Daily Markets - Hudson City Beats By A Penny

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• Hudson City Beats By A Penny
• AT&T Outperforms Expectations
• The Current Situation Bears A Striking Resemblance To The 1962 Summer Stock Market Rebound
• US Dollar And Stock Market Sentiment
• Eaton’s Earnings Climb
• Philip Morris Beats The Street
• Energize Your Portfolio With These Four ‘Smart-Grid’ Technology Plays
• Aussie Awaits Stress Test, Inflation Data
• Amdocs Barely Meets Zacks Estimate
• Forex Trading: Euro-Zone Consumer Confidence Slightly Higher
• Intuitive Beats Estimates
• EMC Beats Marginally
• Forex Trading: Euro-Zone Consumer Confidence Due At 10AM
• Airgas Tops By 12 Cents
• Stock Market News Briefs: 3M Company, AT&T, Caterpillar, Eli Lilly And Company, Travelers Companies Inc, United Parcel Service
• Value Investing Congress: $1,800 Discount For Value Walk Readers
• Qualcomm Beats, Raises Outlook
• Core Labs’ 2Q Results Climb
• As Wheat Prices Rise… Carbohydrates Are Back In Style
• Starwood Tops Zacks Estimates
• Manpower Tops Estimate
• Stock Buy: W.W. Grainger
• KMP Rises, Surpasses Zacks
• EBay Tops, FX Pulls Down Guidance
• U.K. Retail Sales Unexpectedly Advances
• Bull Of The Day: Altera Corp. (ALTR)
• Stock Buy: Tempur-Pedic International
• Stock Buy: Apple, Inc.
• Stock Buy: JoS. A. Bank Clothiers, Inc.
• Bear Of The Day: FTI Consulting (FCN)
• AdvisorShares’ Active ADR ETF And AlphaPro’s Global Dividend ETF Launched

Hudson City Beats By A Penny Posted: 22 Jul 2010 07:50 AM PDT Hudson City Bancorp's (NASDAQ:HCBK) second-quarter operating earnings came in at 29 cents per share, just a penny ahead of the Zacks Consensus Estimate of 28 cents. Earnings also compared favorably with 26 cents in the prior-year quarter. The results were primarily helped by lower interest expense, partially offset by an increase in provision for loan losses.   Hudson City reported an 11.5% year-over-year increase in net income to $142.6 million. Net interest income increased 5.0% year over … [visit site to read more]

AT&T Outperforms Expectations Posted: 22 Jul 2010 07:50 AM PDT AT&T Inc. (NYSE:T) declared its second-quarter earnings of 61 cents per share, surpassing the Zacks Consensus Estimate of 57 cents. The results were declared before the market opened on July 22, 2010. Earnings increased 13% year over year, excluding the one-time gain from the Telmex Internacional (NYSE:TII) transaction. Net income in the quarter jumped 25.9% year over year to $4 billion, driven by continued growth in mobile broadband, gains in IP-based and strategic business services and … [visit site to read more]

The Current Situation Bears A Striking Resemblance To The 1962 Summer Stock Market Rebound Posted: 22 Jul 2010 07:50 AM PDT We dove into market history a lot recently with studies of the 3%+ up day a couple weeks ago as well as a look at the growth rate of the index of Leading Economic Indicators. The takeaway: History suggests there are grounds for being optimistic about the stock market. Now here’s a new reason for optimism: The current situation bears a striking resemblance to the 1962 summer stock market rebound. Here’s the scoop: In early 1962, a head-and-shoulders pattern emerged that looked … [visit site to read more]

US Dollar And Stock Market Sentiment Posted: 22 Jul 2010 07:45 AM PDT I’m going to switch gears a bit this morning, show you a new True Strength Index (TSI) setting and its best application, and apply it to the US Dollar, as well provide a brief look at sentiment and where it finds itself with respect to the stock market. This first chart is the daily UUP (UUP), which is an ETF for the US Dollar.  The TSI setting is (25,13).  This is a great setting for taking the longer term view of things when not trying to get cute timing daily, or even hourly … [visit site to read more]

Eaton’s Earnings Climb Posted: 22 Jul 2010 07:35 AM PDT Electrical equipment maker Eaton Corporation (NYSE:ETN) reported better-than-expected second-quarter 2010 results, helped primarily by stronger end markets.   Earnings per share, excluding acquisition-related integration charges, came in at $1.36, beating the Zacks Consensus Estimate of $1.17. In the year-ago period, the Cleveland, Ohio-based company earned 23 cents per share.   Revenue   Total quarterly revenue of $3.4 billion was up 16% year over year and 9% sequentially. … [visit site to read more]

Philip Morris Beats The Street Posted: 22 Jul 2010 07:35 AM PDT Philip Morris International Inc.'s (NYSE:PM) second-quarter 2010 earnings jumped 28.2% to $2.0 billion from $1.5 billion in the prior-year quarter. Excluding special items, pro forma earnings came in at $1.00, beating the Zacks Consensus Estimate of 97 cents as well as the year-ago result of 83 cents. The strong quarterly performance was driven by higher pricing and increased shipments to countries like Japan, Russia, Ukraine and Korea. Buoyed by the better-than-expected quarterly performance, … [visit site to read more]

Energize Your Portfolio With These Four ‘Smart-Grid’ Technology Plays Posted: 22 Jul 2010 07:25 AM PDT Larry Fisher spends all his time lately designing new ways to conserve electricity. As the research director of NextGen - the division of private, New York City-based ABI Research that tracks smart grids worldwide - Fisher has more and more on his plate these days. That’s because the wave of new investment in this emerging sector is just beginning. NextGen also serves as an incubator for brand-new approaches in electronics and smart-grid technology. Over the past several years, the … [visit site to read more]

Aussie Awaits Stress Test, Inflation Data Posted: 22 Jul 2010 07:17 AM PDT Fundamentals The Aussie Dollar has held up fairly well recently, but the currency now faces several tests. The Royal Bank of Australian (RBA) has not hinted toward a bias as far as tightening goes, but, will analyze the results of the European bank stress tests and domestic inflation data to determine whether to continue tightening or take a pause. The upcoming stress test results figure to have a fairly significant impact on growth currencies, like the Aussie. Positive results could lead to … [visit site to read more]

Amdocs Barely Meets Zacks Estimate Posted: 22 Jul 2010 07:15 AM PDT Yesterday, after market close, Amdocs Limited (NYSE:DOX) declared financial results for the third quarter of fiscal 2010. Quarterly net income, on a GAAP basis, was $92.3 million or 45 cents per share compared with a net income of $85.6 million or 42 cents per share in the prior-year quarter. However, third quarter fiscal 2010 adjusted (excluding special items) EPS of 52 cents was just in line with the Zacks Consensus Estimate.   Quarterly total revenue of $753.25 million was up 9.1% year … [visit site to read more]

Forex Trading: Euro-Zone Consumer Confidence Slightly Higher Posted: 22 Jul 2010 07:04 AM PDT … [visit site to read more]

Intuitive Beats Estimates Posted: 22 Jul 2010 07:00 AM PDT Intuitive Surgical Inc. (NASDAQ:ISRG) reported second-quarter 2010 adjusted (excluding one-time items) earnings per share of $2.19, beating the Zacks Consensus Estimate of $2.05 and the year-ago figure of $1.62.   Revenues   Total revenue increased 42% year over year to $351 million. Intuitive Surgical generated total recurring revenues of $183 million, up 35% year over year, and comprised 52% of total revenue versus 55% in the year-ago period.     Instrument and accessory … [visit site to read more]

EMC Beats Marginally Posted: 22 Jul 2010 06:50 AM PDT EMC Corporation's (NYSE:EMC) second quarter 2010 earnings of 23 cents per share exceeded the Zacks Consensus Estimate of 22 cents per share by a penny. Earnings per share increased 76.9% from 13 cents reported in the year-ago period, boosted by strong growth in storage spending and an increased demand for data storage equipment.   EMC is well positioned to benefit from the strong demand for data storage systems, particularly as cloud computing and digital data storage requirements … [visit site to read more]

Forex Trading: Euro-Zone Consumer Confidence Due At 10AM Posted: 22 Jul 2010 06:35 AM PDT … [visit site to read more]

Airgas Tops By 12 Cents Posted: 22 Jul 2010 06:30 AM PDT Airgas Inc. (NYSE:ARG) reported first-quarter fiscal 2011, ending on June 30, operating earnings of 83 cents per share compared with 66 cents per share in the year-ago quarter, reflecting a growth of 25.7%. The results of the company outstripped the Zacks Consensus Estimate, as provided by 10 coverings analysts, by 12 cents.   GAAP earnings of Airgas, for the quarter under review, were 76 cents a share versus 66 cents a share in the year-ago quarter. The difference between operating and GAAP … [visit site to read more]

Stock Market News Briefs: 3M Company, AT&T, Caterpillar, Eli Lilly And Company, Travelers Companies Inc, United Parcel Service Posted: 22 Jul 2010 06:30 AM PDT  Caterpillar (NYSE:CAT) reported second quarter results of $1.09 versus Zacks estimates of 85 cents on revenues of $10.41 billion, topping projections of $9.81 billion  Eli Lilly (NYSE:LLY) topped expectations with second quarter earnings of $1.24, beating Zacks estimates of $1.11 on estimate-topping revenues of $5.75 billion, ahead of estimates of $5.60 billion  Travelers (NYSE:TRV) reported second quarter earnings of $1.39, missing Zacks estimates of $1.51 on revenues of $5.69 … [visit site to read more]

Value Investing Congress: $1,800 Discount For Value Walk Readers Posted: 22 Jul 2010 06:21 AM PDT I am proud to announce that Value Walk is partnering with the upcoming Value Investing Congress which will take place in New York City on October 12 and 13. The Value Investing Congress' mission is to create an interactive experience, in which people can learn serious value investing skills. All Value Walk readers will receive a Value Investing Congress Discount: $1800 off regular price if they register by 07/30/2010. The price of the event increases as the event approaches. The … [visit site to read more]

Qualcomm Beats, Raises Outlook Posted: 22 Jul 2010 06:15 AM PDT Supported by a significant surge in demand for high-end 3G smartphones, Qualcomm Inc. (NASDAQ:QCOM) reported better-than-expected financial results of its third quarter of fiscal 2010. Management is now more confident about the rest of fiscal 2010 and as a result, has raised its future financial guidance. This was important since the company provided a weak financial outlook in the last two quarters. In synergy with these positive developments in after market trade in NASDAQ, the stock price … [visit site to read more]

Core Labs’ 2Q Results Climb Posted: 22 Jul 2010 06:15 AM PDT Core Laboratories N.V. (NYSE:CLB) reported better-than-expected second quarter 2010 results, driven by an impressive performance across Production Enhancement and Reservoir Management business units. Earnings per share came in at 75 cents, surpassing the Zacks Consensus Estimate of 72 cents and the year-ago profit of 62 cents.   Including foreign exchange loss of 4 cents, the earnings per share came at 71 cents in the current quarter, compared with 64 cents in the prior-year quarter. The … [visit site to read more]

As Wheat Prices Rise… Carbohydrates Are Back In Style Posted: 22 Jul 2010 06:01 AM PDT As wheat prices rise, it looks like carbohydrates are back in style. The commodity hit its low point in early June, but has since spiked to a 13-month high. In the last two weeks alone, it has risen 30%. The September wheat contract on the Chicago Board of Trade traded at $6.00 a bushel last week. And Paris' Euronext November contract hit a 22-month high at €177.25 a ton. You can thank a global bout of poor weather for that, which led to renewed supply fears. Since it all happened at the … [visit site to read more]

Starwood Tops Zacks Estimates Posted: 22 Jul 2010 06:00 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) reported its second-quarter adjusted earnings from continuing operations of 35 cents, well ahead of the Zacks Consensus Estimate of 25 cents and the year-earlier quarter's earnings of 22 cents. Including a benefit of $12 million from asset sales, the earnings were 42 cents per share compared with the year-ago level of 78 cents. The quarter's better-than-expected earnings were aided by an increase in demand for hotels. Revenues jumped … [visit site to read more]

Manpower Tops Estimate Posted: 22 Jul 2010 06:00 AM PDT Manpower Inc. (NYSE:MAN), the global leader in the employment services industry, recently posted better-than-expected second-quarter 2010 results that topped the Zacks expectation on the heels of revenue growth across all geographies due to improvement in the global job markets, and the acquisition of technology staffing firm COMSYS.   Manpower indicated Germany, Sweden, U.K., Canada, Mexico, France and Italy all witnessed robust revenue growth during the quarter. Despite the recent economic … [visit site to read more]

Stock Buy: W.W. Grainger Posted: 22 Jul 2010 05:50 AM PDT W.W. Granger Inc. (NYSE:GWW) recently reported strong second-quarter results. The company had year-over-year sales growth of 16% and EPS growth of 35%. The company easily beat analyst expectations. Additionally, management increased its EPS guidance for full-year 2010. The company indicated that it was experiencing stronger organic sales growth than it did earlier this year, due in part to the Gulf of Mexico oil spill clean up.. Business W.W. Grainger Inc. (GWW) is a leading supplier of facilities … [visit site to read more]

KMP Rises, Surpasses Zacks Posted: 22 Jul 2010 05:50 AM PDT A leading pipeline transporter, Kinder Morgan Energy Partners L.P. (NYSE:KMP), reported its second-quarter 2010 earnings of 88 cents per limited partner unit, substantially beating the Zacks Consensus Estimate of 40 cents as well as the year-earlier quarter of 33 cents. Limited Partners’ interest in net income rose to $268.7 million from $91.0 million in the year-ago quarter. The partnership's rise in profit is primarily attributable to higher revenues as well as earnings in equity … [visit site to read more]

EBay Tops, FX Pulls Down Guidance Posted: 22 Jul 2010 05:30 AM PDT eBay Inc. (NASDAQ:EBAY) reported second quarter earnings that beat the Zacks Consensus by 4 cents or 13.1%. This was much better than the average positive surprise of 7.54% reported in the preceding four quarters. As a result, shares jumped 3.27% after hours.   Analysts have been lowering estimates over the past 30 days or so, expecting the foreign exchange impact, softening marketplace, pricing and execution to negatively impact results, thus missing management guidance. However, eBay's … [visit site to read more]

U.K. Retail Sales Unexpectedly Advances Posted: 22 Jul 2010 05:25 AM PDT Retail sales in the U.K. advanced 0.7 percent  in June after climbing a revised 0.8 percent the previous month to exceed economists' expectations of 0.5 percent. Fundamental Headlines • Bernanke Prepared to Take New Steps – Wall Street Journal • Euro-Zone Private Sector Expands – Wall Street Journal • Fed Ready to Act Amid Uncertain Outlook - Financial Times • Euro Passes Stress Test With Debt Panic Ebbing as Bank Exam Results Loom - Bloomberg • Bernanke Says Fed Is … [visit site to read more]

Bull Of The Day: Altera Corp. (ALTR) Posted: 22 Jul 2010 05:00 AM PDT Altera (NASDAQ:ALTR) recently updated its outlook for the second quarter of 2010. The company expects revenues to grow around 10%-12% sequentially, at the high end of the previous guidance range of 8%-12%. The revised guidance implies revenue in the range of $442.5 million $450.6 million. The growth in revenues will once again be driven by new products, as 65-nm FPGAs and especially 40-nm FPGAs continue to report solid growth. Top and bottom line estimates have been steadily increasing in the last … [visit site to read more]

Stock Buy: Tempur-Pedic International Posted: 22 Jul 2010 05:00 AM PDT Tempur-Pedic International Inc. (NYSE:TPX) just topped Wall Street’s expectations, which should push estimates higher. Company Description Tempur-Pedic makes mattresses and pillows from the company’s proprietary material. The company markets through department stores, the internet, healthcare markets and specialty retailers. Beat the Street On Jul 20 Tempur-Pedic posted another earnings surprise, the ninth in a row for the company. Even with consumers shying away from many purchases, Tempur-Pedic … [visit site to read more]

Stock Buy: Apple, Inc. Posted: 22 Jul 2010 05:00 AM PDT Apple, Inc. (NASDAQ:AAPL) just reported another awesome quarter that produced a solid 14% earnings surprise as the iPhone and iPad supercharge the company’s bottom line. Estimates are once again on the upswing for this Zacks #1 rank stock that many analysts are calling the best company in the world. Company Description Apple, Inc. designs and sells various technology and consumer goods all across the world. The company was founded in 1976 and has a market cap of $235 billion. There are few companies … [visit site to read more]

Stock Buy: JoS. A. Bank Clothiers, Inc. Posted: 22 Jul 2010 05:00 AM PDT JoS. A. Bank (NASDAQ:JOSB) has been bucking the convention that retail, especially clothing, is dead in the water as the company has been aggressively growing during, and now after, the recession. JOSB has a return on equity (ROE) of 22.1%, well above the industry average of 13.1%. JoS. A. Bank sells men’s suits, tuxedos, casual clothing, footwear and accessories through 484 stores in 42 states and the District of Columbia and through its web site, www.josbank.com. The company has a 100% money back … [visit site to read more]

Bear Of The Day: FTI Consulting (FCN) Posted: 22 Jul 2010 05:00 AM PDT We are downgrading our recommendation on FTI Consulting (NYSE:FCN) to Underperform from Neutral as the company trimmed its fiscal year 2010 outlook. The revised outlook is due to dramatic deceleration expected in Corporate Finance and Restructuring, less-than expected recovery in Merger and Acquisition activity and the struggling Technology segment. Additionally, progress in its other segments such as Economic Consulting, Strategic Communications and Forensic and Litigation Consulting businesses … [visit site to read more]

AdvisorShares’ Active ADR ETF And AlphaPro’s Global Dividend ETF Launched Posted: 22 Jul 2010 04:00 AM PDT On July 21st, two more actively-managed ETFs began trading, one in the US and one in Canada. AdvisorShares' long-awaited WCM/BNY Mellon Focused Growth ADR ETF (AADR: 24.70 0.00%) debuted on the NYSE and became the first Active ETF to focus on a portfolio of American Depository Receipts (ADRs), which are the US-listed shares of a non-US company. This came just a few days after AdvisorShares' also brought to market the Mars Hill Global Relative Value ETF (GRV: 25.43 0.00%). In Canada, … [visit site to read more]

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