Daily Markets - US Bank Failures Reach 103 So Far This Year, Will Your Bank Survive? |
- US Bank Failures Reach 103 So Far This Year, Will Your Bank Survive?
- Summertime Stock Market Is A Trader’s Market
- Global Economic Recovery Watch
- Stock Picks For Tuesday 27 July: Allied Irish Banks, Banner Corporation, Arena Pharmaceuticals
- U.S. Stock Market: Hedge Funds Care About 200-Day Moving Averages, So Should You
- Logical Thinking Is In Short Supply
- The Great Decoupling Of Corporate Profits From Jobs
- Plausible Oil Spill Scenario: Underground Blowout And Mudflow
- A Positive Bearing On Equities And Tumble For The Dollar Wouldn’t Leverage Crude Above $80
- Earnings Preview: MetLife
- Ralph Lauren De-licenses Doosan
- Treasury To Sell Citi Shares
- Earnings Scorecard: Stryker
- Nash Finch Beats Estimates
- Align Tops Expectations
- Earnings Preview: Ecolab
- RPM Q4 Beats Expectations
- Autoliv Outpaces Estimates
- Peabody: Earnings Scorecard
- Lorillard Beats, Volume Dips
- Earnings Scorecard: Baxter
- Forest Labs Settles Patent Fight
- Keine Transparenz Mit Diesen Untersuchungen
- Earnings Preview: Wellpoint
- Synovus Trims Losses But Lags Ests
- How China Will Define The New Era Of The Global Energy Landscape
| US Bank Failures Reach 103 So Far This Year, Will Your Bank Survive? Posted: 26 Jul 2010 05:45 PM PDT Have you ever noticed how almost all U.S. bank closings are now announced over the weekend? It is almost as if someone wants to keep the increasing number of bank closures out of the news cycle as much as possible. The Obama administration continues to use phrases like “green shoots” and “economic recovery”, but the truth is that the U.S. banking system is in the middle of a meltdown. On Friday, federal regulators shut down 7 more banks. That means that the total number of U.S. … [visit site to read more]
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| Summertime Stock Market Is A Trader’s Market Posted: 26 Jul 2010 05:22 PM PDT The market is holding key levels of 111 in the SPY (SPY). However, we cannot forget that this current trend is happening in July & August, months that have been notoriously slow and have never really been months that signaled a major trend change. At this stage these are trading markets, no matter if you are on the long or short side; these are not markets where long-term positioning is taking place. I only write this so there is no possible confusion of the state of the market - it … [visit site to read more]
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| Global Economic Recovery Watch Posted: 26 Jul 2010 05:17 PM PDT 1. “The Conference Board Leading Economic Index (LEI) for Australia increased 0.3 percent and The Conference Board Coincident Economic Index (CEI) increased 0.2 percent in May. The Conference Board LEI for Australia remains on a rising trend, which began in the middle of last year. However, its six-month growth rate has moderated in recent months. At the same time, The Conference Board CEI for Australia has continued to increase this year, and its six-month growth has been fairly stable. … [visit site to read more]
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| Stock Picks For Tuesday 27 July: Allied Irish Banks, Banner Corporation, Arena Pharmaceuticals Posted: 26 Jul 2010 05:12 PM PDT ( click to enlarge ) Shares of Arena Pharmaceuticals (NASDAQ:ARNA) are very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by volume. However, as clearly seen on daily chart, the stock needs to take a breather. It cannot sustain a very steep slope forever and looking at the RSI, it has reached the overbought territory in a very sharp upmove. It seems that the breather will happen anytime soon. Things to watch out for tomorrow is … [visit site to read more]
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| U.S. Stock Market: Hedge Funds Care About 200-Day Moving Averages, So Should You Posted: 26 Jul 2010 05:01 PM PDT Markets set asset prices. Markets determine how much your brokerage account, IRA, and 401(k) are worth. Hedge funds and large institutions drive markets. Therefore, it is prudent to know what large institutions and hedge funds care about and what they see in the current market. Right, wrong, or indifferent, hedge funds and large institutions monitor closely and care about 200-day moving averages. In oversimplified terms, the big market players like to be in markets that are … [visit site to read more]
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| Logical Thinking Is In Short Supply Posted: 26 Jul 2010 04:49 PM PDT Maybe it’s always been that way, but logical thinking seems to be in severely short supply nowadays.
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| The Great Decoupling Of Corporate Profits From Jobs Posted: 26 Jul 2010 04:20 PM PDT Second-quarter earnings reports are coming in, and they're making Wall Street smile. Corporate profits are up. And big American companies are sitting on a gigantic pile of money. The 500 largest non-financial firms held almost a trillion dollars in the second quarter, and that money pile is growing larger this quarter. Profits that plummeted in the recession have bounced back. Big businesses have recovered almost 90 percent of what they lost.
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| Plausible Oil Spill Scenario: Underground Blowout And Mudflow Posted: 26 Jul 2010 04:12 PM PDT Amid rising fears over a circulating story about a leak and seepage, the federal government’s oil spill chief said that seepage detected two miles from BP’s oil cap is coming from another well. Meanwhile, BP is on track to use static top kill procedure in Macondo. The static kill option is basically the cousin of the previously failed top kill. According to Platts, "the static kill would pump drilling mud and cement into the well, using the same entry points as the previous top kill … [visit site to read more]
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| A Positive Bearing On Equities And Tumble For The Dollar Wouldn’t Leverage Crude Above $80 Posted: 26 Jul 2010 03:47 PM PDT There was neither volatility nor direction to crude's price action Monday. After carving out a range that was only slightly wider than this past Friday's anemic girth, the Nymex-based futures contract would end the day essentially unchanged.
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| Posted: 26 Jul 2010 03:00 PM PDT Global insurance giant MetLife Inc. (NYSE:MET) is scheduled to release its second quarter earnings results on July 29. The Zacks Consensus Estimate for the second quarter is $1.01 per share, representing a growth of about 14.5% over the year-ago quarter. Along with the first-quarter results, MetLife reaffirmed its 2010 outlook, which represents a robust operating earnings growth of about 50% over 2009. This is estimated to be in the range of $3.3 billion to $3.6 billion or $4.00 to $4.40 per … [visit site to read more]
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| Ralph Lauren De-licenses Doosan Posted: 26 Jul 2010 02:50 PM PDT Polo Ralph Lauren Corporation (NYSE:RL) will pay approximately $47 million to Doosan Corporation to gain direct control of the wholesale and retail distribution in South Korea. Doosan Corporation will cease to be the licensee of the company in South Korea, effective January 1, 2011, as the company buys back its license. The total consideration of $47 million comprises a cash payment of $25 million for certain assets and $22 million primarily for inventory and various other assets at closing on … [visit site to read more]
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| Posted: 26 Jul 2010 02:50 PM PDT In an effort to wind down its position in Citigroup Inc. (NYSE:C), the U.S. Treasury has announced its plan to continue selling off its Citi stake. The Treasury will sell 1.5 billion shares of Citi, with Morgan Stanley (NYSE:MS) as its sales agent. The Department of Treasury had received these shares as part of its efforts to rescue Citi from the murky waters of the recession. Citi, one of the companies severely hurt during the credit crisis, had received $45 billion in bailout funds in 2008 through … [visit site to read more]
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| Posted: 26 Jul 2010 02:35 PM PDT Second Quarter Revisited Medical devices giant Stryker Corp. (NYSE:SYK) produced a mixed bag in the second quarter, matching earnings expectations while missing on the revenue front. Earnings of 80 cents per share came in line with the Zacks Consensus Estimate and net income leapt 9.5% year-over-year, led by healthy growth at the MedSurg Equipment division. Revenues grew 7.6% year-over-year to $1,758 million, but trailed the Zacks Consensus Estimate of $1,767 million as higher sales from MedSurg … [visit site to read more]
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| Posted: 26 Jul 2010 02:05 PM PDT Nash Finch (NASDAQ:NAFC) reported second-quarter 2010 earnings of 88 cents per share, easily beating the Zacks Consensus Estimate of 65 cents by 23 cents. It is also ahead of 82 cents per share reported by the company in the second quarter 2009. Net income from continuing operations of Nash Finch was $11.6 million, up from $10.9 million in the prior-year quarter. The quarter was impacted by several one-time items. Adjusting for distribution center closing costs of $1.2 million or 9 cents per share, … [visit site to read more]
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| Posted: 26 Jul 2010 02:05 PM PDT The second quarter results for Align Technology (NASDAQ:ALGN) astounded all with a record-breaking performance. More specifically, the company reported EPS of 42 cents compared to the year-ago quarter's 19 cents. However, the second quarter 2010 results included benefits associated with deferred revenues of its Invisalign product line ($14.38.7 million) and credit for insurance settlement ($8.7 million). Excluding these items, EPS during the quarter was 21 cents surpassing the Zacks Consensus … [visit site to read more]
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| Posted: 26 Jul 2010 01:50 PM PDT Leading cleaning and sanitation products company Ecolab Inc. (NYSE:ECL) is slated to release its second-quarter fiscal 2010 results on Tuesday, July 27, 2010. In its first-quarter conference call, the company stated that it envisions sustained top-line improvement (in constant currency) in the second-quarter with currency exchange translation favorably impacting revenues and earnings. Moreover, margins are projected to improve on the back of significant cost-saving measures. Ecolab expects … [visit site to read more]
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| Posted: 26 Jul 2010 01:35 PM PDT RPM International Inc.'s (NYSE:RPM) fiscal 2010 fourth-quarter GAAP earnings grew 54.0% to $60.5 million from $39.3 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 53 cents, which topped the Zacks Consensus Estimate of 51 cents. The better-than-expected performance mainly stemmed from higher sales and improved gross margin. RPM manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in … [visit site to read more]
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| Posted: 26 Jul 2010 01:20 PM PDT Autoliv Inc. (NYSE:ALV) has revealed a profit of $158.6 million or $1.73 per share (excluding the loss on extinguishing debt) in the second quarter of 2010, reversing the loss of $20.7 million or 24 cents per share in the same quarter a year ago. With this, the automotive safety components manufacturer has far exceeded the Zacks Consensus Estimate of $1.36 per share during the quarter. Consolidated sales soared 51% to $1.8 billion, reflecting a 40% growth in organic sales. The company's results … [visit site to read more]
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| Posted: 26 Jul 2010 01:05 PM PDT Following the earnings release of Peabody Energy Corp. (NYSE:BTU) on July 20, 2010, analyst sentiments are largely mixed. Peabody’s strong second quarter results were a function of the company's global presence, with superior strength at its U.S. and Australian mining platforms, together with underlying cost controls and improved pricing.
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| Posted: 26 Jul 2010 01:05 PM PDT Lorillard Inc. (NYSE:LO), the third largest manufacturer of cigarettes in the United States, posted second quarter earnings of $1.73 per share, up 1.2% compared with $1.71 per share in the year-ago period. Earnings were above the Zacks Consensus Estimate of $1.61. On a year-ago basis, net sales for the quarter (including excise) increased by a million to $1,520 million. However, excluding such taxes, sales for the quarter moved up 0.5% to $1,038 million compared with $1,033 million in the … [visit site to read more]
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| Posted: 26 Jul 2010 12:50 PM PDT Second Quarter Review
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| Forest Labs Settles Patent Fight Posted: 26 Jul 2010 12:35 PM PDT Forest Laboratories Inc. (NYSE:FRX) and partner Merz GmbH & Co. KGaA recently entered into a patent litigation settlement agreement with about 10 companies that were seeking to launch their generic versions of Alzheimer’s drug Namenda (memantine). As per the settlement agreement, the generic version of the drug will enter the market on January 11, 2015, three months before the patent expires in April 2010. This settlement agreement is subject to review by the US government.
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| Keine Transparenz Mit Diesen Untersuchungen Posted: 26 Jul 2010 12:19 PM PDT "Was ist das, LD?" What is this, you ask?
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| Posted: 26 Jul 2010 12:15 PM PDT WellPoint Inc. (NYSE:WLP) is scheduled to report its second quarter results before the market opens on Wednesday, July 28. The Zacks Consensus Estimate for the second quarter is $1.55 per share, representing a growth of about 8.6% over the year-ago quarter.
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| Synovus Trims Losses But Lags Ests Posted: 26 Jul 2010 12:05 PM PDT On July 22, Synovus Financial Corp. (SNV) reported second-quarter loss of 36 cents per share, which significantly improved from the loss of $1.82 per share reported in the prior-year quarter. However, quarterly results missed the Zacks Consensus Estimate of a loss of 31 cents. Net loss decreased to $242.6 million from $601.2 million in the second quarter of 2009. The recovery is attributed to improved credit trends, strong balance sheet with a significant capital raise and improved corporate … [visit site to read more]
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| How China Will Define The New Era Of The Global Energy Landscape Posted: 26 Jul 2010 11:34 AM PDT The International Energy Agency (IEA) just announced it, so it's official. China is officially the world's largest energy consumer.
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