Monday, March 25, 2013
Bankrate Inc (NYSE: RATE)
Bankrate, Inc. publishes, aggregates, and distributes personal
finance content on the Internet. The company distributes its content and
rate information through its online network consisting of Bankrate.com,
its flagship Website that aggregates rate information on approximately
300 financial products, and other personal finance Websites; provides
Web services to approximately 75 co-branded partners comprising personal
finance sites on the Internet; and licenses editorial content to
approximately 100 newspapers on a daily basis. Its products and services
include providing information on rates for various types of mortgages,
home lending, and refinancing options; original articles that cover
topics, such as trends in housing markets and refinancing perspectives;
and rate information on various deposit products that comprise money
market accounts, savings accounts, and certificates of deposit, as well
as online analytic tools to calculate investment value using customized
inputs. The company also offers insurance quotes for auto, business,
home, life, health, and long-term care. In addition, it provides credit
card information and comparison capabilities, and allows consumers to
search for cards; and information on retirement, taxes, auto, and debt
management.
To analyze Bankrate's stock for potential trading opportunities, please take a look at the 1-year chart of RATE (Bankrate, Inc.) below with my added notations:
RATE has been trending sideways for the last (5) months. As the stock
has bounced along, it has formed a couple of key price levels to watch.
The first is the $10 level (blue) that has acted as support on a couple
of occasions. The other is the $12 level (red) that RATE is currently
trading just above and should act as support on any pullbacks.
The Tale of the Tape: RATE's main level to watch at this time is $12. A long position could be entered at the $12 support with a stop placed below that level. A short play could be made on a break below $12 with an expectation of a fall back down to the $10 level.
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To analyze Bankrate's stock for potential trading opportunities, please take a look at the 1-year chart of RATE (Bankrate, Inc.) below with my added notations:
RATE has been trending sideways for the last (5) months. As the stock
has bounced along, it has formed a couple of key price levels to watch.
The first is the $10 level (blue) that has acted as support on a couple
of occasions. The other is the $12 level (red) that RATE is currently
trading just above and should act as support on any pullbacks.The Tale of the Tape: RATE's main level to watch at this time is $12. A long position could be entered at the $12 support with a stop placed below that level. A short play could be made on a break below $12 with an expectation of a fall back down to the $10 level.
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Sprawling and struggling: Poverty hits America's suburbs
WEST HARTFORD, Conn. – Like many Americans who move to the suburbs,
Tara Simons came to West Hartford because she wanted her daughter to
grow up in a nice, safe place with good schools.
Her fall from a more financially secure suburban life to one among the working poor also happened for the same reason it’s happened to so many others. She had a bout of unemployment and couldn’t find a new job that paid very well.
As a single mother, that’s made it hard to hold on to the suburban life that is, in her mind, key to making sure her daughter gets off to the right start.
“I’m basically paying to say I live in West Hartford,” she said. “It is worth it.”
It’s a struggle that many Americans bruised by the weak economy can relate to.
The number of suburban residents living in poverty rose by nearly 64 percent between 2000 and 2011, to about 16.4 million people, according to a Brookings Institution analysis of 95 of the nation’s largest metropolitan areas. That’s more than double the rate of growth for urban poverty in those areas. (more)
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Her fall from a more financially secure suburban life to one among the working poor also happened for the same reason it’s happened to so many others. She had a bout of unemployment and couldn’t find a new job that paid very well.
As a single mother, that’s made it hard to hold on to the suburban life that is, in her mind, key to making sure her daughter gets off to the right start.
“I’m basically paying to say I live in West Hartford,” she said. “It is worth it.”
It’s a struggle that many Americans bruised by the weak economy can relate to.
The number of suburban residents living in poverty rose by nearly 64 percent between 2000 and 2011, to about 16.4 million people, according to a Brookings Institution analysis of 95 of the nation’s largest metropolitan areas. That’s more than double the rate of growth for urban poverty in those areas. (more)
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Paul Craig Roberts: Triple Bubble Implosion Coming
Paul Craig Roberts former head of policy at Department of Treasury under Reagan, and the editor at The Wall Street Journal, founder of Institute for Political Economy, and prolific author. We speak about the crashing economy and why it is collapsing, austerity, corruption, Greece, the IMF, and Paul explains some of the complexities of the ill fated money system that is destroying us. Dr. Paul Craig Roberts says, "It's not just unconstitutional, murder is illegal." When it comes to drone strikes on U.S. citizens suspected of terror, everyone should be concerned. Roberts says, "Now the principle is if the government says you are guilty, you are—period. No evidence is needed for your termination." Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts.
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Fitch poised to cut UK's AAA rating soon
(Reuters) - Britain looked poised to lose its AAA rating from a second ratings agency after Fitch Ratings warned on Friday it was likely to downgrade the country in the coming weeks, citing high government debt levels and weak growth.
A month since Britain was downgraded by Moody's, Fitch put the country on review and said a downgrade was a heightened possibility. A decision is due by the end of April, Fitch said in a statement.
Sterling fell sharply, dropping half a cent against the dollar.
The review announcement comes hard on the heels of the government's annual budget this week, which halved Britain's growth forecast for this year and raised borrowing projections.
Britain's finance ministry, which is three years into
an austerity plan, said Fitch's announcement showed "there are no easy
answers to problems built up over many years".
"But we are, slowly but surely, fixing our country's economic problems," a Treasury spokesman said, citing a reduction by one third of the budget deficit and the creation of 1.25 million jobs since the government took office in 2010. (more)
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A month since Britain was downgraded by Moody's, Fitch put the country on review and said a downgrade was a heightened possibility. A decision is due by the end of April, Fitch said in a statement.
Sterling fell sharply, dropping half a cent against the dollar.
The review announcement comes hard on the heels of the government's annual budget this week, which halved Britain's growth forecast for this year and raised borrowing projections.
The move by Fitch was not unexpected but will be another setback for finance minister George Osborne. He has staked his reputation on repairing Britain's public finances and had promised to protect its triple-A rating.
"But we are, slowly but surely, fixing our country's economic problems," a Treasury spokesman said, citing a reduction by one third of the budget deficit and the creation of 1.25 million jobs since the government took office in 2010. (more)
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US Weekly Economic Calendar
| time (et) | report | period | Actual | CONSENSUS forecast |
previous |
|---|---|---|---|---|---|
| MONDAY, march 25 | |||||
| None scheduled | |||||
| TUESDAY, MARCH 26 | |||||
| 8:30 am | Durable goods orders | Feb. | 4.6% | -4.9% | |
| 9 am | Case-Shiller home price index | Jan. | -- | 6.8% (y-o-y) | |
| 10 am | Consumer confidence | March | 66.0 | 69.6 | |
| 10 am | New home sales | Feb. | 420,000 | 437,000 | |
| WEDNESDAY, MARCH 27 | |||||
| 10 am | Pending home sales | Feb. | -- | 4.5% | |
| THURSDAY, MARCH 28 | |||||
| 8:30 am | Weekly jobless claims | 3-23 | 340,000 | 336,000 | |
| 8:30 am | GDP revision | 4Q | 0.6% | 0.1% | |
| 9:45 am | Chicago PMI | March | 56.0 | 56.5 | |
| FRIDAY, MARCH 29 | |||||
| 8:30 am | Personal income | Feb. | 1.0% | -3.6% | |
| 8:30 am | Consumer spending | Feb. | 0.6% | 0.2% | |
| 9:55 am | Consumer sentiment | March | 73.0 | 71.8 | |
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