Morgan Stanley raised its target price on shares of Apple (NASDAQ:AAPL) to $960 and added its shares to the Best Ideas list.The bank said its valuation remains low, with several factors pointing to continued growth: enterprise adoption of the iPad, potential share gains from its launch of LTE-capable iPhone and untapped foreign markets like Brazil and China.
Some promising news for the labor market and an increase in regional manufacturing activity helped stocks edge higher, on this light trading day. The number of Americans signing up for unemployment benefits fell by 14,000 last week to 351,000, according to the Labor Department.
Caterpillar (NYSE:CAT) announced Wednesday plans to add 80 jobs in the next two-year period at their hydraulic cylinder plant in South Carolina after finishing a $20 million expansion.The company said expansion of the plant is to handle increased demand for Caterpillar products.Caterpillar (NYSE:CAT) has potential upside of 14.8% based on a current price of $113.3 and an average consensus analyst price target of $130.05.
Shares of Pacific Sunwear (NASDAQ:PSUN) made a plunge on Wednesday after the company released its earnings report late yesterday.The retailer reported Q4 EPS loss of $0.19. Revenues for the quarter fell 1.4% year-over-year to $234.16 million, missing consensus estimates of $245.37 million.Shares fell 14% to $2.15.Pacific Sunwear (NASDAQ:PSUN) has potential upside of 12% based on a current price of $2.16 and an average consensus analyst price target of $2.42.
Rue21 (RUE) announced that it earned $12.9 million, or 52 cents per share in its fiscal fourth quarter, while analysts expected 49 cents per share. Earnings increased from $10.9 million, or 44 cents per share, a in the same period last year.
A free webinar by Muhammad Azeem of ReadyForex.com
Date: 18-March-2012 (Sunday)
Time: 8:00 AM GMT
Run time: 1 hour
* Learn the history and basics of Candlestick charting.
* Learn the structure of Candlestick charting.
* Learn why candlestick charting is essential for successful trading on the forex market
* Learn a power full candlestick pattern
* See my charts in real time as I demonstrates the technique for using Japanese candlesticks.
* Ask questions during a dedicated Q and A session at the end of the webinar.
About Muhammad Azeem and ReadyForex.com
Mr. Muhammad Azeem started his trading journey by joining a local Commodity and Forex brokerage house as a business executive in year 2001, Lahore, Pakistan.
In year 2002 he joined Top worth Investments Limited, Hong Kong to learn more about trading and portfolio management.
From year 2003 to 2006 Mr. Azeem worked as a guest trading agent and Forex mentor with Rock investments, LLC
In year 2006 Mr. Azeem started his own web site, http://ReadyForex.com After doing a lot of research and hard work; Azeem developed his own Forex trading video course and Meta trader 4 custom indicators.
He wrote many e-books and articles on Spot Forex trading, and also runs his own Swap free and Segregated Forex managed account program for individual traders and investors.
In addition, Azeem has published financial forecast on major Spot Forex currency pairs and Gold and is a frequent contributor of trading articles to several other portals.
Education and Experience
Mr. Azeem has attended around 300 online paid seminars and courses covering almost every topic in the field of Trading, Technical analysis & Trend forecasting, Trading systems, Money management, Investor physiology, Chart patterns and Elliott wave analysis etc., and has read over 400 books on different trading topics.
Strengths
Muhammad Azeem holds a degree in the field of computer science.
Trading Style and Methodology
I am a pure technician and I solely employs technical market analysis in trading. I believes that the news is just the catalyst for technical events. In my opinion, prices are so far ahead of any news story as every conceivable fundamental possibility has already been discounted.
About Losing Trades
I do lose trades, some times. So, losing trades do occur and it is the cost of doing the business over here. If I am in a losing trade then I usually try to close it as soon as possible and I do not marry my trades. Not to mention that I always trade with stop loss along with money management rules. I try to lose less and win more and that is why I keep making money in Forex trading.
About Winning Trades
Winning trades do occur and I always wait with patience for a valid price pattern to develop on price charts. I usually do not trade with profit target or take profit. I let my profits run! I use different types of exit strategies (trailing stops) to pull maximum pips out of the market.
Micron Technologies (NYSE:MU) rose 3.4% in early morning trading to $8.80 a share after the company was upgraded to outperform from market perform by Bernstein.Micron Technology (NYSE:MU) has potential upside of 17.4% based on a current price of $8.81 and an average consensus analyst price target of $10.35
The Swiss National Bank kept its target for the 3-month franc LIBOR steady at 0-0.25 percent, and reaffirmed its commitment to the EURCHF 1.20 floor set on the 6th of September. The Bank said it “will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.”
The SNB intensified its currency measures late last year. Switzerland reported annual consumer price inflation of -0.9% in February, -0.5% in November, 0.2% in August, compared to 0.50% in July, meanwhile, the Bank is forecasting inflation of 0.4% during 2011, while 2012 inflation is expected at -0.3% and 0.5% in 2013. The Swiss economy grew 1.3% on an annual basis in the December quarter (1.6% in Q3, 2.3% in Q2 and 2.5% in Q1). The Swiss franc (CHF) last traded around 1.21 against the Euro, and 0.92 against the US dollar.
By TraderVox.com
Tradervox (Dublin) – Euro printed a fresh high of 1.3282 during the US session after moving sideways in the Europeans session. The pair is trading around 1.3072, up about a third of a percent for the day. The support may be seen at 1.3060 and below at 1.3040. The resistance may be seen at 1.3100 and above 1.3140.
Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management.
Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox
By TraderVox.com
Tradervox (Dublin) – The Bank of England has been relentless in its efforts to revert the current economic trend in the UK. However, its efforts have been met with skepticism from analysts and politicians who do not believe in the viability of its plans. After disappointing results from the Jobless claims report yesterday, the Fitch Ratings have lend a blow to the sterling pound as it warned UK of losing its top investment ratings.
The sterling pound consequently fell against eleven of its sixteen major peers. Fitch changed its rating to negative citing the current huge debt levels and the weak recovery. This statement did not come as a surprise to many analysts as they had already expressed their concerns about the measures being taken to curb the negative economic situation in the country. Ulrich Leuchtmann a Currency Strategist at Commerzbank cites the monetary and fiscal policy as some of the factors that are haunting the pound for now.
The sterling pound declined by 0.2 percent against the euro to trade at 0.8327 at the start of New York trading session yesterday. Against the yen, the pound weakened by 0.3 percent to trade at 130.85 yen but remained little changed against the dollar at $1.5677.
In its statement, Fitch said that it had decided to change UK’s rating due to the limited fiscal ability to absorb further economic shocks and the elevated debt levels. The current weaker than expected economic recovery only added to the already existing fears of the county’s ability to absorb economic shock.
The decision by Fitch came barely a month after Moody’s Investor service warned the UK that it risked losing its top credit ratings due to the deteriorating economy. The UK is in economic turmoil, and unlike the euro area crisis, the efforts by the BOE are not receiving positive reception from some opposition politicians and analysts who claim that the BOE is trending on risky waters with its QE program.
Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management.
Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox
