DailyMarkets.com - Halliburton Stays Neutral Post-3Q |
- Halliburton Stays Neutral Post-3Q
- Biogen Idec: Earnings Preview
- Theravance Loss Wider Than Expected
- Gold Likely To Resume Its Upward Move
- Has Gold’s Short-Term Correction Run Its Course?
- POSCO And Zaman’s Dual Enterprise
- Roper 3Q Beats, Guidance Up
- Used Home Sales Rise, Prices Fall
- Earnings Preview: Ecolab
- Rude Shock For Arena Pharma
- Forex Trading: USDJPY Moves SLOWLY Higher. Tests Intraday Moving Average Resistance
- Korea Electric Power In Red Zone
- Fitch Reducing Banks’ Ratings?
- GBP/JPY – Bearish Trend Hits Fresh Long-Term Low
- “Macro Issues…can Put Pressure On The Markets And USD”
- Dollar Declines On Data & Speculation
- Forex Trading: EURUSD Bounces Off 200 Hour MA On Queue
- Earnings Preview: Vale S.A.
- Stoneridge Misses Estimates
- Investors Should Steer Clear Of These Chinese Small Caps
- Earnings Preview: Comcast Corp.
- DDR Refinances Credit Facilities
- Ventas Acquires Atria Assets
- European Markets Mixed At Close; Dax Up 0.51%
- Crude Near $83 As Dollar Decline Continues
| Halliburton Stays Neutral Post-3Q Posted: 25 Oct 2010 12:05 PM PDT We retain our Neutral recommendation on Halliburton Company (HAL), following the impressive third quarter 2010 results, driven by an increased activity in the unconventional oil and gas shale plays in North America that counterbalanced a flat international performance.
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| Posted: 25 Oct 2010 12:05 PM PDT Biogen Idec Inc. (NASDAQ:BIIB) is slated to announce its third quarter results on October 26. The Zacks Consensus Estimate is $1.20, well above the year-earlier earnings of $1.09.
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| Theravance Loss Wider Than Expected Posted: 25 Oct 2010 11:50 AM PDT Theravance Inc.'s (NASDAQ:THRX) third quarter 2010 loss per share of $0.29 was $0.02 wider than the Zacks Consensus Estimate, but narrower than the year-ago quarter loss of $0.35.
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| Gold Likely To Resume Its Upward Move Posted: 25 Oct 2010 11:45 AM PDT After marking a new historical high at $1,386.82 per ounce back in October 14, gold appears to have lost its upward momentum as it slid back to a low of $1,314.60. In my opinion, however, gold's recent correction is very much warranted due to the fact that it was already trading at an extreme overbought condition. It also exchanged in a rather fast pace, marking new a new-all-time high after the other in succeeding trading days. In any case, gold may once again resume its upward … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Has Gold’s Short-Term Correction Run Its Course? Posted: 25 Oct 2010 11:40 AM PDT I’ve stated before that I expect this secular bull to continue until the Dow:gold ratio drops to at least 1:1. Considering how much further the ratio stretched on the upside (42:1) than any other time in history it’s entirely possible that we could briefly see gold become more expensive than the Dow. As it pertains to the current C-wave I want to point out that we still haven’t even seen the ratio hit new lows yet. Every C-wave so far has managed to drive the ratio to new lows before … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| POSCO And Zaman’s Dual Enterprise Posted: 25 Oct 2010 11:35 AM PDT Largest Korean steelmaker POSCO (NYSE:PKX) and Kazakhstan-based ZAMAN Group entered into an agreement to build a ferro-silicon aluminum (FeSiAl) plant in Ekibastuz, Kazakhstan.
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| Posted: 25 Oct 2010 11:35 AM PDT Roper Industries Inc. (NYSE:ROP) reported third quarter 2010 results before the market opened. Earnings for the third quarter were 87 cents per share, beating the Zacks Consensus Estimate of 79 cents. Earnings were up 42.6% year over year from 61 cents. Net earnings for the third quarter were $84 million, a 49.0% increase over the third quarter of 2009.
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| Used Home Sales Rise, Prices Fall Posted: 25 Oct 2010 11:35 AM PDT Existing home sales rose 10.0% in September to an annual rate of 4.53 million from a slightly downwardly revised rate of 4.12 million in August. Relative to a year ago, sales are down 19.1%. Existing home sales have been significantly distorted by the tax credit timing. A year ago, sales were starting to ramp up due to a tax credit that was supposed to end in November but was extended through April, with closing through the end of June. Since existing home sales are recorded at closing, many … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 25 Oct 2010 11:35 AM PDT Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) is expected to release its third-quarter fiscal 2010 results on Tuesday, October 26.
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| Posted: 25 Oct 2010 11:35 AM PDT The US Food and Drug Administration (FDA) dealt a major blow to Arena Pharmaceuticals (NASDAQ:ARNA) by refusing to approve the company's obesity candidate lorcaserin citing tumor-related safety concerns. The US regulatory authority issued a complete response letter (CRL) stating that the efficacy of the drug in non type II diabetes obese patients was found to be marginal.
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| Forex Trading: USDJPY Moves SLOWLY Higher. Tests Intraday Moving Average Resistance Posted: 25 Oct 2010 11:16 AM PDT |
| Korea Electric Power In Red Zone Posted: 25 Oct 2010 11:05 AM PDT State-run utility behemoth Korea Electric Power Corporation (NYSE:KEP) incurred a net loss of KRW51 billion (USD$45.3 million) for the first nine months of 2010, a decrease of 117.7%, compared with a net income of KRW289 billion (USD$256.8 million) for the first nine months of 2009. This was primarily due to increased power purchase costs. Power purchase costs rose mainly due to an increase in the volume of LNG-based electricity generation.
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| Fitch Reducing Banks’ Ratings? Posted: 25 Oct 2010 11:05 AM PDT Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the way it would recognize the “systemically important” banks and financial companies under the new Dodd-Frank financial reform law.
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| GBP/JPY – Bearish Trend Hits Fresh Long-Term Low Posted: 25 Oct 2010 11:04 AM PDT Price action on GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend channel extending back to the August 2009 high. Within this downtrend channel, price reached and bounced down off the upper border of the channel in mid-September after having broken down below a bearish rising wedge … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Macro Issues…can Put Pressure On The Markets And USD” Posted: 25 Oct 2010 10:53 AM PDT 10/25/10 Meridian Equity Partners’ Joseph Greco discusses key fundamentals and technicals that are being closely … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Dollar Declines On Data & Speculation Posted: 25 Oct 2010 05:51 AM PDT 10/25/10 The US dollar continued to slide this session following strong European economic data and growing speculation the Fed will ease its monetary … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Bounces Off 200 Hour MA On Queue Posted: 25 Oct 2010 10:32 AM PDT The EURUSD fell to target support against the 200 hour MA level at the the 1.3953 level. The price has rebounded back above the 1.3970 level. EURUSD bears will want to see the price stay below the 1.4000-05 area in order to keep the pressure on the pair.
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| Posted: 25 Oct 2010 10:25 AM PDT Brazilian mining giant Vale S.A. (VALE) is scheduled to report its third quarter results on October 28, 2010. The current Zacks Consensus Estimate for the third quarter is $1.03 per ADS.
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| Posted: 25 Oct 2010 10:25 AM PDT Stoneridge Inc. (NYSE:SRI) showed a profit of $649,000 or 3 cents per share in the third quarter of the year, in sharp contrast to a loss of $843,000 or 4 cents per share in the same quarter of the prior year. However, the company missed the Zacks Consensus Estimate by 8 cents per share.
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| Investors Should Steer Clear Of These Chinese Small Caps Posted: 25 Oct 2010 10:13 AM PDT Great Wall of China By Ben Strubel of Strubel Investment Management, LLC
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| Earnings Preview: Comcast Corp. Posted: 25 Oct 2010 10:05 AM PDT Comcast Corp. (NASDAQ:CMCSA) is slated to release its third quarter 2010 results on Wednesday, October 27. The current Zacks Consensus Estimate for the third quarter is 30 cents, representing an annualized growth of 6.82%.
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| DDR Refinances Credit Facilities Posted: 25 Oct 2010 10:05 AM PDT Developers Diversified Realty Corp. (DDR), a leading real estate investment trust (REIT), has recently refinanced two senior revolving credit facilities in two separate transactions to strengthen its liquidity and reduce its refinancing risks. Both the new revolving credit facilities are currently priced at LIBOR plus 275 basis points.
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| Posted: 25 Oct 2010 10:05 AM PDT Ventas Inc. (VTR), a leading health care real estate investment trust ("REIT"), has recently acquired full ownership of all the real estate assets of Atria Senior Living Group, the fourth largest operator of assisted living properties in the U.S., for $3.1 billion. The purchase price included the assumption of $1.6 billion in debt, $1.35 billion worth of common stock of Ventas, and $150 million in cash.
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| European Markets Mixed At Close; Dax Up 0.51% Posted: 25 Oct 2010 09:55 AM PDT Forex Pros – European stocks were mixed after the closing bell on Monday. At the close of European trade, Germany's DAX rose 0.51%, London's FTSE 100 gained 0.18%, France's CAC 40 climbed 0.04% and the EURO STOXX 50 was down 0.08%. Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down from 4.13M. Analysts had expected existing home … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Near $83 As Dollar Decline Continues Posted: 25 Oct 2010 09:47 AM PDT 10/25/10 The continued decline in the US dollar has helped front month crude prices trade near $83 a barrel to start the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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