Daily Markets - Mutual Funds: Top 5 Energy Funds |
- Mutual Funds: Top 5 Energy Funds
- Nucor Turns To Profit
- Microsoft Posts Solid Q4
- BPO Biz Drives Xerox’s Results
- U.S. Tax Increases In 2011
- Schlumberger Beats Marginally
- AutoNation Profits Up 36%
- Honeywell Outperforms Again
- UPS Breaks Out Of Resistance After Positive Q2 Earnings
- Baxter Beats By A Penny
- Capital One Outperforms
- PNC Runs Ahead Of Estimates
- Why Aren’t We Seeing Any Credit Growth?
- Even More Bullish On AT&T Now
- StanCorp Financial Lags Estimates
- T. Rowe Price Profit Soars
- Stock Market News Briefs: American Express Company, Capital One Financial, Ford Motor Credit Company, Ingersoll-Rand Company, Kimberly-Clark, Mosaic Company, NCR, Verizon Communications, E*TRADE Financial, Microsoft, SanDisk, T. Rowe Price Group
- Moneygram Expands Internationally
- McDonald’s Beats By A Penny
- BB&T Meets Zacks Estimate
- Huntington Profits, Tops Zacks Ests
- Amazon Miss Due To Higher Costs
- CIGNA, HealthCompare Join Hands
- AmEx Exceeds Estimates
- CA Exceeds Expectation
- Verizon Beats Zacks Estimates
- Hot Stock News For Friday 23 July: Microsoft, Amazon.com, SanDisk, Goldman Sachs, American Express, Capital One Financial, Chubb
- Netflix Grows But Misses
- Zimmer Beats, Guidance Reaffirmed
- Financial Reform: Fill In The Blanks
- Bull Of The Day: Marriott International (MAR)
- Stock Buy: CSX Corporation
- Stock Buy: Hasbro
- Stock Buy: Packaging Corp Of America
- Bear Of The Day: Genomic Heath, Inc. (GHDX)
- Stock Buy: AO Smith Corp.
- Mutual Funds: Top 5 International Funds
- German Business Confidence Rises To The Highest Level Since 2007, U.K. GDP Exceeds Expectations
- Bear Markets Are Your Friend: Embrace Them
- How About An Actively-Managed Financial Sector ETF?
- Will European Bank Stress Tests Be “Garbage In, Garbage Out?”
| Mutual Funds: Top 5 Energy Funds Posted: 23 Jul 2010 08:05 AM PDT Even as all eyes remain trained on the BP oil spill situation, new energy sources, both conventional and modern have become the top priority of nations and corporations alike. Emerging economies, in particular, face a rapid demand for energy resources. These factors have led to a steady increase in the overall price level of energy products and services. Alternative energy companies and firms providing services to this sector are also gaining importance. Energy funds harness the inherent … [visit site to read more]
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| Posted: 23 Jul 2010 08:05 AM PDT Nucor Corporation (NYSE:NUE) reported a profit of $91 million or 29 cents per share in the second quarter of 2010 compared with a net loss of $133.3 million or 43 cents per share in the same quarter of 2009. The company has beaten the Zacks Consensus Estimate by 3 cents per share.
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| Posted: 23 Jul 2010 08:05 AM PDT Microsoft Corporation (NASDAQ:MSFT) reported fourth quarter 2010 earnings that beat the Zacks Consensus Estimate by 5 cents per share, or 10.2%. Revenue also beat the Zacks Consensus, exceeding by 5.0%. Currency had a net 2% positive impact on revenue in the last quarter, as Microsoft's hedging program and a softening of the dollar versus other currencies more than offset the negative impact of the euro. Revenue Revenue of $16.0 billion was up 10.6% sequentially and 22.4% year over year, driven … [visit site to read more]
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| BPO Biz Drives Xerox’s Results Posted: 23 Jul 2010 07:50 AM PDT Xerox Corporation (NYSE:XRX) showed an improvement in net earnings (adjusted) to $342 million or 24 cents per share in the second quarter of 2010 from $158 million or 18 cents per share in the last year's quarter. This was attributable to an impressive growth in its Services segment, which was, in turn, led by solid performances by its business process outsourcing (”BPO”) services business.
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| Posted: 23 Jul 2010 07:45 AM PDT Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely. These tax increases are going to affect every single American (at least those who actually … [visit site to read more]
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| Posted: 23 Jul 2010 07:30 AM PDT A leading oilfield services company, Schlumberger Limited (NYSE:SLB), reported its second-quarter earnings from continuing operations of 68 cents per share, beating the Zacks Consensus Estimate of 67 cents, while remaining flat year over year. The increase was mainly attributable to the rapid North American activity that offset weakness from the drilling moratorium in the Gulf of Mexico (GoM). The company's second-quarter revenue ramped up by 7.4% to $5.9 billion from $5.5 billion in the … [visit site to read more]
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| Posted: 23 Jul 2010 07:30 AM PDT AutoNation Inc. (NYSE:AN) witnessed a 36% increase in profits (adjusted) to $62 million or 38 cents per share in the second quarter of 2010 from $50 million or 28 cents per share in the prior-year quarter. With this, the automotive retailer has inched past the Zacks Consensus Estimate of 36 cents per share. The adjustments included debt-refinancing costs of $12 million after-tax, or 7 cents per share.
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| Posted: 23 Jul 2010 07:30 AM PDT Honeywell International Inc.'s (NYSE:HON) second quarter 2010 earnings, released before the opening bell today, again defeated the Zacks Consensus Estimate on both top and bottom line. Earnings per share from continuing operations of 60 cents, reported by the company, were flat year over year, but were above the Zacks Consensus Estimate of 57 cents. Total Revenue
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| UPS Breaks Out Of Resistance After Positive Q2 Earnings Posted: 23 Jul 2010 07:20 AM PDT The shares of United Parcel Service (NYSE:UPS), the world’s largest package delivery company, or simply UPS in the New York Stock Exchange reversed for the better following yesterday’s price action. As you can see from the chart, the stock has gapped up and in the process also broke out from an inverted head and shoulders formation. At the same time, it likewise cut through both the resistances at the 50-day and 200-day moving averages. At present, the the stock is sitting just above 63.00 … [visit site to read more]
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| Posted: 23 Jul 2010 07:15 AM PDT Baxter International Inc. (NYSE:BAX) reported second-quarter 2010 adjusted (excluding one-time items) earnings per share of 93 cents, thereby beating the Zacks Consensus Estimate of 92 cents, but below the year-ago result of 96 cents. The results were in line with Baxter's earlier guidance in the range of 90 cents to 93 cents.
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| Posted: 23 Jul 2010 07:15 AM PDT Capital One Financial Corp.'s (NYSE:COF) second quarter earnings from continuing operations of $1.78 per share were substantially better than the Zacks Consensus Estimate of 88 cents. This also compares very favorably with a net loss of 64 cents in the year-ago period. Results for the quarter benefited over the prior-year quarter primarily from a lower provision for loan losses due to improved credit performance and increased revenue. Also, resilience and strong profitability of almost all of … [visit site to read more]
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| Posted: 23 Jul 2010 07:15 AM PDT PNC Financial Services Group Inc.'s (NYSE:PNC) second-quarter net income of $1.47 per share was substantially ahead of the Zacks Consensus Estimate of $1.26 per share. Results also compare favorably with 14 cents per share in the prior-year quarter. Excluding 13 cents per diluted common share for integration costs, second quarter 2010 net income per diluted common share would have been $1.60.
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| Why Aren’t We Seeing Any Credit Growth? Posted: 23 Jul 2010 07:12 AM PDT I used to love those Wendy’s commercials in the 1980s. You know, the ones that mocked the burger patties at competing restaurants with the catchphrase “Where’s the beef?” Today, I can’t help but ask a similar question about the U.S. economy. Namely: “Where’s the credit?” Despite all the money pumping at the Federal Reserve … Despite the almost-$800 billion economic stimulus package … Despite all the bailouts, backstops, and handouts for bankers, brokers, home builders, … [visit site to read more]
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| Posted: 23 Jul 2010 07:00 AM PDT AT&T Incorporated (NYSE:T), the largest telecommunications company in the US, or T in the New York Stock Exchange topped the market’s earnings estimate due to the increased demand in iPhones. Thanks to its exclusive contract to sell the iPhone, the company was able to sell 3.2 million units of the phone and gained a net 496,000 contract subscribers. As a result, the company’s EPS upped the market’s $0.57 forecast with $0.61. Now, will AT&T be able to sustain its market share with the … [visit site to read more]
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| StanCorp Financial Lags Estimates Posted: 23 Jul 2010 07:00 AM PDT StanCorp Financial Group Inc. (NYSE:SFG) reported second-quarter 2010 earnings of $1.04 per share from continuing operations, lagging the Zacks Consensus Estimate of $1.22 by 18 cents. Earnings also fell short by 25 cents of $1.29 per share recorded in the year-ago period. Net income from continuing operations for the quarter was $49.2 million, down 22% from $63.1 million reported in the second quarter of 2009.
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| Posted: 23 Jul 2010 07:00 AM PDT T. Rowe Price Group Inc.'s (NASDAQ:TROW) second quarter 2010 earnings of 59 cents per share were significantly up from 38 cents per share reported in the prior-year quarter. Higher-than-expected top-line growth, partially offset by marginally lower assets under management (AUM) and higher operating expenses, cumulated in improved performance. However, the quarter's earnings missed the Zacks Consensus Estimate of 60 cents by a penny. Net income increased to $158.5 million from $100.0 million in … [visit site to read more]
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| Posted: 23 Jul 2010 06:45 AM PDT Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion SanDisk (NASDAQ:SNDK) posted second quarter earnings of 18 cents, on revenues that moved up 61.5% from the year-ago period to $1.2 billion compared with equivalent Zacks estimate NCR (NYSE:NCR) reported second quarter earnings of 35 cents compared with Zacks estimate of … [visit site to read more]
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| Moneygram Expands Internationally Posted: 23 Jul 2010 06:45 AM PDT Pursuant to its strategy to enhance its international presence, Moneygram International Inc.(NYSE:MGI), a leader in global money transfer, yesterday announced two separate agreements with Kazakhstan Post and Moldova Post.
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| Posted: 23 Jul 2010 06:30 AM PDT McDonald's Corporation (NYSE:MCD) posted second-quarter 2010 earnings of $1.13 per share ,beating the Zacks Consensus Estimate by a penny. The second quarter earnings surged 15% from 98 cents reported in the prior-year quarter. The better-than-expected results were driven by value offerings and premium products, and a rise in comparable-store sales across all regions. McDonald's, the world’s largest hamburger chain, said that revenue for the quarter climbed 5% to $6.0 billion, outperforming … [visit site to read more]
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| Posted: 23 Jul 2010 06:30 AM PDT BB&T Corporation (NYSE:BBT) reported its second quarter 2010 operating earnings per share of 33 cents, in line with the Zacks Consensus Estimate. The earnings increased 22.2% from 27 cents per share in the prior quarter and 65% from 20 cents in the prior-year quarter.
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| Huntington Profits, Tops Zacks Ests Posted: 23 Jul 2010 06:20 AM PDT Huntington Bancshares Incorporated (NASDAQ:HBAN) reported a second quarter profit of $48.8 million or 3 cents per share, ahead of the Zacks Consensus Estimate of a break-even quarter.
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| Amazon Miss Due To Higher Costs Posted: 23 Jul 2010 06:20 AM PDT Amazon.com's (NASDAQ:AMZN) first quarter earnings missed the Zacks Consensus Estimate by 10 cents, or 17.9%. We attribute the miss to higher expenses, since revenue was in line with the Zacks Consensus, beating by 0.1%. Management mentioned a number of initiatives that increased expenses in the last quarter. These included additional fulfillment centers, increased technology spending and a headcount increase of 2,200 to support the very fast-growing business. Revenue Revenue of $6.6 billion was … [visit site to read more]
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| CIGNA, HealthCompare Join Hands Posted: 23 Jul 2010 06:20 AM PDT Health insurer CIGNA Corp. (NYSE:CI) yesterday announced that it has teamed up with HealthCompare, a subsidiary of Word & Brown Co., to make prospective customers aware of all the relevant details of an insurance policy before buying. It thus aims to make the process of buying an insurance coverage simpler for the individuals and families.
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| Posted: 23 Jul 2010 06:00 AM PDT On July 22, 2010, American Express Company (NYSE:AXP) reported its second-quarter income from continuing operations of $1.0 billion or 84 cents per share, ahead of the Zacks Consensus Estimate of 78 cents. The significant surge in earnings for American Express was attributable to increased usage of cards with lesser defaults, as consumers resumed their spending, a level similar to the pre-recession period. American Express' card members’ spending increased 16% year-over-year. The increase came … [visit site to read more]
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| Posted: 23 Jul 2010 06:00 AM PDT CA Inc. (NASDAQ:CA) reported a first quarter 2011 EPS of 53 cents, exceeding the Zacks Consensus Estimate of 39 cents.
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| Posted: 23 Jul 2010 06:00 AM PDT Verizon Communications Inc. (NYSE:VZ) has announced second-quarter 2010 results with adjusted earnings per share (EPS) of 58 cents beating the Zacks Consensus Estimate of 56 cents, and also better than the 52 cents reported a year-ago. Adjusted EPS excludes approximately $2.3 billion charges that includes 52 cents per share charges associated with the voluntary incentive program for union-represented employees, 6 cents per share charges related to Alltel merger, 4 cents per share of Frontier … [visit site to read more]
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| Posted: 23 Jul 2010 05:59 AM PDT Equities finished in positive territory following encouraging economic data from both sides of the Atlantic and impressive earnings from the likes of Caterpillar (NYSE:CAT) (+1.69%), 3M (NYSE:MMM) (+2.98%) and AT&T (NYSE:T) (+2.37%) all of whom boosted their forecasts. The industrials sector was the best performing sector in the S&P 500 after UPS (+5.23%) reported better than expected earnings. The market slowed down towards in the second half of the session with traders keeping one eye on … [visit site to read more]
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| Posted: 23 Jul 2010 05:45 AM PDT Shares of Netflix Inc. (NASDAQ:NFLX) were down $10.95 after hours as second quarter 2010 revenues missed Street expectations. Although Netflix reported a revenue growth of 27.0% year over year to $519.8 million, it fell short of analysts' expectations of $524.1 million. Revenue came in at the low-end of management's guidance range of $517.0 million to $525.0 million.
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| Zimmer Beats, Guidance Reaffirmed Posted: 23 Jul 2010 05:45 AM PDT Zimmer Holdings (NYSE:ZMH) reported a second-quarter fiscal 2010 EPS of 82 cents, down 16.3% from 98 cents in the second quarter 2009. However, the adjusted EPS (excluding the charges anticipated associated with the suspension of an artificial hip replacement component) was $1.09, beating the Zacks Consensus Estimate of $1.05. EPS increased 9% from the year-ago earnings of $1.00.
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| Financial Reform: Fill In The Blanks Posted: 23 Jul 2010 05:15 AM PDT
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| Bull Of The Day: Marriott International (MAR) Posted: 23 Jul 2010 05:05 AM PDT Marriott’s (NYSE:MAR) second quarter 2010 earnings were ahead of the Zacks Consensus Estimate, reflecting a higher-than- expected RevPAR growth, particularly in North America. The company has also raised its fiscal year 2010 outlook.
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| Posted: 23 Jul 2010 05:05 AM PDT CSX Corporation (NYSE:CSX) recently reported another solid quarter as the recovery continues on the rails. CSX trades at 13x forward earnings, well under its peers which trade at 16x.
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| Posted: 23 Jul 2010 05:05 AM PDT Hasbro’s (NYSE:HAS) revenues have declined from 2009 because of last year’s strong sales from the Transformers: Revenge of the Fallen and GI Joe: The Rise of Cobra movies.
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| Stock Buy: Packaging Corp Of America Posted: 23 Jul 2010 05:05 AM PDT Packaging Corporation of America (NYSE:PKG) recently beat earnings expectations and provided a bullish outlook for the third quarter. Shares and estimates jumped on the news.
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| Bear Of The Day: Genomic Heath, Inc. (GHDX) Posted: 23 Jul 2010 05:05 AM PDT Genomic Health’s (NASDAQ:GHDX) first quarter 2010 loss of $0.07 per share missed the Zacks Consensus Estimate of a loss of $0.03. Although the company’s lead product, Oncotype DX breast cancer test, recorded a year-over-year growth of 20%, revenues declined sequentially.
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| Posted: 23 Jul 2010 05:05 AM PDT AO Smith Corp. (NYSE:AOS) has jumped higher over the last few days on a 22% earnings surprise that has shares trading within a few Dollars of the multi-year high at $56.64. Even though estimates are on the rise, shares still trade at a discount to their peers, providing plenty of upward momentum for this Zacks #1 rank stock.
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| Mutual Funds: Top 5 International Funds Posted: 23 Jul 2010 05:05 AM PDT Investing in international equity markets has emerged as a lucrative option for investors, most of whose portfolios consist entirely of domestic securities. Around half of the world's equity market capitalization is made up by international equity markets. Emerging markets, which continue to grow at a rapid pace, are of particular interest for those looking at appreciably higher rates of return. However, such investments also carry unique risks and mutual funds provide a less risky means of … [visit site to read more]
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| German Business Confidence Rises To The Highest Level Since 2007, U.K. GDP Exceeds Expectations Posted: 23 Jul 2010 04:55 AM PDT Business confidence in Europe's largest economy rose to the highest level since July 2007. Figures showed that the IFO – business climate jumped to 106.2 from 101.8 in June, while the current assessment reading rose to 106.8 to exceed economists' forecasts of 101.8. Fundamental Headlines • Europe's Banks Brace for Stress Tests – Wall Street Journal
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| Bear Markets Are Your Friend: Embrace Them Posted: 23 Jul 2010 04:44 AM PDT Rick Rodgers, CFP, CRPC is President of Rodgers & Associates Rick Rodgers, CFP®, is President of Rodgers & Associates in Lancaster, PA and author of "The New Three-Legged Stool™ A Tax Efficient Approach To Retirement".
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| How About An Actively-Managed Financial Sector ETF? Posted: 23 Jul 2010 04:00 AM PDT Roger Nusbaum, who runs the popular blog Random Roger, wrote in a post today that one area in which an actively-managed ETF could add some value is the financial sector. Roger makes the point that the financial sector is exactly the type where some active management would be beneficial to investors because of the number of potentially bad bets out there amongst banks. I couldn't agree more.
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| Will European Bank Stress Tests Be “Garbage In, Garbage Out?” Posted: 23 Jul 2010 03:52 AM PDT All eyes will turn toward Europe this afternoon for the much anticipated release of the Euro-style Bank Stress Tests. Those who truly embrace real 'sense on cents' know that the process and the data are far more important than the actual results. Why is that? If these tests are charades or nothing more than 'garbage in', then the results will most assuredly be 'garbage out.'
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