterprise Products Partners LP (EPD) reported a 91% jump in its second-quarter profit, reflecting a 38.8% growth in revenue. Earnings per share for the quarter came in above the Street view. The company noted that natural gas pipelines volumes were a record 12.7 trillion British thermal units per day, and equity natural gas liquid production also touched a record 125 thousand barrels per day. Full Article
Jul 26, 2010 Roper Industries Q2 profit up 20%; to buy Accel's software unit for $525 mlnMonday, Roper Industries Inc. (ROP) reported a 20% rise in profit for the second quarter, reflecting a 12% growth in revenue that surpassed the Street view. The company noted that orders surged 27% to a record $619 million. Further, the company also provided earnings outlook for the third quarter, while raising guidance for the full year. In addition, the company also announced that it agreed to buy food industry supply chain management software company iTradeNetwork from Accel-KKR for $525 million in cash. Full Article
Jul 26, 2010 FMC Technologies Q2 profit down 9%, yet beats estimate; backs FY10 EPS viewMonday, FMC Technologies, Inc. (FTI) posted a 9.2% decline in second-quarter profit, as revenue slid 8.3% due mainly to a dip in volume in Energy Production Systems segment. However, earnings per share came in above the Street view, while revenue fell short of expectations. For fiscal 2010, the company reiterated its earnings outlook. Full Article
Jul 26, 2010 Lorillard Q2 profit declines 8%, yet EPS rises, beats estimateMonday, Lorillard, Inc. (LO) said its second-quarter profit dipped 8%, reflecting lower volumes and higher promotional costs. Sales for the period was almost flat with last year. However, earnings per share increased on lower share count and surpassed the Street view, as did net sales excluding excise taxes. The company also noted that total wholesale shipments fell 0.9%, and gross margin came down 120 basis points to 52.2% from the past year. Full Article

Corporate News

Jul 26, 2010 Momenta gets FDA approval for its generic anti-clotting drug; shares almost doubleFriday, Momenta Pharmaceuticals Inc. (MNTA)said that the U.S. Food and Drug Administration gave approval for the company to market its generic version of Sanofi-Aventis' (SNY) blood thinning drug Lovenox, which is known by the generic name enoxaparin. The drug was developed under a collaboration agreement between Momenta and Sandoz, Novartis AG's (NVS) unit. The news catapulted the shares of Momenta almost two times its previous close. Full Article

Broker Ratings Changes

Jul 26, 2010 FBR Capital Markets Downgrades Teco Energy Inc (TE) To Market Perform From Outperform With $17 Price Target

Todays WS Events

Jul 26, 2010 Plum Creek Timber Q2 10 Earnings Conference Call At 5:00 PM ET Plum Creek Timber Co. Inc. (PCL) will host a conference call at 5:00 PM ET, July 26, 2010, to discuss its Q2 10 earnings results. To access the live webcast, log on at www.plumcreek.com To hear the live call, dial 1-800-572-9852 (US) or 1-706-645-9676 (International). A replay of the call can be heard by dialing 1-800-642-1687 (US) or 1-706-645-9291 (international), using the code 70045404.
Jul 26, 2010 Legg Mason Q1 11 Earnings Conference Call At 5:00 PM ET Legg Mason Inc. (LM) will host a conference call at 5:00 PM ET July 26, 2010, to discuss its Q1 11 financial results. To access the webcast, log on at www.leggmason.com The call can also be accessed by dialing 1-877-269-7756 (US) or 1-201-689-7817 (International). For replay of the call, dial 1-877-660-6853 (US) or 1-201-612-7415 (International) with account number 369 and ID 353728.
Jul 26, 2010 Fluor Q2 10 Earnings Conference Call At 5:30 PM ET Fluor Corporation (FLR) will host a conference call at 5:30 PM ET July 26, 2010, to discuss its Q2 10 financial results. To access the webcast, log on at investor.fluor.com The call can also be accessed by dialing 888-211-7383 (US) or 913-312-0391 (International) with Passcode 6080434. For replay of the call, dial 888-203-1112 (US) or 719-457-0820 (International) with Passcode 6080434.

NYT: Business.- Industries Find Surging Profits in Deeper Cuts.July 26th., 2010



BUSINESS:
 
Industries Find Surging Profits in Deeper Cuts  By NELSON D. SCHWARTZ
After cutting deeply during the recession, employers are aiming to keep profit margins high without rushing into hiring again. WASHINGTON MEMO

 
Warren’s Candidacy Raises a Partisan Debate   By BINYAMIN APPELBAUM
Elizabeth Warren has become a hero to liberals, so appointing her head of a new financial regulation bureau could lead to a partisan battle.

Exploring Algae as Fuel  By ANDREW POLLACK
Dozens of bioengineering laboratories are trying to create superalgae that can be used to make diesel or jet fuel.

More Business News

Market Watch Industry - Financial Services.- Asian Markets end Mostly Higher : Nikkey up 0.8 %





INDUSTRY -  FINANCIAL SERVICES




Asian markets end mostly higher; Nikkei up 0.8%
 
By V. Phani Kumar MarketWatch


Investors in the region react with relief to the results of the European bank stress tests. 


 
By Simon Kennedy MarketWatch


Markets gave a cautious thumbs-up to the European bank stress tests Monday, though Deutsche Bank shares declined after it was among a handful of lenders that didn’t provide all the figures analysts had sought. 


Money Morning:: Why Stoks Stuck In Trading Range... ? July 26th., 2010


July 27, 2010
Stocks Stuck in Trading Range Despite Positive Earnings Reports


By Jon D. Markman, Contributing Writer, Money Morning


Despite positive earnings reports last week from more than a few bellwether companies, stocks remain stuck in a trading range that continues to test investors' patience and skill.

Stocks launched higher last week in another round of the hyper-volatile action that has plagued the equity markets over the last three months. The good news is that some technical resistance was knocked out in the process, potentially setting the stage for a bigger rally in weeks to come.

The not-so-great reality: Stocks remain mired in the same range that has boxed them in for the past three months because, let's face it, despite their strong move they really only ended the week a fraction above where they started the previous week.

Read more about which stocks are leading the pack...


Markman on...
--
Canada: The World's Economic Compass
--
What Can 1962 Tell Us About Today's Stock Market?



Is this the most valuable market indicator ever? The last six times this indicators lit up, gold spiked $50... $65... $70... $80... $37... and $41 - in days. Right now, this amazing Gold-Spike Indicator is pointing to the second Tuesday in August for the next potential big run up... and it could be handing some investors gains of 700% or more if you know how to play it ahead of time. Go here now for all the details.



Why Second Quarter Earnings Haven't Spurred a Stock Market Rally

By Don Miller, Associate Editor, Money Morning


Second quarter earnings season is in full swing on Wall Street and investors are keeping a close eye on corporate profits.

But rather than pinning their hopes on earnings for relief from the recent downturn in stocks, investors seem to be suffering from tunnel vision. They're ignoring numerous positive earnings reports and instead focusing on macro-economic trends to determine the day-to-day fate of the markets.

And as a slew of economic reports continue to display conflicting trends, investors are finding it difficult to read the tea leaves. So far this earnings season, the market and the investors that drive it are all over the place.

The result has been a string of volatile trading days featuring gyrating and erratic stock
trading.

Read full story...



Buy, Sell or Hold: United Technologies Corp. (NYSE:UTX) is Really Taking Off

By Horacio R. Marquez, Contributing Editor, Money Morning


We have already seen strength in industrial sales in many companies, but today's recommendation may be the most promising yet. United Technologies Corp. (NYSE:UTX) is hitting on all cylinders and is poised for both long and short-term gains.

The company reported earnings and hit it out of the ballpark. UTC reported quarterly earnings of $1.20 per share - even including the loss of 12 cents a share due to restructuring charges. That's 4 cents higher than analysts had expected - 16 cents higher, if you take out the one-time restructuring charges.

The good news did not stop there, either. UTC raised its guidance and share repurchases for the year, despite new challenges in Europe. Sales beat expectations and profit margins were higher across the board. Engine maker Pratt & Whitney and international elevator brand Otis were especially strong. That's remarkable considering the market's fear of a double-dip recession and the U.S. Federal Reserve's "uncertain" status about the strength of the economy.

United Technologies leads in most of the major segments in which it participates, and it is a very disciplined and well-managed company. Its cost-containment efforts in the past are translating straight into profits as the business accelerates. And this is what we just saw. At the same time, it puts management in the comfortable position of being able to increase earnings expectations moving forward. Other well-known global UTC brands include Sikorsky helicopters and Carrier air conditioners, refrigeration, and heating units.

Read full story...