Daily Markets - Sanofi Launches Cancer Treatment
Daily Markets - Sanofi Launches Cancer Treatment |
- Sanofi Launches Cancer Treatment
- Earnings Preview: Cephalon
- Earnings Preview
- Earnings Preview: Broadcom
- S&P Lowers Outlook On Duke Energy
- New Home Sales Up In June
- Dell To Settle With SEC
- Sohu Tops Zacks Consensus
- Option Plays For 27 July: US Airways Group, Office Depot, Great Atlantic & Pacific Tea, Isilon Systems
- Sonoco Beats, Raises Guidance
- Euro Leading Index Remains On Upward Trend
- Enterprise Tops Earnings Estimates
- POSCO Strengthens In Australia
- Roper 2Q In Line, Guidance Upped
- Second Quarter Earnings Haven’t Spurred A Stock Market Rally
- Bill Ackman’s Recommended Reading
| Sanofi Launches Cancer Treatment Posted: 26 Jul 2010 11:50 AM PDT Sanofi-Aventis (NYSE:SNY) recently announced the launch of its oncology drug, Jevtana (cabazitaxel), in the US. The product launch comes a month after the company gained approval from the US Food and Drug Administration (FDA) for the use of Jevtana in combination with prednisone for the treatment of metastatic hormone-refractory prostate cancer (mHRPC) patients who were previously treated with a Taxotere (docetaxel)-containing treatment regimen. Jevtana's approval came about three months … [visit site to read more]
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| Posted: 26 Jul 2010 11:30 AM PDT Cephalon Inc. (NASDAQ:CEPH) is scheduled to report second quarter results on July 27, 2010 after the market closes. The current Zacks Consensus Estimate for the second quarter is $1.99 per diluted share, representing year-over-year growth of 38%. Cephalon has consistently surpassed earnings estimates with a four-quarter average of 10.1%, and second quarter earnings are also expected to top expectations by 4.5%. Last week, Cephalon revised its guidance for the quarter saying that it now expects … [visit site to read more]
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| Posted: 26 Jul 2010 11:30 AM PDT Office Depot Inc. (NYSE:ODP), the operator of office supply stores under brand names such as Office Depot, Foray, Ativa, Break Escapes, Worklife and Christopher Lowell is slated to report its second-quarter 2010 financial results on Tuesday, July 27, 2010. The current Zacks Consensus Estimate for the quarter is a loss of 17 cents per share.
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| Posted: 26 Jul 2010 11:20 AM PDT Leading chipmaker Broadcom Corp. (NASDAQ:BRCM) is expected to report second quarter results on July 27, 2010. The company expects revenues to be up approximately 5% to 12% in the second quarter driven by strong growth in broadband and mobile and wireless segments. This implies a revenue guidance of $1.535 – $1.635 billion. First Quarter Results Broadcom reported strong results for the first quarter of 2010, driven by broad-based revenue growth propelled by strength in the enterprise and … [visit site to read more]
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| S&P Lowers Outlook On Duke Energy Posted: 26 Jul 2010 11:00 AM PDT Standard & Poor's (S&P) lowered its outlook on Duke Energy Corp. (NYSE:DUK) to 'Stable' from 'Positive' on grounds of escalating cost for completion of power plant and a more heated Ohio energy market. Standard & Poor's decided to lower the long-term outlook on Duke after the cost of completing a 630-megawatt (MW) coal-fired power plant in Indiana spiraled significantly. However, S&P maintained its ratings, including an 'A-minus' corporate rating on Duke and on … [visit site to read more]
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| Posted: 26 Jul 2010 10:50 AM PDT New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like 10%. Relative to a year ago, sales were down 16.7% from last year's rate of 396,000. On a not-seasonally-adjusted basis, sales were just 30,000 for the month — the weakest June on record. Results by Region Regionally, based on the seasonally … [visit site to read more]
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| Posted: 26 Jul 2010 10:50 AM PDT The recent disclosure made by Dell Inc. (NASDAQ:DELL) confirms that the tech major will be paying penalties to the tune of $100.0 million in settlement of the charges for its accounting fraud related to disclosures filed by the Securities Exchange and Commission (SEC). Previously, the market watchdog, SEC accused Dell of providing misleading information to the company's investors after receiving money from the largest chip manufacturer Intel Corp. (NASDAQ:INTC). This has in turn helped Dell to boost … [visit site to read more]
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| Posted: 26 Jul 2010 10:35 AM PDT A leading online brand and Internet portal in China, Sohu.com Inc. (NASDAQ:SOHU) reported strong second quarter 2010 results. Earnings, including stock based compensation expense increased 3.8% year-over-year to 82 cents per share, beating the Zacks Consensus Estimate of 80 cents by 2 cents. Earnings exclude Sohu's non-controlling interest in the online gaming company Changyou. Revenue Total revenue was up 15.0% year-over-year and 13.0% sequentially to $146.1 million in the second quarter of … [visit site to read more]
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| Posted: 26 Jul 2010 10:19 AM PDT US Airways Group, Inc. (NYSE:LCC) - Large chunks of call options changed hands on US Airways this morning with shares of the underlying stock rallying 3.20% to $10.68 by 12:10 pm (ET). It looks like the majority of the call action took place in the August contract and is the work of one investor rolling a long call stance up to a higher strike price. The trader likely purchased approximately 18,000 calls at the August $10 strike for an average premium of $0.41 apiece back on July 6th and 7th … [visit site to read more]
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| Posted: 26 Jul 2010 10:15 AM PDT Sonoco Products Co. (NYSE:SON) delivered earnings per share (EPS) of 59 cents in its second quarter ended June 27, 2010, surpassing the Zacks Consensus Estimate of 56 cents and year-earlier earnings of 41 cents. The quarter's earnings were also well ahead of the upper-end of its guidance range. The outperformance is attributable to signs of improvement in the macro economy, which boosted volumes and productivity. The reported and year-ago quarters' earnings' exclude after-tax restructuring … [visit site to read more]
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| Euro Leading Index Remains On Upward Trend Posted: 26 Jul 2010 10:11 AM PDT BRUSSELS, July 26, 2010 — “The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.5 percent in June to 111.2 (2004 = 100), following a 0.3 percent decline in May and a 0.8 percent increase in April. Said Jean-Claude Manini, The Conference Board senior economist for Europe: "After declining in May, the LEI for the Euro Area has picked up in June. While the recovery is unlikely to falter in the short-term, the pace of economic growth may ease somewhat. Confidence … [visit site to read more]
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| Enterprise Tops Earnings Estimates Posted: 26 Jul 2010 10:05 AM PDT Enterprise Products Partners (NYSE:EPD) reported earnings per limited units of 46 cents, exceeding the Zacks Consensus Estimate of 44 cents as well as the year-ago quarter earnings of 32 cents. The partnership restated its 2009 figures to reflect the merger of TEPPCO Partners L.P., which was completed on October 26, 2009. The quarter results mainly reflect strong volumes across the midstream system, improvement in domestic and global economic activity, increased demand for natural gas liquid … [visit site to read more]
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| POSCO Strengthens In Australia Posted: 26 Jul 2010 10:05 AM PDT Korean steel maker, POSCO (NYSE:PKX) remains well-positioned to leverage from its expansion into the fast-growing markets. Following a 70% stake acquisition in Australia's Sutton Forest coal mine, the company has acquired a 24.5% share in API (Australian Premium Iron) Iron Ore Mine. The deal was approved at the company's board meeting on July 16.
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| Roper 2Q In Line, Guidance Upped Posted: 26 Jul 2010 10:05 AM PDT Roper Industries Inc. (NYSE:ROP) reported second quarter 2010 results before the market opened. Earnings for the second quarter were 74 cents per share, in-line with the Zacks Consensus Estimate. Earnings were up 15.6% year over year from 64 cents and in-line with management's guidance last quarter in the range of 71 cents to 75 cents. Results for the quarter include a $1.9 million pre-tax loss due to foreign exchange re-measurement. The company reported higher sales, increased order growth, … [visit site to read more]
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| Second Quarter Earnings Haven’t Spurred A Stock Market Rally Posted: 26 Jul 2010 10:01 AM PDT 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 … [visit site to read more]
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| Bill Ackman’s Recommended Reading Posted: 26 Jul 2010 08:59 AM PDT Bill Ackman Bill Ackman's lists his favorite books on investing in Confidence Game, a great new book by Christine Richard.
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