Daily Markets - Crude’s Breakout Run Stalled As Market Caught In The Pull Of NFPs’ Gravity

---

• Crude’s Breakout Run Stalled As Market Caught In The Pull Of NFPs’ Gravity
• 3 Domestic Plays On Emerging Markets
• Analyst Interviews: Restaurant Industry Review
• Earnings Scorecard: Marshall & Ilsley
• Natural Resource Partners Beats
• CNO Financial Beats, Top-line Grows
• Southern Union Beats, Reaffirms
• MetroPCS Outperforms
• Juniper Wins British Telecom Deal
• Edison Int. Misses Estimates
• CIGNA Beats, Ups Outlook
• CRL Misses, Curbs Expectations
• Cardinal Health Beats By 1 Cent
• Denbury Beats On Higher Volumes
• TRW Expands Facility In China
• International Bond ETFs Offer Diversification
• Nothing To Celebrate
• Gary Aguirre’s Sense On Cents To Chris Dodd And Barney Frank
• In-line Numbers From Atmel
• Watson Pharma Beats; Adjusts View
• Integrys Energy Outperforms
• Ameren Sweeps, Raises Outlook
• Magellan Reports Surging Profits
• Prudential Gains On Higher Revs
• Murphy Oil Beats
• Vivus Loss Widens
• Container Traffic Surges At Indian Ports In First Four Months Of Fiscal Year (April To July)

Crude’s Breakout Run Stalled As Market Caught In The Pull Of NFPs’ Gravity Posted: 05 Aug 2010 04:20 PM PDT North American Commodity Update Commodities - Energy Crude's Breakout Run has Stalled as Market Caught in the Pull of Friday's NFPs Gravity Crude Oil (LS Nymex) - $82.19 // -$0.28 // -0.34% Given the light mix of scheduled event risk today, the heavy round of data scheduled for tomorrow and a notable pause in risk appetite trends; it should come as no surprise that crude would win little progress. Drifting through its second consecutive daily decline (through the US session), the … [visit site to read more]

3 Domestic Plays On Emerging Markets Posted: 05 Aug 2010 03:17 PM PDT According to projections from the International Monetary Fund, China, India and Brazil are expected to be the economic growth leaders of the year and it is possible to reap the benefits of this international growth domestically. In addition to being cheaper, domestic stocks that are likely to benefit from international growth tend to be less volatile, have less risk and are more liquid than those of emerging markets. As these nations grow and develop, demand for energy, technology and … [visit site to read more]

Analyst Interviews: Restaurant Industry Review Posted: 05 Aug 2010 03:05 PM PDT The second half of 2010 should continue to bring gradual improvements to restaurant industry fundamentals. The industry faced extremely tough challenges through the end of 2009 due to the economic turmoil that resulted in weak labor and tight credit markets, resulting in lower discretionary spending. Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales along with a drop in costs, restaurant operators posted improved results in the first half of … [visit site to read more]

Earnings Scorecard: Marshall & Ilsley Posted: 05 Aug 2010 03:05 PM PDT Marshall & Ilsley Corporation (NYSE:MI) reported its second-quarter 2010 results on July 20. The loss for the reported quarter came in higher than the Zacks Consensus Estimate. However, the loss significantly narrowed from the prior-year quarter's loss. Results for the reported quarter primarily benefited from a lower provision for loan and lease losses, decreased non-interest expenses and slightly improved interest income. Investors were somewhat impressed by this year-over-year … [visit site to read more]

Natural Resource Partners Beats Posted: 05 Aug 2010 02:35 PM PDT Natural Resource Partners LP (NYSE:NRP) recorded net income attributed to limited partners of 38 cents per unit in its second quarter ended June 30, 2010, beating the Zacks Consensus Estimate by 8 cents. Net income in the quarter doubled year over year. The outperformance was driven by higher prices realized from the partnership's lessees for both metallurgical and steam coal compared with pre-recession levels. The higher prices aided the partnership attain record revenues and coal royalty … [visit site to read more]

CNO Financial Beats, Top-line Grows Posted: 05 Aug 2010 02:35 PM PDT CNO Financial Group, Inc. (NYSE:CNO) reported its second-quarter income from continuing operations of $44.9 million or 16 cents per share, well ahead of the Zacks Consensus Estimate of 14 cents. This also compares favorably with income of $40.8 million or 22 cents in the year-ago quarter. The improved showing was the result of strong top-line growth in all the business segments. CNO Financial's net income was $33.1 million or 12 cents in the reported quarter as opposed to $27.6 million or … [visit site to read more]

Southern Union Beats, Reaffirms Posted: 05 Aug 2010 02:35 PM PDT Southern Union Company (NYSE:SUG) reported second-quarter 2010 adjusted net earnings of 42 cents, beating the Zacks Consensus Estimate of 37 cents by 5 cents. Results were ahead of 35 cents in second-quarter 2009. Adjusted net earnings were $53.0 million, up 21% from $43.8 million in the prior year quarter. The solid performance in the quarter was primarily due to Trunkline LNG Company Infrastructure Enhancement Project being back in service as well as favorable impact of new rates at Missouri Gas … [visit site to read more]

MetroPCS Outperforms Posted: 05 Aug 2010 02:35 PM PDT MetroPCS Communications Inc. (NYSE:PCS) reported second-quarter earnings of 22 cents, beating the Zacks Consensus Estimate of 13 cents by 9 cents. Results were substantially ahead of the 7 cents earned in the prior-year quarter. Net income was $79.9 million, comparing favorably with $26.2 million in second-quarter 2009. Better-than-expected results were attributable to strong net subscriber additions coupled with lower churn largely driven by the continued acceptance of “Wireless for All” … [visit site to read more]

Juniper Wins British Telecom Deal Posted: 05 Aug 2010 02:35 PM PDT Leading networking infrastructure products and services provider Juniper Networks Inc. (NASDAQ:JNPR) recently announced that it would provide MX Series Universal Edge Routers to British Telecommunications Plc.   Founded in the U.K., British Telecommunications is the wholly owned subsidiary of BT Group plc (NYSE:BT), the world's oldest and largest telecom company. Deployment of Juniper's MX Series Universal Edge Routers will aid BT plc to set up its 21st century network (21CN). Moreover, the … [visit site to read more]

Edison Int. Misses Estimates Posted: 05 Aug 2010 02:35 PM PDT Edison International’s (NYSE:EIX) adjusted EPS of 62 cents in the second quarter of fiscal 2010 fell behind the Zacks Consensus Estimate of 68 cents by 6 cents. It also fell short of the year-ago 78 cents. On a GAAP basis the company reported EPS of $1.05, compared to a loss of 5 cents in the year-ago quarter. Operational Results Edison International’s revenue fell 3.3% to $2.7 billion in the reported quarter, compared to $2.8 billion a year earlier. Revenues were short of the Zacks Consensus … [visit site to read more]

CIGNA Beats, Ups Outlook Posted: 05 Aug 2010 02:35 PM PDT CIGNA Corp.'s (NYSE:CI) second quarter earnings of $1.38 per share were substantially ahead of the Zacks Consensus Estimate of $1.01. The results also compare favorably with earnings of $1.14 per share reported last year. Results benefited from improved contribution from Health Care, Disability & Life and International segments. Total revenue of $5.4 billion was ahead of the Zacks Consensus Estimate of $5.1 billion. It was also up 20% from $4.5 billion in the prior-year quarter, driven by … [visit site to read more]

CRL Misses, Curbs Expectations Posted: 05 Aug 2010 02:35 PM PDT Charles River Laboratories International Inc.'s (NYSE:CRL) second quarter 2010 earnings (excluding special items) of 49 cents per share fell short of the Zacks Consensus Estimate of 54 cents. This was approximately 25.8% below the year-ago earnings (excluding special items) of 66 cents. On a reported basis (including special items), the company earned 22 cents per share in the reported quarter as opposed to 52 cents in the year-ago quarter. The decrease in earnings was attributable to lower … [visit site to read more]

Cardinal Health Beats By 1 Cent Posted: 05 Aug 2010 02:35 PM PDT Cardinal Health (NYSE:CAH) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time expenses) earnings per share of 50 cents and $2.22 respectively, exceeding the Zacks Consensus Estimates of 49 cents and $2.21, respectively, but below the year-ago results of 63 cents and $2.26, respectively. Revenues Total revenue was $24.5 billion in the fourth quarter, up by a mere 0.5% year over year, and $98.5 billion in fiscal 2010, up 3%. Reported results were marginally below the Zacks … [visit site to read more]

Denbury Beats On Higher Volumes Posted: 05 Aug 2010 02:35 PM PDT Denbury Resources Inc. (NYSE:DNR) reported better-than-expected second-quarter results. Earnings per share, excluding one-time items, came in at 18 cents, above the Zacks Consensus Estimate of 15 cents and the year-earlier earnings of 16 cents. The positive comparisons were mainly driven by higher production volumes and improved commodity prices. Total revenue from operations more than doubled from the year-earlier level to $493 million. Operational Performance Production during the quarter … [visit site to read more]

TRW Expands Facility In China Posted: 05 Aug 2010 02:35 PM PDT In order to provide better service to its Asia-Pacific customer base, TRW Automotive Holdings Corp. (NYSE:TRW) has recently initiated the production of electric power steering ("EPS") from its facility located in Anting, China. As a fuel-saving and emission reducing technology, EPS is gaining global importance, and TRW is looking to expand its business both domestically and globally. Its move in China is aimed at offering the technology to customers in the Asia-Pacific region in a … [visit site to read more]

International Bond ETFs Offer Diversification Posted: 05 Aug 2010 02:17 PM PDT As developing nations continue to prosper and grow and investment dollars fund their way overseas, international bond exchange traded funds [[ETFs]] may be the answer to portfolio diversification and risk minimization. As ETFs continue to grow in popularity, they can offer investors exposure to international debt with relative ease.   The reasons behind gaining exposure to international debt include spreading out the sensitivity of U.S. interest rate movements and playing currencies … [visit site to read more]

Nothing To Celebrate Posted: 05 Aug 2010 01:58 PM PDT To borrow from the title of a recent New York Times op-ed by U.S. Treasury Secretary Timothy Geithner: “Welcome to the Recovery!” (Image: Source) “Wary U.S. Employers Keep Hiring Plans on Hold” (Reuters) LEXINGTON, Kentucky - Anyone puzzled by the reluctance of U.S. companies to hire workers in the midst of what looks like a business-led recovery needs to talk to Robert Harvell. With more than 30 years in the excavator-making business and six recessions under his belt, Harvell, the … [visit site to read more]

Gary Aguirre’s Sense On Cents To Chris Dodd And Barney Frank Posted: 05 Aug 2010 01:22 PM PDT Gary Aguirre is a great American. To those who closely follow the markets, economy, Wall Street, Washington and global finance, Gary Aguirre needs no introduction. For those not aware of how great an American Mr. Aguirre is, let me inform you that he truly distinguished himself as an attorney both while working at the SEC and after he was unceremoniously pushed out of the SEC. Was Aguirre let go by the SEC because he was another pawn in the Wall … [visit site to read more]

In-line Numbers From Atmel Posted: 05 Aug 2010 12:35 PM PDT Atmel Corporation(NASDAQ:ATML) reported revenues of $393.4 million, up 13% sequentially and up 38.5% from the year-earlier quarter. This beat management's expectation of 5% - 9% growth on a sequential basis. Based in San Jose , CA , Atmel designs, develops, manufactures and sells integrated circuit products. The company operates in four segments: Application-Specific Integrated Circuit (ASIC), Microcontrollers, Nonvolatile Memories, Radio Frequency (RF) and Automotives. On a segment basis, … [visit site to read more]

Watson Pharma Beats; Adjusts View Posted: 05 Aug 2010 12:35 PM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) reported second-quarter earnings of 83 cents per share, a couple cents above the Zacks Consensus Estimate and 13.7% above the year-ago earnings of 73 cents. Revenues increased 29% to $875.3 million, mainly due to the strong performance of the generics business. Second quarter revenues came in well above the Zacks Consensus Estimate of $846 million. Performance by Segment Watson Pharma’s Generic Product segment posted sales of $571 million, up 42%. The … [visit site to read more]

Integrys Energy Outperforms Posted: 05 Aug 2010 12:35 PM PDT Integrys Energy Group (NYSE:TEG) reported its second-quarter 2010 adjusted earnings of 47 cents per share, beating the Zacks Consensus Estimate of 41 cents by 6 cents. Results also compare favorably with 26 cents per share earned in the second quarter of 2009. Adjusted earnings were $36.4 million compared with $20.3 million in the prior-year quarter. Better-than-expected results were attributable to strong earnings performance across the segments as well as controlled costs. Including net non-cash … [visit site to read more]

Ameren Sweeps, Raises Outlook Posted: 05 Aug 2010 12:35 PM PDT Ameren Corporation (NYSE:AEE) released second quarter earnings of 73 cents, sweeping past the Zacks Consensus estimate of 50 on strong electricity sales and disciplined cost management. Earnings, however, were 2 cents short of the year-ago quarterly earnings of 75 cents. Operational Performance Net revenues in the quarter rose 1.2% from the year-ago quarter to $1.7 billion, with both Electric revenues and Gas revenues also jumping up 1.2% to $1.53 billion and $171 million, respectively. … [visit site to read more]

Magellan Reports Surging Profits Posted: 05 Aug 2010 12:35 PM PDT Magellan Midstream Partners L.P. (NYSE:MMP), a master limited partnership, announced excellent second quarter 2010 results, buoyed by higher rates and improved demand for its transportation services. The partnership reported earnings per unit (EPU) of 86 cents (excluding mark-to-market commodity-related pricing adjustments), comfortably surpassing the Zacks Consensus Estimate of 64 cents and the year-ago profit of 45 cents. Total revenues more than doubled year-over-year to $423.1 million and … [visit site to read more]

Prudential Gains On Higher Revs Posted: 05 Aug 2010 12:35 PM PDT Life insurer Prudential Financial Inc.'s (NYSE:PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in the year-ago quarter. Results for the quarter benefited from strong annuity sales, higher investment income and asset management fees. Prudential's revenues of $8.7 billion came in much higher than the Zacks Consensus Estimate of $7.2 billion. On a year-over-year basis, revenues jumped … [visit site to read more]

Murphy Oil Beats Posted: 05 Aug 2010 12:35 PM PDT Murphy Oil Corporation (NYSE:MUR) announced its second-quarter 2010 operating earnings of $1.41 per share, which surpassed the Zacks Consensus Estimate of $1.21. The results of the company also outpaced 90 cents per share reported in the year-ago quarter. Total Revenue Total revenue during the quarter increased 22.7% to $5.6 billion from $4.5 billion in the year-ago quarter. Revenue, however, missed the Zacks Consensus Estimate of $5.8 billion. The year-over-year growth in revenue was driven … [visit site to read more]

Vivus Loss Widens Posted: 05 Aug 2010 12:35 PM PDT Biopharma company Vivus Inc. (NASDAQ:VVUS) reported a loss of 28 cents in the second quarter of 2010, wider than the year-ago loss of 19 cents. The second quarter loss was also wider than the Zacks Consensus Estimate for a loss of 23 cents. Lower revenues and higher SG&A costs led to the wider loss in the second quarter. Revenues came in at $3.9 million, just shy of the Zacks Consensus Estimate of $4 million and down significantly from the year-ago quarter. Quarter in Detail Product sales, … [visit site to read more]

Container Traffic Surges At Indian Ports In First Four Months Of Fiscal Year (April To July) Posted: 05 Aug 2010 11:58 AM PDT Journal of Commerce — “Container traffic at major ports in India for the April-July period increased 14 percent over the same period last year, the Indian Ports Association said in a statement on Wednesday.  IPA estimated total volume for the first four months of fiscal 2010-11 at 2.5 million 20-foot equivalent … [visit site to read more]

You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610