Daily Markets - HP Forces Mark Hurd To Resign
Daily Markets - HP Forces Mark Hurd To Resign |
- HP Forces Mark Hurd To Resign
- Earnings Scorecard: Visa
- Nabors Agrees To Buy Superior
- Inhibitex Ready For Big 2nd Half
- BJ’s Sales Climb In July
- Tetra Tech Gets Contract
- ASA Staffing Index Reaches 94-Week High In July
- ON Semi Reports Unexciting Q2
- Cousins Properties Misses Estimates
- Novatel Downgraded To Underperform
- Short-Term Call Options: The Only Time To Use This Investment Strategy
- The Problem Of The F’s
- McDermott Misses Post Spin-Off
- Amedisys Misses Estimates
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Forex Trading: GBPJPY Feels The Pressure From Risk Aversion And Technicals
| Posted: 10 Aug 2010 10:05 AM PDT One of the most eminent leaders of the Silicon Valley, Mark Hurd, the CEO of the world's largest computer manufacturer Hewlett-Packard Company (NYSE:HPQ), has been forced to resign recently, as a result of a sexual harassment allegation brought against him. The integrity of the CEO was questioned as a result of his relationship with a marketing contractor, for whom the CEO is believed to have incurred $20,000 of expenses in relation to travel and restaurant tabs. Although this is a substantial … [visit site to read more]
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| Posted: 10 Aug 2010 10:05 AM PDT Visa Inc. (NYSE:V) reported its earnings for the third quarter of fiscal year 2010 on July 29th, beating the Zacks Consensus Estimate by 4 cents per share, led by strong top-line growth though partially offset by higher-than-expected operating expenses. However, investors' reaction on the better-than-expected results were somewhat mixed on the Wall Street. This gets reflected in slight price volatility witnessed since the earnings release. The precariousness could be justified by the uncertain … [visit site to read more]
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| Posted: 10 Aug 2010 10:05 AM PDT Nabors Industries Ltd (NYSE:NBR) – North America's largest onshore oil and natural gas driller – has agreed to acquire oilfield services provider Superior Well Services Inc. (NASDAQ:SWSI) for about $900 million.
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| Inhibitex Ready For Big 2nd Half Posted: 10 Aug 2010 10:05 AM PDT Smooth Sailing For FV-100 It's been smooth sailing so far for Inhibitex (NASDAQ:INHX) in the phase II program on FV-100. Since initiated in May 2009, the independent data safety monitoring board (DSMB) responsible for reviewing safety data from the trial has met three times to review 30-day follow-up safety data from the first, second and third quartiles. After each time, most recently as of July 22, 2010, the DSMB recommended the trial continue as planned. We expect that enrollment at 350 … [visit site to read more]
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| Posted: 10 Aug 2010 09:35 AM PDT BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted sales results for the four-week period and the second quarter ended July 31, 2010. After registering a growth of 3.8% in June 2010, BJ's experienced soft comparable club sales growth of 2.8% in July. For second-quarter 2010, comparable club sales climbed 4.4%. Rising gasoline prices positively impacted comparable club sales by 0.9% during the reported month, and by 1.5% in the … [visit site to read more]
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| Posted: 10 Aug 2010 09:35 AM PDT Tetra Tech Inc. (NASDAQ:TTEK), a global provider of engineering and consultancy services, has received a $50 million architecture/engineering (A/E) services contract from the Millennium Challenge Corporation (”MCC”). MCC is an independent U.S. foreign aid agency engaged in a worldwide drive to remove poverty.
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| ASA Staffing Index Reaches 94-Week High In July Posted: 10 Aug 2010 09:14 AM PDT The American Staffing Association (ASA) Staffing Index for temporary and contract employment activity reached a 94-week high of 94 for the week of July 26, the highest index level since a reading of 95 for the week of October 6, 2008 (see chart above, data here). Compared to the same week last year, the latest ASA Staffing Index has improved by 27% for Week 31 (see bottom chart above). This marks the 15th week in a row with percentage gains above 20% compared to the same month in 2009, the … [visit site to read more]
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| Posted: 10 Aug 2010 09:05 AM PDT ON Semiconductor (NASDAQ:ONNN) reported second quarter earnings that beat the Zacks Consensus Estimate by a penny. Shares have been range bound since ON reported, mainly due to the in-line results and disappointing guidance.
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| Cousins Properties Misses Estimates Posted: 10 Aug 2010 09:05 AM PDT Cousins Properties Inc. (NYSE:CUZ), a real estate investment trust (REIT), reported second quarter 2010 FFO (fund from operations) of $7.9 million or 8 cents per share, compared with ($64.9) million or ($1.26) in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization and other non-cash expenses to net income.
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| Novatel Downgraded To Underperform Posted: 10 Aug 2010 09:05 AM PDT We downgrade our recommendation for Novatel Wireless Inc. (NASDAQ:NVTL) to Underperform following its second quarter 2010 financial results, significantly below the Zacks Consensus Estimate. Novatel is facing intensifying competition for its legacy embedded solutions products that results in overall lower ASP and lower gross margin. Novatel has provided a tepid financial outlook. We do not find any immediate growth catalyst for the company and believe Novatel will incur loss for full year … [visit site to read more]
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| Short-Term Call Options: The Only Time To Use This Investment Strategy Posted: 10 Aug 2010 08:38 AM PDT Tuesday, August 10, 2010: Issue #1320
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| Posted: 10 Aug 2010 08:35 AM PDT The ultimate indication of a mortgage that has gone bad is when the lender forecloses and ends up owning the property. The graph below (from http://www.calculatedriskblog.com/) shows the number of properties that are in “Real Estate Owned” status (REO) by Fannie Mae (FNMA), Freddie Mac, the Federal Housing Authority and owned by the owners of the private-label mortgage-backed securities that were created by the likes of Merrill Lynch (now part of Bank of America, BAC) and its now defunct … [visit site to read more]
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| McDermott Misses Post Spin-Off Posted: 10 Aug 2010 08:35 AM PDT Energy-focused engineering and construction company McDermott International (NYSE:MDR) reported weaker-than-expected second-quarter earnings, hurt by lower sales.
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| Posted: 10 Aug 2010 08:35 AM PDT Amedisys (NASDAQ:AMED), a home health nursing company, reported earnings per share of $1.13 in the second quarter of fiscal 2010, missing the Zacks Consensus Estimate of $1.17 and $1.27 in the year-ago quarter. The company recorded an 11.8% annualized growth in revenues to reach $422.3 million. However, revenues missed the Zacks Consensus Estimate of $424 million. Growth through base/start-up agencies generated $33.6 million of revenues. Although revenues increased 11.8%, operating income declined … [visit site to read more]
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| Australian Dollar: The Downside Prevails Posted: 10 Aug 2010 08:18 AM PDT |
| Canadian Dollar: The Downside Prevails Posted: 10 Aug 2010 08:18 AM PDT |
| Forex Trading: GBPJPY Feels The Pressure From Risk Aversion And Technicals Posted: 10 Aug 2010 07:38 AM PDT |
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