Friday, October 29, 2010

DailyMarkets.com - Hot Stocks To Know For Friday: Halliburton, Apple, Microsoft, Motorola, Symantec, Exxon Mobil, 3M, BP, Rio Tinto, BHP Billiton, British Airways

DailyMarkets.com - Hot Stocks To Know For Friday: Halliburton, Apple, Microsoft, Motorola, Symantec, Exxon Mobil, 3M, BP, Rio Tinto, BHP Billiton, British Airways

Hot Stocks To Know For Friday: Halliburton, Apple, Microsoft, Motorola, Symantec, Exxon Mobil, 3M, BP, Rio Tinto, BHP Billiton, British Airways

Posted: 29 Oct 2010 07:38 AM PDT

U.S. stocks fell marginally on Thursday, weighed down by 3M who drove industrial shares lower after cutting its profit forecast, helping erase an early gain triggered by Exxon Mobil's (NYSE:XOM) better-than-estimated earnings report. 3M (NYSE:MMM) sank 5.9% for it's biggest loss since February 2009, after saying full-year earnings will be 6 cents lower than previously forecast. And Halliburton (NYSE:HAL) dropped 8% as a report cited unstable cement the company recommended to cap BP Plc's (NYSE:BP) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. UoM Consumer Sentiment Falls Unexpectedly

Posted: 29 Oct 2010 07:10 AM PDT

U.S. UoM consumer sentiment fell unexpectedly last month, data showed on Friday.

In a report, the University of Michigan said that consumer sentiment fell to a seasonally adjusted 67.70, from 67.90 in the preceding month.

Analysts had expected UoM consumer sentiment to rise to 68.00 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Microsoft Reports Exceptional Q1

Posted: 29 Oct 2010 07:05 AM PDT

Microsoft Corporation (NASDAQ:MSFT) reported an exceptional first quarter 2011 considering recent concerns about the slowing down of the computing market. The company's earnings beat the Zacks Consensus Estimate by 7 cents, or 12.7%. Revenue also beat the Zacks Consensus, exceeding by 2.9%. Microsoft's results in the last quarter were driven by Office 2010, Windows 7 and the XBox 360 product lines. Shares are already up 3.31% in pre-market trading.
Revenue
Revenue of $16.2 billion was up 1.0% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Federated Skids Again On Fee Waiver

Posted: 29 Oct 2010 07:05 AM PDT

Federated Investors Inc. (NYSE:FII) reported third quarter operating earnings per share of 42 cents, which surpassed the Zacks Consensus Estimate by 4 cents and missed the year-ago earnings of 56 cents. The reported earnings were also below 46 cents per share reported in the prior quarter.
GAAP net income decreased 24% year over year and 10% from the prior quarter to $43.1 million. Operating income was down 21% year over year and 10% sequentially to $75.1 million.
Results reflected an increase in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AMERIGROUP, Calpine, CIGNA, Constellation Energy Group, DTE Energy Company, J P Morgan Chase & Co, Merck & Company, Newell Rubbermaid, Sony, Microsoft, Vivus

Posted: 29 Oct 2010 07:05 AM PDT

 Microsoft (NASDAQ:MSFT) reported fiscal first quarter earnings of $0.62, above Zacks estimates of $0.55, on a 25.3% revenue jump to $16.2 billion, up from estimates of $15.7 billion

 Newell Rubbermaid (NYSE:NWL) reported third quarter earnings $0.01 cents higher than Zacks estimates of $0.42, on in-line revenues of $1.5 billion

 CIGNA’s (NYSE:CI) third-quarter results beat estimates by $0.04 at $1.10 on in-line revenues of $5.3 billion, up 16.6% YoY

 Constellation Energy Group … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG’s AIA Shines In Hong Kong Debut

Posted: 29 Oct 2010 07:05 AM PDT

Following the biggest IPO in Hong Kong, American International Assurance Group Ltd. (“AIA”), the Asian life-insurance unit of American International Group Inc. (NYSE:AIG), was successfully listed on the Hong Kong Stock Exchange, gaining as much as 12% at HK$22.05 (Hong Kong dollars), up from its IPO price of HK$19.68 on debut.
AIA’s IPO was closed two days ahead of schedule after being swamped with orders from Chinese investors. AIG raised $17.9 billion, as it sold a 58.4% stake in AIA by offering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 29 Oct 2010 07:00 AM PDT

The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.

EUR/USD was trading at 1.3897, down 0.24% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.60 last month from 60.40 in the preceding month.

Analysts had expected the Chicago PMI to fall to 57.50 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chicago PMI Rises Unexpectedly

Posted: 29 Oct 2010 06:55 AM PDT

The U.S.'s Chicago PMI rose unexpectedly last month, data showed on Friday.

In a report, research group Kingsbury International said that the Chicago PMI rose to a seasonally adjusted 60.60, from 60.40 in the preceding month.

Analysts had expected the Chicago PMI to fall to 57.50 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sinopec Tops On Volumes

Posted: 29 Oct 2010 06:35 AM PDT

China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, reported its third-quarter earnings per share of 0.224 yuan ($3.31 per ADS), up 13.7% year over year. Net income in the quarter increased 14.7% from the comparable 2009 level to 19.6 billion yuan ($2.90 billion). The increase can be attributed to strong demand for oil products as well as higher contributions from upstream exploration.
Operational Performance
Sinopec's crude oil production during the first three quarters inched up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Microsoft Reports A Good Q1

Posted: 29 Oct 2010 06:35 AM PDT

Microsoft Corporation (NASDAQ:MSFT) reported an exceptional first quarter 2011 considering recent concerns about the slowing down of the computing market. The company's earnings beat the Zacks Consensus Estimate by 7 cents, or 12.7%. Revenue also beat the Zacks Consensus, exceeding by 2.9%. Microsoft's results in the last quarter were driven by Office 2010, Windows 7 and the XBox 360 product lines. Shares are already up 3.31% in pre-market trading.
Revenue
Revenue of $16.2 billion was up 1.0% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novatel Meets, Outlook Very Strong

Posted: 29 Oct 2010 06:35 AM PDT

Yesterday, Novatel Wireless Inc. (NASDAQ:NVTL) declared third quarter of 2010 financial results that barely met our expectations. However, the company provided an extremely strong financial outlook for the ensuing fourth quarter, which is well above the current Zacks Consensus Estimate. As a result, in the after-market trade on NASDAQ, stock price of Novatel was up 18 cents (1.66%) to $11.00.
On a GAAP basis, net loss in the quarter was $7.1 million or a loss of 22 cents per share compared with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 29 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: The Downside Prevails

Posted: 29 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Under Pressure

Posted: 29 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure

Posted: 29 Oct 2010 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down On Economic Data

Posted: 29 Oct 2010 06:15 AM PDT

The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on GDP.

USD/CAD was trading at 1.0194, down 0.18% at time of writing.

The pair was likely to find support at 1.0155, Monday's low, and resistance at 1.0339, Wednesday's high.

Earlier in the day, official data showed that Canadian gross domestic product rose in line with expectations to a seasonally adjusted 0.30% last month from -0.10% in the preceding month.

Analysts had expected GDP to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Looking For Support Against 1.5963

Posted: 29 Oct 2010 06:09 AM PDT

ABB Outperforms

Posted: 29 Oct 2010 06:06 AM PDT

ABB Ltd. (NYSE:ABB) outperformed the Zacks Consensus revenue and earnings estimates for the third quarter of 2010. The company reported revenues of $7.9 billion, ahead of the estimated $7.76 billion, while earnings per share were 34 cents, ahead of the estimated 31 cents.
Orders rose 18% and revenues increased 2% in local currencies, including an 11% increase in service revenues. This was due to a higher demand from industrial customers for energy efficient and capacity enhancing products. Demand … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CNOOC Posts Strong Results In 3Q

Posted: 29 Oct 2010 06:06 AM PDT

Chinese offshore giant CNOOC Ltd. (NYSE:CEO) reported its third quarter 2010 results. Total revenue in the third quarter was 38.9 billion yuan ($5.74 billion), up 68.3% from the year-earlier level. Out of the total revenue, more than 91% came from oil and liquids sales. The robust results were driven by solid production growth and strong oil price realizations.
CNOOC achieved a total net production of 88.7 million barrels of oil equivalent (BOE), an increase of 48.8% from the year-ago level. Of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merck Beats On EPS, Misses On Revs

Posted: 29 Oct 2010 06:06 AM PDT

Merck & Co.’s (NYSE:MRK) earnings per share (EPS) for the third quarter of 2010 came in at 85 cents, a couple of cents above the Zacks Consensus Estimate but below the year-ago earnings of 90 cents. However, including adjustments, the company reported earnings of 11 cents, well below the year-ago earnings of $1.61.
Merck reported revenues of $11.1 billion, just shy of the Zacks Consensus Estimate of $11.2 billion. Revenues in the year-ago period were $6.0 billion. Reported quarter revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jones Lang Revenue Soars

Posted: 29 Oct 2010 06:06 AM PDT

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading full-service real estate firm that provides corporate, financial, and investment management services, reported third quarter 2010 net income of $37 million or 84 cents per share compared to $20 million or 46 cents in the year-earlier quarter. Excluding non-recurring items, earnings were $38 million or 86 cents per share during the quarter versus $27 million or 61 cents in the year-ago quarter. Recurring earnings for the reported quarter were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Data

Posted: 29 Oct 2010 06:00 AM PDT

The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3914, down 0.11% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose in line with expectations to a seasonally adjusted annual rate of 2.00% in the last quarter from 1.70% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests 200 Hour MA 1.3894.

Posted: 29 Oct 2010 05:47 AM PDT

 

A break above targets the 1.3918 level.  A break below the 100 hour MA at the 1.3880 level signals a top is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. GDP Rises In Line With Expectations

Posted: 29 Oct 2010 05:45 AM PDT

Gross domestic product in the U.S. rose in line with expectations in the last quarter, preliminary official data showed on Friday.

In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 2.00%, from 1.70% in the preceding quarter.

Analysts had expected U.S. gross domestic product to rise 2.00% in the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian GDP Rises In Line With Expectations

Posted: 29 Oct 2010 05:40 AM PDT

Canadian gross domestic product rose in line with expectations last month, official data showed on Friday.

In a report, Statistics Canada said that GDP rose to a seasonally adjusted 0.30%, from -0.10% in the preceding month.

Analysts had expected GDP to rise 0.30% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Monster Beats, Gives Strong Outlook

Posted: 29 Oct 2010 05:35 AM PDT

Monster Worldwide, Inc. (MWW), the parent company of Monster.com, reported revenues of $228.8 million, up 6.7% from the year-ago quarter and up 6.5% sequentially, which beat the Zacks Consensus Estimate of $223 million. The reported figure includes a $1.8 million purchase accounting adjustment related to the HotJobs acquisition.
Monster completed the acquisition of HotJobs from Yahoo! Inc. (NASDAQ:YHOO) in August 2010 and the third quarter financial results include approximately five weeks of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Expedia Gathers Momentum

Posted: 29 Oct 2010 05:35 AM PDT

Expedia Inc.'s (NASDAQ:EXPE) second quarter earnings beat the Zacks Consensus by 38 cents or 69.1%, on revenue that beat by 5.1%. As a result, Expedia shares were up 3.29% in after-market trading yesterday.
Revenue
Revenue for the quarter was $987.9 million, up 18.5% sequentially and 15.9% year over year. Expedia's results are indicative of secular growth trends in online travel spending, as borne out by all product lines in the last quarter. Currency had a 3 percentage point impact on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Siemens Wins U.S. Contract

Posted: 29 Oct 2010 05:35 AM PDT

Siemens AG (NYSE:SI) has won a $466 million order to build 70 electric locomotives for Amtrak’s Northeast and Keystone Corridor lines in the U.S.A. The locomotives will be built at Siemens’ existing light rail manufacturing facility in Sacramento, California.  
The locomotive platform has been configured for improved reliability, sustainability and safety. The design meets the latest Federal Railroad Administration requirements of front-end strength by providing a crumpling zone for collision … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Friday: Celgene, Microsoft, MetLife, Expedia, BP, BHP Billiton, British Airways, Sanofi-Aventis

Posted: 29 Oct 2010 05:31 AM PDT

Despite better than anticipated weekly jobless data, equities finished the session mixed as less than impressive earnings from bellwether stocks like 3M (-5.86%) overwhelmed investor appetite for stocks and other risky assets. As a result the DJIA is underperforming its peers and industrials are the lagging sector in the S&P 500. Elsewhere, defensive sectors outperformed and were led higher by health care sector, with Celgene (NASDAQ:CELG) (+3.0%) posting solid gains following earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Dollar Mixed Ahead Of The Third Quarter GDP Report

Posted: 29 Oct 2010 05:30 AM PDT

        

Fundamental Headlines
• Dollar Climbs Ahead of GDP Data– Wall Street Journal
• Stocks Needn't Slow on GDP – Wall Street Journal
• Stocks Retreat Ahead of U.S. Growth Data – Financial Times
• Gold Will Outlive Dollar Once Slaughter Comes: John Hathaway – Bloomberg
• Economy in U.S. Likely Grew as Consumer Spending Climbed – Bloomberg
GBPUSD: Net consumer credit in Great Britain rose 0.3 billion pounds after holding flat the month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data, Earnings

Posted: 29 Oct 2010 05:15 AM PDT

The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on Unemployment Rate.

EUR/USD was trading at 1.3859, down 0.51% at time of writing.

The pair was likely to find support at 1.3734, Wednesday's low, and resistance at 1.4080, Monday's high.

Earlier in the day, official data showed that The unemployment rate in the euro zone rose unexpectedly to a seasonally adjusted 10.10% last month from 10.00% in the preceding month whose figure was revised down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good Quarter, Weak Guidance At KLA

Posted: 29 Oct 2010 05:00 AM PDT

KLA-Tencor Corporation's (NASDAQ:KLAC) first quarter earnings beat the Zacks Consensus by 13 cents, or 15.1%. Revenue was also better than expected, beating by 5.0%. Investors did not react too strongly, considering the fact that after-market trading just pulled up prices by 0.76%. We expected the company to report a strong quarter and provide softer guidance and results were within these expectations.
Revenue
KLA reported revenue of $682.3 million, which was up 22.0% sequentially, 99.1% year over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nexen Slips, Volumes Up

Posted: 29 Oct 2010 05:00 AM PDT

Nexen Inc.'s (NYSE:NXY) third-quarter recurring earnings from continuing operations were 22 US cents (23 Canadian cents) per share versus the Zacks Consensus Estimate of 30 US cents and last year's earnings of 21 US cents. We have adjusted the reported earnings of 98 US cents (C$1.02) for the after-tax net gain on non-core assets sale.
Quarterly cash flow from operations was 89 US cents (92 Canadian cents) per share, up approximately 26% year over year driven by strong production volumes and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down On Economic Data

Posted: 29 Oct 2010 04:45 AM PDT

The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5926, down 0.12% at time of writing.

The pair was likely to find support at 1.5678, Monday's low, and resistance at 1.5978, Thursday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.43% to hit 0.8698 and GBP/JPY falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up On Data

Posted: 29 Oct 2010 03:40 AM PDT

The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators.

USD/CHF was trading at 0.9884, up 0.49% at time of writing.

The pair was likely to find support at 0.9664, Monday's low, and resistance at 0.9930, Wednesday's high.

Earlier in the day, data showed that Switzerland's KOF economic barometer fell more-than-expected to a seasonally adjusted 2.17 last month from 2.20 in the preceding month whose figure was revised down … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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