Daily Markets - Forex Trading: NZD Unchanged After Wages Climb
Daily Markets - Forex Trading: NZD Unchanged After Wages Climb |
- Forex Trading: NZD Unchanged After Wages Climb
- Not So Encouraging
- Lincoln Electric Doubles EPS
- China Mobile & The Bush Tax Cuts
- PMI Group’s 2Q Plummets
- Allergan Beats Zacks Estimates
- Penske Profits Rise 47%
- Seven ETFs To Play Deflation
- Trinity Bio’s Solid Q2 & Outlook
- Green Mountain Keeps Growing
- Grupo TMM Sees Maritime Growth
- Arch Coal Tops, Ups Guidance
- Aetna, CVS Strike Deal
- Loews Beats On Bottom Line
- As Cotton Prices Increase… The Clothing Industry Faces A Dilemma
- DENTSPLY Stays Neutral
- Forex Trading: USDJPY Tests Intraday Resistance At 86.51.
- El Paso Enhances Pipeline Business
- AMSC Beats, Increases Outlook
- Miami Home Sales Increase In June For 16th Month
- Forex Trading: USDCAD Bounces Off Support But Pressured Today On Higher Oil
- Why We Really Shouldn’t Keep The Bush Tax Cut For The Wealthy
- Chart Of The Day: Record Corporate Profits In Q1
- Consuelo Mack Interviews Steven Romick
- Healing Damaged Investor Psychology
| Forex Trading: NZD Unchanged After Wages Climb Posted: 02 Aug 2010 03:58 PM PDT Private Wages rose in New Zealand this morning, as the Private Wages Including Overtime rose by 0.5% in the second quarter, more than the 0.4% estimate. Average Hourly Earnings also beat estimates with a 0.6% (estimated @ 0.5%.) The Kiwi however had no reaction after rallying a full penny to open the trading … [visit site to read more]
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| Posted: 02 Aug 2010 03:17 PM PDT The following is a graph from a post I just wrote for DailyFinance, “Is the ISM Manufacturing Report Flashing a Warning?” which suggests that today’s data might not be as encouraging as investors seem to think when viewed in a different light: Click here to read the … [visit site to read more]
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| Posted: 02 Aug 2010 03:05 PM PDT Lincoln Electric Holdings Inc. (NASDAQ:LECO) delivered earnings per share (EPS) of 77 cents in its second quarter ended June 30, 2010, ahead of the Zacks Consensus Estimate of 68 cents, and more than double the EPS of 34 cents in the year-ago quarter. The year-over-year improvement was driven by the improving demand, new product introductions and margin expansion as a result of its ongoing cost improvement initiatives. Adjusted EPS for the quarter excludes the per-share effect of special items in … [visit site to read more]
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| China Mobile & The Bush Tax Cuts Posted: 02 Aug 2010 03:05 PM PDT As an investment, I happen to like China Mobile (NYSE:CHL). It is the largest mobile phone company in the world by a very large margin, with over a half a billion subscribers. It is a play on the development of the Western parts of China, the poorer and more rural areas, where it has a much higher relative market share than its competitors. As the Chinese consumer is able to spend more of what he earns, a good portion of that spending is likely to go to more value-added mobile communication … [visit site to read more]
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| Posted: 02 Aug 2010 02:50 PM PDT PMI Group Incorporation (NYSE:PMI) reported second-quarter net loss from continuing operations of $1.11 per share, much wider than the Zacks Consensus Estimate of a loss of 65 cents per share. However, the reported quarter loss was narrower than the loss of $2.71 per share in second-quarter 2009. Losses from continuing operations reached $150.6 million compared with a loss of $222.6 million in the prior-year quarter. The lower year-over-year loss was due to lower losses and loss adjustment … [visit site to read more]
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| Allergan Beats Zacks Estimates Posted: 02 Aug 2010 02:35 PM PDT Allergan, Inc. (NYSE:AGN) reported second quarter earnings of 85 cents per share, 4 cents above the Zacks Consensus Estimate and the guidance issued by the company. While earnings increased 13.3% from the year-ago quarter, revenues increased 10.3% to $1,247.2 million. Revenues exceeded the Zacks Consensus Estimate of $1,206 million. Allergan also declared a second quarter dividend of 5 cents per share. Sales by Product Specialty pharmaceuticals sales increased 10% to $1,013.2 million, with eye … [visit site to read more]
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| Posted: 02 Aug 2010 02:20 PM PDT Penske Automotive Group, Inc. (NYSE:PAG) recorded a 47% increase in profit to $29.2 million in the second quarter of fiscal 2010 from $19.8 million in the same quarter of the prior year, due to an improvement in the retail environment. The profit improved 45% to 32 cents per share from 22 cents per share a year ago as well as from the Zacks Consensus Estimate of 28 cents per share. Revenues in the quarter rose 16.6% to $2.7 billion, driven by a 16.2% increase in new and used retail unit sales. … [visit site to read more]
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| Posted: 02 Aug 2010 02:17 PM PDT As deflationary concerns continue to make headlines amongst investors, dividend paying investments, interest-bearing investments and cash become more appealing.
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| Trinity Bio’s Solid Q2 & Outlook Posted: 02 Aug 2010 02:05 PM PDT Second Quarter Financial Results On July 29, 2010, Trinity Biotech (NASDAQ:TRIB) reported financial results for the second quarter ending June 30, 2010. Revenue of $22.6 million beat our $21.5 million estimate by 5%. Clinical lab revenue came in at $18.6 million ($4.4 million continuing operations and $14.2 million related to the divested coagulation business) versus our estimate of $17.0 million, and was aided by strong Lyme disease sales and products from the Fitzgerald business. Point-of-care … [visit site to read more]
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| Posted: 02 Aug 2010 01:50 PM PDT Green Mountain Coffee Roasters (NASDAQ:GMCR) registered robust third quarter 2010 earnings of 19 cents a share that shot up by 58% from 12 cents posted in the year-ago period. Earnings also beat the Zacks Consensus Estimate by a penny. The upswing came on the back of success in Keurig Single-Cup Brewing System and the acquisition of Diedrich Coffee Inc. On a reported basis, including one-time items, earnings came in at 13 cents, up 8% from 12 cents delivered in the year-earlier period. Green … [visit site to read more]
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| Grupo TMM Sees Maritime Growth Posted: 02 Aug 2010 01:35 PM PDT Maritime Drives Growth at Grupo TMM Grupo TMM S.A.B. (NYSE:TMM) is one of the largest integrated logistics and transportation companies in Mexico. The firm, through its subsidiaries, provides maritime services, land transportation services, integrated logistics services and ports and terminals management to international and domestic clients throughout Mexico. Despite the global recession in 2009, TMM has continued to record solid EBITDA growth. The firm is committed to modernizing its fleet, … [visit site to read more]
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| Posted: 02 Aug 2010 01:20 PM PDT Coal producer Arch Coal Inc. (NYSE:ACI) announced its operating earnings of 43 cents per share for the second quarter 2010, which is much higher than the Zacks Consensus estimate of 25 cents. The operating earnings during the second quarter were higher than the year-ago quarter net loss of 11 cents. GAAP net earnings of the company during the reported quarter were 41 cents per share versus a net loss of 11 cents per share in the second quarter of 2009. The operating net income of the company at … [visit site to read more]
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| Posted: 02 Aug 2010 01:05 PM PDT Last week, health insurer Aetna Inc. (NYSE:AET) announced that it has entered into a 12-year contract with pharmacy benefit manager (PBM) CVS Caremark (NYSE:CVS). Pursuant to the agreement, Caremark will act as a PBM of Aetna's prescription drug program for its Pharmacy Benefit Unit. In the United States, a PBM is a third-party administrator of prescription drug programs who are primarily responsible for processing and paying prescription drug claims. Caremark will take on responsibility for 9.7 … [visit site to read more]
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| Posted: 02 Aug 2010 12:50 PM PDT Loews Corporation (NYSE:L) reported its second-quarter 2010 net income of 87 cents per share, beating the Zacks Consensus Estimate of 82 cents. Results compare favorably with 78 cents per share in the prior-year quarter. Net income was $366 million compared with $340 million in second quarter 2009. Excluding net investment gains of $1 million, net income of Loews was $365 million compared with $518 million in second quarter 2009. The prior-year quarter incurred net investment losses of $178 … [visit site to read more]
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| As Cotton Prices Increase… The Clothing Industry Faces A Dilemma Posted: 02 Aug 2010 12:41 PM PDT Clothing manufacturers everywhere are definitely feeling the affects of rising raw material costs these days. As clothing makers trend's moved towards nylon and polyester, farming the natural forms became less and less profitable. Makes sense, … [visit site to read more]
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| Posted: 02 Aug 2010 12:35 PM PDT We reiterate our Neutral recommendation on DENTSPLY International (NASDAQ:XRAY), a global leader in the design, development, manufacture and marketing of dental products. Earnings for the second quarter missed the Zacks Consensus Estimate by a penny. However, the company posted top-line improvement, fuelled by acquisitions and recovery in the global dental market.
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| Forex Trading: USDJPY Tests Intraday Resistance At 86.51. Posted: 02 Aug 2010 12:22 PM PDT |
| El Paso Enhances Pipeline Business Posted: 02 Aug 2010 12:20 PM PDT El Paso Corporation (NYSE:EP) has entered into a 50/50 joint venture with AGL Resources Inc. (AGL), an Atlanta-based energy service company, for the distribution of liquefied natural gas (LNG) across the southeastern United States. The joint venture, Southeast LNG Distribution Company, will own a fleet of LNG-fueled tankers and distribution facilities and will primarily supply energy to heavy-duty transportation markets.
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| Posted: 02 Aug 2010 12:20 PM PDT American Superconductor (NASDAQ:AMSC) announced its first-quarter fiscal 2010 operating earnings of 28 cents per share, which surpassed the Zacks Consensus Estimate of 15 cents and is over 2x its year-ago earnings of 12 cents per share. The GAAP earnings of the company during the quarter were 20 cents per share versus 4 cents per share reported in the first quarter of fiscal 2009. Operating net income of American Superconductor at the end of the first quarter of fiscal 2010 was $13 million, versus … [visit site to read more]
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| Miami Home Sales Increase In June For 16th Month Posted: 02 Aug 2010 12:11 PM PDT According to DQ News, “Miami area home sales rose sharply in June, the result of low prices, low mortgage rates and what was likely the final big boost from the federal home buyer tax credits.” Other highlights include: 1. Sales of existing condos rose to a five-year high in June, and total escrow closings were the highest for any June since 2007. 2. In June 9,296 new and resale houses and condos closed escrow in the Miami metro area, up by 18.3 percent from May and up 20.4 percent … [visit site to read more]
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| Forex Trading: USDCAD Bounces Off Support But Pressured Today On Higher Oil Posted: 02 Aug 2010 12:07 PM PDT |
| Why We Really Shouldn’t Keep The Bush Tax Cut For The Wealthy Posted: 02 Aug 2010 11:39 AM PDT The economy is slouching backward because consumers can't and won't spend enough to revive it. Congress is about to recess for the summer without doing anything to fill the gap. And it looks like the only issue it will be debating when it returns is who, if anyone, should pay more taxes next year – just the very rich, everyone, or no one? The cuts enacted by George W. Bush will expire in January, and with midterm election pending in November we're about to be treated to months of tax … [visit site to read more]
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| Chart Of The Day: Record Corporate Profits In Q1 Posted: 02 Aug 2010 11:35 AM PDT
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| Consuelo Mack Interviews Steven Romick Posted: 02 Aug 2010 11:30 AM PDT Steven Romick On this week's Consuelo Mack WealthTrack, Consuelo sits down with Great Investor, , the founder and portfolio manager of the five star FPA Crescent Fund. Romick's contrarian views and go anywhere, invest in anything style have put him in the top one percent of all money managers over the last decade and earned him a finalist slot for Morningstar's new Fund Manager of the Decade Award. Check out Consuelo Mack WealthTrack website for additional interview … [visit site to read more]
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| Healing Damaged Investor Psychology Posted: 02 Aug 2010 10:45 AM PDT There’s so much conflicting and contradictory information that investors don’t know whether to sell or to back up the truck and load up? For example, In a recent Seeking Alpha blog article entitled “Warning Signs Suggest Market Headed for Another Collapse”, the author compared the head-and-shoulders formation in 2008 just before the Financial Crises Crash of 2008-09 to one he sees in the recent market action (something I wrote here often about). He concludes:
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