Daily Markets - Tech Data Beats
Daily Markets - Tech Data Beats |
- Tech Data Beats
- Gap Barely Beats, Affirms Outlook
- Saks Narrows Loss
- Transportation, Emissions, Biofuels And Whiskey
- Canadian Solar, A Penny Shy
- The Anatomy Of Intolerance
- Dollar Tree Tops Zacks Estimate
- Moody’s React To Fertilizer Buzz
- Agrium Wants Expedient Merger
- Intuit Reports Fourth Quarter Loss
- Salesforce Revenue Up, EPS Slips
- BofA Leads In HAMP; Pace Slowing
- A Dip In Capital Markets Pushes Oil Towards Reversal, Tempers Gold’s Rally
- DATATRAK Selected For Pan-European Systolic Hypertension Study
- MasterCard To Buy DataCash Group
- Earnings Scorecard: Wendy’s/Arby’s
- Celgene’s Revlimid Marches On
- Is FINRA’s Board Tone Deaf?
- Cephalon Sues Apotex
- ValueClick Partners LucidMedia
- Jeremy Siegel Predicts The Bond Bubble Will Burst
| Posted: 20 Aug 2010 04:05 PM PDT The IT products distributor Tech Data Corp. (NASDAQ:TECD) announced encouraging results for the second quarter of fiscal 2011, beating the Zacks Consensus Estimate of 78 cents per share with a surprise of 5.1%.
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| Gap Barely Beats, Affirms Outlook Posted: 20 Aug 2010 04:05 PM PDT Gap Inc. (NYSE:GPS) reported fiscal 2010 second-quarter earnings of 36 cents per share, growing 9.1% from last year’s 33 cents and edging past the Zacks Consensus Estimate of 35 cents. The better-than-expected result was mainly driven by higher sales at Old Navy and Banana Republic, coupled with a jump in online sales.
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| Posted: 20 Aug 2010 04:05 PM PDT Saks Incorporated (NYSE:SKS) delivered a second-quarter 2010 net loss (excluding one-time items) of 13 cents per share, compared with a net loss of 39 cents in the year-ago quarter. The Zacks Consensus Estimate was for a net loss of 17 cents per share. The year-over-year improvement in the quarter reflects same-store sales growth and gross margin expansion.
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| Transportation, Emissions, Biofuels And Whiskey Posted: 20 Aug 2010 03:55 PM PDT A new report released by the Carbon Disclosure Project notes that globally, 98% of transportation runs on fuel made from oil. The transportation sector is responsible for almost 60% of oil consumption in OECD countries. This heavy dependence on oil has resulted in the transportation sector generating 13% of total global emissions, compared to 26% from the power sector and 14% from agriculture (Fig. 1). And out of all the modes of transportation, road vehicles generate the lion’s share of … [visit site to read more]
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| Posted: 20 Aug 2010 03:35 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) reported adjusted EPS of 3 cents for the first quarter of fiscal 2010, which fell short of the Zacks Consensus Estimate at 4 cents. The company also beat the year-ago quarterly loss of 13 cents.
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| Posted: 20 Aug 2010 03:27 PM PDT Connect the dots:
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| Dollar Tree Tops Zacks Estimate Posted: 20 Aug 2010 03:05 PM PDT Dollar Tree Inc. (NASDAQ:DLTR) reported second quarter earnings per share of 61 cents, beating the Zacks Consensus Estimate of 54 cents and the prior-year result of 42 cents. The quarter was aided by robust sales attributed to increased traffic and higher average ticket.
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| Moody’s React To Fertilizer Buzz Posted: 20 Aug 2010 01:35 PM PDT Ratings agency Moody’s Investors Service, an affiliate of Moody’s Corporation (NYSE:MCO) has recently confirmed its ‘Baa1′ senior secured ratings on Potash Corporation of Saskatchewan (NYSE:POT) and downgraded its outlook to “Developing” from “Stable”, stated Reuters. Moody’s ‘Baa’ rating is a medium grade rating that indicates moderate credit risk. The ratings change came in just after the fertilizer company rebuffed a hostile acquisition offer from Australian mining giant BHP Billiton Limited … [visit site to read more]
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| Posted: 20 Aug 2010 01:35 PM PDT Agrium Inc. (NYSE:AGU) and AWB Ltd. have signed a definite agreement with respect to the merger proposed on Aug 15, 2010. AWB accepted Agrium’s A$1.24 billion (US $1.19 billion) acquisition offer discarding Australian grain maker, GrainCorp Limited’s all-stock proposal of A$885 million ($850 million). Agrium’s all-cash $1.50 ($1.44) per share, represents a 57% premium over AWB’s trading price of A$0.955 ($0.92) as of July 29, 2010, is indeed superior to GrainCorp’s no premium offer of … [visit site to read more]
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| Intuit Reports Fourth Quarter Loss Posted: 20 Aug 2010 01:05 PM PDT Intuit Inc. (NASDAQ:INTU) reported fourth quarter fiscal 2010 adjusted loss per share of 11 cents, ahead of the Zacks Consensus Estimate of a loss of 17 cents. The adjusted loss per share excludes amortization of intangible assets and acquired technology, professional fees for business combinations as well as tax gains, but includes stock-based compensation expenses.
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| Salesforce Revenue Up, EPS Slips Posted: 20 Aug 2010 01:05 PM PDT Salesforce.com (NYSE:CRM) reported second quarter fiscal 2011 adjusted net income per share of 16 cents, which surpassed the Zacks Consensus Estimate by 2 cents. The adjusted earnings per share excluded amortization of purchased intangibles and debt discounts as well as the associated tax impact, but included stock-based compensation expenses.
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| BofA Leads In HAMP; Pace Slowing Posted: 20 Aug 2010 01:05 PM PDT On Wednesday, Bank of America Corporation (NYSE:BAC) announced that it has the maximum involvement in the U.S. government’s Home Affordable Modification Program (HAMP), with more than 76,300 modifications till July 2010. Apart from that, about 100,000 customers who did not qualify for the government sponsored program have received modifications from the company.
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| A Dip In Capital Markets Pushes Oil Towards Reversal, Tempers Gold’s Rally Posted: 20 Aug 2010 12:51 PM PDT North American Commodity Update
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| DATATRAK Selected For Pan-European Systolic Hypertension Study Posted: 20 Aug 2010 12:35 PM PDT The Contract
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| MasterCard To Buy DataCash Group Posted: 20 Aug 2010 12:35 PM PDT Basking from a good quarter, on Thursday, MasterCard Inc. (NYSE:MA) agreed to purchase a European payment service provider, DataCash Group plc, for 360 pence per share, totaling to approximately £333 million or $520 million. The deal is scheduled to close by the end of October 2010, subject to shareholders' and other regulatory approvals.
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| Earnings Scorecard: Wendy’s/Arby’s Posted: 20 Aug 2010 12:35 PM PDT Wendy’s/Arby's Group Inc. (NYSE:WEN), the third largest quick-service restaurant company in the United States, posted second quarter 2010 results on August 12, 2010. The company adjusted earnings surpassed the Zacks Consensus Estimate on the back of the Wendy's restaurant profits. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term outlook for the stock are covered in depth below.
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| Posted: 20 Aug 2010 12:35 PM PDT Celgene Corporation (NASDAQ:CELG) received a boost with its lead product Revlimid gaining approval in Japan for the treatment of deletion 5q myelodysplastic syndromes (MDS). The approval comes close on the heels of the drug receiving Japanese approval in combination with dexamethasone for treating patients suffering from multiple myeloma, who have received at least one prior therapy. The approval for multiple myeloma from Japan’s Ministry of Health, Labor and Welfare came in June … [visit site to read more]
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| Posted: 20 Aug 2010 12:15 PM PDT When might a supposed democratic process with overwhelming returns be negated by the wishes and desires of the powers that be? Am I speaking of those who may occupy bully pulpits in third world nations? No, that guess would not be close.
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| Posted: 20 Aug 2010 12:05 PM PDT In a recent filing with the US Securities and Exchange Commission (SEC), Cephalon Inc. (NASDAQ:CEPH) announced that it has filed a lawsuit in the US District Court in Delaware against Apotex Corp. and Apotex Inc. Apotex is seeking to launch a generic version of Cephalon's sleep franchise product, Nuvigil.
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| ValueClick Partners LucidMedia Posted: 20 Aug 2010 12:05 PM PDT A leading provider of Internet advertising solutions and online marketing services, ValueClick Inc. (NASDAQ:VCLK) entered into a partnership agreement with the leading digital media management solution provider LucidMedia.
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| Jeremy Siegel Predicts The Bond Bubble Will Burst Posted: 20 Aug 2010 11:27 AM PDT Jeremy Siegel Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. He graduated from Columbia University in 1967, received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1971, and spent one year as a National Science Foundation Post-Doctoral Fellow at Harvard University. Prof. Siegel taught for four years at the Graduate School of Business of the University of Chicago before joining the Wharton faculty … [visit site to read more]
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