Tuesday, August 10, 2010

Daily Markets - PerkinElmer Stays At Neutral

Daily Markets - PerkinElmer Stays At Neutral

PerkinElmer Stays At Neutral

Posted: 10 Aug 2010 08:05 AM PDT

We maintain our Neutral recommendation on PerkinElmer (NYSE:PKI), a leading provider of scientific instruments, consumables and services to pharmaceutical, biomedical, environmental testing, chemical and general industrial markets worldwide. Second–quarter fiscal 2010 earnings beat the Zacks Consensus Estimate and also exceeded the company's forecast.
 
Healthy contributions from the Human Health and Environment Health segments fueled double-digit growth in revenues, which also surpassed … [visit site to read more]

Liberty Media Top-line Beats

Posted: 10 Aug 2010 08:05 AM PDT

Liberty Media Interactive (NASDAQ:LINTA) reported solid top-line growth in the second quarter of 2010. Quarterly total revenue was $2,449 million, up 5.6% year over year and also above the Zacks Consensus Estimate of $2,039 million.
 
Quarterly total operating income was $187 million compared with $322 million in the year-ago quarter. In the second quarter 2010, consolidated adjusted OIBDA was $472 million compared with $520 million in the year-ago quarter. Quarterly earning from … [visit site to read more]

Macerich Misses Estimates

Posted: 10 Aug 2010 08:05 AM PDT

The Macerich Company (NYSE:MAC), a fully-integrated real estate investment trust (REIT), reported second quarter 2010 FFO (funds from operations) of $77.5 million or 57 cents per share, compared with $59.9 million or 67 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The reported FFO for the second quarter of 2010 missed the Zacks … [visit site to read more]

Sales Rise For Merge Healthcare

Posted: 10 Aug 2010 08:05 AM PDT

Merge Healthcare (NASDAQ:MRGE) reported net loss per share of 39 cents in the second quarter of 2010 compared with earnings per share (EPS) of 1 cent in the year-ago period. The loss is primarily due to acquisition and restructuring costs of $5.9 million and a one-time dividend payment of $15.9 million on preferred stock. However, after adjusting for one-time expenses, net loss per share was 3 cents compared with EPS of 7 cents in the year-ago period. The Zacks Consensus Estimate for the quarter … [visit site to read more]

Hot Stock News For Tuesday 10 August: BP, Bank Of America, Research In Motion, McDonalds, Repsol, Credit Suisse

Posted: 10 Aug 2010 08:00 AM PDT

BP (NYSE:BP) - Co. has begun talks to sell its Vietnamese and Pakistani assets to Russian joint venture TNK-BP, according to a person close to the oil major. (Sources) - Co. and the US government are close to agreement and using future revenue from the London-based company’s Gulf of Mexico operations to back the USD 20bln clean-up and compensation fund, citing people familiar with the situation. (WSJ)

UK

International Power - Co.’s H1 Net GBP 199mln vs. Prev. GBP 394mln. In other news, … [visit site to read more]

Earnings Preview: NVIDIA Corp.

Posted: 10 Aug 2010 07:35 AM PDT

NVIDIA Corporation (NASDAQ:NVDA) is scheduled to announce its second quarter 2011 results on August 12, 2010 and the substantial downward revision in estimates reflect the negative bias that analysts have on this stock.
 
First Quarter Overview
 
The company reported encouraging first quarter 2011 numbers, with EPS of 23 cents exceeding the Zacks Consensus Estimate of 22 cents, although earnings declined compared to the year-ago quarter.
 
NVIDIA delivered revenues of $1.0 billion, … [visit site to read more]

Lions Gate Misses Estimates

Posted: 10 Aug 2010 07:35 AM PDT

Lions Gate Entertainment Corporation (NYSE:LGF) recently delivered lower-than-expected first quarter 2011 results, hurt by the fall in the top line and rise in theatrical marketing costs.
 
The company delivered a quarterly loss of 54 cents a share, reflecting a sharp drop from the earnings of 25 cents posted in the prior-year quarter. The year-ago quarter excludes a gain on extinguishment of debt. Analysts surveyed by Zacks had expected Lions Gate to earn 3 cents a share.
 
Total … [visit site to read more]

Got Gold? The End Game Is Either Hyperinflation Or Debt Implosion

Posted: 10 Aug 2010 07:30 AM PDT

“The collapse of the U.S. economy is a certainty - only the manner in which it will happen has yet to be determined. It is just a matter of time before the global derivatives bubble will produce the same result that has occurred to every other currency not backed by gold throughout history - those currencies, our 'money’, will become worthless.”

Those were the alarming words of Jeff Nielson of BullionBullsCanada.com in a recent speech* which has been edited and reformatted below (with his … [visit site to read more]

Symmetry Remains “Neutral”

Posted: 10 Aug 2010 07:05 AM PDT

We reiterate our Neutral rating on Symmetry Medical (NYSE:SMA) following our assessment of the company's second-quarter fiscal 2010 results. Earnings for the quarter surpassed the Zacks Consensus Estimate, but profit plunged 50% year over year on account of a double-digit revenue decline.  

Weaknesses across the company's core product lines such as surgical instruments and orthopedic implants led to a 12% year over year decline in revenues. Lower product launch activities by customers … [visit site to read more]

Dell Rolls Out Ultra Thin Laptops

Posted: 10 Aug 2010 07:05 AM PDT

The third largest PC maker in the world Dell Inc. (NASDAQ:DELL) recently announced the shipment of its newest invention, namely the Inspiron M101z laptop. The compact device is already available in the market at a minimum price of $449.0 and bears a one-year limited warranty.

The latest discovery weighs less than 4 pounds and is enhanced with features such as WLED display, full-width keyboard, Bluetooth, Integrated Ethernet and Wi-Fi.

Powered by Advanced Micro Devices Inc.'s (NYSE:AMD) Athlon II … [visit site to read more]

IGT Partners With Global Draw

Posted: 10 Aug 2010 07:05 AM PDT

A wholly owned subsidiary of International Game Technology (NYSE:IGT), Barcrest Group recently signed an agreement with United Kingdom based Global Draw, a wholly owned subsidiary of Scientific Games Corporation (NASDAQ:SGMS). The agreement forms a strategic partnership between the two companies.
Under the terms of the agreement, gaming machines manufactured by Global Draw will use Barcrest's content. The gaming machines, more than 7600, will be installed in over 2100 Ladbrokes shops throughout the … [visit site to read more]

Plains Plans A Cut In GOM Assets

Posted: 10 Aug 2010 06:35 AM PDT

Oil and gas company Plains Exploration & Production Co. (PXP) has decided to reduce its operation in the Gulf of Mexico (GOM) area. The company has plans to sell $2 billion worth of assets in the GOM with a view to align capital spending with operating cash flow.

Plains has a substantial presence in the GOM with a few of its assets performing per expectations. Again, some assets are in a development stage and need capital spending while the company is unsure about the time and capital … [visit site to read more]

Adobe Buys Swiss Software Maker

Posted: 10 Aug 2010 06:35 AM PDT

Adobe Systems (NASDAQ:ADBE), which makes the Photoshop and Acrobat software, recently announced that it agreed to acquire Swiss-based Web content management company Day Software Holding AG. Although the $240 million acquisition is not expected to be a game changer, it is in line with the company's acquisition strategy and its strong emphasis on boosting its Web content management and enterprise software capabilities.
Day Software specializes in high growth web content management, digital asset … [visit site to read more]

Stock Market News Briefs: Bank Of America, Credit Suisse Group, J.C. Penney Company Holding Company, Macy’s Inc, Natl Westminster Pfd, Target, UBS AG, Apple, JA Solar Holdings, Co., Ltd., Whole Foods Market

Posted: 10 Aug 2010 06:35 AM PDT

 KKR (KKR) withdrew its $500 million stock offering, citing weak market conditions

 Credit Suisse (NYSE:CS) downgraded Royal Bank of Scotland (NYSE:RBS) from “outperform” to “neutral”

 UBS (NYSE:UBS) upgraded Whole Foods (NASDAQ:WFMI) to “buy” from “neutral,” with a price target of $45

 Bank of America (NYSE:BAC) upgraded Macy’s (NYSE:M) to “buy” from “neutral,” raising the price target to $23 from $21, expecting comp trends to continue strong through 2011. The firm meanwhile dropped … [visit site to read more]

Swiss Franc: Under Pressure

Posted: 10 Aug 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails

Posted: 10 Aug 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure

Posted: 10 Aug 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]

Euro: The Downside Prevails

Posted: 10 Aug 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more]

Hologic Acquires Sentinelle Medical

Posted: 10 Aug 2010 06:05 AM PDT

Recently, Hologic (NASDAQ:HOLX) completed the acquisition of Canada-based privately owned Sentinelle Medical for $85 million. Sentinelle is also eligible to receive two-year contingent earn-out depending on its incremental revenue growth in two years. Hologic expects this acquisition to be neutral to fiscal 2011 earnings. Earlier, on July 6, 2010, Hologic had announced its intention to acquire Sentinelle.
Hologic operates in four segments − Breast Health, Diagnostics, GYN (Gynecology) … [visit site to read more]

Kohl’s July Sales Up

Posted: 10 Aug 2010 06:05 AM PDT

Kohl's Corporation (NYSE:KSS) reported a 4.1% hike in its comparable-store sales for the four-week month ended July 31, 2010, with a 4.6% increase in the second quarter of 2010. The departmental store operator also raised its second-quarter earnings per share guidance to 80 cents – 82 cents from the prior guidance of 70 cents – 75 cents, following its sales performance in July while remaining enthusiastic regarding the back-to-school season. The second-quarter results were ahead of the … [visit site to read more]

Forex Trading: USDJPY Falls After Weaker US Productivity Data

Posted: 10 Aug 2010 05:55 AM PDT

Valuation-Informed Indexing:What If Everything You Thought You Knew About Stock Investing Turned Out To Be Wrong?

Posted: 10 Aug 2010 05:44 AM PDT

by Rob Bennett
Last week's column argued that, while short-term timing (trying to guess where prices are headed in the next year) really does not work and is to be avoided, long-term timing (changing your stock allocation in response to big price swings with the understanding that you may not see benefits for doing so for as long as 10 years) always works and is to be celebrated. Does it really matter so much?
I believe that it matters a lot. I believe that taking valuations into … [visit site to read more]

Forex Trading: GBPUSD Falls As Profit Taking/slower Global Growth Dominates

Posted: 10 Aug 2010 05:35 AM PDT

Omnicom Issues Senior Notes

Posted: 10 Aug 2010 05:35 AM PDT

Last week, Omnicom Group Inc. (NYSE:OMC) priced its 4.450% senior notes due 2020 aggregating $1.0 billion. The notes will mature on August 15, 2020 and the transaction closed on August 5, 2010.
 
The proceeds from the offer will be used for general corporate purposes such as acquisitions and repurchase. During the second quarter of fiscal 2010, Omnicom repurchased $316 million worth of shares and increased its quarterly dividend by 33% from 15 cents to 20 cents per share. Thus, annual … [visit site to read more]

Forex Trading: AUDUSD Pressured By Slower Global Growth

Posted: 10 Aug 2010 05:00 AM PDT

U.K. Trade Deficit Narrows In June, GBPUSD Extends Yesterday’s Decline

Posted: 10 Aug 2010 04:55 AM PDT



Fundamental Headlines
• Dollar, Yen Gain on Fed Anticipation – Wall Street Journal
• Sluggish Productivity Flashes Warnings – Wall Street Journal
• Freddie Seeks $1.8 Billion From U.S. Treasury - Financial Times
• Bernanke's Options to Spur Growth May Move Markets More Than U.S. Economy - Bloomberg
• China Trade Surplus Widens as Import Slowdown Reflects Dwindling Expansion - Bloomberg
GBP/USD: The trade … [visit site to read more]

Gold – Entering A Strong Seasonal Period

Posted: 10 Aug 2010 03:54 AM PDT

As shown in the chart below, September has traditionally been the strongest month for gold bullion with a rise of 2.6% above the August price. Gold has risen 65% of the time since 1970. November through February are also typically strong months.

The following explanation for the seasonal pattern is offered by U.S. Global Investors: "If history is any guide, gold is about to get even more attractive because we are heading into the fall and winter gift-giving season. This is the time of year … [visit site to read more]

Technical Talk: In Absence Of Direction, Focus On Stock Selection

Posted: 10 Aug 2010 03:51 AM PDT

The comments below were provided by Kevin Lane of Fusion IQ.
Over the last few trading sessions the S&P 500 has had its upside progress capped by the 200-day moving average (1,126 area) and its downside moves supported by the 100-day moving aver­age (1,115).
Trading volumes remain very tepid and aligned with the typical summer slowdown as we approach mid to latter August and the deep dog days of summer. It is hard to imagine the market mustering a lot of headway with trading volume so … [visit site to read more]

Gerald Celente: US Oligopoly Is A Big Lie

Posted: 10 Aug 2010 03:45 AM PDT

August marks the three-year anniversary of the beginning of the financial crisis. The collapse continues today, said Gerald Celente of the Trends Research Institute. Celente said that by focusing on the Great Depression, government experts are focused on the past and are neglecting the future. The Great Depression is history, argued Celente, saying it is time to look to the future, not the … [visit site to read more]

Global Property Prices – A Two-tiered Picture

Posted: 10 Aug 2010 03:43 AM PDT

The interesting chart below on the movement in global residential property prices comes courtesy of the Global Property Guide, a site comprising probably the most extensive global data base in this space. The table shows house-price changes for the year ending with the latest quarter for which data are available, compared with price changes for the equivalent previous year-long period.
As indicated, some countries' real estate markets are moving down (most notably Latvia, Lithuania, Ukraine, … [visit site to read more]

Calling All Auction-Rate Securities Holders

Posted: 10 Aug 2010 03:42 AM PDT

Without information there can be no real truth. Without truth there can be no real justice. Without justice, what is the quality of our nation and ultimately our civilization?
Why do so many Americans remain enraged at the economic travesty of the last few years? For the very simple reason that those regulators who were charged to protect American investors not only failed in their initial charge but to a large extent have continued to fail investors by not aggressively pursuing justice where … [visit site to read more]

Humor Corner: Selective Deafness

Posted: 10 Aug 2010 03:33 AM PDT
at

No comments:

Post a Comment