Daily Markets - Target Corp. In Line With Zacks

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• Target Corp. In Line With Zacks
• Analog Devices Posts Solid Third Quarter
• Stock Market News Briefs: BJ’s Wholesale Club, Deere & Company, Goldman Sachs Group, Illinois Tool Works, Pactiv, Target, Marvell Technology Group, Ltd., Netflix
• Televisa Enters Mobile Phone Market
• Eight New Contracts For Jacobs
• Chase Bank Hires 200 In Alamo
• Forex Trading: EURUSD Disappoints The Bulls. Moves Back To Support After Failing To Extend Higher
• Earnings Preview: Staples
• Oracle Sues Google
• Swiss Franc: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Under Pressure
• Euro: The Downside Prevails
• Has Mixed Economic Data Tarnished Investors’ Interest In Silver?
• Forex Trading: USDJPY Scared To Break Below Floor At 85.18?
• Pound Rallies Subsequent To BoE Minutes, Euro Looks For Direction
• Forex Trading: GBPUSD Also Looking To Extend The Trading Range
• Forex Trading: EURUSD. Look For The Range Extension.
• Raymond James ARS Customer Requests/Offers Help
• Paralysis At The SEC – Patrick Daugherty, Partner Foley & Larnder

Target Corp. In Line With Zacks Posted: 18 Aug 2010 07:35 AM PDT Target Corporation (NYSE:TGT) recently posted second-quarter 2010 quarterly earnings of 92 cents per share, in line with the Zacks Consensus Estimate and up 17% from 79 cents last year.   The increase in quarterly earnings was driven by effective cost management and improved profitability at retail and credit card segments, which overshadowed lower-than-expected sales.   Total revenue for the quarter rose 3.1% year over year to $15,532 million but fell short of the Zacks … [visit site to read more]

Analog Devices Posts Solid Third Quarter Posted: 18 Aug 2010 07:35 AM PDT Analog Devices (NYSE:ADI) reported fiscal third-quarter earnings that beat the Zacks Consensus Estimate by 6 cents, or 8.3%. Revenue topped by 1.9%. Results exceeded management expectations on revenue, margins and earnings. Revenue Revenue of $720.3 million was up 7.8% sequentially, up 46.4% year over year and better than management's revenue guidance of $695-715 million (up 4-7% sequentially). The sequential strength was driven by the consumer and communications markets, although industrial … [visit site to read more]

Stock Market News Briefs: BJ’s Wholesale Club, Deere & Company, Goldman Sachs Group, Illinois Tool Works, Pactiv, Target, Marvell Technology Group, Ltd., Netflix Posted: 18 Aug 2010 07:05 AM PDT  Privately-held Reynolds Group announced plans to acquire hefty-bag maker, Pactiv (NYSE:PTV), for $6 billion, or $33.25 per share  Deere (NYSE:DE) reported better-than-expected sales and earnings for fiscal third quarter. Earnings of $1.44 beat estimates of $1.24 on revenues of $6.84 billion, which beat estimates of $6.5 billion. The firm said it was experiencing slow sales in Europe  Target (NYSE:TGT) reported inline second quarter earnings of 92 cents a share, on revenues of $15.53 … [visit site to read more]

Televisa Enters Mobile Phone Market Posted: 18 Aug 2010 07:05 AM PDT In a significant move, the Mexican wireless regulator Comision Federal de Telecomunicaciones (CoFeTel) approved yesterday the auction bid submitted by Grupo Televisa S.A. (NYSE:TV) and its partner Nextel for a 30 MHz nationwide block in the 1.7 GHz band of wireless frequency. Last July, Televisa and Nextel together also won a block of frequency ranging from 1850 MHz – 1990 MHz. This bid raises several controversies because the Televisa-Nextel bid size for 30 MHz spectrum block is of … [visit site to read more]

Eight New Contracts For Jacobs Posted: 18 Aug 2010 07:05 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) won contracts from North East of Scotland Transport Partnership (Nestrans), Aberdeen City Council and Aberdeenshire Council, and from Los Angeles World Airports (LAWA).   The former is a three-year contract for transportation services and the latter is a $25 million contract for construction services. Jacobs will help Nestrans to provide better connectivity and accessibility within the region.   According to the agreement, the three … [visit site to read more]

Chase Bank Hires 200 In Alamo Posted: 18 Aug 2010 07:05 AM PDT According to a report from the San Antonio Business Journal, Chase Bank, the principal banking subsidiary of JPMorgan Chase & Co. (NYSE:JPM), recruited 200 employees in San Antonio at a job fair on Tuesday.   At the job fair, Chase appointed employees to the departments of claims, collections and other customer-support for the Chase Operations Center located at 20855 Stone Oak Parkway.   The new recruitments have increased the number of employees at its retail operations … [visit site to read more]

Forex Trading: EURUSD Disappoints The Bulls. Moves Back To Support After Failing To Extend Higher Posted: 18 Aug 2010 06:57 AM PDT … [visit site to read more]

Earnings Preview: Staples Posted: 18 Aug 2010 06:35 AM PDT Staples Inc. (NASDAQ:SPLS), the global office products leader, is scheduled to report its second-quarter 2010 financial results before the bell on Thursday, August 19, 2010. The current Zacks Consensus Estimate for the quarter is 20 cents per share.  Second-Quarter 2010 Consensus Analysts surveyed by Zacks expect Staples to post second-quarter 2010 earnings of 20 cents per share. The current Zacks Consensus Estimate represents year-over-year growth of 25%.  The … [visit site to read more]

Oracle Sues Google Posted: 18 Aug 2010 06:35 AM PDT For Google (NASDAQ:GOOG), the list of adversaries just grew longer. Oracle (NASDAQ:ORCL), which dominates the business software space, recently filed a lawsuit in a federal court against Google, accusing the Silicon Valley giant of infringing on the patented Java technology it inherited from Sun Microsystems. After a protracted antitrust review in Europe, Oracle was able to acquire Sun Microsystems, which invented the Java software, in a $5.6 billion deal.     The suit, filed with the U.S. … [visit site to read more]

Swiss Franc: Under Pressure Posted: 18 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 18 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Under Pressure Posted: 18 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: The Downside Prevails Posted: 18 Aug 2010 06:18 AM PDT Update on supports and resistances. … [visit site to read more]

Has Mixed Economic Data Tarnished Investors’ Interest In Silver? Posted: 18 Aug 2010 06:17 AM PDT Fundamentals Ever since the volatile trading days of early May, Silver futures prices have been in a consolidation mode, with the market now seemingly comfortable trading around the 18.50 area in the December futures. Unlike its more popular cousin Gold, Silver has not really gained widespread favor from investors seeking an inflation hedge or even as a store of safety, which is keeping prices well below historic highs. Part of the reason for Silver’s lackluster performance might be due to its … [visit site to read more]

Forex Trading: USDJPY Scared To Break Below Floor At 85.18? Posted: 18 Aug 2010 06:01 AM PDT … [visit site to read more]

Pound Rallies Subsequent To BoE Minutes, Euro Looks For Direction Posted: 18 Aug 2010 05:50 AM PDT  Fundamental Headlines • Fed Comments Curb Euro's Gains– Wall Street Journal • Economic Benefits' From Bank Regulation – Wall Street Journal • Geithner Calls for Housing Finance Reform - Financial Times • China Doubles Korean Bond Holdings as Central Bank Switches From U.S. Debt - Bloomberg • Germany Ignores Soros as Exports Drive Record Growth at Consumers' Expense - Bloomberg GBP/USD: The Bank of England released their minutes … [visit site to read more]

Forex Trading: GBPUSD Also Looking To Extend The Trading Range Posted: 18 Aug 2010 05:41 AM PDT … [visit site to read more]

Forex Trading: EURUSD. Look For The Range Extension. Posted: 18 Aug 2010 05:18 AM PDT … [visit site to read more]

Raymond James ARS Customer Requests/Offers Help Posted: 18 Aug 2010 04:23 AM PDT Sense on Cents has been happy to provide a forum for auction-rate securities holders in general. On a more specific note, Sense on Cents has generated significant ARS interest from individuals remaining engaged with Oppenheimer and E*Trade. We can now add Raymond James to the list of entities entangled in the auction-rate securities cesspool. While I am not in a position to pass judgment on the merits of every specific ARS client's situation, the simple fact is so many of these situations are … [visit site to read more]

Paralysis At The SEC – Patrick Daugherty, Partner Foley & Larnder Posted: 18 Aug 2010 04:00 AM PDT ActiveETFs | InFocus spoke with Patrick Daugherty, who is a partner at Foley & Lardner LLP, which is a highly regarded national law firm. Patrick and his team helped launch the very first actively-managed ETF in the United States from Bear Stearns in 2008. Patrick has worked on numerous other ETF launches and deals extensively with the SEC. Patrick chats with us about the challenges in launching the first Active ETF, implications of the daily disclosure requirement and paralysis at the SEC … [visit site to read more] This posting includes an audio/video/photo media file: Download Now

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