Daily Markets - In Bad Shape
Daily Markets - In Bad Shape |
- In Bad Shape
- Stock Picks For Thursday 12 August: JDS Uniphase, Motorola, United Airline, THQ
- Antidote To Obamacare And Gov’t. Healthcare: Dr. Wal-Mart Is Changing The Face Of Medicine
- Falling For The Promise Of An Untested Redeemer
- Saved At The 50-day Moving Average
- Earnings Scorecard: Teradata
- America’s Biggest Jobs Program — The U.S. Military
- Teva Acquires Ratiopharm
- Deeper Loss For Raser, Misses Ests
- Raytheon Wins Air Force Contract
- JA Solar Posts Higher Revenues
- Partnership Deal For Omnicell
- Medicis Beats, Provides Outlook
- Wendy’s/Arby’s Expands In Russia
- Wet Seal Sales Dip, Affirms Outlook
- Scotts Miracle-Gro Beats, Reaffirms
- Fossil Cruises On Watch
- CSC Mixed On Top, Bottom Lines
- Spectra Energy: Earnings Scorecard
- CryoLife CryoPatch Gets Extension
- Luminex Reiterated At Neutral
- Earnings Preview: Brinker Int’l
- Deleveraging And Deficits
- Earnings Scorecard: Cardinal Health
| Posted: 11 Aug 2010 06:16 PM PDT Although I’ve said it before, I still can’t believe that anybody is talking about economic “recovery” with a jobs market as bad as the one we have now. Aside from all the other data we’ve seen lately, here are three reports that emphasize just how challenging things are for those who are trying to earn a living the old-fashioned way: “Help Wanted: Only Interns” (CFOZone.com) Here is a frightening development from a macro economic standpoint. However, for CFOs, it frankly offers a shrewd … [visit site to read more]
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| Stock Picks For Thursday 12 August: JDS Uniphase, Motorola, United Airline, THQ Posted: 11 Aug 2010 06:07 PM PDT ( click to enlarge ) JDS Uniphase (NASDAQ:JDSU) - The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. JDSU will face short to medium term resistance at $11.58. Once this level is crossed with good volumes, the stock can go to $12.90. ( click to enlarge ) Motorola (NYSE:MOT) is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical chart is … [visit site to read more]
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| Antidote To Obamacare And Gov’t. Healthcare: Dr. Wal-Mart Is Changing The Face Of Medicine Posted: 11 Aug 2010 05:14 PM PDT COLUMBUS DISPATCH — “From operating one of the nation’s largest optometry businesses to offering in-store retail health clinics to selling $4 prescriptions, Wal-Mart is changing where people get health care. When Wal-Mart started selling generic medications for $4 for a month’s supply, critics said it was just a way to lure more customers. Six years later, that move has changed the way doctors prescribe medications and made the big-box retailer a force in the nation’s health-care … [visit site to read more]
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| Falling For The Promise Of An Untested Redeemer Posted: 11 Aug 2010 05:08 PM PDT From today’s WSJ article “The Obsolescence of Barack Obama” by Johns Hopkins School of Advanced International Studies Professor Fouad Ajami: “It is in the nature of charisma that it rises out of thin air, out of need and distress, and then dissipates when the magic fails. The country has had its fill with a scapegoating that knows no end from a president who had vowed to break with recriminations and partisanship. The magic of 2008 can’t be recreated, and good riddance to it. Slowly, … [visit site to read more]
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| Saved At The 50-day Moving Average Posted: 11 Aug 2010 04:49 PM PDT Is the market rigged as has been discussed in an on-going debate in the commentary section of this blog? When people use the term “rigged” they mean “manipulate fraudulently; to arrange or tamper with the results of something” as defined on Dictionary.com.
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| Posted: 11 Aug 2010 03:35 PM PDT A leading provider of Enterprise Data Warehousing (EDW) solutions, Teradata Corp. (NYSE:TDC) reported strong results for the second quarter 2010, beating the Zacks Consensus Estimate by 3 cents. Although Teradata's second quarter results exceeded the Zacks Consensus Estimate, the upside was considerably low. Overall, the analysts' opinion remains mixed on the stock, given the company's lackluster guidance for 2010. Second Quarter Highlights The company reported second quarter results on … [visit site to read more]
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| America’s Biggest Jobs Program — The U.S. Military Posted: 11 Aug 2010 03:08 PM PDT America's biggest — and only major — jobs program is the U.S. military.
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| Posted: 11 Aug 2010 03:05 PM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced the completion of its second major acquisition in a period of two years. The company announced that it has acquired Germany's second largest generics producer, Ratiopharm, for an enterprise value of €3.625 billion plus accrued interest of €186 million (a total value of approximately $4.95 billion). Teva's last major acquisition was that of Barr Pharmaceuticals, a US-based multinational generic pharmaceutical company with … [visit site to read more]
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| Deeper Loss For Raser, Misses Ests Posted: 11 Aug 2010 03:05 PM PDT Energy technology company Raser Technologies Inc. (RZ) announced its second-quarter 2010 operating loss of 72 cents per share, much higher than the Zacks Consensus Estimate operating loss of 11 cents per share. The results of the company were worse than the year-ago loss of 6 cents per share. Total Revenue Total revenue of the company at the end of the second quarter was $1.0 million versus $0.4 million in the year-ago quarter. Reported results were in line with the Zacks Consensus Estimate … [visit site to read more]
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| Raytheon Wins Air Force Contract Posted: 11 Aug 2010 03:05 PM PDT Diversified aerospace and defense operator Raytheon Co. (NYSE:RTN) announced that it received a missile contract worth $450 million from the U.S Air Force. As per the contract, Raytheon will design, engineer as well as manufacture and develop a new precision strike missile. The new air-launched missile is designed to defeat moving and fixed targets during bad weather, thus helping the U.S. Air Force perform even in inclement conditions. Raytheon is expected to start delivery of the missile from … [visit site to read more]
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| JA Solar Posts Higher Revenues Posted: 11 Aug 2010 02:35 PM PDT JA Solar Holdings Co. Ltd. (NASDAQ:JASO) announced adjusted earnings per American Depositary Share (EPADS) of 18 cents in its second quarter, which fell short of the Zacks Consensus Estimate of 23 cents. However, results comfortably beat the year-ago adjusted loss per ADS of 18 cents. Quarterly Performance JA Solar's revenues in the reported quarter were $351.2 million, compared to $281 million in the first quarter of 2010 and $88.6 million in the year-ago quarter. Revenues in the reported … [visit site to read more]
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| Posted: 11 Aug 2010 02:35 PM PDT Recently, Omnicell (NASDAQ:OMCL) entered into a partnership agreement with Sentry Data Systems to co-market the latter's Sentinel RCM application. We believe this agreement will mutually benefit both as their businesses complement each other. While Omnicell's Workflow software caters to inventory management system for hospital pharmacies, Sentry provides solutions to solve financial challenges of hospitals and pharmacies. The respective products for both Omnicell and Sentry will enable … [visit site to read more]
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| Medicis Beats, Provides Outlook Posted: 11 Aug 2010 02:35 PM PDT Medicis Pharmaceutical Corp. (NYSE:MRX) posted second quarter 2010 earnings of 56 cents per share, beating the Zacks Consensus Estimate of 49 cents and 42.6% above the previous year earnings of 39 cents. Higher revenues accounted for the increased earnings. Revenues Quarterly revenues increased 23.2% year over year to $174 million, beating the Zacks Consensus Estimate of $170 million. Increased sales of Solodyn, Ziana, Restylane and Dysport helped boost revenues. Medicis Pharma's acne product … [visit site to read more]
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| Wendy’s/Arby’s Expands In Russia Posted: 11 Aug 2010 02:05 PM PDT Wendy's/Arby's Group, Inc. (WEN), the third largest quick-service restaurant company in the United States, has set its eyes on the Russian market for growth. The Russian market is one of the fastest growing markets; thereby enabling Wendy's/Arby's to benefit considerably from its long-term growth opportunities.
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| Wet Seal Sales Dip, Affirms Outlook Posted: 11 Aug 2010 02:05 PM PDT Wet Seal Inc. (NASDAQ:WTSLA) has re-entered negative territory, with the leading specialty retailer reporting negative same-store sales of 4.3% for the four-week period ended July 31, 2010. The company had suffered a same-store sales decline of 12.1% in the comparable year-ago period. Net sales in July dipped 3.9% year over year to $41.1 million. Wet Seal affirmed its fiscal second quarter earnings per share (EPS) expectation of 2 cents, at the low end of its initial guidance range of 2 to 4 … [visit site to read more]
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| Scotts Miracle-Gro Beats, Reaffirms Posted: 11 Aug 2010 02:05 PM PDT The Scotts Miracle-Gro Co. (NYSE:SMG) recorded a 19.0% growth in fiscal 2010 third-quarter GAAP net income to $175.9 million from $147.8 million in the year-ago period mainly due to better pricing and cost containment initiatives. Earnings from continuing operations came in at $2.61 per share, easily beating both the Zacks Consensus Estimate of $2.46 and the year-ago result of $2.34 per share. Bolstered by the better-than-expected performance, Scotts Miracle-Gro doubled its quarterly dividend to … [visit site to read more]
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| Posted: 11 Aug 2010 01:35 PM PDT Texas-based Fossil Inc. (FOSL) reported robust second-quarter earnings of 80 cents per share, substantially beating the year-earlier earnings of 25 cents and the Zacks Consensus Estimate of 33 cents. The better-than-expected results were mainly attributable to strong sales of watches in the U.S., Asia and Europe.
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| CSC Mixed On Top, Bottom Lines Posted: 11 Aug 2010 01:35 PM PDT Computer Sciences Corporation (NYSE:CSC) reported first quarter 2010 EPS of $0.91, exceeding the Zacks Consensus Estimate of $0.90, while revenue of $3.94 billion was below the Zacks Consensus of $4.07 billion. Revenue The company's first quarter 2011 revenue was up 1.1% compared to the year-ago quarter, driven by strength across all segments except Business Solutions & Services. North American Public Sector (NPS) revenue was $1.55 billion, up 2.2% compared to the year-ago quarter. … [visit site to read more]
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| Spectra Energy: Earnings Scorecard Posted: 11 Aug 2010 01:35 PM PDT While Spectra Energy Corporation (SE) posted strong results in the second quarter, it slipped from our estimate mainly due to lower-than-expected contribution from the Field Services segment. We believe that current concerns related to commodity prices remain in place, at least for the near term. However, the company is on track to meet its financial goals for the year.
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| CryoLife CryoPatch Gets Extension Posted: 11 Aug 2010 01:05 PM PDT Medical devices and tissue processing company CryoLife Inc (CRY) has reportedly secured 510 (k) approval from the U.S. Food and Drug Administration (FDA) for a five-year shelf-life extension on its CryoPatch SG pulmonary human cardiac patch. The patch is indicated for the repair or reconstruction of the right ventricular outflow tract (RVOT) in children with congenital heart defects. The product was approved by the FDA for marketing in August 2009.
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| Posted: 11 Aug 2010 01:05 PM PDT We reaffirm our Neutral recommendation on Luminex Corp. (LMNX) after assessing the company's second-quarter fiscal 2010 results. The company produced a mixed bag in the quarter with profit plunging 27% year over year on account of higher costs and taxes. Adjusted earnings missed the Zacks Consensus Estimate by 3 cents. On a positive note, solid system and consumables sales catapulted to a healthy double-digit top-line growth.
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| Earnings Preview: Brinker Int’l Posted: 11 Aug 2010 12:35 PM PDT Texas-based Brinker International Inc. (NYSE:EAT), primarily engaged in the operation, development, and franchising of various restaurant brands under Chili's Grill & Bar and Maggiano's Little Italy brand names, is slated to release its fourth-quarter 2010 earnings on August 12. The current Zacks Consensus Estimate for the quarter is 46 cents per share, representing an annualized decline of 11.54%.
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| Posted: 11 Aug 2010 12:35 PM PDT I found the graph below from a recent article by economists Carmen Reinhart and Ken Rogoff to be very interesting. My interest was not so much in the main point of their article, which is that public debt to GDP ratios above 90% are dangerous for future growth prospects, based on historical evidence across a wide array of countries. While I do find that result to be interesting, I would note that the sample size for countries with public debt above 90% is relatively small, and in most cases … [visit site to read more]
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| Earnings Scorecard: Cardinal Health Posted: 11 Aug 2010 12:35 PM PDT Cardinal Health (CAH), one of the largest distributors of pharmaceuticals and medical supplies, recently reported earnings for fourth-quarter of fiscal year 2010, which beat the Zacks Consensus Estimate by a penny.
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